 What's going on guys? So we're gonna do a little quick a live trading on bitmex to give you guys an example of How it works and what it is we do so Just to update you on what's been going on Bitcoin dropped into one of our price targets where we like to enter One of the supports that that we had That we've mentioned in our market analysis and our trading rooms as a buy opportunity So we're gonna end we we deposited it into a new account of about Think point one Bitcoin Around there And we're we're gonna we're gonna trade with it live here to show you guys, you know the possibilities of what you can do When trading on bitmex, so let's Let's look at what we have here. So we bought six thousand dollars worth of Bitcoin at 10x leverage So we're basically risking six hundred dollars We're risking six hundred dollars on this trade if we were to get liquidated But we have our stop loss set as you can see right here. Let me make sure you guys can see that. Yep So we have it set at around 11,000 own hundred and eleven the reason we chose that price is because if you zoom in here Let's go down to like the one hour. It's actually zoom in a little bit more Let's get down to the nitty gritty 15 minute mark Even five minute mark When we're scalping trades, we like to get to really zoom in To get a view of what's going on so right here You see where the low of the day is right now. It's around 1124 So really anything below 1124 is fine with us. We just happened to choose this price range We just liked all the ones 11111 seems like a good luck number to me Because I always see 1111 at all times of the day So I felt like that's the number that I wanted to set that at But anywhere below the low of the day is fine Our entry price is 11213. So we're currently about break even right now but we're just gonna watch this and And see see what happens here With this with this entry. I don't want to make this video super long either so we're gonna watch for a few minutes and And see what happens if we can make a quick profit on it. So let's let's Zoom out a bit here and see what's been going on with Bitcoin So you see here throughout the day. It was at around 11,400 It broke out right here. Let me see today at around 9 a.m. and it hit 11,000 Yeah, it looks like it got rejected 11,600 and it's just dropped all the way down So it hit 11,200 it jumped back up to eleven thousand three hundred fifty five and Then it got rejected again Back down to eleven thousand one one twenty five So we tried to enter so we entered here We had made a little profit and then it dumped back we entered on this candle. We got stopped out We had our our stops a little too tight Then we entered again on the second candle once it got back above 11,200 We just really like that price as long as it's above it. We don't mind jumping back in even if we get stopped out again But Yeah, let me let me put some some some tunes on for you guys, man You guys gonna get a board just hearing my voice So right now we're gonna watch this We're gonna leave it here for a little bit see what happens We will update you guys as soon as something happens here with this price All right guys a little update here. We're still in the trade. It tried to stop us out It got very close to us. Let me see Our stop was one one one one it went down to 115 so 116 I'm sorry, so it was very close if you had your stop right up right below the low of the day You would have been stopped out That's why I always like to put it a little bit below because the market does this on purpose They always go and test that low of the day They push it a little bit because they know that they'll stop out Lots of people during that cycle and then they push right back up So now the price is back at eleven thousand one hundred seventy five point five. We're currently down About two point eight percent and we're still in the trade though. We're still holding this contract So let's see what happens here and what we'll update you in a little bit Hopefully we can turn this one into a profit right, yes All right guys another check in here. So as you can see prices back up to eleven thousand two hundred and twenty two You can see at the pop right here So that was a good nice little pop We need a pop over if we get over two fifty then that could probably take us back to the three hundred area But so far so good now an update on what we did as you can see now we're at eight thousand dollars So what we did we bought when it was a little bit lower down we we kind of averaged our position down a bit We wanted a entry closer to eleven thousand two hundred. So we bought two thousand more Two thousand USD more worth of our position So and then we use the same exact Stop so we just place the stop at the same exact area, which is eleven thousand one hundred and eleven dollars, which is about a Currently about just a Little under a hundred dollars stop our reward is two hundred our reward because our first target is eleven thousand four hundred Which is up here? So we get a proper One two or two to one risk ratio. I mean what risk reward on this? So we're still watching it, you know, we're still in the trade doing not really doing much We're up one point six five percent right now. Just yeah, why is it changing when I do this? But yeah, we're up one point six five percent right now, which is worth point zero zero one one XBT And we're just gonna continue holding here. Let's see if we can get to our target Which would be very nice for this video. We can hit it But like, you know, every trade is not a winner. So we'll keep you guys updated Alrighty guys, it is that time of the video question of the day. Let's jump right into it Remember question of the day every video will have a random question about something in the video The question will always be in a random area of the video find a question Then find the answer post your answer in the comments for a chance to win a free month membership to our trading room Winners will be picked randomly once the video receives over 30 likes. Remember guys, we got to get the video to 30 likes Good luck. All right, here we go. You guys ready question of the day is how did we decide where to put our stop loss? We went over this in the video Let me take my face out the way because