So if I was stuck on a desert island with nothing but cash, a computer, and an evil elf, what would I do? Well in this video? We're going to be going step by step by step on how I make 100 per day if I had to start from complete scratch without anything except for a small account and well, this video. And because this video is to myself, it's going to be focused on how I could do it as quickly as possible so that I can buy my way off that evil desert island. They only give you tickets if you make at least one hundred dollars per day. So the way that this video breaks down is as follows: Number One: We're going to be talking about what I need to do first before even starting to trade, and that is, of course, picking a strategy.

Obviously there are many ways to skin a cat, but I need to figure out what way I was going to do first. Number Two: then I'd have to go and prove that that strategy works, because if I pick a strategy, well don't I want to make sure it works before I actually go and trade it. If I was on a desert island and needed to trade my way off, you best be betting that I'd prove that the strategy worked before I actually did it. I'm not risking that small amount of capital that I'm on the island with.

I need to get off that island. Number Three: What opportunities or strategies would I personally pick? What are the fastest and highest probability setups and strategies that I'd personally take advantage of? Number Four: How would I actually allocate my opportunities in order to scale this up to 100 per day? And lastly, number Five: How much capital is this going to cost? How much money do I actually need in my account in order to make 100 per day? But before we get into all of this, I just want to be completely clear when I say 100 per day? Well, I'm talking about an average. Your week: The week that you trade will look more random in the short term because the stock market is a probability game, for example. Here's what a week could look like: if you're trying to trade for one hundred dollars per day.

On Monday you make 82 dollars. On Tuesday you make 173. On Wednesday you lose 41. On Thursday you gain 341.

On Friday you lose 43. These are random results, but these resemble the random nature of executing into a probability game while also properly managing your risk. And we can go ahead and round that down to 100 to account for the other weeks where we have more or less loser trades. But the point that you need to understand is that because we are trading in a probability game, that means that our results in the short term are based more on probabilities.

They're based more on luck as compared to our results Over the long run, you can control the long-term direction of your account, but you can't really control the short-term direction. You can only execute properly in a way that stacks up favorably over the long run. Let me put this another way: even if you have a week like this where you literally lose every single day, that doesn't necessarily mean that you have a losing strategy. The opposite is true as well.

Just because you won every trade in a week using a new strategy, that doesn't mean it's a successful strategy. Say you have a strategy that wins 60 of days over every 100 trading days. That means that 60 of those days are going to be profitable. 40 aren't going to be profitable.

So if you take just a week that has only five trading days total, if you lost all five trades, that doesn't necessarily indicate whether or not your strategy is successful because your win rate is only 60 over 100 trading days. So it's possible that all five of those trading days just came from the 40 trading days overall that were already destined to be unprofitable. So while losing a few days in a row or for a whole week can be demotivating, that doesn't necessarily indicate whether or not your trading strategy is worth keeping or not. Your sample size is just way too small.

And this is why so many people struggle. And it's why it's so important that I put this in the beginning of the video. first: People don't take the time to learn about what a high probability setup is. They don't learn properly, at least what a high probability strategy looks like.

And then when they do, they struggle to conceptualize that what they are doing needs to actually work over many trades and isn't proven with just one or two winning trades. But the worst part is when people learn the wrong way of doing something to get reinforced, how many of you have tried something new, had it work, and be like damn, something just really clicked today. But while it is possible that something did indeed click, just having one successful trade or even one successful trading day or trading week doesn't necessarily mean that anything clicked. Sure, it could have clicked, but you can't yet know because you don't have a big enough sample size.

So this is something that I need to rant about before we get into the video so that you have the correct preconceptions going in. It may all seem overwhelming, but in this video, we're going to be walking you through each of the steps in order to make 100 per day. We will help you surmount the unsurmountable and the only thing that I ask in return for this video. this ravishing video is that you hit that ravishing like button.

Okay, so step one is pick a strategy. Now there are many different types of strategies and different ways to skin a cat. But getting down to the bones of what a strategy is is it simply a way to recognize either previous patterns or different inefficiencies within the stock market that we can then go and exploit. For example, in my early trading days, I noticed pre-announced Fda approval plays would often run up massively prior to approval, and then they'd react massively in one direction or the other to set approval decision.

