How to Day Trade in Real Life: Part 2

Hey there, Real Life Traders! I hope you are doing most splendid! Welcome to Class 2 of the FREE Day Trading Program.
In this class I cover:
- When to enter a retest
- Which time frames I trade from
- How to manage risk
You will also discover
- What is an R unit
- Why you shouldn't trade in the present
- How to use extended hours data
And much more!
Also, mentioned in this video is the importance of Stop Market orders.
Click here to access the video on entering a trade with a stop order.
kzbin.info/www/bejne/fIvHfX-dq7aBmac
And here are two more videos with additional and helpful details on broker orders: kzbin.info/www/bejne/pF6lfauqhsl4n80
kzbin.info/www/bejne/pKG4kKp4nNuno9E

[@bpiedfort]

"Do not trade in the present" - holy cow, this idea hit me like a 2x4 upside the head. Thanks for much for sharing these training videos - I know they've been around for a while, but they are still providing value!

[@RealLifeTrading]

YYYYEESSSS!!! SO SO HAPPY They helped Brian!!

[@LynnePeters]

Jerremy, I respect your training through the years to the utmost highest level. I love your broke to woke, and your life history that led you to success, AND you just give knowledge for FREE! You will be blessed greatly!!!! Thank you!!!!

[@RealLifeTrading]

THANK YOU SOOOOO MUCH LYNNE!!!!!! Season 4 of B2W comes out July 11

[@DavidGagnon3]

Thank you so much for making this available for free! Not everyone would be willing to give away such knowledge, there are actually many paid courses out there that are not worth even close to this congrats and thanks once again!

[@RealLifeTrading]

David Gagnon My pleasure!!! Thank you so much for going through this program! Go tell the world!! You rock!!

[@218coolman]

Hey, really love the videos and the website. I am learning a lot from your products. After watching this video I have realized that I struggle with patience in the stock market and I have the FOMO. Best stock market teacher out there!

[@RealLifeTrading]

THANK YOU Jacob - for the kind words. :-) That's a BIG thing to realize. Build some rules in your plan to ensure and force you to be 'paytient' and deal with fomo appropriately. IF you need help with this - email me and we can schedule a one on one coaching session. YOU DA MAN! Have a great weekend!

[@tevfik7]

You are the best teacher. I watched the first 2 day trading videos and used your retest and plan the trade in advance strategy. I made 15 R yesterday w options. Now have to watch your last 2 videos. Thank you for great webinars.

[@RealLifeTrading]

INCREDIBLE!!! Thank you for letting me know!! :-) I truly appreciate those kid words.

[@ricardoguzman48]

It is actually one of the best FREE course i have seen. Thanks again for showing us how to trade in the future not in the present. I have to watch it at list 2+ times to get all this information.. ;)

[@RealLifeTrading]

My pleasure. :-) It only gets better from here... : ) :)

[@806kinglbk]

1st video was the shit !!!! Thank you for all this free info 🙏🏾 still watching and will continue

[@RealLifeTrading]

806kinglbk THANK YOU

[@wolfcrossmj8308]

Hey bro started off with your channel back in 2017 on candle and technical beginner knowledge.. Here i am back in 2020 for some recap, the content is timeless One of the best on youtube I recommend the channel out to friends who are just starting out

[@RealLifeTrading]

WHOOOOO!!! I LOVE IT!! Thank you MJ!! :-D

[@kundrew1990]

This makes so much more sense the second time,thanks Jeremy

[@RealLifeTrading]

andrew Wonderful! My pleasure!! Thanks for watching!! :)

[@CelticsWin7]

23:54 bananas 🍌 😂 I agree 100% on waiting 10, 15, 30 minutes to trade after the market has opened. A huge leak for me was trading on the very first minute of trading. Now WHY was this a huge leak? Reason #1, way way too volatile and too many times I would buyin with too many shares. Reason #2, I would panic and freeze like a deer in headlights when it goes against me because I have no real market data because I’m trading on the very first candlestick. Reason #3 after big losing trade right on the market open it destroys your day and starting the day down big right in the first minutes of the day, which is draining mentally in itself. Great video!!! Keep enriching lives!

