$520k Payout Trader Trades His BANNED Orderflow Strategy LIVE

0:00Matias session starts in actually

0:02[music] two minutes, believe it or not.

0:04>> This is Matias Fernhole. He's been

0:07completely banned from five prop firms,

0:09but it's not because he broke any rules.

0:12It's because he's accumulated over

0:14$500,000

0:16in verified payouts over his prop

0:18trading career. So, I flew him out to

0:21Dubai on 48 hours [music] notice so he

0:24can show me exactly how he does it while

0:27live trading. Beautiful one. Beautiful

0:31one. So, times 10. 8,400 done. It's a

0:34very nice situation because we are going

0:37long basically and we just make higher

0:40lows. It's beautiful. We are above the

0:42rewap. So, I'm taking bookmap and I see

0:45where the liquidity is. So, it's very

0:48likely since we saw a small correction

0:50here from the Asia session that we just

0:52pump up.

0:53>> But what surprised me most is that

0:55Matias uses a simple orderflow scalping

0:57framework. He uses market structure to

1:00determine the trend, VWAP to confirm his

1:02bias, bolt map to track liquidity and

1:05aggressive order flow, then combines

1:07everything in real time to decide

1:09exactly when to enter, add size and

1:13exit.

1:14>> We dropped down, took the long here at

1:1651 [music] level because we squeezed

1:18down, went back to the VWAP. Strong

1:21buying, we went back down, strong

1:24selling. And this here was the situation

1:25when I said beautiful that he didn't

1:28take the liquidity.

1:29>> Yeah.

1:30>> Okay.

1:30>> So, basically, it's a mix out of the

1:32chart and um and out of um out of

1:36bookmap.

1:36>> In this episode, Matias makes over

1:38$8,000 in just under 5 minutes right in

1:42front of me and explains exactly how he

1:45did it step by step as he trades live.

1:49Nothing in this video is financial

1:51advice. Now, let's see what Matias is

1:54made of.

1:55>> Matias session starts in actually two

1:58minutes, believe it or not. Walk me

2:00through exactly what you do pre-market

2:03here in this short amount of time and

2:05then how you get ready for a trade.

2:07>> Yeah. Well, first of all, it's a very

2:08nice situation because we are going long

2:11basically and we just make higher lows.

2:14That's beautiful. We are above the

2:16revap. So, I'm taking bookmap and I see

2:19where the liquidity is. So, it's very

2:21likely since we saw a small correction

2:24here from the Asia session that we just

2:25pumped up.

2:27>> And Matias, I do want to ask you, you

2:28said higher lows and we're above the

2:30VWAP. What does what does this do for

2:33your bias?

2:34>> Does this Yeah.

2:36>> Well, for me, it's important that we are

2:38above the VWAP in a long trend. Like

2:40that's kind of the confirmation for me

2:42that I'm still long and we can still go

2:44into the long movement. Mhm.

2:46>> Then what we see here at the right side

2:48is we see strong bias like market like

2:52the big bubble here.

2:53>> I will just open the first positions

2:55here because it's very likely that it

2:57already starts like before we go in

3:00>> and Matias I do want to clarify cuz we

3:02just got in a position I think in under

3:0415 seconds. So

3:06>> I I just one second please. I [laughter]

3:09I just opened here my first my first um

3:11position. I scaled in two lots and now

3:14we can let it play. We will put the take

3:17profit at the 7790

3:20and then we can talk about about

3:22everything. Like I going to take maybe I

3:25take it even a little bit below. It's

3:2885. Let's see. Yeah, we're going to

3:31sweep off the high and then after we

3:33strapped it out, it might go higher. But

3:36let's see. It's a London session, so we

3:38don't have to expect too much volatility

3:40sadly, but it's nice. It's a good setup.

3:43>> Um, we have $400 loss and 687 profit per

3:48account. So, it's 1.5 and Yeah,

3:51>> let's go.

3:52>> So, [laughter]

3:53but it it was important to go in before,

3:55right? Because

3:56>> absolutely. So, so yeah, there's a lot

3:58of stuff then I do want to clarify

3:59because look, you came from the trenches

4:02in trading, you know. Do you have

4:03institutional experience in trading or

4:05just not at all?

4:05>> Not at all. So you are a certified

4:08trader. So what I do want to know is

4:10first we classified this as a long

4:12environment, right? This was based on

4:14price being above VWAP and basically

4:17higher highs, higher lows. Does this

4:19mean you're looking mainly for longs for

4:22the session then?

4:23>> Yeah, for me I'm a trend follow trader.

4:26So for me the chance that we go up here

4:28is bigger than the chance that we break

4:30the structure and go low. Mhm.

4:32>> It would be more nice if the market is

4:36here kind of around the VWAP and I can

4:39jump in here, but I see what we have

4:42here in bookmap. So for me the situation

4:44is very good to go in here into the

4:46slow.

4:47>> So just to be clear then you would jump

4:48in at the VWAP.

4:50>> That's for me if he would bounce here on

4:52the VWAP it would be a brilliant setup.

4:54>> Yeah.

4:55>> Yeah. But for this of course like he

4:58would test this area here as well like

5:00the support area.

5:01>> Mhm.

5:02>> So I would prefer it but honestly right

5:05now most likely the market is just going

5:07into one direction and you keep

5:09following it.

5:10>> And so and you said support here as

5:13well. Now do you have a specific method

5:15for classifying a support or resistance

5:18level?

5:19>> Um not really. I'm doing most things

5:22visually. Okay. And for example here

5:24when I see that the market was in this

5:26price area

5:27>> he moved back up here. He made a small

5:29wick. He went up again break this higher

5:33high make a new higher high go back. You

5:36know if he would react right here plus

5:39the VWAP I would have the VWAP and the

5:41support level for the confirmation to go

5:44more low. And now something happens.

5:47It's pretty good to be honest that it

5:49happens in the session. The market is

5:51going into a correction. So, we didn't

5:53have enough power to break through. And

5:56the market needs more liquidity right

5:59here. So, what I'm doing right now, I'm

6:02thinking to close the trade with the

6:05first loss, which I'm doing right now.

6:07>> It was a chance to go up. It's fine. I'm

6:10waiting him to come down a little bit

6:12more and then I go into the trade in a

6:15lower price level.

6:16>> Okay. How did you define that we were in

6:18a correction? because you exited this

6:20trade and to me everything looked fine.

6:22So I want to know what did you see?

6:24>> Well, I saw here at the right side we

6:26have we're going to open it bit more

6:28wide like look here. This green bubbles

6:32are market buyers like somebody's

6:34aggressively going into the market here.

6:37I see somebody is aggressively going

6:39short.

6:40>> Mhm.

6:40>> Yeah. Like they push down

6:42>> market with the with the sales and

6:45here's liquidity on the downside

6:47>> and it's always getting taken. And you

6:49saw we go out kind of here. It's a 76. I

6:51think it's going more down.

6:53>> Okay,

6:53>> because right now we have aggressive

6:55sellers. So now it's important to

6:59mention two things. First of all, I

7:00cuted the trade in a small loss. I

7:03didn't take the full loss.

7:04>> That's good

7:04>> because this year for me is the worst

7:06case scenario for internet turns down

7:08and stuff like that.

7:09>> Um but I turned it on kind of here. Then

7:12Matias if if I were a brand new trader

7:14trying to learn from you when you said

7:15we see these big red bubbles here right

7:18is there a rule for this or were you

7:20acting with discretion to say okay this

7:24trade my idea it's done

7:26>> yeah like um for example when the market

7:30will turn down here he breaks the VWAP

7:32and maybe I make a second loss then my

7:35completely trade idea is done because

7:37apparently I wasn't right. Yeah, because

7:39I said before like I would wait and

7:42doesn't break through the high here that

7:44he will go down here in the support to

7:46the VWAP and get back. Mhm.

7:48>> So it's always important to stick what

7:50you are saying like when you think he

7:53will go long in the breakout fine if it

7:56doesn't work fine happens but if you say

7:59this here is a level where it must react

8:02new vision then it should

8:04>> okay

8:04>> yeah and always like I'm flexible for

8:07example right here in the book map I see

8:10liquidity it's taken they put liquidity

8:13in again

8:15here strong market buyers.

8:17>> Mhm. So, let's see how it does here.

8:19Maybe I even go long earlier, but I

8:22would wait right here and I would put in

8:25like three lots.

8:29That's a VWAP

8:32would have exactly this level that we

8:35mentioned before.

8:36>> Yeah, that's exactly then what could

8:38happen. I rate him to dip down and then

8:41I'm going in.

8:42>> So, you do like VWAP bounces. Yeah, in

8:44this case I will do it. Like the

8:46breakout

8:47>> was very likely but it didn't happen. So

8:49I'm fine with that. I going to take then

8:50the VWAP at this point.

8:51>> Do you have a rule for the VWAP bounce?

8:53Because you know VWAP can uh price can

8:55fluctuate around VWAP consistently and

8:58things of that nature.

9:00>> Yeah, the good thing is that we went

9:02above the VWAP pretty much um since

9:06almost 4 hours. So it's very likely that

9:08we are forming newer highs above the

9:12point when we jump up here again. So

9:15yeah, it's very likely that we see this

9:16reaction.

9:17>> If I were a new trader, then would you

9:18tell me, you know, look for 4hour breaks

9:21between bounces or is is there any kind

9:24of general rule or advice that you would

9:26give me to try to follow?

9:29>> Um yeah, first of all, I would take uh

9:32bigger losses, small positions and

9:35bigger stop- losses. Yeah, because in

9:37many cases it's like

9:38>> the market likes to go through the VWAP.

9:41It's not always a first touch obviously.

9:43Yeah.

9:44>> And he will squeeze you out and then he

9:46goes into your direction. So I think

9:47it's very important to start with um

9:49small positions, bigger stop- losses but

9:51bigger take profits as well.

9:53>> Okay.

9:53>> I think that's how to begin with because

9:55otherwise you get frustrated, you get

9:57stopped out so many times

9:58>> and then you're going to say it stops me

10:00out and then the market moves.

10:02>> Mhm.

10:02>> And that's exactly what we don't want to

10:04see.

10:04>> Yeah. And how do you not trade every

10:06single touch of VWAP then?

10:08>> Well, when I see it choppy, like when I

10:11see it's the market makes like let's say

10:13the S&P makes here like two points and

10:15comes back. Two points comes back. I'm

10:18like no.

10:18>> The market likes to be here,

10:20>> but I don't want to be in an situ in a

10:23situation where the market likes to be.

10:25>> Yeah.

10:25>> Like I can't earn money without

10:27volatility.

10:28>> Mhm.

10:28>> And I only I only earn when it moves. So

10:31>> yeah.

10:32>> Got it. I I guess if I would be a very

10:34very big guy, I would like it because I

10:37could bring in my positions.

10:38>> Mhm.

