{"id":49598,"date":"2020-02-07T16:55:49","date_gmt":"2020-02-07T21:55:49","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49598"},"modified":"2023-08-04T09:42:42","modified_gmt":"2023-08-04T13:42:42","slug":"scalping-an-effective-and-highly-profitable-trading-strategy","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/scalping-an-effective-and-highly-profitable-trading-strategy","title":{"rendered":"Mastering Scalping: Highly Profitable Trading Strategies"},"content":{"rendered":"

In this video we introduce the effective and highly profitable scalping trading strategy<\/a>. A trader from our firm shares winning trades made by scalping that you can learn to grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video we introduced an effective<\/div>\n<\/div>\n<\/div>\n
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and highly profitable trading strategy<\/div>\n<\/div>\n<\/div>\n
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scalping hi I’m Mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of SMB Capital a we’re<\/div>\n<\/div>\n<\/div>\n
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proprietary trading firm located in<\/div>\n<\/div>\n<\/div>\n
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midtown Manhattan and I’m also the<\/div>\n<\/div>\n<\/div>\n
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author of the trading classic one good<\/div>\n<\/div>\n<\/div>\n
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trade and the PlayBook in this video a<\/div>\n<\/div>\n<\/div>\n
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trader from our firm shares winning<\/div>\n<\/div>\n<\/div>\n
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trades made by scalping that you can<\/div>\n<\/div>\n<\/div>\n
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learn to grow your trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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so this is gonna be like my set an<\/div>\n<\/div>\n<\/div>\n
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introductory video to scalping for some<\/div>\n<\/div>\n<\/div>\n
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of the newer guys in here you know<\/div>\n<\/div>\n<\/div>\n
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you’re probably well aware of all this<\/div>\n<\/div>\n<\/div>\n
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stuff I’ve probably talked about with<\/div>\n<\/div>\n<\/div>\n
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you guys before you’ve heard it but<\/div>\n<\/div>\n<\/div>\n
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let’s dive into it<\/div>\n<\/div>\n<\/div>\n
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so what does the scalp so Scouts a very<\/div>\n<\/div>\n<\/div>\n
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short term intraday trade that looks to<\/div>\n<\/div>\n<\/div>\n
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capitalize on quick movements in a<\/div>\n<\/div>\n<\/div>\n
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stock’s price you know we’re not<\/div>\n<\/div>\n<\/div>\n
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building into positions we’re looking to<\/div>\n<\/div>\n<\/div>\n
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quickly capture some type of volatility<\/div>\n<\/div>\n<\/div>\n
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expansion you know quick move this is<\/div>\n<\/div>\n<\/div>\n
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going to require an ability to<\/div>\n<\/div>\n<\/div>\n
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physically read the tape and make quick<\/div>\n<\/div>\n<\/div>\n
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decisions based on momentum moves I’ve<\/div>\n<\/div>\n<\/div>\n
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read the tape in quotes there because<\/div>\n<\/div>\n<\/div>\n
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we’re gonna do a lot more of that in the<\/div>\n<\/div>\n<\/div>\n
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second video but at the end of the day<\/div>\n<\/div>\n<\/div>\n
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reading the bids and offers and the<\/div>\n<\/div>\n<\/div>\n
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speed at which the bids and offers<\/div>\n<\/div>\n<\/div>\n
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change and this is usually performed in<\/div>\n<\/div>\n<\/div>\n
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stocks that have rapidly changing prices<\/div>\n<\/div>\n<\/div>\n
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and like I said a decent level of<\/div>\n<\/div>\n<\/div>\n
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intraday volatility in layman’s terms<\/div>\n<\/div>\n<\/div>\n
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it’s really just buying and selling<\/div>\n<\/div>\n<\/div>\n
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stock with a very tight risk to capture<\/div>\n<\/div>\n<\/div>\n
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a quick move in the direction of your<\/div>\n<\/div>\n<\/div>\n
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trade I’d like to give some context on<\/div>\n<\/div>\n<\/div>\n
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this if that’s okay sure<\/div>\n<\/div>\n<\/div>\n
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so one of the very best intraday traders<\/div>\n<\/div>\n<\/div>\n
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that I know who makes consistently five<\/div>\n<\/div>\n<\/div>\n
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hundred six hundred thousand dollars a<\/div>\n<\/div>\n<\/div>\n
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month every month guess what he does for<\/div>\n<\/div>\n<\/div>\n
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a living<\/div>\n<\/div>\n<\/div>\n
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he only scalps he scouts with sighs he<\/div>\n<\/div>\n<\/div>\n
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only scalps one of the myths is that you<\/div>\n<\/div>\n<\/div>\n
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can’t make a lot of money<\/div>\n<\/div>\n<\/div>\n
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scalping all right that’s not true and I<\/div>\n<\/div>\n<\/div>\n
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know another trader in the Midwest who<\/div>\n<\/div>\n<\/div>\n
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works at a Tier one firm and his trading<\/div>\n<\/div>\n<\/div>\n
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style<\/div>\n<\/div>\n<\/div>\n
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I wouldn’t say is only scalping but he<\/div>\n<\/div>\n<\/div>\n
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very much reads the Box trades with<\/div>\n<\/div>\n<\/div>\n
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sides gets in when the box is it with<\/div>\n<\/div>\n<\/div>\n
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them gets out when the the level two is<\/div>\n<\/div>\n<\/div>\n
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showing it’s time to get out very very<\/div>\n<\/div>\n<\/div>\n
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big trader I pray that there are a<\/div>\n<\/div>\n<\/div>\n
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couple of guys in this room who become<\/div>\n<\/div>\n<\/div>\n
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as big and as good<\/div>\n<\/div>\n<\/div>\n
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any of those guys so don’t let anyone<\/div>\n<\/div>\n<\/div>\n
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tell you that scalping is not a<\/div>\n<\/div>\n<\/div>\n
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legitimate way to make money as you’ve<\/div>\n<\/div>\n<\/div>\n
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seen with Tesla over the last couple of<\/div>\n<\/div>\n<\/div>\n
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days you literally could have just<\/div>\n<\/div>\n<\/div>\n
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scalped and made over a hundred thousand<\/div>\n<\/div>\n<\/div>\n
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dollars just just trading in and out of<\/div>\n<\/div>\n<\/div>\n
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that not even with particularly big size<\/div>\n<\/div>\n<\/div>\n
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I know one trader who actually did make<\/div>\n<\/div>\n<\/div>\n
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over $100,000 who never really got more<\/div>\n<\/div>\n<\/div>\n
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than 2,000 shares scalping Tesla in and<\/div>\n<\/div>\n<\/div>\n
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out and the other thing I’ll just sort<\/div>\n<\/div>\n<\/div>\n
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of say is just never let if you’re<\/div>\n<\/div>\n<\/div>\n
