Two Golden Rules for Trading Futures to Make Money 5 Days a Week

Brief Summary

This video discusses essential lessons for futures traders, emphasising the importance of finding a trading system that works for you and avoiding the allure of quick-rich schemes. It highlights the psychological barriers traders face and stresses the need for hard work and patience in building an account. The video introduces two key trading rules: avoiding indicator overload and trading with the correct capital size, advocating for a focus on price action and market structure.

  • Find a trading system that works for you
  • Avoid indicator overload
  • Trade with the correct capital size
  • Focus on price action and market structure

Introduction: The Realities of Trading

The video addresses both experienced and novice traders, acknowledging the struggles many face, such as blowing through accounts and searching for foolproof strategies. It points out that psychological barriers affect most traders, leading to issues like fear, greed, overtrading, and revenge trading. The speaker aims to share lessons to help traders understand when to stop, find a suitable system, and achieve consistent profitability. He cautions against falling for flashy promises of overnight success and stresses the importance of hard work in making any trading system effective.

Building a Foundation for Success

The speaker advises beginner traders to take their time building their accounts, especially when capital is limited. He suggests starting with micro contracts. He emphasises that finding a strategy or system that aligns with one's trading style and personality is crucial. The speaker shares his early struggles, highlighting the importance of mastering market structure and price action to achieve consistent profitability in futures trading. He encourages viewers to ignore the "gurus" pushing unrealistic expectations and focus on genuine learning and understanding.

The Value of Genuine Content and Learning

The speaker asserts that his video content aims to genuinely help people by providing a strategy and system that works. He mentions a Discord community and a private community with successful traders, offering opportunities for further learning. He clarifies that his intention is not to exploit viewers financially but to simplify trading and make it accessible. He discourages constantly switching between channels in search of signal alerts, advocating instead for learning a strategy that enables self-sufficiency.

Trading Rule #1: Simplicity and Price Action

The first trading rule is to avoid overloading oneself with numerous indicators. The speaker advocates for using a naked chart, focusing on mastering market structure and price action. He explains that understanding these concepts is key to identifying trading direction and opportunities. He describes his simple strategy based on supply and demand, identifying key zones where institutions are making moves and trading in alignment with them. While he uses the volume profile indicator, he stresses that price action is paramount.

The Power of Price Action and Market Structure

The speaker elaborates on why he favours volume and price action over lagging indicators like MACD and RSI. He stresses that volume is essential for understanding market momentum. He reiterates that price action, coupled with market structure, is the "holy grail" for successful trading, enabling him to trade independently and profitably. He shares his personal journey of overcoming initial struggles by focusing on these core concepts, which allowed him to leave his 9-to-5 job and trade for himself.

Trading Rule #2: Capital Management and Risk

The second rule involves knowing the correct amount of capital to trade with. The speaker advises beginner traders to start with demo accounts and then transition to micro contracts. He recommends a 5-6% risk parameter, never trading more than this percentage of the account. He explains how scaling up gradually as the account grows, while maintaining the same risk percentage, can lead to significant gains over time.

Growing Your Account and Avoiding Pitfalls

The speaker advises against depositing large sums into a brokerage account without experience. He contrasts trading with personal accounts versus prop firm funded accounts, noting the challenges of adhering to prop firms' rules. He suggests that traders using prop firms should use their profits to build their own personal accounts for greater success.

Recap of Key Rules and Community Invitation

The speaker summarises the two key rules: avoiding indicator overload and using the right capital size. He encourages viewers to gain experience with naked charts and to grow their accounts at a steady pace, adhering to a 5-6% risk parameter. He invites viewers to explore the channel's videos and join the free Discord community. He also mentions the option to become an elite member for more in-depth content, including trade breakdowns and live trading sessions.

Elite Membership Benefits and Closing Remarks

The speaker details the benefits of the Ultra Elite membership, including trade breakdown videos, a video playlist, market structure videos, live recorded trading sessions, and market recap videos, all for a monthly fee. He encourages viewers to subscribe to the channel, turn on notifications, and like the video if it was helpful. He concludes by inviting viewers to leave comments about their trading strategies and any struggles they are facing.

