Revealing My SIMPLE 2024 Scalping Strategy (with results)

[@RileyColeman]

📙Free 14 page guide of my favorite trading patterns ➡bit.ly/RCtradingguide

[@AhmedFarislive]

My friend, I am very very grateful to you and thank you for all the information you provide.. But a piece of advice from 3 years of experience, pleace leave oil and trade the Dow Jones (YM), it is awesome and applies your strategy better than even the NQ and ES. I wish all the best for you.

[@thepixalking6589]

It's refreshing to see honest people show the losses. It makes us feel better about our losses.

[@davidlynch318]

You have to do these every month! I love to see real trades and how you handle them. In fact, I wouldn't mind seeing a video for EACH trade recap. More content for you too.

[@6stijn6]

100%

[@daytrader3050]

Agree

[@muzaalenicholas4635]

Thanks alot

[@rafilathif]

Instead of making a recap video why don't come up with KZbin live when your in a trade

[@Gump23]

@@rafilathifunless KZbin has changed he can’t do live trades on a live account it has to be demo unless hes a cpa

[@digger5521]

Love your honesty of showing your losses, they are more important than wins for learning

[@derek744]

Riley I just want to say that I really appreciate your openness to both winning and losing trades. I have trades that I take and have them stop me out just over my stop loss. Then turn and I would’ve had a great trade. I always think that I did something wrong but to see your trades sometimes do that as well gives me the hope to keep going and learn from it. Thank you and can’t wait for your January trade review👌🏻

[@travelingwithluigi2915]

First time I see someone presenting their losses, all gurus out there show mostly their wins. Thank you for your honesty and showing the reality of trading, what it takes to keep going. Also, you are a great teacher, very easy to understand and you put your money where your mouth is. Hats off! Will watch all your videos now!

[@epiclegendaryking332]

Bc I don't lose i win baby come on let walk this way👉

[@phoenixwangui3014]

I appreciate that in your videos, you talk about the same strategy and not having a new strategy in every video. Keep up with the consistency

[@burgerjoemama]

Easily one of the best trading channels today 🔥

[@kayit2005]

It was an absolute eye opener man. I am just started to find some consistency and this 35mins vid actually represented my performance so closely! I am a 1:2R trader currently and finding ways to improve my winnings.The physiological aspects explained inside are so valuable(very very rarely explained by anyone else) and have given me so much assurance. Thank you so much for this recording! It represents too closely how real life trading really is!

[@bmack.fitness]

losses are definitely a part of trading and it’s sad that some people think trading is easy. We need more honest people like you in the trading world to show that it’s okay to lose sometimes. Your risk management and reversal pattern strategies are top notch 🤝🏼

[@ScottVanKirk]

Your videos are consistently some of the most useful and inspirational trading vids out there! Thank you!

[@stockguy87]

Riley this is the BEST video I've seen on KZbin. Especially seeing the consistent losses. Thank you for sharing this. It makes me feel better that I'm not the only one that struggles and also you are very detailed. I also like that we should look at this long term rather than monthly... A+ video!! You just won a subscriber just for this! 🔥

[@kicknit2181]

Great video…. Ty so much for your transparency…it’s refreshing to hear someone openly review their winning and “losing trades”, explaining in detail the complete trade. Ty💚

[@colindiwa]

Recently wanted to learn how to trade so I have been watching A LOT of trading KZbinrs the past week or so. I have come across many of them who are posting so much valuable information, but one thing I really appreciate the most with your content is that you go into detail with not only your wins, but your losses also. So many other trading KZbinrs only explain their trades that win, but as a beginner trader, I am glad I can learn from both the positives and negatives of trading. Thank you!

[@nate4245]

This talk through is solid gold

[@secretmission7607]

Thank you Riley. Very, very helpful to see this. I'd love to see a video showing the trades you reject - trades that you do NOT enter because they don't quite meet your entry criteria for whatever reason. That would be very educational!.

[@redhotdollars7762]

That would be an excellent video.

[@atotheb2176]

Great honesty and reality of what trading actually looks like. Keep up the great work!

[@reydelaluna]

Gotta be one of the most honest dudes out there. Thank you.

[@douglasolivia6556]

I'm hoping to retire next year at 55. My goal this year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $185k, but I'm not sure on how to mitigate risk!!💯💯

[@martinsdaudu1941]

😂😂😂

[@jamilnkugwa241]

Man with a big Heart, i mean you bravely dont fear to show your losses... Not typical of most gurus..

