Day Trading LIVE with Quick Scalps | Live Scalping 003

🎓 Trade with me: www.firesidetr...
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LiveScalping documents my journey trading with a full time job to trading as a full time job. You'll get to see all of my live setups with commentary on my thoughts of the price action trends. Today I got a piece of some crazy swing trading opportunities that paid out well for the day.
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DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
#DayTrading #FiresideTrading #MichaelChin

[@aussiejetjock]

"Help ease them out of their positions"....love it haha. Well done mate

[@ryanrobinson8682]

Nothing big or cool about taking joy in other people losing money + this isn't real or a live trade its a simulation. He's just ripping off content from Macs price action trading system .com

[@aussiejetjock]

@@ryanrobinson8682 why are you replying to me? Stop complaining and go and trade

[@jakubrehorek105]

@@aussiejetjock because he has experience unlike you, lmao

[@aussiejetjock]

@@jakubrehorek105 trading is a zero sum game fool!

[@user-fu9ty1zd4y]

free signals for all coins telegram: @rosecutee

[@BlakeBlockade]

Yo what’s up Michael! This channel randomly showed up on my recommended and it threw me off guard lmao. Glad see you’ve been doing!

[@user-fu9ty1zd4y]

free signals for all coins telegram: @rosecutee

[@KrissHermus]

Really like your strategy man!! Loved it when you said the 1 point scalp strategy is the most profitable strategy!! Thanks for sharing, and keep them live videos coming!!!

[@MichaelChin]

Thank you, I'm glad you're enjoying the videos. 1 point scalps can be highly lucrative!

[@pauljnolan1000]

@@MichaelChin Michael, I am interested in the Scalping Course I believe you and Riley offered for $395, as I recall, but cannot find any information on it. Please send me the appropriate information. Thanks, Paul Nolan. I'm at: pauljnolan1000--at--geemaildotcom

[@firsttenor76]

I did paper trading on ToS today for the first time using everything you've taught. I ended up with $2750 today. I will continue doing this for a week, to see how well I do. If I feel comfortable, I'll go live... and here's my promise to you, if I end up banking. I'm throwing money at you. This is a promise. I have a feeling randomly seeing your videos and all your training, will change my life. So, you will get gifted if things go as I think it will for me. Thanks for everything you do, Michael. You are changing lives.

[@andyjacobs7010]

How'd it go? And when you ended up with 2,750 that first day of paper trading, what paper capital did you start with?

[@AC-vp4ss]

I'm late to watching your series, but I'm really enjoying them and learning a lot! Thanks

[@raufawan3319]

no more videos?? r u doe with the trading??

[@michaelspirito1471]

Could you make a more in-depth video explaining your strategy?

[@MrNathan791]

You make scalping look so easy.

[@TropicalIslandHomestead]

Hey Michael! Great channel bud. I've been learning a lot watching you but still a newb here. I'm still a bit confused on how you read the setups and determine what is good and what is not. Would be great to see a video with emphasis on that particular portion of the process. Thanks man! Keep up the great work!

[@CharlieCoopero]

Woah this is really cool. Would be great if you could do a video with your set up - ie broker, software, leverage etc etc

[@isaiahcampbell1647]

Please

[@tiannanjb]

He did a video on his broker and his whole set up on it

[@user-fu9ty1zd4y]

free signals for all coins telegram: @rosecutee

[@HassanTrawally]

I just discovered this it is very interesting i'm going to put in more time to learn this

[@ricky8317]

keep smiling bro . positive attitude is the key

[@dvancamp6710]

I just discovered your channel and I must say, this is fantastic stuff, Michael! Thank you so much for presenting this in such a clear, concise manner!

[@kevinagee4364]

i like his smartass comments about helping other traders get on with their lives

[@soraaoixxthebluesky]

I love your approach. I’m trendline and SnR guy too. I’m not a FTT yet but from my backtesting I’ve seen that the best signal always start with a decent Marubozu, whatever it may be wether it is trendline/SnR breakout or 0.618 reversal signal.

[@stephensugulo9434]

I Michael Chin l like the way u teach as on live account on KZbin may God bless u bro

[@sarahlightner8616]

It's not live, he faked it.

[@andyjacobs7010]

@@sarahlightner8616 He's not claiming the commentary is live. Just the footage/screen-capture.