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Transcript

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0:00 Now, how many of you have been trading for a period of time? Or maybe some of you have just started trading and you're already blowing through account after account after account. Maybe you've you've went from one channel to the next channel. You're scouring the internet trying to find a holy grail or a system that may work to where you can become profitable or cons um you know consistent. All right. Now, the issue with most traders is that 90% or more are affected by um some means of psychological barrier. Okay. And that's something that you have to work, you know, from on the inside and figure out yourself. Uh it could be fear. It could be the fact is that you uh have a greed issue. Uh you overtrade or revenge trade, whatever that may be. But what I

0:45 want to talk about today is the lessons that uh most traders out here need to really understand and kind of know when to shut it off and and and find something that really works for you. And what I want to say is finding a system or strategy, a program um or a plan, trading plan that works for you so that you can become consistently profitable. Stop falling for all the glitz and glamour out there that you see across the internet, people flashing, you know, big homes and cars and saying that how you can make a $100,000 or a million dollars overnight by doing this, following the strategy. You have to put in the real hard work if you want to make this system or any strategy as a whole when it comes to trading futures. Um, make it work, right? And I talk

1:30 about taking baby steps in so many different videos, okay? Yeah. I talk about making how you can make $500 a day or $1,000 a day, but that only comes with time of building up your account. If you're a beginner trader, someone out there watching right now, I know we have a variety of different traders probably watching this video, mostly probably inexperienced, but take your time in building your account, especially if you have or you're limited with the amount of capital. Um, trade the micro starting off with. Okay. Now, when it comes to strategies or systems, you're going to have to find something that works. All right? I'm not bashing or saying anyone else's program or strategy out there u they don't work and maybe your style or the personality of who you are may you know uh a certain system or strategy may

2:16 work for you versus someone else because my perspective of how I trade or the way that I actually trade may not work for every single person but it may work for a lot of other individuals just as well. So you have to find something that works for you. Okay. I remember when I first started that the first two years I struggled. I was up and down in profits, losing trades, making money. It was a vicious cycle to where at the end I really wasn't making anything at all. I'm sure a lot of you probably have uh experienced that just as well because this is tough stuff. And you know, you'll find in time that the true way to actually trade is understanding. I'm telling you this is from a neck chart. That's where I went back to my roots and I started there and I figured out what I was doing wrong. Being able to master that one concept what I always talk about market structure price action

3:04 those two coupled together will make you or help you become a uh proven consistent daily profitable day trader as well especially in the future markets. Okay. So stop following those so-called g gurus out there that are just pushing all the fancy stuff and and flashing it in front of your eyes and saying making you feel like you can obtain that over overnight. All right. Lots of them probably aren't traders at all. They're simply just making video content, uh, getting the views. I'm not all about the views. I'm not about really trying to help individuals out here out and providing and making this video content. That's why I make so much of it, video content, because the strategy and system, how I I trade it works. We have consistent and profitable traders that are part of the Discord community, part of the private

3:49 community, who are are also ultra elite members as well, uh, or elite members, which you can join that if you choose to. The link is down in the description. Uh, so the video content, I'm not out here to, you know, dig into anyone's pockets and start charging, you know, 70, $80, $100,000 uh, for a program or or for a trading uh, system or anything like that. I'm simply just trying to make video content that works and helps and reaches out to the masses of people to show them that trading is hard, but it can become simple uh and easier along the way. Okay. Also, what I want to say this too, a lot of you are just flipping from channel to channel to channel or from outlet to outlet uh trying to look for uh signal alert groups, I guess you call

4:35 them. I don't do that here. I'm not here to um you know hold someone's hand in the sense of giving them the answer. I'm here to show you a way so that you can basically feed yourself in the end and help yourself out because there's no greater means if you know if I sit here and I just provide you all the signals, all the zones where I take my trades from, how is that going to help you in the end? You have to learn just the same way you did when you were are a child coming up going through, you know, primary to secondary school. Some of you probably furthered your education just as well. You've got to learn something to become something, right? And to go and that's the way where that's what you need to get to where you want to be, right? Simply giving things out or looking for opportunity with someone just providing you a say a honey hole in

5:22 a sense to where they're just constantly shooting things or signals out to you. I mean, if you want to pay for that, that's up to you. More than likely, they're not probably always going to work. Maybe 60% 50% of the time. Not sure. But I'm I'm here to stress a strategy and talk about how I personally trade a system that works if you consistently know how to trade it. And it doesn't take a lot or or involves a lot in doing so. But that video today is not about the strategy. Okay? I'm here to talk about two trading rules that really will transform you as a person. Okay? uh one in which can help you become a profitable futures trader just as well. Okay, so what I want to say is this. All right. Don't overload yourself number one with a lot, this is rule number one, a lot of different trading