[@ApolloLin21]

Used your strategy on NQ today and made 3.4k

[@Deering777]

You’re one of the most transparent traders on KZbin. Just by watching you, I have become more successful, just with these small details that you teach that I might’ve known about but I just somehow didn’t think they were as important at the time Also, this idea of just trading the price action, I think is the way to go versus a bunch of indicators I got onto that idea a while ago, and I agree with you it’s way better for just trading price action and going with the ebb in the flow of the markets And admitting if you’re wrong, then you were wrong, that’s just part of Trading and then you move on Thank you so much for the videos. Keep them coming. I am a fan. Thank you.

[@adolfojmezan]

Riley this video today it seems to me that you express yourself with total sincerity while you are trading I feel that and I think it is very commendable on your part to share it I watch trading videos throughout the day and I do not get this level of simplicity and truth in everything you say, it is a video that many of us must learn from not every day you have to enter the market you should only wait with patience the proper setup I want to thank you for taking all the time to make these videos because I know they consume a lot of time I recommend everyone to watch the video especially beginners in saving this video as a very important one and seeing it frequently I saw you a greeting and a big hug and that the forces of heaven accompany you

[@Franswatrucking]

You're my GOAT..Ive laughed so bard to see you knocked out and being honest about it,for I've wiped my account clean with losses..You've motivated me to know profits in this industry are married to losses too

[@michaelzumar3375]

Awesome transparency man. Keep up the great videos! This is the real side of trading no-one shows.

[@apfelsnutz]

Riley, I have been watching you for about 5yrs now, and i must SALUTE... 07 ... YOUR PROGRESS in trading ! Thanks you very much for these videos. I'm retired now, and looking to get back into trading... I'll be watching...Thanks again ! Ron

[@macsupforfun]

Great video Riley. I think you got to the whole secret of being successful. Be patient, stay the course and give your strategy a chance to work. Manage your losses and hopefully your wins are big enough to grow your account.

[@calvinmack206]

Riley I have adoped to your style. It works i had an amazing 3 weeks. I still had losses but my gains over shadowed my lossed. Over 1K in 3 weeks. Thank u

[@Olliinn]

the biggest lesson is so true lmao, when I first started i was convinced the market had to be rigged against specifically me, like its waiting for me to enter a trade to reverse completely

[@brandoncruz3509]

I've been watching the more recent videos and shorts. This video could not have come at a more perfect time. Currently trying to tackle 5 EVAL accounts and last week I had a good week but this week has been red trade after red trade. The only green trades I took were so small. When you said you sometimes need time to reset and take a week off and go on another streak that hit me. I had sooo much confidence having 8 green days in a row. Time to reflect go over my trades see my good ones plan how to make them better and focus on the big picture and not be result driven.

[@arvinddahiya795]

Amazingly detailed. Kudos to your efforts. 🎉

[@benm3581]

Thank you for sharing your breakeven month when the so called gurus are only posting only winning trades! The knowledge you're sharing is priceless. You are proof that even profitable traders have consistent losing trades. Most traders show only winning trades that gives new traders the wrong impression and the come in expecting to get rich quick!

[@allanc7897]

Thank you for sharing! this is one of the best video to help my trading especially on the lost side. i'm not alone

[@senat9854]

Hi. Thank you for showing the profit and loss.

[@malcolmrutsatz4148]

Riley ~ very astute of you to present these losing trades to permit your humble followers to give you advice! We are all so successful and skilled at trading. That's why we watch KZbin videos.

[@rickyhay]

I’m learning so much from seeing the losers, and your detailed commentary.

[@renatar2330]

I love your videos. I think your wait of thinking and approaching the trades is brilliant. Please keep doing this videos. Helps a lot.

[@adnaanjinwala9623]

God bless, you put so much effort in putting out the content for everyone's info. Thanks is a small word for it, really grateful and have learnt so much from you. ❤❤❤

[@paulfisher9527]

Great stuff Riley

[@francisgonzal8214]

honest enough, compared to those traders that only show their winning shots.

[@Abc-sl1nf]

I like your trading style. Thx. Very helpful

[@GaryAlvarezGT]

Gracias por ser tan transparente. Esto hoy en dia se valora mucho en este mundo. Me motivas a seguir adelante bro! Saludos desde Guatemala!

[@tsallyt]

S&R breakout was a rather simple solution to my The5ers prop challenge.

[@braddistler5697]

Hint I can help you with one thing. You should take profit at the measured move or 200% level. Most occasions it’ll go 2-300% then reverse. Take one contract off at 100% then another at 200% and leave one runner at 100% mark. Not break even. This alone will help your win loss a ton. Leaving whole trade on just sucks. Adding to position as it goes sucks too. Simulator showed me how much better it is to enter with larger amount taking profit vs building a position. Next few years should be choppy so I’d refrain from adding to runners. Can also exit at 200% and put another entry at 50% pullback with stop at bottom still. This will save half the pullback but give another Chance at big run again.

