{"id":49647,"date":"2020-02-21T10:17:46","date_gmt":"2020-02-21T15:17:46","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49647"},"modified":"2023-06-13T09:15:06","modified_gmt":"2023-06-13T13:15:06","slug":"how-a-junior-prop-trader-made-a-series-of-scalp-trades-to-achieve-a-daily-high-in-profits-tsla","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-a-junior-prop-trader-made-a-series-of-scalp-trades-to-achieve-a-daily-high-in-profits-tsla","title":{"rendered":"Junior Prop Trader’s Success Story: Mastering Scalp Trades for Daily Profits ($TSLA)"},"content":{"rendered":"

In this video, we share how a junior prop trader made a series of scalps in Tesla to achieve a new daily high in profits. We discuss long AND short scalp trades in Tesla that you can learn to trade to grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video we share how a junior prop<\/div>\n<\/div>\n<\/div>\n
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trader made a series of scalps and Tesla<\/div>\n<\/div>\n<\/div>\n
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to achieve a new daily high in profits<\/div>\n<\/div>\n<\/div>\n
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hi I’m Mike bellafiore co-founder of SMB<\/div>\n<\/div>\n<\/div>\n
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capital and we’re proprietary trading<\/div>\n<\/div>\n<\/div>\n
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firm located in midtown Manhattan and<\/div>\n<\/div>\n<\/div>\n
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I’m also the author of the trading<\/div>\n<\/div>\n<\/div>\n
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classic one good trade and the playbook<\/div>\n<\/div>\n<\/div>\n
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in this video we discussed long and<\/div>\n<\/div>\n<\/div>\n
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short scalps and Tesla that you can<\/div>\n<\/div>\n<\/div>\n
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learn to trade to grow your trading<\/div>\n<\/div>\n<\/div>\n
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account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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today I’m doing a playbook on my<\/div>\n<\/div>\n<\/div>\n
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momentum scalps on the opening drive and<\/div>\n<\/div>\n<\/div>\n
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into the close of day on Tesla on<\/div>\n<\/div>\n<\/div>\n
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February 4th which is really big day for<\/div>\n<\/div>\n<\/div>\n
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Tesla so for big picture context<\/div>\n<\/div>\n<\/div>\n
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Tesla open at all time higher to the<\/div>\n<\/div>\n<\/div>\n
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second day in a row at the same time it<\/div>\n<\/div>\n<\/div>\n
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was also day 4 after a very strong q4<\/div>\n<\/div>\n<\/div>\n
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earnings at beat on revenue be done EPS<\/div>\n<\/div>\n<\/div>\n
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they met expectations for their card<\/div>\n<\/div>\n<\/div>\n
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deliveries and there’s a lot of good<\/div>\n<\/div>\n<\/div>\n
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outlook for the future production on it<\/div>\n<\/div>\n<\/div>\n
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especially because they were building<\/div>\n<\/div>\n<\/div>\n
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more factories in other countries and<\/div>\n<\/div>\n<\/div>\n
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also the Chinese crown of virus news<\/div>\n<\/div>\n<\/div>\n
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that had caused a dip in the market was<\/div>\n<\/div>\n<\/div>\n
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deemed kind of negligible for Tesla’s<\/div>\n<\/div>\n<\/div>\n
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Chinese growth trajectory since its<\/div>\n<\/div>\n<\/div>\n
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third quarter earnings in October Tesla<\/div>\n<\/div>\n<\/div>\n
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has actually come from 250 dollars to<\/div>\n<\/div>\n<\/div>\n
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$90 and four months on this day analysts<\/div>\n<\/div>\n<\/div>\n
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have been trying to keep up with the<\/div>\n<\/div>\n<\/div>\n
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stock in the price targets their market<\/div>\n<\/div>\n<\/div>\n
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cap actually quadrupled from 40 billion<\/div>\n<\/div>\n<\/div>\n
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just 160 billion in this very short time<\/div>\n<\/div>\n<\/div>\n
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period and as far as the market it goes<\/div>\n<\/div>\n<\/div>\n
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in the last week the market had fallen<\/div>\n<\/div>\n<\/div>\n
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due to coronavirus fears but leading to<\/div>\n<\/div>\n<\/div>\n
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this day it was getting kind of clear<\/div>\n<\/div>\n<\/div>\n
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that perhaps the dip was being bought<\/div>\n<\/div>\n<\/div>\n
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spiars approaching the top of the range<\/div>\n<\/div>\n<\/div>\n
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that it dipped into the Q’s r<\/div>\n<\/div>\n<\/div>\n
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approaching its all-time highs again and<\/div>\n<\/div>\n<\/div>\n
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there are a lot of indicators of a very<\/div>\n<\/div>\n<\/div>\n
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strong market and in summary for the big<\/div>\n<\/div>\n<\/div>\n
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picture context Tesla has been a really<\/div>\n<\/div>\n<\/div>\n
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prominent market leader in a very strong<\/div>\n<\/div>\n<\/div>\n
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market alright so a big day for Tesla<\/div>\n<\/div>\n<\/div>\n
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and and really good day for you too<\/div>\n<\/div>\n<\/div>\n
