This podcast is brought to you by the award-winning prop firm, Fidel Crest.
In the winter, I have a lot more time to trade because I'm not outside as much,
but in the summer, I'm really just focusing more on like the,
the swing trades from the range low to the range high. And I'll,
I'll bring my laptop out with me actually in the pickup truck with my alerts.
That way, if I'm out there like harvesting potatoes or whatever, I can, uh,
hop on over to the charts, maybe like three outta 10. If I'm scalping them.
I mean, yeah, maybe, probably about three outta 10. I,
I don't really keep track to be honest with you, of my losing trades. Well,
for two reasons. Number one, a lot of times, you know, I'm,
I'm like always counter trading myself. So like I could have like a,
a short and a long going on at the same time. And if, like,
if my trade gets stopped out,
I can just cover the loss with the opposite position. Secondly, it's like,
because I'm risking so little,
I almost don't even really think about the losses that I take.
If you just look at historically what price action does, it's like,
most of the time when we come up to resistance, we reject.
So if you're trading a sideways range, you know,
a lot of people are like looking for a breakout for confirmation of an up trend.
It's like if you're always looking to trade a breakout,
most of the time that breakout's not gonna happen, right?
Most of the time we're gonna come up to resistance and reject cuz it's
resistance and vice versa for support, people get super bearish.
It's crazy how many people short support, when you're looking at the order flow,
we come down to support all of a sudden millions of shorts opening up at the
low, right? Because we're like dumping, right? When I am using order flow,
what I'm looking for on there is I'm looking to see what are the whales doing.
Because if you see, for example,
let's say you see like 50 million shorts opening up at support and the order
book says, all we have are shorts coming in, no longs, just shorts.
You would think to yourself, price should be making lower lows and lower highs,
but if price is staying at support and not moving and maybe even making slightly
higher lows and higher highs ever so slightly at that support,
you know that there's big players there filling up limit orders and they're
basically feasting on these retail phone owners and then they're gonna push the
price up.
Episode 213 folks, today we welcome Jason Casper onto the show.
Now he has got not just a great trading story to tell us he lives off the grid.
Also trades ranges, solely ranges. You're gonna find out how he does it,
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Out more. Well, folks, here we are on trading Out.
We've got Jason Casper here in the house. Uh,
we are going to get into a full story Antalia, what he, uh,
how we got into trading and in particular cryptos.
And also we're gonna hear the journey so far in his unique lifestyle where
he pretty much is self-sufficient from what I understand. Is that right?
Yeah, I mean, we're heading in that direction. Uh,
I wouldn't say we're fully self-sufficient, but uh,
by the end of the year we'll be fully off grid and, um, we grow, I would,
I would say more than half of our own food. So yeah, we're,
we're heading in that direction, man. It's a step-by-step process.
Cool. So let's start off by hearing your journey into trading.
So how did you get into it and what were the steps along those,
along that journey?
Well, I would say when I first got into trading,
it was getting into cryptocurrency. So back in 2014,
I first learned about what Bitcoin is, and I had already known about like,
um, you know, the issues with the dollar, the Federal Reserve.
I've read a book called Creatures from Je O Island,
and just pretty much realizing that dollar's, a huge Ponzi scheme, you know,
if I'm gonna hold dollars, if I'm gonna hold fiat currency in general,
that's not backed by anything. Um,
it's gonna be losing its purchasing power over time because it can be
manipulated and you can increase the supply and devalue the currency.
And it's basically a huge Ponzi to take all the actual purchasing power from the
people and consolidate it into a, a small group. And I'm like,
how can I get around this? And of course you've got precious metals,
which I was very much into.
And then I started hearing about this thing called Bitcoin. I'm like, man,
that's like, kind of like digital gold, peer-to-peer. You don't need a,
a central bank or any bank, um, and you can't duplicate it.
You can't make more, you can't devalue it. There's a fixed supply. And then, um,
in 2015 I listened to a podcast where there was this guy who was super bullish
on Bitcoin. He said by, he gave some year, I don't know, like 2030 or something,
he is like, it's gonna be a million dollars per Bitcoin. And, um, at the time I,
I was, I was pretty young, so I was like 25 and I,
I decided to just FOMO in my life savings into Bitcoin, um, ,
which I did. I went home, I, I told my wife, Hey,
there's this thing called Bitcoin.
I think we should take our savings and put it into it and put it into Bitcoin.
Um,
because we were trying to save up to buy a property so that we could homestead.
And uh, she immediately said yes, which I thought was weird because ,
yeah,
like she's a very responsible young lady and I myself am
a very more so ready, fire, aim kind of guy. So, um,
the fact that she agreed immediately to me was just confirmation that we should
do this. So in like 2016, we put about $30,000 into Bitcoin.
