Scalping was Hard Until I Found these 5 PRO TIPS | Scalp Trading Strategy
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- Опубликовано: 11 апр 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
• Verified 8-Figure Trad...
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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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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.
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 🙏🏻
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
Finally you upload a quality video for scalping.
Thank you 💥💥scalpers for life 💪🏽
Thanks a lot man. This is a great video on breaking down. Those two differences in scalping and swing trading. This was really helpful. 💯
As always, you come bearing gifts and guidance. Gratitude!
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.
Youre the man, keep the vids comin
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.
I thoroughly enjoyed your video. It was very helpful and I’m looking forward to following and learning from you!
This was probably the most insightful video I've ever watched from ANY you tuber about trading... CUDOS
Great video. I've been developing a scalping strategy for ther lower timeframe.
Looking forward to the seminar.
Cheers👍
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.
FF to 5:50 for the juice. Catalyst and momentum wit a direction. You on it. ty 4 vid man.
Briliant Video as always, many thanks @Abdullah, looking forward to the weekend Scalping seminar and have invited some friends aswell
Looking forward to the webinar thanks
💪🏾💪🏾💪🏾
Great info Abdullah your right on the money bro! 👊🏾
Thank you! Excellent breakdown😊
Thank you 🙏🏼 pushing people away from it…literally the only way I have found consistency
Just bringing both perspectives to the table.
been lurking and this one got me subbin.
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!!!🔥🔥🔥🔥🔥
Brother, love your video. You've got a new subscriber. Can't wait to see more.
You are doing great work. Keep it going brother.
Really needed this, been struggling with being a scalper but forcing myself into day trading
Solid info here! Well done!
Great vid‼️‼️ All is possible , just gotta see what method is best for you best on your availability, personality, etc
great points bro. deff took notes. been tryna create a scalping strategy for "easy money trades"
Great content Adbullah, I've been pivoting my Trading style lately as Scalping fits my routine better and my strategy is very well suited for short term trades
You are confirming my unsure idea on trading
I’m
Not even done with this video n I’m hooked
Amazing video, all you can expect from the market is the higher timeframe to play out.
Thnk you for this video. This just validates my thesis about my scalping strategy
My man is spitting bars !
Good video most of the edge comes from the premarket high timefranes and is confirmed on the lower using rsi
What do you think about trading medium news trades?
I respect your unbiased information great job bro you are my mentor now
good video mate
Great advice
Great video well done
Thank you Good Man
Ive just signed up for the webinars but it seems ive missed the first one. was it recoded, if so where can i watch the replay before Sunday so as I'm up to speed
Bro good content how do you do your editing plus those translations
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
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.
Thank you so much
absolutely true to the point ...
I'm scalping oil and the reward is really good but it can also turn against you quick. Any inputs around scalping oil?
What leverege do you usw for swing and scalp?
Nice !!👍
finally, facts on scalping
💯
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
I really want to learn scalping chart... Do you have any pdf or video that can explain everything with chart
It's great information Sir
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'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.
So does it mean a catalyst would be something related to fundamental analysis: like a majors news event or release of economic data, causing the asset to move a certain direction? Or is it more than that?
10 am economic news
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. 💯
Its all Mental Sport at the end of the day! Some of us love the Sprints while others love the Marathon.
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?
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.
AR you are my main guy in this game
💪🏾💯
I’m a certified scalper, feels like home here, thanks man
Would be nice to see you interview the Day Trading Addict
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.
Hi Abdullah , do you have any suggestions about a good mentorship about scalping .
Read AL brooks reading price action bar by bar
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
I am a new trader, but I can understand for myself that scalping is just one way of trading, and the sky is the limit for what you will earn/ lose. So, a good strategy is key for success and longevity.
Are you going to host another webinar
Passed the5ers prop challenge with ICT's concepts.
Congrats. Wish you the best and consistent payoutsb
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.
Webinar happening?
wow, that's informative
We scalpers fly !!!
💯
I was in and out as a scalper to complete the 5ers prop challenge.
another webinar?
Do you edit your own vids?
I scalped a 2000 account to 49,000 in one day on a little known ticker back in 2007, I was fast and nimble that day started at 200/400 share size and built it to 10,000 by the end of the day, even hit the specialist hard going into the close so bad my last trade was mine, he gave up, traded over 2 million shares, what a day.
No you didn't if you did, you 100% sure already lost everything
@@Vimuks Actually I did, it was the most incredible day of my life, the only problem with a day like that, it's a disaster for your mind, your mind has trouble accepting it, I probably gave back 80% of the gain over the next month and I went back at the time to making a few hundred a day, sometimes more sometimes less, and YES I did, they do in fact happen. But I've been trading since 92 that's 19 92 I'm in my 50's now and have so many crazy stories it's insane, But yes I did have that day, but that was a different time, no social media back then, no twitter nonsense, stuff actually happened in the world pre IPHONES and Twitter you know.
Where can I please find or buy a scalping strategy with Edge?
Thank you
there are many free strategies even on RUclips. 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?
What’s main deference between scalping/daytradin/swinging? Timeframe… but depending how u trade, might use 1M-1week already.
All the same shit. Only difference comes in what u trade
I am an aspirant. I am practicing it and with my effort and God's help I will achieve it. Thanks for the video.
I scalp bitcoin, and its absolutely magnificient!! hahaha.
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..
I signed up and was waiting to join, but I was never let in.
bernd skorupinski swears by swing trading and is against scaliping. I watched both interview by him and Lance. Who is the better?
Bernd Skorupinski should watch this
I love scalping! I'm over 80%
I love scalping however, when market is against me, i switch to swing trading perhaps it will reverse to my prediction
😂
Momentum trend trade
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.
There is a way faster learning curve when you trade the second and minute charts
I passed the The5ers 1 phase challenge with ICT concepts
Congrats! Hope the best to you on phase 2
Abdullah bro love you please make a video on reliable funded firm
Lionheart funding program, funded next Thank me later
Man you're doing good stuffs, you are the only youtuber(trader) I watch
How can I get a copy of your webinars?
The same way Meek got money from Diddy. Take that! Take that! 😂😂😂
Heuristic availability is basically anecdotal evidence
This man is making Scalping great again 🔥🔥🔥
We've been here the whole time 😅😅
We are pretty quiet in the space because we are too busy looking for momentum
@@abdullahrasheed Lol good one sir