Scalping Trading Strategy - Secrets to Increase Daily Profits
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- Опубліковано 21 вер 2024
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Today, I'm going to guide you through a scalping strategy I've personally tailored for these tricky bear markets. Despite the constant rollercoaster of market news and sudden inflation hikes, there's always an opportunity for profit.
Despite what you think, scalping isn't all about making flashy Lamborghini money - it requires a deep understanding of the markets and calculated strategic decisions. And if it's not done right, it can be quite risky.
In this video, I'll be walking you through two reliable ways to scalp and secure fast profits, all while safeguarding your account capital.
This scalping strategy has proven effective no matter which direction the market moves. In this video, you’re going to learn:
- My 3 key criteria for scalping
- The best indicators and chart setups
- How to find the right stocks to scalp
- My go-to scalping strategy, which includes:
- Price action leading into the setup
- Executing the strategy
- Risk Management
No overcomplications or fluff, just my personal, tried-and-tested trading strategies to help you navigate any market scenario.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
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I hope you guys enjoyed this week’s video! What are some questions you have about scalping? Happy to answer them 👇🏼
Thanks for all these great videos. Can you talk about the best platform for Canadian beginners?
I’m in the US too, so how do you avoid PDT rules?
Love your videos but you got to stop with the ex-husband jokes in almost every video. It's not funny anymore just a bit weird.
You're weird lol Mike Bagholder was a loser 🤣
I like your bad jokes lol
My three favorite channels: Humbled Trader, Stock Brotha, & Zip Trader. Make my week complete!
I appreciate that!
I scalp, and depending on the volume determines my time frame. Once I use the daily, 1 hour and 15 minute charts looking for S/R, to write down my thesis, then I typically use a 1 and 5 minute chart pre-market, but also use a 233 tick looking for the pull backs. Once market opens, I change my 5 minute to a 3 minute because the volume is typically higher and I need to see a shorter time frame.
I think you left out the actual most important criteria for scalping a stock: a tight spread. Usually a stock that has high volume, like you recommend, will also have a tight spread, but this is not necessarily the case. The cost of getting into and out of the trade is so critical when taking small profits and losses that a wide spread immediately disqualifies scalping.
By spreading do you mean proce fluctuations?
@@caughtinthevoidfloyd5821 No, I'm referring to the lowest ask (offer) minus the highest bid. This is called the spread. It's the amount you would lose if you bought at the lowest offer and then immediately sold to close at the highest bid. Think of it as the cost of taking the trade. So, you want this to be small so that it will not outweigh your small profits. Said another way, you have to make at least the spread to break even. It's why a tight spread on a stock like AAPL is ideal.
@@caughtinthevoidfloyd5821 L2 Data
Wrong! Trading options! You have to have a bigger risk level! It’s not like trading commons! Difference in trading!
So funny..I watched this on thur 06-08-23. I then watched CVNA on fri 06-09-23. THE EXACT downtrend under VWAP repeated itself as in the video. Because I watched this video I was able to enter correctly and short it. It literally downtrended all day and I was able to buy to cover right after close when it dropped again in after hours. I made a handsome profit. THANKS SHAY!!!!
I love this channel. Shay is probably my favorite trader. I’m committed to making the plunge into day trading but I’m hesitant because of the 2-3 year learning curve that all the successful traders are saying is unavoidable. Are they saying this to impress upon folks that trading is tough? Or is it absolutely true? Have any of you reading this become profitable in quicker time frame?
I think scalping is a game, but I love your videos
Trading is a game
Trading is a business.
“The business of life is […]”
“In the game of life […]”
Trading is life
It's a pretty good game
Trading is ALL A GAME! You just have to learn how to play the game! 👍
I would like a video about when to get out of trades. Especially when in profit. I feel like videos like that are missing on UA-cam. Most videos are about risk management (so stop loss) and how to get into trades.
Finally starting to understand the meaning of what your saying. Recently I've started a new strategy and have become much more profitable.
Timely video. Guess you were waiting for today's 40% pop to release it haha. Everyone get ready to practice your short scalping! Except there's no shares to borrow for those of us with more standard brokerages.
⬆️Get in touch with me directly.!!❤
Hello, I'm Ademar, I live in Brazil and I watched your video.
I liked your strategy that you use in operations.
Congratulations note 10.
Thank you! Watching your videos really helped me through 2023.
Thanks,Baby, I am gonna start scalping tomorrow,
Its a shame half these comments are asking for hand outs, plans, trade ideas. The information is out there, Shay has a course. If you want this to be your career you put in the hours and years, stop asking for alerts.
Scalping is deffo good strategy. I have a good question, loads of people did shill Foxify as a competitor of GMX, what do you think of them?
Thank you for the video. Awesome job! Can you please emphasis more on how you select resistance prices on the daily chart? You seem to rely on those prices as target buys or sells.