It was between five and $700 and we went through the bull market.
Um, I sold a big chunk of it at 10,000 and that's,
that's how we were able to actually purchase our, our property.
So that kind of got me into realizing, wow,
there's a whole world out here of investing and I wanted to
start learning how to make money more consistently instead of just having this
large position where, you know, when it comes to Bitcoin,
I at the time was thinking, this is gonna be like my retirement money. You know,
I, I kind of have a different mindset about it now, but this is at the time.
So I, I decided to start learning how to trade stocks and um,
that was like my journey, uh, into trading.
And when I started to get into stock trading,
I decided to switch to four x because I liked the idea of being able to long and
short where like, doesn't matter what the market is doing,
you can long and short, but I quickly realized that I,
I didn't have any real capital to trade with, you know,
so once I realized that derivatives exchanges for crypto were a thing,
like when Bibi first came out in like 2018, I'm like,
this is what I wanna do. Uh,
Binance Futures Bibi because I had the capital to trade and I
could, you know, actually make a a,
a significant or so I thought amount of money trading crypto. Cuz you know,
after going through the bull run, I, I still had like some,
some Bitcoin left over. So, um, that's what got me into trading crypto.
And when I first started, obviously like everybody, I, I lost, you know,
tens of thousands of dollars at a horrible time. And, um,
you know, it, it took me, it took me a while to really build a,
build a system that I can just stick to. Like,
you gotta stick to the process and just trust that, you know,
over time you'll be able to be profitable if you stick to it.
It's interesting, um,
jumping back to like when you first started and found out about it and you,
you know, you, you um, discovered that the,
uh, the dollar was a Ponzi scheme.
I've actually watched a video just recently where they were talking about like,
is the whole, it was quite a popular YouTuber, I dunno, just paired on my feed.
Um, is the whole crypto space a Ponzi scheme,
have you seen anything or heard anything along that along those lines?
Yeah, I mean, I,
I would say that anything that you can buy and sell and not actually physically
hold could be a Ponzi scheme. Um, you know, ,
because in order for the price of anything to go up,
you have to have people putting money into it, right? Yeah. Yeah.
So in order for the price of Bitcoin to go up,
you have to have people putting money into it. And,
and we don't really know anything about Bitcoin to be honest with you. So yeah,
it could be a Ponzi. I, I don't know, you know, I'm much less of a, uh,
a gungho, uh,
crypto guy now than I was back when I, you know,
honesty kind of emotionally just fomo into Bitcoin because I heard some people
that I respect talk about it. Um, now I know that's kind of weird.
A lot of people don't like when I say that, but, but the reality is,
I I just look at it as a means to acquire like tangible assets,
things that actually matter for real life, you know, um,
you can't eat Bitcoin and if there's no food in the supermarket, yeah,
no one cares that you have Bitcoin. They're not gonna give you your food.
They're not gonna give you their food for your Bitcoin if there's no food in the
store. So, you know, I just look at it as a means right now this,
this is what I'm doing, and right now it's, it's doing pretty well,
so I'm just gonna keep doing this, and if it goes away, it goes away. That's,
that's my mindset, to be honest with you. I'm.
Sorry, go on.
I'm not even really like a crypto guy per se. Like, um,
I don't know much about all these different coins in their blockchains and what
makes them different in all this. I don't even really care because I've,
I've come to just be a trader and also as a long-term investor,
I, I'm like, well, it's either gonna work or it's not, you know,
it's a calculated risk.
And so, so, okay. So you really, you really are in that trading space, um,
and not like following oh, the latest old coin and that sort of thing. So with,
with that, I mean, I, for me, you know, it sounds like you, you know, well,
you've done stocks,
you've done four x it sounds like you've gone through that sort of, um,
mill where they've sort of turned you out and spat you out. And why,
why is it that you ended up on crypto and trading the crypto markets even now
and not sort of going, oh, well, let's go back and have a look at, uh,
four x or futures or anything like that?
Yeah, I mean, I'm definitely open to going back to four x.
The reason I haven't in the past few years is mostly because I haven't really
had a need to, to be honest with you. Um, I'm just so in the groove of,
of trading Bitcoin, even primarily just day trading Bitcoin, I,
I know how the market moves. I know how the levels are respected,
and so I'm just, I'm kind of in, in the zone, so to speak,
in the groove of trading Bitcoin. But I'm, I'm totally for,
we even talked about like in,
in my trading group actually doing four X and stocks,
and some people do trade that in our group. So,
um, I'm not against it at all. Yeah. It's just, yeah, crypto's so volatile.
