What The #1 Day Trader On YouTube Could Do With Funded Accounts & Trade Copier

A detailed walkthrough of a live day trading session using the E-mini S&P, including strategy, risk management, and trade annotation.

Summary

  • The session takes place on January 10th, 2024, using the TradingView platform set to New York local time.
  • ICT poses a hypothetical scenario of trading with $100,000 of simulated capital and managing 10 such accounts.
  • The strategy focuses on targeting relative equal highs for trading, with an explanation of order blocks and fair value gaps.
  • ICT emphasizes the importance of proper money management, risk management, and annotations for successful trading.
  • The session aims to demonstrate how to parlay accounts up to reach an annual salary level by leveraging compound interest and efficient trading strategies.

Chapter 1

Introduction to Live Trading Session

0:00 - 1 min, 29 sec

ICT introduces a live trading session with a focus on the E-mini S&P and discusses the hypothetical management of multiple funded accounts.

ICT introduces a live trading session with a focus on the E-mini S&P and discusses the hypothetical management of multiple funded accounts.

  • The video takes place on January 10th, 2024, during market hours with the TradingView platform showing New York local time.
  • ICT outlines a scenario of trading with $100,000 of simulated capital over multiple accounts.
  • A trading approach targeting relative equal highs is previewed with a plan to take profits in a specific price area.

Chapter 2

Trade Execution and Account Management

1:28 - 45 sec

ICT demonstrates how to execute trades and manage a $100,000 simulated account, including the math behind copying trades across multiple accounts.

ICT demonstrates how to execute trades and manage a $100,000 simulated account, including the math behind copying trades across multiple accounts.

  • Using his son's account as an example, ICT explains how he would copy trades across 10 accounts without a trade copier.
  • The video details the equivalence of trading 100 contracts to manage 10 separate $100,000 accounts.
  • ICT discusses the intention behind this strategy, which is to understand the risk and math involved in trading.

Chapter 3

Trading Strategy and Risk Management

2:14 - 47 sec

The strategy involves targeting a fair value gap and using order blocks to predict market movement, with a focus on risk management.

The strategy involves targeting a fair value gap and using order blocks to predict market movement, with a focus on risk management.

  • ICT describes his trading strategy, focusing on a premium area that he anticipates will be a draw for price action.
  • He explains the concept of a sell-side imbalance and buy-side efficiency.
  • Risk management is discussed, with the goal of using less than 1% of the account for each trade.

Chapter 4

Annotating Charts and Trading Psychology

3:01 - 3 min, 29 sec

ICT emphasizes the importance of chart annotations for educational purposes and the psychological aspects of trading.

ICT emphasizes the importance of chart annotations for educational purposes and the psychological aspects of trading.

  • Charts should be annotated with clear indicators of what levels are being targeted and why, pertaining to the trade setup.
  • The video highlights the importance of logging trades and journaling as part of monitoring key performance indicators.
  • ICT touches on the necessity of discipline, accountability, and personal responsibility in trading.

Chapter 5

Trade Management and Goals

6:29 - 1 min, 29 sec

ICT discusses his approach to the Robins Cup in 2024, trade management, and the potential to achieve significant financial goals.

ICT discusses his approach to the Robins Cup in 2024, trade management, and the potential to achieve significant financial goals.

  • He plans to use a simple but effective trading strategy in the Robins Cup for 2024.
  • ICT talks about the power of compound interest and proper money management in achieving trading goals.
  • The session showcases the potential to reach a significant annual salary through disciplined trading.

Chapter 6

Conclusion and Insights

7:58 - 3 min, 32 sec

ICT concludes the session by summarizing the trading insights and encouraging traders to be disciplined and consistent.

ICT concludes the session by summarizing the trading insights and encouraging traders to be disciplined and consistent.

  • ICT wraps up by demonstrating the financial results possible with the discussed trading strategies.
  • He challenges traders to adopt the necessary traits for success and to utilize the resources available on his YouTube channel.
  • The session ends with a call to action for personal improvement and a disciplined approach to trading.

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