But I noticed that if I held through them, I'd usually end up having to deal with a halt where I couldn't trade chairs and couldn't close my position and then it could simply gap down so quickly upon reopening that I'd then end up getting my rear end hand it to me. So I acknowledged the opportunity, but also acknowledged the risk and I said, okay, well, how do I control this and what I said is I said okay, I'm going to go and I'm going to trade a pre-reaction if it comes and a post-reaction if it comes, but I will not. I will not hold through the announcement and then I fine-tuned the execution as I gained more experience. Another example of a strategy is my approach to Earnings Losers.

We it's a trader Love losers. We love top losers. A few years back, I started finding that earnings plays that would get beat down on bad news tended to overreact correct very quickly and provide an initial overreaction to trade off of, if not a full correction. Earnings plays tend to get oversold and then because they get pushed so far low, we can then go and play the balance.

So what I do is I keep a running list of stocks that have upcoming earnings and I'll play them if they get a beat down. I keep this running list in the Nightly Watch List and Zip Trader Circle, which is our free Facebook group link below. But I also found that just buying them when they get beat down isn't enough. I need them to show signs of recovery so that I know that I'm not buying a dip just to have it dip lower.

And these are just two examples of strategies that I like and opportunities that I like to exploit. but we're going to talk about more later. So step one was pick a strategy. Step two is prove that strategy works.

People often make the mistake of trading blindly or trading based on faith. I bet you a majority of the people watching this right now have taken somebody's trading advice, maybe even mine based on just pure faith alone. have no idea whether it works or not, have no idea, even if they're doing it correctly or not, but yet still decided to make decisions based on what they heard, watched, or read. People will put their faith in certain trading habits and certain trading skills and then execute purely on faith and hope that in the end everything just comes together magically and works out.

But the stock market respectfully is not a place for faith. Do not have faith in the stock market. Do not have faith in strategies that haven't been proven. Prove to yourself that something works.

The reason that this is so important is because if you're not absolutely convinced that what you're doing actually works, trust me, you'll quit at the first sign of trouble. Faith is easily lost, but facts and evidence aren't So how do you actually prove that something works Well, We established earlier that you can't possibly know whether a strategy works or whether you're even doing it correctly unless you execute many trades using it. And since we don't want to gamble on whether or not something works, my advice is to take test trades using simulated money aka paper trading. I can't stress enough how stupid it is to skip this step.

It's just extremely stupid and it's unhelpful. You need to paper trade folks. I've heard literally every excuse in the book. Charlie Paper trading is boring.

Charlie. Paper trading doesn't mimic real emotions. Paper trading makes me financially constipated. Surely paper trading? The waste of my time.

Charlie. Don't you know paper trading. It's different than real trading. Here's the thing: If you haven't yet established that what you're doing even works, then what is the point of using real money? It doesn't matter how good or bad your emotions are if you're executing on a trash strategy, you're going to get trash results.

So start by paper trading to ensure that what you're doing is effective, and then once you've established it works over a large enough sample size. You can then work on emotions and your discipline and executing them by using a small amount of real money. But okay, let's go ahead and establish an action plan so that we know how to complete the step. Part A which we already talked about, You are paper trading the strategy and analyzing the results.

After taking at least 100 paper trades to really be pure on this, you would ideally want an even larger sample size. But for the paper trading stage, this is enough to get a good estimate on whether something works or not. Then if it does work, you move on to Part B. Part B is practicing actually doing this with real money.

This is the stage where you are making sure you have the discipline and emotional stamina to actually put the strategy into practice by using a small amount of your overall account capital. That way you aren't risking too much, but also have the ability to work out any remaining kinks and learn what emotional discipline is and learn how to overcome the emotional obstacles that are necessary to execute it. In this stage, you are still proving the viability of your strategy, But don't get me wrong, there's viability when it comes to emotions too. If you just can't emotionally execute on something even though other people can, it's still not a viable strategy for you.

So your your strategy can still fail in part B, even if it passed in part A. But then if Part B passes, now you're at part C. In Part C, you are scaling in more amounts of capital to actually use what you've established as a successful strategy in the prior two parts. And the key with this stage is doing it slowly as the more capital you trade with the harder emotionally it is going to be to handle it.

So you are scaling slowly and easing into it, and if you've properly done the first few stages, your results will be scaling up fairly consistently in this stage as you add more and more capital. And so, Part D is ch ching. This is when you are making money, but this isn't forever and this is never guaranteed. You may have to return back to part A and refresh the process.

