The Truth About Scalping That Nobody Tells You
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- Опубликовано: 7 июн 2024
- In this episode, you’ll discover the truth about scalping that no one tells you (and it’s not what you think).
So go watch it now...
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Summary - Take home points:
1/5) Don´t rely on one single strategy
2) Choose few markets/papers/index do trade. (´cause all have different behaviors)
3) News release (avoid trading during de major ones)
4) Transaction costs (must be take in account)
5) Stress (must be taken in account)
Rayner you´re awesome. Thanks for your content, man!
Thanks for saving my time
Area of value, risk management,candle stick and patience all mastered all thanks 2 Rayner
Brother hope u r making good profits
Regardless of the ability of some people to scalp successfully, the majority of new or intermediate traders want to scalp because of lack of patience, trading of 4h or daily can be very boring but also very rewarding, also it takes the emotions out of the game.
that's why many newbies try to scalp - the need for immediate gratification, the gambler's need for "action", the adrenaline "high"
@@howardhill3395 scalping is best way to earn lots of money. If you have the skills. And that is what I plan to do. I won't above 30 mins. Mostly 5 and 15 , my skills well only grow.
@@changchadchanamdong2668 I agree bro. In and out quick. Nothing to do with gambling. We still plan trades. And the stop losses don't be that dang on small. Like come one man. The spread and commission isn't bad at all. Looking for one or two trades. Sometimes you'll just take one great trade and be straight. Like 10-30 pips from a big lot be banking! And it compounds much faster. Totally agree.
Fax bro
''And I will talk to you soon''............love the positive ending always
I found scalping very difficult & stressful. The shorter the timeframe, the lower the profit potential, and the more impact the spread has. Also you are right in the middle of the fight between buyers and sellers, and the dominant force shifts quickly. Thank you Rayner for telling the truth about scalping. In a strongly trending market, scalping is easier, but then it's preferable to hold the position longer and incur less spread.
I was scalping for a while and the losses were piling up, along with the stress. I've gone back to swing trading and concentrate more on the daily charts. Had more success!
you all prolly dont care at all but does anyone know a method to log back into an instagram account..?
I somehow forgot my password. I would appreciate any assistance you can give me!
@JustAGuy InBensalem There is lots of content on YT about swing trading, but basically it's a trading style over a longer time period, with wider stops and targets. The upside is it feels less pressured, but the downside is holding an overnight position if the market gaps against you the following day. Just need to figure out what trading technique suits your lifesyle really!
@@philipjeremias451 I know bro
I started with swing trading but ended up profitable with scalping.
@@jaysharma9664 how
when the pound breaks the previous day high it trends in that direction NICE!
your awesome, thank you for your time and help
Rayner, we like that ... you‘re *so free and honest* with us! And
_Hey hey, keep it up, my friend!_
We all love that 😂
Pretty sure he says "whats up my friends"*
Hey hey whats up ma friends
Kiki is dead
Excellent advise.. Thank you.
Rayner, love your videos! Thank you so much!!!
Thanks for these videos they are such a great help.
despite your teaching, that is very helpful, your honesty is something else. god bless you
Very useful recommendations, tks!
Thanks for the indispensible information
Long into it. Thanks for the advice
you are absolutely right my fren!
Thank you for sharing. You are good guy🍀✌🏾
raynar great video thank you
appreciate if you would make a video on how to identify a signal for entering
wow i just started to knowing about trading as a (scalper) since jan 15th now its feb 24th. and im 19 now knowing the meaning of being a scalper. ty rayner teo for giving me a good heads up towards to the future tht im willing to success as a Trade Scalper🔥🔥
I watched many many vids on yt.There are some good ones tho .But you sir are fkn the best.I wish you would have some course or something.Thank you buddy.
love your master degree
“right” but RESPECT!! ✊🏼
I scalp live almost everyday on my channel.
Scalping is stressful, scalping is difficult, here are my tips for it
Don't scale in, you see a signal get in with your full position size. You want to be full position if your are right and when you are not you want to lose the money quickly so you can move on. You're not thinking about holding your full position for 10 points to add on higher, but if you were holding half of 1/4 it your position. You may hold on to add on higher it buy lower, when you do this your are ignoring what the market is trying to tell you. Scalps will usually go your way right away you shouldn't be thinking to hold and scale in. All or nothing.. What this also forces you to do is trade your a+ set ups because it's very painful to be wrong, you will do what you can do avoid the trade and you will learn faster when scalping because you can get so many looks at the market. Making fast decisions will help you look at charts and instantly know what to do.
