Best day trading strat by far

[bournetrades]

10AM Powell model on NQ1!

Average rr: 1:5

Winrate up to 50% if you understand high probability market conditions

Wait for 10am new york time candle to open and a wick into a pd array, then distribution in the other direction, closing past the 10am open level.

Then wait for price to distribute past 10am enough so that the ote of the range lines up close to the 10am open level

Limit order on 10am open with stop behind the manipulation, between 5-25 pts, and tp at htf pd array

Spoiler: video guides

Ill clarify if anyone has questions

 

[softmaxmike]

is trading worth it my brother did a few college classes in eco and finance but when i said should i trade he said no its like gambling you rarely win lmk

 

[bournetrades]

is trading worth it my brother did a few college classes in eco and finance but when i said should i trade he said no its like gambling you rarely win lmk

Yes but it takes a really long time to get smart enough to not take bad trades

Its more about knowing when not to take a trade

College finance also doesn't teach you much about actual day trading imo

 

[softmaxmike]

Yes but it takes a really long time to get smart enough to not take bad trades

Its more about knowing when not to take a trade

College finance also doesn't teach you much about actual day trading imo

any reconmendations ik tjr but i heard that nigga sucks

 

[bournetrades]

any reconmendations ik tjr but i heard that nigga sucks

Tjr is a good place to start for the general knowledge of things

Powell has the best tech for strategy imo but i havent been getting good entries recently

 

[softmaxmike]

Tjr is a good place to start for the general knowledge of things

Powell has the best tech for strategy imo but i havent been getting good entries recently

thanks also how can i trade at 15 any guides i think you have to be eighteen or somth

 

[bournetrades]

thanks also how can i trade at 15 any guides i think you have to be eighteen or somth

Im 17 and i started at 16, you can do it under your parent's SSN on prop firms but i would recommend paper trading for at least 6 months before real money because it will psychologically destroy you

Its genuinely the hardest thing ive ever done but I think anyone can do it if they want it bad enough

 

[softmaxmike]

Im 17 and i started at 16, you can do it under your parent's SSN on prop firms but i would recommend paper trading for at least 6 months before real money because it will psychologically destroy you

Its genuinely the hardest thing ive ever done but I think anyone can do it if they want it bad enough

is paper trading like fake money and just looking for patterns also where do you trade sorry im so new to this topic

 

[Caped Crusader]

Buy High Sell Low

 

[Magnus]

10AM Powell model on NQ1!

Average rr: 1:5

Winrate up to 50% if you understand high probability market conditions

Wait for 10am new york time candle to open and a wick into a pd array, then distribution in the other direction, closing past the 10am open level.

Then wait for price to distribute past 10am enough so that the ote of the range lines up close to the 10am open level

Limit order on 10am open with stop behind the manipulation, between 5-25 pts, and tp at htf pd array

Spoiler: video guides

Ill clarify if anyone has questions

Too risky

 

[bournetrades]

is paper trading like fake money and just looking for patterns also where do you trade sorry im so new to this topic

Paper trading is fake money, I trade on tradingview, you can learn how to set all it up on youtube

 

[iheartgoyslop]

Used to try and do this when i was like 13 but got angry that I couldnt make money…maybe I should retry it. I’m pretty interested in making money at this point in my life so maybe I’ll actually have motivation.

 

[Foidmaxxer]

Have you actually backtested that rr