If you're finding that your strategy suddenly doesn't work anymore, or if your discipline is waning and for some reason you just can't execute on the strategy that you need to be executing on, then it's fine to return back to that first step. Now let me just get a few questions out of the way here. While the repetition in the beginning may sound annoying and it doesn't give you any sort of instant gratification that you get if you just skipped it and started trading with real money, what you have to realize is that by using this process you can actually prove to yourself that what you're doing is correct. and if you learn that it isn't indeed correct, if it fails in these first few steps, you'll gain the extremely valuable experience that comes with actually having put it into practice.

Okay, step three: what opportunities and what strategies would I personally choose if I was going to scale up to 100 per day? So, while I usually recommend beginning folks take slower opportunities like overreaction plays, this video is for folks who are looking to get to 100 per day as quickly as possible. I usually afford beginner traders a little bit more wiggle room when it comes to risk management by giving them slower positions. But because this video is talking about how to get there as fast as possible, that means that we're going to have to take a lot more aggressive trades. And that means also that we're going to have to double down on risk management to make up for the fact that we're skipping the slower opportunities.

So my opportunity that I would be exploiting is Catalyst Momentum Plays. These are some of the most aggressive plays in the market and also some of the most lucrative. For example, plays like Uavs. They ran up 28 yesterday on more rumors of their Amazon partnership and ran up 150 after we covered it back in July, or plays like Zoom that ran up after a positive earnings catalyst from 300 to 478 which is like a 50 plus jump And again, this isn't a random example, but one we covered this previous Sunday one day before the run.

But let me go ahead and tell you how to find these. One way that I identify a hype sector intraday or even intra month is by searching through Weeble's hot industry section. This sounds like a plug for Weeble and it could be if you click the link below, but most brokers have this function. It's just that I use Weeble, but it identifies the hottest sectors and lists the top stocks in each sector and you can adjust it for intraday, the last five days, the last month, and even the last three months if you were looking at the biggest plays in, say, software today.

for example, the biggest players today are Zm and Docu, but you can adjust it and say okay, which are the hottest sectors in the last three months and we see renewable energy, automobiles, and computer and household electronics. If you want to see what the hottest sectors are right now, we can look at the heat map to see the depth of how hot they are. Today the hottest sectors are computers, phones and electronics, chemicals, food and drug, textiles to name a few, but this sort of thing is helpful because it helps us not only identify the hottest sectors, but then it allows us to recognize the main stocks in them intraday. For example, Kodak was a hype stock a few weeks ago and was also today had ran up on a positive catalyst in terms of news, But if you weren't following the news, you could have learned about it just by going to the sector list.

But you can also go to the top gainers list and if you do this enough, you start noticing trends. For example, just looking at this, I can see Shll, which is an Ev stock running up 24. I can then backtrack and say okay, well, how is the Ev sector doing and then discover many other tickers like Workhorse, Spac, and just you know, the many other trades in the sector. And that's something that I could use to identify sectors that are having a lot of hype and see, hey, maybe there's some other stocks within the sector that are not getting enough attention that may be due for more attention, or maybe these stocks are getting too much attention.

Are they due for a pushback? These are things that are very important to understand if you're growing an account, but the other way to find momentum hype stocks is by attaching a clear catalyst to them. One of the ones that I'm probably the most known for are of course Fda approvals and I use Biopharmacatalyst.com I'm not affiliated with them, but they are a very good resource because they give you all of the different upcoming Fda approvals and they present it on this calendar. But if you want to trade earnings plays instead, you could use an earnings calendar like Weeble has or like Earnings Whisper on Twitter has or Finviz has. Wherever you want to get your earnings calendar, it's all for your game.

As long as you can find the tickers that have upcoming earnings, you can trade the pre-runs and the post runs. This is where for example, we found Zoom and Donkey which were both on our zip Trader watch list. Another tip that I can give you is focus on the most active and the highest volume winners. This is right over here and you can look here at any point during the day and see what stocks are the most active.

The ones that have the most volume are often the ones with the most opportunities. For example, Apple has been running massively the last few days. In really the last couple weeks, Neo has been on a tear with patterns. Kodak we already discussed has been wild.

Gogo was up like 40 percent today and so forth. so there's a few ways to find our momentum plays. Of course, because I am filming this after the market has closed, finding a lot of these after they've already run up so much. But if you're doing this intraday, you're finding them as they're already like 10 of the moves already gone.

