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0524 (1)

0524 (1)

Ellie Mai

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The speaker shares about trading with multiple accounts, focusing on taking profits strategically. They analyze NASDAQ trading trends, noting a significant value gap and SMT fills. They discuss moving stops to break even and closing contracts at specific points. The goal is to secure profits and manage risks effectively in day trading. Even if we go all the way down now, I still secure some profits. Yeah, I do trade with like around 25 accounts. It does add up in the end, but that's besides the point. The point is you just want to take profits at logical places. Yes, it's not a lot of profit, but it pays the bills. All right, guys, this is my day trade on NASDAQ for today. Basically, we have a four hour value gap right here. And the middle line is the 50 percent line. NASDAQ closed below or went below the 50 percent line. While ES didn't, that is an SMT fill. So when I scale down to the lower time frame, what happens? As you can see here, NQ closed fully below the 50 percent line. While ES did not, that is another SMT fill. So stuff below the SMT fill low. Right now I can just already move it up to this protected low. Now we're going for London high. This is London high. And ideally, I'm taking one contract off here and letting the rest run most likely to previous days high. All right. And there is. The daily cycle high on ES, but not yet on NQ. I'm just going to manually close one contract on my other screen and put my stops to break even. So as soon as ES took London high, I don't wait for NASDAQ to hit London high. No, I just sell a contract. So risk free trade now.

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