10:39>> But I think everybody knows to be such a

10:41big guy, you need to in you need to be

10:42an institution. So

10:44>> not interesting for me.

10:46>> Understood.

10:48>> And here on bookmap, I wanted to ask

10:50again because we've been putting a lot

10:51of emphasis on the bubbles and these are

10:54just big filled market orders, right?

10:56>> Yeah. So, you know, a lot of bubbles

11:00show up on this chart on bookmap, right?

11:02We can see them everywhere. How do you

11:04know which ones are important and which

11:07ones affect your decision making?

11:10>> Well, first of all, you can only say if

11:12they affected when you are like when

11:15they when they printed. Yeah. Like for

11:17example here, like told you like I saw

11:20this big bubble. Liquidity was up here.

11:22Okay. We were long, right? But this big

11:25bubble here happened and I went out

11:27right here because I saw big selling

11:30dropped down into my stop loss. Big

11:32selling. Guess what happens after that.

11:34>> Yeah, the market sells off big again

11:37>> and uh yeah, I went out in the right

11:39point. But when I see for example here

11:42could be accumulation. We had a short we

11:45go side waves could be that we're

11:47accumulating to break out long again.

11:49>> Okay,

11:50>> this can happen.

11:51Why do you, sorry to interrupt. Why do

11:53you call this part accumulation

11:54specifically?

11:56>> Well, because after every short,

11:58>> the market is stopping at some point.

11:59>> Mhm.

12:00>> And it could be going sideways,

12:03accumulating to break out long again.

12:05>> Mhm.

12:05>> But that's the point. It's nice to have

12:07the bubbles. Obviously, it's good

12:09because I know where my areas are, but

12:11it can also be the mark go sideways to

12:13drop down again.

12:14>> Can happen.

12:15>> Yeah. And what we're going to do right

12:17now is we're going to jump into the

12:19NASDAQ and we see this looks a bit

12:22different, right? Like the NASDAQ

12:24>> seems to be way more aggressive for the

12:26short right now.

12:27>> Mhm.

12:28>> We see a lot of short movement. We see

12:31>> they still try they still try to sell

12:34off at this point. Yes. So the nice

12:36thing is there's a correlation between

12:39the S&P and the NASDAQ. So this

12:41situation here is good for us because

12:44most likely the chance that we will drop

12:47down here once again is pretty high

12:49>> because the NASDAQ is going okay.

12:52>> Yeah. And the chance that we get in here

12:56into our trade setup gets higher right

12:58now.

12:58>> Okay. So yeah

13:01>> and so then Matias as well you had

13:04mentioned okay we have liquidity here on

13:06bookmap and

13:07>> just for anyone who doesn't know that

13:09would be these brighter red bars on

13:12bookmap correct uh like here for

13:15instance

13:16>> exactly like you see it here it's get

13:18brighter red the bigger it is

13:21>> um in the US session we have here like

13:23200 or sometimes 900 it's pretty decent

13:26but here in this um London session M you

13:29will most likely not see it so many

13:30times.

13:30>> Yeah. So I asked because earlier you had

13:32mentioned the liquidities here but I

13:35wanted to know how does how is this

13:37affecting your decision making and

13:39analysis?

13:41>> Well for example if we get here in um

13:44into the VWAP and I see the market makes

13:47reaction here

13:48>> like it's going I show it in bookmap

13:50it's better like we got stopped in right

13:52here and it goes long. I would like to

13:55see they put liquidity liquidity

13:58liquidity to have kind of order flow

14:02until we reach this highs here.

14:04>> So you would want liquidity while you're

14:06in a long.

14:07>> Yeah.

14:07>> Really? Cuz a lot of guys say liquidity

14:09is like a magnet. It's could be

14:11resistance or something.

14:12>> It depends how big it is. Like sometimes

14:14you have situations where you see 900

14:16contracts moving here for example to the

14:1979. The market is going long like he

14:21likes to take it in the trend. But then

14:23what happens liquidities get they take

14:26it out they take it out and they put it

14:28higher

14:28>> and at some days it happens like four

14:31five six times they take the liquidity

14:33>> put it up you can follow stay in the

14:35trade they take it out put it up again

14:38you stay in the trade they put it up so

14:40basically sometimes you get a lot of

14:41points

14:42>> why you see they move the liquidity up

14:44>> why do they move the liquidity up

14:47>> um

14:49well obviously they want to enter the

14:51market with a limit at a higher price in

14:53this case.

14:54>> Mhm.

14:54>> Some people say it's manipulation and

14:56stuff. I don't care because for me it's

14:58like I can follow it.

14:59>> Yeah.

14:59>> For me it's good what gives me money. So

15:01if it's I I don't even know if it's like

15:03a manipulation or however. I don't care

15:06because I just want to follow it.

15:07[laughter]

15:08>> So So you do agree then that liquidity

15:10on here acts like a magnet.

15:12>> Yeah.

15:13>> Absolutely. Okay. Yeah.

15:15>> And and then if you're long and we're

15:16moving up into liquidity,

15:19this does not you do not say, "Okay,

15:21time to exit or this could be

15:22resistance."

15:23>> It's um it depends what kind of trade I

15:25want to make. It's great. For example,

15:27if I'm in with like two lots, three

15:29lots, whatever. Um I can take partial

15:31positions because it's a good exit

15:33point. Like it can always be that they

15:35fill that they fill the liquidity, then

15:37it's great to exit. Like it can happen,

15:39liquidity taken, whoosh, drops down.

15:41Yeah. So it's always better to um yeah

15:44to take partial positions at some point.

15:46>> Oh, so you might take partials at the

15:48just in case.

15:49>> That's always the best. And what we see

15:52right here, by the way, is the market is

15:54not dropping way lower. Like we have

15:56very flat session sadly right now.

15:58>> I hope we have a little bit more

16:00volatility, but it's fine. Like we see

16:02here a lot of sellers in the market. We

16:05see in the S&P 500, we are just going

16:07sideways. Like it's very flat. I going

16:10to also flat the position out here.

16:13We're going to jump into the NASDAQ at

16:15this point.

16:18>> And why the switch?

16:19>> Um because the volatility for me is not

16:21enough here in the S&P 500.

16:23>> Mhm.

16:23>> Like it's very flat.

16:25>> And here we are apparently below the

16:29VWAP in the NASDAQ. But that's

16:31>> that's nothing special. It happens all

16:33the time because NASDAQ it's nasty,

16:36right? It's like moving really fast and

16:39uh with so low liquidity in the market

16:41yet the side you can see it it's normal

16:44when some bigger position is getting

16:46into the market it moves fast it speeds

16:48up. So are you always looking here on

16:50the right then on your chart? Well, this

16:52is the basically um the order book,

16:55correct?

16:55>> Exactly.

16:56>> Yeah. And and before you take a trade,

16:58how important or what do you need to see

17:00here in the order book?

17:01>> Actually, I will take the second trade

17:04right now.

17:04>> Okay, let's do it.

17:05>> Yeah, I just rate here for the new

17:08candle how it plays out a little bit and

17:09I make it a bit bigger.

17:12Market buyer steps in.

17:16Going to wait a little bit.

17:19Yeah. Gonna go into Yeah, we're going to

17:22jump in on the bit. So, that's the best

17:24price.

17:27And now we can let it play out.

17:29>> Okay.

17:30>> Um why I went in on the bit like it's

17:33pretty simple. We have the bit below and

17:35the ask above. So, if I'm going in

17:37market, I jump in full on the ask. like

17:40I have the spread that I pay basically.

17:42>> So I prefer to go in on the bid price.

17:45>> So you set a limit order to get this.

17:46>> Yeah, basically it's one click limit in

17:48>> right and then then you're in the market

17:51and we see that

17:53>> uh 90%. Like in the first trade we did I

17:56went in with one market to jump in and

17:58the second one to have a better price on

18:00the bit. So yeah, but why I went in here

18:03like we saw we had a lot of going to

18:05show the chart beside it's better. Um,

18:08we saw right here like we had a lot of

18:11Okay, it doesn't work out. We had a lot

18:12of sellers. Yeah. Like here, here, here,

18:14and there. But what tells me the market

18:17when we don't go lower at some point,

18:20it's enough like the market went

18:21sideways.

18:22>> Mhm.

18:23>> And we had here lots of small market

18:26buyers. Yeah.

18:26>> And they are strong enough to push it up

18:28again.

18:30>> And what does that tell you exactly?

18:32>> Well, it's telling me that we sold off

18:34here. No,

18:36>> we made some small range. Very small

18:39could be accumulation. We only like we

18:41only know it when it went long after

18:43that.

18:43>> Yeah.

18:44>> Um Yeah. And now I'm just following the

18:46market to take out the higher.

18:47>> Got it.

18:48>> So the good thing is

18:52>> we are long. Yeah. Like here

18:54>> where we are pretty much long since Asia

18:56session and the market maybe will go up

19:00again to this price levels here as a

19:02high. And and Matis, just to be clear,

19:04did did you get in specifically at that

19:08price for a reason or did everything

19:11line up in your analysis and you said,

19:13"Okay, time to pull the trigger."

19:15>> Well, what's good is I'm going to jump

19:17in here. First of all, we had a positive

19:20candle. Now, that that happens. Then, we

19:23went in right here and the next candle,

19:26we takes the long like we were pretty

19:29good in the market. Now it pulls back

19:31again which is fine because I'm taking

19:34all the price areas here to add a

19:36position.

19:37>> Mhm.

19:38>> Now we see pulls back went above the

19:41VWAP again.

19:43And here it was my reason

19:46it's a sell off short short short

19:51doesn't go further down. So here small

19:53buyers took it up again. And this here

19:56was a nice squeeze. Like many people

19:58when they in front like five points, six

20:00points, whatever, they go break even.

20:03>> Stopped out right here and it goes up.

20:06>> Got it.

20:06>> And that's one of the biggest problems I

20:08was facing. Stop break even. I made the

20:11RA trade. Big stop loss. Market went

20:13short.

20:14>> Mhm.

20:15>> Big stop loss out.

20:16>> Yeah.

20:16>> Right. So here I'm just playing it

20:18pretty easy. I'm in with one lot per

20:20account. I'm in with 10 accounts in

20:23copy. Um, yeah. And basically

20:27this is moving like 10 lots right now in

20:30NASDAQ.

20:30>> And Matias, I have to ask, where is your

20:32stop loss currently located?

20:34>> Um, it's just a stop loss in case

20:36anything bad would happen. Like it's

20:38down here 20 points at this point.

20:40>> Why specifically right there?

20:43>> Well, if something like I just said it

20:46basically, I would put it a bit more um

20:49tighten up here. But for me it just if

20:51something will happen right like some

20:53news whatever will be released I have

20:56still enough buffer here to maybe the

20:58market squeeze down turns around.

20:59>> Mhm.

21:00>> Yeah. That I'm I'm not I'm not the guy

21:02who makes 100 trades per day. I just

21:04want to have the trade setups and don't

21:06want to get stopped out too many times.

