I've been training for over five years and I've had my ups and downs trying to learn how to trade in this video I'm going to save you years of time trying to find a strategy by showing you the exact strategy that I use to make a living day trading full time so withoutFurther Ado let's get right into the video so like I said this is a strategy I trade the most when I'm trading personally I make a living based off this strategy and you can really trade this on any single time frame so what is the strategy called it's basicallyPullback training breakouts or break and retest it involves identifying a stock that has experienced an upward downtrend and then waiting for a pullback in the opposite direction before entering a trade the strategy allows traders to enter trades with a high risk to reward ratio as they are buying at a lowerPrice in an uptrend or selling at a higher price in a downtrend than the most recent pivot so essentially all the strategy is is buying the first pullback after a breakout of high of day or low of day now let's talk about the risk to reward ratio of this strategy when we'reTrading this it's really important to understand that we want at least a one to two risk reward ratio this means if we even do lose two trades we'll still be profitable if we win that third trade and because of this we only need a 40 win rate to actually be a profitableTrader how many Traders think that you need 60 percent or above to be a profitable Trader but if your risk to reward is aligned with your strategy and your setup then you really don't need that high of a win rate right so me personally I aim for at least a one toTwo risk reward ratio sometimes I'll get a one to three sometimes I'll even get a one to five but most of the time I'll get around to one to three but I try to aim for a minimum of a one to two risk reward ratio when I'm trading theStrategy and because of this I only need really a forty percent win rate there's three steps to trade this strategy number one is identifying Market Trend this means you need to identify when the market is in an uptrend or a downtrend you need to understand where the higherHighs and higher lows are being put in and based off of this we can then trade based off our simple strategy now number two we only trade the high of day or low of day pullbacks so because we're trading with the trend we're not reversal trading therefore we need toEnsure that every single trade that we take it's only high of their low of day because there's a lot of buyers slash sellers sitting at high of day or low of day pivot Points and this is because there's a lot of orders around those levels so when we do get a pullback toThat previous high of day move we will see buyers stepping in for the long side or seller stepping in for the short side on that specific pivot level and therefore the probability is with us more when we have more buyers or sellers moving the markets near those high ofDay or low-day pivot levels because we have more volume okay number three you must enter the stock based off of the strong price action it has so if we're going long on a stock we really want those strong handle sticks present while we're trading now if you guys haven'tWatched my previous video on how to read candlesticks and price action it's really important you watch that video before you watch this one because then you'll understand what indicates strong price action and therefore it'll be more beneficial for you when you are trading this strategy and finally this isn't aStep but it's really a criteria we want at least a one to two wrist award ratio on every single trade that we take this is in order to ensure that we do have the same risk every single time this is because we know that we're going to riskA specific amount on every single trade and therefore our psychology won't be affected if we do lose trades because we already knew how much we were losing or willing to risk on that trade so now that we understand how the setup works and what to look for let's go look atReal examples of this strategy here we are on a real example now this strategy is simple and I want you guys to understand exactly what I'm doing so let's play out this trade and see exactly what I would be looking for on a brand new day on spy here so as we canSee we are currently trending to the downside however there hasn't been a trend established just yet we need either a lower high to be established or a lower low vice versa if we want to go long on this stock we need a higher highOr a higher low so here we can see a lower low being established on spy however as we can see this previous pivot low just got taken out and now we just made a new high therefore the trend actually switched to going long so let's play out this trade and see exactly whatHappens we're looking to of course only take trades on high of day or low of day right those are the most profitable areas like we've talked about and as we can see here we're coming up near that high of day move and we just broke above high of day nowIf we couldn't get a nice retest on this high of day that would be ideal the next five day we see here is 419.74 so this can also be used as a new high of date entry criteria if we do break above this rate for a pull pack entryIt's crucial about the strategy is we are trading the pullback we're not trading the breakout so it's a little bit more of a higher win rate strategy so let's keep playing this trade out as we can see we get another high and right here we can see on thatPrevious High day pullback these two candles show that there's buyers coming in right with the hammer candle at first and then a doji candle showing that the price is neutral but we're on a previous high of day so this is where we would enter the stock rate because the trendOn the day is still to the upside rate so the number one thing we need to understand Trend rate is to the upside low higher low high or low and now this is putting in another higher low so the trend is to the upside we're trading thePullback we broke out of high of day so those they are criteria and so now what we're going to do is we're going to be looking for a long position we're going to buy our stock here what we're looking for here is a risk to reward of at leastTwo so we put our stop loss below that previous structure break and then we put our profit Target at a risk reward of two now for me personally I like to go for off targets where there's whole psychological numbers involved and uh here we see a whole psychological numberAt 421 so that's where I'm going to put my profit Target on this specific trade and so that's a 2.19 risk to reward trade okay so let's play out this trade here we just created a new high of day all right and just like that we just gotOur new high of day at 421 and we also made 1090 on this simple trade rate simple pullback strategy all the way up to a new high of day so we're going to sell out our contracts there and as we can see on the bottom right corner hereWe made 1090 on this simple trade now let's go look at one more example okay here we are on another example on Tesla as we can see we see a low of a at 209.75 and we see a high of day currently being put in here at that 21310 level on Tesla now one thing that I want you guys to notice is in between these levels we don't want to take a single trade this strategy is extremely simple because it works based off of the previous Hive day and low of day pivot levels so in between this is really justNoise and we don't want to take a trade or fomo or anything like that we want this stock to break in either direction and then have a nice pullback entry for us so we can trade with the trend and not fight it here we can see theMomentum coming in for a high of day we break above high of day here so what we want is a pullback here into 213 tens and as we can see here we just got that entry criteria right so once again the trend is to the upside we just created aNew high we created a new high and currently we're creating a new higher low we have two really strong candles showing that buyers are entering into the stock here with that hammer candle being present on the stock for our stop loss here once again we're going to putIt below Market structure so so I see a pivot level consolidation here at 211.94 we can put our stop loss there and for our profit Target of course we're going to be looking for whole psychological numbers plus ensuring that we have a risk reward of at least two and a profitTarget comes in here at 216 giving us a risk reward of 2.04 and we're going to buy our trade here and we're going to let it play out from this level currently we made new high of day but we just couldn't break above it on this previous level however we're seeing aNice move and a continuing in momentum right we see a nice low a higher low here another higher low and we keep moving to the upside we don't want to take any profits until we can break 216. and just like that right we broke at 216And our profit Target we made a risk reward of two points and we made 2613.70 on this simple trade we're gonna sell out at the position there and that is 2613 for this very simple trade by only trading pullbacks on new high of day orLow of day so I hope in this video you guys see how simple a trading strategy can be to be a profitable Trader this trading strategy has allowed me to make consistent profits in the market as well so if this video helped you make sure to leave a like And subscribe to theChannel I make videos every Tuesday and make sure to follow me on Instagram and Twitter and I'll see you guys next week with a brand new video