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right so last night we celebrated you<\/div>\n<\/div>\n<\/div>\n
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hitting an important milestone and so<\/div>\n<\/div>\n<\/div>\n
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and that’s great and he did it in in<\/div>\n<\/div>\n<\/div>\n
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this opportunity right here which were<\/div>\n<\/div>\n<\/div>\n
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going to talk about right so we went to<\/div>\n<\/div>\n<\/div>\n
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mighty Quinn’s I forget how we got on<\/div>\n<\/div>\n<\/div>\n
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that subject but I think that Max and I<\/div>\n<\/div>\n<\/div>\n
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were sort of saying during training at<\/div>\n<\/div>\n<\/div>\n
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some point that if somebody hit this<\/div>\n<\/div>\n<\/div>\n
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particular milestone which you had that<\/div>\n<\/div>\n<\/div>\n
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I think I was on the hook for taking<\/div>\n<\/div>\n<\/div>\n
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everybody out for dinner and I don’t<\/div>\n<\/div>\n<\/div>\n
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know why we selected mighty Quinn’s but<\/div>\n<\/div>\n<\/div>\n
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anyway we did and so so you hit that<\/div>\n<\/div>\n<\/div>\n
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mile since we’re out and<\/div>\n<\/div>\n<\/div>\n
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some chicken sandwiches you guys had<\/div>\n<\/div>\n<\/div>\n
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checked I had the ribs but uh I don’t<\/div>\n<\/div>\n<\/div>\n
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know why guys got all the chicken<\/div>\n<\/div>\n<\/div>\n
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sandwiches seems like the ribs looked a<\/div>\n<\/div>\n<\/div>\n
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little bit better I mean there’s a<\/div>\n<\/div>\n<\/div>\n
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barbecue place but it was fried chicken<\/div>\n<\/div>\n<\/div>\n
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you got the fried chicken sandwich it<\/div>\n<\/div>\n<\/div>\n
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wasn’t the barbecue chicken so that’s<\/div>\n<\/div>\n<\/div>\n
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pretty good and now we have we were<\/div>\n<\/div>\n<\/div>\n
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talking so we all went out and then we<\/div>\n<\/div>\n<\/div>\n
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were talking about the next milestone<\/div>\n<\/div>\n<\/div>\n
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for one of you in your class to hit and<\/div>\n<\/div>\n<\/div>\n
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talked about maybe getting pizza that’s<\/div>\n<\/div>\n<\/div>\n
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actually looking up where we could go to<\/div>\n<\/div>\n<\/div>\n
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get really good pizza and I typed in<\/div>\n<\/div>\n<\/div>\n
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like the top pizza places in New York<\/div>\n<\/div>\n<\/div>\n
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City<\/div>\n<\/div>\n<\/div>\n
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and I think I gained five pounds just<\/div>\n<\/div>\n<\/div>\n
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actually looking at the site there’s<\/div>\n<\/div>\n<\/div>\n
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some like pretty good places in Brooklyn<\/div>\n<\/div>\n<\/div>\n
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and so whoever does it will get to pick<\/div>\n<\/div>\n<\/div>\n
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one of the top places in New York and<\/div>\n<\/div>\n<\/div>\n
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we’ll take everybody out there but look<\/div>\n<\/div>\n<\/div>\n
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the milestone is the milestone and it<\/div>\n<\/div>\n<\/div>\n
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doesn’t even really matter what it is<\/div>\n<\/div>\n<\/div>\n
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the reason why we actually have<\/div>\n<\/div>\n<\/div>\n
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milestones and Carlton passed them out<\/div>\n<\/div>\n<\/div>\n
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to you guys recently some are process<\/div>\n<\/div>\n<\/div>\n
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orientated and some are PL generated<\/div>\n<\/div>\n<\/div>\n
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there’s a long way for you to go from<\/div>\n<\/div>\n<\/div>\n
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where you all you are all at to being a<\/div>\n<\/div>\n<\/div>\n
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seven-figure trader but along the way<\/div>\n<\/div>\n<\/div>\n
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you do have to challenge yourself and<\/div>\n<\/div>\n<\/div>\n
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you do need to set goals which are<\/div>\n<\/div>\n<\/div>\n
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achievable so that you can see the<\/div>\n<\/div>\n<\/div>\n
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progress that you’re making so that you<\/div>\n<\/div>\n<\/div>\n
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can sustain your energy to keep working<\/div>\n<\/div>\n<\/div>\n
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at this if you were to come in at the<\/div>\n<\/div>\n<\/div>\n
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beginning of your career you know let’s<\/div>\n<\/div>\n<\/div>\n
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say the only goal that we had David was<\/div>\n<\/div>\n<\/div>\n
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for you to be a seven-figure trader now<\/div>\n<\/div>\n<\/div>\n
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this really good experience for you<\/div>\n<\/div>\n<\/div>\n
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would be perhaps not that not as<\/div>\n<\/div>\n<\/div>\n