21:08>> But for this I'm taking bigger positions

21:10as well. Like I'm taking um I'm taking

21:12bigger profits too.

21:14>> Yeah. So I'm trying to figure out what

21:15the stop loss you said it's about 20

21:17points below right. Does this is it 20

21:20points below because that is where a

21:22level is currently located or are you

21:24trying to hit a specific reward risk

21:26>> or do you always do 20 points below?

21:29>> No, it just um basically I'm stick to be

21:32um in a prop trading account to be $400

21:35in a loss maximum like that's my max

21:36loss. Like we have in Capital I'm

21:38trading here. We have rules as well in

21:40some accounts for max loss position. So

21:42I have it on 400. 500 is the max on this

21:44account per trade. So, I'm fine even

21:46with slippage basically. Um, yeah. And

21:49times 10, I mean, that's basically a 4k

21:52stop loss.

21:52>> Okay.

21:53>> With my own money, I would put maybe 5k

21:55stop loss

21:56>> to not overextend it. But here, I'm I

22:00always put it like that.

22:01>> Yeah. And I'm asking because if I were a

22:03new trader

22:04>> uh in in the I have to add something

22:06very very important behind the London

22:08session. So, the volatility isn't high.

22:10If I'm in the US session, sometimes in

22:12prop trading, I have to switch into the

22:14micro. Mhm.

22:15>> to have bigger stops because 20 point

22:17stop- loss nowadays in NASDAQ is really

22:20not much.

22:21>> So yeah.

22:22>> Okay.

22:22>> That's what I had to add.

22:23>> Yeah. No, no, absolutely. And that is

22:24very important. And if

22:26>> and here one second you see one thing

22:28here like

22:29>> it takes time. This trade doesn't want

22:32to go fast.

22:33>> Mhm.

22:33>> It pulls back all the time. We at the

22:35VWAP right now.

22:37>> So I take a look what's up right here.

22:41the S&P 500 is completely sideways like

22:44it's basically better that we went into

22:46the NASDAQ otherwise we would uh we

22:48would think the screen is frozen or

22:50something. Um [laughter] but it's good

22:52here like here we see as well in the S&P

22:54strong buyers strong buyers all in the

22:56right direction and the NASDAQ shopping

22:59a bit but he will break out most likely.

23:01>> So nothing has told you that this trade

23:03is wrong yet?

23:04>> No, nothing. I mean we are still in a

23:06small profit $70 per account. We are um

23:09the entry point was pretty good I would

23:11say like we were almost nowhere in the

23:14draw down like it went pretty good.

23:17>> Um but now we need that we go up here

23:20like we need to break out over the VWAP.

23:23Um maybe I will add the second lot.

23:25>> Okay.

23:25>> Like then we have 20 lot in total

23:27inside. That's great. And I will take

23:29out the highs here.

23:30>> You're saying if we break above this

23:32local high right here.

23:33>> Yeah. I I want to see him like first of

23:35all I want to see him breaking out right

23:37here over the 865 where this Rick was. I

23:40want to break through and in best case

23:42we get some liquidity in here then I

23:44will maybe add a second lot inside and

23:46then I will take him up here. So just to

23:48be clear, why is specifically this local

23:51high? What's the reasoning behind adding

23:54taking on more exposure if price breaks

23:56that?

23:57>> Well, first of all, here this could be

23:59the accumulation. This is all price area

24:02and we need time. I mean this is the

24:03VWAP. We need time to break through.

24:05>> Um right now he's actually even pulling

24:08back lower, which is fine. Um I want him

24:12to take out this high points because

24:15that's a good confirmation for me that

24:17he will make it to break the previous

24:19high again.

24:20>> Okay.

24:20>> Because when I see the market like right

24:23here we are dropping down. Yeah. And

24:26here was the session opening.

24:29Well,

24:30I need something that give me the

24:32confirmation that I'm in the right

24:34trend.

24:35>> Yeah.

24:35>> And when we take out this previous

24:38Yeah. like highs like lower highs here

24:41>> it's a good confirmation for me like

24:43break through again

24:44>> so basically for the local high where

24:46you would add more exposure do you have

24:49a rule for that if I were brand new and

24:51I said Matias teach me how to do or how

24:53to do this part of your strategy

24:56>> what would you tell me

24:57>> um the funny part is I don't really have

25:00strict rules anymore like I have the

25:02VWAP right here um I have bookmap which

25:05helped me out I have basically

25:07everything And um yeah, I know before a

25:10session starts, I know what I want to

25:11trade like the long in this scenario.

25:14>> First time stop out, second time was a

25:17>> it was a good entry, I would say right

25:18now.

25:19>> Um but um I don't have a specific

25:22strategy like when to say like okay, I'm

25:24sweeping out the low, I go long stuff

25:26like that. I don't have this.

25:27>> No, no. And that's totally that's Yeah,

25:30absolutely.

25:30>> But what I have here is this was nice.

25:33Okay, we see the market tries to

25:36aggressively sell off again.

25:38They put limits on the bit by limits

25:41like right here. They put 23 limits in

25:43total. What happens? The market doesn't

25:45take it anymore.

25:46>> He doesn't take it. Here it's a bit and

25:50he's attacking the range high again.

25:53>> Might be that he drops down again. But

25:54here we see strong bias. No

25:56>> 21 22 contracts.

25:57>> So that's a good sign for you.

25:58>> Very good sign. Maybe he breaks out. The

26:00S&P

26:02basically is doing the same grinding up.

26:05>> NASDAQ's grinding. S&P is grinding.

26:07Beautiful. Good setup. We can let it

26:09play.

26:10>> And yeah.

26:10>> So, so you don't have a target on the

26:12chart right now?

26:12>> No. Because

26:13>> so you you actively manage the trade as

26:15>> Yeah. Because I have high is a high

26:16here.

26:17>> Like here we have the day high. Um in

26:20best case he's going to take this like

26:21this is what this is like 70 73 points.

26:25>> It's pretty good move for the London

26:26session. And um if he takes that one lot

26:29would be enough.

26:30>> Mhm. Um actually when I see him playing

26:34out I think I will not even move some I

26:37will not even add something.

26:38>> May maybe maybe I will do it if I see

26:40he's going long making a pullback I

26:42going to add in into the pullback but if

26:44he plays out like now going straight up

26:47I don't have a reason to you know put

26:49anything in. Got it

26:50>> like right now and that's a good thing.

26:53Um people saw let's jump in how much

26:59we made minus 243 per account like that

27:03was the first shot and now we are up

27:06350. So right now we are above the break

27:08even point. We can let it play out.

27:10>> Yep.

27:11>> Let's see where we go.

27:12>> Excellent. Yeah. So and and look every

27:15every time I talk to someone about you I

27:17say Matias is a trader that came from

27:20the trenches man. he learned by

27:22experience, you know, not from uh, you

27:24know, uh, theory or whatever. But so I'm

27:28trying to get as much out of your

27:29process as possible and and transfer it.

27:32>> Now, what are the three biggest things

27:34that could happen right now that would

27:38make you close this trade and not wait

27:40to reclaim that high?

27:42>> So, what could happen? News.

27:44>> Yeah. Okay.

27:45>> Anything. News breakdown, stop me out or

27:49I go break even now. market is going

27:51down. Stops me out. Um, actually right

27:54now like I'm here in front. How many

27:56points is that? 20 points. I could move

27:59break even, which I'm doing right now a

28:02little bit above. So, you can see the

28:05P&L here more clearly. Yeah. What can

28:08happen right now is he stops me out

28:10break even.

28:10>> Mhm.

28:11>> And obviously I lost money in the first

28:13trade, kept it break even in the second

28:16trade.

28:17>> Yeah. Um

28:19if a lot of sellers jump in here like

28:21super aggressively and they are putting

28:23liquidity liquidity liquidity then I

28:26would go out as well.

28:27>> That one's important. So big red bubbles

28:29and then basically red boxes under

28:33>> because right now what we see here and

28:34that's don't move your stop loss too

28:37tight because in this situations if you

28:39move it too tight this small dip down

28:42here will stop you out.

28:44>> Mhm. like he is going up and you are

28:46like, "Oh, to the moon. My position is

28:48too big. I must save it because I'm

28:49getting nervous." That's a bad sign.

28:51Yeah.

28:51>> Um because he will always when he makes

28:53a long, he will go sideways.

28:55>> Mhm.

28:56>> And he will drop down a little bit. He

28:58will play the range out again and then

29:00he will break out again maybe.

29:02>> And that's what we see here. Like if we

29:04go super nerdy inside like we see it

29:07right here. Yeah. He tops out, he goes

29:09short again.

29:10>> Yeah. you know, sideways and then he

29:12might go up to the next liquidity. But

29:14that's um yeah.

29:16>> Is there anything right now that would

29:20change your bias or prediction about

29:24whether we break down or break up in

29:26inside of this?

29:27>> Yeah, I would like to see the market

29:29adding a bit of liquidity up here

29:32>> like that. We take it.

29:33>> Um what I don't want to see is basically

29:37that we are selling off more aggressive

29:39than we do right now. Mhm.

29:41>> and drop down here and break all the

29:43level like we get back all the way where

29:45strong buyers showed up like we dropping

29:47down here. That's what I really don't

29:49like to see.

29:50>> Um but here in the S&P 500 we see it

29:54pretty clear like we break out makes the

29:57pullback and here's liquidity above. So

29:59it's pretty chilled to be honest.

30:00>> So there's liquidity above but there's

30:02also liquidity below, right?

30:04>> Yeah. But far away like the market needs

30:06power of course to fill it up. M

30:08>> um and right now like we are trending

30:11upside again. It's very likely that we

30:13take it above and um not not below which

30:16is confusing maybe now for many people

30:18because here obviously it's a bigger

30:20liquidity too.

30:21>> Yeah.

30:22>> But again it's far away

30:24>> and we talked about it when we entered

30:26the setup. Basically we we rejected this

30:29liquidity here. Like there was a reason

30:32why the market went up right here.

30:34>> Mhm.

30:35>> If the market would like to fill it.

30:37>> No. he would go down but he didn't. So

30:40>> So Matias then you know because you said

30:43liquidity is close, liquidity is far.

30:45We'll probably go to the closer

30:46liquidity first, right?

30:48>> Um if I were a newbie, you know, how do

30:50I know how can I think that way? How can

30:53I learn to think that way or come up

30:55with my own kind of process for saying,

30:58okay, this liquidity is significant and

31:00it's closer. We'd probably take that

31:02first

31:02>> practice. Yeah,

31:03>> it's practice. a lot of stops, a lot of

31:05take profits, a lot of getting break

31:07even. Um, having bad days where you make

31:11three, four, five trades like without

31:14any money in draw down. And I think it's

31:17all about practice. Like you can

31:20>> basically you can learn any strategy,

31:22you have to practice it a lot by

31:23yourself.

