Pre-Market GAP Scanning: How Did I find AMZN for $600?

[@Live.Traders]

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[@MosestheMuslim]

This wonderful man says the video will be 10min but gives us 24min worth of valuable info...God bless you

[@iloveno3]

Greatest teacher on earth! Nobody teaches as you! Thank you soooo much!!!!

[@torreshondaguy]

Your awsome man I'm a new trader had some beginners luck last year now trying to get back on the horse. I have day job auto technition used to love it now my time is more valuable to me trying to make trading pay but need more education. Thanks for your time 👍👍

[@Live.Traders]

Keep pushing and good things will happen.

[@JordanChua]

Just the free content you and anmol put out made me consistent. I use your PM process and trading style, plus Anmol's 2:1 AON trade management and demand quality from my setups to let me take less trades with a higher win rate over more trades and lower win rate. Looking forward to sending you guys an update in a year! Got a lil jittery and broke my plan on SHOP short under 322 today and broke even and a couple minutes later hits target without me. On to the next!

[@Live.Traders]

Fantastic!! SHOP was awesome! well done

[@joelsantiago5683]

Wow this is the best trading channel. I am just starting with trading. ThE videos in this channel answer all my questions and concerns that I been trying to find on the internet regarding on trading. Great job guys.

[@Live.Traders]

thanks!

[@madeline5082]

Just subscribed to your channel, youre a straight shooter i appreciate that!

[@Live.Traders]

thanks appreciate it.

[@leecondon9400]

Thanks for your free content watched your 7 bar play video 2 times last night helped me learn a lot more of reading chart's 👍

[@mannyk291]

Excellent video...... thanks for sharing for those of us trying to learn about trading!

[@jch92592]

Jared, I really appreciate your no BS approach and the shared lessons of a a real trader. I have trading the CL and NQ futures with limited success as I try to pass the TST "Combine" to earn a funded account. Other than get out of futures, any insight as to how your course would apply to futures? Again, a sincere thank you for what you are trying to do with your channel and courses. John Temecula, CA

[@Live.Traders]

Patterns are patterns even on the NQ, ES and YM etc...You just have to be A LOT more patient with futures AND when the market is quiet, like it is right now, you won't be able to do much...PTS will definitely help you trade Futures too but it's more about stocks than Futures...but patterns are patterns.

[@andranikmilitosian9620]

Thanks Jared, I appreciate everything you share with us!!! QUESTION REGARDING ONLY LOSING $30-50 PER TRADE IN THE BEGINNING. What is the best way to achieve this? Selecting trades where support is close enough (taking into account the spread) to my entry where I can enter full position and only lose $50 max? Or entering with smaller size? Or full size but super tight stop, tighter than the technical support on the chart and L2?

[@Live.Traders]

Thanks...Sharesizing is how you do it. It doesnt matter if you trade AMZN or BAC...Your share size will determine how much you can lose/make. So, if AMZN has a $10 stop loss and you want to risk $20 on it, then you'll buy 2 shares. If BAC has a 10 cent stop loss and you want to risk $20 on it, then you'll buy 200 shares of it. Either way you're losing $20 if you're wrong!! [e-mail]

[@Marekw1976]

So many stocks I’ve traded lately in TS have been whippy lately and matrix is not able to keep up. I’ve reverted to chart trading and since I’m a visual person it works great.

[@verdman54]

I really like this pre-market breakout pattern method. Do you recommend this pattern for the beginner trader? As of lately, It seems like there are quite a few under $10-stocks that can be found daily using this pattern (assuming I am reading the patterns correctly lol)

[@Live.Traders]

i think it's agressive for a new trader to be honest...kzbin.info/www/bejne/rnbNhpduZ7OJjMk

[@brandysoda8665]

Great review.Specialy the pre market.But $133,000 capital trade. Just taking ONE option contract for about $1,500 and capturing 8 points,u can win $400.I do understand u are only in it 10 MIN i.e captilal is tied for short time.Anyway GREAT review

[@Live.Traders]

I hear you...but if the option didn't work, how much are you losing? Everything has a give and take...Sometimes the premiums on options or lack of liquidity make it very hard...Nothing wrong with Options...BUT no 'vehicle' in trading is perfect.