Well, except for in December, I mean, you can get some pretty,
some pretty good trades every, almost every day trading just Bitcoin alone,
you know?
And so what about things like the spread on, on that asset class? Because I,
I know that it can be sort of prohibitive if you don't get a move big enough,
then, you know, your position's gonna just sit around the spread for a while.
Is that something that you find an issue?
Um, no, I, I don't really find that an issue at all. I, I don't,
I don't have an issue with, um, not getting filled.
I don't have an issue with paying too many fees. I mean,
the exchanges I use have a lot of liquidity and, um,
I haven't really had an issue on Bibi. I haven't had an issue.
I've been trading on an exchange now called M E X C. Um, yeah,
it's been great.
Okay, cool. And, and so let's, let's dive back into your trading journey.
So getting to the point where you actually, you know,
could read a chart and understand what was going on. I mean,
how much of your trading is based on fundamentals versus technicals?
So I'm, I'm pretty much purely a technical trader.
I don't care about the news events at all.
I don't care about anything besides the technicals. And I,
I don't discredit fundamentals at all. I, you know,
there's the old debate about what's, what moves the market.
I think it's something we can't fully even understand. Somehow,
the technicals can kind of tell you what the fundamentals are going to be like.
A great example is, you know, before FTX went down, uh,
the most bearer sign in the world printed the week before, I mean,
the most bearer sign in the world, something that we saw,
like all time high Bitcoin, right? Uh,
and then we saw it like a week before FTX went under, and then,
you know, that following Tuesday,
CZI from Binance put out the tweet that caused a huge dump. And it's like, well,
hey, the chart told me this was gonna happen. Um,
but if you had waited for the news to come out,
you could have also shorted it and made just as much. Um,
another example is like Elon Musk, I've a,
I have a YouTube video called How I Trade Elon Musk tweets before he tweets,
and it's basically just chart set the short, and then he tweeted,
and I was already short, so thanks Elon. But, um, yeah, I,
I find that for me, if I focus on fundamentals, it's just too much noise.
Like I just wanna look at the chart, what's happening in real time, um,
right now on the chart. And that's how I, that's how I do it. And.
And how did you come up with what you do day in, day out on the charts to, uh,
what, what were the, what was that process across, you know,
sounds like across investing in crypto, moving to stocks, going to Forex,
and then finally finding yourself back in and trading Bitcoin?
Yeah, well, just to say like,
I didn't spend much time trading stocks or Forex at all. Um, you know, and,
and when I, when I was doing it, it was, it was primarily, um,
like I said, very, very small position sizes,
just kinda like learning how to trade in general. Um, but for me, I just,
over time, I, I realized that there's,
there's three things that I have to have if I wanna be able to do this.
And that's like some kind of a strategy,
any kind of strategy to get me in and out of a trade, and then risk management,
and then just having the,
the discipline and the patience to stick to that process.
So those three things are basically what I've been refining, um,
you know, for the past number of years. So I, I primarily just trade, I mean,
to, to really simplify it down. I, I just have support and resistance,
long support, short resistance. If I see, um,
usually I'm looking for divergence, something,
something as simple as just a divergence on the oscillator.
I also do use order flow, so I'm looking for like absorption, um,
and stuff like that and or like trap traders that support people who shorted
support and then they're trapped. Um,
and then I've also just, I've made a rule for myself,
like for every trade I take, I,
I never risk more than one to 3% of my stack never.
So regardless of the trade I'm taking, I'm always risking the same amount,
and I'm always shooting for at least more than a two to one risk reward. Like,
um, I like to do three to ones and, and above,
which is totally possible with crypto. And, uh, when you are,
when you're using like, such precise levels of support and resistance,
like I tend to do, um, you can have amazing re re,
re risk reward ratios. Yeah. Um,
even if you're just scalping like a 1% range,
you could still have like a four to one if, you know, like, yeah,
I'm looking for a bounce off the 6 1 8 FCI to the dollar.
That's what I'm looking for. So it's like, you give yourself like this,
you know, 0.3% stop loss, and you know,
if it goes beyond your 0.3% stop loss, your idea's wrong.
So you get out of the trade and take your dang loss and move on to the next one.
But you know, if the trade goes right, because you have such a small stop loss,
your risk to reward is so great.
You put so much on the trade with only risking 1% of your stack, you know.
And, and in terms of getting out of those trades, I mean like,
like it obviously has to be kind, some kind of either arbitrary, you know,
spot that you decide, okay, like I think the move's over now I'm gonna get out.
Or, um, you're trailing your stops, I'm waiting for your, you know,
stop to get hit. I mean, what, what's your preference in that space?