[@RealLifeTrading]

Nick Heck yes. Thank you so much Nick

[@alexandremondaini]

guy you are the best !!! thx for the videos

[@RealLifeTrading]

Alexandre Mondaini Thank you!!!

[@hychinl9729]

Really good educational video on how to day trade

[@RealLifeTrading]

Haiqin Liu Thank you so much :)

[@chandnikat]

Great video! Appreciate your help!

[@RealLifeTrading]

Kat - Exceptional!!!!

[@RealLifeTrading]

Kat - Thank you so much for watching and for being a Real Life Trader! :-)

[@dial8675309]

wow that drawing recent support after a (green candle gapping down) never thought of that before, great time to short saw it on the 5 on june 7 coulda shorted that first 5 minutes too nice

[@RealLifeTrading]

Thanks for the comment

[@arjunsinghbisht10]

Thanks to you, I'm clearing a lot of things with you Sir...

[@RealLifeTrading]

EXCELLENT!!! I appreciate you letting me know! :)

[@realvirtualdemand4222]

EDUCATION IS ALWAYS KEY IN THE STOCK MARKET..thank "Janitor" always..

[@realloreal]

Still keep coming back to the basics😁

[@RealLifeTrading]

Thanks for commenting

[@olagold758]

Great explanation Great Job

[@RealLifeTrading]

Ah, thank you!! :-)

[@trade_with_toby]

Amazing content, thx

[@RealLifeTrading]

THANKS FOR watching!!!

[@hba8103]

On 6/9 FLO went to its LWR TGT price of $18.08 based on ATR. It then went back and hit the UPR TGT price of $18.47. If you look at the ATR over the last 15 - 20 days, it provides a very accurate range for the price action. They are dynamic. So for LWR TGT, subtract ATR from High of day. For UPR TGT, add ATR to low of day.

[@RealLifeTrading]

I do like ATR. It's fun! I hope the strategy works well for you!! :)

[@FrankDrebin08]

Awesome video

[@RealLifeTrading]

Thank you!! : ) :)

[@arjunsinghbisht10]

Now we have three holiday from tomorrow, I'll watch your videos and will have practice..

[@RealLifeTrading]

Thanks for commenting

[@bobdoyle5945]

what exactly is the retest showing? the previous sentiment of the candle signal from the prior day or?

[@RealLifeTrading]

Yep. The retest are the profitable traders who were already in, exiting their position.

[@ecoleattawfiq4607]

Hi Jerremy, quick question, at 01:01:46 when we hit our 1/4 target ( I am assuming when we set our plan, we put an exit strategy may be limit sell), would we not be out of the trade as soon as we hit the 1/4 target at 89,97? or the plan should be just on paper and we should not put limit sell beforehand ? Regards

[@RealLifeTrading]

Thanks for commenting

[@sashvas9934]

Hi, First of all you are awsome! second, you meantioned your rule about waiting the retest after 3-4 candles in a row. is this appleid to interday trading or swing also ? the spy had 12 monthly white candles in a row...

[@RealLifeTrading]

Sasha Vasserfirer It applies to anytime frame. :) but I only use it on daily and lower

[@RealLifeTrading]

Sasha Vasserfirer otherwise you have to wait a long time for the pull back ;)

[@mauriciomoreno5818]

Thanks! great video. I can´t write anything else, i´m numb with so much info!!

[@RealLifeTrading]

I love it!

[@mauriciomoreno5818]

Hi man! Just made 2.1R with TSLA and FB waiting for the retests and trading in the future. It was worth last night info-numbess!!! Thank you very.much!! You indeed rock!!

[@RealLifeTrading]

Mauricio Moreno Bam!!!! The first of many ;)

[@ernesto24861]

First Bearish Gap and Go.

[@RealLifeTrading]

:)

[@raijin4096]

1:01:19 - 1:03:25 Buy once, sell twice - so is this considered a round trip in regards to PDT? If so, does that mean you can buy once and sell as many times as you want as long as you eventually sell in total the same amount of shares you bought - and still be considered a 1 round trip trade?