[@angeliaputri1]

Wow cool, thanks for sharing, but I usually use the unfilled order strategy in the nfc community.

[@braddistler5697]

Great content and you show pl! Once again the trade at 32:00 you need to take profit at the 1:1 measure move of breakout candle. Should only have one contract on after that low was made, then stop pulled down to 50% in profit. It’s basic math and puts your win loss to minimum of 1/3. Last contract left to run takes that to 1/10 -1/20 real quick. Hurts to see you not take profit and leave runner below break even. Took years for me to learn the key is not ever loosing not shooting for the stars. Yeah only one contract or 1/3rd of initial left to run so profit weakens but it’s all winners.

[@martinsdaudu1941]

You're making so much sense. I wish this was more clearly explained

[@braddistler5697]

Happy I helped. Seems like good trades come from understanding certain things about probabilities. I went from butt kicked to profitable just from adding contracts and learning to pay throughout. Never add to position unless trendline and wave in and out of half position. I’m greedy I’ll exit long at top of trendline and short on it with tight stop. After few touches it’ll break so have to be ready for breakout strategy. Either short close of a candle or enter breakout tick above previous candle or an engulfing candle. That’s it. No other entries besides trendline or ema entries. Good daily trade is when away from 20ema for 30min or more the first touch of that 20ema has nice bounce. Take profit early and set few tick stop for runner. Only one chance to grab the touch back and if gives more than one or two chances to enter on that 20 I get out anticipating a breakout. That stuff takes hrs on charts to see same rule with trend lines. Stuffs into wicks above them won’t come off of it. It’s gonna break through.

[@raulpalomares1092]

I've learned quite a bit, like most guys, from ur videos.

[@Ruhinnikash]

I'm unstoppable with chart patterns and The5ers.

[@nsnk2211]

Friday I took the crude oil trade exactly the same area and assumption also same as you thought technically and got some profits ..... now I got confidence am on right track. Thanks & Regards.

[@emeraldplumber]

I have watched several of your videos and found very helpful, but would like to see actual trades. Are you trading options, spreads, or what?

[@shawnmilla4136]

I like how bro is honest

[@jayt376]

Love your content mate. I stick to daily and 5 min supp and resistance levels and look at volume spikes for breakouts. Also trading without volume knowledge is like driving without mirrors. You could possibly improve your trading with volume spike info Riley. Cheers.

[@oppaydesta1946]

I think you can adjust your lots.. And give some more pips for stop lost above the Supply / resistant Area 🙏🙏🙏

[@ICEQUEENN777]

I wish you could go live some mornings to do step by step group trades. 🙏 it would be nice to follow and see you take trades in real time .

[@johangonzalez9125]

Riley, thank you for sharing with us your knowledge and understanding. A question: what platform are you using for trading futures. thank you. I will look forward to see more content like this and your response if you dont mind. May you and everyone here prosper and thrive in your trades.

[@Cryptonair3]

Love this bro! Came across your videos and learning A lot!!! thanks for the real trades. Realest in-depth trader I’ve watched on here man. Keep it up. To the moon! 🚀🚀🚀🚀

[@christiand6063]

Thank you Riley you are still an inspation

[@Traditionaltamiltrader]

Bro concept ok when take trade at support . But 50 %50 %only possible. But you take trade at brake out failure. More chance probability also 70%. Trapped all others then you take a Entry . Work well for me😊

[@charging99]

I have watched thousands of hours of trading videos and you grasp it. Just dobthevopposite of what ict says in his videos

[@EKim-ve2nn]

Thank you for demonstrating that one can be a profitable trader even with losing trades and unpredictable market when one has a solid trading plan and right mindset.

[@riptide4234]

Bro I’m so bless I found your channel . What a good info . !!! Thank you so so much !!!!!

[@princev8283]

Really transparant actually great to see this , bec i felt bad result focussed, i learned a lot!

[@starrider6108]

Another excellent video. Appreciate the work you put into these.

[@handlehouseflamingknights6913]

Wow I love your transparency! Also your strategy really works. I use to be abtrend trader but your reverse trading strategy is amazing

[@vitsin87]

1 advise that you could put in your strategy is to enter twice in a trade if it hits your stop, i give the market 2 trys if i get stopped out but then if the market gives me another set up i will get in. Because even you already have a loser that second attempt will get your loser back and extra cash in your pocket.

[@skydiary4718]

I love this video so much❤ it is informative and good education. Please continue to make more. And take care. You are an amazing and honest trade-sharing educators.