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encouraging<\/div>\n<\/div>\n<\/div>\n
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because it’s a long way from being a<\/div>\n<\/div>\n<\/div>\n
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seven-figure trader but if you can get<\/div>\n<\/div>\n<\/div>\n
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to the you can get to one milestone and<\/div>\n<\/div>\n<\/div>\n
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I think the milestones are the first<\/div>\n<\/div>\n<\/div>\n
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trade is 250 and then 500 and a thousand<\/div>\n<\/div>\n<\/div>\n
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I think it’s twenty five twenty five<\/div>\n<\/div>\n<\/div>\n
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hundred and I think it’s five thousand<\/div>\n<\/div>\n<\/div>\n
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and then ten thousand are some of the<\/div>\n<\/div>\n<\/div>\n
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milestones that we sort of set up and so<\/div>\n<\/div>\n<\/div>\n
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people who are watching at home or<\/div>\n<\/div>\n<\/div>\n
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retail traders think that’s a good thing<\/div>\n<\/div>\n<\/div>\n
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to copy can I make a $250 trade if I do<\/div>\n<\/div>\n<\/div>\n
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so give myself a checkmark acknowledge<\/div>\n<\/div>\n<\/div>\n
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that I’ve hit a milestone that’s that’s<\/div>\n<\/div>\n<\/div>\n
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good stuff when I have a $500 trade okay<\/div>\n<\/div>\n<\/div>\n
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check that off I’ve made progress when<\/div>\n<\/div>\n<\/div>\n
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I’ve made $1000 trade okay it’s a<\/div>\n<\/div>\n<\/div>\n
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milestone check that off you are making<\/div>\n<\/div>\n<\/div>\n
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progress you are setting achievable<\/div>\n<\/div>\n<\/div>\n
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goals we have some milestones on reading<\/div>\n<\/div>\n<\/div>\n
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the tape viewing sessions and and and<\/div>\n<\/div>\n<\/div>\n
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and consistency there’s some milestones<\/div>\n<\/div>\n<\/div>\n
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in there how many days you’re positive<\/div>\n<\/div>\n<\/div>\n
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in a row but those are that was<\/div>\n<\/div>\n<\/div>\n
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important I think they’re fun because<\/div>\n<\/div>\n<\/div>\n
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the reality is again you’re not going to<\/div>\n<\/div>\n<\/div>\n
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make as much money as some of the better<\/div>\n<\/div>\n<\/div>\n
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guys in the desk<\/div>\n<\/div>\n<\/div>\n
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but you still can be having just as good<\/div>\n<\/div>\n<\/div>\n
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of a day production-wise as them and you<\/div>\n<\/div>\n<\/div>\n
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need to see that and you know thousand<\/div>\n<\/div>\n<\/div>\n
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becomes a three thousand dollar day<\/div>\n<\/div>\n<\/div>\n
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becomes a 10 thousand dollar day okay so<\/div>\n<\/div>\n<\/div>\n
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you’ve got the next milestone for<\/div>\n<\/div>\n<\/div>\n
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yourself to hit good job and hitting<\/div>\n<\/div>\n<\/div>\n
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that and let’s talk about how you do it<\/div>\n<\/div>\n<\/div>\n
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with this particular trade so Tesla’s<\/div>\n<\/div>\n<\/div>\n
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been really strong and today especially<\/div>\n<\/div>\n<\/div>\n
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it was really in play some of the<\/div>\n<\/div>\n<\/div>\n
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intraday fundamentals for Tesla by the<\/div>\n<\/div>\n<\/div>\n
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end of the this day was 2.7 arvo which<\/div>\n<\/div>\n<\/div>\n
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is pretty good for it I want to know a<\/div>\n<\/div>\n<\/div>\n
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couple things and it’s intraday<\/div>\n<\/div>\n<\/div>\n
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fundamentals it’s short float this isn’t<\/div>\n<\/div>\n<\/div>\n
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exactly accurate because the site I use<\/div>\n<\/div>\n<\/div>\n
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for information on short float it<\/div>\n<\/div>\n<\/div>\n
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doesn’t always update to the exact day<\/div>\n<\/div>\n<\/div>\n
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but Tesla has been generally fairly high<\/div>\n<\/div>\n<\/div>\n
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fairly high<\/div>\n<\/div>\n<\/div>\n
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shorted above 20% even though it’s been<\/div>\n<\/div>\n<\/div>\n
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going up people always trying to short<\/div>\n<\/div>\n<\/div>\n
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it some people try to make the careers<\/div>\n<\/div>\n<\/div>\n
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in shorting Tesla so that’s always<\/div>\n<\/div>\n<\/div>\n
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something important to keep in the back<\/div>\n<\/div>\n<\/div>\n
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of the mind on the state also capped up<\/div>\n<\/div>\n<\/div>\n
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15% and probably most notably the pre<\/div>\n<\/div>\n<\/div>\n
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market volume on this day was almost 20%<\/div>\n<\/div>\n<\/div>\n