31:24>> And uh yeah, I mean it took me right now

31:263 years to come to the level where I'm

31:29pretty chilled in any kind of setup I

31:30trade.

31:31>> Mhm.

31:31>> Um I think it's normal. How did you

31:33learn though?

31:35>> How I did learn

31:36>> through practice and how else?

31:37>> Yeah. Well, um first of all, I was um

31:40buying an um academy back then like it

31:42was in April 2023.

31:46>> Mhm.

31:46>> Um a lot it was a lot of basic stuff.

31:49>> Um it wasn't bad but nothing that can

31:52make me profitable I would say. And then

31:56I took all the patterns that I have, I

31:58checked YouTube, I checked many

31:59different channels and then I put it all

32:01together. Mhm.

32:02>> Um my very good friend Peter Becka

32:04showed me bookmap.

32:05>> Basically I learned this bookmap stuff

32:06from him.

32:07>> Mhm.

32:07>> Um and then I just um took it into my

32:11own trading style. Got it.

32:13>> Because he's doing a lot of the volume

32:14profile and stuff.

32:16>> I'm not doing that. I'm trading a chart

32:18with a bookmap.

32:19>> Yeah.

32:19>> And that's it. But uh still it's very

32:22nice. And like I said like

32:23>> you have to learn from many different

32:25things from many different people

32:27probably and then you put the puzzle

32:29together. you can start to giving

32:31>> and I would advise to just keep sticking

32:34to a plan for many weeks not only one or

32:38two days one strategy and hop over I

32:40would do it for months even

32:42>> so how would you say what would you say

32:45how would someone know that they're

32:48putting together a good plan

32:51>> um I would track it for example I have a

32:54win rate of roughly 55 60%

32:58>> that's why it's great that's the first

33:00trade was a stop loss because basically

33:01my first trade is a stop loss. I don't

33:03know why but it is like this. Um

33:05[laughter]

33:06um I would

33:07>> watch the numbers like you have

33:09parameters like for example when you are

33:12when you have a win rate of like 50%.

33:14And you have a profit profit factor of

33:16let's say 1.2.

33:17>> Mhm.

33:18>> And you did it for one year and you add

33:20something up and then for example your

33:22win rate is the same but the profit

33:23factor is going up 0.2 points.

33:26>> Mhm.

33:27>> Over a certain time. you did something

33:29really

33:30>> because you improved

33:31>> like you either have to go out in the

33:33profit factor

33:34>> or in the um winning rate.

33:35>> So track profit factor

33:37>> and win rate is has a symbiotic

33:39relationship with

33:41>> reward risk, right?

33:42>> Yeah. I mean it's totally fine like if

33:44your reward risk goes up, your win rate

33:47will go down 100%.

33:49>> All the time.

33:50>> It's like there's no other way. And um

33:53yeah, here we see exactly what we talked

33:57before like we chop around here like we

34:00went long, we go into the small range,

34:02we see aggressive sellers, they hold the

34:04range right now

34:06>> and um it can take a while.

34:08>> If you don't mind to go back to that

34:09chart on NQ real quick. So u on bookmap.

34:13So where here on bookmap uh did you

34:15specifically enter long? Just so it's

34:18clear. It was the 859

34:20851

34:22levels. Sorry. It was exactly

34:25Let's go down here. 851. It was after we

34:29sold

34:30>> like we sold off fast here.

34:32>> Yeah.

34:33>> Yeah. We went in.

34:34>> Sorry. I think No, sorry. It was Sorry,

34:37sorry, sorry.

34:38>> It was this situation with the chart

34:40like we Let's go back to the chart for a

34:43second. So we went in here after we saw

34:46this positive candle moving up,

34:49>> right?

34:50>> Okay.

34:50>> It was at 960.

34:53>> So it was exactly here like we dropped

34:56down, took the long here at 51 level

35:00because we squeezed down, went back to

35:02the VWAP. Strong buying, we went back

35:05down, strong selling. And this here was

35:07the situation when I said beautiful that

35:10he didn't take the liquidity.

35:11>> Yeah. Okay. Okay. So, basically, it's a

35:13mix out of the chart and

35:16um and out of um out of bookmap. Plus

35:20the other confirmation was the S&P 500.

35:24We remember it went sideways here.

35:28Here.

35:31Then I said, okay, I don't like the

35:32volatility because there's none. We go

35:35into the NASDAQ. Since it's correlating

35:37today pretty hard, we took the trade in

35:40NASDAQ.

35:42Do you have a name for this setup?

35:47>> Honestly, I don't have I don't have it.

35:49I would um I would honestly I would call

35:52it sculping like orderflow sculping

35:54maybe.

35:54>> Mhm.

35:55>> Um but I don't have a specific name

35:58though.

35:58>> Yeah.

35:58>> It's like Yeah.

36:00>> It's really heavy discretion, right?

36:02>> Yeah. Like it's a unique trading style,

36:04I would say. Like basically you could

36:05even make it with an with an order book

36:08but yeah the NASDAQ is moving pretty

36:10fast so maybe not the best market to do

36:12that.

36:13>> I need it visually with any kind of heat

36:15map like it can be can be bookmap it can

36:18be any kind of heat map

36:19>> as long as it shows the right liquidity.

36:22>> Do you do you ever use a target limit

36:25order or just manage the trade as it's

36:27open? Um, depends. Like sometimes I open

36:30a position and here for example, I would

36:32go out.

36:33>> Yeah.

36:33>> Like maybe head out to the gym in

36:35Germany at this time.

36:36>> Yeah. Not really because it's Yeah, you

36:40can put your take profit up here and let

36:42it go.

36:43>> Yeah.

36:43>> And maybe it hits or not. Um, that's

36:46possible. It's like a small intraday

36:47swing, I would say. Um, yeah. But sure,

36:51sometimes I just put my take profits

36:53here. Like I say, all right, the move is

36:55enough for me. But um

36:58>> what do you think is better for a newer

36:59trader or a struggling trader to

37:01>> Oh, to have a fixed uh riskreward.

37:03>> You think so?

37:04>> Yeah, I would say like um two

37:08>> two should be two to one and just let it

37:10go.

37:11>> Is there any reason for that?

37:12>> Um I think it's a really good rate to

37:14become profitable with a really positive

37:17risk-to-reward ratio. Um

37:20yeah, and it's um it's easier to hold

37:22the trades. No,

37:23>> I I wouldn't suggest anyone to go, for

37:24example, with a 5 to1 or something.

37:26Yeah.

37:26>> Oh, that must be frustrating. Like you

37:28have such a low land rate. I think

37:30that's that's more for advanced people.

37:32>> Honestly, you can even trade a one:1. Um

37:35if you're above 50%, it's fine. You pay

37:38the spread or the slippage um and the

37:41commission and you're fine. You're good

37:42to go. But um I would start with a

37:45bigger profit factor with a big bigger

37:47risk rewards than one to be honest.

37:48>> How does someone know they're good? What

37:51profit factor would you say they need to

37:53know they they got this figured out?

37:55>> Um my profit factor is at around 1.7 1.8

38:01>> very strong.

38:01>> Sometimes in swing trading in day

38:03trading it's really different. Can be 1

38:061.3 1.5. Some weeks I'm struggling hard.

38:09I go over the break even point. It's

38:12very different.

38:13>> Mhm.

38:13>> But I kind of see like in the past

38:16months that I'm always over 50% win

38:18rate, 50 till 60%.

38:20>> And my factor is positive. So yeah.

38:23>> Well, if I said Matias, I want to how do

38:25I know I'm ready to go?

38:28>> One second. We have to do in the setup.

38:30>> Yeah, absolutely.

38:31>> First of all, we see strong pulling

38:33back. So we don't see the scenario. It's

38:35going full low. What we're going to do

38:37here, we're going to add one more

38:39position.

38:40We're just going to edit market

38:43on the limit. Sorry,

38:48I should have done market. I see it

38:50right now, but it's fine. Yeah, now

38:52we're in. All right. So, going to set my

38:55stop loss

38:57below the VWAP. So, we see right now

38:59strong movement.

39:01>> The market is pulling back. We took

39:03almost the 50% here with the Rick.

39:07strong selling and we have the potential

39:10to go up again. Yeah, like we have the

39:12potential to break this high here. I'm

39:14in now with the Yeah. double position

39:17size. So, I'm willing right now

39:23to sell when the market is sweeping out

39:26>> this point here. I tried I tried and

39:29then I have um a lower entry like I had

39:32the trend I had a lower entry and I have

39:34an exit point because the market was

39:36rejecting here pretty pretty good so we

39:38just um going to take it and yeah S&P is

39:42here along as well

39:45buyers step in

39:48we go break even now because the

39:51pullback is done I just want to put it a

39:54bit higher so people can see thing.

39:58Don't be a dick for a tick. Out. Done.

40:01So, now we have in this setup 5,390

40:06>> and we have

40:08>> What was that saying? What was the

40:09saying?

40:10>> Uh, I learned it from my friend. Don't

40:11be a dick for a dick.

40:12>> I love it.

40:13>> Right. So, we're going to take this run.

40:155,390 profit

40:18minus 2,470.

40:21It's a big result, I would say, for

40:22London session. And now the most

40:25important is

40:27going to jump back.

40:30This level here had a good reaction.

40:33Like we dropped down again.

40:35>> Yeah. We dropped like look here like

40:3928 strong buyers like full market in

40:42back.

40:43>> Went in again 28.

40:45>> Mhm.

40:46>> And now we are chopping here. So let's

40:48see how it plays out. Like do we drop

40:52down again? Was it a good exit point or

40:53was it a bad run? I'm more saying like

40:56it was it's good as long as you earn

40:58money.

41:00>> You got some questions to answer before

41:02we move on.

41:03>> We have time now because I did my two

41:05trades. Honestly, I'm almost done. Like

41:08we will only make one more trade in the

41:10session when it's a really good setup.

41:12>> So when price started to pull back

41:14there,

41:15>> a lot of traders would absolutely panic

41:17say it's done. It's over. You you added

41:20more exposure.

41:20>> Yeah.

41:22Why didn't you, let's say, how did you

41:25know or why were you confident that

41:27adding more exposure that this pullback

41:29wouldn't turn into reversal

41:31>> and that adding more exposure was the

41:32right move?

41:33>> Because I'm long and I said all the

41:35session I'm long. So when I'm in a long

41:37and I have the advantage to be in a

41:39profit

41:40>> and it goes down to make it possible for

41:43me to add more position size, I take the

41:45chance. Mhm.

41:46>> I would even do it when it goes. That's

41:48why I pulled away my stop loss to add

41:51more. I would even take it break even

41:52again. Like I would take him at a VWAP

41:55again low.

41:55>> Mhm.

41:56>> I would jump in.