But there's still 90 percent of upside, so it's still. It's not a terrible way to find these stocks and these setups okay. but let's go ahead and say you've identified Gogo intraday. in terms of execution and risk management.

We focus on trading these at confirmation and validation. These are our clear entry and exit point. So what this means is we find a good setup that makes sense to enter. For example, let's say we find this stock.

At this point we say okay, well here volume is dying. I see that volume is dying. it's a dying little dog. But we do see a clear uptrend over our red directional Sma line and it seems to only be getting stronger as the gap between the two is getting wider.

signaling strength. The wider the gap, the more upward direction it is. Right, Because it's higher up, it's getting wider. So thus that means hey, well, we have upward direction and we have strengthening upper direction.

But because we do have this failed breakout here, we'd have to say okay, well the next period of price strike needs to at least beat this level of resistance before I consider buying. Thus, if we get an increase of volume as well as more price strength over our blue Sma line, we'll buy in a confirmation and then boom we get a confirmation and we write the price strength until it eventually validates us out by crossing back below that Blue Sma line. And that allows you in this case, to take a chunk of the move. In other cases, you get validated out earlier, you have like a fake run and you end up breaking even or at a slight loss.

But if you're executing onto the highest probability setups which means executing into elevating factors and pairing this with an actual catalyst in a momentum position, then you won't have as many false runs to deal with. And when you do have the false runs, you can just control that by selling added validation. Of course, I wish I could go into the intricacies of how we trade and analyze setups and choose charts and yada yada yada. but if we did that, it would take like eight hours and I'd lose.

Most of you just understand the big details here. We've identified this as a Momentum stock and then we've identified its previous behavior, its trend, its need to break above it, and then we execute and make sure to sell at our predetermined exit point validation. We do have a whole in-depth course on this in Ziptraderu, but unfortunately again, I just can't cover the many, many, many different scenarios and many many different elevating factors and how that all comes together in such a short video. But I just want to cover the main point so that you can get to making 100 per day.

Okay, number four, how would I scale these opportunities in order to make 100 per day? So in order to make this work and grow your account quickly, you're going to have to diversify your positions and take a wide array of high probability setups. The reason for this is because if you want to grow your account as quickly as possible, you cannot afford to take just one high probability setup. If you have a small account and you want to grow it as quickly as possible, you cannot afford to bank it all on one high probability setup because again, nothing's guaranteed and if it goes poorly, you can't afford to bank your entire account on that. But anyways, this step means that you are taking advantage of multiple positions at once and that will look something like this.

You have one multi-day swing trade in Tesla which you made money on. You have a post earning swing trade in Zoom which you made money on. You have one false breakout day trade in Lpcn which is an Fda approval play which you lost money on. You have one clean day trade in Docu which you made money on.

You followed the volume on shll towards the end of the day and you and you have one really strong day trade on Shll confirmation and validation as always and this is an example of a schedule on how you'd be scaling your account with the different types of opportunities and the different position lengths. But your willingness to cut losses at validation is what will determine whether or not your losers eat you alive And as a beginner. hey, it's very, very hard to cut losses quickly, especially when you're cutting out a winner. If you have a winner that just went up like 40 percent and then it starts cutting back.

you don't want to cut that because you're like, well, it won before. Why can't it just keep going up? No, but you have to be able to acknowledge that at validation that winner is no longer winning, you just got validated out. I consider a position past validation to be a loser, so cut losers quickly. comment below.

If you understand, I will cut losers quickly. Charlie, We as traders can't afford to hold losers, especially if we have a small account. If you have tons of money and you can just throw stuff away for no reason, then fine, hold losers. but we at Ziptrader we don't hold losers.

Okay, next step, How does this all come together to make 100 per day? And how much capital will you need in order to do that? Well, let's go ahead and talk percentages first. If you are taking the most aggressive trades, you should be earning at least two to five percent per winning trade and maybe breaking even or losing one percent on losing trades. You'll have some outliers on both sides, but we'll just average it out and say on average, you're earning about two percent on trades when factoring in both wins and losses and averaging them all out. It's also worth noting that when I say two percent, I don't mean overall account growth.

Remember, we trade with portions of our account, so two percent is your gain on a single portion of your account, and in effect, it might end up being something like half a percent or whatever the combined total is. And remember, because we take not just day trades, but also swing trades, that means that on some days you're not even closing out of positions. So so let's just say, on a typical week you're taking about six swing trades, you're taking three day trades, and you're taking one swing trade that actually carries over to the next week. Well, in order to do this efficiently and earn 100 a day doing it, you'll need about 5 000 in trading capital and a margin account.