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of its average volume which I think<\/div>\n<\/div>\n<\/div>\n
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shows how in play this name was and then<\/div>\n<\/div>\n<\/div>\n
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I’m gonna show you some chart to show<\/div>\n<\/div>\n<\/div>\n
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how extended this was from its quarterly<\/div>\n<\/div>\n<\/div>\n
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three earnings if you want to learn<\/div>\n<\/div>\n<\/div>\n
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three real-world setups that our traders<\/div>\n<\/div>\n<\/div>\n
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used including the simple setup that we<\/div>\n<\/div>\n<\/div>\n
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teach all of our new traders and the set<\/div>\n<\/div>\n<\/div>\n
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up that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven-figure big money earner check out<\/div>\n<\/div>\n<\/div>\n
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the free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n
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that should be appearing right now at<\/div>\n<\/div>\n<\/div>\n
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the top right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s gonna open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry you’re not gonna lose this<\/div>\n<\/div>\n<\/div>\n
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video you’re gonna learn more in a<\/div>\n<\/div>\n<\/div>\n
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couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop then from years of online<\/div>\n<\/div>\n<\/div>\n
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education so I’m the daily you can see<\/div>\n<\/div>\n<\/div>\n
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here is its quota three earnings and<\/div>\n<\/div>\n<\/div>\n
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there’s a large gap then and since this<\/div>\n<\/div>\n<\/div>\n
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October date it’s come all the way to<\/div>\n<\/div>\n<\/div>\n
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900 from 250 which is almost quadruple<\/div>\n<\/div>\n<\/div>\n
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in its price on an all-time chart it’s a<\/div>\n<\/div>\n<\/div>\n
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little more clear you can see that it’s<\/div>\n<\/div>\n<\/div>\n
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come out of this this area where it’s<\/div>\n<\/div>\n<\/div>\n
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come down and then continually just come<\/div>\n<\/div>\n<\/div>\n
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up quite a bit very steeply and this is<\/div>\n<\/div>\n<\/div>\n
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the 30-minute chart for the last few<\/div>\n<\/div>\n<\/div>\n
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months you can see it’s very clearly an<\/div>\n<\/div>\n<\/div>\n
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uptrend and then particularly the last<\/div>\n<\/div>\n<\/div>\n
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couple days you can see that it’s<\/div>\n<\/div>\n<\/div>\n
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extremely extremely steep so for some<\/div>\n<\/div>\n<\/div>\n
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market context this is a 4-hour chart<\/div>\n<\/div>\n<\/div>\n
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for the last six months and this is just<\/div>\n<\/div>\n<\/div>\n
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to show that how strong the markets been<\/div>\n<\/div>\n<\/div>\n
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this line indicates the breakout point<\/div>\n<\/div>\n<\/div>\n
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from a long-term consolidation that the<\/div>\n<\/div>\n<\/div>\n
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spy has had and it’s gone an up it’s<\/div>\n<\/div>\n<\/div>\n
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been an uptrend this dip right here has<\/div>\n<\/div>\n<\/div>\n
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been due to the coronavirus news and<\/div>\n<\/div>\n<\/div>\n
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fears but on this day you can see that<\/div>\n<\/div>\n<\/div>\n
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the spy is kind of coming up to the top<\/div>\n<\/div>\n<\/div>\n
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of the range that it’s been in it looks<\/div>\n<\/div>\n<\/div>\n
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like the dips being bought and we’re<\/div>\n<\/div>\n<\/div>\n
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clearly in the queues which is very<\/div>\n<\/div>\n<\/div>\n
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similar the dips and bought but it’s<\/div>\n<\/div>\n<\/div>\n
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actually approaching its all-time highs<\/div>\n<\/div>\n<\/div>\n
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so the queues have been a little bit<\/div>\n<\/div>\n<\/div>\n
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stronger but all around very somewhere<\/div>\n<\/div>\n<\/div>\n
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yeah for my morning game plan Tesla’s<\/div>\n<\/div>\n<\/div>\n
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been extremely strong and shorten it in<\/div>\n<\/div>\n<\/div>\n
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the past days has been very risky and<\/div>\n<\/div>\n<\/div>\n
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the stock at this point you can see from<\/div>\n<\/div>\n<\/div>\n
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the weekly chart is like extremely<\/div>\n<\/div>\n<\/div>\n
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parabolic and there hasn’t been like any<\/div>\n<\/div>\n<\/div>\n
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polling which I think has me to keep my<\/div>\n<\/div>\n<\/div>\n
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mind open for both the short and a long<\/div>\n<\/div>\n<\/div>\n
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side here because you know like how high<\/div>\n<\/div>\n<\/div>\n
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can it go right that question people<\/div>\n<\/div>\n<\/div>\n