[@pliniomsann]

Jared, you are the best. But since Amazon broke bigger time graphs , why didn’t you stay for more time , maybe one more day ? Do you consider staying for more than 1 day if you break a 1 day consolidation ?

[@Live.Traders]

Everything in trading is about EXPECTATION. My goal was to intra-day trade AMZN on a small TF for 2:1 reward to risk. Scalping is my forte...If I want bigger moves then I'll swing/core trade. Trading is as much about personality and understanding ones self as it is about profits. Too many traders fail because they think they are someone different than they actually are. Having a plan that shoots for big profits but then selling too soon is not a good plan. I know my limits...and trade within them.

[@pliniomsann]

Live Traders wise words. Thank you for your free content. I buy as a day trade but sometimes I wonder if I should sell or wait more days in the case of a promising 60 min graph. Also, I’m Brazilian and can tell you that you are the most clear person that I understand talking about trading. Your communication is so efficiently that any “international” trader can feel inspired by your words. Thanks for your example.

[@alwayswinning3743]

I know this an old video, I'm using dollars gainers, dollars losers with tradestation as well. How do you change it so that It only shows stocks under $10 ??? Seems to show even stocks above that - which I don't want at the moment.

[@tonyadamo8773]

hey guys ,,,on tradestation.... market data level 2 is all you need to add to your platform?

[@eb1958]

as always!! just great!!👏👏

[@Live.Traders]

thanks

[@SentaZru]

Hi Jared, im from russia and is not cool speacking an english, but your video leasons and methods real working!!! Last 2 days: 02 july (DOVA take 60cents), 03 july (DAL take 50 cents and SBUX take 60 cents) - Wow, im happy! Please answer me one question - when you scan stocks by criterion, what is your limit for searching percentage? Long/Short Premarket Move above +0.5% or or another? You look all stocks (+0.0 %/+0.0 $ premarket change )??? What value to look from? Thanks

[@Live.Traders]

Awesome, good to hear. I dont scan percentage, but normally if a stock is gapping more than 15% i won't trade it, UNLESS it's less than $10 stock. Cheers!

[@SentaZru]

Live Traders no) if you add 200+ symbols on watch list, for example: $ change +0.00$\+10$, you look all? (+9, +8,75, + 8,25 ... +0.25, + 0.05 e.t.c) or you look above, maybe, above +0.5, for example? How your low watch list limit, thanks.

[@Live.Traders]

@@SentaZru I have very specific scanning criteria...of 200 stocks I might only look at 40 of them...then of those 40, there might only be 10 I actually like...then from those 10, I might choose 3-5 favorites...process of elimination...survival of the fittest! Cheers!

[@Martin-oi2fq]

Hey Jared, great video! How do you know if a consolidation is going to become a breakout or a breakdown?

[@Live.Traders]

you never know anything until it happens...Same with a 3BP...you can only watch them and 'hope' the pattern forms.

[@shannonp4037]

Since you never know exactly which way it'll move, that is why you have the trading plan in place with automatic stop losses and profit points. Enter these as soon as the order is entered/executed. Jared has a great video on this.

[@Live.Traders]

@@shannonp4037 yes...exactly right!

[@damienmason3807]

Do you get these pre-market lists just from tradestation or do you also use Tradestation Analytics (Technologies) advanced charting?

[@Live.Traders]

Just trade station $gainers and $losers

[@mr.moneymaker270]

hey jared, thank you for the added value you give out- I've a question: can you/we count the gap to the first bar?! I think that makes sense- In this case it was a large bar incl. the gap- best regards from Berlin

[@Live.Traders]

I'm not sure what you mean...my apologies.