Yeah, so I, I, because I'm, I'm able to be at the chart, um,
a all day, I,
I tend to take profit one at like a,
a two to one risk reward,
and I'll usually take out half the position and then I'll move my sub loss to my
entry, and then I will just set, take profits beyond.
Um, and then I also counter trade myself.
So what I'll do is I'll like get into it,
especially like a Bitcoin loves to range sideways, right?
So we'll be just trading all week,
all the past two week we've been trading from the highs or the low to the highs
of the low to the highs and the low to the highs of the low. So I'm, right now,
I'm, I'm in a long from the low and I'm in a short from the high, ah,
these are my swing trades, and I have my stop losses at my entry,
and I've taken 50% of both position out, they're both open now,
whichever way this range breaks,
I'm gonna be in a swing trade from the exact higher low.
And then meanwhile I will be, um, I'll be scalping,
um, other positions within that range. So that's kind of how I,
that's kind of how I deal with it. Uh, it really helps psychologically.
And when it comes to scalp trades, I will have specific targets.
So like, if I'm scaling, let's say like a, like a 1% range,
I will have my, I will have two take profits on that trade.
And typically it's just clear support resistance flips in that,
in that little range. And, um, I, I never,
I shouldn't say never, but I rarely, if I'm in profit, I,
I rarely don't take profit. And I, and I know people say that's,
that's a bad practice because then you're gonna have these tiny little wins and
these huge losses. But I will, I will take profit, like I said,
after like a two to one already gets hit.
So it's like I have the opportunity now to,
if I wanted to close the full trade with a, with a two to one, but, um,
if I take 50% out, that's still a one-to-one,
but now my stop loss is at my entry and I can look for another trade. Mm-hmm.
Yeah. Yeah. You've locked that in. Yeah. And so, so, um, I mean,
it sounds like you obviously have done quite a bit of research,
either yourself or education to get to the point where you understand the market
enough to be able to take trades like this. What was,
what were the educational sources that you sought, uh,
sought out when you were first starting out?
A, a lot. I've, I've,
I've taken so many different courses from so many different
educators and groups and, um,
I've kind of combined everything to kind of create my own style of trading.
Um, but a lot of crypto guys,
a lot of stock guys as well.
H how did you, um, how did you sort of, I suppose,
validate that what you came up with yourself was the thing that you are gonna
use? What was the process in, in validating that?
Um, I, you know, it just, it just started to really work for me. I mean,
when I, when I was,
when I first got into it and I didn't really know what I was doing,
I realized that I needed to have some kind of
strategy to get me into a trade.
And so I quickly realized that the best way to trade
is to long support and short resistance.
And so everything else I've just kind of been building on top of that. So it's,
it's really just the most, it's the most basic thing about trading,
like buy low and sell high. And then, um,
you know, I just keep building on top of that. The,
the more things that I learned from people in my own trading group and other
trading groups as well, because, um, you know,
there's a lot of people in my own trading discord that are like amazing traders
and they teach me a lot.
Ah, yeah. Yeah. I suppose it's just that you co the,
the education just compounds Now, um, what about, like, you said,
you know, you sit in front of the charts all day. I mean,
how many trades are you expected typically, are you gonna take in a day?
It really does depend, um, on a lot of things.
So if I'm actually sitting there with the intent of scalping that day,
I might take, you know, who knows, maybe up to like 10 trades on, on a good day,
especially if there's like a very clear range. Um,
on other days I might just take like one or two,
and it really depends on the day as well, because especially in the winter,
I have a lot more time to trade because I'm not outside as much.
But in this summer, I'm, I'm really just focusing more on like the,
the swing trades from the range low to the range high. And I'll,
I'll bring my laptop out with me actually in the pickup truck with my alerts.
That way if I'm out there like harvesting potatoes or whatever, I can, uh,
hop on over to the charts.
All right. Cool. Cool. And, and so, so, so very, it really varies. I mean,
what about a win rate? Like, how often are you gonna lose traits outta 10?
Um, I don't know, probably maybe like three outta 10. If I'm, if I'm,
if I'm scalping them, I mean, yeah, maybe,
probably about three outta 10. I, I don't really keep track,
to be honest with you, of my losing traits because,
well, for two reasons. Number one, a lot of times I am always,
you know, I'm, I'm like always counter trading myself.
So like I could have like a, a short and a long going on at the same time.
And if like my, yeah, if my trade gets stopped out,
I can just cover the loss with the opposite position. And secondly,
it's like, because I'm risking so little,
I almost don't even really think about the losses that I take.
There've been a few times where I've taken like really big losses because I'm
risking like 3% of my stack and it like go, totally goes against me. And, um,
that's never, that's never a fun thing.
The last major loss that I took was on, uh, Friday.
