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Day in the Life of a Millionaire Day Trader - YouTube

Channel: Live Traders

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[Music]

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a little bit tired but market's going to

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open in 30 minutes market doesn't wait

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for anybody thinking about my goals

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my top three priorities for the day

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making sure emotionally i'm in the place

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where i can trade the financial market

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taking a little time

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to myself this morning for five minutes

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then i'll head out get some coffee

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all right good morning so i'm just

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waking up now i'm gonna have a long

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commute to my office gonna get ready to

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work make a watches of stocks i'm gonna

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trade but first i need some coffee

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got to get that caffeine up before we

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start trading trading is a very mental

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game

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you need that caffeine i know people

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don't like caffeine but you got to get

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it in

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wait i thought that was a coffee maker

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well that's the cocktail machine that's

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for when you have a great trading day or

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sometimes a bad trading that you can

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drink your sorrows in there too but

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that's for later

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[Music]

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i know right long commute but i'm

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finally in my office now a lot of

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traffic on the way but we made it into

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work on time

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and now i'm just gonna start making a

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watch list so every morning you know

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there's different stocks moving

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different stocks are going to be trading

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so i usually come into my desk 30

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minutes before the market opens

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i make a list of stocks that i'm going

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to be focusing on that day and i'm going

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to be looking to trade that day

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so let me get to it market's about to

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open in 30 minutes i'm gonna start

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making a watch list

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all right so the market's going to open

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here any second i really like the stock

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plug

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i'm going to be focusing on that as my

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favorite off the open but now most

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importantly all we need is a pattern to

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get in we can't trade without a pattern

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so hopefully plugs just gives us a good

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pattern that we can catch a good trade

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[Music]

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all right so the markets are now open i

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just got into this plug

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at 3460. nice candle putting a green

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candle off the open so hopefully this

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trade can keep going for us

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so as i was talking about my favorite

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today was a stock call plug

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and that's the one we ended up trading

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today so i bought the stock at 34.60

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i was roughly risking about a thousand

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dollars so the trade didn't work and it

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came all the way down i would have lost

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a thousand bucks

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but in this case the trade ripped it

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went in our favor and we actually ended

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up making almost 3.7 times our money

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which basically means if you're risking

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a thousand dollars you should have

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roughly made about 3 700.

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as you can see here that's exactly what

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i ended up making about 36.78

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uh which was a for a good day's work so

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now let me show you

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what the reasoning behind the trade was

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what was the exact pattern

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that it ended up trading so as you can

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see here on the left

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this plug this was a resistance the

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stock tried to get above

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this 34 and it came all the way down to

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29.

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when again went up to 34 came all the

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way back down to 31.

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and did that like three or four times

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today it finally broke and got above

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that area

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and that's what made me want to trade

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this stock so then on the one minute

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chart what i noticed here

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as you can see right off the bat you had

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a candle that took the stock back down

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another candle that was at one point a

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full big red candle

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came all the way back down tested that

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area

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so what was once holding it as

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resistance actually ended up supporting

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the price now

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price bounces up you get a bottoming

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tail and i simply

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basically bought the stock right above

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this bottoming tail

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put my stop-loss at the low of the day

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so had i lost on this trade

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i would have lost a thousand dollars but

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in this case as you can see right after

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we got in the trade just ripped in our

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favor

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and then right over here i decided to

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take my profit because that was 3.7

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times our money and i think that was a

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good trade for

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literally holding it for less than 30

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minutes

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[Music]

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so i just found a new trade opportunity

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here in a stock called greenland it's a

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marijuana company it's setting up a

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really good pattern that i love to trade

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and i think it's a good trade

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opportunity here where we can make a few

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bucks so i'm gonna

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take this trade and send it out to our

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subscribers in our newsletter and

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hopefully they can get it as well

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so as you can see here this stock green

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lane has been below the moving averages

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below the 50 ma and the 21 ema for a

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while now it's the first time

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it's getting above those moving averages

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and also the 200 ma

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i think this stock probably goes to six

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dollars so i'm gonna go ahead and send

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this out to our subscribers here

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i'm gonna send out an email and a text

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message so that they see it regardless

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of where they're at

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so we're going to buy this stock at 440.

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our exit point if you're wrong is 410

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and if you're right the target is 625.

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so gonna go ready to send it out to our

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members here

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text and email all right so i just sent

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this trade alert out to all our

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subscribers

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hopefully they get in in time so they

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can jump on this trade with me so you

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know as a professional trader there's

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always good trading days and bad trading

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so today you got an example of a good

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trading day but not every day is like

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this some days

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things are not going to work some days

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you're going to take your losses and you

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have to be okay with that right

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but in this case the plug trade worked

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really really well and now what i'm

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going to do is i'm going to hop into our

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chat room

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where we have a lot of students a lot of

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members that trade with me every single

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day

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and every single day i try to give them

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a review of why i traded what i traded

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right what was the reasoning behind it

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so they can actually

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learn while they're earning inside the

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chat room so i'm going to hop into the

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chat room

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i'm going to teach some of my traders

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feel free to listen in you're tempted to

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buy the 155

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puts on nike nike call options there's

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165

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calls that you could sell for

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27 cents or 160 250

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but um again it's not that much of a

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premium to justify that trade

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if i decide i want to place an option on

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a stock moving up how do i decide which

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call to buy

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usually the best rule of thumb is by one

