Scalping was Hard Until I Found these 5 PRO TIPS | Scalp Trading Strategy
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- Опубліковано 30 вер 2024
- In this video I debunk a few myths and share 5 tips from verified Pro scalpers to potentially help you improve your P&L with lower timeframe trades.
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Interview with Verified 8-figure trader Lance Breitstein
• Lance Breitstein: Veri...
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▼ ▽ TIMESTAMPS
0:11 - Pros Dispelling Myths
1:07 - Swing Trading or Scalping?
3:04 - From Verified Multi-Millionaire Scalpers
4:48 - 5 Reasons Why Scalpers Fail
5:16 - Identifying The Big Movers
7:30 - No Playbook
8:37 - Trading Against Algos
9:38 - Lack of Multiple Time Frames
11:19 - Personality and Fast Thinking Skills
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I've been trading Bitcoin on my own for the past six months, but I've been encountering losses. Can anyone offer advice on how to become profitable?
Investing without a solid understanding of the market is ill-advised. I suggest seeking advice from Expert Rosie for guidance.
Rosie's strategy is notably the most effective among experts, with many of the others proving unreliable.
This is the second time Rosie Harley has traded on my behalf, and I have to say, her expertise has made an extraordinary impact on my life.
Sounds familiar, i have heard her name on several occasions.. and both her success stories in the wall street journal!!
So you guys know expert Rosie. I always attend her seminar every year in New York, indeed Rosie Harley has unlimited knowledge about bitcoin trading.
A swing trader is just a scalper that held 🎯
bernd was saying its less work to swing trade
@@SacredCASHcow same analysis 🤷🏿♂️ it's all in the mindset
@@shbmsrto Probably not as much psychological burn out. and that's a serious metric for traders.
That’s a fact after the first hour the market has too many pivot points to take swing traders seriously in a bull market
@@SacredCASHcow bro, price is fractal (nested). It's the same analysis just on a higher timeframe.
Tried so hard being a swing-trader in my early stages of trading, even though it was against my personality actually, failed and failed again, than thought to myself, you know what F it, im gonna use what I know on the lower time-frames and become a scalper...
Ever since then I got funded with a few accounts already, made it to payouts b2b, life changed.
All I wanna say with this is guys, if you are naturally more a scalper - scalp.
If you are naturally more like a swing trader - swing trade.
If you dont know yet if you are more like a swing trader or a scalper, time to get back to the charts and try it out, fail, win, fail some more - but most importantly: Learn and Adapt.
Same exact story for me On my way to get funded next month mostly green days past month tried swinging for 3 years never really worked for me
Really appreciate it your advice is an eye opener👍👍
@@emilskukojs3783 Lets go Dude! Thats what we like to hear man
@@aboodomar5003 Glad I Could help, hang in there you can do it :)
This dude said it all ❤ You're absolutely right bro, one must listen to his core and use it, not trying to go against it 😊
My personality does not allow swing trading. Too much thinking, emotions and FOMO going on. I've made a boat load of money scalping, with edge and size due to repeatable setups.
I definitely relate to your comment.
Just trade without a TP (use alerts) and take partials
what TF do u use..?
Hey there, can you assist on scalping please?
@@itzs0ulbrahs 15m. Entries on the 1 or 5m depending on your level of emotions and discipline
Price is fractal. They're trading the same thing on different timeframes.
100%
So accurate 🎉🎉🎉
Exactly
Exactly. You could compare a nicely trending M1 to a trending M30 chart and most of the times nobody can tell the difference.
He took so long I gave up watching the video
Thank you 💥💥scalpers for life 💪🏽
Small time frames simply have more edge because of two simple facts:
1. The longer the time, more things are prone to change.
2. Market inefficiency is going to be absorbed as the time pasts, because that's what traders do lol
But more edge doesn't mean it is easier, and if you have 'some' edge, you can definetely make money.
What fits your personality and what is easier for you is important.
But regardless what style to choose, the way how the prop firm pros think is a must to learn.
Excellent. Very well stated.
you dont know sht about trading
I mark my monthly weekly and 4 H time frame support and resistance but I take my entries on 5min like scalpers . So are you saying it’s not that important to mark higher time frame levels ?
@@sam56094 go for h4 h1 and m30 m15 and m5
I'll take scalping all day. I like to sleep peacefully 😂
No nightmares where all your open trades suddenly move against you and hit their stop-loss . . . and you wake up very agitated !