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making money in a particular strategy<\/div>\n<\/div>\n<\/div>\n
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it’s the time of the month where we do<\/div>\n<\/div>\n<\/div>\n
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our month reviews if you’re making money<\/div>\n<\/div>\n<\/div>\n
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in a particular strategy grab ahold of<\/div>\n<\/div>\n<\/div>\n
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that do more of it don’t let anyone tell<\/div>\n<\/div>\n<\/div>\n
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you that it’s not sophisticated enough<\/div>\n<\/div>\n<\/div>\n
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it’s not academic enough not sexy enough<\/div>\n<\/div>\n<\/div>\n
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if you make you money on it with it<\/div>\n<\/div>\n<\/div>\n
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that’s a big deal<\/div>\n<\/div>\n<\/div>\n
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put some fundamentals of scalping<\/div>\n<\/div>\n<\/div>\n
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together because it’s important to know<\/div>\n<\/div>\n<\/div>\n
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that the whole idea behind scalping is<\/div>\n<\/div>\n<\/div>\n
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that you’re looking to get these quick<\/div>\n<\/div>\n<\/div>\n
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moves you’re looking to have very tight<\/div>\n<\/div>\n<\/div>\n
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staffs and because you have very tight<\/div>\n<\/div>\n<\/div>\n
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stops you’re gonna end up having to size<\/div>\n<\/div>\n<\/div>\n
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up accordingly<\/div>\n<\/div>\n<\/div>\n
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you know because let’s say for the size<\/div>\n<\/div>\n<\/div>\n
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that we use if you have a hundred shares<\/div>\n<\/div>\n<\/div>\n
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or something and you’re looking to<\/div>\n<\/div>\n<\/div>\n
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capture thirty forty cents and you’re<\/div>\n<\/div>\n<\/div>\n
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looking to risk ten twenty cents you<\/div>\n<\/div>\n<\/div>\n
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know you want to be sized up so that<\/div>\n<\/div>\n<\/div>\n
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those quick scalps are actually<\/div>\n<\/div>\n<\/div>\n
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meaningful to your P&L; and and you know<\/div>\n<\/div>\n<\/div>\n
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in any type of way and because of that<\/div>\n<\/div>\n<\/div>\n
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you have to be super diligent with<\/div>\n<\/div>\n<\/div>\n
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actually taking those stops because a<\/div>\n<\/div>\n<\/div>\n
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scalp you should get in it should work<\/div>\n<\/div>\n<\/div>\n
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quickly and you should be out quickly if<\/div>\n<\/div>\n<\/div>\n
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it doesn’t work you need to hit out<\/div>\n<\/div>\n<\/div>\n
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quick you know that’s the whole<\/div>\n<\/div>\n<\/div>\n
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fundamental idea of you’re involved<\/div>\n<\/div>\n<\/div>\n
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looking for some type of momentum move<\/div>\n<\/div>\n<\/div>\n
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some type of drive in price away from<\/div>\n<\/div>\n<\/div>\n
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your entry that happens fast you should<\/div>\n<\/div>\n<\/div>\n
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know quickly whether or not you’re right<\/div>\n<\/div>\n<\/div>\n
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or wrong and you have to be diligent<\/div>\n<\/div>\n<\/div>\n
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with your process of taking those stops<\/div>\n<\/div>\n<\/div>\n
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like any type of straight trading<\/div>\n<\/div>\n<\/div>\n
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strategy it’s gonna have to have a<\/div>\n<\/div>\n<\/div>\n
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specific system and plan that fits for<\/div>\n<\/div>\n<\/div>\n
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your style and that’s gonna be something<\/div>\n<\/div>\n<\/div>\n
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that you’re gonna have to develop you<\/div>\n<\/div>\n<\/div>\n
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can’t just go in and you know start<\/div>\n<\/div>\n<\/div>\n
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slapping into a bunch of shares of stock<\/div>\n<\/div>\n<\/div>\n
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in and out in and out in and out all day<\/div>\n<\/div>\n<\/div>\n
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racking up fees unless you have a very<\/div>\n<\/div>\n<\/div>\n
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organized way of doing that that you<\/div>\n<\/div>\n<\/div>\n
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have stats<\/div>\n<\/div>\n<\/div>\n
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prove obviously if you’re just starting<\/div>\n<\/div>\n<\/div>\n
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out as a trader you’re not gonna have<\/div>\n<\/div>\n<\/div>\n
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those stats yet that’s why you could<\/div>\n<\/div>\n<\/div>\n
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start on the demo<\/div>\n<\/div>\n<\/div>\n
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you know you paper trade these ideas you<\/div>\n<\/div>\n<\/div>\n
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back test them in the software you you<\/div>\n<\/div>\n<\/div>\n
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build out scripts and things like that<\/div>\n<\/div>\n<\/div>\n
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to see whether or not these strategies<\/div>\n<\/div>\n<\/div>\n
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work and look to develop some type of<\/div>\n<\/div>\n<\/div>\n
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idea behind scalping so we’re gonna do<\/div>\n<\/div>\n<\/div>\n
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today is I’m gonna get into some charts<\/div>\n<\/div>\n<\/div>\n
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and show some examples of scalps that<\/div>\n<\/div>\n<\/div>\n
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I’ve taken and types of setups that I’m<\/div>\n<\/div>\n<\/div>\n
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looking for that I think I have actual<\/div>\n<\/div>\n<\/div>\n
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power behind them you see a lot of guys<\/div>\n<\/div>\n<\/div>\n
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that you can scalp in trend you know<\/div>\n<\/div>\n<\/div>\n
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looking for these little Wiggles and<\/div>\n<\/div>\n<\/div>\n
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things like that but again if you don’t<\/div>\n<\/div>\n<\/div>\n
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have a system for that you’re seeming to<\/div>\n<\/div>\n<\/div>\n
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be buying and selling blind you know<\/div>\n<\/div>\n<\/div>\n
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overthinking the tape it’s easy to see<\/div>\n<\/div>\n<\/div>\n
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things that aren’t actually there if you<\/div>\n<\/div>\n<\/div>\n
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want to learn three real world setups<\/div>\n<\/div>\n<\/div>\n
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that our traders use including the<\/div>\n<\/div>\n<\/div>\n
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simple setup that we teach all of our<\/div>\n<\/div>\n<\/div>\n
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new traders and the setup that turned<\/div>\n<\/div>\n<\/div>\n
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one of our traders into a seven-figure<\/div>\n<\/div>\n<\/div>\n
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big money earner check out the free<\/div>\n<\/div>\n<\/div>\n
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webinar that we’re currently running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing right now at the top<\/div>\n<\/div>\n<\/div>\n
