A few weeks ago, I had thought about creating different levels of a subscription service and then providing various content to each of those levels. But then I started to evaluate what I was doing and I started to ask myself, “Why”? Why reinvent the wheel? There are already so many good content creators out there who can create educational videos that are far better in quality than I could ever hope to produce. And for free. So, why don’t I just stick to doing what I do best (which is trading) and allow paid subscribers to ride along shotgun if they so desire.
That is when I re-vamped my plan. Now, all paid subscribers can satisfy their curiosity and see what I am trading, when I enter, when I exit, how my portfolio is allocated, etc.
But some of you may still wonder how I spot my entries. What constitutes a good setup? Why I don’t use many indicators beside the RSI? Etc. Well, I really didn’t have a great answer to this for all of you. I guess it is just something I learned how to do through experience and placing 100’s of trades. But, it wasn’t until I was browsing around on YouTube today, that I stumbled across this video that explains almost perfectly how I actually trade using candles, chart patterns, levels, and of course, the RSI.
The light went on and I knew instantly that this was actually how I have been trading all along. I just didn’t know how to put it all together like it is put in this video.
So, here it is. A video that actually explains almost completely how I trade (minus my levels strategy). Enjoy. It’s a bit longer, but explains what I often do to call a good trade setup out.
Video - Best RSI Indicator Trading Strategy