I experienced that once.
I am a scalper, my opnion about Scalping vs Swing trading is, i make more money from scalping than i make from swing trading.
Which strategy do you use
Probably gambling strategy @@momssecreterecipies9336
Al Brook's bar by bar price action.
Oh I too learnt some concepts from him but it was boring to be honest. Thank you for your attention 🙏🏻
@@xhkmt2314where i can learn this? Can u tell 😅
We scalpers fly !!!
💯
Y'all are comparing apples to bananas. It doesn't matter whether you scalp, swing, or day trade. Number one: the only thing that matters is your analysis and strategy. The execution of your strategy is then determined by the market. But after all, in simple terms, you need to be right. Even a scalper wants to go with the flow instead of scalping counter movements. Because that's just stupid. High risk against the money flow will make you lose everything in the long term. Determining the right direction comes from knowing and understanding the market. And this is what matters. And so on, and so on. No time to explain it all. But $200 traders discussing with each other which "style of execution is better" is just a joke. Long story short: Scalping vs Swing? GET A JOB!
I can't understand why UA-camrs when they make a good video they just spoil it with annoying music
Stop adding this disturbing stupid music
I'll keep this in mind. Thanks for the feedback.
I scalp bitcoin, and its absolutely magnificient!! hahaha.
I keep up with SMB as well. My scalping game has really improved!! Keep putting out these posts Abdullah, you are doing a FANTASTIC JOB my friend!!!🔥🔥🔥🔥🔥
FF to 5:50 for the juice. Catalyst and momentum wit a direction. You on it. ty 4 vid man.
BUT... when catalyst comes then they screw u with slippage and tp sl not working.... on cfds--- doeas this happen on other platforms too?
Which one do you trade with?
finally, facts on scalping
💯
The info is on point
my trading buddies have made money in all time frames. stocks, buy and hold. $5million. retired. options. selling put credit spreads. $1.3 million. me. scalping. it is ez and simple. it is like stealing money, but legally. scalping is just a video game scored with real money. ez to teach. ez t learn. have good weekend abdullah.
Yep
What do you do now?
How do you learn?
Facts
Appreciate the detailed breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
Everything you said was exactly right. 💯
The only caveat I'll add is you can scalp with algos if you track statistics on one ticker and the ranges they are trading in.
Scalpers are better, no need to rely on any news. Just so you know the algo is not your enemy, it's your best friend when scalping. You just don't know how to use it.
Big facts
What algo?
Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
I'm more of a scalper and trade options. I mostly trade Spy and Tesla right at market open. It is almost guaranteed there will be a big move in one direction! So 50% of knowing when the move will happen is done. But, the other 50% is knowing what direction it will go! That's what I'm having trouble with, getting faked out and picking the wrong direction. Do you have any advice or suggestions so I can finally get this right?
Finally you upload a quality video for scalping.
You are showing 5 star swing setups for the best scalp trades. But why in the world would you scalp 5 star swing setups that took day/weeks to build. Some of the best moves take weeks or even months in a good market. And you want to scalp it for a homerun 4-5 r trade. Most scalpers don’t look at those setups because they only take small pieces of momentum.
Nvidia is a ridiculous example. How can you benefit from that ? It's up in a big way but only in a matter of a couple of seconds... can't do that, unless you're in before the news and then it's a 50/50 on the direction. Rubbish advice mate.
Bro I literally watched this video 30 minutes before today’s FOMC & made 1.3k on gold.
It hit me when you said if an asset trades like a shit coin it’s just algo doing business but needs catalyst to make the push. Did exactly that. BAM!
Keep it up bro love the content
Thank you 🙏🏼 pushing people away from it…literally the only way I have found consistency
Just bringing both perspectives to the table.
I never set my mind on how long I must hold a trade. If the structure is there to scalp, I'll scalp, if opportunity is highly probable to hold for days, I'll hold. Don't limit yourself.
Pls Sir, I am a new forex trader i am interested in scalping, please can you tell me the best time frame to use to scalp if it is lower or higher time frame and also state the exact number and also what is the best currency Pair or indices to use for scalping...this is my major challenge now thanks
Which pairs are good to Scalp.