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right hand corner of your screen that’s<\/div>\n<\/div>\n<\/div>\n
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gonna open up this free registration<\/div>\n<\/div>\n<\/div>\n
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page in the new window so don’t worry<\/div>\n<\/div>\n<\/div>\n
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you’re not gonna lose this video you’re<\/div>\n<\/div>\n<\/div>\n
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gonna learn more in a couple of hours<\/div>\n<\/div>\n<\/div>\n
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from this trading workshop then from<\/div>\n<\/div>\n<\/div>\n
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years of online education so kind of<\/div>\n<\/div>\n<\/div>\n
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leading into that the most effective<\/div>\n<\/div>\n<\/div>\n
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scalping in my opinion is done around<\/div>\n<\/div>\n<\/div>\n
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key technical levels that will provide a<\/div>\n<\/div>\n<\/div>\n
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momentum move in either direction you<\/div>\n<\/div>\n<\/div>\n
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know long or short ideally you want to<\/div>\n<\/div>\n<\/div>\n
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be quickly in the money on the right<\/div>\n<\/div>\n<\/div>\n
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side of the drive and price away from<\/div>\n<\/div>\n<\/div>\n
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that technical level okay so here’s a<\/div>\n<\/div>\n<\/div>\n
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quick example of this this is actually<\/div>\n<\/div>\n<\/div>\n
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in Nvidia two days ago I personally did<\/div>\n<\/div>\n<\/div>\n
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take this trade and you know had a<\/div>\n<\/div>\n<\/div>\n
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little bit of breaking news behind it so<\/div>\n<\/div>\n<\/div>\n
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context is always gonna be key even if<\/div>\n<\/div>\n<\/div>\n
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you’re scalping you need to understand<\/div>\n<\/div>\n<\/div>\n
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what stocks doing you can’t just slap in<\/div>\n<\/div>\n<\/div>\n
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expecting a chart pattern to pan out the<\/div>\n<\/div>\n<\/div>\n
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strongest trades even on the smallest<\/div>\n<\/div>\n<\/div>\n
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timeframes are always gonna have the<\/div>\n<\/div>\n<\/div>\n
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wind at your back so in this example you<\/div>\n<\/div>\n<\/div>\n
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know I’m highlighting resistance levels<\/div>\n<\/div>\n<\/div>\n
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we’ll put in early in the session Nvidia<\/div>\n<\/div>\n<\/div>\n
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opens up develops this opening range<\/div>\n<\/div>\n<\/div>\n
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fails tags view app which is<\/div>\n<\/div>\n<\/div>\n
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artificially high because it was gapping<\/div>\n<\/div>\n<\/div>\n
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up with the market comes in and this 216<\/div>\n<\/div>\n<\/div>\n
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level starts to form pretty solid<\/div>\n<\/div>\n<\/div>\n
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resistance<\/div>\n<\/div>\n<\/div>\n
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and then we fail and you know we don’t<\/div>\n<\/div>\n<\/div>\n
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test that price again until much later<\/div>\n<\/div>\n<\/div>\n
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in the day get back above you app now we<\/div>\n<\/div>\n<\/div>\n
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start to build this nice consolidation<\/div>\n<\/div>\n<\/div>\n
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of a view app underneath those<\/div>\n<\/div>\n<\/div>\n
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resistance levels so if I wasn’t<\/div>\n<\/div>\n<\/div>\n
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scalping if I was looking to build into<\/div>\n<\/div>\n<\/div>\n
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a position in this which is what you<\/div>\n<\/div>\n<\/div>\n
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guys are kind of normally familiar with<\/div>\n<\/div>\n<\/div>\n
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you know I’m looking to buy these dips<\/div>\n<\/div>\n<\/div>\n
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against vu app you know get bigger as it<\/div>\n<\/div>\n<\/div>\n
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tightens up add a little bit more as it<\/div>\n<\/div>\n<\/div>\n
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goes through<\/div>\n<\/div>\n<\/div>\n
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that’s position trading you know you’re<\/div>\n<\/div>\n<\/div>\n
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trying to trade a thesis you have a<\/div>\n<\/div>\n<\/div>\n
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wider stop you’re being loose with it<\/div>\n<\/div>\n<\/div>\n
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you’re buying dips maybe you’re trimming<\/div>\n<\/div>\n<\/div>\n
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some off that’s not what we’re talking<\/div>\n<\/div>\n<\/div>\n
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about here we’re talking about here is<\/div>\n<\/div>\n<\/div>\n
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taking the quick momentum move being in<\/div>\n<\/div>\n<\/div>\n
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the money right away selling as soon as<\/div>\n<\/div>\n<\/div>\n
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momentum is over and I’m in the now to<\/div>\n<\/div>\n<\/div>\n
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the trade in one or two minutes those<\/div>\n<\/div>\n<\/div>\n
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are scallops so in this particular<\/div>\n<\/div>\n<\/div>\n
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instance news ends up hitting that in<\/div>\n<\/div>\n<\/div>\n
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video was going to launch like something<\/div>\n<\/div>\n<\/div>\n
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to do with their product line I didn’t<\/div>\n<\/div>\n<\/div>\n
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even have time to really hear the news<\/div>\n<\/div>\n<\/div>\n
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I saw the volume coming in I saw the<\/div>\n<\/div>\n<\/div>\n
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technical level to 16 quickly saw that<\/div>\n<\/div>\n<\/div>\n
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we had a compression had it been<\/div>\n<\/div>\n<\/div>\n
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watching the stock beforehand instantly<\/div>\n<\/div>\n<\/div>\n
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I’m I’m in the box I’m looking at the<\/div>\n<\/div>\n<\/div>\n
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bids in the offers I’m trying to figure<\/div>\n<\/div>\n<\/div>\n
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out okay if this gets above to 16 it’s<\/div>\n<\/div>\n<\/div>\n
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pretty likely gonna have some momentum<\/div>\n<\/div>\n<\/div>\n
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behind it as you see the volume kind of<\/div>\n<\/div>\n<\/div>\n
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come in it gets about 216 I bet you I<\/div>\n<\/div>\n<\/div>\n
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could era I’m sorry 246 I look like a 1<\/div>\n<\/div>\n<\/div>\n
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if it gets about 246 I can probably get<\/div>\n<\/div>\n<\/div>\n
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this for a point to 247 very quickly as<\/div>\n<\/div>\n<\/div>\n
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it will make new highs on this volume so<\/div>\n<\/div>\n<\/div>\n
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in that at idea breaks 246 I quickly hit<\/div>\n<\/div>\n<\/div>\n
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in momentum slows up above 247 247<\/div>\n<\/div>\n<\/div>\n
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50-ish starts to be a little bit of a<\/div>\n<\/div>\n<\/div>\n
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level on the tape and I hit out and<\/div>\n<\/div>\n<\/div>\n