It was Friday,
January 20th, and I shorted, uh, I,
I shorted 21.7 that, uh, that if you look at the,
the Taylor candle, it's like this massive bullshit golfing campsite. Oh, right.
Yeah. So that, that was my last major loss I've taken. Um,
but in this little ranger,
I don't think I've taken a loss in the past week here.
And, and what about like, so I mean, you're, you're, you know,
you're obviously with, you know, making money regularly or,
or crypto through these exchanges.
I'm just sort of interested in hearing what your processes around withdrawing
funds to Yeah. To live off, like, you know, to buy your,
I was gonna say buy your potatoes, but you're not buying potatoes,
you're making potatoes, um, . So what, what's your process around.
That? Yeah, so I, I always keep a fixed amount in my account. Always.
Um, you know, I, I, that's just the,
the amount that I like to trade with. And, um,
I always at the end of the month will, would we'll take that out. And right now,
um, a lot of times I'll actually just put that into,
into actual crypto right now. Cause I,
cuz I've been like stacking Bitcoin and stuff for my long-term huddle.
Cause you know, I have more Bitcoin on a spot now than I've ever had in my life.
And so, you know, I've been kind of just doing that. But yeah,
every single month you have to withdraw your profits, otherwise you can like,
get greedy and stuff and, you know.
Okay, so it's a monthly process and you just say, okay, what have I made?
I'll take that out and, and leave the base in there to trade with. Okay, cool.
Yep. That there's a certain amount that I, I just like to trade with because it,
it's basically the amount that I could, I could know that I could comfortably,
like if this was the only thing that I was doing to generate an, an income,
I could comfortably live on that. Just like low key, not forcing trades,
just waiting for the good setups. Um,
I know that in the course of month I would make enough to maintain, you know,
my life, which.
Is,
you talk about like summer and winter being quite different for you cuz you've
got more stuff going on in the summer, which makes sense.
You don't wanna be glued to your computer screen the, the whole time. Uh, what,
what would your typical trading day look like in the winter?
Yeah, so in the winter, my typical trading day is like, I, I wake up at,
around like four 30 in the morning and I, I always like pray first thing.
And, um, then I do some kind of exercise. Um,
and then like around seven in the morning I am on the charts doing my analysis
for the day, doing my charting for the day, making my plan for the day. And, um,
and then I typically like to trade between eight 30 and this is New York City
time to around, you know,
market closes like around 4:00 PM sometimes I go a little bit later. Um,
but yeah, that's, that's pretty much what I do.
And it's not like I'm sitting there looking at the computer the whole time
either, you know, I, I have my alerts set, I can go do other things,
but if I know we're coming up to like a key level,
then I'm really gonna be looking at the charts, you know? Mm-hmm. .
Mm-hmm. . Okay. And, and so like, it sounds like, I mean, you,
you know, a lot of people do struggle with emotions getting into this and,
and going through it. I mean, it seems like you,
you haven't mentioned emotions yet, but I'm sort of thinking that you,
you've got a mindset that is able to, to cope with trading really well. I mean,
do you, do you find that, or did you have emotional,
psychological struggles back when you first started?
Oh, man, I, I'm such an emotional guy. I'm still such an emotional guy.
I'm an emotional trader. So like, if you watch my live streams,
you see me like freaking out and like, yeah, some of it's sensational, but the,
the reality is I'm, I'm, I'm an emotional guy. So what I've done is like,
you have to find these hacks that can allow you to trade without emotion.
So for me it's like, it's the risking 1%, right? Um,
for me that, that takes so much pressure off you. I,
I know traders who risk 10% of their stack per trade.
If I was risking 10% of my stack portrayed,
I wouldn't be able to stay in that trade. I,
I'd close it too early or I'd hold it too long. Um, you know,
so it's like y you gotta just take say like, you know, who,
who cares if this is a loss, right? Mm-hmm. ,
you have to get to that place by not risking too much. Um,
and then something else that I do is I, like I said, I,
I counter trade myself. So it's like, you know, if I,
if I can, if I can make a profit and then hold that position, um,
that also really helps me not like get into a trade I shouldn't be in because
it's like, well, I'm already short from the high, so if we dump from here,
I don't have to like fomo into a short or anything like,
like that I'm already short. Um, or vice versa for, for a long trade. And,
um, then just making that covenant with yourself to say, look,
I'm only gonna take a trade that I planned out in advance that I know what my
position size needs to be. I know where my stop loss needs to be.
I know where my take profits need to be. If I come to the chart and I'm like,
Ooh, it's time too long. No, that's, you don't do that.
Do you have to have at least,
I would say like 10 minutes in advance made a plan for it because, um,
then you just stick to the, then you just stick to the process of it.
