Summary of August 26th! Let's Start The Week Right! Juicy Plans!
Key Lifestyle Tips and Trading Advice:
- Market Analysis:
- Keep track of value area highs and lows to identify trading opportunities.
- Watch for significant levels (e.g., 63, 67) to determine potential support or resistance.
- Use volume-based candles for better insights into market trends and divergences.
- Trading Strategies:
- Consider shorting level by level rather than making large, risky trades.
- Look for "swing fail" patterns as indicators for entering or exiting trades.
- Understand and identify who is "trapped" in trades (e.g., longs or shorts) to anticipate market movements.
- Psychological and Educational Tips:
- Maintain patience and emotional control when trading.
- Continuously educate yourself on trading concepts (e.g., swing failure patterns, volume point of control).
- Keep detailed notes to improve memory and understanding of past trades.
- Practical Steps:
- Identify levels of interest and be prepared for both bullish and bearish scenarios.
- Use stop-loss orders to protect your investments and avoid being caught in unfavorable positions.
- Anticipate market movements rather than reacting to them.
Notable Locations and Products:
Speakers:
- The video features a speaker known as "Kima," who engages with the audience and encourages them to ask questions and share insights.
Overall, the video emphasizes the importance of preparation, understanding market dynamics, and maintaining a disciplined approach to trading.
Notable Quotes
— 18:45 — « It'd be hella funny if it makes like a megaphone, you know, going into GDP and PCE too. »
— 19:11 — « Can you believe it, Kima? I got round tripped on my [__] 65 short. »
— 19:35 — « If everyone getting spanked, good idea to wait for the 65 swing fail. »
— 20:30 — « A failed auction is almost out of the question; it's got to be a swing fail pattern. »
— 24:01 — « Do not be in with these [__] guys. »
Category
Lifestyle