[@mr.moneymaker270]

@@Live.Traders you said in your presentation, that for the 3 bar pattern normally the first bar (after the gap) would not be big enough to trigger the 3 / 4 bar pattern. thats what I mean- so I think the gap should count towards the first bar and the bar is big enough. I hope thats understandable

[@Live.Traders]

@@mr.moneymaker270 No the gap does not count for the pattern...if t hat were the case then bar #2 could theoretically be HUGE yet still be in the upper 30-50% of bar #1 and then your reward to risk would be garbage. I've been trading this pattern successfully for 15 years...so no need to change what aint broke!! Trust the process ;-)

[@mr.moneymaker270]

@@Live.Traders okay- thank you

[@schaumal1737]

I did not really understand why this was a good gap to go long.In the daily we see that it touched a resstance and went down..so how can I know that there will be a breakout up?

[@x2ul725]

Just emailed [e-mail] for chatroom access. Those breakouts on premarket chart highs are useful. Even with high volume it can be a challenge, but possible to scrap a dime + keep a tight stop loss. Lots to learn I can see. See you soon. I work so my time be spurious but precious as well.

[@Live.Traders]

Cool...check it out! We're not looking for 'dimes'....GBT today under $58.50 pre-mkt breakdown...went $4. Not looking for dimes most of the time...

[@x2ul725]

Gotcha. No chasing dimes lol 😎

[@AG-mc3xw]

Hey Jared, I just started watching your videos and I’m loving the information and delivery. One thing I don’t understand is how you are getting 2/1 or higher with such small moves in price without trading options. Are you using leverage? I realize this is basic, but I haven’t found the answer in a video yet.

[@Live.Traders]

Almost all intra-day traders use leverage. All PDT retail accounts give 4:1 leverage.

[@AG-mc3xw]

Live Traders Thank you.

[@chichfm5108]

Great videos! -- If there is a dramatic/sizeable gap up why do you insist on having a wide-range first bar? What is the logic or reasoning behind this?

[@Live.Traders]

I don't have to have a WRB first...That's ONLY for 3BP's...The AMZN trade was a PRE-MARKET base breakout, NO WRB. The pre-mkt chart will tell you A LOT about how the stock will 'likely' open...

[@martinsvensson7744]

Hello. Why do you use Tradestation ? thanks

[@Live.Traders]

Because I love their order entry matrix, it's the best by far and I like their charting as well.

[@mikeg8343]

Big bark from Jared in the morning made the stock pop. 😂 I n f l u e n c e r

[@JoeyHern]

Newbie here, the title had me thinking you found Amazon at $600 a share. Nonetheless great content sir.

[@classifiedata]

Why dont you trade sp500 and nasdaq e-mini futures with greater leverage?

[@Live.Traders]

Not a big ETF/Futures/Emini fan...They don't set up the patterns I like to trade often enough...I'd be bored out of my mind...NQ, YM, ES wtc...

[@NghiaPham-xi5so]

On Trade Station, is it easy to set up the scanner for the market gainers? Thanks

[@Live.Traders]

yup

[@kristoferandersson9537]

Great video! But how do you know when to sell? I don't think you explained that.

[@Live.Traders]

I look for 2:1 reward to risk. that's it. Keep it simple.

[@madtownjeremy]

@@Live.Traders I appreciate this answer so much; often I've watched your trades and you could've made more if you'd ridden them out but you hit the 2:1, stuck to your guns and exited. Smart, smart moves!

[@Live.Traders]

@@madtownjeremy Stick to the plan...esp. if it's a proven plan! Cheers!

[@marsdam]

hi Jared, im very preocupied and i have a question, all the gaps ALWAYS are closed¿ ? or it could happend the opposite?thank you

[@Live.Traders]

Not sure what you mean when you say all the gaps are closed. There are TONS of unclosed gaps...Not sure what you're asking...

[@TheGrins]

What broker do you use for day trading?

[@Live.Traders]

Hope thats a joke...TS

[@moturimahesh1091]

For stock screen / for stock identify which software I have to use PLEASE TELL ME PLEASE PLEASE

[@Live.Traders]

It's in the video...!! Any will do...Trade Station, Trade Ideas, TC2000, Finviz etc...