Most margin accounts double your buying power, so you'll have about twice the amount of buying power with the margin account. But of course, you also be limited because of the Pdp rule, which means you can only take three day trades within a five day period. But anyways, here's what your schedule could look like. Your six swing trades return an average of four percent each.

Some are much higher, some are much lower, but they average to four percent. Take six swing trades with about one thousand in each. One thousand times four percent equals forty dollars average return. And when you multiply that by six trades that takes you to two hundred and forty dollars, your three day trades then return three percent each.

On average, you trade using fifteen hundred in each and fifteen hundred times. three percent equals forty five dollars each. Three trades times. forty five dollars equals one hundred and thirty five dollars.

Then your one held fifteen hundred dollar swing trade has returned seven percent. but you haven't cut it because you haven't yet validated out gets you to 105. But anyways, 240 dollars plus 135 plus 105 equals 480 dollars and divided by trading days in a week, you make about 96 on average per day. This is within a standard deviation of the 100, but on some weeks you're going to make more on others, you're going to make less.

Sometimes your health swing trades lose, sometimes they win more. It all just depends, but on average. But in this way, you average out to 100 a day if executed over the long run. But here's the thing.

once you get to this threshold where you start having weeks like this. Well, obviously you're getting a lot more experience in, so eventually you're going to start making more money and you're going to be using more capital and you're going to have more experience behind your belt. So you're going to be making more money overall as a result, and the results just kind of keep going up. Of course, you're going to have bad periods where they go down.

You're also going to have periods where the market just throws money at you like it did back in March and April and May during the coronavirus situation. But anyways, this is just an example of how a typical week would look if you were using the strategy laid out in this video and you scaled up your capital and experience to actually earn this result. And it is also worth noting that it takes two days for buying power to settle after you close out of your position. So, Capital Allocation: While I didn't talk about it that much, it's very important because you may not have capital to trade with unless you lay these out in the correct way.

If you spread the trades out differently than I spread them, you may get better or worse results in terms of how much buying power you leave free. But for the purposes of this video, I just didn't want to over complicate it. But Charlie, Wait, five thousand dollars. I don't have five thousand dollars to trade with.

How can I make one hundred dollars per day? Well, that's fine. A lot of folks that come to us they don't have five thousand dollars to trade with. So what you do instead is you focus on skill instead of capital. You need to do that anyways, right? You need to learn the skill anyways first.

So you focus on skill before capital, and then once you have the skill, you take a small account of money. say a thousand dollars. Maybe five hundred dollars. I like to start with a thousand.

I think that's a better better spot. But you start with 500 or a thousand dollars and then you start scaling that up and in the process that it takes you to get that to five thousand dollars. hey, you've just learned how to actually trade. You've just gained a lot more experience that can then go and benefit you when you get to that five thousand dollar threshold and you can continue that experience to keep going up and up and up and up and scaling up your efforts.

Okay folks, well there you have it. My complete guide to making 100 per day by trading. I hope it was helpful and also completely grasp the idea that even though this is a mountable goal, a surmountable goal that it isn't easy, this isn't something that comes quickly. There's a lot of effort that goes into this, so make sure that you understand.

This takes a lot of work, and even though 100 per day doesn't sound like a lot of money to a lot of people, Well, it actually is, because that's the first threshold when you could say okay, hey, I just made consistently 100 a day by trading. I can just go and scale that up. I could do twice as much work. I could do three times as much work.

I just do more of what I was already doing. but I use more capital. I use more experience. I get better entries and exits.

I focus on fine-tuning all the little bits and details that weren't efficient. Okay folks, well let me know what you think in the comment section below. Are you going to be using these steps? Is there any adjustment that you'd make to these steps? What are your favorite opportunities? Let me know below and if you have any questions, feel free to also reach out below or join us in Zip trader circle. I'll put the link in the description below there.

We post nightly watch lists, so if you're having a hard time finding opportunities, well, the watch lists are there for your viewing pleasure. And lastly, if you are still looking to learn how to trade, well, we do offer Ziptrader E, which is our complete structured course and private tutoring chat for folks who are ready and dedicated to growing their account. so make sure to check it out if you haven't already. Okay folks, well have a great day and I'll see you in the next video.