Scalping for a Living! 🔥(Profitable Strategy)

Learn the art of scalping! ****** Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
Join us as we discuss how modern day professional traders approach scalping. It's a strategy that can fit many different forms and be used with many different risk profiles. We'll discuss how you can take the concept of scalping the market and learn to make it your own!
Whether you are looking to capture a 10 cent move, a 50 cent move or simply just capture the spread between the bid and the ask scalping is a vital tool for all traders to both understand and learn to adapt into their own profitable version for day trading. We'll discuss which stocks are best to look at for scalping opportunities, what your risk parameters should be and most importantly what are the most crucial times of day to be active in the market as a scalper. There are multiple ways to approach the market as a scalper, we'll discuss the art of trading the perfect breakout, finding key levels to take profits and if you're making sometimes hundreds of trades a day, how to control your risk.
Outline:
0:00 - Introduction
0:46 - What is scalping to you? How to define risk.
3:09 - Speed, speed, speed! and fees...
4:15 - Working out your risk plan
7:15 - Finding key levels to "scalp" around
10:30 - Fees and the cost of trading
14:07 - Topic Summary
******
Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
Trading Software: daytradetheworld.com/trading-...
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[@sigrudtokmen]

I'd advise newbie traders to take this video seriously. Trading assets online can be complex and this video did a good job of shedding some light on the path to mastery. However, if unable to trade on your own due to time constraints or sheer inability, there's no better way to go about it than seeking a financial professional.

[@ashleycrawfd]

True, I've learnt quite a lot from this channel. On the other hand the majority of newcomers are overzealous. Only a few will adopt the prudent course of seeking help from experts, and undoubtedly go on to become successful themselves.

[@Sahib__Singh.]

Do you have any recommendations? I'm new to this and I'm looking to grow my income.

[@sigrudtokmen]

I'm only able to speak for my own FA Callum Garfield. I was able to get out of bad debt and supplement my yearly income within a few months of having him handle my investments. I remember my very first withdrawal of 210k like it was yesterday. He can get you on the right path

[@arzu_nuray]

Totally agree with your comment here Sigrud. Even though I didn't begin investing until I was in my late 30s, I was able to secure enough money for both my wife and I to retire. Without the help of a financial advisor, this would not have been possible. Cheers

[@Sahib__Singh.]

@@sigrudtokmen Googled him and found his bio page Leaving him a text right away

[@simonhuber6859]

Best Trading advice on YT so far. Amazing!!

[@Troikaone]

In terms of the FX market, you can scalp 20 pips a day with ease.....if u try to get greedy, the market will crush you on the pullback that you may not have anticipated

[@Scrillazay]

You guys sound like NFL announcers talking about trading. Subscribed

[@MoreTraderTVLive]

Welcome aboard! Catch our live trading show everyday at 8:30 a.m. ET on this channel: kzbin.info/door/n75vF3UxwWeWPAY4-5Z6HQ

[@JessSkubi]

Hahaha! Yasss! This is how I imagine the guys on the chatboards sound or like the movie Wallstreet.

[@ifthenwhatnext]

Which Platform do you guys use? I've been researching direct market access platforms and see so many mixed reviews.

[@Hydrojn]

Such good info tradertv, mobile trade scalp breakthrough whole #'s, buy dips, 🦰🦱🦳 say, 2-5 shares on Amzn or Tsla. 25-50 aapl, trades 10 sec to a min, 25-80 round trips..just enter a trade with a clear stop, not gonna win big but not lose big,

[@MoreTraderTVLive]

Glad you liked it! Please subscribe and stay tuned, we post educational content everyday!

[@MichaelLynMusic]

Thank you guys So Much for this wonderful information and education...

[@MoreTraderTVLive]

Our pleasure! Happy to be helpful! Please stay tuned, we post educational content everyday!

[@bytdca]

LOVE SCALPING

[@guitarpassion1]

Always great topics 👍👍👍

[@MoreTraderTVLive]

Glad you think so! Please stay tuned, we post educational content everyday!

[@chandrashekharahire4798]

Thank you very much for sharing Sir

[@capitocapital]

Great instruction. Easy to understand and well explained in a short video. I just found your channel here and I'm a big fan already.

[@MoreTraderTVLive]

Thanks and welcome! Please stay tuned, we post educational videos everyday!

[@Snapshotmanny]

Thanks guys! Keep the videos going, I’m learning a lot!

