The Fastest Way to Become a Profitable Trader (In our 20 years of Experience)

SMB's NEW Scalping Class: scalpingclass.com/
Linked Articles:
Find Stocks in Play: www.smbtraining.com/blog/15-b...
Scalping 101: www.smbtraining.com/blog/what...
#scalping #daytrading #tradingstrategy
00:00 - The Fastest Way to Become Profitable
01:21 - Learn these 5 concepts...
01:46 - Stocks in Play
02:43 - Tape Reading
03:36 - Scalping Strategies
04:30 - Risk Management
08:01 - Best Practices to Improve as a Scalper
08:47 - Simple Scalp Strategy
14:39 - Sit in your seat for ten years
SMB Disclosures www.smbtraining.com/blog/smb-...

[@smbcapital]

SMB's NEW Scalping Class: scalpingclass.com/

[@sl5946]

I'll be checking this out

[@cjdigitallife7611]

Hi Mike, I would like to know ? I know you have Twitter known as X now. You dont have FB, I wasnt sure if it was your or not ? I am a big follower of SMB Capital Trading Videos and I trade with a broker from my laptop. Look forward to your message. Keep on the videos SMB.

[@billyblack3816]

I don’t know what it is, but SMB Capital always seems to drop a video directly related to what I’m dealing with at the moment, every time I hit a bump they come through with the exact video I need 😂

[@joefeinstein6804]

that was my experience too a few months ago so I joined their training. Very glad I did!

[@user-vt5jx4yb5c]

Me too!! 😂

[@danielwestereng155]

Work hard and stay profitable. At least learn to break even. That’s the start!!!!

[@smbcapital]

we got you! 👊

[@antoinehill7791]

Aliens 👽

[@richhands5269]

My three favorite channels: SMB Capital, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@mrmomo3357]

I'm a momentum scalper, NQ futures. Your scalping videos have been a tremendous help to my success. Thank you.

[@teddyw8457]

It takes long long long time to be a good speculator. Longer than 99.9% people think. Thanks for SMB for a shorter path for traders to become profitable.❤️

[@hendrisusanto6864]

Thank you. Have a nice weekend.

[@usa4ever711]

Merry Christmas/Happy holidays to Mike B. and fam and the SMB family and theirs! God bless!

[@CrispinBac0n]

Great message. 1988 Volvo 240 GLT in metallic British Racing Green. Leather seats, seat warmers, BOSE stereo, sunroof, rear wheel drive.....point and shoot.

[@lukasgeissmann4934]

Love the video and appreciate the tough love, just what I needed after not sticking to my risk management and giving back way too much. Appreciate all that you do at SMB! Merry Christmas!

[@ssamuel408]

Thank you.

[@shookmusic3277]

trade micros in a 2,500 drawdown account (apex 50k) 1-2% = about 20 points MNQ maximum stop loss. Reward= 100 point 5R . It's doable but that's more a swing trade. Difficult to pull off emotionally to hold it all day

[@gavnonadoroge3092]

thank you

[@leeles]

Thank you, Mike, for this helpful video. I appreciate how you honestly admit how profitable scalping is. And I appreciate that you put emphasis on the long-run perspective to have a sustainable path as a professional trader with a happy work life, too.

[@nd-kay]

Thank you very much!😊

[@elynno9911]

Always appreciate SMB free resouces 😊

[@danielwestereng155]

Literally today (thursday) and yesterady (wednesday) are the perfect example of Fashionably Late. Freshly learned. Fresh example, Playbooked.

[@yoginacharya2150]

Educational as always 👏

[@QLOVELIFE]

ilove scalping the 10min&1min charts along with 20min&2min charts

[@veer6241]

Wow. Quality content. Thank you

[@smbcapital]

thank you!

[@Dinom-tt5wz]

Absolutely SOLID!! … and so true . Great, timely video

[@smbcapital]

thanks!

[@ABAtrading]

Great video! Thanks a lot you guys have helped me out a lot.

[@smbcapital]

awesome ABAtrading!

[@sundancer7381]

Probably the best trading video I've seen. Inspiring! You make me want to double down!

[@bto9273]

Thank you SMB

[@smbcapital]

you are welcome!

[@khalidhakimi93]

My understanding of the markets is that trading is relative to the events and volatility in a specified timeframe and so it would make sense to be relative in approach, while the word strategy is simply a set of rules or functions where by you pull the trigger, it would make sense to be relative to these functions and relatively pull the trigger

[@CuchBe]

You are awesome.

