I wish I knew these 3 things before I start

I've lost thousands of dollars in day trading just by following these steps
market structure price action and liquidity for entering and exiting trades
Here's how to find and read 👇 them
1. 𝗠𝗔𝗥𝗞𝗘𝗧 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗘𝗦
First, we need to understand and define three market structures
1. Uptrend
2. Trend Drop
3. Consolidation/Range/Sideways Movement
2. 𝗜𝗗𝗘𝗡𝗧𝗜𝗙𝗬𝗜𝗡𝗚 𝗧𝗥𝗘𝗡𝗗𝗦
Uptrends – defined by higher highs and higher lows
Downtrends – defined by lower highs and lower lows
Sideways movement - defined by the fact that the lows and highs are almost the same, forming a box
3. 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘𝗦 𝗧𝗢 𝗨𝗦𝗘
MACRO TRENDS
- DAILY WEEKLY PERIODS
MICRO TRENDS
- 4G 1G 30Min 15Min 5Min
Micro trends will help you identify an intraday trend for good entries and exits
Macro trends will help you identify the overall trend so that you stay in the trading cycle
𝗧𝗜𝗠𝗘𝗙𝗥𝗔𝗠𝗘𝗦 𝗖𝗢𝗡𝗧.
Don't get stuck on smaller timeframes, like 5 minutes
One thing that helped me find liquidity, not panic, and make swing trades was to look at higher timeframes
Always zoom in and look at the bigger picture and macro trends
4. 𝗕𝗢𝗦 𝗩𝗦 𝗖𝗛𝗢𝗖𝗛
Now that we've determined how to find trends, let's take a look at how to trade them
We have two concepts to know
BOS - Structure Breakthrough
- Character Change
𝗕𝗢𝗦 𝗩𝗦 𝗖𝗛𝗢𝗖𝗛 𝗖𝗢𝗡𝗧.
BOS – This signifies a breakout of a lower low in the case of a bearish trend, while in a bullish trend, it signifies a breakout of a higher high.
– Lower High or Higher Low Breakout: After a structure breakout, the price will reverse to reverse the trend. It will then break through the last lower or higher highs. In the case of a bullish trend, the price will break through the higher lows, while in a bearish trend, the price will break through the lower highs.
Trend reversal: After the above-mentioned steps, the price will reverse its trend. This is known as a change of character in the market. For example, if the last nature of the market was bullish, then it changed to bearish.
5. 𝗬𝗘𝗔𝗥𝗟𝗬 𝗘𝗫𝗔𝗠𝗣𝗟𝗘
Here is an example of the BOS and pattern. After a series of bearish trends, (LL LH) price breaks through the lower low to a higher high. This stands for BOS in, which should give a trend reversal.
6. 𝗛𝗢𝗪 𝗧𝗢 𝗙𝗜𝗡𝗗 𝗟𝗜𝗤𝗨𝗜𝗗𝗜𝗧𝗬 𝗧𝗢 𝗧𝗔𝗞𝗘 𝗧𝗥𝗔𝗗𝗘
Enter a trade: When a pattern forms, mark the supply/demand zone based on the latest trend. Wait for the price to return to the zone and then enter the trade in the direction of the trend reversal.
Add a stop-loss level: Place your stop loss a few pips below the demand zone. If it is breached, it will void the deal as it creates a lower low
Taking profit: exit the trade when a counter-trend pattern appears on the chart again.
7. 𝗪𝗛𝗔𝗧 𝗪𝗘 𝗟𝗘𝗔𝗥𝗡𝗘𝗗
- Find trends
- Understand price action and market structure
- Find liquidity to execute trades
- Timeframes to use
- BOS vs