Hi Jeff, I try to use your EV calculator, and found that when the probability is 70, reward is 40 and risk is 10, then it would tell EV(25) is out of range, with same probability, and 4 reward and 1 risk, then it tells it's A trade by EV is 2.5. can you tell how to define the reward or risk's value, or give some reference video? many thanks.
I have to disagree with the whole adding to trades thing and trailing stops too closely. Most bars, at least on the 5-min TF overlap enough to stop you out. Also, most SMB playbook trades just don't work. Most of the time they represent exhaustion of a trend and reverse sharply. They require too much active management and you are just left scratching your head and regretting that you didn't get out at the right time. If viewers of this video are mostly retail traders, then do yourselves a favor - just define your risk based on your stops, take the trade with that size, and just manage that trade. One and Done. Getting too cute with all the fancy stuff will lead to considerable losses. Don't believe me - just read a book called Street Smarts - by Larry Connors and Linda Raschke. The whole idea will make more sense.
Can you help me to understand, as I always look for volume confirmation to price action and thus lose out most of the trades. I don't see these video's elaborate on volume strength, so how to trade only on price action or along with the volume support. I trade only index option in India.
When a breakout or breakdown occurs and price action pulls back or retraces back to the breakout/breakdown level, it's called a "retest" in technical analysis.
@@billyshears921 Yes, it works because the breakout level becomes an important line in the sand that needs to be defended in order to prevent a failed breakout, so a retest can be a good place to put on risk if the level holds. Usually traders will pile on once they see the level is holding.
I only add to my trades if I’m in drawdown, and I get a retouch of my entry, if my entry holds I’ll add, and especially if the 5 and 15 are aligned. I play this whenever I see it it’s one of my favorite plays and my wins far outweighs my losses on these. It’s basically the same thing.
Once you've tried to trade and lost you will come back to these 2 items. First "having a setup" and "learning how to cut your losses" as 1A and 1B. If you don't know how to cut your losses you'll never make it in this career.
I love trading intraday, especially scalping the one-minute chart. However, tight spreads are crucial for this strategy.I often find myself in a larger loss immediately after executing a trade due to the spreads. It would be great to see a video addressing this issue. Ps I use a risk management tool.
What options strategy will be most profitable when option premiums are insanely high such as for MSTR right now, and where naked calls selling is either too risky or expensive.
Tap and go = 15m negative gap entry (ICT SIBI) Not sure I agree with your ADD example, as you add on break of a level, not on a retrace Always starting with stop: So easy to do, and forget...good advice
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Good video. I really like the touch and go tactic. Been using it with almost no stop loss which leads to tons of loosers but when I catch a swing I take profit off early then leave runners on with break even stop. This allows me to never loose and when I win I pay myself first then gamble the rest at no risk. Taken years of emotional control and letting stop losses hit and not exit based on feeling or emotion. It’s important to know price action but not get sucked into the fake outs. 1min candles are such a nightmare to trade Ema touch and goes or engulfing breakout trades. 5min minimum and all trades must come from 30min to 4hr setups. Those are the only thing that moves markets so don’t think a 5min setup means anything without larger time frame setup. No one pushes this hard enough. Nothing matters when the 30min wants a 20ema or 200 or trendline over a week or two. When market goes and I don’t know why I look at large candles to find the trade taking place. Oh and never add to position unless taken that size lot off already and entering back in at better price only never above when exit was. Taking off really helps risk reward mathematically. Adding suffocates that math. lol
I used to think the 'touch' on 9EMA was so inaccurate, until I figured that, if it breaks briefly, and especialy not far away from it, it's most likely fake and will travel back to reclaim 9EMA. I've no choice to use 1 min as I can't even use 2 min candle on free TradingView account, and a lot of SMB capitals scalps (or all of them use 1 min chart). I think every chart has its play, it's just how much you understand the timeframe, based on usually, EXPERIENCES
@scalpersedge555 I don't short, but I do realize that big money buyers step up as new lows are reached. That chart did break down and I'd expect a quick drop and bounce causing a reversal as buyers step in. Don't you want to step in at the top as it failed with a dbl top and maximize profit
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
Appreciate the recommendation! Bought XAI25N, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
SMB Scalping Class: bit.ly/4hMocC6
EV calculator: smbu.com/ev
Hi Jeff, I try to use your EV calculator, and found that when the probability is 70, reward is 40 and risk is 10, then it would tell EV(25) is out of range, with same probability, and 4 reward and 1 risk, then it tells it's A trade by EV is 2.5. can you tell how to define the reward or risk's value, or give some reference video? many thanks.
I have to disagree with the whole adding to trades thing and trailing stops too closely. Most bars, at least on the 5-min TF overlap enough to stop you out. Also, most SMB playbook trades just don't work. Most of the time they represent exhaustion of a trend and reverse sharply. They require too much active management and you are just left scratching your head and regretting that you didn't get out at the right time. If viewers of this video are mostly retail traders, then do yourselves a favor - just define your risk based on your stops, take the trade with that size, and just manage that trade. One and Done. Getting too cute with all the fancy stuff will lead to considerable losses. Don't believe me - just read a book called Street Smarts - by Larry Connors and Linda Raschke. The whole idea will make more sense.
Paper cuts can kill.
Linda Raschke is the real deal. Good comment, appreciate the insight.
So if you’re saying that for the 5min chart what chart do you use ?
Nice, A market wizard reference of Linda. Certainly makes it more trustworthy coming from her.
Well yeah, plus all their so called setups are too complicated.