In my opinion, currencies are hard to scalp. If you aren’t scalping individual stocks, the next best option are indices and gold in my opinion.
is it really necessary have all those jump shots, and zoom-in,zoom-outs so much?
Yes, it holds attention
Abdullah, what's a good source of real time news on NVIDIA?
Depends on what you want. Benzinga. If you are looking for earnings reports, earningswhispers.com, vital knowledge is also good.
Hey Abdullah we're looking for people to comment on our newly listed stocks. Will you be open to this kind of collabs?
I'm scalping oil and the reward is really good but it can also turn against you quick. Any inputs around scalping oil?
Brother, love your video. You've got a new subscriber. Can't wait to see more.
Your video editing is as choppy as the charts. I'm watching at 2x speed and I'm about to have a seizure.
If you don’t believe small time frame has edge look at gold today. The 12 o’clock candle offered absurd risk to reward that resulted in a drop of nearly 4% today. An easy way to have spotted it was the divergence with dollar at the time
I find that with gold, if I can find a fair value gap, on the 1 minute chart, I can scalp the hell out of it for big profits. Made 15k in minutes, on Friday, just with fvgs and break of structure on the 1 minute.
@@mikefloris779That’s awesome! If it’s a bullish fvg, do you short, anticipating the market will fill in the gap?
having permanent VRVP on the right side of your chart, volume levels/support and resistance is an edge, historical volume... and that market makers place above or below this otherwise they could not fill their orders, liq grabs..
💯
POV: Dentists and Cardiologists arguing on who is more rich. Come on!
You are really amazing man! I can feel the goodness coming out of your presence on the screen. I can see you really want to help people and its amazing!
You are making a big shift in the industry by keeping it honest and by helping so many of us.
Alhamdulillah you will maintain your success and continue to help us all.
When back-testing and forward testing, my approach gives me documented edge, based on those testing approaches. When I move to the Demo to practice more, I encounter SLIPPAGE. Making my entry different from the one I was Backtesting+forward testing. How did you deal with this challenge?
I do it this way. Write trading plan, backtest strategy, journal trades. Than go demo and every day trading your setups and journaling and improving. For me this was the only way to go better.
The music in the background is too loud and distracting
Glad people hate scalping, more money for me.
This was probably the most insightful video I've ever watched from ANY you tuber about trading... CUDOS
I love scalping however, when market is against me, i switch to swing trading perhaps it will reverse to my prediction
😂
Briliant Video as always, many thanks @Abdullah, looking forward to the weekend Scalping seminar and have invited some friends aswell
How about scalping the swing
Best of both worlds
lol .. Bro .. you showed my favorite SMB video ever .. I have played that same clip over a million times. There is another world that exists in Trading learning how to scalp. I hit a 1:18 risk to reward max so far before I enter using a 1 second chart as I trade the 5 and 1 minute timeframes.
A much different world for sure.
Brother you dropped this video right when I needed it.. sign from god appreciate it..
You're welcome. Glad it came at the right time.
It's very good to know that the best traders are scalpers. I have seen the potential in this for a long time, achieving RR 10-50 many times, but unfortunately I still have a problem defining this strategy. I hope that the day will come when I will understand what I am doing wrong.
great points bro. deff took notes. been tryna create a scalping strategy for "easy money trades"
Profitability starts and ends with what works for you as a person. I’m a dad, full timer, all that, and scalping liberates me from having to sacrifice key parts of my life.
Beautiful statement
Hi Mr Rasheed love your video so much and thanks for your effort! I am a golfer and i totally agreed with you trading and golfing mentality!! You have no idea how similar with these two area! Im sure my golf experience do some help in trade 🙏🏻
Thanks for stopping by and commenting I really appreciate the confirmation. I suck at golfing hahahahaha I’ll need some lessons from you if you are any good
@@abdullahrasheedMr Rasheed golfing is a process to understand and knowing yourself is that sound familiar to you?😊 play in the driving range just like simulation trade no matter how good you are in the driving range ,there are totally not the case in the real course, you also need a game plan to play steady however most people practice the driver to get a few more yards intead to finish safe and consistent sounds familiar to you? Thats why people call golf is a frustration game hard to manage and had the joy😂😂😂
Passed the5ers prop challenge with ICT's concepts.
Congrats. Wish you the best and consistent payoutsb
AR you are my main guy in this game
💪🏾💯
I thoroughly enjoyed your video. It was very helpful and I’m looking forward to following and learning from you!