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keep asking in the last the weeks up to<\/div>\n<\/div>\n<\/div>\n
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this moment and it just keeps going up<\/div>\n<\/div>\n<\/div>\n
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so I don’t think I have the resources or<\/div>\n<\/div>\n<\/div>\n
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the expertise to kind of guess the top<\/div>\n<\/div>\n<\/div>\n
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so I’m just gonna try to be in a scout<\/div>\n<\/div>\n<\/div>\n
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mindset because the one certain thing is<\/div>\n<\/div>\n<\/div>\n
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that there’s an elevated our ball it’s<\/div>\n<\/div>\n<\/div>\n
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very employ there’s a lot of pre market<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume and so I want to be able to read<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape clearly on the morning game<\/div>\n<\/div>\n<\/div>\n
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\n
plan and play the momentum really play<\/div>\n<\/div>\n<\/div>\n
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\n
any breakouts in solid ation your highs<\/div>\n<\/div>\n<\/div>\n
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\n
and lows and really if there’s any sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
of directionality just try to scout that<\/div>\n<\/div>\n<\/div>\n
\n
\n
for momentum it’s an important point<\/div>\n<\/div>\n<\/div>\n
\n
\n
lots of times people think I have to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
long Tesla and catch a really big move<\/div>\n<\/div>\n<\/div>\n
\n
\n
or I have to catch the backside and<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla and catch a really big short<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulling trade and you don’t need to do<\/div>\n<\/div>\n<\/div>\n
\n
\n
that it’s good enough to just spot<\/div>\n<\/div>\n<\/div>\n
\n
\n
something and look for opportunities<\/div>\n<\/div>\n<\/div>\n
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\n
where it’s overbought short it for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalp oversold buy it for scalp wait for<\/div>\n<\/div>\n<\/div>\n
\n
\n
it to break out of a important area<\/div>\n<\/div>\n<\/div>\n
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\n
scalp it to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe brakes now from errors scalp it to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the short side I mean something like<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla is is going up and down intraday<\/div>\n<\/div>\n<\/div>\n
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\n
in shorter chunks cleanly that are easy<\/div>\n<\/div>\n<\/div>\n
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\n
to discern if you are patient and so you<\/div>\n<\/div>\n<\/div>\n
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\n
don’t have to feel that pressure and you<\/div>\n<\/div>\n<\/div>\n
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\n
can see that a little bit today with<\/div>\n<\/div>\n<\/div>\n
\n
\n
space right even over the last three<\/div>\n<\/div>\n<\/div>\n
\n
\n
days people feel like I have to get the<\/div>\n<\/div>\n<\/div>\n
\n
\n
space long right or I have to get the<\/div>\n<\/div>\n<\/div>\n
\n
\n
space short right which is fine and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
would say a majority of the traders will<\/div>\n<\/div>\n<\/div>\n
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\n
focus on that but you can make a career<\/div>\n<\/div>\n<\/div>\n
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\n
thinking differently you can make a<\/div>\n<\/div>\n<\/div>\n
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\n
career saying that’s a lot of pressure<\/div>\n<\/div>\n<\/div>\n
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\n
for me<\/div>\n<\/div>\n<\/div>\n
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\n
you know maybe that’s not exactly the<\/div>\n<\/div>\n<\/div>\n
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\n
way I want to think through things so<\/div>\n<\/div>\n<\/div>\n
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\n
you don’t need to you don’t need to put<\/div>\n<\/div>\n<\/div>\n
\n
\n
that kind of pressure on yourself it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
so good and I’m glad you’re thinking I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
glad you’re being open-minded that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t need to do that that’s an<\/div>\n<\/div>\n<\/div>\n
\n
\n
important observation and my focus is<\/div>\n<\/div>\n<\/div>\n
\n
\n
really just trying to be in like a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
nimble mindset not to let myself get<\/div>\n<\/div>\n<\/div>\n
\n
\n
caught or it stuck to one side unless<\/div>\n<\/div>\n<\/div>\n
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\n
it’s very very clear which in other<\/div>\n<\/div>\n<\/div>\n
\n
\n
words really just means being really<\/div>\n<\/div>\n<\/div>\n
\n
\n
quick to take profits and being open<\/div>\n<\/div>\n<\/div>\n
\n
\n
minded so this was the pre market setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see like yesterday it was pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong an uptrend and then today it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
gapped up you can see that since you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that since the the morning there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
been a good amount of pre market volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
and even broke 900 which was a target<\/div>\n<\/div>\n<\/div>\n
\n
\n
that not many thought it would hit like<\/div>\n<\/div>\n<\/div>\n
\n
\n
a couple months ago I’m so ready there<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the pre market and then this is what<\/div>\n<\/div>\n<\/div>\n
\n
\n
I ended up doing on the opening drive so<\/div>\n<\/div>\n<\/div>\n
\n
\n
number one I noticed that there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakness on the tape and there’s a swipe<\/div>\n<\/div>\n<\/div>\n
\n
\n
below the pre market support leaving<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the open and I noticed that there<\/div>\n<\/div>\n<\/div>\n
\n
\n
is an inability for its approach to<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market high which is kind of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