Love it. These continuation setups are my bread and butter trades and are what is bringing me more consistency in my trading right now. 👍🏼
Thanks Jeff. Really like that touch & go on the 15min.
Can you help me to understand, as I always look for volume confirmation to price action and thus lose out most of the trades. I don't see these video's elaborate on volume strength, so how to trade only on price action or along with the volume support. I trade only index option in India.
When a breakout or breakdown occurs and price action pulls back or retraces back to the breakout/breakdown level, it's called a "retest" in technical analysis.
So he's explaining a 'break and retest' trade?
@@billyshears921 Yes, it works because the breakout level becomes an important line in the sand that needs to be defended in order to prevent a failed breakout, so a retest can be a good place to put on risk if the level holds. Usually traders will pile on once they see the level is holding.
@@sbespn3820 Thank you!
I only add to my trades if I’m in drawdown, and I get a retouch of my entry, if my entry holds I’ll add, and especially if the 5 and 15 are aligned. I play this whenever I see it it’s one of my favorite plays and my wins far outweighs my losses on these. It’s basically the same thing.
What 5 and 15? EMA or SMA or MA?
Once you've tried to trade and lost you will come back to these 2 items. First "having a setup" and "learning how to cut your losses" as 1A and 1B. If you don't know how to cut your losses you'll never make it in this career.
then make another 50k trades :)
I keep thinking the last SMB video is my favorite until I view the next one. I want to trade for these guys.
I love trading intraday, especially scalping the one-minute chart. However, tight spreads are crucial for this strategy.I often find myself in a larger loss immediately after executing a trade due to the spreads. It would be great to see a video addressing this issue.
Ps I use a risk management tool.
What options strategy will be most profitable when option premiums are insanely high such as for MSTR right now, and where naked calls selling is either too risky or expensive.
Tap and go = 15m negative gap entry (ICT SIBI)
Not sure I agree with your ADD example, as you add on break of a level, not on a retrace
Always starting with stop: So easy to do, and forget...good advice
This is a simple breakdown retest, which has been around forever, it has nothing to do with ICT!
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Always start with my stop. Got it
Jumping in on ES short on pullback. ty
So where was the "touch" on the first example? It stopped short of the retest.
lol true! also his exit rules were only followed after a big gain... its easy to make a video about a chart youve already seen
Always a great video by SMB.
Good video. I really like the touch and go tactic. Been using it with almost no stop loss which leads to tons of loosers but when I catch a swing I take profit off early then leave runners on with break even stop. This allows me to never loose and when I win I pay myself first then gamble the rest at no risk. Taken years of emotional control and letting stop losses hit and not exit based on feeling or emotion. It’s important to know price action but not get sucked into the fake outs. 1min candles are such a nightmare to trade Ema touch and goes or engulfing breakout trades. 5min minimum and all trades must come from 30min to 4hr setups. Those are the only thing that moves markets so don’t think a 5min setup means anything without larger time frame setup. No one pushes this hard enough. Nothing matters when the 30min wants a 20ema or 200 or trendline over a week or two. When market goes and I don’t know why I look at large candles to find the trade taking place. Oh and never add to position unless taken that size lot off already and entering back in at better price only never above when exit was. Taking off really helps risk reward mathematically. Adding suffocates that math. lol
I used to think the 'touch' on 9EMA was so inaccurate, until I figured that, if it breaks briefly, and especialy not far away from it, it's most likely fake and will travel back to reclaim 9EMA.
I've no choice to use 1 min as I can't even use 2 min candle on free TradingView account, and a lot of SMB capitals scalps (or all of them use 1 min chart).
I think every chart has its play, it's just how much you understand the timeframe, based on usually, EXPERIENCES
How can I apply to become a trader at SMB NYC?
smbcap.com/careers
Check out our careers page. smbcap.com/careers
Thank you so much Sir, I love this video and this channel... ❤❤❤
Great video! Well done.
thank you!
A other great video. Thanks for sharing 😊
really good lessons here, thank you it is exactly what I need for where I am in my learning.
it's a combination of ton of things for a successfull trading!
very true
Putting Stop Losses too close might cause some issues = losing trades...
I made $2 profit today. Getting greedy killed it
Good video , thank you
Im curious why youre shorting at the bottom? Dont you want to short the top?
Until you have 30,000 practice trades or more you won’t know what you’re looking at. It’s an art.
@scalpersedge555 I don't short, but I do realize that big money buyers step up as new lows are reached. That chart did break down and I'd expect a quick drop and bounce causing a reversal as buyers step in. Don't you want to step in at the top as it failed with a dbl top and maximize profit
Quality content 👌
Awesome 👏
You guy's should start giving us some tickers to trade
Ryan does that each Sunday ruclips.net/video/DUydKi-FrbQ/видео.html&ab_channel=SMBCapital
This shit slaps!
Wait until you find about divergence and volume analysis.
Thanks! ← Comment for your algorithm + *👍 'd* + _previously _*_Sub'd!_*
#OldManPaxus Rating: ★★★ ½
"touch and go trade" bro thats called a pullback, you did not invent or reinvent anything....
Buy $NIO
why?
@afonsodeportugal max shorted shares reached $GME effect...
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
Touch and go is another name for the break and retest. Nothing new…
So so so so so important or just so so so important? Unclear on that, ser.
You tube comments are like the mixture between piss and bleach water by the drain in the restroom at a public pool 🏊♂️
Thanks for sharing XAI25N and SUI. 💯
I'd be shocked that SMB traders actually use candles..
Appreciate the recommendation! Bought XAI25N, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
Thank you for sharing XAI25N💗 I really appreciate it
You guys always give us the nuggets. 🙏🏽🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