HOW TO MAKE $250 A DAY – TRANSCRIPT

What’s up, Money Geeks. Mr. V here. Welcome to another video, guys. So, in today’s video, I want to show you guys, step by step, how I can make $250 a day trading the stock market. But before we get started, guys, if you’re new to the channel, we talk about how to earn money, save money, invest, and build wealth. So, if that’s something that interests you, go ahead and hit that subscribe button and the notification bell, so you don’t miss out on new content.

So, I’ve been posting on my YouTube channel, telling you guys how I’m able to make $250 a day. Some days I make $300, $400, $800, and some days I make $150. So, when I did an average every month, I make about $250, which’s my goal. The objective is not to try to be greedy but to take advantage of what’s given to me because greed would get you into trouble and make you lose money in the stock market. So, if I go in, and I’m making $50 in less than 2 or 3 minutes, that’s good money for me, and I’ll take that and put that in my pocket. I don’t want to sit there and hope to make $1,000. So, that’s the way I approach it; I want to be cautious.

So, before we get into the step by step, I want to lay the groundwork here. So, what we’re going to look at today is the platform that I use. If you don’t already know, then I use WeBull for trading the stock market. So, right now, WeBull has a promotion where if you sign up, you get two free stocks – one valued between $2 and $250, and the second one between $12 and $1,400. So, if you want to try WeBull, I’m going to put the links in the description below. You can definitely go and try them.

So, where do I find the stocks that I trade? I’m going to show that here. Again, I use WeBull to find the stocks that I trade, which is one reason I left Robinhood to come to WeBull. So, I’m going to show you how I choose what stocks I trade for the day. And again, just a disclaimer here, what I’m going to show you guys is something that you can copy and try, but there is no guarantee that this will work for you. This is my proven strategy; it’s worked for me, and I actually put in work over the few months to really study the market and understand what I’m doing before I could get these numbers.

You can definitely practice as well, but you don’t have to practice with real money – you can use paper trading, which I’ve actually done a video about that here on the channel, and you can do that in WeBull. I’m going to hook it up here, so you can definitely try and practice with fake money paper trading so that you can really hone down on your own skills. Once I find the stocks that I want to trade, I go to the WeBull trading web app because I want to use it on my big screen to see exactly what I’m doing there. Once I go in there, I have different things that I at before I place my trade.

So, let’s actually jump onto the computer and go through step by step how I go about trading each money when I come down to my office and sit down at my desk. This is how I go about making $250 a day. So, let’s go check it out. This is the WeBull app. So, you go on the market, and as you can see here, it tells you what’s happening. So, right now, I’m actually recording this video after hours. So, this is not early morning, so I’m going to try and record a live stream or what I’m doing early in the morning so you guys can see too, but this is after hours.

So, I come here in the morning, and I want to scroll down to where it says ‘Top Gainers’ for the day. So, this is what I’m looking at that early in the morning. So, I click on Top Gainers, which comes up, and what I’m looking for is number one: I’m looking for the volume on the stock, and I’m looking for percentage change. So, normally the ones that I really care about would be in the top two or top three.

So, if the percentage change is over 100%, that stock would interest me. I would take a look at that. If the volume has a high volume, that will interest me because the percentage change can be big, but the volume can be low, meaning it would be risky to trade. This is because if you have low volume, for you to go in and out if there’s not a ton of volume, and you can put in an order for say 1,000 shares, and you’ll only get filled maybe about 200 or 300 shares at the limit price that you wanted. Likewise, you can put an order that you want to sell 1,000 shares, and because of the limit order, you only get filled maybe three or four hundred at that limit price, and then the price drops without you filled at the price you want. So, I try to make sure that there’s enough volume going around so that when I place my order, I know that all that would be filled exactly when I wanted that order to be filled.

So, I have the Top Gainers here. Like I’ve said, I usually look at the top three or top four. Even throughout the morning, I’m going to come back here and refresh this because you can see some stocks down here that don’t really meet my criteria, but as soon as the market opens, they’ll get their percentage change. They’ll get their volume, and then they’ll move right up here. So, I want to make sure I keep my eye on them. And then I also try not to trade super expensive stocks. I try to trade stock for, let’s say, $1, all to way up to $10, and sometimes to $20, depending on how strong the stock is.

Regarding the higher stocks – I don’t want to trade those a lot because once you go in, those can jump from $1 to $3 or $3 to $1. So, you can lose $1 or $2 just like that, whereas the stocks under $10 usually move in cents – so you can lose 20 cents, 30 cents, which is what I like. So, it does minimize my loss. That’s just my approach. It doesn’t mean that what I’m doing here would be exactly what would work for you. So, you can find what works for you. Some people trade differently. I look at these high gappers in the morning, and that’s what I trust.