As always, you come bearing gifts and guidance. Gratitude!
Looking forward to the webinar thanks
💪🏾💪🏾💪🏾
Video starts at 5:15
Sometimes end up longer in trade than planned:(
Great video. I've been developing a scalping strategy for ther lower timeframe.
Looking forward to the seminar.
Cheers👍
Where can I please find or buy a scalping strategy with Edge?
Thank you
there are many free strategies even on UA-cam. you really do have to put some effort in to find what will work for you. forward test with demo, then forward test with real money on a tiny scale and build size over time. don't expect to be spoon-fed.
@Peter_Potato Thank you, are you making money trading?
purpose of life is to avoid all risks for scalpers
Hey man the alpha is good and all but u dont need that many bells and whistles in the vid itself it feels a lil bit overcooked.
Thank you for the feedback
I passed the The5ers 1 phase challenge with ICT concepts
Congrats! Hope the best to you on phase 2
I wish I had this video before I lost my 6 figure admission ticket.😉🍷
The reason most traders can't scalp is not because it's impossible, but their head is in the wrong place and they're not mature enough to handle it psychologically.
Thanks for sharing
Thanks a lot man. This is a great video on breaking down. Those two differences in scalping and swing trading. This was really helpful. 💯
dude has a fivehead but video was super educational
Man you trolling 😂😂😂
When I have the right setup, I can make a lot scalping. But I always think: Why can people like us make money this way? What if everybody did the same? Do we bring value to the world or not?
That's why my goal is to use the money I make from trading and create a business, where I do create jobs and value.
I am an aspiring scalper
Yeah a playbook rules, especially if build on data and large numbers of back tests and forward test like +100...
I just moved to scalping last week after 3.5 years trading and I've been profitable 3 days in a row. I wasn't comfortable with the 1 min chart but now am and catching 1:2 min. You don't see your setup, don't trade that day.
Abdullah, you are quickly becoming a GOAT in this area. Bringing the high level techniques and thinking of the professional trader to the hungry and aspiring independent traders is the content I have been searching for as I have long as I have been on this journey. For making this all make sense for the masses, I thank you. 💯
Ive been making money scalping options and profits just keep adding up. Id rather take sure profits.
There are ZILLIONS ways to trade profitably! There is no right or wrong in trading.. there is winning and losing and each one of us must find his own way..
You’re pouring so much water! Is this to sell courses?
May I ask, what do you mean by pouring so much water?
I just don't care about which pays more. If I earn more money than I would without trading, I am satisfied. Some people are scalpers and can't trade intraday or swing, so scalping is right for them and the other way, too. So don't take what earns the most money. Try to see who you are instead. Some people can't have money on the market for more than 30 minutes, and others can have it for a few days. With that said, I hope all find their way.
Thnk you for this video. This just validates my thesis about my scalping strategy
Swing, day trader and scalping are different. Depending on ones risk and psychology. I wouldn't love staying glued on the screen that why i day trade and scalp.
bernd skorupinski swears by swing trading and is against scaliping. I watched both interview by him and Lance. Who is the better?
I am an aspirant. I am practicing it and with my effort and God's help I will achieve it. Thanks for the video.
This may not be connected to the video but does trading with large margin can fill the order quickly??
We just have ride the wave WITH the BIG BOYS (Higher TImeframes).
Are there any futures prop firms where trader can carry open positions from one day to next for swing tradng? Day tradng success rate is much lower.Day tradng is much harder.Thank you.
I don't see the link to sign up for the webinars. Are you still doing that? Thanks
I don't like swing trading because I'm too emotional 😞 i can just decided to add position or do something not part of my book
FUNDAMENTALS
What leverege do you usw for swing and scalp?
no need to compare, both are profitable it just depends on what suits your personality.. if your a beginer trader, try every style then later on settle on whats suits you..
Scalpers are the best traders trust me , you just have to not be greedy , they are against scalpers cuz they make the most money n pass challenges easy
The methods are almost the same, but not the psychology and risk.
if any one say you that you cant make money in scalping then remember them about navinder saro
it's true, if you are consistent, you can make whatever amt of money. the end.
I really want to learn scalping chart... Do you have any pdf or video that can explain everything with chart
There is a way faster learning curve when you trade the second and minute charts