there we go my face is out the way my bad How did we decide where to put our stop loss? We went over this in the video. So get the answer put it in the comments like the video follow us Tell your friends to your family to your grandmother to your friends and your neighbors while you give them sugar. Peace What is going on guys doing gonna do a quick update let me turn the tunes on here we go. All right, so So it looks like we caught the bottom here All right, so we've been bouncing back up nice and slow that we're still looking at the five-minute chart All right, so we're Getting back up there nice and slowly. We're currently up five percent on our position We're at eleven thousand two hundred and sixty three dollars. Remember our entries eleven thousand two hundred and six Our liquidation price is ten thousand two two two. We don't got to worry about that We have stops way before then at eleven thousand one hundred and eleven So we're looking here This was a nice break right here Above this this little area, which was eleven thousand two fifty We can get above The eleven thousand three hundred mark we should shoot for eleven four hundred So so that's basically what we're waiting for right now. We're at about six percent profit Point zero zero four Bitcoin profit right now That cover that covers, you know any stopout losses And yeah, man, we're just still in the position. We're still just being patient waiting. We still have eight thousand contracts And that's pretty much it for now, we're gonna keep waiting here seeing if it continues in our in our direction and And we'll let you know we'll keep you guys updated All right. See you guys in a few What is going on guys? Just checking back in and do another update as you can see not much has been going on here It's been pretty much just kind of barely it moved up a little bit almost got to eleven three And then got pushed back down so I'm hoping that it the 11 to 50 level can hold it here and continue this short-term uptrend right here If we go into Look at the bigger Going to the 15 minute And it's looking pretty good We caught that bounce right there as you can see it's been going up We just needed to keep to continue up basically at this point Get us back to that eleven four hundred, which is our our main first target If we zoom out a little bit more to the one hour You can see the big red candle That where we basically entered in Then we got one big green one and hopefully we see a recovery here at it to our target So we'll keep you guys updated on any other moves This trade is taking a bit longer than we want But you know we can't control we can't control when the trade happens or how long it takes to happen We can only look for the opportunities and that's what we did here look for the opportunity and now we just got to be patient and Be confident in our setup and Hopefully it goes our way All right you guys keep you guys update Hey All right guys here is a quick update. So we have now broken up and Above well, we just went a little little below right now, but we've broken up and below Up and below we're at eleven thousand three hundred every time I say that we're above it It goes right back under so we're currently at three eleven thousand three hundred resistance We're up eight percent our position For a profit of point zero zero six two Bitcoin We're still holding this position We got about a hundred dollars more to go as you can see here the high went up to eleven three fifteen so We see we can see this to continue push up to our Target which is eleven thousand four hundred We might consider taking some profits here at eleven thousand three fifty We might consider to begin taking profits in this range eleven thousand three fifty to eleven thousand four hundred range Just because it's it's bitcoins been a bit unpredictable lately, and we want to make sure to secure profits But right now we're still just holding All right, so just an update on that because we did go above eleven three hundred We're just gonna continue to hold here though What's up guys welcome back I am here to give you guys the final update of the day as you guys can see We are up fifteen percent on our trade of eight thousand contracts The price is currently at eleven thousand three hundred and seventy nine We are up Point zero one oh nine, so we're about a hundred and twenty five dollars in profit on this trade As you guys can see we have our first target right here We have a we have the order already set so we can actually bring it down and take profit in this range Because as you guys know it like we always tell you Training is not an exact number. It's just in the zones. So we're ready in the zone to take profit So we could definitely take profit here The way we take profit is that we always use about take about twenty five percent of The position that we have currently we take about twenty five percent off and then what we're gonna do is we're going to Trail use this trail stop. We're gonna move it up probably tell about Thinking about this range right here It's probably the range. I think I'm gonna we're gonna put our stop losses for now and of course if We could get rid of one of the two thousand since we're gonna take profit So we could bring this one up as well Boom so we've moved up our trail stops with the remainder of the position plus we're taking profit with Two thousand so that's twenty five percent of our positions. We're gonna take profit now that we're already Fifteen percent in profit and that's basically it guys. So I hope you guys Learn something here You know, we wanted to give you guys a live trade so you can see exactly how it is that we do it step by step Everything it is that we do here It's not that difficult. You just got to make sure you have your train plant your trade planned out and You know what you're gonna go and what you're gonna do Regardless of what happens in the trade which way the trade goes so we stuck by the rules We stuck by our trade we stuck by our stop losses and our take profit zones and we made ourselves a hundred dollars today Not too bad. Alrighty guys. Thank you for tuning in. Make sure to follow the channel. Make sure to Hit us up in the comments and leave an answer for the question of the day till the next one, peace