Goal Setting and Mindset in Trading
📌 Most traders mistakenly aim for $1,000 a day, which often leads to frustration and burnout, exemplified by the trader named 'Gran'.
🎯 The recommended starting goal for new traders is a more manageable and scalable $200 per day ($4,000 a month), which covers basic living expenses.
🔄 Achieving the $200 daily goal builds consistency, which is the first, second, and third rule for developing traders, leading to sustainable growth.
📉 Traders who focus on the higher, unreachable goal risk over-leveraging and ending up frustrated, often losing $700 or $800 trying to chase the last $300-$400 of their target.

Trading Strategy and Setup Identification
🛠️ To consistently make $200 a day, traders need three things: a high-probability setup they understand, focus, and strict risk management.
📈 A highly recommended setup for newer traders is scalping around the 9 EMA on continuation touches, which are fast, repeatable, and manageable.
🛡️ Superior risk-to-reward is achieved by risking approximately $50 per trade when targeting $200 daily, aiming for superior ratios like 5:1 or 6:1 over time.
🚶‍♂️ Avoid chasing breakouts without confirmation; instead, allow precise setups, like the 9 EMA rejection or pullback to a broken level (second chance scalp), to "fall into your lap."

Risk Management and Execution Discipline
🛑 A key risk management principle is the "One R Rule," where potential profit is targeted at 2R initially (e.g., risk $50 to make $100), with the goal of turning this into higher multiples.
⬆️ When trades move favorably, utilize the "stop game" by moving the stop loss up to preserve profit and capture maximum upside without predicting the final high point.
⏰ A major rookie mistake is trading immediately at the open (e.g., 9:30 AM to 9:35 AM), which often involves taking on more risk than the $200 goal justifies; traders should wait for setups to develop.
📝 Journaling and reviewing every trade is critical; without it, learning stagnates, as traders often misremember how events actually unfolded on the tape.

Daily Trading Routine and Focus
🔍 Professional development involves tightening focus by tracking only "B setups" (baseline trades) before attempting A or A+ setups to build fundamental consistency.
📅 A 60-day consistency commitment is recommended: prep 2-3 names daily with news and volume, build a game plan (stop/size accepted in advance), and journal every execution.
🔍 The SMB Scalp Radar tool assists by filtering noise and finding 7-12 high-quality scalping opportunities daily, mirroring the advantage professional trading floors utilize.
📈 The process emphasizes quality over quantity, ensuring traders are only executing trades where they perceive a real edge, rather than overtrading.

Key Points & Insights
➡️ Set a realistic initial goal of $200 per day to prioritize consistency over chasing large, unsustainable profits like $1,000 daily.
➡️ Be a "sniper"; wait patiently for high-probability setups like the 9 EMA rejection, rather than actively chasing initial volatility right at the market open.
➡️ Practice superior risk management by calculating share size based on a predefined stop loss, aiming to capture trades with 4:1 or greater risk-to-reward ratios.
➡️ Review trade tape meticulously after execution, focusing on the setup, entry confirmation, and subsequent price action to actively climb the skill development curve.

📸 Video summarized with SummaryTube.com on Dec 07, 2025, 13:26 UTC