[@danielwestereng155]

Just play booked a rubberaband one min scalp on the ES on open sunday entry target was at 3:20 Pst measured move target was at 4662.5 hit around 3:40 PST sunday also volume confirmed during the rejection at 3:25 and also during the breakdown around 3:32 thank you players, we out here.

[@flycow69]

Thanks for the video. Because my account is only in mid 5 figure I don’t do stock scalping I do option scalping but cut my loses say on 20 or 30 contracts when I am -25% on a single trade and take profit on 1/2 of my position when I am up 35 to 40% on a trade. So far I can’t complain. Ps I only scalp on large winners and losers of the same day that have over 800 contracts traded or more. Keep those videos coming

[@danielwestereng155]

interestingly enough i have felt the rarity of the rubber banders also. love to see it when i can. lets go!

[@danielwestereng155]

God bless SMB

[@Nicolewhit]

I will forever admit this channel with the help of your lesson's and ideas explanations, Now it's quite helpful while you'll just sit at your comfort and monitor your account growth📊📈

[@rakeshsolanki2342]

Fantastic video....hope would be helpful for me in my Trading account 🙏

[@jhonnyordonez957]

Hello Mike, I hope you're doing well. Quick question - have you ever recommended an average capital with which one could start for people who are beginners in trading? Have you ever mentioned a specific amount, whether in your blog, an interview, or any other medium? What would that amount be?

[@martinheyerdahl9147]

Thank you for this video. Can i ask what software you use to record the screen? Usally these recording software's makes too big files. Looking forward to the next video, thank you!

[@KT-zx9jr]

Merry Christmas Mike! Hope all is well.

[@mbellafiore19]

Merry Christmas to your family and you.

[@KT-zx9jr]

@@mbellafiore19 Thanks Mike! Thanks for the great content in 2023 and wish you and your family and all of SMB the best for 2024!!

[@danielwestereng155]

AMD just played out with a second chance scalp lets go MSFT possibly setting it up currently. target would be 384 God bless SMB!!!!!!!!!!

[@hannsalexis371]

I am really new and also just enroll at SMB training and I can say that every module is a gem and these guys are the best. I am glad and I am putting the extra work to become a CPT. Thank you guys 👍👍

[@F0MCtrader]

What did you have to do to enrol in the training? How much did you pay? Or was it truly free as he said in the video ?

[@smbcapital]

happy to have you with us! 📈

[@smbcapital]

we have some free training and paid if you want to go further. www.scalpingclass.com is a new free mini course we put together. We spent a ton of time developing it. If you have any questions you can email Harry at SMB. hadolphus at smbcap dot com if you need more info@@F0MCtrader

[@hussainamani7636]

So good to see Mike doing a session here after so long! Just a question do you at SMB use inside candles to find scalps? If so where do you ideally place your stops? Thanks. Always good to see MB!

[@justinbridgez]

he literally shows you at 10min mark. yes its very small. hence losing little if wrong. sure, things can vary but..idk. find your places where if it goes there its invaiid and get out. esp with scalping. but it can be a good A+plus regular set up as well. when your stop is very close at a key level that so obvious either it works or you stop out losing like 0.05-0.25cents ( i just made those numbers up for example)

[@nekineki8097]

I guess the real question is, how do you know when to apply what strategy. I believe there are other strategies in the playbook that we could use. What if it was a trend trend day to the downside? Waiting for the support in this case is just resulting in no trade at best. So do you decide what strategy you are going to apply before the day starts, or do you decide for it on the fly in real time as you see the setup?

[@BillyJ10]

Could we get a video dedicated to scalping options on SPY & QQQ. Love and truly value all your content

[@smbcapital]

We did something similar recently on trading 0DTE options intraday. kzbin.info/www/bejne/kGXEZqqhgcukorc

[@kareim27]

Outstanding. And I say this as an FX scalper since 2019.

[@smbcapital]

thanks kareim!

[@jeremyleary411]

Can you go more in depth into what was seen on the tape in that example to get conviction to take the trade? Thanks!

[@smbcapital]

We have lots tape reading videos you can watch on the channel. We are going to be releasing more scalping tape videos. I asked Jeff to do more of that.

[@jeremyleary411]

Thanks so much!

[@ashleymadison9380]

Do you offer any in person training?