Like that's,
and if you are really sticking to a process of using good risk management
and um, sticking to the strategy that you have made for yourself,
um, you know, I always, I always say to people,
you're at least not gonna blow your account.
Like if you're really risking 1% per trade,
that doesn't mean you're putting 1% on trade means you're risking 1% and you're
really making plans and waiting for those confirmations before you get in and
you're being true to yourself and saying, I'm really doing this,
you're not gonna blow your account. Mm-hmm. You know? Yeah.
You might not make money, but Yeah. But it's mathematically impossible.
You would literally never blow your account. Cuz every time you take a 1% loss,
you know, if you just keep taking 1% losses,
you'll literally never blow your account because the 1% keeps getting smaller
and smaller each time.
Yeah. You might actually gradually draw your account down to virtually nothing,
but you won't blow it. Yeah. Um, okay. So it's quite interesting you say the,
uh, that the whole sort of like you're looking, which I think is quite unique,
you're looking for that reversal kind of, you know, opposite trade,
which is helping you with the mindset thing. So it's like,
I'm in the trade going short, but I'm looking for the buy long mm-hmm.
to tell me when I get out and I'll and you will take that by
along, right? If if you're in the short, you'll take the buy long. Oh yeah,
yeah. Cuz there's, it's a set up for the buy long, right?
Yeah. I'm, I'm always,
I'm always looking at the markets for sideways ranges support and resistance.
Um, it's very rare that I'm like super bullish or super bearish
and um, you know, most of the times when I get wrecked I'm, I'm basically, I'm,
I'm shorting resistance, let's say and we pump through it. But if,
if you just look at, you know, historically what price action does,
it's like most of the time when we come up to resistance we reject.
So if you're trading a sideways range, you know,
a lot of people are like looking for a breakout for confirmation of an uptrend.
It's like if you're always looking to trade a breakout,
most of the time that breakout's not gonna happen. Right?
Most of the time we're gonna come up to resistance and reject cuz it's
resistance and vice versa for support. People get super bearish, you know,
it's crazy how many people short support when you're looking at the order flow.
Um, you know,
we come down to sport all of a sudden millions of shorts opening up at the low.
Right?
Because we're like dumping, right?
So it's like if you just look at the
history and sta statistically come to resistance,
that's the time to be looking for, for a short trade.
So I always kind of am counter trading, you could say.
But that's only if you're looking at price action as, hey,
we're in an uptrend right now, as opposed to, hey,
we're ranging from low to high and we're coming back up to the high where last
time we were here price rejected.
So that's kind of how I view the market and I use an indicator called
Market Cipher, um, which is very, very good.
I think it's the best indicator you could use in Trading View because it gives
you information that you'd have to spend a lot of time and also using a lot
of very complicated tools to get that information when you could just look at a
few oscillators on your chart.
And it tells you when money is leaving the market while price is going up,
and it,
it tells you when money's coming into the market when price is consolidating.
And there's certain confirmations I look for that have very, very high win rate,
like, like nine out of 10.
And is that based on order flow, that indicator.
Marcus Seifer is not based on order flow? Um, well actually it might be.
I actually don't know what he, I don't know what, how he, he, he made that.
But I, I would say that when I, when I am using order flow,
what I'm looking for on there is I'm looking to see, you know, what are,
what are, what's retail doing and what I'm, what are the whales doing?
Because if you see, for example, um,
let's say you see like 50 million shorts opening up at support,
right? And the order book says, all we have are shorts coming in no long,
just shorts.
You would think to yourself price should be making lower lows and lower highs,
but if price is staying at support and not moving and maybe even making slightly
higher lows and higher highs ever so slightly at that support,
you know that there's big players there filling up limit orders and they're
basically feasting on these retail fers and then they're gonna push the price
up. And so when you see that, you also know, all right,
it's time to long this support. Right? So it's really just, I, you know, I I,
I'm, I'm always taking it level to level, right?
I have every single day I like make a plan. I'm like, I would long here,
here or here and I would short here, here or there if this, this,
or this happens at that, at those places. So like,
I already know what I'm looking for and I'll even say I'll, I'll,
like in my training group, like I'll tell people my plan, look,
if we come to this level and we see this and this and that,
I'll take a loan from here and here's my target and here's my stop loss. But,
uh, if we get there and we don't see those things, well, it's, it's a no trade.
Yeah, right. You know? Gotcha. Yeah. Um,
and and what timeframes are you looking to well set your levels and then take
the trades on?
It's a good question. So I don't really worry about timeframe, uh,
as much as I worry about the level,
and if I see that price as coming to a level, then I do top-down analysis.