[@RealLifeTrading]

Thanks for commenting

[@travisvasquez298]

did u subtract the .18 cents because it was a short? so u would add 2r to a long, correct?

[@RealLifeTrading]

Travis Vasquez right

[@emmasmith4240]

How did you decide on the BLUE support and resistance in the pre-market? It looks kinda random that you just decide it because of the first/biggest candle :)

[@RealLifeTrading]

Emma Smith biggest first candle is the most important in this situation :)

[@pcket9zspcket9zs42]

Saturday night. Practiced charting

[@RealLifeTrading]

Thanks for commenting

[@culturesynctv2185]

Just started learning about trading (approx. 4 hrs ago) after reading an article you wrote. I started my lessons by reading more articles then watching your part 1 video lesson. I don't know much right now, though I'm a quick study, and became lost when you mentioned support/resistance lines. Do you have a video that explains how to choose these lines on a chart, what they mean, and why they are important or useful? I respect and appreciate your reitteration of "Trade in the future" mantra. It's an important practice of habit for many areas of life, not just in trading. Thank you for, both you and your girlfriends, hard work and open source value structure in day trading education; along with your integrity. Also what are your thoughts about the 2017 market being generally overvalued across most sectors (most overvalued market in history) and being in a possible market bubble that will possibly burst by 4th Q 2018 (my hope is it plateaus)? Do you have any suggestions on how to prepare for a bear market (recession); trade smater after a bear market hits or how to bet against the economy (which sounds a bit ruthless I know)? Do you have any stock suggestions for someone, who I won't mention (*me*), that only has $800 to invest? Thanks for your time; Rei "Think Different" - Steve Jobs

[@RealLifeTrading]

Thanks so much Rei, for you comment! I Really appreciate it! :-) "Do you have a video that explains how to choose these lines on a chart, what they mean, and why they are important or useful?" I think you'll find the first 4 classes of these very useful. reallifetrading.com/free-products/beginner-trading Also what are your thoughts about the 2017 market being generally overvalued across most sectors (most overvalued market in history) and being in a possible market bubble that will possibly burst by 4th Q 2018 (my hope is it plateaus)? Do you have any suggestions on how to prepare for a bear market (recession); trade smater after a bear market hits or how to bet against the economy (which sounds a bit ruthless I know)? Sure, I agree with you. A LOT of people think it's coming and approaching. BUT until then... we focus on what's happening for sure. Make money with the bull market, right? And when / if it rolls over, we lose small. This video might help you kzbin.info/www/bejne/hYvWlKCVZ69jnLs along with this one kzbin.info/www/bejne/iKepfGmua5WVeNE and this one kzbin.info/www/bejne/l3qQXmmQlpx7jdU Do you have any stock suggestions for someone, who I won't mention (me), that only has $800 to invest? Yep. Watch for this video. reallifetrading.com/videos/how-to-grow-small-account-long-version THANKS for the comment!! :)

[@culturesynctv2185]

AWEsome, I'll 'put' them on my future watchlist . Yes, buy the bounce! What I've learned so far can be simplified to this; trade the chart, not the heart. Thanks for taking the time to comment and give me the specific video links to help answer my questions. - Rei, "Think Different" •Steve Jobs

[@RealLifeTrading]

My pleasure. Thanks for being a Real Life Trader! : -)

[@lilTULER]

On a bullish retest, if you miss the initial spike and wait the retest, is there a reason why you can't short on the pull back? I see profit potential on both directions. BTW, I love these videos... I have about 30 pages of written notes off your videos! Keep up the good work!

[@RealLifeTrading]

Seth Tuler no reason you can’t short. BUT, it’s harder. You need to be much faster with it AND it can lead to over trading as well. However, it is a more advanced strategy, but a super fun approach! Great question!!!!

[@justdancing5371]

I like how you demonstrate how to lock in profits as you move the lines above new candles moving higher

[@RealLifeTrading]

Thank you sir!

