Booked $40,000 Again Live on YouTube ✅ #trading #gold #forex #crypto #stockmarket
Booming Bulls • 1 day ago
What This Video Is About
This video is about a trading strategy in the market, where the speaker emphasizes the importance of being smart and active to make money. The speaker proposes a plan for a long trade in Radg and demonstrates how to recover from losses.
Major Ideas Discussed
- The initial step in the trade is to go on the high break, with a buy order executed around $10,500, considered a pretty trade.
- The method of recovering from a losing trade is demonstrated, with being smart and active in the market being key to making money.
- Due to the market's potential to turn at any time, scalping is chosen as the strategy for the day, with the goal of avoiding going into a loss.
- A decision is made to execute the last trade with five lots, with levels marked to determine the next steps, including selling if the price goes below the marked level or if a green candle confirms a sell below the level.
- A significant profit is made, starting at $16,000, with the high broken, leading to the decision to book the profit, and a total of $24,000 is made, with $12,000 booked.
What to Watch Next
The speaker believes it is essential to monitor the market's potential to turn at any time and to be smart and active in making trading decisions.