In Depth Chart Breakdown

✦──DESCRIPTION──✦
Welcome back to the RakeTrades YouTube channel! In today's episode, we're going to be doing a deep dive into the charts to see how the stock market reacted to earnings from names like AMD and the reaction that it had to the most recent FOMC event that took place on Wednesday and was responsible for a large spike in volatility.

I did not trade very well from Monday to Thursday of this week, so I know that If I was struggling, there were definitely some other traders out there in the same boat as me. However, I was able to implement some strategies to help me bounce back on Friday and you'll see in real-time how I created that plan on Thursday after FOMC and how I traded my plan on Friday which was definitely a major bounce back for me.

As day traders it is incredibly important to how the market reacts to news like FOMC! I hope you enjoy this video, if you do, remember to like and subscribe!

✦──DISCLAIMER 1──✦
The information presented in this video is purely educational. Jake Ricci and RakeTrades LLC are not registered as financial advisors. Any information presented by Jaki Ricci is purely educational. This is not an offer to buy and sell futures. Trading comes with risks. You must understand those risks before attempting to trade. Please do not blindly follow information, analysis, or ideas presented in this video without doing proper due diligence. Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

✦──SOCIAL MEDIA──✦

✦──TIMESTAMPS──✦
0:00 - Thursday Introduction
1:16 - Thursday Charting Breakdown
17:02 - Thursday Conclusion
17:35 - Friday Introduction
17:47 - Friday Charting Breakdown
28:00 Friday Conclusion

#stockmarket #trading #daytrading

[youaretheyone]

Jake can you do a video on what you look for on entry and exits 🙏

[johnvanessche]

Which time frame do you usually trade with?

[Brucebradburyfilmmaker]

Jake, thank you so much for this video. It was excellent to just have you go through the charts for an extended length. I appreciate it.

And I appreciate you talking about your challenges with ruts, I’ve recently been in another rut for the past few weeks

[angeliques]

I have to ask, where's your shirt from? 🤩

[ashleejordan]

Where can I get that daily open, ydayhigh, yesterday low, yday close script?

[alanharding]

Ya I didn’t even take a trade this past week. Missed the morning moves, this year the move usually doesn’t happen til an hour or two after open. I work a full time job so hard to wait

[kluz]

The Man, The Myth, The Legend... Thank you bro

[alexlloyd]

When you wait for a candle close, doesn't it mess up the risk to reward?

[Beyza_nur_merve]

bro why all your videos has a yellowish filter after u moved to NYC? your old videos were much better.