7 Amazing Scalping Trading Tips That Will Turn You Into a Great Trader

[00:02] aka day training addict and i have another good video for you guys amazing scalp and trading tips that will help you become a better scalper so let's get into the

[00:17] if you're new hit that subscribe button hit those like buttons because over here what i do i help struggling traders get to the next level because i know if you're looking at these charts right now

[00:29] sometimes trading it can be hard okay i've been trading these markets for 13 so i'm the guy that's going to help you take your trading career to the next level so please hit that subscribe button hit those like buttons

[00:41] because you know i'm not the only one that's addicted to these markets so let's get into the content okay so the first tip we're going to talk about today is don't fall in love with your trade or bias

[00:57] okay when you are scalping and you open up your chart and you see okay the market is bullish and automatically you're looking for longs but not only that

[01:09] this is a nice trend i can see this go all the way up i can see this go all the way up to this level right here and you're so convinced that price will hit this level so all you're doing right now is looking

[01:24] you are a scalper you have to be able to change your bias if the market is not going your way so let's say that the market is going up right here

[01:37] market is going up right here and you've seen price start to fall okay we are below this moving average and you're seeing price going down and you're seeing price going down so right now a lot of new traders

[01:51] they look at this and say ah you know price is just going down a little bit and they start buying right here okay and then price goes down again and they say ah you know what i think you know price will keep going up

[02:03] so they start buying okay and they have a little profit right here so they take and then they look at this and say you know what this thing looks like it's going to go back to my level that i had earlier so they keep

[02:17] buying and guess what the market goes down okay and it goes down so they get out and they say nah is bullish i'm gonna keep buying and you have to

[02:31] understand when you're scalping you can't go against the market you what the market is doing right now you have to be able to switch your bias know if the market is going to go up okay if you say things

[02:47] know the market's going to go up or it's impossible for the market usually new traders say things like that you anything i've been doing this for 13 years

[03:01] down just by looking at the technicals i possibility okay it's a strong possibility but i can't say i know for a fact or i know or it's impossible guys you

[03:15] you have to be able to change your bias don't fall in love with your bias two no over trading if you're scalping over trading number one is going to stress you out okay so let's say that

[03:30] right here you're selling right here you're buying here you went long you stopped that right buying right here you're just going nuts okay you have to

[03:42] doing this for 13 years the market is not designed to give you six eight ten winners in a row so you have to understand you have to wait for those high quality

[03:56] trades to come up when i'm trading guys i'm like a line then i'm attacking you have to do the same you have to understand the market is not designed to give you

[04:10] you wait for those high quality setups and boom then you attack right i tell my students all the time you're not a trader you are a waiter right so that's number two let's go to

[04:23] number three number three guys do not trade without a stop loss this is very very big i see a lot of new traders trade without a stop loss okay

[04:35] traders trade without a stop loss okay and what's going to happen is eventually you are going to wipe out your whole account right so here's a good example right here we have support support support okay

[04:53] so you are saying all right support support support i'm gonna buy right here because you know i am strong enough to get out whenever the market goes against me okay and what's gonna happen is

[05:08] okay and what's gonna happen is you're gonna have a lot of runs where mental stop is right here so let's say that your mental stop is right here okay area right here you're gonna get out okay you're not

[05:23] gonna get out now you're gonna have a string of winners or a string of trades where you get out but it's gonna be that one trade and trust me from experience

[05:35] i don't know what it is it's just going to be that one trade you're just going i'm just going to hold a little bit longer right and price goes against you okay and you're going to say nah you

[05:49] bounce back up okay so i'm gonna hold a little bit and then again and you're gonna be down so much okay you're gonna say to yourself you know it doesn't make any sense for me to

[06:05] get out this position because i'm down so much i'm going to lose so much so bounce back i know it i know for a fact again going you know i know what the market's going to do and guess what

[06:19] it keeps going down you see the little bounce right here yes yes yes mark is and guess what it keeps going down it keeps going down then next thing you know you wipe out your account guys

[06:31] and you have to understand that you know it's a strong possibility the market will do something like this okay and you have to be out your account with one trade you have to understand

[06:46] the cash that's in your account all your soldiers and you are fighting a war every single day when you are trading the markets so trade guess what you lose the war so don't

[07:01] lose all your soldiers or aka all your cash guys there are going to be multiple opportunities if you take a loser on one trade don't just say okay this one trade it has to

[07:15] work guys don't think like that trust me on this one please use a stop loss because you are not mentally strong enough to say you know what um i'm gonna get out right here

[07:28] okay so this is number three so let's go to number four number four don't put too many indicators on your chart too many indicators will distract you when you're scalping you have to make

[07:42] bands you're looking at your rsi you're looking at your macd so people even have three more indicators on top of these right so when you're scalping you have to understand you have to make quick

[07:54] these indicators right here is going to slow you down right it's pretty much like information overload and a lot of beginners they think that you know indicators will help them you know become better

[08:07] have to focus on price action first and if you want to add one indicator or even two you know you'll be okay to make quick decisions stop looking at five