My last tip
Take breaks, when you take a piece out of the market, take a break, walk away for 10-20 minutes, go for a walk play video games, get into a different mindset, this will allow you to think about why the scalp worked and it will lower stress. When/if you decide to sit back down, just go for that next scalp, repeat.
Scalping is like any other skill, it can be learned and it can be improved.
Every trader should know how to scalp, you can look at a chart and most days find plenty of scalp trades your baby fund swings or even medium trends every day, you have to be able to trade short moves and when you get good at it, occasionally you'll see a set up so good, you can get 4-5 bars it if, but in the beginnings focus on taking one bar to 2 bars in logical high probability locations.
Don't go crazy, go to the micro emini with just 10% of your account and practice scalping, you will thank you me later.
Rayner, you are simply excellent. Carry on friend.
This is really a very good video. I am trying to learn how to scalp the markets. Thank you so much friend for sharing this with us.
Excellent analysis
Giving you a Tums up as you requested. Great content as always.
Power explanation bro🤘
Thank you so much
Way to inform.
This would be an excellent case for automating your trading. I find it mind numbing to stare at charts for any length of time.
doesnt take much. check your daily and weekly indexes, definite trend / sellers-buyers control, chart out your pre-market high and low, follow your morning scalping strategies if there is volume.. 6am - 9am ish and done. 3 hours max ... walk away mid day.. maybe trade power hours
Trade the first hour
Gud information about scalping😄👏👍
Perfect Master!!!!
good advice
How much capital do you guys have in scalping? I mean per trade
what about day trading EQuity? scalping stocks?
Thank u bro I am escalper but my first work every morning is checking news and then making my analysis and then take 3 trades every day it is really profitable but some times risk
I love scalping, and you have to love it
Love it man. Always wise words. Thank you Rayner
hey rayner i am curios about scalping right now after this video maybe i will stick to trading....thanks
Do you have the related document for scalping of treading
Thanks Teo
Hi Rayner. Thank you for your insight into scalping. I will take it onboard.
Thank you so much for sharing your knowledge.
How to maintain R:R in scalping?
Yeah that's definitely true, you can never just know one pattern, or one strategy and follow it religiously, you need to have the skill to adapt to different market conditions.
That's called not using a consistent system. Then you don't know if it works or not, and what works and what doesn't. Advice of the best old traders with a lifetime of experience is more valuable than these basics. What's your hit rate and R/R? Profits should be a direct function of that.
@@VeritasEtAequitas Can you explain what a hit rate and R/R is? Thanks
Thats not true.. believe me, 1 strategy is enough to scalp the market.
I used one strategy and grew my account from $20 to 300 in a month. It took time but as the money grows so do the lot sizes. Find one thing that works for you and stick to it. Of course on the side you will learn other stuff.
@@deadmanlyndon bro can you teach me
I didn't know them I'm a scalper. I'm making quick choices to buy and sell and so far It's working for me.
Do you use any specific strategy?
I do it for the rush, the thousands is a bonus
What's ur strategy
@@sameerrao2032 buy high sell low
@@crashcourse3155 ROFL
@@crashcourse3155 what's ur winrate
@@Schmutzelbaerchen if I'm reading these charts accurately (and I am) I would say there's a good chance it could go up...but in case it doesn't, then it will go down. I have a 100% Yeet ratio
Hi,Rayner thank you for sharing Ur strategies, plz tell me what indicators should I use to trade in option writing
He he what's up my friend :) You are really great
How can I create trading plane if I am scalper trader?
I died when you got to the last one. I couldn't imagine having all day to think about one trade. 6 seconds is how long I think about buy sell wait or hold. Any longer and it's too late 😂 scalper since day 1. I try any other chart but a one minute, my patience and my profits die relentlessly.
i love you master rener
Right raised to infinity. Right?
What strategies are best for a beginner with small account? 🙏🏼
I wouldn't recommend scalping as a beginner. BUT if you're dead set on trying out scalping, I'd recommend reading Bob Volman's "Forex Price Action Scalping" book and trying out some of the patterns in there on a demo account for a while (it's not an easy read, but it contains great info). Then once you're getting a positive expectancy after backtesting and forward-testing each setup on a demo account, move to a real account with tiny position sizes.
I think you misunderstand the concept. Scalping does not have to be a fast in and out trade. It is how you read the market and enter your positions with the intent of not accepting your position to go against too many ticks ... but see you can read the flow enter a position because you fell protected and if goes your way you can protect the position fast and let it run until you fell that the market is changing.. and depending on volatility and how much big traders want to protect their position and need to urgently enter the market.. you can ride positions for a long time. Scalping is way more than just in an out fast.