41:57>> What would have made you say, "Oh, this

42:00is going to be a reversal. I need to get

42:02out." Now

42:04>> um when it's full red like obviously

42:07when the market is completely crashing

42:09down like going all the way short like

42:13here out

42:14>> like the market let's say we are here at

42:16this point um the market goes through

42:20the low here liquidity at up below

42:23nothing above I would definitely go out

42:25because the chance that he drops down

42:28squeeze out even drops down further is

42:32very high

42:33>> and

42:33>> then I wouldn't I I would go out

42:35>> and you're able to spot this move that

42:37you're um showing us here with

42:40experience, but for someone new or

42:42struggling, is there some minimum

42:44reproducible,

42:46let's say, form of distinguishing this

42:49that they can apply?

42:50>> Ever thought about getting into prop

42:51trading? Perfect timing. Right now, we

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43:02description below. Now, back to the

43:04video.

43:05>> Well, I would say like um for people

43:08with less experience or new people, I

43:10would rate this liquidity like when you

43:12are alone.

43:12>> Mhm.

43:12>> When you want to go long, wait this

43:14liquidity here to get out of the market.

43:17Let's take it then take it out whatever

43:21just wait till it's gone. when you want

43:24to take the loan and then you can just

43:25take it wherever basically

43:27>> but wait the liquidity to get out

43:29because when they always add and add and

43:31add and add it's getting dangerous.

43:33>> Mhm. Understood.

43:36>> So

43:39still I'm not sure if this exit point

43:41was perfect but it made money so it was

43:44good. Um but we see right here like the

43:48market like here was a small double top

43:50a very small time frame and now we are

43:53we are playing here again into the high

43:55>> and um I say it first with one lot I

43:58would take it to the high.

44:00>> Mhm.

44:00>> Right. But one lot is not much risk

44:04let's say like not in this versus

44:07volatility two lot is already a lot of

44:09risk for a prop trading account.

44:13Never forget like one second I here I

44:17see it here we see also the daily P&L

44:19295* 10 2950 because

44:24you have here all those accounts I'm

44:26trading

44:29never forget it was 20 lot inside

44:32basically [laughter]

44:33that's not small I would say so and

44:35that's the power of prop trading if you

44:37trade it right

44:38>> you can scale up start with micros maybe

44:41even stay in micros

44:42and add more accounts. That's prop

44:44trading.

44:44>> Yeah.

44:45>> Um Yeah. And you can see here, well,

44:48this accounts here, I mean, they have

44:50some history, right? Um I would say it's

44:55pretty much consistently

44:58traded, but we can see here as well a

45:01draw down.

45:02>> And there you can see this is happening

45:04when you make three trades in a row with

45:06a loss.

45:07>> Absolutely normal. After that, you have

45:09to grind up again. And this accounts now

45:11on 105K. I can pay them them out pretty

45:14soon. 20K payout again.

45:16>> How much have you earned from prop firms

45:17in total?

45:18>> Almost 500k.

45:19>> And how much you how much have you made

45:21from my firm IQ Capital?

45:23>> Oh, I think 80.

45:24>> That's you taking all my money?

45:26[laughter]

45:27>> I think it's 80 or no 80 or 70, but

45:31I want to get on 100. Like with this

45:34payout here, I will get it. I'm sorry.

45:35But um [laughter] it's it I mean I think

45:39it's pretty much the thing a prop has to

45:42do to reward a trader who consistently

45:44play up

45:45>> like

45:46>> that's your job then I you know it's

45:49part of it. Yep.

45:51>> We'll write it off. I'm kidding.

45:52[laughter]

45:53>> And look at this guy. He's Well, look

45:56look at it.

45:56>> Yeah.

45:57>> Yeah. It's going up again. Like

46:00>> Right. Like it's going up again. But

46:02basically the exit point it wasn't

46:04terrible. like he's pulling back. He's

46:05getting choppy again.

46:08>> Was okay.

46:09>> Um

46:10>> No, I think the trade actually went

46:12probably almost as good as as it could

46:14have gone given the situation.

46:15>> The S&P went

46:17now the S&P is more beautiful like if we

46:21see the S.

46:22>> Um surprisingly for me, I didn't thought

46:24it's um it's going to go up like this to

46:27be honest. Um because I saw I thought he

46:31will chop around here and not move. But

46:32he did this. He did this and he's doing

46:35better than the NASDAQ. I would say

46:37>> this long position you took and adding

46:39exposure pretty much everything you just

46:41did. If price was below the VWAP or was

46:45>> Should I go back to NASDAQ?

46:46>> Yeah, absolutely.

46:47>> I think it's better because we talk

46:48about the NASDAQ, right?

46:50>> Mhm.

46:50>> Yeah.

46:51>> Because earlier in the session you said

46:52higher highs, higher lows. We're above

46:54VWAP. You have a long bias. If you had a

46:57short bias to open the session, would

46:59you have taken this same trade?

47:01Um, no. Because then I would watch for

47:05the shorts, right? Like I would like

47:07let's say let's say I would like to jump

47:10into the shorts here. What I want to see

47:12basically let's say the session opens

47:14here and it's at the VWAP.

47:17>> I would rate him to be here at the VWAP

47:20to get away from it. Come back the pull

47:23like go into the trend makes the

47:26pullback follow it.

47:28I wouldn't try to long it like if the

47:31buyers was full short.

47:34>> I wouldn't try to long it and um

47:39honestly it's I I think trend following

47:41is easier because people might say like

47:43we are always talking here they would

47:45say like this is not a long trend.

47:47>> Well

47:49if you see the bigger picture here we

47:52are pretty good in a low right we are

47:55playing pretty white right long. So

47:57that's why I took it.

47:58>> Do do you have a specific definition of

48:00what is a long trend or short trend or

48:02is it more again experience-based or

48:05discretionary?

48:06>> Um it's a lot of experience based essay

48:08because honestly we had the S&P he was

48:11holding the lows.

48:12>> Mhm.

48:12>> What the NASDAQ did

48:15was breaking it right. He was breaking

48:17it right here

48:18>> through the VWAP. Again the VWAP is a

48:20good entry point

48:22>> in many cases. And here we had the next

48:24interesting level but we didn't get it.

48:25Mhm.

48:26>> So I'm kind of in the middle of

48:30short bias and the long bias and went in

48:32because I had bookmap at this point.

48:34>> Got it.

48:34>> It's like um and that's why I think it's

48:37very hard as a trader to say this is the

48:40strategy that plays out.

48:42>> Mhm.

48:42>> Uh always I think basically most of the

48:45strategies can play out

48:47>> if you are really consistently doing it

48:49and you are practicing yourself.

48:51>> But I think um it's really the most part

48:53is practicing. What do you think is the

48:56biggest piece of your edge?

49:01>> Yeah, to do it every day.

49:02>> I I'm I'm doing it every day and um I

49:06know exactly the risk in the market and

49:08the the benefits that I can take out of

49:10it.

49:11>> So

49:13I'm doing it every day trying to improve

49:15slowly

49:16>> but I try every month to take out money

49:18from prop trading. Well, you know,

49:20Matias, do you think you are the edge?

49:23Your or is information the edge or is

49:27your strategy or order flow for instance

49:30the edge? What would you say?

49:31>> I think um my edge in this case is um

49:34myself and bookmap.

49:35>> Mhm.

49:36>> That's that's it.

49:37>> Yeah.

49:38>> Yeah. For me, that's for me. Um

49:41yeah, pretty sure. Like could I trade

49:44without the chart? Yes,

49:47if I have the bookmap. Yeah, I could

49:49trade without the chart.

49:50>> Mhm.

49:50>> That's possible.

49:52>> And so then since you are an expert with

49:54bookmap, it would be important for me to

49:56ask when you get a big green bubble or a

49:59big red bubble, this is big buying or

50:01big selling, right?

50:02>> Do you have a method or do you know a

50:04way where you can tell, okay, big green

50:07bubble, this probably will push price up

50:10versus, oh, big green bubble, this will

50:12probably get absorbed and maybe we trade

50:14flat or reverse. Well, um, for example,

50:18when I see the delta delta down here and

50:20I have, um, I have, for example, a very

50:24very very big green bubble, but negative

50:27delta and the market is pumping up after

50:29that

50:30>> against nice absorption. Let's go.

50:32>> That's good.

50:32>> Um,

50:35yeah, but honestly, for many people,

50:38this would be super confusing here.

50:39>> Yeah, absolutely.

50:40>> For example, like you can still see like

50:43I took it like a good tool. We went in

50:45pretty well, went in pretty well, out

50:47pretty well. Um, but then what we see

50:51right here, do we stay in the long? Do

50:53we go short? We have a lot of selling

50:55here. Not much liquidity above,

50:58whatever. Yeah, you just need to benefit

51:01from it as long as it works. And here,

51:04right now, look at this. He's dropping

51:06down, right? Like now we get more

51:09volatility.

51:12It's the essence is doing what he does

51:15basically like

51:17>> here we would um be at our exit point

51:20again

51:21>> like it it was shopping the last 5

51:22minutes 6 minutes where we were

51:24>> I think you again I pretty much did it

51:26the best you could have right there

51:28>> could maybe re-entry but

51:31um that's that's and that's a point

51:35really good point about consistency if

51:37you always think you re-enter you will

51:39never be profitable never in your life

51:41because you is like you need the next

51:43adrenaline trade. Yeah. You are not you

51:46are not trading anymore the setup or

51:48something you see. You are trading

51:49because you want to be in a trade.

51:51>> Yeah.

51:51>> And this will kill your account.

51:53>> So you're saying don't enter long. Grab

51:54a beer and root for the market to go up.

51:57>> Yeah. [laughter]

51:57>> Okay.

51:58>> That's it basically because because look

52:00look here like look here we have here

52:02strong selling again. H it's getting

52:05more right now. 52 buyers for 51

52:08sellers.

52:09>> Pretty good. Like if you compared

52:11through the last liquidities um but what

52:13we see here the downside can be

52:16interesting again like it can be the

52:18market like the S&P is doing so well and

52:21the NASDAQ is shopping here.

52:23>> Mhm. So,

52:25>> well, so you know, I do want to get into

52:28the relationship and how you evaluate

52:30the NASDAQ versus the S&P or together,

52:34but what would you say for an entry are

52:37the three most important criteria

52:40to take a trade?

52:42>> Uh, know your risk. Like you must know

52:45your risk that you want to take. You

52:47must know the possibility of a profit.

52:50Like how big could it be? like it should

52:53be bigger than the risk

52:54>> and you need some confirmation from the

52:57strategy that you trade.

52:58>> What is confirmation to you though?

53:00>> Yeah. Well, for me it was pretty much um

53:03like we said before um that the market

53:05didn't drop further down, right? Like

53:08when we had this situation here in the

53:10S&P, I said, well, NASDAQ is a little

53:13bit the S&P is a little bit flat. Let's

53:15take the NASDAQ. the NASDAQ did because

53:18the S&P breakout NASDAQ was breaking out

53:21too in this case

53:22>> and that was my confirmation like

53:24basically in this case the confirmation

53:27was a NASDAQ trade was the S&P 500.