Great video! What's the name of this trading platform? Lightspeed?
You're an Earth Angel 🙏.
⬆️Get in touch with me directly.!!❤
Thanks. Excellent presentation.... filled with pertinent info. Great stuff!
⬆️Get in touch with me directly.!!❤
Scalping works well with 300% leveraged ETFs like UPRO and SPXU which follow the S&P500.
Then you don't need to jump around to different stocks. If you think the momentum is bullish, you scalp trade on UPRO.
If you think the momentum is bearish, you scalp trade on SPXU, which is the 300% short ETF.
However, Canadians will need to convert to USD, as there is no Canadian ETF equivalent.
⬆️Get in touch with me directly.!!❤
Love your videos. Your suggestions for trading are mainly for Canadian traders. Those of us in the US can use the platforms etc you refer to, however, they are tailored more for Canada.
I wish that I could smash the Like button more than once. I watch your videos over and over and each time I am a little more experienced at trading. I always take away something new and special with each viewing. Recently I went back to using the Sim, because losing real money was not helping more than paper money. Keep up the good work and the bad jokes!
❤
I love your videos. Very informative. I'm just trying to soak everything in right now. I am still working a full time job so I'm looking to start trading mid day throughout the week and morning/mid day on Fridays when I'm off. I would fall under the PDT rule though so I can only take a few trades a week. Need to setup a platform and broker still but I/m getting close.🏎
By far the best strategy I’ve tried. This one is killing it for me
💪
Actually, "the tape" canonically refers to time and sales. Not DOM/ladder/level 2. It is a "ticker tape," that is, executed transactions.
A volume moving average is silly, due to the predictable volume "smile" everyday. What you should use instead is an average of volume for that bar at that time of day over the last X number of days.
Enjoyed everything, personality helps.
Question is, who sells that muti-monitor display system?
My Laptop does not seem to cut it anymore.
Hi Shay, thank you for videos. I have been watching a lot of them over and over again. I am new to this and I hope I can do it part time. Can you please help me with a question? When you say you are waiting to sell at $11 to get $1.8 of profit from next day. Do you mean your short expiration date is next day as well? I am currently using Webull, and it has same day short or days after. Do you buy your short expiration date few days later than your actual buy date?
"don't short into weakness" .. actually, if you had waited for the heavy volume on the actual breakdown and shorted it into that, you would never have been in the red and you would have been going with the flow. I've seen many professionals who do exactly that. They short into weakness and buy into strength.
Love this kind of education! :) Thank you!
Thank you, cảm ơn, I presume you are not Vietnamese, but still... There is a lot of information. I could listen to you for hours, well, I wish. It's a work in progress.
Good Video Shay! "Trading is the hardest way to make easy money!"
Nice short trades Shay!! 👌
Hiiii , Greetings from Argentina ! i´m a scalper and i´d love if you make more videos like this ! it´ll help me a lot with my trades ! Loveeeeeeeeeeeeeeeeee u ! :)
⬆️Get in touch with me directly.!!❤
All that Humble talent...and a spokesperson as well.😉Nice!
I started trading about a year or two ago and I put in about 30k now I’m been holding steady at 9k I pretty proud I haven’t lost that too lol anyways great video I love watching
Damn
@- Beach key phrases being “if you” and “wins more”
Your perfect on all the others focus on the 2nd bar or wait
You have perfect skin❤
love all of your videos you are quite the comedian love your humor keep up the great work
Talk is easy. Put through a live trade here real time and see if you are really profitable.
Thank you so much, I’m new to charting and your videos are tremendously appreciated 😃
thnx
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
🤣🤣🤣🤣🤣 I love when you talked about your bag holder.
I earned a lot of money with this method. Love to see that you using it too)🚮
These are great ideas. Do you have ideas about why the strategy works? Ideas about what other traders are doing to make the scalping work?
wheere ddo you buy the 2 lighht at the corneer table look greeat for winter , Keep up good trradinng & good luck
Three or 4 would be more, but yes, I get it, and yes a long back flow tunnel to catch gravity , like a zig zag, and the water would be compartmentalized.
Yes, a stage locks to the side would be funny and would also put the stuff back in the river down stream.. brilliant.
It is always interesting and a pleasure to see your videos dear Shay
awesome video. smashing that like button. feel like Lamborghini money.
Never been trading maybe I learning something you give me confidence 😂
I've been following you for a while. I'm from Serbia. Would you be kind enough to make a video for us beginners? To know when which indicator and oscillator we can apply? You are so great at your job.Please make a video for us beginners.I love you.
Getting close I am watching all the videos and smiling. No emoji.
Excellent video. Thanks for all the effort to put it together!