I'll usually start on the four hour and just basically I'll gauge,
I'll like take a, um,
a survey of like three things I'm looking for on the four hour.
And if they are all, let's say we're coming to resistance,
I'll be looking at the four hour and say four hour is bearish,
then I'll go to the one hour, one hour is bearish, 12 minute, six minute,
one minute. And if they all are bearish, then I'll, I'll take that trade,
you know?
Okay. And, and uh, what about like, if we sort of just put your,
put your hat on retail trader, somebody coming into, they're a bit of a newbie,
they've got a little bit of education,
what steps would you send them down to start growing an account?
Yeah, so I would, I would tell them to focus on the three things,
find any strategy.
It could be as simple as using bones or bands on like the five minute timeframe
and only taking a trade when the candle pierces the bone or bear with a,
with a divergence on the rsi, right? Any strategy,
the most simple basic thing that you can just say, okay, I'm looking for A,
B and C, that's where I enter. And then you just say,
your take profits at the middle band in the lower band,
risking 1% of your account. And just focus on that process and,
and have the patience and discipline to actually stick to that process and, um,
don't overcomplicate things. And then once you get that down,
just keep building upon that, right? Um, support and resistance,
in my opinion,
is like the best way to trade because it's giving you like a very
clearly defined entry and exit point,
and it makes it very easy for you to plan your setups. So any strategy,
abide by good risk management and then promise yourself you're actually gonna,
you're actually gonna do what you say you're gonna do. Like don't say, yeah,
I'm following this strategy and then like, FOMO and chase price, you know,
actually stick to it. You know, I,
I know guys who've been trading for like a year who are like some of the best
traders in the world, in my opinion. Um, it's, it's really because they, they,
they really focused on those three things and they just kept building upon what
they already knew, getting more advances. They go, you know,
a lot of new traders I see come through. It's like they,
they wanna like get super advanced,
like they've been trading for like two months and they're like drawing Elliot
waves in the harmonics and like talking about like woff schematics and like,
Ooh, do you think this is like a spring? And it's like, bro, bro,
like just slow down support and resistance. Like,
it doesn't have to be over complicated.
You can look at a chart and like draw boxes where price historically found a
sticking point and just look for trays in those zones and you'll probably do all
right. But, you know, I really think you just gotta simplify it down.
Yeah. That is,
is simplifying that is a key and it's something that we are great at not trying
to do. Um, and over complicating. Now, um, last question before jumping,
so a quickfire round here. Um,
if there's one thing you'd recommend a retail trader spend the next month
mastering, what would it be?
One thing, I mean, I, you know, I can only,
I can only speak for like what's worked for me, but it would,
it would really be just learn, learn how to, how to draw levels on a chart.
Like learn how to mark out key levels on a chart. If you're brand new,
just learn some kind of technical analysis,
like read a book or take a course and, um, and then just,
you know, trade those levels with good risk manage.
I mean, yeah, I mean, I keep saying the same thing, but it's just like, for me,
that's, that's really what's, what's worked. And I,
I know traders that trade in all different kinds of ways.
Like I know traders that trade like intuitively, they just, like,
they've been watching the chart for so many years and they're like,
I'm going in now. And then they're like, I'm getting out now. But, uh, for me,
like I, I can't work that way. Like I need to have a system,
I need to have like rules to follow. So, um, maybe that's what I would say.
Make rules that you follow, um,
because you are an emotional person and you are gonna get wrecked
if you think you can do this. Um,
just by doing it and not having like a, a,
a criteria to get you in a trade out of a trade and a criteria for how much you
risk per trade and, and all that kind of stuff. You know.
And I suppose then if you got the rules,
then at least you can look back at the trade and match it up against your rules
and say, did I follow them? No. And I lost the trade. There you go.
Rules not followed. You lose the trade. If you'd followed the rules,
you wouldn't have probably taken it. Um.
Right.
Let's dive into a quick fire round tear and then we'll wrap this thing up.
So how long did it take you to go from newbie to consistently profitable?
Um, probably, well I started doing this seriously in 2018,
so I would say about three years.
What's your favorite entry setup?
Uh, coming to support a resistance with a clear divergence.
What strategies do you use to exo or manage trades?
I just, uh, support a resistance really. I mean, if we come to resistance,
I would close along at TP one right there.
Uh, do you ever recommend a trading book or resource?
Oh man, I would just recommend to never stop, never stop learning different,
uh, philosophies about trading.
Okay. And, and any anywhere somebody could go to, to,
to learn that, if you had to say sort of book internet,
some other kind of resource, what would it be?
I mean, I would say YouTube is a great place to find
different styles of trading, and I know,
I know people who trade so many,
so many different styles and they're all good at what they do.
