What Does It Take To Be Profitable Day Trading?

In this video, I detail the market-making firms that are working the BID and Offer in the futures markets. These firms are your competition when day trading.
I explain the game theory that firms can get up to shake other market participants out of positions with OrderFlow. You MUST be aware of this in order to stand a chance of being profitable in Day Trading.
Live OrderFlow trading examples? • How To Trade OrderFlow...
Absorption and Sweeps on the Depth of Market (DOM)? • How To Trade OrderFlow...
How to read the DOM? • HOW TO READ THE DOM? D...
How to set up and configure the Depth of Market? • What is the DOM? How t...
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[@professorbland]

you should show us some things on the daily chart for game theory on larger market patterns and moves

[@MrOrderFlowOfficial]

Hey mate, thanks for stopping by!! :) This is a good idea, I will cover this at some point for you. The higher timeframe swing points are always great inflection points where larger firms are getting involved

[@johnbrandonasprillarodrigu6318]

Pure gold

[@MrOrderFlowOfficial]

Thank you mate :)

[@zexewel]

Great information as always, thanks for sharing your knowledge!

[@MrOrderFlowOfficial]

My pleasure! Glad you enjoyed it! Will work on a correlation video to complement all of the others 🙂

[@MuscleMooney]

Excellent video mate

[@MrOrderFlowOfficial]

Glad you enjoyed it, bud! :)

[@Bigmoneyballer124]

Adds good insight a lot of ppl think big firms are hunting they’re stops it’s not your stops it’s everyone stops it’s a game of cat and mouse

[@Bigmoneyballer124]

Once you understand what big firms are looking for you turn from being liquidity to non liquidity

[@MrOrderFlowOfficial]

You are correct, and it is a mental game, large firms are trying to keep their hand hidden, shake people out, and take their money. So this video was to make people change their perspective and make them aware of who the competition is and what they can get up to in a session. Hope you found it valuable!!

[@juergenx298]

Very interesting again!

[@MrOrderFlowOfficial]

Thanks again!

[@apeaholic.]

Appreciate this! Im starting 5 PAs Monday and excited but also nervous. Im going to set up my DoM in Sierra and implement this

[@MrOrderFlowOfficial]

Take your time my friend. Rome was not built in a day, so don’t be nervous. Trust yourself🙂 Refer to the DOM configuration video in the description on how to set it up, any questions or concerns, please reach out. Many thanks

[@apeaholic.]

@@MrOrderFlowOfficial Thank You! Im definitely going to dive into setting this up when i get back from some errands. Monday is my official Day 1 trading these 5 PAs! Setting strict rules of 1CON so I dont blow them! Lol. They are the 50k PAs from Apex. Slow and steady, be aware of my emotions and VERY aware of impulsive behaviors taking over.

[@MrOrderFlowOfficial]

Well done!! Apex is a hard gig with the withdrawals, I wish you the best. You can set hard limits in R trader for loss limits, as well as max contracts in Sierra. I do this for my prop and personal accounts :)

[@apeaholic.]

@@MrOrderFlowOfficial oh I didnt know that! Ill do that too! Lol!! Basically ive invested 1000.00 for all 5 Evals, passed them and including the Lifetime PA activation so I really want to take this seriously and change my life for the better. These tools and tips you mentioned are great and will definitely implement to have better success

[@apeaholic.]

I would also like to note I did all this from zero knowledge 2.5 Months ago. I spent every single day, 12hours a day learning Auction Market Theory, Volume Profiling and spending as much time SIM trading. My mentor was like “God damn”!!! He was very impressed that i passed 5 evaluations after only 2.5 months . This is why my nerves are on edge because this will be a huge impact on my life if I can maintain what I have learned and continue to succeed. Im still a NEWB but a very focused person when I see the potential in a life changing opportunity. Wish me luck! Lol

[@mohamadhariz9613]

so we need to know how market maker trade and join them ?

[@MrOrderFlowOfficial]

You need to be aware of your competition with every business. Seeing the OrderFlow gives you a clue as to where large firms are getting involved. Ultimately, you are looking to join them and keep your risk tight per position

[@FHIPrincePeter]

What is the name of the platform ? And can you trade off it?

[@MrOrderFlowOfficial]

The platform is Sierra Charts. Here is a link to a free 2 week trial with delayed data. bit.ly/SierraCharts If you want to join our discord, we can help you with chartbooks and help you get it set up 😀 I execute off it everyday, and show the OrderFlow in the livestream also

[@nihonjin6962]

How would you spot a diff between days like last Friday (when ES came back in the range) and the days when it keeps dropping.

[@MrOrderFlowOfficial]

I use market profile and volume profile for context for that specific day. If we are in complete balance for the day, then there is a higher probability we are going back in the range than seeing a breakout. Also, with a breakout you need to see aggressive action and the opposing direction being pulled for a breakout to sustain. The clues are in the day type and the order book 🙂

[@OnuegboOliver]

How do you manage risk?

[@MrOrderFlowOfficial]

Hey mate, it depends on the trade, however, if you are taking a sweep back into the range, then the trade is invalid if it breaks below the sweep low. If the trade is not going in your favour in a set amount of time then start to be cautious :) It is always better to take a scratch than a full stop if the trade is not doing what you are expecting.

[@OnuegboOliver]

@@MrOrderFlowOfficial how many lot size do you enter with initially? do you go with small size then add to your position as Price goes in your favor?

[@MrOrderFlowOfficial]

I do scale into positions when it goes in my favor, but I prefer to be all out of a position rather than scaling out. In my opinion, scaling adds an extra layer of complication, and life is easier if you are just all in and all out. Adding to a losing position is a killer, unless you have accounted for adding.