Scalping: An Effective And Highly Profitable Trading Strategy (part II)

#scalpingtradingstrategy #scalping #daytrading

[MelekShelomohTrading]

1 Minute Open Range Breakout at market open is my go to scalp play. 1st 1minute candle opening above VWAP ride the upward momentum as momentum stalls I’m out. If pulls back with low volume holds support and momentum picks back up I’m back in for the ride until it stalls.

[ImChrisBrown]

What killer content. His explanation and rationalization are as in depth and as bare bones as you could want. I loved that he went into the mechanics of what he saw on the tape and how it actively influenced his decision making while live. The past video helped me significantly and I'm excited to apply what I've learned from here. What a time a trade.

[geoffbeyer]

There is some great content here. I trade the Forex market and scalping is my bread and butter. I trade the 5 min charts, and I only enter on reversals at the H/L of the previous day or 21 EMA continuation bounces. A few of the concepts that I've discovered through trial and error have been used here, so that's good to know. My biggest lesson has been to not force the set up, which takes discipline, but my bottom line and mental health have been the biggest benefactor.

[Dem]

This trader did a wonderful job going over his trade. Loved the part when he
goes over the use of the tape for his trade.

[ThatOtherRaccoon]

"I don't really need to be a hero here."

That is awesome.

[georgemcduffey]

"Make a plan, stick to the plan: Always Deliver." --- Storks

(Really great example/instruction on this video. If I have a couple red days I try to scalp a green day for some emotional balance. This is a good example of how you can "just" scalp, but do it in a way that improves your trading with 'best practices'. Thanks, as always, SMB.)

[tradingarsenal]

Exciting that I know all of this, and I'm able to act on about 75% of it in real time. This is only 3+ years in the game... Can't even imagine at 5, 10 yrs in!!! Stay humble, stay green!

[originalm]

*The guy in this video is one of the best communicators/speakers that I have ever heard on the subject of scalping and tape reading. Unfortunately, many other videos (not SMB videos), speak in very vague terms. The guy in this video spoke in-terms of specific actions that he is taking.*

[gregoryjules]

Scalped ROKU off the daily support today at $128 for a nice 3 points. Cant wait to get another 3 day trades next week. Thanks for the video!!!

[kevinbeale]

Fantastic series, SMB! Hope you'll keep it going. The technical thought process behind the trader's scaling in and out is valuable, but the most valuable aspect for me is his ability to narrate the "story of price, " what is likely driving other traders in the move, what is likely to happen given the stock's typical behavior, and how he should adjust accordingly. This is an excellent example of why (I believe) in-tune discretionary traders have a clear edge over more mechanical strategies. Many thanks! Recommendation for Part 3: post-mortem on similar setups that ended up being losing trades.

[stefovijak]

Trading First opening drives on Low float stocks that are gapping in the pre-market. Always going long and exiting around pre-market high breaks or resistance areas.
These videos are a huge help when it comes specifically to how this trader is scaling in and out of his positions. Thank you, keep it up!

[greges]

not only priceless scalping lesson but also great tape reading seminar, thank you!

[prolaxbro]

I’m really new I just got thinkorswim. I am just diving right in to this side of YouTube. I can consume information like crazy it’s just a matter of understanding. This is a really good honest video even if I don’t fully understand. Thanks Guys!

[focusandprosper]

I Scalp using Bollinger (set @ 26) and MacD. Quite effective. . Great content ‼️

[sistematico]

Thanks SMB! a video on the different ways to scale-in or built a position would be greatly appreciated it. thank you!

[JayeHK]

I like the opening dip on a strong stock. Not a plunge or panic, but a brief counter-trend dip that doesn't go below a horizontal trading range established in the latter part of pre-market. These are often good for at least one decent morning spike up. Good as a 2nd day play (as shown here in ROKU) or after an overnight spike up.

[mattbella]

SMBU is the best there is! So thankful I found these guys! I scalped $MU on a triangle breakout play, and a dip & rip scalp play this week

[prolaxbro]

I am really loving this guy. His balloon analogy was very good for a noob like me to understand.

[oneswtlx]

when he adds another lot at 218.60s (BABA @ 29:00) and it instantly pulls back into the low 40s but he leaves it on due to lack of volume. That's great stuff right there. This series is save to my watch later and #$tudy this series. Thanks again to all at @SMB Capital for sharing

[livelovesail]

Yes i scalp stocks and indexes for a living. Best time to do this hands down is first 90 minutes of market open and the last hour of trading. Great video. I usually do more momo trend scalping with high volatility. Goal is 2/1 risk to reward. This strategy absolutely requires very quick entry and exit capabilities, along with quick thinking math skills. You must also know timing and excellent tape reading skillsets. My average time in a trade is less than 1 minute, unless the momentum keeps running due to an event.