6:08 indicators. And in all honesty, I'm going to tell you this right now. If you go and use a neaked chart, when I say that, nothing on it at all. Understanding mastering market structure and understanding the concept of price action. That is the key to this all. That's what's going to help you see which way and know which way you should be trading and help you understand, you know, what type of trades you should be taking. I trade a simple, you know, um, strategy all surrounding supply and demand. And what is that? Looking for key zones or levels where the market is making aggressive or has having lots of momentum or aggressive buying or selling to the upside or downside. Okay, that's what we're looking for. That's what price action is. We're looking for on the charts where the banks institutions are making their moves and we want to trade with them, not against them. Okay,

6:54 that's step one or rule number one there when it comes to the trading rule that governs the way I trade and which helped me transform and change my whole mindset and the way that I look at things now. Now, uh you can do that just as well simply by putting in the work is what I want to try to say. Okay. So, again, you don't need a bunch of indicators. The only indicator that I actually use is the volume profile. I talk about that here a lot on the channel. Have multiple videos surrounding it. you know, talk about buying the lows and selling the highs. All right? At a particular zone. I don't just jump into a trade, you know, looking at here the volume profile. I'm looking, say, for example, like right here where there's a nice area of supply yet. I'm looking to see is the market pulling back on a retracement to this zone here, which is

7:40 a supply zone, aggressive selling, we're bearish to the downside, and I'm looking to take a trade. I said sell the highs right above an area of a high volume node to take a trade going back down. Okay, that's what I'm talking about. You don't need all the MACDs and RSIs, all those various tools that, you know, uh, programmers or companies create to try to get you to one, buy into the platform, or two, buy something that you can merge in or import in that other thirdparty companies are using. I'm not saying that they don't work, but one thing I'm going to tell you about them, they do lag. They move way behind price, and you will see that the more that you become experienced and spend time on the actual charts. I know as a beginner trader, you might not quite understand it or believe it, but when you spend time on those charts, you'll see, wow,

8:25 price has already moved and made this move and the indicator hasn't moved quite yet at all. That's why I use volume. Volume is everything. Because without volume, the market isn't pushing. It isn't driving. And without volume, we cannot trade it because we have we're trading in the dark without volume. Okay? Now, do I need the volume profile? No. Because price action is king. It is the number one rule is what governs again the way that I actually trade. I can simply look at structure and understand what the market is doing. Following price action again will help me get into the type of trades that I need to get into. So, if you're truly looking for what most of you are out there scouring the internet for a holy grail indicator that's going to help you out, it's going to be price action. Okay? Yeah, it's not one that you can purchase or add to your chart. Simply price action is your indicator that's

9:11 going to help you become successful. All right? Coupling that with price uh with market structure. Okay? So, so as I mentioned, my first two years I I struggled with, you know, trading, okay? Especially, you know, the future markets. But when I figured out how to truly trade, just simply understanding and mastering the concept of of price action and market structure, I no longer had to go work a 9-to-five job ever again. I worked now for myself for the last 12 years and consistently profitable in doing so. And this is the reason why uh several years ago when I started this channel um I told myself that I wanted to do it for one reason only and was to share something that would hopefully transform or uh help people further you know in their own life. You know provide a means to where

9:57 they could uh possibly have an outlet to make additional income or possibly shift from working uh and starting a business of their own and becoming their own boss and be able to do so and spend more time with their families. and you can work you know wherever you are at or choose to be at across across the world. So this is what has helped me transform and this is what has helped me not have to go back to a nineto-five job boss. I mean this is what trading futures uh allows you. Okay. But there's a lot to learn to it. Of course you already know that um you have to understand you know how to read these charts correctly. Um the markets move differently depending on the actual market. But if you again if you understand market structure and can read price action then you can trade any particular market. I'll say that now. Now uh price action is extremely

10:43 important. Why? Because the fact is is that if you don't understand how to follow it, then how are you going to know, you know, what setups to take, what zones or levels to actually trade from, how to be able to read the sentiment or the uh volume or momentum with within the market. You if you're looking for the market, you see how you going to know when it shifts, how you going to know if we're moving in a bullish direction or a bearish direction. So, you just can't take trades on to, oh, the market's pulling back. Let me take a trade going short. All right? You have to know what you're looking at and where to from the moment that you want to take a trade or area you want to take a trade from where to take it to. Okay. So, let's go on to the next uh rule that I want to talk about here on the channel that has really helped you know shift and change my mindset uh when it comes to trading futures and why um this has worked out