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that’s it you know very quick one point<\/div>\n<\/div>\n<\/div>\n
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move I was in the trade for one two<\/div>\n<\/div>\n<\/div>\n
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\n
three I sold on that third candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
three-minute trade move on to something<\/div>\n<\/div>\n<\/div>\n
\n
\n
else you know in and out that’s the idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
of a scalping mentality you know dine<\/div>\n<\/div>\n<\/div>\n
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\n
and dash take your money where you can<\/div>\n<\/div>\n<\/div>\n
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\n
get it be in the money quick small<\/div>\n<\/div>\n<\/div>\n
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\n
losses and take a big move important<\/div>\n<\/div>\n<\/div>\n
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\n
point you guys are in most of the guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the room are in the sampling stage<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re trying different types of trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
figuring out which ones are best for you<\/div>\n<\/div>\n<\/div>\n
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\n
the next stage you’ll get into<\/div>\n<\/div>\n<\/div>\n
\n
\n
is developing your PlayBook and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
after you developed your PlayBook and to<\/div>\n<\/div>\n<\/div>\n
\n
\n
try and do what you can try and focus on<\/div>\n<\/div>\n<\/div>\n
\n
\n
what chick be consistent I’m glad you<\/div>\n<\/div>\n<\/div>\n
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\n
gave me the wrong answer that’s what<\/div>\n<\/div>\n<\/div>\n
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\n
most people would think the next stage<\/div>\n<\/div>\n<\/div>\n
\n
\n
is being consistent what is a strategy<\/div>\n<\/div>\n<\/div>\n
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\n
that breeds very consistent traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
breeds very consistent results a<\/div>\n<\/div>\n<\/div>\n
\n
\n
month-over-month scalping and so not<\/div>\n<\/div>\n<\/div>\n
\n
\n
everybody at once scalping and so<\/div>\n<\/div>\n<\/div>\n
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\n
because it’s it’s it’s a simple trade<\/div>\n<\/div>\n<\/div>\n
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\n
that you know if you’re right quickly or<\/div>\n<\/div>\n<\/div>\n
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\n
not you buy it it’s not working you get<\/div>\n<\/div>\n<\/div>\n
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\n
out not for a lot of money you don’t<\/div>\n<\/div>\n<\/div>\n
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\n
take a big loss you buy it it’s working<\/div>\n<\/div>\n<\/div>\n
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\n
it’s in your favor your reward is is<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher than than your risk and so if you<\/div>\n<\/div>\n<\/div>\n
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\n
wait for those big levels in stocks that<\/div>\n<\/div>\n<\/div>\n
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\n
are in play you will be consistent with<\/div>\n<\/div>\n<\/div>\n
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\n
your results which is important in that<\/div>\n<\/div>\n<\/div>\n
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\n
stage of when you’re trying to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistency and then Jake after you are<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistent you can size up and focus on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that yes so you know going off of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this example I bought as it broke 246<\/div>\n<\/div>\n<\/div>\n
\n
\n
this previous level if it reoffer dunder<\/div>\n<\/div>\n<\/div>\n
\n
\n
246 and was back under you know Nvidia<\/div>\n<\/div>\n<\/div>\n
\n
\n
can move so if it’s back under 245 80<\/div>\n<\/div>\n<\/div>\n
\n
\n
right after breaking above 246 I’m<\/div>\n<\/div>\n<\/div>\n
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\n
hitting out really quick you know like<\/div>\n<\/div>\n<\/div>\n
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\n
I’m not interested in seeing whether or<\/div>\n<\/div>\n<\/div>\n
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\n
not it’s gonna get above the level<\/div>\n<\/div>\n<\/div>\n
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\n
they’re gonna support it if they’re<\/div>\n<\/div>\n<\/div>\n
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\n
gonna keep going I’m not interested in<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing if it pulls back to the breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
point of the wedge maybe I’ll buy a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little more I’m looking for this to<\/div>\n<\/div>\n<\/div>\n
\n
\n
drive through the price and separate<\/div>\n<\/div>\n<\/div>\n
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\n
quickly I’m looking to see those offers<\/div>\n<\/div>\n<\/div>\n
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\n
get lifted tape speeds up I’m looking to<\/div>\n<\/div>\n<\/div>\n
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\n
see if this can get 40 50 60 cents right<\/div>\n<\/div>\n<\/div>\n
\n
\n
away and NVIDIA you know you develop a<\/div>\n<\/div>\n<\/div>\n
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\n
certain type of feel for certain<\/div>\n<\/div>\n<\/div>\n
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\n
products I trade in video a lot so I<\/div>\n<\/div>\n<\/div>\n
\n
\n
know that when Nvidia breaks a level<\/div>\n<\/div>\n<\/div>\n
\n
\n
what it looks like when it works is that<\/div>\n<\/div>\n<\/div>\n
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\n
it’s going to separate from price quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
and I’m going to be in the money and I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna be set as soon as momentum slows<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s probably going to need some time to<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidate so that’s why I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
out quickly as soon as I see the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
put in a candle like this offer start<\/div>\n<\/div>\n<\/div>\n
\n
\n
stepping back in you know the green on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the time and sales this kind of slowing<\/div>\n<\/div>\n<\/div>\n
\n
\n
down take it and I’m out nothing<\/div>\n<\/div>\n<\/div>\n
\n
\n
forgetting the Jesus stop where market<\/div>\n<\/div>\n<\/div>\n
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\n
order that you paid for it<\/div>\n<\/div>\n<\/div>\n
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\n
I think that’s gonna depend on your<\/div>\n<\/div>\n<\/div>\n
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\n
style too I think in this particular<\/div>\n<\/div>\n<\/div>\n
\n
\n
instance if you throw bids and you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna miss it so oftentimes for scalps<\/div>\n<\/div>\n<\/div>\n
\n
\n
it depends in this type of move<\/div>\n<\/div>\n<\/div>\n
\n
\n
I always scalp with momentum because<\/div>\n<\/div>\n<\/div>\n
\n
\n
ideally you want to be in you know in<\/div>\n<\/div>\n<\/div>\n
\n
\n
favor quick and in that particular<\/div>\n<\/div>\n<\/div>\n
\n
\n
instance I’m gonna pay up you know so<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m just hitting offers I’m gonna take<\/div>\n<\/div>\n<\/div>\n
\n
\n
it because if it works and I pay the<\/div>\n<\/div>\n<\/div>\n
\n
\n
offer I’m gonna be in the money right<\/div>\n<\/div>\n<\/div>\n
\n
\n
away and if I put bids and I might not<\/div>\n<\/div>\n<\/div>\n
\n
\n
get filled and then I’m gonna have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
chase it for what 30 40 cents maybe I<\/div>\n<\/div>\n<\/div>\n
\n
\n
never get filled you know that’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you want no it’s not the idea pound<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping at the end of the day whatever<\/div>\n<\/div>\n<\/div>\n
\n
\n
I pay in fees for not adding liquidity<\/div>\n<\/div>\n<\/div>\n
\n
\n
shouldn’t really matter because ideally<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping you know tight risk really nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
reward and I risk maybe ten fifteen<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents on this made a point so those are<\/div>\n<\/div>\n<\/div>\n
\n
\n
why you’re starting to get really nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk reward trades so that adding<\/div>\n<\/div>\n<\/div>\n
\n
\n