[@fishwishpishpish9165]

hey, at 21;58 when you are showing the bearish retest curve, im finding it qutie hard to find the curve on stocks that have recently gapped, am i doing something wrong? thanks

[@RealLifeTrading]

fishwish pishpish Yep. Go back trade RUN on 6/18 and look at that perfect retest. Print out that chart on any and all time frames. It was perfect

[@fishwishpishpish9165]

Real Life Trading is this it? It’s over 2 days though, does that matter? imgur.com/cSGyW3e

[@fishwishpishpish9165]

@@RealLifeTrading also, at 42:24, you said that a limit sell order will buy the shares at the price indicated or higher, although all the candlesticks before were higher so why wasnt the order filled? also, do you have an example of where you trade a gap like this live? its confusing me because all the candlesticks are still there and im not sure what im supposed to do in real time, thanks

[@RealLifeTrading]

fishwish pishpish No. the retest occurred on the 5 min chart perfectly on 6/18.

[@RealLifeTrading]

fishwish pishpish Here. Watch this video = kzbin.info/www/bejne/aKuthmaed8ScsMU

[@hba8103]

On BLUE, the next day it gaps up again. Does this mean that more shorts are trapped? Does this mean that it goes from a bullish retest gap to a bullish gap and go? The next day, the stock runs from the beginning. Do you discuss how or when to get on stocks when they run from opening?

[@RealLifeTrading]

On BLUE, the next day it gaps up again. Does this mean that more shorts are trapped? Not unless it's a bearish black candle gapping up. Does this mean that it goes from a bullish retest gap to a bullish gap and go? IT's still a bullish retest gap, because it's a white candle gapping up. :) The next day, the stock runs from the beginning. Do you discuss how or when to get on stocks when they run from opening? Yes, class 3 and class 4. :-)

[@hba8103]

Real Life Trading thanks for the response. Been looking at a bunch of stocks and noticed that in a very high percentage of cases when there were 2 or more consecutive gaps the stocks tend to run without displaying the retest wave. They trade similar to a short squeeze or a gap n go. Wait too long and you'll miss the largest part of the trade or miss altogether. I have a hang up or rule that once they travel past ATR target, I try to avoid trading as any retests tend to fail. By fail I mean once they pull back, they tend not to return to HOD let alone go higher. I may need to reevaluate risk/reward in these situations, but in general I try to avoid. Hope I'm making sense and not missing something obvious. NVDA this morning was perfect example. 2nd day of gap up in premarket. Took off like a bat out of hell reaching ATR TGT in 5 mins. If you weren't ready to go you missed it. Retest failed and of course once this happened, the giant short seller stepped in...saw him on LVL II....50k shares multiple times. Down she went. Gonna check out 3 and 4 of your vids. Thanks again for making the videos by the way.

[@RealLifeTrading]

"consecutive gaps the stocks tend to run without displaying the retest wave" On the swing trading level - yes. The wave might take weeks to form. But from the DAY trade level, it usually shows up! ;-) "I have a hang up or rule that once they travel past ATR target, I try to avoid trading as any retests tend to fail. By fail I mean once they pull back, they tend not to return to HOD let alone go higher." Right, solid rule my friend! "Gonna check out 3 and 4 of your vids. Thanks again for making the videos by the way." My pleasure. Thank you for being a Real Life Trader and helping us To Enrich Lives!

[@enigmatictreasure]

What time frame in order to be called the perfect Gap N Go?

[@RealLifeTrading]

Great question and THANKs for watching. WE will talk about gap and go's tonight in class 3! But you'll be working more with the 1/2/3 and 5 min charts int he first 30 mins. ;-)

[@enigmatictreasure]

Yes, thank you!! I remember you talking about it in your videos but couldn't remember. Thank you!

[@RealLifeTrading]

My pleasure. THANK YOU for being a Real Life Trader! :-)

[@dial8675309]

made $100 from xbit today these gaps are no joke was a bearish retest ... bought after open knew it wasnt perfect so wasnt expecting it to go up right away but made $ after 10

[@RealLifeTrading]

Bobbie Smith nice!!!