53:30>> Mhm. Yeah.

53:30>> In this case.

53:31>> Yeah.

53:31>> Um and I'm not a trader who has like

53:34always the same confirmation.

53:35>> Mhm.

53:36>> Um I take the informations from bookmap

53:39what I see.

53:40>> Mhm.

53:41>> Sometimes it can be a very simple VWAP.

53:44That is my confirmation.

53:45>> Yeah. For example, when both markets are

53:47at the VWAP and I see well

53:51NASDAQ on the VWAP, the S&P iss on the

53:53VWAP.

53:54>> Mhm.

53:55>> NASDAQ adds liquidity above.

53:58>> I go long because of the VWAP and the

54:00liquidity above.

54:00>> Yeah, understood.

54:02>> And now

54:04we see he has a hard time here.

54:09He has a really hard time

54:15and maybe he will go down to 850

54:20takes the VWAP out again. Possible.

54:25He's trying. He's trying at least the

54:28S&P.

54:30He's looking like it's pretty

54:31comfortable for the market.

54:33>> Why does it look comfortable?

54:35>> Well, he's not moving, right? Like he

54:36he's here. He has um

54:40>> he he plays it pretty well. Like he has

54:42his limit orders he's filling. Um it's a

54:44fair price because he's not really

54:45moving. Yeah.

54:46>> While the NASDAQ doesn't know where it

54:48want to go. Like um

54:52we could play the volatility,

54:55maybe short it again.

54:5818 points. Risk would be

55:0214 points. That's not the risky word I

55:05like to trade. Now, you're already up, I

55:07think, around 5,000 on the session.

55:10>> M Yeah, around 3,000. Um, it's like now

55:13times 10. Yeah, it's um 295 * 10 3,000.

55:17Yeah,

55:17>> up about 3,000.

55:18>> But yeah, would like to trade trade it

55:21short, but the problem is what I see

55:25right here like my stop loss would be

55:28too big

55:29>> for the small profit.

55:30>> We can watch it if it goes there. Maybe

55:32it goes and then then you are thinking

55:33like right I didn't make the money

55:36>> but um it was the right

55:38>> well well you said your stop loss would

55:40be too big compared to your target where

55:42do you see your stop loss and where do

55:44you see your target

55:44>> it's 80s like 14 point stop loss and

55:46basically 16 points TP it's not good and

55:50the market never forget it's a it's a

55:54really nice thing to make money with

55:56trading but never forget can stop you

55:59out as well so always count with the

56:02stop loss with the money that you invest

56:04that's the money that you can lose and

56:06then think about the profit and that's

56:07what I'm doing right now.

56:08>> Mhm. Just to be clear, you put your stop

56:10loss at the highs right there

56:12>> because I need like it can always be

56:15like he jumps back up five points.

56:17>> It's you see right here like now a few

56:19buyers come in and it can happen in a

56:21few seconds. So I will put it here.

56:22>> So this is like a market structure based

56:24stop loss. Do you always use a market

56:26structure based

56:26>> stop loss? Depends how how far the trend

56:30is going. Mhm.

56:31>> Like for example, let's take this one

56:33here. Um

56:36let's say the market went up here. He's

56:39breaking out

56:40>> and I go in right here. I wouldn't put

56:43my stop loss at this low.

56:45>> If my profit target is here, for

56:46example, right? like um I would most

56:50likely decide for example I wouldn't do

56:52that but if I would enter right here I

56:55would say okay maybe I take a I take a

56:5920 point move stop loss 10 points for

57:01example

57:02>> I would take it slow and

57:05>> so so what are the three best ways then

57:08for you or a retail trader specifically

57:11a retail trader to set a stop-loss

57:15levels wise or basically riskwise as

57:18well.

57:19>> Yeah. Um if it's in a trend, it's pretty

57:22simple.

57:22>> You just want to make sure the trend um

57:25has resistant like for the long for

57:28example, you have resistance points

57:30where the market can move to

57:32>> like you want some you want to move him

57:34in some way and then you have a stop

57:36loss where you say it's not very likely

57:38that he takes me out because he is in

57:40this direction. He pulled back. I went

57:42in. I have the benefit and advantage of

57:44going with the trend but I have the way

57:46to go. It's fine. Mhm.

57:47>> Yeah, that's what I would do. If you if

57:50you trade reversals,

57:52if you trade, for example, reversals, I

57:54would give it always a re-entry.

57:56>> Like I would take one stop loss for sure

57:59>> and give it a re-entry to enter again.

58:01>> Mhm.

58:01>> Um because if you reversal a market, the

58:05the possibility to catch it, catch the

58:08bottom or the high, it's way less than

58:10follow a trend.

58:11>> Yeah.

58:12>> It's um

58:14>> Yeah. So, if if a trader, let's say a

58:16newer trader, right, is trying to figure

58:19out, all right, I want to enter here,

58:21but where do I put my stop loss?

58:23>> Mhm.

58:24>> What levels should they look at?

58:27>> Pullbacks. Um, you want to see a

58:29pullback? Like,

58:33we take our situation here.

58:38I entered pretty much somewhat around

58:40here. like should be somewhat around

58:43here

58:45and then for example if I wouldn't be in

58:48market breaks out pullbacks

58:51>> Mhm.

58:51>> pulls back that's it pulls back pullback

58:55level entry

58:56>> that's where the stop takes

58:57>> take yeah I mean takes a pullback like

58:59here you enter and then you say okay you

59:01have the low right here put the stop

59:03loss right here

59:03>> okay

59:04>> for example

59:05>> Mhm. Yeah, a little bit further like he

59:07likes to attack the lows but yeah

59:09>> well Matias so let's say this low was

59:12much lower too far for a stop loss then

59:14what

59:16>> I would think about the way about the

59:19potential that the market can give me

59:21and then

59:22>> I would think about how much I would

59:24like to invest into the stop loss

59:25because the stop loss

59:27>> is always the invest you want to make

59:30and the first trade I did showed it

59:32pretty well. it would be a loss of minus

59:354K, but instead of that, it was roughly

59:38around minus 2K.

59:39>> It's a big difference.

59:40>> So, you do not wait for your fixed stop

59:43to get hit. You don't just get in and

59:45wait.

59:45>> No, no, no. Because um no way I would do

59:48that because in my case, it's like um

59:53I'm trying to predict with the book map.

59:56So, if we think about it, like the trade

59:58that I did here,

1:00:01well, I went out at a really good point,

1:00:02I think. Yeah, in the in the short on

1:00:04the other and in the long on the other

1:00:06hand, if I would have a bigger stop

1:00:08loss, it wouldn't stop me out and I

1:00:12wouldn't make a loss. But it's it

1:00:14depends of what trader style

1:00:16>> Mhm.

1:00:16>> trading.

1:00:17>> So based on your RR for the trade or

1:00:20where your stop loss goes, do you adjust

1:00:22how many contracts you take on?

1:00:24>> Yeah. And that's what we did in the

1:00:26NASDAQ before like um we added in

1:00:28>> um because I was like, right, he will

1:00:30take out the high again for sure. Um,

1:00:33and then I can add in and since my entry

1:00:36position was pretty low,

1:00:38>> I add in and then I get it out.

1:00:40>> Got it. Is there any rule for that or

1:00:42again is it discretion

1:00:44>> um

1:00:44>> for how you manage the position size?

1:00:47>> Yeah. Yeah. Like um I prefer to go in

1:00:50with a smaller position size and when

1:00:51the trade goes for me like it went in my

1:00:53direction, I wait for the pullback and I

1:00:55enter again.

1:00:56>> What's a small position size to you?

1:00:58>> Um for me in prop trading it's 10 lot.

1:01:01in NASDAQ it's okay for the London

1:01:03session and like 20 lot for the S&P 500

1:01:07like with multiple accounts with my own

1:01:08account I trade like 10 lot or in the

1:01:10S&P 500

1:01:11>> and in the US session I take the half

1:01:14position size

1:01:15>> okay

1:01:16>> now like which means in the NASDAQ in

1:01:18prop trading I'm basically trading the

1:01:21micro

1:01:21>> Mhm.

1:01:22>> because the draw downs

1:01:24>> are killing you.

1:01:25>> Yeah. with my own money, I would go on

1:01:28the NASDAQ in the mini. But in prop

1:01:30trading, most likely it's a micro right

1:01:32now. And I think many traders right now,

1:01:34I see so many traders who went to the

1:01:36micros.

1:01:36>> No.

1:01:37>> Um, two years ago, I I I was never

1:01:40believing it happens, but uh

1:01:41>> Yeah.

1:01:42>> since

1:01:43>> Well, the Nano is coming out too, right?

1:01:45>> The Nano is coming out,

1:01:46>> right? It's coming out. I'm I'm really

1:01:48hyped about about that to see how it

1:01:51will go like for new people. like I

1:01:54wouldn't trade it because it's for me a

1:01:56little bit too low from the tick size.

1:01:59Um but I think for new traders it's

1:02:02really nice to start with. No

1:02:03>> like that's that's a really good thing.

1:02:06>> Um

1:02:09yeah right let's check this here.

1:02:12>> So look I

1:02:14was going in market here and on the bit

1:02:17here. What a shitty entry really. What a

1:02:20bad entry it was. If you think like if

1:02:22you see it backwards, what a bad entry.

1:02:25>> Yeah, but that but that's trading like

1:02:27you cannot predict every time what

1:02:29happens. So at 9:00 we went in here

1:02:32>> because

1:02:34looks pretty good that we break out the

1:02:37liquidity. But

1:02:39>> what how bad was that?

1:02:40>> No,

1:02:40>> you see I I took exactly the high.

1:02:43>> No problem. I closed the position right

1:02:46here because I saw well it's going

1:02:48further. Good. No.

1:02:51>> Oh, are you about to take a position

1:02:53potentially or?

1:02:54>> No, no. I just um

1:02:56>> Okay.

1:02:56>> I just want to show then what we did

1:02:59here. Like here we did basically the

1:03:00opposite side, right?

1:03:01>> Mhm.

1:03:01>> Like we saw here the entry was really

1:03:04good.

1:03:05>> And like and that's trading.

1:03:07>> Mhm.

1:03:07>> Sometimes you're right, sometimes you're

1:03:09wrong.

1:03:10>> It's uh

1:03:12>> so you know because Matias earlier Yeah.

1:03:15And like you said that you took this

1:03:16long here. It was one lot, right? And

1:03:19you were going to try to wait for a

1:03:21reclaim of the more major swing high.

1:03:23>> Yeah. Here, for example, like here was

1:03:25the we added one here

1:03:27>> and then we added one there.

1:03:29>> Mhm.

1:03:30>> Yeah. And we took out the trade right

1:03:32here.