So, once I identify what I want in the stock that I like, the next step is I’m going to come up to this window, and I’m going to click on ‘Trade.’ Once you click on trade, it’s going to open up a separate window which is going to look something like this. And so, under this window, I would go to where it says ‘Search’ and for instance, let’s say I go back here and I’m looking for CARV, that’s the ticker symbol, I’m going to go here, and I’m going to type CARV since that’s the stock I want to trade. So, if I type in CARV, I usually would open up the stocks.

So, let’s go back here, and so I add that to my watch list. So, if you see my list here, it says daily watch. So, I go to my watch list, and the stock shows up here. And then, if you click on the stock, it loads that stock and this is the chart for that stock. So, now I can look at the chart, I can see what is happening. Again, as I said, this is the end of the day, so I’m just going to walk you guys through how I do trade using the chart. So, I look at it, and I see what’s happening early in the morning. And it would be pre-market, so the stock would be somewhere right here in this grey zone because it is pre-market. For those who are not used to this, when I say pre-market, it means that these are the stocks that were trading before the market actually opens.

So, WeBull gives you what you call extended-hours trading. It gives you after-hour trading, and it gives you pre-market trading. So, pre-market extended hours start at 3:00 am central time, which is the time zone that I’m in. And then the pre-market starts at 8:00 am to 8:30 – so, that’s pre-market. And the market itself opens at 8:30 central time. So, in pre-market, I will look at the stock, and if you look at this particular stock, you’ll see that it’s extended hours pre-market, and you’ll see how it was just gapping up gradually. So, if you look at that line right there, that V-WAP, it just keeps growing. And again, as soon as that gray line stops, that’s where the market opens up.

So, the market opens up, and then this particular stock gaps up a little bit, and then it’s a huge pullback, and you see how it goes. I’m going to explain how I do trade here shortly, but that’s when I have the stocks, and I have my list over here under my daily watch for the stock that I’m interested in trading for the day, and then I’ll keep my eye on them. So, now I’m like, “Hey, Mr. V, at what point do you jump in and make a trade?” Well, I look at this yellow line that you see here. It’s called the VWAP, and VWAP stands for value with the average price.

So, I look at the VWAP, and that’s one of the indicators that I use. So, if you are on the WeBull platform and you want to show VWAP on your chart, you go where it says ‘Indicators,’ and then check the button that says VWAP, and then this line would show up on there. So, the way I go about it is I look at VWAP. If my price is right on the VWAP, I’m going to hold that trade – I’m not going to place a trade, and I’ll keep watching it.

If it dips underneath the VWAP, at that point, which is some consolidation, I don’t trade it – I hold it. Again, this is my strategy. Some people trade the dip, so as the price goes down, they buy, hoping that they would go up. I don’t trade the dip because when you trade the dip, you don’t know if that’s the bottom – you can buy when it goes low, and then it can keep going low, so I don’t like that. So, I want to see the confirmation. So, it goes down a consolidation, and then when it breaks the VWAP, and then I see confirmation, that’s when I buy.

The disadvantage to that strategy is that I will lose some money because, for somebody who bought the dip down here, they would make more money if the stock moved back up here, in this case up to $22. If you go and enter here at say $15 and then squeeze all the way to $22, you make more money. Whereas for me, I’ll get in at about $18 and then squeeze to $22. So, you would make a ton more money, but your risk increases because for me, I’m buying when it’s going up, but for you, you buy at the bottom, and you don’t know if that’s the bottom – it might go down again.

So, that’s my strategy. Again, guys, this is what works for me, so I don’t want somebody to shoot me a text saying, “Mr. V, that’s not a good strategy.” It works for me, and I can make my money doing it. So, that’s pretty much how I do it. So, let’s say right here, I’ll be watching this stock, and I’ll be looking right here ahead of the VWAP, and as soon as it breaks the VWAP, I’ll look for the confirmation. So, look for the first solid candle right here that shows me some confirmation, and then I’ll go here and choose how many shares I want to buy, and then I choose my limit price.

In this case, let’s say I want to buy it at $18 a share, I choose my limit price, and then for me, I can do one of two things – I put a stop loss, and I make a take profit – and this is the part that saves me from being greedy. Let’s say, for instance, here I can say I want to lose maybe $17.60. So, I want to lose $40, and I’m anticipating that this thing will go all the way to $20. So, I’m risking $40 to make $200, so that’s a good bet, in my opinion. So, I’ll put that, and then I will place my trade. So, you click ‘Place Trade,’ and then the confirmation window will come up. You confirm that, and then as soon as that thing hits your entry price, it would buy it.

Notice that the price in this case when I got squeezed up all the way to $19 – $20… $21, all the way to $22. So, now you’re thinking, “Mr. V., your stop loss is at $20. Why don’t you take the profit if it’s going up to $22?” I do take the profit, and here is how I approach that. So, once I go in, I put my stop loss here, and as soon as this thing breaks… let’s say I go in at $18, and it goes up to $19, then I’m going to move my stop loss. So, I edit the order, and I move my stop loss now from $17.60 and move my stop loss to $18. So, at this point, if this thing pulled back, I’m going to break even, so I’m not even going to lose money in this trade.

