Live Trading with $5M+ Verified Trader: Price Action Strategy Breakdown

FinanceVerified $5M+ Trader: LIVE Trading Using His EXACT Strategy

TL;DR

A verified $5M+ trader shares his exact price action strategy using trend identification, key level support/resistance, and specific candle patterns (break-retest, bounce, rejection), then executes live trades during market open.

Key Takeaways

1Identify trend on hourly timeframe by tracking higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend), then use 2-5 minute timeframe for entries
2Enter trades only when price dips slightly below a key level and closes back above it on the retest—the ideal 'wick below, body above' pattern—to minimize stop loss risk
3Take maximum two entries on the same setup; a third entry is considered overtrading; limit daily trades to 2-3 high-quality setups instead of 8-9 lower-conviction trades
4Move stop loss higher after each profitable candle; once you've hit 2R profit, shift stop loss above entry so remaining contracts are risk-free and you can hold for bigger moves
5Trim 50% of position at 2R multiple on first trade, 80-100% on subsequent losing trades; never look at P&L during trade—only watch the chart to avoid emotional decisions
6Made $1,200 in 7-8 minutes on one live trade (10 contracts closed, 6 remaining, $1,500 + $500 running); previously made $35,000+ on single Microsoft trade by holding runners
7Pre-market prep is critical: mark all levels, identify trend, write the exact plan in Discord, check economic calendar, then wait for first 5-minute candle to close before entering any trade

Notable Quotes

“Once I'm in a position, I just don't look at the P&L. I just look at the chart. Even if that's going to be a losing trade, the disciplined way of how to deal with the losing trade is success in my opinion.”
— Gala Trades

“If I'm doing three entries, that's the break of rule. That's overtrading for me. Maximum two attempts on the same setup.”
— Gala Trades

“The best case for me is when the price is touching, dipping slightly lower than the level and then getting back above the level. That's the perfect entry.”
— Gala Trades

“At this point, you'd already made over $35,000 on this trade. That's how I make myself less stressed about the trade during the trade.”
— Gala Trades

Chapters

1. Price Action Strategy Foundation

Gala explains that trend is identified by tracking higher highs/lows (uptrend) or lower highs/lows (downtrend) on the hourly timeframe, not by parallel channel lines; levels come from pivoting points where price rejected, and entry confirmation comes from price breaking and retesting a level.

2. Three Core Entry Setups

Break-retest (price breaks above level then retraces to retest with wick below, body above); bounce (price comes down to level, gets rejected by buyers, wicks below but closes above); rejection (opposite of bounce—price touches from below, gets rejected by sellers, creates lower high for puts).

3. Position Management & Exit Rules

Trim 50% at 2R profit and shift stop loss above entry for remaining contracts; on losing first trades, close 80-100% on next setup to preserve capital; never take three entries on same setup—max two attempts; use 2-5 minute timeframe for candle patterns, prefer 5-minute for conviction.

4. Real Trade Examples & Journaling

Tesla 420 calls: $5K profit with 2.3R but exited early due to FOMO; SPY rejection setup: $1,500+ profit in 7-8 minutes; Microsoft trend continuation: $35,000+ on single trade by holding runners with multiple trims; all trades reviewed in Tradzella with stop loss placement, entry accuracy, and missed opportunities noted.

5. Pre-Market Planning Process

Mark hourly levels by identifying pivoting points (color-coded by confidence: 5/5 for major levels, 3/5 for opening price, 2.5/5 for invalidated); identify trend direction; write plan in Discord; check economic calendar for data releases; set up 4-5 charts on monitor; wait for first 5-minute candle close before trading.

6. Risk Management & Position Sizing

Know your exact risk in dollars before entering (e.g., 8 cents per contract = need 16 cents target for 2R); size down or skip trade if you cannot mentally accept losing that amount; position size reflects confidence level in the level (higher confidence = larger size).

