The Only Strategy I'd Use If I Had To Make $300/Day Trading

After 7 years of trading, I've come to one conclusion. The strategies that make the most money are usually the simplest. While most traders are chasing a buy and sell indicator, drawing thousands of lines on a chart, and over complicating everything, I trade using a simple three-step process that takes me about 60 to 90 minutes a day. The setup is repeatable, tells me where to enter, where to manage risk, and where the markets are most likely headed. This exact strategy has helped me generate consistent profits and scale my trading over time. And today, I'm going to break down the entire process step by step. Whether you're a complete beginner with minimal capital or experienced trader looking to find consistency, this video will show you exactly how I approach the markets every day. So, you see my results here on the screen, and this is my current month-to-day P&L. But here's the truth that most traders won't tell you. No matter what your goal is in trading, if you want to make 10, 50, $100, or $1,000 per day, every trader wants to know how to make consistent money in the markets. And that's exactly what I'm about to explain in today's video. And first we have to understand and ask ourselves why do most traders lose money in trading. And most traders are stuck in a vicious cycle. They get into trading because they want to make money. They think it's a get-richquick system. And they soon realize that trading is fairly difficult. So they'll make money, they'll lose money, and then they'll make money once again. And they do the same things over and over again. They might see a little bit of consistency. They might be break even traders or you might be a complete losing trader. But overall like to see a little bit more success since you're putting in time, effort, and money. And it took me years of losing to understand this. Simplicity equals profitability. And let me explain. There's so many different trading strategies in the markets. You have Fibonacci, candlesticks, price action ICT SMC bounces rejections. There's so many different trading strategies and systems. And you might be very confused. You might also have too many indicators plastered all over your chart. You might have the MACD, the RSI, the Ballinger bands, and your chart looks something like this, where it's so clustered and you have no clue what you're looking at. And what they don't have is a proven strategy and system. And there's only one way to become profitable long term, and that is having a trading system where you have an edge in the markets, where you're producing a positive expectancy in the long term. And the trading system that I'm about to share with you today is simple, repeatable, and mechanical. And it's a three-step trading system that I want to share with you guys today. And what it's primarily focused on is three things. Number one, the direction of the markets and where it's most likely headed. number two, the location, where you're going to be placing trades from, and three, the entry, and how to manage your position. So, with that being said, let's hop straight into the charts to show you guys exactly how to execute this strategy in real time. So, as you can see, I'm currently on the Trading View charts, and the first thing that I'm going to talk about is the direction. When we're focusing on the direction of the markets, what we want to go on here is to the daily chart. And there's really two things that we're looking for. Number one, how strong of a trend we're in. And there's really three things that we can be looking for in terms of direction. Is the market going up? Is it going sideways? Or is it going down? These are the only three scenarios that the markets can do. And what we really want to be focusing on is trending markets. So uptrends and downtrends, or if the market is just consolidated. So, as you can see right here, what we have is AMD. We're on the daily time frame and we can clearly see that we're in an uptrend. As you can see, we're building up higher highs, higher lows, higher highs, higher lows, and we're having this really solid push towards the upside. Just based off this chart right here, we can clearly see that we're in an uptrend. What are some other things that we can use to determine how strong of an uptrend that we're in? Simply using two indicators. What I have marked out is the 9 EMA along with the 21 EMA. So, if I go on to the left hand side, what I have is two EMAs pulled up. These are moving averages that we can use to determine how strong of a trend we're in in the markets. If we're above these EMAs, that means we're bullish. As you can see, we're currently above the 9 and we're above the 21. So, that means we're bullish in the markets. What's a good example of the markets being in more so of a consolidation market or even a potentially a downtrend? As you can see, we're on Nvidia on the daily time frame. Right now, we're currently underneath the EMAs. We're underneath the 9, underneath the 21. So this market is more so consolidation. So what does this mean? If we can understand the markets are trending, something like AMD, that means we want to trade price towards the upside. Names like this are going to be a lot easier to trade when the markets are moving higher compared to something like Nvidia where it's consolidating and we're actually a little bit more weaker, right? We'd much rather not trade Nvidia or potentially even look for short positions. So based off this information, we understand how strong of a trend that we're in, which is identifying the direction of the markets. So now that we understand the direction of the markets, let's now talk about the location in where we want to be placing trades. We can go down onto the hourly time frame or the 15-minute to now mark out key levels. So, if we're looking at AMD currently, you can see that if we were to place trades in the markets, what are some key levels of basic support and resistance? As you can see here for AMD, this level right here, 510, is a very key level support. You can see price bounces off support, bounces once again, nice push higher, another bounce, another bounce, and markets are bouncing and respecting this level very nicely. What does this mean? This means that we can use this level and draw it out and use it as a potential buying opportunity. Every single time it comes down, we can be looking to buy for a trade back, of course, towards the upside. And if we're to mark out a general range towards the upside, right, we can mark out a couple other key levels, right? 550. You can see price comes up, rejects, price comes back up once again, rejects, and as you can see right here, rejects once more. So right here you can clearly see that these are the areas that we want to be focusing on in the markets to look for trading opportunities around. We want to do this on the lower time frames as I mentioned and we can look back at the past 3 to five sessions or the most recent price action that we have. So now with this being said you can see every time price comes down into our key technical level you can see we have nice buyers stepping in. So for our entry model in this case, we really want to be looking for a couple scenarios, right? Every single time AMD comes back down, we can be looking for a potential mean reversion trade. As you can see, price comes down here, we can look for buyers to step in and for a push back towards the upside, right? Of course, if we wanted to start trending, we could be looking for the break above retest continuation above our 550 once it broke above that level. So all we're doing is looking at key levels of support and resistance. If we want to see a trend in the markets, we like to see a break