[@moturimahesh1091]

Good afternoon sir

[@frobono]

There’s so much content. Where does one start to learn about day trading?

[@Live.Traders]

From the beginning with Professional Trading Strategies ;-) Email [e-mail] for more info about trading...

[@suppaslicck5725]

If you find a 3/4 bar play mid day rather than right when market opens, is it still as viable?

[@Live.Traders]

All patterns are valid in all timeframes. 1' to Yearly charts...

[@nivramzenun1891]

hey folks, any idea on setting up dollar gainers and dollar losers on TOS? Thanks in advance!

[@MisoHungwy]

Lovers and Loser -> Pre-Market Movers. Good Luck

[@WayneTheWolf]

I don't get what's so hard about trading if you are a technical trader...? Is the real hard part self-discipline??

[@Live.Traders]

Yes, discipline, esp as it relates to MONEY MANAGEMENT is the hardest part...and the #1 reason most fail. Most people are TERRIBLE self-managers...this is why most people have a boss watching over them...so they dont f#$% it up!

[@JorgeRodriguez-ri8gq]

Hi Jared how can I get your book?

[@pacomay7940]

Jorge Rodriguez I’d like to know as well

[@Live.Traders]

The book ONLY comes with the course. For more info on the course, email [e-mail]

[@hugoboser162]

is it possible to buy the book seperate from the course?

[@christopherrosa4163]

hugo boser no

[@Live.Traders]

Nope...the book mirrors the course and you'd be lost without the explanation. Cheers!

[@moturimahesh1091]

I am watching u r' s every video I can easily understood but which software I can use for INDIAN STOCKS

[@Live.Traders]

I dont know I'm NOT India...google it!! lol.

[@wwzsockiblogspotnl]

how high was this trade on amazon dollar wise?

[@Live.Traders]

i dont remember...check the chart

[@moturimahesh1091]

Professional trading strategies how I can purchase in india

[@Live.Traders]

Email: [e-mail] for details on how to order it. Cheers!

[@karthika7380]

50k subs !! ❤️

[@Live.Traders]

nice

[@karthika7380]

@@Live.Traders Congrats on the 120k+ Subs. 70k added since 7 months.. keep growing :)

[@chinmay8858]

Great 👍 👌 👍 👌 👍

[@moturimahesh1091]

I am from India

[@Live.Traders]

congrats

[@shaun8667]

Why no EFT??

[@Live.Traders]

Because I don't like them and they rarely have RS/RW...and I really hate the leveraged ones. I will trade the QQQ and SPY though

[@sinfuldavy0]

What is a level 1 gap? Anyone?

[@kingplayer174]

Hi I want to enjoy with you in live chat room can you help me how can I do that please thanks

[@Live.Traders]

Email: [e-mail]...$1 for 30 days, trial!

[@ghgoogle5238]

THINK THE ANYWHERE IN THE WORLD LIFESTYLE pitch was a little cheesy. Think your quality of your slides could be in more modern software. People will listen to you more if less 'salesy'. You don't need to as you have a watchable quality. AMZN will fall by up to 8% in July 19. So good hunting.

[@Live.Traders]

Thanks...but I'm fairly certain you don't know what my business 'needs' and doesn't need. It seems to be working for me ;-)

[@jimorison6159]

280k subscribers have a gambling addiction I guess...

[@rafaelorozcor2008]

The book is not in Amazon, the website doesent work, those are big red flags

[@Live.Traders]

The book is PURPOSELY not on AMZN...You can only get the book with the course. The Website DOES work...I was just on it, LOL. Don't talk smack when you don't know about us. [e-mail]. Email me...I'll get back to you in 24hrs or less

[@rafaelorozcor2008]

@@Live.Traders Thank you for your response, and that response changes the perception

[@therecon2631]

$600 is nothing

[@davenelson2435]

X

[@Live.Traders]

ok

[@cazkelly]

Your videos lack an educational aspect and are have the air of a bad sales pitch. Teach us it and stop with selling it to us.