[@MoreTraderTVLive]

Happy to be helpful! We will, please stay tuned - we post educational content everyday!

[@HeadstockFilms]

How do you get around the buy/sell spread though? Sometimes the spread is so large its very difficult (retail trading). Those direct market access screens move way too fast for my eyes!

[@MoreTraderTVLive]

Please stay tuned to see more educational content!

[@allenc2289]

I struggle trying to read or watching level 2 . Its like trying to speed read .

[@MoreTraderTVLive]

Level 2 video: kzbin.info/www/bejne/fJCunmmAeNRjis0 Please stay tuned, more great videos are coming!

[@tommybrown2980]

This is a great overview! It's important to have hot keys where your stop is automatically placed and you can bail out completely at any moment without fumbling with orders (cancellations, changes, etc.)

[@MoreTraderTVLive]

It is! Please stay tuned, we post educational content everyday!

[@Impurusable]

Which platform are you using to make your trades?

[@davesanders43]

is this a free service ?

[@rverm1000]

nice explanation guy!

[@MoreTraderTVLive]

Glad it helped!

[@samuelvillarreal4337]

Awesome glad to join you all. I have a GEM I like to share with you. Might be a big winner chicken dinner

[@MoreTraderTVLive]

Sounds great! Good luck with your trades! Please stay tuned, we post educational content everyday!

[@paladdin1500]

Scalping for me is 1:1 risk:reward with 10 cents target meaning you risk 10 cents to make 10 cents, keep your win ratio higher than 50% and you're profitable

[@nimsi3]

Hi, can you please clarify win ratio? In this example if i win 50% and lose 50% on a 1:1 risk:reward wouldn't it break even? will be great if you can please give a few examples so others can benefit as well. Thank you.

[@paladdin1500]

nimsi3 If your win ratio is 50% you’ll breakeven. It has to be higher. For example 60% win ratio, you’ll gain 6R and lose 4R, you keep 2R. Keep in mind that scalping is not for beginner traders. It is very hard. Experienced traders have higher win ratio around 70-80% and even more. The other factor is that you have to cash no less than 10 cents on all your winners. If you cut your winners shorter and let your losers hit the 10 cents stop, even with a 60 % or higher you still lose

[@ricomajestic]

Great video! So how do you decide what profit targets to set and and how much your stop losses should be? In other words, how do you know if your profits targets are too large? How does it depend on the stock that you are trading?

[@MoreTraderTVLive]

Look at the average range on the stock for an amount of time equal to your desired holding period! Please stay tuned, we post educational content everyday!

[@aminghanbari9953]

9:48 lmfaooo

[@MoreTraderTVLive]

Please stay tuned to see more educational videos!

[@aldusnakius3358]

Great content there guys, do you have a suggestion for a low comission broker for EU citizens on MKT orders?

[@MoreTraderTVLive]

Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com Please subscribe, we post educational content everyday!

[@nabubito]

can you do a video with a camera pointing to your keyboard action??? I want to see the combination when scalping

[@MoreTraderTVLive]

Thank you for the feedback! Please stay tuned, we post educational content everyday!

[@jaysonp9426]

Idk why anyone would scalp anything other than leading gappers on high volume. Not sure why this wasn't mentioned but don't scalp stocks that trade like barcodes...the last two examples

[@MoreTraderTVLive]

Thank you for the feedback! Please stay tuned to see more educational content!

[@shantosani]

Which broker provide commission free platform for scalping?. Please let us know which brokers are you guys using in Toronto.

[@MoreTraderTVLive]

Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com Please subscribe to see more educational video!

[@shantosani]

@@MoreTraderTVLive Thank you so much

[@ev4836]

what is your opinion on scalping options?

[@MoreTraderTVLive]

Fees must be low, must select stocks with narrower bid ask spreads. Please stay tuned, we post educational content everyday!

[@thomashenshallhydraxis]

I can watch this a few times. I don’t get the words used in explaining the trade. I wish I could understand. I will keep watching. It’s the small numbers used, we are getting in at a certain number; so I do not understand what numbers, and going long when it looks like a drop

[@MackLife87]

going long when it was dropping because he had his support and resistance lines drawn up, it was selling off from the morning spike, it came down to that level of support and made a bounce back up. a Dip Buy

[@MoreTraderTVLive]

Great approach, learn and practice until you feel confident! Please stay tuned, we post educational content everyday!