liquidity isn’t necessarily as important<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you oftentimes will have to pay up<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay here’s another one so we just saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of like a breaking news technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
level opening range breakout later in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day so what we’re gonna have here is<\/div>\n<\/div>\n<\/div>\n
\n
\n
an example of Apple breaking the low of<\/div>\n<\/div>\n<\/div>\n
\n
\n
day that was put in the first hour and<\/div>\n<\/div>\n<\/div>\n
\n
\n
having a quick moment to move to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
downside so obviously this one’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna be you know as volume driven as in<\/div>\n<\/div>\n<\/div>\n
\n
\n
video was because I had a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaking news to it maybe add a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit more size to something like that but<\/div>\n<\/div>\n<\/div>\n
\n
\n
on a purely technical level break like<\/div>\n<\/div>\n<\/div>\n
\n
\n
this you know you’re looking to enter as<\/div>\n<\/div>\n<\/div>\n
\n
\n
soon as the recent consolidation that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re in so you know Apple really weak<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the morning bounces up to view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidates breaks down if I was<\/div>\n<\/div>\n<\/div>\n
\n
\n
building position I’d like to make this<\/div>\n<\/div>\n<\/div>\n
\n
\n
parallel so that you guys see how<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s power behind the scalping setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
if I was building position ideally I<\/div>\n<\/div>\n<\/div>\n
\n
\n
would have started shorting somewhere<\/div>\n<\/div>\n<\/div>\n
\n
\n
around here you get a consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
right ahead of the lows you start<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorting a little more and then maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
you add this momentum lot but<\/div>\n<\/div>\n<\/div>\n
\n
\n
considering we’re talking about scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m not in the trade I only want to take<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalps that’s my strategy that’s how I<\/div>\n<\/div>\n<\/div>\n
\n
\n
make money this scalping opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
would be we have this really nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation right above the Lowe’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
if this consolidation breaks and some<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume comes in can’t see if I’m pulling<\/div>\n<\/div>\n<\/div>\n
\n
\n
this up volume comes in then you start<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see now if we break this low we<\/div>\n<\/div>\n<\/div>\n
\n
\n
should separate away from price and<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe I can get 50 60 70 cents so in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this instance as we were coming down we<\/div>\n<\/div>\n<\/div>\n
\n
\n
broke this consolidation I hid<\/div>\n<\/div>\n<\/div>\n
\n
\n
underneath 320 150 which is kind of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
low of the consolidation again you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
hitting the bids I’m willing to take<\/div>\n<\/div>\n<\/div>\n
\n
\n
liquidity that’s fine I hit the bids<\/div>\n<\/div>\n<\/div>\n
\n
\n
right away it’s at 321 I’m expecting<\/div>\n<\/div>\n<\/div>\n
\n
\n
this low to get broken on volume you see<\/div>\n<\/div>\n<\/div>\n
\n
\n
the increase in volume as soon as<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum slows I’m out so it goes all<\/div>\n<\/div>\n<\/div>\n
\n
\n
the way 320 also a whole number a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit of a psychological level maybe you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know we get a spike right down to that<\/div>\n<\/div>\n<\/div>\n
\n
\n
level I’m taking it I think I got out<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe five or six cents you know 3 2005<\/div>\n<\/div>\n<\/div>\n
\n
\n
I usually put my bids if I’m scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
like that I’m trying to get a quick wick<\/div>\n<\/div>\n<\/div>\n
\n
\n
down usually put my bids you know 1 cent<\/div>\n<\/div>\n<\/div>\n
\n
\n
ahead of a 5 you know 5 10 15 I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
putting my bids in at 6 11 16 21 things<\/div>\n<\/div>\n<\/div>\n
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\n
like that so you guaranteed to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
sprayed because institutions they like<\/div>\n<\/div>\n<\/div>\n
\n
\n
to use those nice round number<\/div>\n<\/div>\n<\/div>\n
\n
\n
areas for liquidity purposes so<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes it’s nice to front-run them a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit especially if you’re scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
because I can’t handle taking that wick<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up I need to be out it’s a momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
move I’m you know I’m scalping okay so<\/div>\n<\/div>\n<\/div>\n
\n
\n
those were like really good examples of<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical level breaks where I’m looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get momentum now I want to talk a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit about trend following scalps<\/div>\n<\/div>\n<\/div>\n
\n
\n
so oftentimes this can happen you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s say you have a core position from<\/div>\n<\/div>\n<\/div>\n
\n
\n
really good prices and you’re looking to<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade around that core generate some<\/div>\n<\/div>\n<\/div>\n
\n
\n
cash flow great method to do that is to<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalp along with the trend again you<\/div>\n<\/div>\n<\/div>\n
\n
\n
have to develop your own method for<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing this<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can’t just buy every pullback in<\/div>\n<\/div>\n<\/div>\n
\n
\n
trend you know and expect it to bounce<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you have to have some type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
method to do that people use different<\/div>\n<\/div>\n<\/div>\n
\n
\n
things some people use trend lines<\/div>\n<\/div>\n<\/div>\n
\n
\n
some people use short term RSI I<\/div>\n<\/div>\n<\/div>\n
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\n
personally use moving averages I think I<\/div>\n<\/div>\n<\/div>\n
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think they<\/div>\n<\/div>\n<\/div>\n
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\n
really they worked really well to<\/div>\n<\/div>\n<\/div>\n
\n
\n
develop a specific system with you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
have heard me probably ad nauseam talk<\/div>\n<\/div>\n<\/div>\n
\n
\n
about that again it’s important that<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever you develop is for you and<\/div>\n<\/div>\n<\/div>\n
\n
\n
works for you again backtest develop<\/div>\n<\/div>\n<\/div>\n
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\n
your system look at your stats so let’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
dive into some examples of trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
following with the MAS so on this chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
we have a ten period EMA I like to use<\/div>\n<\/div>\n<\/div>\n
\n
\n
that for really short term trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
following so this is actually in Tesla I<\/div>\n<\/div>\n<\/div>\n
\n
\n
think this was maybe like a week or two<\/div>\n<\/div>\n<\/div>\n
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\n
though two weeks ago that’s crazy<\/div>\n<\/div>\n<\/div>\n
\n
\n
considering what the price is now but<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is later on the day you know just a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of context we developed some<\/div>\n<\/div>\n<\/div>\n
\n
\n
type of a range earlier in the day you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know now we’re at highs on the day and<\/div>\n<\/div>\n<\/div>\n
\n
\n
they put in this little bit of a price<\/div>\n<\/div>\n<\/div>\n
\n
\n
of 580 on resistance so we’re pressing<\/div>\n<\/div>\n<\/div>\n
\n
\n
pressing pressing pressing it breaks<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 580 good volume that’s a good<\/div>\n<\/div>\n<\/div>\n
\n
\n
example of what we talked about before<\/div>\n<\/div>\n<\/div>\n
\n
\n
key technical level breakout take that<\/div>\n<\/div>\n<\/div>\n
\n
\n
for momentum you know it’s crazy and<\/div>\n<\/div>\n<\/div>\n
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\n
Tesla you can take that and make two<\/div>\n<\/div>\n<\/div>\n
\n
\n