11:30 for me. All right. So, the second rule is going to be you know knowing the correct amount to trade with. Okay. meaning um should I be trading with one contract, two contracts, uh or also should I be trading the micros or e- minis? Now, if you're a beginner trader, no experience, you're just starting off, definitely be demoing, simulating until you can app prove yourself that you can be consistent, then move forward and I would trade definitely the micros. Okay? Now, I'm not here to tell anyone what to do with their capital and what to trade or and and how much to trade. But I'm just telling you, if you really want to grow an account, whether it's a small account or a large size account and you don't have much experience, definitely start with the micro so you can prove yourself because the difference of going and trading and demoing simulation to switching over, trading live. Okay,

12:15 major difference. Okay, not just that, but the whole psychological aspect of it, the green light turns on because now you got real money on the line. All right. So, uh trading micros is the best way to do it because if you can prove yourself that you are u in demo simulation consistent and just as well trading with live money uh trading micros then you can move on to the you know the bigger um opportunities like the e- minis. All right. Now when it comes to the um size that a person should actually be trading I always talk about like a 5 to 6% rule you know as far as having uh using that as a risk parameter. never trading more than five to six% of your actual account. All right, that'll help you stay in the game longer even if you take a loss. All right, so uh and then you can start

13:01 scaling up as your account starts to grow, then you can start scaling up from there. Um or keep the same, you know, definitely keeping the same uh risk parameter of only five to 6%. But what you'll find out is that as your account size grows, let's say you had $1,000 account, trading 5% or 6% of that and then now you're at 10,000 or now you're at 50,000. Let's say from there five to 6% looks different, right? So that helps move things further along to where all right month one is going to be different than month two because the more your account starts size starts to grow from month to month to month, the gains are going to start to increase just as well. And maybe your your targeted where you want to be in 6 months or year is really going to start rolling. It starts snowballing after the first couple months. first two or 3 months you're just kind of building that small account

13:46 up, but then it really starts to kind of take off using that five to 6% rule. I know month one it's a little struggle, but if you go back and watch some of the videos uh and where I talk about growing a $500 account or $1,000 account using that five to six five to six% rule, you'll see how quickly you can actually happen because I break it down in terms of consistent profits, small profits on a daily basis of only like 50, 60, or 100 bucks a day. But it really starts to add up at the end of the month to where in month two that's where you can start to see a little bit more a larger difference and then from there things really start you know uh snowballing from there. So sizing with the right amount of capital is extremely important uh when you're definitely starting with

14:32 a small account. I do not recommend anyone out there uh dumping a lot of money into their broker account if you are just starting off and you're not experienced. Okay, trust me when I say this or you'll find out the hard way. All right, a lot of you will blow um your own personal accounts because that's what I trade. Some people I know traders out there, they use prop firms and they're using um funded accounts that way. And you know, I I see people funded today, not funded tomorrow. It's I know it's it's hard uh when it comes to those prop firm companies out there because they have a set of rules uh that you have to follow by and that's the struggle behind it. When you trade your own personal account, the only rules you have is what you have written down on your trading plan. But when you trading, you know, through the means of a of a prop firm with the uh having a funded

15:18 account, they have a different set of rules. And once you fall out of those those parameters or their gauges of or measurements, then um I guess you know whatever happens with that account depending on the actual company itself, uh you may be stripped of that funded account or you may quickly blow that account or whatever the case is. But I don't know. I've heard so many different stories. I don't know the ins and outs of about them all, but I know some are better than others based on what I hear. But uh for anyone out there who is trading prof, please do yourself the biggest favor. Take your proceeds, your funds that you are making in profits and then start or start building up for your own personal account. That's where you're going to find, you know, your greatest means of success is having your own personal account. So those are two major