wick you see on the candle and I end up<\/div>\n<\/div>\n<\/div>\n
\n
\n
shooting one momentum lot and I take it<\/div>\n<\/div>\n<\/div>\n
\n
\n
down and as it goes down I’m really just<\/div>\n<\/div>\n<\/div>\n
\n
\n
watching the tape taking profits noting<\/div>\n<\/div>\n<\/div>\n
\n
\n
that there’s heavy selling volume and<\/div>\n<\/div>\n<\/div>\n
\n
\n
when the tape begins to turn I get out<\/div>\n<\/div>\n<\/div>\n
\n
\n
my entire position see if it gets bought<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up and when it does I start to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
back in one is such making a push back<\/div>\n<\/div>\n<\/div>\n
\n
\n
to achieve you op did you hold that<\/div>\n<\/div>\n<\/div>\n
\n
\n
until you saw the tape turn you saw the<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakness you hit it for a scalp and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
you were saying to yourself because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re quite in the money here you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
saying to yourself I want to see it turn<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the tape stay in it until I see the<\/div>\n<\/div>\n<\/div>\n
\n
\n
turn or are you just sort of saying well<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m so far in the money lock in profit I<\/div>\n<\/div>\n<\/div>\n
\n
\n
mean definitely a little bit of both I<\/div>\n<\/div>\n<\/div>\n
\n
\n
mean it came down a lot farther than I<\/div>\n<\/div>\n<\/div>\n
\n
\n
thought it would but I feel like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
has happened before in Tesla where it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of like gone sold off in the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then just bid back up and gone for<\/div>\n<\/div>\n<\/div>\n
\n
\n
four highs on the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
so I was just really prepared for it to<\/div>\n<\/div>\n<\/div>\n
\n
\n
turn around on me I think just the short<\/div>\n<\/div>\n<\/div>\n
\n
\n
silent Tesla there’s just really risky<\/div>\n<\/div>\n<\/div>\n
\n
\n
to keeps eyes on and I definitely baron<\/div>\n<\/div>\n<\/div>\n
\n
\n
multiple times trying to hold on his<\/div>\n<\/div>\n<\/div>\n
\n
\n
eyes the way I set up my volume bar on<\/div>\n<\/div>\n<\/div>\n
\n
\n
dickish whim I can see like how much<\/div>\n<\/div>\n<\/div>\n
\n
\n
size has been done on the asker the bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see like the first candle is<\/div>\n<\/div>\n<\/div>\n
\n
\n
real a lot of heavy selling and a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
heavy and you can actually see like when<\/div>\n<\/div>\n<\/div>\n
\n
\n
it when the when the candle is turned<\/div>\n<\/div>\n<\/div>\n
\n
\n
green you can see like all the volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
volumes I’ve also turned green and like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the bind really comes in and I think on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape it’s pretty clear I’m just very<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m just trying to be as nimble as<\/div>\n<\/div>\n<\/div>\n
\n
\n
possible so I end up getting long on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that turn get out on this small pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see at number four and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually try to flip it short but I<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t end up working out so I’m like<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay maybe this is just a really shallow<\/div>\n<\/div>\n<\/div>\n
\n
\n
pull in and I got back long when that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
completed though I mean you catch a nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
move down right away right one and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
two and then you’re able to rest and<\/div>\n<\/div>\n<\/div>\n
\n
\n
think about hey where would be a good<\/div>\n<\/div>\n<\/div>\n
\n
\n
long get you you get long and it takes<\/div>\n<\/div>\n<\/div>\n
\n
\n
something out of that and that’s good<\/div>\n<\/div>\n<\/div>\n
\n
\n
open-minded trading I mean it sold off a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit too much so with three that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
set up a good long that’s that’s a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
good intraday active trading that’s good<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it’s very good intraday active<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping and I just try to continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
having this mindset I as a purchase to<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre market highs there I end up getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
out a little bit and I’m just like<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to see if it’s gonna break it<\/div>\n<\/div>\n<\/div>\n
\n
\n
does break pretty cleanly so I got back<\/div>\n<\/div>\n<\/div>\n
\n
\n
in there and then one at the top it<\/div>\n<\/div>\n<\/div>\n
\n
\n
starts getting really heavy and<\/div>\n<\/div>\n<\/div>\n
\n
\n
eventually I got of everything<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially when it was kind of clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
that it was really selling off and it<\/div>\n<\/div>\n<\/div>\n
\n
\n
hadn’t sold off since like that since to<\/div>\n<\/div>\n<\/div>\n
\n
\n
open and I ended up flipping short<\/div>\n<\/div>\n<\/div>\n
\n
\n
alright good so it’s going up going up<\/div>\n<\/div>\n<\/div>\n
\n
\n
going up to gone up a bunch and now<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re noticing it’s harder for it to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
up higher there’s volume being done but<\/div>\n<\/div>\n<\/div>\n
\n
\n
that volume is not pushing it up as much<\/div>\n<\/div>\n<\/div>\n
\n
\n
as it had from where you watched it<\/div>\n<\/div>\n<\/div>\n
\n
\n
towards the bottom up<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it is there we call that being<\/div>\n<\/div>\n<\/div>\n
\n
\n
heavy there’s volume being done<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s transactions being done there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
decent volume but that is not pushing<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stock higher and the poland is a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
deeper than the last several poland’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