7. Avoiding Overtrading & Discipline

Only trade 2-3 setups per day max; formerly took 8-9 trades daily but market changed; skip charts that look 'weird' or unclear trend; never rush at market open—wait 5 minutes; if plan is invalidated, close chart and move on instead of forcing unplanned entries; moving to Dubai timezone (6:30-7:30 PM market open) reinforced 1-hour daily trading habit.

8. Live Trading Execution (Market Open)

Market opens with AMD, Tesla, SPY, Kiki, Palanteer watched; first 5-minute candle shows Tesla breaking level (but too fast to catch retest entry), SPY approaching level, Palanteer failing to hold level; trader remains patient, skips unchatchable moves, only considers entries with tight stop loss and clear wick-below/body-above confirmation.

9. Handling Emotions & FOMO

Trader acknowledges FOMO from missing runners but balances it with discipline: 2R multiple is 'standard', anything above exceptional; early exits prevent evening/timezone waste and protect capital; seeing analysis be correct (even when missing profit) provides emotional relief; P&L hidden to avoid impulsive closes.

10. Chart Academy & Industry Education

Gala is part of Chart Academy platform offering free, verified trader education (no paywalls, no fake results); includes forex, futures, stocks, options, crypto strategies; personalized trading plans, milestone rewards, and global community; represents shift toward transparent, results-backed trading education.

Key People & Entities

Gala Trades (Kamjan): Verified $5M+ profit day trader specializing in options and stock index futures; uses price action strategy with hourly trend/level analysis and 2-5 minute entries; trades 1 hour daily from Dubai; featured on Chart Fanatic.
Randy Howell: Host/founder of Chart Academy, free online trading education platform; introducing verified traders and transparent results.
Jadecap: Trader who received largest payout from Apex Trader Funding: $2.5 million in a single payout.
Trader Kane: Trader who received $2 million payout from Apex Trader Funding.
Chart Academy: Free, all-in-one trading education platform featuring verified traders, no hidden paywalls, covering forex, futures, stocks, options, crypto.
Apex Trader Funding: Largest futures prop firm; has paid out over $600 million to traders; offers up to 20 accounts, no MAE rule, 100% payout approval, accounts up to $150K.
Tradzella: AI-powered trading platform with co-pilot that auto-captures trades, replays them tick-by-tick, backtest functionality, and provides insights on trader patterns.
Holar Prime: CFD prop firm; fastest payout on record (36 seconds average); 98% payouts clear within 1 hour; won 'Fastest Payout Prop Firm' at UF awards.

Glossary

Pivoting point: A price level where price reversed direction or was rejected; used to mark support/resistance levels on hourly charts for daily trading plans.
Break-retest: A candlestick pattern where price breaks above/below a level, retraces back to that level, and the retest candle has a wick below the level but body above (for calls) or vice versa for puts.
2R multiple: A profit target equal to twice the risk amount; if risking $100, a 2R target is $200 profit; trader's standard exit for trimming first 50% of position.
Wick: The thin line extending above or below a candle's body, representing the intraday high/low before price closed; a wick below a level followed by a body above indicates buyer strength.
Trim (or scaling out): Closing a portion of a position at profit to lock in gains while leaving remaining contracts as 'runners' to catch larger moves.
Stop loss: A predetermined price level where a losing trade is automatically closed to limit risk; typically placed just below the lowest wick in a retest pattern.
Orderflow / Bookmap: A tool showing buy and sell volume at each price level in real-time; used as confirmation tool (not core strategy) to see where large buyers/sellers are protecting or attacking levels.
FOMO (Fear Of Missing Out): Emotional reaction to missing a profitable trade move; can lead to overtrading or holding too long; trader manages by accepting 2R standard and reviewing completed trades.
Rejection setup: When price approaches a level from below, gets rejected by sellers, and creates a lower high; candles show bodies below the level with wicks trying to push above, indicating seller exhaustion.
Bounce setup: When price approaches a level from above, gets rejected by buyers, and bounces back up; candles show bodies above the level with wicks dipping below, indicating buyer strength.

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