16:04 rules that I would definitely say uh have helped you know change my outlook my mindset uh in terms of trading futures. For one is not overloading and using a bunch of indicators. You don't need it really be honest with you. Trading from the neck of charts getting yourself experienced and knowing what to look for. Just you and the charts. nothing else on there kind of interfering and saying, you know, okay, when this crosses, this crosses, having the red, green light, you know, green light red light syndrome, that that type stuff by looking at all the indicators, you don't need them. Okay, be honest with you. Uh, and then secondly, making sure that you're using or trading with the right size capital and scaling or um um allowing yourself to grow at a at a decent slow pace uh with your account. Okay, don't overleverage. use have a set

16:51 uh risk parameter rule for yourself 5 to 6%. Some of you may some of you may use less than that and that's good because that's going to help you hold on to your money even even tighter. Okay. But outside that that's all I wanted to do was share that bit of information uh from me to you today uh touching you know maybe some minds out there or those that are interested or or struggling to keep their account or struggling to find an edge within these markets. Please spend some time watching the videos here in this channel. Please give the strategy here on the channel and try. We've got successful traders that are part of our Discord community. You can come over. The community is uh definitely free. Look down in the description portion of this video or kind of move down, scroll down, you'll see a link there for the Discord, it's free to join. Anyone out there that wants to become a uh elite member uh

17:37 part of the private community where I really go into detail as if you're sitting right next to me uh breaking trades down. So, what I do is I post my trades on Discord. Okay. All right. Ones that I take, but then I go back and I break them down for the private community so that you grasp an understanding why I took that trade in reference to market structure, price action, what what I'm looking at, the the type of zone I was looking at, whether it was a demand or supply zone, uh where to place your stop loss, where to place your profit target. Okay, those are the trade breakdowns. Uh if you become an Ultra Elite member, you receive everything from tier one, tier two, trickles over into tier three. So, there's going to be three tiers that pop up. The link is down in the description portion of the video. If you click the link that says ultra uh excuse me, ultra elite supporter, that link there. Um,

18:22 three tiers are going to pop up. Make sure to choose the third one if you want the trade breakdowns, the video playlist, the market structure video, which is a great video for and has helped lots of people out. Also want to receive the live recorded trading sessions uh to where I'm trading live and I'm recording it and I'm breaking things down from my perspective so that you can understand and go back and be able to it helps. Okay. It It's like a u I don't know an out a course outline or a a kind of just walking you through each day from my mindset what I'm looking at and and it helps a lot of people out that way. But you also encompasses and shows you within it the actual trades that I take and post over in Discord. So you can see me take those trades and I talk about where to place stop loss and the profit area which I'm looking for things of that nature. So that has helped a lot of people out just

19:08 as well. Uh you also receive the market recap videos where I go back on most days that I recap the video, not video but um the market content as far as you know what took place. Also look into the afternoon session to see uh possible areas where trades I didn't take cuz I don't trade the afternoon session. But uh just other areas of possibilities of entries or um trades that could have been taken just as well. Um and yeah, that's pretty much it. You get the trade breakdown videos, the video playlist, market structure videos, live recorded trading sessions, and the market recap videos. all for $14.99 a month, which is like 49 to 50 cent on the day. Okay, so it's a it's a great uh way to really um grasp an understanding of the strategy itself. It's additional video content. There's so much video content there uh

19:54 for anyone that may, you know, may need it. Uh I'm not saying you do or you don't, but for pennies on the dollar a day, it has transformed to help a lot of people out there out. So again, the link is down below if you're interested in joining. But outside of that, that's all I have. If you're not a current subscriber, please take the time to sub by clicking on the subscribe button down below. Make sure to turn your post notifications on so you don't miss any of the uploaded content. And last but not least, if this video has kind of helped or reached out to you in any kind of way, uh open your mind up to understanding, you know, some of the um it's letting you know that you don't need all the bells and whistles out there. Okay? I'm trying to make it as simple as possible and let you know the truth in the matter of what you what's most important, what you really need is to understand and how to read these charts is market structure and price

20:40 action. That's your holy grail to being able to do so. So, if this video has helped you out, please make sure to drop a like, click that thumbs up button for me. I greatly appreciate it. But that's all I have today, guys. Uh, leave your comments down below. you know, if you're anyone out there who's struggling, if you're someone that's looking for a great strategy, uh let me know what strategies you're actually, you know, uh using uh down in the comment section. If you're trading supply and demand, that's great. You know, what some what are some of the charts you're trading, whether it's time, tick, or volume charts. Um but outside of that, that's pretty much all I have, guys. I appreciate it and I'll see everyone in the next video. Take care.

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