Step-by-step process of selling on Amazon For Beginners 2024 1. Understand the Opportunity Amazon is Huge : Amazon is a platform where millions of people shop every day. It’s a great place to sell because the company handles a lot of the work for you, like shipping. Amazon FBA : Fulfillment by Amazon (FBA) means that Amazon stores, packs, and ships your products. This helps you save time and energy. Big Money Potential : A lot of sellers make six figures or more, and online shopping is growing, so there’s a huge opportunity here. 2. Ways to Sell on Amazon There are four main methods to sell products on Amazon: Retail Arbitrage : Buy products at a discount (like from Walmart) and sell them for a higher price on Amazon. Wholesale : Buy products in bulk at wholesale prices and sell them on Amazon at a markup. Private Label : Buy products, put your own brand on them, and sell them under your label. Passion Product : Create a unique product you’re passionate about, make it bette...
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1. Importance of Slowing Down Learning
- Avoiding Common Pitfalls:
- Rushing into trades without a deep understanding of market dynamics can lead to significant losses. Slowing down the learning process helps traders avoid these mistakes by allowing them to fully grasp the intricacies of the market.
- Building a Strong Foundation:
- A slower, more deliberate approach to learning enables traders to master essential concepts, such as market structure, key levels, and trading patterns. This foundational knowledge is crucial for consistent success in trading.
- Rushing into trades without a deep understanding of market dynamics can lead to significant losses. Slowing down the learning process helps traders avoid these mistakes by allowing them to fully grasp the intricacies of the market.
- A slower, more deliberate approach to learning enables traders to master essential concepts, such as market structure, key levels, and trading patterns. This foundational knowledge is crucial for consistent success in trading.
2. Using 15-Second Chart for Entries
Precision in Entry Points:
- The 15-second chart provides a detailed view of price action, allowing traders to identify precise entry points that might not be visible on higher timeframes. This can be especially useful when looking to enter trades with minimal risk.
Reduced Stop-Loss Sizes:
- By refining entries on the 15-second chart, traders can place tighter stop losses, reducing their exposure to risk. This approach is beneficial when aiming to enter a trade with a smaller risk profile.
Precision in Entry Points:
- The 15-second chart provides a detailed view of price action, allowing traders to identify precise entry points that might not be visible on higher timeframes. This can be especially useful when looking to enter trades with minimal risk.
Reduced Stop-Loss Sizes:
- By refining entries on the 15-second chart, traders can place tighter stop losses, reducing their exposure to risk. This approach is beneficial when aiming to enter a trade with a smaller risk profile.
3. Precision in Stock Entries
Significance of Precision:
- Precision in entry points is crucial for maximizing profit potential and minimizing risk. The transcript highlights the importance of being exact with entries, which can prevent missed opportunities and reduce the likelihood of being stopped out prematurely.
Dealing with Missed Entries:
- If a precise entry is missed, the transcript suggests using the 15-second chart or adjusting the strategy to capture the move later, rather than forcing a trade at a less optimal point.
Significance of Precision:
- Precision in entry points is crucial for maximizing profit potential and minimizing risk. The transcript highlights the importance of being exact with entries, which can prevent missed opportunities and reduce the likelihood of being stopped out prematurely.
Dealing with Missed Entries:
- If a precise entry is missed, the transcript suggests using the 15-second chart or adjusting the strategy to capture the move later, rather than forcing a trade at a less optimal point.
4. Analyzing Market Structure
Understanding Market Behavior:
- Analyzing market structure involves identifying key highs and lows, as well as understanding the overall trend. This analysis helps traders anticipate where the market is likely to move next, providing a framework for decision-making.
Importance of Time Frames:
- The transcript emphasizes the use of specific timeframes (15-minute, 5-minute, and 1-minute) to analyze market structure, ensuring that traders are focusing on relevant price movements within the appropriate context.
Understanding Market Behavior:
- Analyzing market structure involves identifying key highs and lows, as well as understanding the overall trend. This analysis helps traders anticipate where the market is likely to move next, providing a framework for decision-making.
Importance of Time Frames:
- The transcript emphasizes the use of specific timeframes (15-minute, 5-minute, and 1-minute) to analyze market structure, ensuring that traders are focusing on relevant price movements within the appropriate context.