So, I move it to $17, it goes up to $19, and then I move my stop loss to $18. If it goes up to $20, I move my stop loss up to $19. So, that’s how I secure profit, and that’s the best place to be a trader. Once you can secure profit, this means that no matter how bad this trade goes, you know for sure no matter how this trade goes, you’re going to come out on top. So, I move it to $19, and it goes up to $21, so I move it to $20. And then, as soon as I see it’s starting to show some rejection or resistance, I can move it closer and take my profit. So, I’ll move it to the bottom so that if it drops a little bit, it kicks me out, and I take my profit. So, that’s how I can secure profit.

So, in some cases, again, guys, it just doesn’t go as planned. So, if I go in and this thing gets some rejection and then starts to pull back, it will knock me out, and I’m out $40. But if I didn’t have a stop loss, it could drop, and if you could see right here on this candle right here, you’ll see how quickly this thing drops from $19 to $15 and some change. But if you had your stop loss, and you say you want to lose $40, it would kick you out at just $40. So, this is how I do it.

Again, just a quick recap, when I go in the morning, I choose to get the stocks I want to trade. I go to Market, I go to Top Gainers, and then I look at the top three and what I’m looking for are the percentage change and the volume. The higher the volume, the better that stock is for me to trade because I know that my orders would be filled. Once I have the stocks, I click on Trade over here, and it opens up this window. I search the stock that I want, I add it to my watch list, which is what I’m going to be trading – so here, all these stocks here are stocks that I have my eye on for the day.

So, for instance, LMFA is a stock that I traded. So, as soon as the market opens, you’ll see that it stays on the V-WAP and then get confirmation right here, and then just breakthrough. So, it went from $3 and squeezed all the way to $3… almost $4. So, I traded this right here and made some profit. And then look at that pullback because I entered it here. I could have waited and still ride this all the way up here, but with this pullback right here, there’s no guarantee that you would get another confirmation going back up. So, the pullback could have gone all the way south. So, it’s always good to secure profit instead of hoping that you will make more money. Take the money off the table.

So, that is how I’m able to make at least $250 a day, and again guys, this is a very risky thing to do. You have to be very smart with what you do. Don’t be greedy. Be disciplined and have a plan. Research properly, and make sure you know when to cut your losses and walk away. And one final disclaimer here. The stocks that I trade, if I go back here, the stocks that I do trade, these stocks are not stocks that you should buy and hold in your portfolio. These are gappers, so there may be some news that is gapping these stocks and pushing these stocks.

So, I go in and take a piece of the pie and get out. I’m not holding any of these stocks in my portfolio. Many of these stocks are Chinese companies, and they are known for blowing their stock prices out of proportion. And so, if they’re blowing it, that’s fine. I go in and get my little $250, and I get out. Greedy people lose money. That’s pretty much the way I do it.

So, there you go, guys. That’s how I’m able to make $250 a day. You’re probably asking yourself like, “Mr. V., why are you stuck on $250?” Well, my goal is $250. So, if I make more, that’s good. The idea is that because I have that particular plan, I try to control my greed because I can go in there and be like, “Oh, I want to make $1,000. I want to make one, two, three, four, and five thousand dollars.” But once you get greedy, that’s how you end up losing money. And again, with a ton of money on the line like that, that’s a tremendous amount of opportunity for you to make mistakes, and so I try to minimize that. So, some trades I’ll make $50, and I’m very content with that. And then I’ll wait again for the right opportunity to go in, and as you’ve seen my strategy – I go in when the price is going up, I take my little profit, and I get out. So, some people buy in the deep; that’s not my strategy. I don’t want to sit there hoping that it goes off. But I want to catch it when it’s going up, so I can take my little profit.

So, I hope this will be very helpful to you guys. And again, guys, this is my strategy. I’ve actually put in work to understand and learn some of the things that I am doing right here.  If you want to practice, there is paper trading that you can use to practice without putting your money on the line. So, do that, and again, if you want to try the WeBull App that I use for trading – WeBull is doing this promotion where they are giving out two free stocks for anybody that’s signed up on the platform. I’m going to put the link in the description below so you can get two free stocks – one for just signing up and another one for depositing $100 – so you get two free stocks. I think between $2 and $250 is your first stock, and the second one is between $12 and $1,400. So, definitely give them a shot.

So, the question of the day: What do you think about my strategy? Do you think, “Oh, Mr. V., you could be aggressive and make more money, or Mr. V., $250 is nothing?” Let me know in the comments section. And as always, guys, stay safe and stay motivated.