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to two strikes in the money

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and if it's a day trade go for a weekly

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option if it's a swing trade

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go for monthly options do you ever buy a

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stock and then take a put for the same

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stock why would i do that

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because put is betting against the stock

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and then buying a stock is betting that

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it goes higher yeah you're just capping

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your gains there's no point in doing

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that you might as well take

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less shares long then try to hedge it

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with

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a put i know there's a lot of people who

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like to recommend these strategies with

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fancy options

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i personally think that all these people

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who do these spreads these options these

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fancy like strategies they don't know

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what their stock is going so they're

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trying to like

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do everything with the hopes that they

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make a little bit right but obviously if

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you're if you know technical analysis

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you know where the stock is going

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there's no reason

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to protect you just take less amount of

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shares and have them hit your target

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right look at the markets today guys

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like we we made money

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today on a day where look what the

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markets have done

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this is where the markets open today

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right at 9 30.

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it's almost 12 o'clock look where the

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markets are at hope you guys have an

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awesome one hope you guys made money on

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the plug today

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type in one in the chat if you guys made

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money on

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plug good good good look at that awesome

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awesome everybody

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i'll see you guys tomorrow have a great

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one take care

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what happened the the trade we were just

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recording on that video

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yeah um so it's already up 1500 bucks

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and we just spoke about it a few minutes

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ago

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this is where we sent it out at 4.40

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cents

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and boom it's at 470 in no time

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[Music]

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oftentimes when people come into trading

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they want to learn trading they

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are hesitant right they have things that

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are holding them back and rightly so i

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mean it's hard-earned money right you

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worked for it they probably had another

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job

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and they had to do a lot of things to

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gain that money to trade in the first

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place

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so it's okay if you're you know hesitant

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you don't trust it

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perfectly fine but with the right

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process it could actually be done so you

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know oftentimes

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people will come to me and say hey you

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know but online it says

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80 of the traders lose money that

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traders don't make money or trading is

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gambling

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but what they forget is that in that

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statistic

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they have counted pretty much everybody

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who opens an account and pushes the

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button as a trader

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but that's not what a professional

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trader is a professional trader has

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strategy very specific criteria

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has very specific entry and exit points

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and actually has a method to his madness

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that has been tested over and over so if

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you actually do the math and count how

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many of those traders who've gone

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through education make money 80

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of people actually end up making money

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[Music]

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all right so today we're just out here

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at a dock in new york checking out some

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different boats and different yachts we

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have upcoming events so we're just

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seeing which of these boats could fit

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for this event i think i like this one

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so i think this might work for our party

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that's coming up so as traders as i said

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earlier

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work hard play hard this is a great way

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to meet a lot of new people

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network with a lot of people and build

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some great connections along the way if

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you're working at an office

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you probably end the work day go get

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some drinks with some colleagues

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training is different right your

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colleagues are the people in the chat

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room your colleagues are the people

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part of the newsletter your same student

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peers so to have

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a social circle as well as have

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networking events you got to make it

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happen

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you can't rely on colleagues there is

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none you're by yourself as a trader

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you're a business owner you're an

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entrepreneur beautiful day out here

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checking out these different boats and i

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think this might be the perfect one for

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our party coming up

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this is probably going to be for our

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next event it's going to be much bigger

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let me show you this bull from the

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inside it's literally like a freaking

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nightclub we got the bar

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set up right here i mean you could

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probably fit what 200 people here it's

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definitely too big for what we're trying

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to do for the upcoming event

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but i think i have a great idea what we

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can potentially do here for our next

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event

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all we need is a stripper pole yeah it's

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like a freaking nightclub like you got

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the chairs you got tables

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you got the bar they got the vip rope

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tip for the table

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you get a dance floor you can get one of

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those stripper poles that attaches up

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there

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[Music]

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you

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[Laughter]

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what do you guys think i think that one

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worked out well right perfect

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yeah i like the vision we got here no

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definitely check it out

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have one of the best events this summer

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for sure no

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thank you for a little ride right now

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all right let's do it

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[Music]

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all right so we just checked out a few

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boats today uh some of them were a

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little too big

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some of them were a little too small but

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i think we found the perfect size

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so the big one probably we could use for

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a bigger party but this is more of an

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intimate gathering on a smaller boat

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so today you got a little glimpse of how

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my day went now every day is a little

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bit different the day

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started off with me waking up at nine

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o'clock making my watch list market

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opens at 9 30 we took that plug trade

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made some money on it taught some of our

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students in our chat room sent out some

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newsletters and then as you guys saw we

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went out

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check some boats out for our upcoming

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event and all this in only a few hours

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it's only three o'clock

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most people are still stuck at work

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maybe they're taking their little coffee

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break a little lunch break

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and guess what it's probably going to be

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another four hours till they get back

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home

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so trading if you do it right can give

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you that lifestyle

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now you're not gonna get that lifestyle

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from day one that's what all the

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marketers want you to think right you're

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not gonna get that lifestyle from day

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one but if you

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listen if you pay attention if you have

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an open mind you have the willingness to

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learn

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you too can have this lifestyle this

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isn't a pipe dream right ask a kid i

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mean this kid came from india

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right had no mentors you know no real

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money behind it but i made it happen

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so i'm not saying that again to impress

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you or anything like that i'm just

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saying that it's possible for you as

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well

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hope you enjoyed this video if you want

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