points really fast nowadays with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume you can make five 10 points on<\/div>\n<\/div>\n<\/div>\n
\n
\n
these scalps and Tesla it’s insane<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a perfect example of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical level breakout scalp but if I<\/div>\n<\/div>\n<\/div>\n
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\n
want to trend follow this once I have an<\/div>\n<\/div>\n<\/div>\n
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\n
idea that the stock is making new highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the day it’s thoroughly and within<\/div>\n<\/div>\n<\/div>\n
\n
\n
trend as defined by my system it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding above the nine nine or ten EMA<\/div>\n<\/div>\n<\/div>\n
\n
\n
now I’m looking to buy pull backs into<\/div>\n<\/div>\n<\/div>\n
\n
\n
that nine EMA to quickly dish out on<\/div>\n<\/div>\n<\/div>\n
\n
\n
over extensions to kind of scalp around<\/div>\n<\/div>\n<\/div>\n
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\n
so ideally what could happen here you<\/div>\n<\/div>\n<\/div>\n
\n
\n
get a big drive away from 9:00 a.m. a<\/div>\n<\/div>\n<\/div>\n
\n
\n
you pull in really light volume you look<\/div>\n<\/div>\n<\/div>\n
\n
\n
down there at the volume is starting to<\/div>\n<\/div>\n<\/div>\n
\n
\n
contract tags the nine EMA put on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
feeler scalp position pulls away you’re<\/div>\n<\/div>\n<\/div>\n
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\n
getting to know another extension away<\/div>\n<\/div>\n<\/div>\n
\n
\n
from the 90 MA and I dish that out<\/div>\n<\/div>\n<\/div>\n
\n
\n
alright and now I’m building cash flow<\/div>\n<\/div>\n<\/div>\n
\n
\n
look at this 582 right to 585 three<\/div>\n<\/div>\n<\/div>\n
\n
\n
points and when I’m looking for maybe a<\/div>\n<\/div>\n<\/div>\n
\n
\n
20 point trade I’m consistently taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
five to ten percent of that move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
adding on working even working on my<\/div>\n<\/div>\n<\/div>\n
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\n
average probably so if you want to call<\/div>\n<\/div>\n<\/div>\n
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\n
it that<\/div>\n<\/div>\n<\/div>\n
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adding cash flow trading around a core<\/div>\n<\/div>\n<\/div>\n
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or just purely scalping and this is what<\/div>\n<\/div>\n<\/div>\n
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I do to make money you know I’m not even<\/div>\n<\/div>\n<\/div>\n
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in this as core in and out in and out in<\/div>\n<\/div>\n<\/div>\n
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and out that’s perfectly reasonable<\/div>\n<\/div>\n<\/div>\n
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it’s exactly what Bella was talking<\/div>\n<\/div>\n<\/div>\n
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about you can be that traitor if you<\/div>\n<\/div>\n<\/div>\n
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want but you have to have a system that<\/div>\n<\/div>\n<\/div>\n
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works again big overextension pulls in<\/div>\n<\/div>\n<\/div>\n
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on light volume and then you get another<\/div>\n<\/div>\n<\/div>\n
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little thrust really quickly here at a<\/div>\n<\/div>\n<\/div>\n
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new highs as soon as you know if I was<\/div>\n<\/div>\n<\/div>\n
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gonna take this and it gives up the 90<\/div>\n<\/div>\n<\/div>\n
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ma what I like to do is have some type<\/div>\n<\/div>\n<\/div>\n
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of rule for where is my confidence level<\/div>\n<\/div>\n<\/div>\n
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if I’m trying to scalp this often times<\/div>\n<\/div>\n<\/div>\n
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for me it’ll be the next EMA so for me<\/div>\n<\/div>\n<\/div>\n
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the 21 EMA or if I’m scalping the 21 EMA<\/div>\n<\/div>\n<\/div>\n
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the 55 EMA again you have to build your<\/div>\n<\/div>\n<\/div>\n
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system out for yourself quick note<\/div>\n<\/div>\n<\/div>\n
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scalping works best for people that<\/div>\n<\/div>\n<\/div>\n
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think quickly so if you have an<\/div>\n<\/div>\n<\/div>\n
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experience if you have a background and<\/div>\n<\/div>\n<\/div>\n
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gaming if you have a background where<\/div>\n<\/div>\n<\/div>\n
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whatever reason you can do math really<\/div>\n<\/div>\n<\/div>\n
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quickly in your head and you notice that<\/div>\n<\/div>\n<\/div>\n
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about yourself if you are tasked with<\/div>\n<\/div>\n<\/div>\n
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coming up with a decision that requires<\/div>\n<\/div>\n<\/div>\n
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processing a lot of information quickly<\/div>\n<\/div>\n<\/div>\n
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and you’re just one of those people and<\/div>\n<\/div>\n<\/div>\n
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we all know people like this Spencer’s<\/div>\n<\/div>\n<\/div>\n
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like this it’s like you he listens for<\/div>\n<\/div>\n<\/div>\n
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like 10 minutes and then he’s just like<\/div>\n<\/div>\n<\/div>\n
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the answer is this those are the types<\/div>\n<\/div>\n<\/div>\n
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of people that should be thinking more<\/div>\n<\/div>\n<\/div>\n
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about scalping if you’re more of a<\/div>\n<\/div>\n<\/div>\n
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reflective person if it takes you here<\/div>\n<\/div>\n<\/div>\n
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that person who goes into a grocery<\/div>\n<\/div>\n<\/div>\n
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store to buy a loaf of bread and takes<\/div>\n<\/div>\n<\/div>\n
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you like five minutes to figure out<\/div>\n<\/div>\n<\/div>\n
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which loaf of bread to buy that’s me<\/div>\n<\/div>\n<\/div>\n
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then you’re probably gonna look for more<\/div>\n<\/div>\n<\/div>\n
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swing trades or more trades that really<\/div>\n<\/div>\n<\/div>\n
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set up and and go from there so you want<\/div>\n<\/div>\n<\/div>\n
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to just you know swang obviously scalps<\/div>\n<\/div>\n<\/div>\n
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nicely quick-thinking<\/div>\n<\/div>\n<\/div>\n
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background of that so think about that<\/div>\n<\/div>\n<\/div>\n
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before when you’re when you’re trading<\/div>\n<\/div>\n<\/div>\n
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these things you know you think pretty<\/div>\n<\/div>\n<\/div>\n
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quickly<\/div>\n<\/div>\n<\/div>\n
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strategy that you can employ probably<\/div>\n<\/div>\n<\/div>\n
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pretty easily yes I kind of talked about<\/div>\n<\/div>\n<\/div>\n
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a lot of this you know but you know just<\/div>\n<\/div>\n<\/div>\n
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to put in words some of the tips that I<\/div>\n<\/div>\n<\/div>\n
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use for trend-following scalps you know<\/div>\n<\/div>\n<\/div>\n
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got to have some type of system I like<\/div>\n<\/div>\n<\/div>\n
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to use short term EMAS I use a nine<\/div>\n<\/div>\n<\/div>\n
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period EMA on a 1-minute chart<\/div>\n<\/div>\n<\/div>\n
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definitely super possible method for<\/div>\n<\/div>\n<\/div>\n