which have an extremely shallow between<\/div>\n<\/div>\n<\/div>\n
\n
\n
number seven number eight it actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidates a little bit i thought it<\/div>\n<\/div>\n<\/div>\n
\n
\n
was gonna break out long tried scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
it long and it was a fake break out so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
got out of that and then flipped it<\/div>\n<\/div>\n<\/div>\n
\n
\n
short when it was quit i was when it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
clear that was a fake breakdown or break<\/div>\n<\/div>\n<\/div>\n
\n
\n
out and that was kind of like most the<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum scalping i did on the opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
drive<\/div>\n<\/div>\n<\/div>\n
\n
\n
alright doing that early open and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
ended up scalping this for the whole day<\/div>\n<\/div>\n<\/div>\n
\n
\n
but I think that this kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
demonstrated the best time to momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalp because there’s so much volume and<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility and I think it was actually a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of a mistake to continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to scalp this a little bit too<\/div>\n<\/div>\n<\/div>\n
\n
\n
much once the the moves are a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
the opening moves a little bit finished<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and so what you’ll see when you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to make some of these these<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalps and Tesla is that when you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see it when you can see where there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakness and you get short when you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see where their strength and you can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
long when you can notice there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
something different when you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
describe what that is so you know assets<\/div>\n<\/div>\n<\/div>\n
\n
\n
going up after a pretty explosive move<\/div>\n<\/div>\n<\/div>\n
\n
\n
to the upside you’re saying I’m seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
heaviness on the tape and now I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting short those are gonna be those<\/div>\n<\/div>\n<\/div>\n
\n
\n
are gonna tend to be your better<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum trades slash scalp trades you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know on the open I can I forget what<\/div>\n<\/div>\n<\/div>\n
\n
\n
your words are and I can’t see that far<\/div>\n<\/div>\n<\/div>\n
\n
\n
can you read that to me again<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the open I noticed weakness on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape yeah so I noticed weakness on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape yeah and then the more you can in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your own head describe what that is what<\/div>\n<\/div>\n<\/div>\n
\n
\n
that means that’s gonna get you to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
those see it better trades that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
important and then so the over trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
becomes oh well it it didn’t go down so<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’ll get long as opposed to it didn’t go<\/div>\n<\/div>\n<\/div>\n
\n
\n
down the<\/div>\n<\/div>\n<\/div>\n
\n
\n
to push it lower there’s more volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a buyer it’s new<\/div>\n<\/div>\n<\/div>\n
\n
\n
let me get along I’m seeing the strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a better trade okay what’s next<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah this is just my trade executions on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the opening drive basically you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
me flip short here flipping here trying<\/div>\n<\/div>\n<\/div>\n
\n
\n
to short the pull in doesn’t work and<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m picking long all the way top flip<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so on here this has actually zoomed<\/div>\n<\/div>\n<\/div>\n
\n
\n
out for the entire day<\/div>\n<\/div>\n<\/div>\n
\n
\n
what I was just showing you was this<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of area right here on the left side<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it comes down up back down and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s really choppy kind of like I was<\/div>\n<\/div>\n<\/div>\n
\n
\n
just saying like I definitely scalped a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit too much into the midday I<\/div>\n<\/div>\n<\/div>\n
\n
\n
think like it’s pretty clear after a<\/div>\n<\/div>\n<\/div>\n
\n
\n
whole deal up here it just kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
trends up back to that high and ends up<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaking out a little bit more something<\/div>\n<\/div>\n<\/div>\n
\n
\n
really important to keep in mind in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
future when I stocks ever even played<\/div>\n<\/div>\n<\/div>\n
\n
\n
like this again and I’m trying to<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum scalp it is to kind of look for<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bigger picture idea once that momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the volume dies down because if it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna trend like I shouldn’t just be<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalping it yeah and if you are you seem<\/div>\n<\/div>\n<\/div>\n
\n
\n
like you’re doing a pretty good job of<\/div>\n<\/div>\n<\/div>\n
\n
\n
being open-minded cuz you’re trading it<\/div>\n<\/div>\n<\/div>\n
\n
\n
long and short that seems to be an easy<\/div>\n<\/div>\n<\/div>\n
\n
\n
transition for you to be able to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is alright after an hour settles<\/div>\n<\/div>\n<\/div>\n
\n
\n
where the there’s this period of price<\/div>\n<\/div>\n<\/div>\n
\n
\n
discovery let me just sort of see if<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a particular trend that I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