[@andyjacobs7010]

@@sarahlightner8616 Go to 12:50, or any other time he uses the limit or line tools, there are two mouse cursors on the screen. A regular mouse from when he was trading in the morning, and the eraser cursor which he uses to draw and erase hand drawn lines and arrows which he does while recording the commentary later, presumably at night. Hence why live screencapture has Ninjatrader's straight edge lines, while post production has hand drawn lines, arrows, etc.

[@DAVID-ek8fz]

Hey Michael, nice video presentation. Please i have 2 questions: 1. What is the bracket used for the buy and sell order? I mean is the bracket one or two? if two, please what are the values used. 2. If you entered with a buy order and didn't sell at a 1 point bracket, then the stock rises and falls multiple times, making it look like a swing. What will happen in the case when you eventually put in a sell order, will it fulfilled? 3. It looks like you placed a stop order first before a buy order, is that right? Thank you for your response in advance.

[@catng3467]

thank you for the video. Can you show us how to set up trailing ? Thank you

[@hearinglove]

What brokerage and platform do you like using? I have been practicing longing stocks for a scalp based on hi and low and trend. Have not shorted yet . Thanks for showing your live moves and explaining it so clearly! Joshua

[@kgp6531]

Micheal thank you for the video. Please keep us going with more videos. Great stuff.

[@kgp6531]

Do u mentor students

[@robinbtrading]

You're very civic minded Michael, helping out all these traders! 😆

[@ShaynePatton]

I'm impressed with how well you look to be doing. More impressed with your showing of the tech anal. Thanks for all your efforts to help us out! :-) I've never traded futures, have done stocks & crypto. Trends are pretty similar, if not exactly the same it looks like? You make $50 per contract, but if you lose are you out any more than $50? Also, what kinda fees do you pay per contract & per trade. Always remember "It's hard to lose money when you're taking profits". Don't sweat locking in profit.

[@sorcey9532]

Michael you are amazing, but I have a question, why do you trade against the figures we are taught in the technical analisys manuals?

[@justinpoole8227]

Dude you deserve SO much more publicity on this channel! If you see this comment, please like the video!

[@FredBuys2005]

Hi Michael, Can you clarify please, 3 mini contracts or 3 contracts. I use Plus500 for trading futures and need to open 160 minis to scalp $150/point. That’s a position with a $4529 margin to the value of $452k! Does that sound right to you or am I being shafted. Thanks for the vids and taking the time.

[@cjblance6869]

This dude is a BEAST. THANK YOU

[@jonathanmichogbo8486]

I find your comment about trapped traders quite hilarious , I always remember to click the like button after laughing to your comment .

[@aaronnicholson8154]

Thanks a lot, Michael! Very generous. Where can I learn the exact patterns that you use?

[@supportbmf9113]

Michael, tbh and of coz ur face is obviously a chinese but ur voice and the way u present ur video is like a news caster or a stock analyst of a big corporation....i m impressed, mate

[@ee04008]

Hi Michael, I am new to day trading and Ninjatrader platform. How to set stop break even to buy price, after one point target is filled? Your videos are really good.

[@warrenwilliams6539]

Hi michael im willie new to your videos could you please post how you do your buy orders with just a click and how to put them on screen i cant work this out only new to crypto thanks

[@fxtr1979]

Well done mike! I really enjoy from your skill and entry strategy, I've found you're opening position with 4 contracts, so may I ask you how much deposit do you have to trade with 4 contracts?

[@juanrossi6894]

which trading platform is that? great video by the way! Also, how much of your position you sell when you get to 1 point (and how much do you leave it running?)

[@sonictype]

really like your honest comments . great guy

[@DAWAHTIME1]

didn't understand your strategy. where do you put your stop loss, entry, lot size, exits? Thx

[@achyutbhattarai6158]

Hey Michael we love your videos and tips that you provide. Would you please teach us on how to set buy order and sell orders on thinkorswim. Thank you!

[@demontv457]

Good Trading Signals

[@aparvkishnov4595]

Its just a piece of art, its not an easy to follow strategy. Most people will goof up if they try to imitate him.

[@jms5340]

how do i set the buy order like that? in your tutorial you were buying at market and that has been hit and miss for me in my simulated account.

[@jenniferguerrero3799]

Will you ever have a live room to follow, gracias....

[@darronsmith6660]

Michael question can you apply this to forex without a tick chart? Traders Way I don't think have the 2000 tick chart that you use.