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scalping along a strong trend you have a<\/div>\n<\/div>\n<\/div>\n
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way to define the trend you have a way<\/div>\n<\/div>\n<\/div>\n
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to enter an exit you have a way to<\/div>\n<\/div>\n<\/div>\n
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define your stops and you have a way to<\/div>\n<\/div>\n<\/div>\n
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define your exits any type of big<\/div>\n<\/div>\n<\/div>\n
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expanded candles away from the 90m a<\/div>\n<\/div>\n<\/div>\n
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dish it out if you miss the next part of<\/div>\n<\/div>\n<\/div>\n
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the move and you’re worried about that<\/div>\n<\/div>\n<\/div>\n
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then you’re not really understanding the<\/div>\n<\/div>\n<\/div>\n
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essential fundamentals of what scalping<\/div>\n<\/div>\n<\/div>\n
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is you know if you struggle with FOMO or<\/div>\n<\/div>\n<\/div>\n
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something like that or chasing things<\/div>\n<\/div>\n<\/div>\n
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you know maybe scalping isn’t the best<\/div>\n<\/div>\n<\/div>\n
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idea for you because you might need to<\/div>\n<\/div>\n<\/div>\n
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be able to sit through things and build<\/div>\n<\/div>\n<\/div>\n
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positions if you’re scalping you’re in<\/div>\n<\/div>\n<\/div>\n
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out you take your money you run you go<\/div>\n<\/div>\n<\/div>\n
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on and look for the next opportunity it<\/div>\n<\/div>\n<\/div>\n
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takes a little bit of patience you know<\/div>\n<\/div>\n<\/div>\n
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which is kind of counterintuitive<\/div>\n<\/div>\n<\/div>\n
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because you think you know them I’m<\/div>\n<\/div>\n<\/div>\n
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hitting in I’m hitting out I’m hitting<\/div>\n<\/div>\n<\/div>\n
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in I’m hitting out at the same time<\/div>\n<\/div>\n<\/div>\n
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you’re not doing that without a system<\/div>\n<\/div>\n<\/div>\n
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you’re being patient waiting for those<\/div>\n<\/div>\n<\/div>\n
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specific areas to trend follow or to<\/div>\n<\/div>\n<\/div>\n
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break a key technical level you’ve<\/div>\n<\/div>\n<\/div>\n
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scanners to develop those setups and<\/div>\n<\/div>\n<\/div>\n
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things like that you know what stocks<\/div>\n<\/div>\n<\/div>\n
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are in strong trends that’s how you can<\/div>\n<\/div>\n<\/div>\n
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really build out a strong scalping<\/div>\n<\/div>\n<\/div>\n
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system so here’s some other tips this is<\/div>\n<\/div>\n<\/div>\n
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just kind of specifically talking about<\/div>\n<\/div>\n<\/div>\n
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what I’m seeing in the tape when I’m<\/div>\n<\/div>\n<\/div>\n
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scalping so we’ll do another video where<\/div>\n<\/div>\n<\/div>\n
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I’ll actually show you guys the tape and<\/div>\n<\/div>\n<\/div>\n
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some examples of me making trades in<\/div>\n<\/div>\n<\/div>\n
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them the chart patterns are really the<\/div>\n<\/div>\n<\/div>\n
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principle of how to effectively find<\/div>\n<\/div>\n<\/div>\n
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areas where you can get drives in price<\/div>\n<\/div>\n<\/div>\n
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that you can capture very quickly with<\/div>\n<\/div>\n<\/div>\n
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scalps but you still have to be able to<\/div>\n<\/div>\n<\/div>\n
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read the tape so some of the things you<\/div>\n<\/div>\n<\/div>\n
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might be one of looking at is the<\/div>\n<\/div>\n<\/div>\n
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acceleration of the speed and how the<\/div>\n<\/div>\n<\/div>\n
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bids and offers are changing so this is<\/div>\n<\/div>\n<\/div>\n
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I brought this up in one of your<\/div>\n<\/div>\n<\/div>\n
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meetings how I saw some you guys had it<\/div>\n<\/div>\n<\/div>\n
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where it a grits all of the bids or the<\/div>\n<\/div>\n<\/div>\n
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offers at a specific price and then you<\/div>\n<\/div>\n<\/div>\n
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just stack them and I made a comment I<\/div>\n<\/div>\n<\/div>\n
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was like oh is that is that making it<\/div>\n<\/div>\n<\/div>\n
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easier or harder for you guys to read<\/div>\n<\/div>\n<\/div>\n
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the tape you know is that making it so<\/div>\n<\/div>\n<\/div>\n
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you can’t really value<\/div>\n<\/div>\n<\/div>\n
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speed is only really useful at key<\/div>\n<\/div>\n<\/div>\n
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technical levels were you seeing them<\/div>\n<\/div>\n<\/div>\n
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have massive size on at the bid or the<\/div>\n<\/div>\n<\/div>\n
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offer I personally have it set up where<\/div>\n<\/div>\n<\/div>\n
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it’s color-coded with a gradient so it’s<\/div>\n<\/div>\n<\/div>\n
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yellow and it fades to a lighter yellow<\/div>\n<\/div>\n<\/div>\n
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so the darkest yellow is where the price<\/div>\n<\/div>\n<\/div>\n
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currently is sharks for example is blue<\/div>\n<\/div>\n<\/div>\n
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and then goes to a lighter blue because<\/div>\n<\/div>\n<\/div>\n
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he has blue light glasses so you know<\/div>\n<\/div>\n<\/div>\n
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probably easier on his eyes and doing it<\/div>\n<\/div>\n<\/div>\n
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10 years you want to be able to see and<\/div>\n<\/div>\n<\/div>\n
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build a system out even on your visual<\/div>\n<\/div>\n<\/div>\n
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cues for how you’re seeing whether or<\/div>\n<\/div>\n<\/div>\n
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not the tape is speeding up because then<\/div>\n<\/div>\n<\/div>\n
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you start to build the intuition right<\/div>\n<\/div>\n<\/div>\n
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like scalping is definitely a systematic<\/div>\n<\/div>\n<\/div>\n
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thing and you need to have set rules<\/div>\n<\/div>\n<\/div>\n
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behind it but the end of the day like<\/div>\n<\/div>\n<\/div>\n
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Bell is saying it’s very quick<\/div>\n<\/div>\n<\/div>\n
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decision-making and again you’ll get<\/div>\n<\/div>\n<\/div>\n
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visual cues are a great way to help out<\/div>\n<\/div>\n<\/div>\n
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with that<\/div>\n<\/div>\n<\/div>\n
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you know I can tell when if I see a<\/div>\n<\/div>\n<\/div>\n
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flurry of green prints coming in on the<\/div>\n<\/div>\n<\/div>\n