5. Market Narrative's Role in Direction
Establishing Market Direction:
- The market narrative refers to the broader story or context behind price movements. Understanding this narrative helps traders align their trades with the overall market direction, increasing the likelihood of success.
Application in Trading:
- Traders can use the market narrative to identify potential turning points and areas of interest, such as key support and resistance levels. This understanding is essential for making informed trading decisions.
Establishing Market Direction:
- The market narrative refers to the broader story or context behind price movements. Understanding this narrative helps traders align their trades with the overall market direction, increasing the likelihood of success.
Application in Trading:
- Traders can use the market narrative to identify potential turning points and areas of interest, such as key support and resistance levels. This understanding is essential for making informed trading decisions.
6. Significance of Fair Value Gaps
Identifying Price Inefficiencies:
- Fair Value Gaps (FVGs) represent areas of price inefficiency where the market is likely to return to fill. These gaps often act as magnets, drawing price back to these levels and providing potential entry or exit points.
Trading Around FVGs:
- Traders can use FVGs as key levels to watch for potential reversals or continuations. Aligning FVGs with other technical factors, such as support or resistance, can improve the accuracy of trade entries.
Identifying Price Inefficiencies:
- Fair Value Gaps (FVGs) represent areas of price inefficiency where the market is likely to return to fill. These gaps often act as magnets, drawing price back to these levels and providing potential entry or exit points.
Trading Around FVGs:
- Traders can use FVGs as key levels to watch for potential reversals or continuations. Aligning FVGs with other technical factors, such as support or resistance, can improve the accuracy of trade entries.
7. Recognizing Price Imbalances
Impact of Price Imbalances:
- Price imbalances occur when there is a significant disparity between buying and selling activity, creating areas where the market is likely to return to balance. Recognizing these imbalances can provide insights into future price movements.
Trading Implications:
- Traders should watch for price to return to these imbalances, which can serve as potential entry or exit points. Understanding where these imbalances exist helps in anticipating price action.
Impact of Price Imbalances:
- Price imbalances occur when there is a significant disparity between buying and selling activity, creating areas where the market is likely to return to balance. Recognizing these imbalances can provide insights into future price movements.
Trading Implications:
- Traders should watch for price to return to these imbalances, which can serve as potential entry or exit points. Understanding where these imbalances exist helps in anticipating price action.
8. Interpreting Market Structure Shifts
Identifying Key Shifts:
- Market structure shifts, such as breaks in trend or changes in the direction of price movement, are critical indicators of potential reversals. Recognizing these shifts early can provide opportunities for profitable trades.
Application in Strategy:
- Traders should adjust their strategies based on these shifts, either by taking profits, entering new trades, or avoiding trades that go against the newly established structure.
Identifying Key Shifts:
- Market structure shifts, such as breaks in trend or changes in the direction of price movement, are critical indicators of potential reversals. Recognizing these shifts early can provide opportunities for profitable trades.
Application in Strategy:
- Traders should adjust their strategies based on these shifts, either by taking profits, entering new trades, or avoiding trades that go against the newly established structure.
9. Understanding Premium & Discount Zones
Identifying Zones:
- Premium and discount zones refer to areas where the price is either overvalued (premium) or undervalued (discount) relative to its recent price action. These zones are important for determining where to enter or exit trades.
Trading within Zones:
- Traders can use these zones to find high-probability trade entries, buying in discount zones and selling in premium zones, thus aligning their trades with the broader market dynamics.
Identifying Zones:
- Premium and discount zones refer to areas where the price is either overvalued (premium) or undervalued (discount) relative to its recent price action. These zones are important for determining where to enter or exit trades.
Trading within Zones:
- Traders can use these zones to find high-probability trade entries, buying in discount zones and selling in premium zones, thus aligning their trades with the broader market dynamics.
10. Managing Trade Expectations
Setting Realistic Expectations:
- Managing expectations involves understanding that not every trade will be a winner and that losses are a part of trading. The transcript advises traders to focus on the process rather than the outcome of individual trades.
Maintaining Discipline:
- By managing expectations, traders can avoid the emotional pitfalls of trading, such as overconfidence after a win or despair after a loss. This helps maintain discipline and adherence to the trading plan.