[@JamezBnd007]

are. you buying option contracts or the shares? because, how else would you be making 150 from a 3 point move??

[@ANTROD10]

How can we gage when the trend is going to reverse?

[@pablosantiagoquintana8954]

Hey Michael, one question, when you say trends go in pairs of two and you draw two arrows one going up and one going down in a lightning shape, the pair would be those two arrows or just one arrow being the pair the two stretches going up and/or down (depending on wich arrow you are looking at)?

[@mykhailokaniuk4820]

Just one simple question for you. If You are able to make $300-$1000 a day, (in matter of an hour or two) why do you still need to have a job?

[@kickass9379]

Big fan.. just a beginner. Could you please just do one video on your setup

[@kznova71]

Hi. I really enjoy your videos! Keep it up. I gotta tell you though, the gain of your mic is just a tad too much that it distorts your voice when you are liquid enough. Turn down the gain just a bit, and you’re golden. I want to make sure that everyone hears a clean sound from you. You have earned a subscriber!

[@beachmama9037]

Thank you!!

[@Stepzgie]

hello can you help me to setup my buy and sell with STOP LOSS the way you do it

[@jesuschaidez7716]

How do the runner work and why are they usually set so high

[@ashokverma-hp9xw]

You are great sir👌👌👍👍

[@musacpuerto]

How do you handle your stop that is many times the size of your target? I had same strategy but 10% time I lost it would be many times as big as profits.

[@user-fu9ty1zd4y]

free signals for all coins telegram: @rosecutee

[@RashmilDahanayake]

Hi, to get $150 profit per trade, what base investment value and leverage rate, so that we can calculate ROI. What's the risk to reward ratio?

[@andrewlanphier1795]

Hey Michael, totally new to this but have watched and subscribed to become more familiar. Do you have more of a breakdown video where it goes into terminology and more of the basics to work my way into this? Thanks!

[@philippejean-baptiste411]

Try babypips.com

[@ultramegaclay]

haha futures are so confusing. how long does it take to get an understanding? any advice on where to find basic from the ground up information? i've got a pretty solid head when it comes to stocks, but just started today looking into futures and it makes me feel dumb trying to understand lol

[@jackshanklin7576]

Do you have an existing 1 point take-profit scalping video that explains how much you are paying in spreads and/or commissions per trade?

[@kimadorna6131]

YOU ARE SO REAL MAN!

[@bartblack8054]

Hi Michael. I"m new to your channel and new to trading. Can you explain a little about why at 6:56 you did a sell stop order at 3259.75. I understand your reasoning behind a buy stop for a break out rise in price, and also the buy limits if the price drops, but I'm having difficulty in understanding how a sell stop benefited you with the "trapped traders". Thanks in advance. I know the video is already 5mo old...:)

[@moldycheeeseify]

this guy is such a homie thanks bro

[@2a2dabay2atx]

@ 7:44 as the red candles were forming, you took profit in a downward trend. I'm confused on this strategy.Seems the opposite of how you normally trade. What I'm I missing?

[@Name-lt2tz]

10:49 - why not setting buy stop for new trade here and cover not only your stop but help cover others people stops ? :)

[@sergeshcherbakov7761]

hi Michael, can you describe in detail the ATM strategy you are using, please.

[@3pierre91]

I do not trade it exactly how you do it but I am very thankful for the insight, I had 100% successful trades today,trading GC 3 contracts $4860 profit

[@jamirwalker]

Thats great !

[@ItsThanu]

Hello bro, which is the best Forex trading platform you suggest to trade? And what is your Forex platform? How is IQ option for forex? Hope you will rly these questions.🙏

[@artvaindelay2085]

It appears Trading view does not have 2000 tick chart so can I use 1 min chart on Trading view for this strategy?

[@Nerdemcee951]

Are you buying 1 puts contract when you set the limit to buy ? Thanks

[@BhagwatnikamYT]

Love from India brother

[@emy9272]

how much are you putting in each time though? whats a runner?

[@ritaantonio2249]

i'm not a candle master but could you explain why someone would enter short or long; you will often draw on a candle and say you will ease their pain by buying at the expected stop but don't explain how they made the decision to be in that position in the first place... thanks.

[@joosttoast8714]

Thanks Michael I enjoy it all a lot! MFKR is how I end all videos with a smile on my face :) Is there any trading platform where we/I could practise this technique before diving in deep?