[@arcangel1994]

Can anyone help me out? I took 2 trades today 1 on ANTE and another on AUTO float for both were under 15m. For ANTE I bought at 1.28 at 10:02am on flag break and over VWAP, didn't even get to 1r and stopped out at 1.19. For AUTO I bought at 1.51 at 10:52am on flag break and again over VWAP, did at least get to 1r, but could not get passed that and then stopped out at 1.40. Can someone please tell what I did wrong?

[@MoreTraderTVLive]

All trading strategies should be tested before going live with them. Basic patterns and setups do not guarantee success. Please subscribe and stay tuned, we post educational content everyday!

[@JT-wc3hr]

Possibly nothing. Sometimes things don’t work. Size down and keep losing until you learn how not to lose and then keep breaking even until you learn how to win. It’s a long process not a system to follow.

[@weconomytrucking7531]

What indicators are they using the ones with the arrows

[@MoreTraderTVLive]

Arrows sand for entries and exits from the positions; we have this function with ppro8 platform. Please subscribe, we post educational content everyday!

[@weconomytrucking7531]

@@MoreTraderTVLive ok thanks

[@Karfix]

Sean looks like the bass player (Carlos Henrique) for Wynton Marsalis😄😂

[@MoreTraderTVLive]

Please subscribe to see more educational videos!

[@waheed7288]

Ok guys I respect what they say but honestly they are looking at one side of market when its hot with momentum which is not that hard to make money either way day trading or scalping ,but the question is how to you do it when market is chopy for months a stock hardly moves even 10 cents in hours ,if you explain how to trade in such market and how could be consistently profitable I will respect and solute what you guys are talking about

[@MoreTraderTVLive]

REGISTER HERE TO SEE DAILY FREE WATCHLIST: tradertv.live/members-area/ We research all the names that are moving on the given day and put the into that list!

[@tradingnasdaq]

This was a better video. More clearer. Love the channel.

[@MoreTraderTVLive]

Awesome, thank you! Please stay tuned, we post educational content everyday!

[@farhad71414]

The cheapest platform I found is quetrade $5 a trade. How do you guys scalp so many trades in a day and paying few dollars for fees? What platform you guys use?

[@Dsk711]

They use Ppro8, but to answer your first question they have Direct Market Acess DMA.

[@alissamoore4965]

Good video but it doesnt help me i still have lots of losses everyday

[@MoreTraderTVLive]

We would recommend to keep studying and practicing! Please stay tuned, we post educational content everyday!

[@edwardthor7763]

Are you guys in Canada?

[@MoreTraderTVLive]

We are located in Canada, Toronto! Please subscribe, we post educational content everyday!

[@peterpanci78]

Hi can you suggest me a good broker for scalping pleas

[@MoreTraderTVLive]

Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com

[@peterpanci78]

@@MoreTraderTVLive Thank you very much

[@krs1476]

paying $5-$10 per trade? where's this guy trading? I stopped paying comms months ago

[@rossswife1364]

tuff

[@MoreTraderTVLive]

Please subscribe to this channel! We post educational content everyday!

[@lovedayiyalla5417]

How do we get more in depth knowledge ....Great team ..

[@MoreTraderTVLive]

Glad we are helpful! Please stay tuned, we post educational content every day!

[@lovedayiyalla5417]

@@MoreTraderTVLive I do join your life shows and also watch your educational videos. I just want to know if their is a special training program ..Thanks

[@Afridi791]

I am gonna start 5k which one platform is better for

[@MoreTraderTVLive]

Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com

[@Afridi791]

@@MoreTraderTVLive do you have any special course or strategy for scalping or day trading I am interested

[@jennifersanchez1397]

How many trade in Scalping?

[@MoreTraderTVLive]

Please stay tuned to see more educational videos!

[@healthycanadian3604]

The host has an amazing voice!!

[@MoreTraderTVLive]

Glad you like it! Please stay tuned to see more educational videos!

[@jonathansakala8569]

Very informative. 👍

[@healthywildandfree9778]

When did Shawn talk about Wells Fargo (WFC), was that today on the show ? I did hear it today.

[@MoreTraderTVLive]

We tape those video's once a week each Wednesday at 1 p.m. ET so if the live show is referenced its likely from that day! Please stay tuned, we post educational content everyday!

[@manuelplaster9479]

Hy’shqe (Thank You)

[@MoreTraderTVLive]

You are very welcome! Please stay tuned, we post educational content everyday!