Setting Realistic Expectations:
- Managing expectations involves understanding that not every trade will be a winner and that losses are a part of trading. The transcript advises traders to focus on the process rather than the outcome of individual trades.
Maintaining Discipline:
- By managing expectations, traders can avoid the emotional pitfalls of trading, such as overconfidence after a win or despair after a loss. This helps maintain discipline and adherence to the trading plan.
11. Journaling for Consistent Improvement
Benefits of Journaling:
- Keeping a trading journal allows traders to track their progress, learn from mistakes, and refine their strategies. The transcript emphasizes the importance of journaling as a tool for continuous improvement.
Focus Areas in Journaling:
- Traders should note down their thoughts, emotions, and observations during trades, as well as the outcomes. This helps in identifying patterns in behavior and decision-making that can be improved over time.
Benefits of Journaling:
- Keeping a trading journal allows traders to track their progress, learn from mistakes, and refine their strategies. The transcript emphasizes the importance of journaling as a tool for continuous improvement.
Focus Areas in Journaling:
- Traders should note down their thoughts, emotions, and observations during trades, as well as the outcomes. This helps in identifying patterns in behavior and decision-making that can be improved over time.
12. Benefits of Understanding Order Flow
Role of Order Flow:
- Order flow refers to the actual buying and selling activity in the market, which drives price movements. Understanding order flow helps traders anticipate where price is likely to go, based on the behavior of large market participants.
Using Order Flow in Trading:
- By analyzing order flow, traders can align their trades with the direction of institutional activity, increasing their chances of success. This involves focusing on key levels where large orders are likely to be placed.
Role of Order Flow:
- Order flow refers to the actual buying and selling activity in the market, which drives price movements. Understanding order flow helps traders anticipate where price is likely to go, based on the behavior of large market participants.
Using Order Flow in Trading:
- By analyzing order flow, traders can align their trades with the direction of institutional activity, increasing their chances of success. This involves focusing on key levels where large orders are likely to be placed.
13. Identifying & Trading Liquidity Pools
Significance of Liquidity Pools:
- Liquidity pools are areas in the market where a large number of buy or sell orders are concentrated. These areas often act as magnets for price, as the market seeks to fill these orders.
Strategies for Trading Liquidity Pools:
- Traders can identify and target these pools for potential reversals or breakouts. Understanding where these pools are located helps in anticipating where the market is likely to move next.
Significance of Liquidity Pools:
- Liquidity pools are areas in the market where a large number of buy or sell orders are concentrated. These areas often act as magnets for price, as the market seeks to fill these orders.
Strategies for Trading Liquidity Pools:
- Traders can identify and target these pools for potential reversals or breakouts. Understanding where these pools are located helps in anticipating where the market is likely to move next.
14. Benefits of 15-Minute Time Frame
Overview:
- The 15-minute time frame provides a balance between the detail of shorter time frames and the broader perspective of longer ones. It’s an ideal time frame for intraday traders looking to capture short- to medium-term moves.
Application in Trading:
- Using the 15-minute chart helps traders identify key intraday trends and reversals, providing clear signals for entry and exit points. It’s particularly useful for spotting high-probability setups that align with overall market direction.
Disclaimer: Please note, this is not financial advice—always consult with your financial advisor before making any investment decisions.
This playlist is created based on my understanding from the ICT Mentorship 2024 Program.It is purely for learning purposes, and I am uploading condensed versions of my notes from what I've learned in the ICT Mentorship 2024.
For the full videos, you can visit the official ICT main playlist.
Overview:
- The 15-minute time frame provides a balance between the detail of shorter time frames and the broader perspective of longer ones. It’s an ideal time frame for intraday traders looking to capture short- to medium-term moves.
Application in Trading:
- Using the 15-minute chart helps traders identify key intraday trends and reversals, providing clear signals for entry and exit points. It’s particularly useful for spotting high-probability setups that align with overall market direction.
Disclaimer: Please note, this is not financial advice—always consult with your financial advisor before making any investment decisions.
This playlist is created based on my understanding from the ICT Mentorship 2024 Program.
It is purely for learning purposes, and I am uploading condensed versions of my notes from what I've learned in the ICT Mentorship 2024.
For the full videos, you can visit the official ICT main playlist.
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