[@alvinthechefmunk5196]

How much is your capital to get 1pt=150 dollars thanks sir keep watching your video its very educational and very practical

[@israelgomez7114]

what time frame?? 1 minute??

[@dharmendrauniyal6786]

Thanks Michael ..

[@opoknock]

What platform will I find the buy stop order?

[@loopforwhile]

You seem very knowledgeable and disciplined. How did you learn about trading futures? Any books?

[@MichaelChin]

Thanks for the compliment! I just launched a master course that will have everything you need to know to understand these setups. Try checking that out! www.dayonetraders.com/

[@TemoteControl]

With respect, he was asking about your story not a link to your course. Congratulations on your success though

[@haroldoduarte1393]

The answer was basically "gimme money" 🤣🤣

[@ronson-natsarim]

@@TemoteControl It seems to me the main focus of his/her question was to acquire the understanding Michael has of this trading strategy, and, presumably, Michael has condensed the many resources he has processed over his journey into a valuable course that should help them produce his results, which is, ultimately, what they are seeking - the results - and if they are willing to buy a book (low value), why not invest a little more for a high value, all inclusive course that will fast track them to those results? Education (learning, not schooling) is the best investment one can make.

[@comothagreat5776]

good video wanted to ask how many shares are u buying at one time when your scaping?

[@tshepomolahloe4772]

Hi Michael. So how much should I invest in my NINJATRADER account to be able to make those profits too?

[@TonyRovere]

Is the scalping class still available?

[@thebeat2575]

Awesome content Michael, you got me trying out the free NinjaTrader demo. Which brokerage are you using and how do you your taxes on these gains? Thank you in advance

[@divyasasidharan2960]

i dont understand how ppl get trendlines there r so many to consider which one to draw?

[@joilsongomes5]

How the price doesn't get ur stop it went right in it and didn't hit it. Mine gets all the time.

[@buddyhoffman7883]

How much buying power do you need to make 50$ a trade on the s&p500??

[@RandomParrot]

Why aren't you doing videos anymore. Topstep videos are really bringing in the clicks, and the topstep group in Facebook would really work for you and them.

[@abhishekjain578]

Could you please give me some references where I can learn those zigzag patterns you keep watching for ? I have not understood those zigzag patterns.

[@unchainedfury5044]

Hope you learned them by now but if not, it's just the trend following its "natural course" as people exit in order to make profits, it is normal for the price to move in the opposite direction in patterns of two, this strategy is all about finding that pattern and following the original trend instead of going the opposite way believing a trend reversal has begun. This is exactly where you scalp, getting your one point and exiting quickly at the peak or bottom of the two legged pull back.

[@jacosta576]

Michael how much money you need to trade the way you do?

[@patrickmartinez2954]

What broker do you use man?

[@ChefPremier]

Hi Michael, a question please, which broker platform do you use? Seems practical.

[@tradewithkayden]

What do you mean by one point? Can you give an example? We can’t really see the actual price it’s a bit blurry. Do you mean like putting in a buy stop at 3151.67 and TP at 3152.67?

[@andyjacobs7010]

1 pt in the S&P500 Futures is four ticks at 12.50 each, making 1 point equal to $50.00. It's just how Futures is measured.

[@avinashkharapkar3378]

Hey Michael, Great Vid! Is this applicable to markets across the world?

[@craiglarkin6906]

how much are you trading yourself? each stock is 3000plus/ sorry im new to this

[@killy_brystal]

What are referring to whenever you mention other traders have to buy back their position to cover themselves ?

[@Ng-nv9to]

did you pay for the upgrade to trader+ ?

[@pinktrooper2]

I really don't anderstand how it's possible to win 50$ per point if the highest price of that trand channel was 3264,00$ for example and the lowest 3257,00$ and price moves every 25 cents if I'm not wrong?

[@Johndoe-qn9jr]

Hi can you please make a video where you describe more in deeph and detail your stratefy how you trade please ? Thank You

[@nilbertpacheco3500]

Sir if it turned against your favor, how much you would lose in that stop lose. Thanks

[@hoffman56]

Don’t beat yourself up over selling too early. No one ever got hurt taking a profit.

[@lukemartin9702]

Hey man, love the content, do you have any suggestions on trading futures for Canadians?

[@edllerandi]

What is the link for theFB group to join?

[@salvadorpastran5854]

What time are you trading again ? and where? I really like how the market is moving at this time. I am very new to trading.