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00:00:00 – 00:06:54
The video emphasizes the importance of entering trades early for both breakout and swing traders to increase success rates. Early entries within the first 10-15 minutes of the session are crucial for optimal results. The speaker mentions the significance of Toby Crabel's volatility contraction patterns and stresses the need for precise entry techniques and early identification of trading opportunities. Proactive trading, understanding strategies, and being the first to act are highlighted as key elements for successful momentum and swing trading. Overall, the video underscores the critical role of early entries in maximizing profit potential and building a trading edge.
00:00:00
In this part of the video, the speaker discusses the importance of entering trades early for breakout traders to increase success rates. They reference advice from the movie “Margin Call” emphasizing being the first to enter as a key skill. The speaker mentions Toby Crabel’s book on volatility contraction patterns, highlighting the significance of early entries within the first 10 minutes for better success chances. Strategies like using a watchlist can help in achieving early entries. Traders often fail to enter early due to seeking confirmation, leading to wider stops and lower profit potential. Overall, entering trades within the first 10 minutes of the session is emphasized as crucial for successful momentum trading.
00:03:00
In this segment of the video, the speaker discusses the importance of adjusting position sizes based on the probability of success throughout the day when entering trades. They emphasize the significance of entering trades early for swing trading and caution against entering late, especially just before the market close. The speaker emphasizes the need for early entries within the first 10-15 minutes of the market open for optimal results. They provide examples of trades entered early in the day, highlighting how quickly moving in one’s favor can allow for the stop to be adjusted to break even or even become profitable. The speaker emphasizes the critical nature of precise entry techniques and early identification of trading opportunities for building a trading edge.
00:06:00
In this segment of the video, the speaker advises swing traders to be proactive with their trades, emphasizing the importance of entering positions early for better outcomes. They suggest reading and understanding specific strategies, such as Toby Crabel’s paragraph, and reevaluating entry tactics if trading breakouts. Being the first to act is stressed as a smart strategy, especially when trading on smaller time frames like three to five days.