1:03:33>> Yeah.

1:03:34>> Um, so you see the first entry for me

1:03:36because I thought it definitely go. But

1:03:39that proves again my land rate is above

1:03:4150 60%.

1:03:42>> Mhm.

1:03:43>> So it's good. Um,

1:03:46perfect entry here, I would say. And

1:03:48it's a pullback was really good.

1:03:49>> Yeah. I just want to clarify for the

1:03:51audience why we didn't wait for to take

1:03:54the major swing high that we saw in

1:03:56pre-market because that was the original

1:03:58target but then we switched when we

1:04:01pulled back added exposure and then

1:04:04reclaimed the local high. We exited but

1:04:06the original target was much higher.

1:04:08>> Yeah. So I had kind of the feeling

1:04:11Sounds weird. It sounds so weird.

1:04:12[laughter]

1:04:13It it really does. I know.

1:04:15>> No, it's fine. I had the feeling that

1:04:17the market really will not have so much

1:04:20power to go up because here was

1:04:23basically no liquidity in the way. And

1:04:25what we see right here is look here like

1:04:28the level the 850 would be our scalps

1:04:30that we talked about. Yeah.

1:04:32>> Mhm.

1:04:32>> What he did he didn't take it.

1:04:35>> Mhm.

1:04:35>> He's extremely long again.

1:04:38>> Didn't take it. So

1:04:40>> Well, your feeling was correct so far.

1:04:42It was correct. Yeah.

1:04:43>> Yeah. Yeah, and that's what I mean like

1:04:44with um I just take it off because

1:04:46otherwise it's it looks like riicks with

1:04:48historic trades which is not um Yep. And

1:04:51that's what I mean with experience at

1:04:53the charts.

1:04:54>> Yeah.

1:04:54>> Like I think it's totally normal that

1:04:56you are sitting there for like one two

1:04:58three years maybe even

1:04:59>> and you are still um learning.

1:05:02>> What's

1:05:03what would you say is the if you could

1:05:05go back though

1:05:06>> right to the beginning with what you

1:05:07know now what's the fastest way to get

1:05:10to where you are now? um get used to

1:05:13strategy. Um make three trades per day.

1:05:17>> Mhm.

1:05:17>> Not more because the problem is Oh, look

1:05:20at him now. He's breaking through.

1:05:21>> Oh, man.

1:05:22>> Yeah. That's that's beautiful. That's

1:05:23open side while we talk. Um so, three

1:05:27trades per day.

1:05:28>> Mhm.

1:05:28>> And

1:05:30what kind of trader are you?

1:05:33>> I think if you are a day trader, three

1:05:36time three trades per day is fine.

1:05:37>> How how how does someone figure out what

1:05:39kind of trader they are though? Well, me

1:05:41for example in my beginning like I was

1:05:43very nervous when I had to trade

1:05:45overnight like an overnight trade I was

1:05:47getting up in the midnight like I did it

1:05:49with one micro with my own money like

1:05:51very small position size in the yes

1:05:53micro yes I was nervous I was like damn

1:05:55minus 200

1:05:56>> oh my god like it it was killing me

1:05:58>> then in this time going back to work

1:06:00like where I earned like kind of the

1:06:02amount in the day same amount that I was

1:06:04behind it was killing me to think about

1:06:07the position in the background so for me

1:06:09the way

1:06:10um with bigger positions to trade in day

1:06:12trading.

1:06:12>> Mhm.

1:06:13>> And I think that's first step to decide

1:06:16what kind of trader type you are.

1:06:17>> Mhm.

1:06:18>> Figure it out. We have enough time for

1:06:20it.

1:06:21>> Then three trades per day in day trading

1:06:24I would say max. Um and the market that

1:06:27you want to trade NASDAQ or S&P

1:06:30>> I think the NASDAQ is more popular.

1:06:33>> People like the NASDAQ more. Um

1:06:37yeah, that's how I would start again.

1:06:39And then I would think about if I would

1:06:41trade only with the chart or if I would

1:06:44like to do volume trading like with

1:06:45orderflow trading,

1:06:47heat maps and so on.

1:06:49>> Got it.

1:06:50>> Because I know many people who are

1:06:51successful as well with only trading the

1:06:53chart.

1:06:54>> Yeah.

1:06:55>> And um me honestly I never tried only to

1:07:00trade the chart.

1:07:01>> Mhm.

1:07:01>> So I don't even know.

1:07:03>> But um

1:07:03>> Well, I mean your setup is still very

1:07:05minimal to tell you the truth. Um, a lot

1:07:07of guys have levels all over the chart,

1:07:10>> lots of volume profiling, things of the

1:07:13same.

1:07:13>> I'm doing levels in stocks,

1:07:15>> but in stocks again like I don't have

1:07:17leverage.

1:07:18>> Mhm.

1:07:18>> Like when you are long in Nvidia or

1:07:20Microsoft,

1:07:21>> Yeah.

1:07:21>> you can basically

1:07:23>> I mean it's not an investment advice,

1:07:25but basically when it dips down and the

1:07:28past shows how many times we take the

1:07:30highs again, like the levels, the price

1:07:32levels, you can hold it for a few months

1:07:34and you have the price levels.

1:07:36>> Yeah. But here it's not working

1:07:38>> like like in day trading for me it's not

1:07:41working on the longtime base. Of course

1:07:44it works for the traders. Not saying

1:07:46anything bad about them but um I see it

1:07:50in a small time frame so I don't work

1:07:51with that.

1:07:52>> Got it. And

1:07:54>> interesting situation here by the way.

1:07:56We took the liquidity. We took the VWAP

1:07:59again.

1:08:00And now we see the people adding up

1:08:03here. Like they adding up here like 1

1:08:07minute ago. They added the position.

1:08:11Market took. Here's the low. They added

1:08:13the position. Here's liquidity inside.

1:08:17See what the S&P does. Setting off

1:08:20pretty strong, but

1:08:23yeah, didn't take so high again.

1:08:26NASDAQ was breaking through. It looks

1:08:29brutal because it was so big, right?

1:08:31>> Mhm.

1:08:32>> Um,

1:08:34and if we pull back and we get liquidity

1:08:36down, we're going to take the third

1:08:37trade,

1:08:38>> a short trade.

1:08:38>> Yeah.

1:08:39>> Mhm.

1:08:39>> But only I want to see a pullback.

1:08:42Liquidity here. I will short it again.

1:08:46And now we can ask like, well, you could

1:08:48takes the short here. Wouldn't it be way

1:08:50better? Obviously, yes.

1:08:53But I didn't had any confirmation that

1:08:55we really go short.

1:08:56>> Yeah.

1:08:57>> Because I can only see what the market

1:08:59does if I look backwards.

1:09:01>> Yeah.

1:09:02>> And that's it. And that's uh

1:09:07the way I trade the situation. So I

1:09:09would wait here till he comes back

1:09:10>> for a VWOP pullback trade you would say

1:09:12or

1:09:13>> Yeah, I would um I would take him

1:09:16probably on the VWAP.

1:09:19Lot of buyers here.

1:09:27S&P strong

1:09:39here. The liquidity on the downside is

1:09:41it's not super big.

1:09:45Make it smaller here so I have a vision.

1:09:52I will wait him to make a wick here. I

1:09:55will not go in right now because it can

1:09:57be that he's going all the way up again.

1:09:59I just want to see a confirmation that

1:10:01he drops down again and then I might

1:10:03trade the short here to the low.

1:10:07>> So for this, do you always want a wick

1:10:09at the VWOP? You would say

1:10:11>> it's better. It's it's it's good to

1:10:13have.

1:10:14>> How'd you learn that?

1:10:15>> Um from getting stopped out. [laughter]

1:10:18Yeah.

1:10:19>> Yeah.

1:10:20>> Like because

1:10:22it's better and also like I'm seeing

1:10:24right now the situation different than

1:10:26before because now I made some money

1:10:28already.

1:10:29>> Mhm.

1:10:29>> Like it's pretty nice for one day I

1:10:31would say.

1:10:31>> Yeah. Absolutely.

1:10:32>> Profit split.

1:10:33>> I have 90%.

1:10:34>> Mhm.

1:10:35>> So you got me. [laughter]

1:10:37>> 90% is good. So I'm happy with that. Um

1:10:43so I'm really picky with the setups.

1:10:45>> Mhm. So here for example, I see they had

1:10:48liquidity up here. They didn't take it.

1:10:51I'm still not trading it.

1:10:52>> No.

1:10:52>> Why?

1:10:54That's a liquidity wall. Some people

1:10:56might say the market is not strong

1:10:58enough to break through. Well, if I

1:10:59enter here now, but the market went

1:11:01through, what happens then? I'm stopped

1:11:03out.

1:11:04>> Yeah.

1:11:04>> And Yeah.

1:11:05>> So, this is too big of a magnet, you

1:11:07would say.

1:11:07>> But look what they do now. They pull it

1:11:09down. They take it. Pull it down.

1:11:13>> Mhm. Let's wait until they take it here.

1:11:16There. They put it there and took it.

1:11:22This would be the point to enter to

1:11:24slow.

1:11:26Yeah. Look at this here. 37.

1:11:33They just took it here

1:11:36and then they went down too slow.

1:11:41And now it goes down.

1:11:44All right.

1:11:46To the low

1:11:48and this would be the perfect moment to

1:11:49enter, but it's too slow. It's It's too

1:11:52fast.

1:11:53>> Like it's it's too fast. Like um we saw

1:11:56they moved down. We can see it here. We

1:11:58had the liquidity up here 39

1:12:01here. 37. This year is out. Like you see

1:12:05they took it out, it low sell limit.

1:12:08>> They rated the sell limit to fill and

1:12:10sell off.

1:12:12That wasn't supposed to be here. See,

1:12:15they took it down again.

1:12:22Zero orders again. They filled it.

1:12:25Market went in and then they sold off

1:12:28because this were obviously sell limits

1:12:31try to get into the market to have a

1:12:33good price to short it.

1:12:36Now we did a small drop down and back to

1:12:40the range. So we filled the sell limits

1:12:41and then

1:12:42>> dropped down a little bit, right? Like

1:12:44we took a few points.

1:12:45>> Yeah.

1:12:45>> And now we go back to the range at the

1:12:47VWAP.

1:12:48>> And when we entered together, like when

1:12:51we went into the market, we said like

1:12:52the market likes to chop at the rewe.

1:12:54>> Yeah.

1:12:55>> Well, that's exactly what you see right

1:12:56here.

1:12:58>> Um in NASDAQ, he does

1:13:01in the ES.

1:13:09He doesn't like to touch it. So we can

1:13:12say from this session right now the ES

1:13:14is in a better long trend than the

1:13:16NASDAQ.

1:13:18So

1:13:19>> oh ES is not near its VWOP respective

1:13:22VWOP.