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time and sales and I see the bids and<\/div>\n<\/div>\n<\/div>\n
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the offers really start to move quickly<\/div>\n<\/div>\n<\/div>\n
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right up to the key technical level<\/div>\n<\/div>\n<\/div>\n
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let’s say 99 cents buy a whole number<\/div>\n<\/div>\n<\/div>\n
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and all sudden I see the whole number<\/div>\n<\/div>\n<\/div>\n
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decrementing on the offer and I see a<\/div>\n<\/div>\n<\/div>\n
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\n
bunch of green prints coming in that’s<\/div>\n<\/div>\n<\/div>\n
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when I hit it at 246 and NVIDIA and then<\/div>\n<\/div>\n<\/div>\n
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it gets above and now you know I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
instantly on the money those visual cues<\/div>\n<\/div>\n<\/div>\n
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are gonna take time to develop I think<\/div>\n<\/div>\n<\/div>\n
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\n
the default here so you have a bunch of<\/div>\n<\/div>\n<\/div>\n
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different colors for everything on the<\/div>\n<\/div>\n<\/div>\n
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\n
bids and offers on the montage I always<\/div>\n<\/div>\n<\/div>\n
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thought it was impossible to tell what<\/div>\n<\/div>\n<\/div>\n
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was happening all these flurries of<\/div>\n<\/div>\n<\/div>\n
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colors coming at your eyes you know<\/div>\n<\/div>\n<\/div>\n
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\n
that’s not necessarily the best way to<\/div>\n<\/div>\n<\/div>\n
\n
\n
build some type of intuition on how the<\/div>\n<\/div>\n<\/div>\n
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\n
tapes moving you know again as with all<\/div>\n<\/div>\n<\/div>\n
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things you have to develop that for<\/div>\n<\/div>\n<\/div>\n
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\n
yourself maybe you like the color green<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if you’re looking to scalp<\/div>\n<\/div>\n<\/div>\n
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maybe you want your montage to be green<\/div>\n<\/div>\n<\/div>\n
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I don’t care<\/div>\n<\/div>\n<\/div>\n
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\n
develop some type of way to do that yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
so I did quickly mention large-sized at<\/div>\n<\/div>\n<\/div>\n
\n
\n
a technical level if you see down the<\/div>\n<\/div>\n<\/div>\n
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order book there’s a huge block size at<\/div>\n<\/div>\n<\/div>\n
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a whole number the specific things that<\/div>\n<\/div>\n<\/div>\n
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I like to do with big whole number moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
like that or in IPOs<\/div>\n<\/div>\n<\/div>\n
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\n
so a lot of times recent IPOs will have<\/div>\n<\/div>\n<\/div>\n
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huge institutional participants who need<\/div>\n<\/div>\n<\/div>\n
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to support the stock or need it to go up<\/div>\n<\/div>\n<\/div>\n
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because they just allocated you know<\/div>\n<\/div>\n<\/div>\n
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tons of shares in those particular<\/div>\n<\/div>\n<\/div>\n
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instances sometimes you could see you<\/div>\n<\/div>\n<\/div>\n
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know 100<\/div>\n<\/div>\n<\/div>\n
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thousands of shares sitting on the bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
or the offer at a specific price those<\/div>\n<\/div>\n<\/div>\n
\n
\n
are the types of moves where you want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get involved in if anyone’s watching<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla yesterday as it came down to 850<\/div>\n<\/div>\n<\/div>\n
\n
\n
or was it 750 anyone remember I think it<\/div>\n<\/div>\n<\/div>\n
\n
\n
was 750 into the close so came into 750<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock on SSR 750 by 750 o1 and there’s<\/div>\n<\/div>\n<\/div>\n
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big size at 750 you know if Tesla’s a<\/div>\n<\/div>\n<\/div>\n
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high bit of stock you guys know what big<\/div>\n<\/div>\n<\/div>\n
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sizes and that you know a couple hundred<\/div>\n<\/div>\n<\/div>\n
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thousand shares sitting on one price i<\/div>\n<\/div>\n<\/div>\n
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\n
buy the penny and a stock that is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
spread of like 25 to 50 cents most of<\/div>\n<\/div>\n<\/div>\n
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\n
the time that’s a key technical level in<\/div>\n<\/div>\n<\/div>\n
\n
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real time you can hit that for all you<\/div>\n<\/div>\n<\/div>\n
\n
\n
want with no risk if it read the Erie<\/div>\n<\/div>\n<\/div>\n
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\n
offers out you know you kick it but if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it breaks down from 750 now next thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know that’s you’re scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity in the case of Tesla you<\/div>\n<\/div>\n<\/div>\n
\n
\n
could have gotten 30 points on that<\/div>\n<\/div>\n<\/div>\n
\n
\n
yesterday<\/div>\n<\/div>\n<\/div>\n
\n
\n
you could’ve short it all you wanted so<\/div>\n<\/div>\n<\/div>\n
\n
\n
those specific things and visual cues<\/div>\n<\/div>\n<\/div>\n
\n
\n
building out your system and seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical levels on the tape we’ll dive<\/div>\n<\/div>\n<\/div>\n
\n
\n
into a little bit more in the next video<\/div>\n<\/div>\n<\/div>\n
\n
\n
but at the same time that all factors<\/div>\n<\/div>\n<\/div>\n
\n
\n
back into where is the stock act<\/div>\n<\/div>\n<\/div>\n
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\n
contextually so that you can make that<\/div>\n<\/div>\n<\/div>\n
\n
\n
really quick play this is just a review<\/div>\n<\/div>\n<\/div>\n
\n
\n
slide you know obviously covered all<\/div>\n<\/div>\n<\/div>\n
\n
\n
this already scoffs of short term<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum trade very tight stops want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
make these trades are on key technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
levels or in a stock that has a strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
trend got to have a system for trend<\/div>\n<\/div>\n<\/div>\n
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\n
filing gotta have a system for defining<\/div>\n<\/div>\n<\/div>\n
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\n
key technical levels reading the tape is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a vital skill and we’ll talk about that<\/div>\n<\/div>\n<\/div>\n
\n
\n
next video okay so now it’s your turn is<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping a strategy that you use in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading if so what are your favorite<\/div>\n<\/div>\n<\/div>\n
\n
\n
times to scalp let us know by leaving a<\/div>\n<\/div>\n<\/div>\n
\n
\n
comment below right now<\/div>\n<\/div>\n<\/div>\n
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\n
<\/div><\/div>\n<\/div>\n<\/div>\n

\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video we introduce the effective and highly profitable scalping trading strategy. A trader from our firm shares winning trades made by scalping that you can learn to grow your trading account. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":49599,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49598","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nScalping: An Effective and Profitable Trading Strategy | SMB Training<\/title>\n<meta name=\"description\" content=\"Learn how to use scalping as an effective and highly profitable trading strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/scalping-an-effective-and-highly-profitable-trading-strategy\" 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