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Legacy Profits Club

194 members • Free

64 contributions to Legacy Profits Club
🎯 SNEAK PEEK: PRO MEMBER SUCCESS STORY
One of our Wolves (Rocky) just shared their trading transformation with us and the numbers are incredible: 📊 Recent Results: • Profit Factor over 3.0 (Two months straight!) • Perfect win rate on specific setups • Consistent profits using our core strategies Before Legacy Profits Pro: ❌ Scattered trading approach ❌ Inconsistent results ❌ No clear strategy After joining the Pro Community: ✅ Clear, repeatable strategy ✅ Structured approach to markets ✅ Multiple profitable setups 💭 In Their Own Words: "I saw a big jump in my consistency & profitability over the last year & Derek played a big role in that. The biggest difference-maker came from implementing the strategies I learned in the Pro tier." 🐺 What Our Wolves Get: • Advanced Trading Course • Weekly Q&As • Live trading sessions • Daily Trade Ideas • Group Coaching • Exclusive Trading Indicators and Tools • Pro community support Ready to level up your own trading? Drop a 🎯 below if you want details about joining our Wolf pack!
🎯 SNEAK PEEK: PRO MEMBER SUCCESS STORY
0 likes • Jan 31
🔥good stuff Rocky!
Choosing the Right Broker
Selecting the right broker is a super important part of trading that isn't talked about a lot. The broker you choose can significantly influence your trading experience, costs, and even potential returns. So, here's a breakdown of what to look for in a good broker and some of my top recommendations for the Legacy Profits Club crew. 👀 What to Look for in a Good Broker - Trading Costs: Look for transparency in fees. Brokers usually charge commissions and fees. Sometimes, they charge spreads too. The best brokers offer low to no cost trading and zero commissions on certain assets, which can save you a lot of money over time. In reality, there's almost no reason to be paying high fees with all of the competitiveness of brokerages these days. - Trading Platform: User-friendly and powerful is what you want. Here are the biggest features to consider: 1. Ease of Use: Make sure the interface is intuitive on both desktop and mobile. 2. Advanced Tools: To save you on paying for charting software, find one with good charting capabilities, technical analysis tools, and the ability to have real time data. 3. Customization: You want access to lots of indicators and the ability to code your own indicators if need be. - Asset variety: You want access to stocks, ETF's, forex, options, futures, and maybe even cryptocurrency. Make sure your broker offers a wide range of tradeable assets to diversify your portfolio. - Research and Educational Resources: Good brokers are going to give you the tools you need for market analysis, trading alerts, and articles to help you figure out how to get the most out of what they offer. - Customer support: You want effective, responsive customer service. Make sure your broker offers 24/7 support with multiple contact options. - Account Management: Consider how quickly funds settle when deposited or moved. You also want brokers that offer important things like margin accounts. ✅ My Suggestions for the Legacy Profits Club ✅
2 likes • Jan 14
Think or swim. For being a free resource right now, it’s pretty efficient. Scanner, news, chart and active trader all fit nicely on one screen. I buy with market orders or stop(limit) orders depending on the setup and get pretty good fills is the spread is tight. Active trader makes getting in and out of trades super quick and efficient. And lets say one has enough capital to trade your setups with multiple shares, scaling out of trades would be super easy and efficient. You can set you buy order, your stop, and how many shares you wanna sell at each target level and as each level is reached, just cancel replace the stop order and place it at the new stop area with adjusted remaining position size. Your entire trade can be mapped out and set in place according to your trade plan before your order is even filled. Especially on a trade like small cap gap. Active trader is pretty awesome.
Earnings WBA
Entered at 11.42, break of open 15 min candle high. took first profit at 11.50. raised stop to break even. stopped out on the small pullback.
2 likes • Jan 11
@Charity Haines it was the smart call im the moment to raise your stops, or my stop anyway. After taking profit at the first half dollar psychological level, the first close below the panda trailer on either the 3 or 5 min chart was below my entry and it would have ended up being a losing trade. I see it recovered and went up to 12 but that’s never a guarantee right.
Let's Plan for the Week Ahead!
This past week, SPY and QQQ stayed in a range with support and resistance levels holding so far. For now, I maintain a neutral bias until we either make a new all time high or we break the current lows on the daily chart. If you're day trading this environment, I recommend being quick to take profits. Swing trades have been playing out fairly decent in this environment but could also take some extra patience if we stay in the range we are in. Economic data centers around jobs reports this week. Important data that traders and big money will be watching starts Tuesday. Mostly in the premarket. Wednesday brings the FOMC minutes which usually tends to cause some tighter price action as the day goes on. The main sector on my radar this week is the energy sector. XLE and XOP are both above the 5 SMA for 7 days in a row. Both of these sectors are testing resistance levels as we speak and I'll be curious how price reacts over the next couple of days. Did we bottom a couple of weeks ago or is this just about to be a new "lower high?" Time will tell. Earnings season starts back up this week so I expect more trade ideas as the week goes on than we've had the last couple of weeks! Glad to be back and excited for the year ahead!
Let's Plan for the Week Ahead!
2 likes • Jan 6
Earnings season 👀
Happy New Year!
I hope you all have a wonderful 2025 that is filled with joy, good health, blessings, and a lot of financial prosperity! Happy New Year everyone!
1 like • Jan 1
Happy New Year!
1-10 of 64
Michael Ford
6
1,346points to level up
@michael-ford-4337
Hungry to learn and succeed.

Active 222d ago
Joined May 9, 2024
Phoenix, AZ
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