I can actually hear what the market is thinking sometimes, its weird.
@@believe3234I can smell it.
Good evening and great explanation; In my opinion, scalpin is not viable in forex or a lot of experience is needed due to its high volatility and high costs; For me it is viable in CFDs in Stocks, that if with a good broker for the transaction costs. Thank you
Scalping isn't viable also because it makes people *HATE YOU* and if they have a chance to hurt you they will absolutely jump on it.
Rayner, I'm scapping but the spreads are like 2.5-3 pips, and with a very small account this seems impossible.
Try SPY, TLT,QQQ, or futures /ES
So Im a scalper just by using a demo account 🤔 It seems to be working and I gain some profit. I think Im comfortable that way, especially Im also working 8hrs a day. It added a stress to me thinking i just left my money moving in the market while at work..I would rather focus on trading 1-2 hrs at least than added a stress thinking about it while at work. Im not an expert/professional yet so I think scalping is not so bad for beginners and people who just want little to average profits in a day.
Paper trading is daft easy to make money there’s no emotion attached trust me I’ve been there good luck anyway advice start very small real money and work up bin paper trading
right...
Only the best version of yourself can scalp successfully. Dont try it half Stepping. It is the most rewarding though and when you master it, you're like NEO in the Matrix
Hello if you are doing swing trade future or spot please I need some help
Wisdom
So, scalping refers to very short-term trades (based on 1-minute intervals)?
Scalping is any trade that is 10 mins or less to enter and exit
This is very good video boss. I like your strategy. I'm loosing money but after watching your video I believe I will get profit.
The easiest way to explain this to new/beginners scalpers:
Its quick money, either you lose a lot or win.
In other words, its a 50-50 chance you'll win or lose
(not the most effective way to make money)
I am a scalper really I 🖕up.. because it is very stressful..
But I enjoyed it because I like challenges..
Always blue t.sirt...
I have the same wallpaper LOL
I feel people are built for different styles of trading.. some traders will do better on higher timeframes trading a strategy that lets them slowly analyze the trade and then set the target and stop loss, however some will do better on lower timeframes scalping the market reacting on the fly to price fluctuations.
But I do agree.. it's definitely not easy to do and without proper respect for scalping, can be detrimental to a traders account.
bro if you don't know the strategies then everything seems harmful
Analysis- paralysis😂Love from India❣️❣️❣️❣️ thank u for making video on scalping.... Do an video about best market for scalping.... Keep ur gud work Rayner
Thank you for your valuable information ! Is there any books you recommend for me to improve on my forex strategy? I have been for trading for 4-6 months now but still find it difficult to profit. I've been jumping from price action to indicators and haven't found it haha
Stick to a strategy man. Jumping from strat to strat is holding you back.
Stick to price action without the indicators; train your eyes to see support and resistance and when the market is trending.
How is it going man?
Price action, volume, news is important. Ema and vwaps, go check it out. All the best
Hi, I'm looking for a good platform to get started with to use for scalping the markets, Ideally on the higher timeframes 15 seconds and also taking into account daily trade limits commission costs etc. Any advice would be really helpful.
I'm from the UK by the way.
You deserve to go to jail
Get *thinkorswim* by TD Ameritrade. Learn properly how to use especially the 'Active Trader" tab on the application. It's very optimized for scalping.
@@kittycatwithinternetaccess2356 lol
Can anyone tell me which broker has the lowest spreads for trading EURO/DOLLAR PLEASE.... Using IG index atm which varies between 0.6 and 1 tick which adds up very fast
That would be /6E (Eur/Usd) futures considering there is *no* spread
Dear rayner
Im trying for months now to find the right strategy to get out profitable with FX options, which is a european mix of options and forex with 1 Hour expiration. Ive found out that scalping is the only way out and Im fine with it.
But the thing is... I dont know in which timeframe should I focus on
5min? 10min?
And when/where should I focus (pullbacks, trends etc.)??
Any suggestions?
Maybe you should try trade pullback on lower tf within trend of higher tf
@@hensan17 yea this seems to be the only way :/ Thanls tho!
For scalping what time frame in candle stick should be ideal to use?? 1 mins 3 mins 5 mins or 10 mins??
I'm trying to scalp XAUUSD and I currently use 5m.