outside this consolidation and a push towards the upside. If the markets want to maintain inside the range, then we can be looking for rejections. And we can also look for bounces for a move back inside of the range. So, there's a couple different things that we can be looking for every single day. And that's really dependent on how strong of a trend that we're in in the market. If we're trending, we're going to be looking for continuation. If we're ranging, then we're going to be looking for more bounces and rejections. So, as you can see, we're currently on my first example. We're on the daily time frame here on Western Digital. And as you can see, what we're going to keep an eye on is the past 20 to 40 sessions. This gives us the most recent price action on the daily chart. And if we look at the past 20 to 40 sessions, you can clearly see that we're in an uptrend in the markets. As for WDC, we're making higher highs, right? We're creating higher lows and we're having this nice uptrend. And the market structure here is bullish. Once we understand that, now let's go on to the lower time frames. So, now that we're on the lower time frames, I'm currently on the 15minute chart here. What are some of the key levels and what is the location that I can have marked out? What I'm going to have marked out here is simply the previous day highs. If we can break above our previous day highs, hold our previous day highs, then we can be looking for continuation towards the upside. So, this is the exact level I can have marked out. And now we can go on to the lower time frames. So, as you can see right here on WDC, we end up having a nice push down in towards our previous day highs. So far, we're holding that level. This right here, if you wanted to take an aggressive entry, you can be looking for a push back towards the upside with a stop just to break below. In this case, we can also keep an eye out on our 5minute range here as well. So, as you can see right here for WDC, buyers are stepping in nicely right off this level. This is where we can go looking in long. Stop loss can be all the way a break back underneath that fivem minute range high. And now what we can look to target is a fixed one to two riskreward in this case just to make it nice and easy. So as you can see right there on WDC, we end up having some nice buyers stepping in right off our key technical level. Nice push all the way towards the upside here on this name. And that was a great way of understanding and combining the three steps together. Starting off with the direction, then we have the location, and then we have the entry. Now, let's go on to another example that we have. So, as you can see, I'm currently on my next example here, which is on MU. We're on the daily time frame. And as you can see, if we're look at the past 20 to 40 sessions once again, we are very bullish on this name. We're creating higher lows, higher highs, higher lows. We're above the 9 and 21 EMA. And as you can see, what we're currently forming here is what's called a cup. And we have an inside bar day. You can also consider this a mini daily flag pattern, a cup and handle. And regardless, we are bullish. And what we're looking for is continuation towards the upside here. Of course, right now, what I'm on is the 15minut time frame. And some of the levels that we can have marked out here on MU, of course, is going to be our previous day highs. What I'd like to see coming into today is the break and retest of our previous day highs, a hold above this level for a continue push back towards the upside. So this is the exact level that we can have marked out. And now we can go onto the lower time frames. So as you can see here for MU, we end up having a nice pop coming to market open. We're coming back down in towards our previous day highs here. Of course, if we look at this on the 5m minute time frame as well, we have a nice three bar pattern forming above our previous day highs. What we can go look for is of course a long position here on MU with a stop at low of day. And now we can look to target high of day plus continuation back towards the upside. In this case, we can target a fixed 1 to2 as I mentioned just to make it nice and easy. We can also look to target higher time frame key levels as well. And as you can see right there on MU, we end up having that nice bounce that we talked about right off that previous day highs. And it took a little bit longer, but really solid push up in towards our key targets. If you're looking at this one from a higher time frame perspective, you can clearly see that this level of resistance turned into support and we end up having that nice push back up in towards high of day and of course above. Now, let's go on to another example that we have for us today. Okay, we're on my next example here on the SPY chart. If we're on the daily time frame, we're going to look at the past 20 to 40 sessions here. And right here, as you can see, we had a nice push towards the upside. We end up having a nice break underneath these EMAs. Now, you can see we're having a bounce and we're kind of more so consolidating within the past 20 to 40 sessions. As you can see, the EMAs are starting to try to flip here as well. We're underneath the 9 and 21 on SPY. So I consider us for the direction more neutral/consolidation. Now let's go on to the lower time frames. So coming into market open, as you can see what we're now going to have marked out as for the location, we're going to mark out our previous day highs and previous day lows. These are going to be the key technical areas that we're going to keep an eye out for spy. If we want to see some upside above our previous day highs or the potential bounce play. If you want to see a rejection, we can see a potential previous day high rejection or shorts underneath our previous day lows. Let's play out the tape. So, as you can see here for the spy, right off the bat, we kind of just consolidated and now we're having this push up in towards our previous day highs. So, what we like to see here, right, the market's more so in consolidation/ neutral. If we want to see some upside, the break above our previous day highs is in play. If we reject, we can potentially look for a short back towards the downside. So as you can see here for the spy, we're now getting this fiveminute rejection. We have this three bar pattern right here as well. We end up closing bare. So we can actually look to take this back towards the downside. Stop can be a break above high of day. And now what we can look to target is a push back down inside the middle of the range. And of course we can also look to target all the way back down in towards low of day here as well. In this case, let's target a fixed one to two risk-to-reward ratio just to make it nice and easy for us. And as you can see right there on SPY, we're getting this nice rejection here off our previous day highs. We come back once again, but we held underneath our previous day highs. Took a little bit longer to develop, but you can see we end up having this nice reversal in the markets. In this case, this was more so of a reversal trade. not something that I typically trade just because it's a lot easier in my opinion to trade continuations. If you do trade reversals, that's perfectly fine as well. You can see this trade would have ended up playing out nicely down in towards the middle of the range and eventually we can target that previous day lows here as well. But just understand that's more so based off the context and if the market is of course ranging on the higher time frames. And with that being said, I hope you guys enjoyed the video today. If you did, appreciate if you guys drop a like and sub. And I'll see you guys next week for a brand new video.