Never Lose A Trade Again (84% Rule Trading Concept)
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In this video, I go over how to properly use the 84% rule which will help you reevaluate and correctly re-enter trades without FOMO.
You can use it on options, stocks, forex, etc.
Please LIKE this video if it provides you Value!
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Time Codes:
0:00 - Introduction
0:17 - Big Announcement Next Week
0:40 - What's The 84% Rule?
4:11 - 3 Steps To Use The 84% Rule
5:55 - Futures Trade Using The Concept (NQ)
8:59 - Bullish Trade With 84% Win (SPY)
DISCLAIMER: I am not a financial advisor and anything that I say on this KZread channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
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Пікірлер: 69
OMG this is ah ha moment. I have been using your 5 mins opening range in last couple of weeks. When I get stopped out, then next time when it comes to 5 mins range, I go to the opposite of the first trade I stopped out (i.e: if I get long, I take short), but almost always it's going against me. Granted that in last couple of weeks, all seasonality is extremely bullish so going to short is almost never working (except few instances). This video explains a lot and I will adjust my plan accordingly. Thank you
Been watching all these videos and are really helpful. Can’t wait for some more strategies!
happened today, this video confirmed my thesis. Thank you again!
ty very much, this is the concept of "waiting acceptance level" before enter in a breakout/breakdown
Really one of the best instructors out here
That comes Jared Wesley from Live Traders. Thanks for sharing!!!
Thanks for the strategy
OMG. You are so right. I've seen this happening over and over to a point that I began to ignore my 1st entry chance and wait for the 2nd. I had zero idea this had the name 84% rule.
Jared Wesley here with Live Traders.
@bbyrob315
5 ай бұрын
THIS... the crazy thing is it's 84% because it was 84% of Jared's trades there is a lot of context missing from this video. I had mad respect for Scarface until this video came out.
So ready for next week brother
@ScarfaceTrades
5 ай бұрын
Can't wait!
Appreciate the video
@ScarfaceTrades
5 ай бұрын
Thanks!
Great stuff again! Do you always use the same target on the 2nd trade even if the win happens to be less than 2:1? Or just skip it then?
I thought I had Two Steps From Hell playing in my playlist when I heard it in this video. Glad to see another TSFH fan here. I love both Nick Phoenix's and Thomas Bergersen's work.
He is right, the 84% Rule is a thing... I'm getting more n more consistent. Ty once again Tony... 💖💙💜
Great stuff as always. Thank you.
@ScarfaceTrades
5 ай бұрын
My pleasure!
Great video, can i ask how you decide what your directional bias is for the day? For example, in that /NQ trade after the stock stopped you out, why did you decide to keep your long bias as opposed to looking for the break and retest to the downside?
Here patience has more weightage , retest with proper setup works properly. But time frame does not mentioned. Thanks for weekly episode
It is THAT TIME OF THE WEEK
Great video, I always look forward to your next post. What is the trading platform that you use to trade with? I notice this is not Trading view or TOS.
Excellent information as always. Thank you so much for sharing your work. I just found your YT channel a few weeks ago and have almost got thru all your past videos. I'm signed up for the next Mastermind class, but I don't see anywhere what the cost is. Can you share that now?
Wow! Impressive
I struggle with what to trade. I learned a lot on KZread, however, most stuff do not apply as I’m trading small caps top gainers. Could you please guide on what to trade consistently.
Great video. Are these trades in futures? How much capital do you need in your account to make 1000 per day?
Hey Tony, does all your strategies apply for GOLD scalping ?
Question, when plotting the low, why did you plot the previous swing low instead of the all time low of the day? It seems once it hit that all time low it shot down and once it broke back above it, it shot back up. And just wanted to say, you have the best channel I have seen to describe trading patterns and ways to do well. Appreciate all you are doing man! Blessings
Man you make it sound like taking candy from a baby! Good stuff 💯
@ScarfaceTrades
5 ай бұрын
Appreciate it
You jump in on such a quick retest? What time frame are you looking at? I’m new so I’m trying to get a gauge and usually I thought the retest had to be a little better than one or two quick candles after breaking resistance.
Great
New to channel love the content is there a way to get in contact with you?
I appreciate your videos ,great lessons. I would like to know what stocks are used the most for these trading plans?
@ScarfaceTrades
5 ай бұрын
These can be used on all trading instruments such as futures and options. I trade TSLA & SPY the most myself.
@johndutton572
5 ай бұрын
@@ScarfaceTrades thank you your reply 👍
I actually seen a video about the 84% rule before but never really sunk into mindset. This happens frequently because of fakeouts.
All these strategies are working on the crypto market as well?
Hi Bro is it possible this strategy in crypto?
Which trading platform is this?
Will you be going live through Mastermind on the open of the Market?
@ScarfaceTrades
5 ай бұрын
I trade 9:30-11am EST Live in there.
what do you trade on
Could you please add how many contracts with the total amount in your weekly videos . Then the final amount you made after the trade is done ?
You gotta get a proofreader for these captions
@ScarfaceTrades
5 ай бұрын
Starting next week!
❤
Honestly supply and demand would of worked better than break and retest
Are doing crypto?
This has happened to me SO many times. It is infuriating. Working on better execution.
Do you live trade ?
It's a good channel besides the NFC community
How can I join discord
I dont understand how you choose your psychological levels. Can you explain?
@IXOFISH
24 күн бұрын
Whole numbers like 192 instead of 192.83957281 people like to sell and buy at those numbers
Is that 1m tf? Or 1hr?
Bro, Eagerly waiting for your video on 2-Jan-24
And what's the math on this? Why should it work 84% of the time?
Why 464?
And what happens if it works 50% of the time on second entry?
If it failes 2nd time then loose more
5 minutes?
84%Rule….