[@dial8675309]

hope you run for president in 2020 ill vote for ya :)

[@dial8675309]

youre the best hahahah sry got a little carried away there lol

[@dial8675309]

watching rest now didnt get chance before wow great stuff im downloading these with torch browser

[@RealLifeTrading]

Bobbie Smith Hahaha!! Thanks! That will be 2 votes ;)

[@drjoe1886]

Congratulations for paying off your home!! I can't wait to get a home and not have a mortgage to begin with and pay for it with Real Life Cash!!! Half way to my $3k initial investment account. :-)

[@RealLifeTrading]

Joseph Moore Exceptional!!!!!!! Keep me posted on your progress!!!

[@Xclusives10]

How to tell if a retest gap fades or keeps going?

[@RealLifeTrading]

Have a stop in place and be in the trade. Don't worry about losing since it WILL Happen. worry about not following your plan. :)

[@aceshigh5035]

how many trades do you take or suggest a day? lets say you had 3 losers in a row what strategy do you use

[@RealLifeTrading]

Aces HIGH 4 is my max usually. :) I have a 47% win ratio. Losing streaks definitely occur ~ reallifetrading.com/articles/6-things-i-do-when-am-on-losing-streak here's what I do when I'm on such a streak

[@sashvas9934]

do you ignore the volume indicator intentionally ?

[@RealLifeTrading]

Sasha Vasserfirer I bring up volume later ;)

[@OM23935]

Awesome explained Jeremy 👍 is this applicable in commodity as well?

[@RealLifeTrading]

Onkar Madav Kind of. Commodities don’t gap much..

[@RealLifeTrading]

Onkar Madav if you are more of a commodities trader, you might enjoy these videos more. kzbin.info/aero/PLJAEKq6_6huz4r_Fjl8EV325dWVZM_VVc

[@OM23935]

Thank you Jeremy 👍

[@SteveSam66]

oscar. traders around the world.. :)

[@RealLifeTrading]

:-)

[@ajitshah485]

Nice but sl trigger is big gain to us and broker to reenter is very difficult

[@RealLifeTrading]

Thanks for commenting

[@realloreal]

what platforms do you use?

[@RealLifeTrading]

I use tradingview.com for charting and thinkorswim for my actual brokerage. :)

[@realloreal]

Thanks JAN. your always awesome

[@mihaidumitrascu357]

very good/clear explanations..... u sound like you have a little bit of anna coulling in you... :-?

[@RealLifeTrading]

Thanks for commenting

[@theSpaghettiKid18]

The example here doesn't make sense. If our R is 100 we have 10k in our account. How can we buy 1,111 shares at 18.32 with 10k account? What am I missing?

[@theSpaghettiKid18]

I'm assuming R=1% of account. In order for this trade to make mathematical sense, you'd have to have an R=.10%. (100,000 x .001 = 100) This means you'd have a 100k account and you're risking 18k which is 20% of your account on one trade. That makes sense.

[@RealLifeTrading]

You get 1:4 margin for day trades... if you use a margin account. ;-)

[@pcket9zspcket9zs42]

Purple

[@RealLifeTrading]

Thanks for commenting

[@alanvangorder8145]

I feel like it would be really helpful If you didn't show us the end result of a wave or pattern so that we could so what to look for more easily. Just a thought

[@RealLifeTrading]

Alan Van Gorder Get into my live day trading room then??? The only way I can do it in the present is for the market to be open... Sign up! reallifetrading.com/rooms#m. Let’s rage!!!

[@alanvangorder8145]

Ok cool I'll watch the previews for now since I'm just new, Thanks.

[@RealLifeTrading]

Alan Van Gorder Gorgeous!!!

[@rubenvaiz6416]

2

[@RealLifeTrading]

3

[@arjunsinghbisht10]

I trade today with this, Retest Gap method but I trapped. Because of not knowing the good knowledge..

[@RealLifeTrading]

Thanks for commenting

[@johnscarrott9352]

hi man

[@RealLifeTrading]

john scarrott Hi!!

[@rubenvaiz6416]

looked for gaps

[@RealLifeTrading]

great

[@walterharris6311]

Bitcoin

[@RealLifeTrading]

:

[@pcket9zspcket9zs42]

Bearish retest

[@RealLifeTrading]

Thanks for commenting