I'm scalping EURUSD on the 70 tick chart (Bob Volman style)
Use 3-5-10-15
I like the 1 minute
I doubt that with a perfect storm with the pandemic and shortages caused by it, with such high demand that hasn't been to this extent. Which there's scalpers gotten millions of US dollars.
master
May God bless you sir
good
I love swig trading I can make profits over and over again
Agreed
😊 good
....Indicators are laggers not leaders of price. There are also multiple scalping methods not 1. 1) High Momentum 2) High Volume Reversal 3) Range Tape Scalp. Also, Mean reversion is an illusion when it comes to Markets. Price doesn't revert to the mean, the mean reverts to the price.
Scalping being fast paced and stressful is exactly what I like about it... I always do better when I can just focus on the moment and not overthink things. I'm not an overly emotional person, meaning if I lose money I was already prepared to lose it.
People entering the market with money they can't afford to lose and the mindset that they need to make money is far too common, or at least with the idea it's easy and they should be doubling their money every week. I blame the countless YT videos I've seen with titles like "How I learned to scalp and made X in a month". I've seen a lot of comments from people talking about they've been doing it a whole 2 months and are losing money, asking what they're doing wrong and why aren't they making money yet...
Im coming to same conclusion, with swing trading I can’t make up my mind over 10 good charts, scalping makes me make a quick decision, and eliminates over analyses
First trade in pdax i lost 112 dollars. When i went to binance I lost 15 dollars. All lf those loss are from spot trading. But, when I tried scalping in binance i just earn 12 dollars yesterday & 26dollars earlier (it's just about 1hr trade). Lesson, choose the right tading style the fits to your abilities. I think spot trading is not for me, cuz I remember last month in my first trade I can predict the movement of the market really well but it's not enough for the fees hahaha & i still hold it even I already see that it will bearish. Stup!d!!!
You gotta youtuber who can teach me how ro start scalping im good with trading options but ive been tryna find research and videos on people who teach me the right apps and how to read the tick and min chart idk what bars are i jus kno a lot about trading options and make 80% of my weekly income from options
Im a scalper it is very stressful
Commission absolutely kills scalping!
Exactly! It’s pretty much impossible to scalp. The fees are to high
Not for options, well it depends on the brokerage
There are no commissions. Explain yourself.
@@dasmaverick1063 which app do you use
@@hamzamenghrani8848 TD Ameritrade
I'm a beginner dat why I'm focusing on swing trading
To Siboniso Msane: Swing trading is good; this grooms you to consider well-groomed stocks in the marketplace with different criteria and possibilities. If you do consider day trading, you will know that you don't chase and hold over junk. If you accidentally hold over, at least, you will have a good company to hope for.
Do you consider the five minute still scalloping?
😂
Excellent exposition
But if you’re only trying to use about 2% of your account in a single trade… and let’s say you use a 1:1 ratio… wouldn’t your take profit and stop loss stay the same whether you are scalping or swing trading? If I’m only betting 100 dollars regardless.
@Rayner make a video on how to make profit through copying trades from signals.
I think scalping is a skill to master just like any other type of trading, you should know your edge and work on that
Ppppppppppp0
I hate that people scalp pc parts, new Xbox’s, ps5s, I just hate it
Hi, i have a question regards to scalping/intraday trading. When you trade with a intraday strategy/swing. Maybe in one whole week you can get 150-200 pips in total (if one is lucky and keeps winning every trade), but the fact is that even the best traders loose also. But with scalping you can get 150-200 in just one day if done correctly, even with losses. So how can swing/intraday trading be more efficient if someone wants to grow his account faster?
I can understand that if someone really understands the market and buys trades with multiple standard lots maybe (10-15 standard lot) then 200 pips will be a lot, but when having a small account and one can’t use more than mini lot or 0,5 standard lot maximum, then for a week 200 pips doesn’t seem to be a lot to grow an account fast?
Too stressful which lead to negative emotions and then you will revenge and overtrading. Super instant wipeout acc in minutes.
Master scalping on the 5 second to 1 min timeframe (bouncing back n forth) and trade Forex like CAD/JPY and then keep rolling in profits in realtime to COMPOUND instantly -- is THE fastest way to grow an account and build Wealth.
Thank you. Really appreciate your advices.
It is stressful, but if you want the jet and avoid your normal stressful job, then so be it.
Dude, I love your stuff. I watch a lot.
I've even bought! But have you ever counted how many times you say "right" at the end of a sentence. It's distracting! LOL
😂
As always a really interesting episode. Thank you for sharing your knowledge. You mentioned a need of knowing how certain pair works (respecting S/R, trending, etc). Have you made any videos about this topic? Or maybe you can recommend any good stuff about this?
Check out the first section of this post... www.tradingwithrayner.com/intraday-trading/
@@tradingwithrayner Thanks!
Son Turning into a Magnetar so forget burn warnings its Friday from that day onwards..