 Like this one What's up money gigs mr. V here welcome to another video guys so into this video We are going to continue our series on how to make two hundred and fifty dollars a day blow print Most recent video we talked about setting up your dashboard Putting all the different widgets on the dashboard to help you trade so into this video We're gonna go deep. We're gonna look into your chart and once you get on the chart What indicators do you put on the charts to help you identify your entry and your exit points? So we're gonna take a look at that today But before we get to the guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification belt So you don't miss out on new content So when it comes to indicators that you use for trading guys, I want to emphasize this point You have to test these indicators so that you understand them see how they work Don't just hear it go at it on your chart and just start trading take it go at it Go to a simulator or paper trading test these indicators do some kind of a mixed match See which ones work better for you what combination works better for you before you jump and start using them So again, this is stuff that I personally have tried and tested and I use it with my view of strategy And it does work for me So I encourage you to actually test them with paper trading before you start using real money to test them So just to kind of disclaimer right there so that you guys understand. So right now I want to show you guys My dashboard again, which I showed you guys in the last video, but right now on the dashboard Key things that I want you guys to focus on here. It's my indicators See, I don't use a ton of indicators like I see all the traders do This is my personal preference. So I don't want you leaving comments and telling me like a we have to use My D or you have to use No moving average and all that stuff I understand those and I use them for different purposes, but for my day trading I want to be very specific these are the indicators that I currently have on my chart The first one is yellow line that you see here. This is my secret sauce This is the whole concept behind my trading strategy the VWAP trading strategy or momentum trade strategy This is what I use. So you see on my chart VWAP is always front and center and then underneath that you can see here I have my stochastic indicator and I'm gonna give you guys a little bit of background here This used to be my D and then replaced it with stochastic and that's what I've been using in the past I think it passed eight or nine months. So definitely if you want to go read and understand this is not a Kind of or a video to teach you guys how stochastic is calculated or how these indicators came about I'm just showing you these are the ones that I use if you want to learn how these Indicators are calculated or how they came about go to some place like Investopedia and read the details and they'll show you how these all these indicators are actually calculated If that's something that you are interested in so and they're underneath that I have my RSI and they're obviously Volume at the bottom so you can see I try to keep my indicators to the minimum and in this case I have four key indicators and again the the breakdown here is that VWAP to me as the very first one So when I'm when I'm trading if anything ever start my day trading again, I'm gonna emphasize This is day trade specific if anything is below VWAP. I don't trade I wait for an Opportunity so again below VWAP. I take my time. I pause I wait for it to get to the point where I feel Comfortable which is above VWAP because I'm trading momentum. So if it's above VWAP, I'm gonna be like, okay This is giving me an opportunity. I start looking at my entry point, but below VWAP. I'll wait for it So that is my secret sauce second is Stochastic and again, this is all in combination with volume down here Because if even if I get the right entry point or right set up and I don't see volume To my liking then you start to think twice because you can see some movements where price can spike Volume doesn't follow that might be a quick sign of a reversal just something to to be aware of So I have volume here alongside with my stochastic in RSI So stochastic basically just to give you guys The way I use it if you can see right here each time my K line crosses to the upside So if you see K line here is blue and my D line is yellow So just watch this each time K crosses to K line crosses to the upside or I'm in this case I'm gonna see the blue line crosses to the upside You can see an uptrend or again when it crosses to the downside you see a downtrend. So look right here We we come here K line crosses to the upside Look at that cross right there and the style gaps up up up it gets up here It is tied to consolidate and touches see it comes and pull back a little bit It crosses a little bit here look at that little move and it crosses to the downside We get that pull back all the way down here and then see again once it crosses again to the upside We have an uptrend going so that is exactly how I would start looking at that to see Where my entry point would be in a particular stock and again like I said, it's not just that Hey, when you see that you jump in sometimes you want to make sure that this Volume accompanying that so for me for the most part this particular stuff I add all these below the V-wrap. I would not even take the trade I would wait until I see some sort of a cross above V-wrap So like right here was this when it crosses V-wrap right here. That's how I'm gonna start looking for an opportunity So we can look for some other examples here. Let's see Mara here. So again, you can see here. I this all this below V-wrap It's not a good trade. This would have been a good spot to at least take a trade because it crosses V-wrap right here Give you a little bit of confirmation and you can see the volume down here really spiked You can pop it go in right this thing up to let's say that 3325 and then take profit because right here The tip right there is test across again case that crossing to the downside and see it pulls back So that's how I use stochastic and then obviously RSI shows you if the stock is oversold or over but so if you can see here have two levels in my RSI I have there 30 as well as the 70 so in this particular case if it's under 30 right here It means is oversold and if it's above 70 up here. It means is over But so that way you can also start gauging if it's oversold over but and at what point do you want to get in? Just kind of give you some kind of an indication right there. So again guys this again I'm showing you the indicators that I use I'm gonna show you guys in a separate video In this case, we're gonna use an example, which is gonna be a live video so that you guys can actually see When I go in when I get I go out and how I decide to go in and how I decide to go out Because I want to make that like a video that is just specific with an example so you guys can actually see it live So that's if you if you look into For a video like that that's coming But in this case, these are the indicators that you would add on your chart for me there for I keep it nice And simple and clean I don't want to over complicate stuff or over analyze stuff and end up making mistakes when I do Stuff like that when I go that route. So again, this is just my personal preference So again, that is how I set up my indicators. Those are the key indicators that I use again This is my personal preference It doesn't mean that you have to copy them exactly as they are you can try to copy them Practice learn do some combinations like I said and see where it works for you And if it doesn't work, don't use it use some simulators use paper trading to test and see that this is a strategy or this Indicators work in that same combination. So again, let me know in the comment section What you think what indicators do you currently use for day trading that I didn't include in this list or That are part of this list as well Okay, let me know in the comment section if you're new to the channel guys We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification belt So you don't miss out on your content. Also, if you're looking to get started with Investing we will has their promotion where if you sign up and deposit five dollars You get some free stocks links in the description and as always guys, do you do diligent? Don't be a greedy savage. See you motivated