Kardec Trader breaks down the 80/20 strategy that made him over $5 million. He watches for the Nasdaq to tap a specific level like 25,680, then enters long when price bounces. He scales out at 25,703, moves his stop to breakeven, and targets roughly 100 points per trade.
This trader has achieved over $5 million in payouts, and today we're going to go through his exact strategy. Where should we begin? My strategy is called the 80/20 strategy, and it's based off the Nasdaq. So let's say it's trading at 25,680. I would be looking at these two numbers, 80, and if it was trading at 25,620, I'd be looking at this number. So let's say it's the New York open and we're going into 25,680. It's a choppy market. Let's say it's opening like this. So you have a candle here. And it's going into 680. Now I'm looking to see if it taps 680. It taps it, boom. And I see an instant reaction higher. As soon as this is tapped and I see that it's giving a reaction, I'll take that entry long. Okay, I take one contract off here. 703, I take another contract off here and I see that it's slowing down. Okay, I'll set my stop to breakeven back here at 680. If I can get 100 points out of it, great. If not, then it heads back down to breakeven. I get stopped out and that trade is done.