How to you manage keeping a certain amount in your account because that is basing the amount of margin you have vs how risky you should be while scalping
Quick real question...i love listening to you and following your ideas! I just started option trading but a BEAST AT READING CANDLESTICK CHARTS, ive Eduecated my self on finance but need more money to start college. you a cool person from what i see! On that not, am asking, can i WORK FOR YOU. Am a respectable guy and very motivated worker due to the fact i love learning then masturing what ive learned by implementing the street smarts ive received as growing up in different Hoods. ( Some bad some good)
Thnks for reading this.
⬆️Get in touch with me directly.!!❤
Totally enjoyed the video. Great job. Thank you
I like your voice very clear
Have a question about CVNA. The stock broke down a lot yesterday. I was stuck in long position. Tried to exit but wasn't successful as the price dropped so quickly. Any suggestion what to do?
⬆️Get in touch with me directly.!!❤
In this bullish market, short scalping has been complicated. Especially when I could have bought SPXL AT $70 and just held it like I did in 2021. Of course, in 2022 I lost big holding for a long time. I only trade 3X ETFs, bull and bear. I think you mentioned that this works when the market is choppy. So, my question is: Is scalping needed in a bullish market?
Great video, thanks for taking out the time for making all your videos. I’m learning a lot for the Humble Trader. Thanks
My pleasure!
what kind of watch do you have on your hands ?
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
Thank you for sharing!
Great video 🎉❤
Thanks for watching
#1 I’m still watching. You’re going to blow up share the wealth. Global exchange your the female cfo
HI HumbledTrader , ... do you ever trade canadian stocks ?
Hello shay, thanks for your amazing input for stock trading. I'm from Germany and there are not so good videos on this topic here. You do an excellent job. I'll try to learn for my own and want to know if your entry for GT was only based on price action or was there a trigger on level 2 additionally. keep it up and thank you very much :)
Thanks for your video. Could please let me know which trading platform you are using? Thanks a lot.
I love your jokes and strategies.
Great video Shay, thanks.
Thank you for sharing this video. It was informative.
Why do you plot your levels thru the bodies of the daily candles? Shouldn't it be at the highs or lows?
Two ways.. perfect.
When entering a position, should I wait for the candle to close at the breakout point?
I SMASHED... the like button.
how much money do you spend before the big profit came?
I like your content, please should be consistent to give us more scalping strategies
⬆️Get in touch with me directly.!!❤
The monthly on the Microsoft platform you the day is red
Thanks for the Info!
-253 on second index 5day nx50 came out. It split your crushing it on the modem I am only talking to you.
Great Job, I'm thinking about getting back into trading again.
did you take a much needed break>?
I lerning alot thank 😅 you!!!!
l do my best to understand, It’s not easy 😊 sometimes it’s emotional 😭
Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?
I really appreciate the insightful and informative content you provide on Humbled Trader. Your expertise and teaching style are truly impressive and have helped me gain a better understanding of the financial markets. Thank you for sharing your valuable insights with us. Also, forgive my sidebar but you were very cute when you started now you are more beautiful every time I see your content...your personality and humor are fantastic too and then there is your X (joke right?) He would be the lucky one ...I mean to have been your x not that he is your x...I am confusing myself so bye for now and I thank you very much... the universe thanks you too.,,,please tell your parents that they did a really good job...other people are appreciating /benefiting their fine work.
I do love your bad jokes haha😅
I will let you know when 2nd is green.
After this primer, your next stop should be the comprehensive Udemy course. "Trading Stocks Mastery Course" by Stuart Mills
SMASHED LIKE TWICE!
Congratulations beautiful I'm your fan here in Brazil.
Solid breakdown
God bless you
I love your videos. You loook so good. I will let you know on the red it’s second index
I enjoy watching your videos. I learn alot. I wish I had enough my to get trained by your company " Humbled Trader".
Best wishes
Hello Humble Trader! As always is a pleasure to watch your videos and learn from you! The way you teach and clarify my doubts has been perfect for how I trade and how I would like to trade. Please Could you clarify if the trading platform is Das Trader Pro or Center Point? I am starting as a side job early morning. Has been hard the learning curve for me but I won't give up. The stock market has a huge potential for who is committed and eager to learn. I have doing this for 3 years and is time to improve and scale up.
Thank you.
Thank you so much.
Hey Nicolas thanks for watching! Centerpoint is my broker yes, and Das trader pro is a platform. It’s not a broker. Platform connects with centerpoint to execute your trades.
@@HumbledTraderOfficial What is the commission that you pay to your broker? I suppose you trade a lot and you commission is very low... Thanks! P.S. You are nice...
33.7 is the magic number
20 is the top. When. It hits the 20 start trading. And buy another time.
Thanks Ma'am
⬆️Get in touch with me directly.!!❤
I have my headsets. I’m locked in with just you.
lets get it
⬆️Get in touch with me directly.!!❤