[@danielwestereng155]

PG is a possible failed Fashionably late scalp on the past three days but it could become a backside scalp! however maybe not because its not a higher high yet there...... ok

[@nicktolson129]

That's a very sweet black jacket. Where did you get it my brotha?

[@kathygoodwin47]

do you just scalp stocks? How about futures?

[@BillyJ10]

👍

[@Gx-657]

El Capitan!!!!

[@vicpso1]

How much did you buy? Make?

[@sl5946]

I wish I could scalp but its too fast for me I do best on the 10, 15 and 30 minute timeframe

[@danielwestereng155]

the strats translate well to different timeframes.

[@jokerrhe]

How is this 1:6 RR? You're buying at 41 and selling at 43 that's a 5% scalp profit.

[@stelliumX5]

4:33 🙈

[@intra-day-predator3311]

1-5 tho most trades cant get 1-2 😅

[@user-qe2od9ik4w]

I want to trade

[@TheRandomDave]

I don't even care about making money anymore. I just want to be consistent with my performance. I keep doing things that I know I shouldn't do. It's like I become a total numbskull when I trade, especially after a really long green streak.

[@andrecummings13]

Then try shorting instead of going long, hope that helps.

[@loki5074]

I'm totally with you on this! What I've formulated to overcome this is to slow down, reduce the quantity of trades and only focus on high-quality trades as per the playbook. As a result, you're forced to be disciplined and you have plenty room to assess, develop and validate your edge which is what matters in the long run. Just take it slow, try to constantly improve and don't stop ;-)

[@turlur]

They call him Biddy McBidderson

[@dammitbobby283]

This video guidance might not be suitable for beginners entering the world of trading. Day trading, in particular, poses a high risk of encountering the worst-case scenarios, often fueled by the pressure of time constraints leading to panic. Instead, consider beginning with swing trading, where time is not a critical factor. Take a more relaxed approach, as hurrying in stock trading is impractical and counterproductive.

[@dummy4591]

Bella, I truly appreciate all your help. Please accept my sincere gratitude. But you always use the word "deserve"... I've always taught my girls that they "deserve" whatever they don't work VERY hard for. Please make videos that don't make me look like a liar? Thanks for all you've taught me

[@juanvillegas8712]

why a trader that is making 7 figures continue working for others?

[@justinbridgez]

the capital. many other perks as well as order routing and getting paid to provide liquidity, basically opposite of a commission. all the tools pro version top notch computers data. stuff we cant even think of. but mainly the capital and the comradery?. oh. lets not forget the guidance and working with pros to newer people. having one set of eye ball makes it hard to find every stock in play but a group? game changer.. just to name a few things.

[@giovannilouis7947]

Trading is a lonely game

[@smbcapital]

mostly the access to capital and good technology. At SMB we team trade which is a huge advantage. Traders may specialize in one aspect but provide immense value to the entire group. One trader may be focused on building models, another might be great at execution, and another might be great at idea generation. Trader swill have personal accounts but we also started implementing joint accounts.

[@DEFACTO9]

Warning. You have to be very set up for it. Because scalping breeds bad habits. And I would never recommend it for anybody who isn't. Inside a firm. And especially if you are trading alone. Scalping. Is the road to ruin. Don't do this.

[@MNWCHARTING]

You guys aren't really making 6 figures traders if so then hire me who knows nothing about stocks then 🤔

[@justinbridgez]

the number isnt that impressive anyone can make alot of money. and to another comment why do they work there..um the capital. many other perks as well as order routing and getting paid to provide liqiudity, basically opposite of a commission. but mainly the capital.

[@BottomLineUpFront]

*1 to 5 RR, are you serious? As a beginner? Most newbies will lose 95% of their trades if they are only taking profit at 1:5 and you guys know this.*

[@justinbridgez]

literally...wwHHATTT? are you talking about. risk 1 make 5. you can then lose 4 in a row and still be break even. do you even math bro?

[@Paul-fg6mk]

@@justinbridgez When scalping for 2-10 pips, math is irrelevant. He is entirely correct. 1:5 RR is an assured way to blow your account and cause disaster. It's not going to work at all. When scalping, the general rule is that you should be able to win 7-8 trades out of 10 while risking not more than 1% of your account on every trade, day in and day out.

[@AshknFX]

​@justinbridgez yea he said a beginner. Which will lose his brain after 4 losses in a row and probably blow up... that's the real world lol

[@Maitreya888]

Scalping your competing with trading computers. You wont beat the computer in speed and computational processing. Its a losing strategy.