noticing and because you’re in it and<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading it actively it should be<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually easier for you to detect the<\/div>\n<\/div>\n<\/div>\n
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likelihood that there was gonna be a<\/div>\n<\/div>\n<\/div>\n
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trend I suppose just looking at a chart<\/div>\n<\/div>\n<\/div>\n
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so I sense it you should do that and so<\/div>\n<\/div>\n<\/div>\n
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you know when you have something that<\/div>\n<\/div>\n<\/div>\n
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gaps up and then it’s above B WAP and<\/div>\n<\/div>\n<\/div>\n
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holding the gap and doing nicely you can<\/div>\n<\/div>\n<\/div>\n
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shift then to say now it’s time for a<\/div>\n<\/div>\n<\/div>\n
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swing trade I’m seeing yet I’m seeing<\/div>\n<\/div>\n<\/div>\n
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the strength let me give it a run I’m<\/div>\n<\/div>\n<\/div>\n
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now making an intraday swing trade I’ve<\/div>\n<\/div>\n<\/div>\n
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got different rules for that that’s a<\/div>\n<\/div>\n<\/div>\n
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different Trey let me give it a go<\/div>\n<\/div>\n<\/div>\n
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all right good but yeah good I mean<\/div>\n<\/div>\n<\/div>\n
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really good job hitting your milestone<\/div>\n<\/div>\n<\/div>\n
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looking forward to all of the next of<\/div>\n<\/div>\n<\/div>\n
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you getting to that particular milestone<\/div>\n<\/div>\n<\/div>\n
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you should all do in this market you<\/div>\n<\/div>\n<\/div>\n
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really should all do it almost by the<\/div>\n<\/div>\n<\/div>\n
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end of the week it’s Thursday max I know<\/div>\n<\/div>\n<\/div>\n
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you’re you’re upset about today but you<\/div>\n<\/div>\n<\/div>\n
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know and and that’s fine you should be<\/div>\n<\/div>\n<\/div>\n
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but these milestones these numbers<\/div>\n<\/div>\n<\/div>\n
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become much higher you know there was a<\/div>\n<\/div>\n<\/div>\n
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time where I personally challenged some<\/div>\n<\/div>\n<\/div>\n
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of the guys in the desk to have a thirty<\/div>\n<\/div>\n<\/div>\n
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thousand dollar month who have gone on<\/div>\n<\/div>\n<\/div>\n
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to make you know millions and millions<\/div>\n<\/div>\n<\/div>\n
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in a year these numbers are just what<\/div>\n<\/div>\n<\/div>\n
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we’re making them up we’re just making<\/div>\n<\/div>\n<\/div>\n
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them up they’re arbitrary there’s<\/div>\n<\/div>\n<\/div>\n
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there’s nothing that says that you can<\/div>\n<\/div>\n<\/div>\n
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only make $1,000 in a particular day you<\/div>\n<\/div>\n<\/div>\n
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know great milestone at the beginning to<\/div>\n<\/div>\n<\/div>\n
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hit that’s a that’s impressive nothing<\/div>\n<\/div>\n<\/div>\n
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to say for the next person in the room<\/div>\n<\/div>\n<\/div>\n
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and I hit three thousand it’s just an<\/div>\n<\/div>\n<\/div>\n
\n
\n
art it’s an arbitrary number they shift<\/div>\n<\/div>\n<\/div>\n
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but the trade that went into it that you<\/div>\n<\/div>\n<\/div>\n
\n
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like you can build from and trade bigger<\/div>\n<\/div>\n<\/div>\n
\n
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and the improvement that you see perhaps<\/div>\n<\/div>\n<\/div>\n
\n
\n
turning this into swaying can be made to<\/div>\n<\/div>\n<\/div>\n
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\n
make a little bit more and you can find<\/div>\n<\/div>\n<\/div>\n
\n
\n
more trades like this and other things<\/div>\n<\/div>\n<\/div>\n
\n
\n
like you know could you have found the<\/div>\n<\/div>\n<\/div>\n
\n
\n
same trade in space over the last five<\/div>\n<\/div>\n<\/div>\n
\n
\n
days or so yes a hundred percent and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s that’s the importance of that and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you just keep challenging<\/div>\n<\/div>\n<\/div>\n
\n
\n
yourself there’s really no there’s no<\/div>\n<\/div>\n<\/div>\n
\n
\n
destination 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 what if so are your favorite<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade setups to scalp let us know by<\/div>\n<\/div>\n<\/div>\n
\n
\n
leaving a comment below right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
<\/div><\/div>\n<\/div>\n<\/div>\n

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

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

In this video, we share how a junior prop trader made a series of scalps in Tesla to achieve a new daily high in profits. We discuss long AND short scalp trades in Tesla that you can learn to trade to grow your trading account. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":49648,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49647","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nJunior Prop Trader Achieves Daily High | SMB Training<\/title>\n<meta name=\"description\" content=\"Learn how a junior prop trader achieved a daily high in profits with scalp trades. 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