So I would just say explore and find what works best for you because I,
I can say that it's different for everybody, so just start to learn something.
Cool. And then this question here, I'm gonna ask you,
what's your preferred broker and trading platform?
I'm interested to hear how you actually go about getting your trades on.
It sounds like you use Trading View for your analysis.
How does that work for you?
Yeah, so I like, uh, different crypto exchanges. I use Bibi, I use M E X C,
um, bigget I also use and enjoy, um,
Binance no longer. I, I can't use that anymore. But yeah,
I do trading view for analysis and then I just enter the trade on my,
on my phone or iPad or computer, just, uh,
through the exchange interface.
Hey folks, ever wonder what broker I use? Well, I use Hanko trade.
It was a no-brainer because I was looking for a broker with good trading
conditions and one that wouldn't restrict my leverage.
Now by joining HaCo Trade Off,
also cut down my trading cost significantly with their super low commission of
just a $1 per 100 K.
You can learn more@hancotrade.com or just click the link of put in the.
Description. Uh, and now do you wanna walk us through your worst ever trade?
What was that.
Y your worst ever trade? Do you wanna walk us through your worst ever trade?
My worst ever trade? Well,
my worst ever trade is probably,
I lost like 14 K in one trade,
and it was essentially,
I was trying to take a long and I had no clear entry point.
I just thought that price was gonna go up,
and I kept nursing it and nursing it and moving my stop loss down and down,
even added margin to the trade to avoid liquidation.
And eventually price came down and liquidated me,
and right after it liquidated me, that was the bottom.
And I lost 14 K in one trade, and I felt like horrible. Like, I felt like I,
you know, I, I, I can't believe I, I lost this much money in one trade. Like,
I felt like an idiot. I felt like a bad husband, a bad father, all that stuff,
. So that was, that was like the real turning point for me,
that that was, that was the real turning point for me. Yeah,
because when I first got, I was like, I, I was basically gambling, right?
So that's where I realized, all right, I I can't just do this intuitively.
I was gonna say that was probably your pre 1% risk, uh, trading, right?
. Exactly. Yep.
Okay, cool. Now, if you could leave our listeners with one piece of advice,
what would it be?
One piece of advice, it would be, um, use good risk management. Honestly,
because this is a game of probabilities. You,
you have a strategy and use good risk management.
Trading is like flipping a coin.
It's either gonna go in your direction or it's gonna go against you.
If you can do anything or find anything on the chart that gives you more than a
50 50 shot, if you can give you a 60 50, 70 50, uh, you know, uh,
60 40, 70 30, 80 20 shot,
then stick to that.
And then if you can do that using good risk management so that you know your
wins will always outweigh your losses over time,
you're setting yourself up for success. Um, awesome. That's,
that's what I would say.
Risk management is key. Now, before you wrap up,
what's the best way for the traders to get hold of you?
Um, you can find me on YouTube, Jason Casper. Um, you know,
we always have a good time. I live stream pretty much every weekday, uh,
during this time of year and I also post multiple videos a day and I'm just
chilling out. We're chilling out livestream trades and all that. Um,
and uh, also I'm on Twitter, I'm on Instagram and um,
jason casper trading.com is my website to get educational content and all that.
Yeah, that's about it. Brilliant.
We'll look, uh, big thing here to Jason and that is, um,
it's spelled j a y s o n for anyone trying to spell it, j a s o n, um,
for sharing with us today, everything we've discussed here, along with all,
all those links are in the show notes to find them,
simply search for Jason in that search box on trading nut.com. Until next time,
wish all my listeners trading Happiness and success. Rody ho folks,
there you have an interview done with Jason. I told you it was gonna be epic.
Now we've got an even more epic video breakdown of how he trades these
ranges. So if you are like, you know,
trying to trade breakouts or trying to trade trends,
then this is probably gonna blow your mind and maybe even second guess what
you're doing with your approach to trading. So yeah,
that video is coming up in a second here on the channel,
so please go and check that out. Whilst you are over there clicking around.
Do remember to check out that 50 k for El Crest challenge.
So there's a link in the descriptions here.
And also if you are looking to join Robot Builders Club to automate virtually
anything can dream up on medi form MEE five without doing any coding, then yeah,
there's a special offer February, 2023 where you gonna get the boot camera
recorded in uh, January. It's a three hour boot camp,
I think we ended up going for five.
And you're gonna get the bot that we built at the end of it and it's gonna get
you to that point of being able to do pretty much anything you can imagine on a
price chart, automating it, um,
from where to go in a shorter period as possible. Alright folks,
thanks for watching and listening. We'll see you in the next episode.