[@INVISBLCustoms]

Check again at Crude Oil future contract, the price is consolidating in a nice pattern, making it ready for a upward trend of 11%. Money on the table!

[@gregski8754]

Brilliant video, thank you for letting us know more👍 keep up the good work

[@maufaya6165]

Hello Riley, I follow you for a while and I like your strategy except your risk management. I trade options very similar, except that when I have profit I move myself to beak even (ALWAYS). If the move is not in your favor and it knocks you out, at least you are break even and not loosing money. If the move in in your favor, then you will make more money because you don't have to recover previous loses. Remember the rule #1 of a good trader is not to make money but to protect your capital. Thanks for your videos.

[@TuahUSD]

Support you

[@umoikpaubongeno6078]

Thanks for a great video. It's very educating. Kindly do it every month, Cheers

[@davidbugatti2159]

Great video bro, you made some really good points in this vdeo

[@wayneq1877]

Can you make a vid of how to find and draw the support/resistant instead of showing how to trade based on the drew S/R strategies over and over again ?

[@handlehouseflamingknights6913]

Riley I really enjoy the training

[@braddistler5697]

anyone ever shot every green candle close or buy any red close that’s in range of trendline or supper/res levels? It’s stupid but when apply a win loss strategy it works wonders. I get 3 contracts then exit one at 50% pullback of prev candle body not wick. Take profit at 100% of body then pit stop to break even at bottom of body not wick of previous candle and let third run for free. When it breaks out your first in and have tons of free time in market to let it do its thing. Only problem is when it reverses and stops me out I should be entering short! But now I’d enter one tick below candle which can reverse and whip you out being on wrong side of trade I just did since I should be going opposite of trend of candle not with it. But it broke out so follow it and then it whips back and take me out a whole candle stop loss not a tick or two. If visual you’ll know this is from expanding volatility or larger candles printing going high and lower each print. Hate the megaphone shape unless respects trendlines and makes huge breakout.

[@tsanwangompo]

Thanks , very good ,

[@sonalimadushika8957]

passing the5ers prop challenge was easy with chart patterns.

[@LuxMarketPulse]

Love your videos, thanks a lot. What account size are you trading this on?

[@thefloki1071]

Thanks for this video. So transparent & HQ content. It is how trading works right. Why that tittle tho?

[@kole_2005]

Trade with the trend

[@gonzalobofillr]

Very nice showing the reality of trading. Congrats... if you just add a few things about smart money concepts it will help you a lot. Almost all those stops were just because the movement took off the liquidity above those highs and then run in your favor. Very nice channel.

[@pranaykumar4087]

Hii Riley, I am from India And we have Nifty, Bank Nifty and Fin Nifty Indices Can you please make a video on these index 😊.

[@eagleyt786]

Kindly best video ever appreciate that🖤✨

[@lifeslooker]

what lot size are you trading with when trading? or does that depend on the market you're in?

[@louis6576]

Great strategy. You trade trade at 7:00 ?

[@scotthenderson4376]

Is it better on a stock an ETF or an index. I've seem they all follow the index for the most part but what gives the better results?

[@tybangnguyen]

Thanks Riley.

[@lurky4k]

I honestly don't understand why you wouldn't take at least 2 contracts off worth of profit to compound and then leave a runner after moving your SL to breakeven. Isn't the entire goal of trading to compound profits while preserving initial captial?

[@markgalveston604]

It's not his plan, the market has no plan, so like said tweak the plan, take something 👍👍👍👍

[@gonzalovillabriga1862]

Hahaha just had that same frustration trade 😅 the bloddy market just toke me out the same way.

[@lorenpat]

What was your yearly gain.

[@gabrielsundayabraham896]

Thanks bro

[@jupavalgo795]

Great video Riley👍🏻👌 you are a great trader but I would like to give you some advice

[@andrewOTCTrader]

Yup everything that happened here also happened to me sometimes when the market was choppy as hell

[@izonepunchman6657]

For the december 7th trade, why cant you just go back in to make a profit back after losing since it is going down? beginner here

[@ezemagic]

I think you should do these every month for sure

[@RD-ji9ts]

You're Awesome

[@twiggyinc1]

So to trade these, do you buy Options or is it a straight purchase with a stop loss and so the Risk is the Capital minus the stop loss?

[@MenofHighValue]

Yeah man this is awesome

[@natedoglara]

Question are you going a few days out or weeks like calls and puts when you pick your contracts?

[@lifeofalex9199]

I’m trying to get into day trading but unfortunately I live on the east coast and have to be on the job site during the prime time immediately after the market opens. Do you have any suggestions or other times that are good for trading other then market open in the New York stock exchange?