1:13:23>> He you know he doesn't he doesn't even

1:13:24like to touch it. So

1:13:28>> that's that's fine. But I think it can

1:13:30take a while here. Could also be that we

1:13:32completely sell off. It can always

1:13:34happen. But um the interesting

1:13:37situations were before

1:13:40>> like I wouldn't touch it anymore to be

1:13:42honest.

1:13:42>> You won't touch this market.

1:13:44>> No, because now look what we have around

1:13:47here.

1:13:48It's it's nothing anymore like in the

1:13:51S&P

1:13:53we are sideways too.

1:13:56>> Okay.

1:13:56>> So maybe we can find a setup later.

1:13:58>> Well, maybe we can come back for the New

1:14:00York session.

1:14:01>> We could do that.

1:14:01>> Yeah. You think so? I did two trades

1:14:03already in the New York session.

1:14:07>> One trade maximum.

1:14:09>> One trade.

1:14:09>> One because it's three trades. It's

1:14:11better.

1:14:12>> Okay.

1:14:13>> It's It's most likely better. And

1:14:15important is I would take a trade that

1:14:18is not killing my daily P&L.

1:14:21>> Mhm.

1:14:21>> Right. Like I could go in

1:14:25with a $300 stop loss max.

1:14:28So, I'm break even today, but I didn't

1:14:30lose money because

1:14:32>> it's early in the day. Why would I lose

1:14:35money later? Like, why would I go out

1:14:36with a negative P&L when I already did

1:14:38money?

1:14:39>> I'm fine with going break even.

1:14:40>> Yeah,

1:14:41>> break even is fine. Like, basically, I

1:14:43have right now $300 per account, like 3K

1:14:47with 10 accounts to invest into a good

1:14:49setup, which gives me maybe 10,000.

1:14:51>> Maybe it happens.

1:14:52>> Yeah. But uh

1:14:54>> so you're saying it's good to take

1:14:56advantage of the fact that you are up.

1:14:58>> This gives you some more risk room.

1:15:00>> Yeah.

1:15:01>> See if you can ex basically expand or

1:15:04double down they say right on your

1:15:06profitability and if it doesn't work you

1:15:07just go flat.

1:15:08>> Exactly. Also in prop trading for

1:15:10example you have a consistency rule most

1:15:12likely.

1:15:13>> Um it's better.

1:15:15>> Yeah.

1:15:15>> Like um

1:15:16>> if you don't make super big draw downs

1:15:19and extremely big profits

1:15:21>> Mhm. Everything is right with the

1:15:22consistency. Everything is

1:15:25>> it's very easy.

1:15:26>> Got it.

1:15:28>> Matio, what we're at the New York

1:15:29session. What are you actually looking

1:15:31for here?

1:15:32>> Yeah. Well, first of all, here was the

1:15:33situation we traded before in S&P where

1:15:36we got stopped out and NASDAQ the

1:15:39situation where we made the profit. So

1:15:41what happened? You see the market went

1:15:44long. We took out the highs here and it

1:15:46went all the way long. Yeah, bigger

1:15:48pullbacks here. maybe might be news at

1:15:51this time but now we are again at the

1:15:52high point here.

1:15:54>> So what we're going to do right now

1:15:55we're gonna see in bookmap where the

1:15:57market can move so

1:16:00it's very flat right now. Yeah it's a

1:16:02session opening. Let's see what we can

1:16:04see right here. But I expect higher

1:16:07highs to be honest. Yeah. So what I want

1:16:10to see is I want to see a small pullback

1:16:12and then I want to add into this

1:16:14position. Yeah. Because we did the loss

1:16:16in S&P. We can see it right here. We can

1:16:18see overall the daily P&L we are almost

1:16:203,000 in profit but the S&P I want to be

1:16:23profitable as well today. So we're going

1:16:25to get a nice trade right here soon.

1:16:29Yeah. So we see the session opened

1:16:31really nice sell off.

1:16:34We went

1:16:37people to get in

1:16:39and make it a bit smaller here so it's

1:16:41more visible.

1:16:43Market drops down.

1:16:45Nobody's buying anything.

1:16:49High pressure on the market. Buyers step

1:16:52in. Strong buyers.

1:16:54We step into our setup.

1:16:57We are not in yet. Now we are in.

1:17:02Here was a strong buyers. Okay. Again,

1:17:06market strong buy.

1:17:13They add on the bit. So that's pretty

1:17:14good sign for us. Mhm.

1:17:17>> If we don't take all the orders, it's

1:17:18beautiful. If we keep going long, it

1:17:21would be a really good trade, right? We

1:17:23took it even and now we have to break

1:17:25out here. Takes the 79. This is 94.

1:17:29Sorry.

1:17:32Let's see about that.

1:17:42So I can just

1:17:44we see the liquid. We see the liquidity

1:17:46here. Everything is not relevant

1:17:48anymore.

1:17:52Let's push it. Come on. I go break even

1:17:54right now. No reason to risk it.

1:17:57>> And if we see bigger pullbacks, I will

1:17:59just get out.

1:18:00>> Yeah.

1:18:01>> Let's go.

1:18:08Come on. He's a bit flat now, but I

1:18:12guess he will go higher. What does the

1:18:15NASDAQ do? Wow, look at this.

1:18:18NASDAQ is short while the ES trying to

1:18:22pump up again. Yes. So, you can see the

1:18:25market sometimes go really different.

1:18:30They're pushing a bit more.

1:18:37Looking like you want to take the

1:18:38upside.

1:18:41Yeah.

1:18:42>> So you just moved your stop.

1:18:43>> Yeah. Yeah. Because because um to the

1:18:468875 just you know that here I have

1:18:49saved some money. We did two trades

1:18:51already. The first one was a loss.

1:18:52Second one was a profit. So let's see

1:18:54about that. Here it's pumping the

1:18:57liquidity up here.

1:19:00Getting closer.

1:19:06I just stop it. Okay. You just closed

1:19:08out.

1:19:09>> I I closed it out because we saw here

1:19:12strong selling steps in again. I guess

1:19:14the NASDAQ is still short.

1:19:18>> He actually tries to range here.

1:19:22>> How much did you just make?

1:19:24>> Um

1:19:26>> 150 * 10.

1:19:28>> No, no, it was more like um we just we

1:19:30just started with minus 200, I think.

1:19:33>> So, yeah, it was like in total, you see

1:19:35the daily P&L right here. 350 times 10.

1:19:38>> Yeah, it's like we have the NASDAQ and

1:19:40the S&P trade. So, look this nasty

1:19:44market. It's even h it's moving now. But

1:19:46it doesn't matter. It doesn't matter.

1:19:48>> It's a nice day. Like we did 10 times

1:19:50685 89. So almost 7K

1:19:54>> on a day.

1:19:55>> Yeah. On a day.

1:19:55>> Nice.

1:19:56>> And of course like um

1:19:57>> really only about 15 total minutes of

1:19:59trading. Maybe 20.

1:20:00>> Yeah. Yeah. Because now the market you

1:20:02know is we can take so long. Let's Okay,

1:20:05let's take this. Let's just say right

1:20:07now we're going to take

1:20:10like we on a daily P&L 295. Yeah, we're

1:20:13just going to take here one lot.

1:20:17>> Okay. Okay. Right. So, right now we see

1:20:20here for example the NASDAQ. It's going

1:20:22full long, right? And we are a little

1:20:24bit late obviously, but that's fine

1:20:26because we see right here the market is

1:20:28aggressively buying like stepping in all

1:20:31the time. He's making pullbacks, but he

1:20:33still goes long.

1:20:34>> In the S&P, we put liquidity on the bit.

1:20:38>> Yeah. So, this is not interesting for us

1:20:40right now because since the market moves

1:20:42so far, we want to take a trade and

1:20:45trade it actually in um in the NASDAQ

1:20:48because we have more volatility. We see

1:20:50we are stepping down here like

1:20:52aggressive selling. We just wait for the

1:20:55moment

1:20:57to pull back a little bit more and then

1:20:59to jump in into the long.

1:21:02So what we have here

1:21:05very bullish candles

1:21:10market stepping back a little bit and

1:21:13here we break out like we have buying

1:21:15into the market here. strong buy and we

1:21:17just go in on the bit.

1:21:28Let's see how far we go. Setup is long.

1:21:34We pulling back again

1:21:40and I'm very sure that we will take out

1:21:42the high here on the 3,35 level.

1:21:46So, we're pushing and when we take it

1:21:49out, it will explode.

1:21:54We go a bit deeper inside here.

1:22:03He might take the liquidity on the 20

1:22:05level.

1:22:06That's fine.

1:22:09And then he breaks out. But looks really

1:22:11decent for the breakout. Very nice. Good

1:22:14run. Good one. Good one. Strong buying

1:22:18stepping in here all the way. Beautiful.

1:22:22Beautiful setup.

1:22:28And right now, you might notice it from

1:22:29the London session. We are pulling back

1:22:31like we did the pullback.

1:22:32>> We play the same game. We added it.

1:22:35>> We're in with the high position now.

1:22:38All 10 accounts and copy.

1:22:43And now, boom. Let's go low.

1:22:45>> Nice.

1:22:46>> He's pushing.

1:22:51Oh, here's some small mistake, but he he

1:22:53does take it to copy us on.

1:22:57Come on. Push it. Takes way too long.

1:23:00Come on.

1:23:03Beautiful one. Beautiful one. So, times

1:23:0610. 8,400. Done.

1:23:10You're going to request a payout

1:23:12>> in three days.

1:23:16>> So yeah,

1:23:16>> I'll be sure to take a look at it.

1:23:18[laughter]

1:23:19>> So this were this where here's the

1:23:20trades, right? Like let's talk about the

1:23:22setup.

1:23:23>> Um here we see the plus one plus one.

1:23:28Yeah. Like we added here

1:23:30and we added here then we took the move

1:23:34and went out at this point. Mhm.

1:23:36>> This was the 3,45

1:23:39like so right here was the big liquidity

1:23:42and here was the big push and we just

1:23:44went out before

1:23:45>> because it can be that the market turns

1:23:46around and that was the decision. So

1:23:49that was basically

1:23:50>> um yeah riding on the edge like

1:23:54>> we were so high but actually shows we

1:23:57can still go further. It would be

1:23:58beautiful to go in earlier

1:24:01>> but yeah we weren't.

1:24:02>> No, it was an excellent trade. I think

1:24:03you made the most out of what you had in

1:24:05front of you. Yeah, but very nice. So,

1:24:08three trades, one loss, two profits.

1:24:10That's very more than enough.

1:24:12>> $8,000

1:24:13and no rejected payouts. [laughter]

1:24:17>> I want to hand on that.

1:24:19>> Thank you so much for coming on here,

1:24:21showing us what you do. I mean, again, I

1:24:23it's just great trading. That's it.

1:24:26Nothing more, nothing less.

1:24:28>> IQ Capital, you can start your first

1:24:30challenge for as little as $1. Terms and

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