[@bs65]

This is gold (platinum actually) !

[@MoreTraderTVLive]

WOW! Thank you, glad you think so! Please stay tuned, we post educational content everyday!

[@wehubb]

Love this. Been doing this for a while now, but great to see such an informative video. Keep up the great work

[@rokeyone1168]

Neal's "fro" wasn't on today's live show tho lol

[@MoreTraderTVLive]

You are very welcome! Please subscribe and stay tuned, we post educational content everyday!

[@eccentricsmithy2746]

Who the hell pays 5 to 10 bucks a trade? So many platforms offering free trading.

[@Solomon_Jedidiah]

Some broker/s prohibit this strategy, they considere it like cheating

[@aviatortrevor]

What is your average return on investment per year (in percentage) for the past 10 years? Any scalpers who have done this 10+ years, feel free to answer. Why would anyone waste their day staring at a computer screen to make trades if their strategy could just be algorithmically running?

[@MoreTraderTVLive]

Please subscribe, more educational videos are coming!

[@keen2461]

If you read your question carefully, you find the answer right there.

[@mistletoe91]

Thanks for video but here in Canada we do not have much choice I guess. TD charge $7.99 per trade. Since you are in Canada, which broker you use to lower fee ?

[@mistletoe91]

By TD I mean Thinkorswim or Activetrader . Thanks

[@MoreTraderTVLive]

Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com Please subscribe to see more educational videos!

[@steveballes5396]

😀

[@edwardthor7763]

I can only start from a little account. I need help to comprehend if the equipment I have if I can possibly trade from it as intraday trading to presume to make a portfolio from trading across commodities,stocks, penny stocks, and kryptos but from micro sized contracts to execute trades. I need help picking out a broker, platform, charting tools because so far as I got their is not one single American broker popping-up as a one stop broker for micro-sized contracts/ fractional shares. I couldn't get enough information and consistency of the information on the internet so I got on the fon(yes I spelled it differently) and called to Ameritrade tooted as being the best for beginners. Ha, what a bunch if shit. The bastard rationed me on the amount of questions I could ask. Every time I thought I knew enough to pick a broker than I start seeing more on types of issues raising questions for equipment, software, platforms slippage, lag, and some other terms regarding position order placing and closing a position trade, initially articles lacking of information on the types of data, data speeds(level2) and position order requirements especially because I am over-the-road needing to do Mobile tradin so without enough money to start many accounts with SEPERATE brokers and then cancel them if they are bad and fight to get your money back at expense while keeping another going and needing to get a vehicle I crashed a little. After-the-fact of a minutes turning you off the first time I clicked on your channel for being akin to a violent hurricane compared to what now clearly looks like beyond over-simplifying trading, I watch you guys because of all the jargon/slang at the fast pace.

[@MoreTraderTVLive]

Thank you for sharing! Please subscribe to this channel, we post educational content everyday!

[@MoreTraderTVLive]

That is okay! Please subscribe, we post educational content everyday!

[@derislbr7811]

Hy boss?

[@MoreTraderTVLive]

Please stay tuned to see more educational videos!

[@dave7134]

Who TF is disliking this video? You folks are beautiful people and I can’t thank you all enough for what you do.

[@MoreTraderTVLive]

Thank you very much for the support! Please stay tuned, we post educational content everyday!

[@laxide13]

oh yes because phycology doesn't matter lol

[@MoreTraderTVLive]

Please stay tuned to see more educational videos!

[@Metodo3]

0:43 this face will resume all the video

[@MoreTraderTVLive]

Funny! Please subscribe and stay tuned, we post educational content everyday!

[@ck1981ish]

You absolutely can scalp effectively without level 2. Wtf is he talking about?

[@MoreTraderTVLive]

Level 2 educational video: kzbin.info/www/bejne/fJCunmmAeNRjis0

[@rickyhay]

Stop shouting!

[@artisanjerkey9183]

The tested dew geometrically dress because rubber uniformly x-ray opposite a attractive fir. cuddly, giddy account

[@mda0214]

scalping is by far the most dumb strategy ever

[@MoreTraderTVLive]

Every trader choose strategies they are comfortable with the most!

[@mda0214]

@@MoreTraderTVLive i agree but its still the dumbest strategy ever. No real Technical analysis just a guessing game based off momentum. Plus you get a horrible roi might as well go to Vegas