[08:23] you down you're gonna miss a lot of trades just indicators guys you want your trading to be smooth only indicated that i like is my indicator

[08:37] and not just because it's my indicator is because it's based on price action so this indicator right here is based on supply and demand if you don't know what channel and look up supply and demand secrets and i explain it all but

[08:50] basically you're looking for demand okay and you're looking for price to come back to these areas right here and when price comes back to this area look you're looking for a trade okay so right here we have a

[09:04] okay to the upside and that's what i'm doing every single day okay when i'm trading the markets i'm looking for supply and demand the market is going up so we're just looking at demand but if

[09:18] the market is going down i can actually turn on supply and change the color of the the candles and so on and this indicator i made it from scratch because i trade a certain way when i trade supply and

[09:34] i had my programmer make this indicator from scratch so if you want to get this indicator it actually comes free with my training number five number five guys have a clear

[09:50] plan when you are scalping okay or trading in general because you don't all right um if price comes through this resistance you don't want to say man should i take along here or should i just you know short it right

[10:05] sure because you know yes a loan can actually work buyers actually you know bringing this market up but same time sellers could come in i don't know man

[10:17] i'm just going to press buy you don't want to do that guys you want to have a plan price comes into resistance do i want to sell it do this step two do that you have to have a

[10:31] plan in order to get a clear plan you have to back test have to back test and have stats that's telling you listen your plan okay works and when you trade that plan you have to

[10:44] become a robot you can't go against your trading plan okay you can't go against your trading plan now the reason why a lot of new traders can't come up with a good trading plan

[10:57] is because they don't have enough knowledge they don't know what to look for this is why it's very very important to have a mentor i tell people this all the time

[11:09] let go your ego stop letting your ego get in the way every professional that i know i don't care if it's sports single professional that i know all of them

[11:22] been trained by the best by a professional so they can learn what but make sure it's a person that's actually doing this okay that's actually person guys

[11:36] being cheap especially if you have the money me personally i've been trading markets for 13 years and guess what i'm still buying courses right now i'm buying courses on options

[11:51] i want to learn more about option trading because i know it's going to take forever look for like when i when i do a google search or

[12:04] a youtube search certain things i'm not going to know and search for because i don't know all the terms when it comes to option trading so don't let your ego get in the way

[12:16] that clear plan so you know exactly what to do when want to say oh my gosh is that resistance i don't know man should i buy you don't want that guys it's gonna hurt you when you are

[12:30] scalping okay so let's go to number six number six guys don't add to a losing trade guys this is right what's gonna happen right is you're gonna get away with it a couple

[12:42] of times and the market is very good with teasing you showing you some profits even if you're profits and automatically you as a trader as a new

[12:55] you're gonna think oh man i'm doing something right because your p l is growing but in reality you're doing something wrong get in right here okay and let's say that your target is

[13:09] you will let's say you want to get out around here okay you get in right here the market goes against you you add on okay it goes against you again you add so the market's going up and next you know boom

[13:23] know boom you get out nice winner okay no harm some profits right but let me show you guys another example okay so we have resistance right here okay resistance

[13:38] resistance okay let's say that you say you know what right market didn't go against me again when it comes back to this resistance okay i know

[13:50] every time okay so i'm gonna go short right here right right so go show right there boom the market goes up you know what i'm just gonna add some more

[14:04] you know um i don't think the market's gonna go up that high so right here we should be good um overall the market keep going okay oh my gosh come on please oh man

[14:19] more okay let's go let's go oh shoot all right yeah the mug is going down yes yeah oh shoot oh shoot oh shoot shoot should i get out should i get out um man you know i'm just adding one more

[14:31] right here oh my gosh oh man what i'm gonna tell my wife oh my gosh guys and girls please do not add to a losing position guys right this is why you have to have a stop loss

[14:46] and get out learn how to cut your losers quick especially when it you don't want to make this a thing where you lose all your money on one trade no guys trading is about multiple trades you

[15:02] have to understand it's about multiple trades forget about you took a loss on one trade guys it's just one trade that's it so don't focus on one trade don't add to a loser

[15:15] okay and make sure you follow your rules so let's go to the last one number seven no distractions okay so if you're scalping you don't have time to look at facebook instagram youtube guys because you're going to

[15:31] you see the market going up you want to take it along okay and you see the you're saying to yourself if the market breaks out of this i'm gonna take this break out okay so you look at this and next

[15:44] you or you get an alert on instagram and you start to and you're looking at this hot chick or you're on youtube or facebook and and then you look up and then the market pops up okay so let's say

[15:59] you're right here and the market starts to pop up and you're looking at this like oh my gosh that's money guys that's money in your pocket and you

[16:13] you want to be on instagram you want to be on facebook you want to be on youtube that's no good guys so please no distractions guys this is it this is the end of this video i hope you guys enjoyed this video

[16:27] i hope you guys got some value out of this video if so hit hit that subscribe button follow me on instagram join my free telegram group watch more videos on

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[16:54] thanks a lot again for watching this video and have a great day