Scalping Was Hard, Until He Discovered This Little Trick

do you want to know one of the biggest scalping Secrets the trick that dramatically increases the probability of a winning trade before understanding this hidden scalping key trying to scalp

the market will feel hard and your results will likely be inconsistent but understanding and applying this one key technique can change your scalping

results that's how powerful it is so if you've always wanted to know how to scout the market this video was made for you please pay close attention and take

notes on this one it's a special training session for you foreign

[Music] about scalping when I would think oh I can just make a scalp trade here and a

scalp trade there I started tagging all my scalp trades I would look through my Trader view stats at the end of the month and notice that I wasn't really making any money scalping I was taking a

lot of scalp trades but I was either flat or some months a little bit down I was just taking too many trades I was really calling them scalps but they

really were just guesses and oftentimes actually kind of sloppy guesses I've felt the pain of seeing my good trading just eating up by these guesses

these these scalp traits I felt the frustration of losing that consistency in my trading results that I was working so hard to achieve I felt the disappointment that came with feeling

just out of sync with the opportunities generated by the market the frustration was not just me it was happening with a couple other Traders on the desk around me as well so we worked together to

create a system for looking at trading opportunities one that's most effective when applied to scalps it's a specific system utilizing simple but incredibly

effective steps that when followed create a highway to consistent results and take scalping from being hard from feeling like I'm chasing things too

often and hoping they work to letting it be obvious and letting them fall into my lap here's my quick system for scalping you find a stock in play

a stock in play according to our definition is a stock with a fresh news Catalyst an eight plus higher time frame technical level elevated arval we kind

of look for three plus arval these are just stocks that will be liquid you can get in and out of them without too much slippage and typically it'll move away from Price which is super important

because when you're right you can make a nice chunk of money relative to your risk very quickly second we Define a setup this is a simple concept but we respect

that the setup can significantly impact the probability of any trade working and working well examples of setups can be range big dog

consolidation uh day two changing fundamentals Trend Trend trade breaking news trade either positive or negative But be sure you have a setup

on our desk we've started practicing Catalyst setup trade and this applies even to scalps so you have to make sure there's a setup there that you're working with third we really clearly

identify the quality of the intraday levels we've started scaling levels on a scale of zero meaning not significant at all to 10 meaning incredibly significant for

my scalping unless it's a 7 out of 10 I I'm really not paying attention to it a 7 out of 10 I start to focus on the importance of that level you know seven out of 10 can mean a lot of different

things and we hope to get further into that later but for now even just scaling them keeps me accountable to myself and those that I trade with to make sure that I'm not taking a scalp off of a 4

out of 10 importance level or or trying to overvalue price action at a 5 out of 10 importance level if I'm thinking is this a seven eight nine or ten that keeps me in the right place and allows

me to really focus on the price action around those levels number four I'm letting a moment happen where a stock should have broken out or

does break out but not in the right way and then doesn't hold a breakout when I say breakout I mean maybe either a break above the price action or the range that it's trading in or even a break below

the range that it's trading in I'm not predicting this breakout particularly in range break trades I've actually just observing the price action and knowing

since I'm taking a scalp if it breaks out of that range I can probably find my way into the trade later but I'm really letting a moment happen

where it should have broken out this provides a trigger and provides the liquidity needed for me to manage my risk when I say trigger I'll tell you

exactly what I mean I'm observing the price action when it tries to break out I'm observing if it fails if the price

action fails it should have broken out I assume and I believe that I wasn't the only Trader thinking this probably should have Broken Out In fact there were probably other participants in the

market whether longer time frame or even potentially shorter time frame who were involved in that breakout who are involved in pressing that price up into a resistance area where it really should

have just gone all those Traders are instantly in a tough spot and I get to sit there and just think okay what's gonna happen next

what happens next in the fifth step is I take the trade in the other direction when you see it so for a scalp I need to see that moment where it really kind of

should have gone the other way but it didn't and then I can take and wait for that trigger to come in the other direction and take that trade right now I

challenge you to pull up an example of a trade you have made recently or even a trade you you kind of wish you made and we can walk through this system so you can specifically rehearse these

steps and practice putting them in action by the way if you want to learn the top trading setups we use on the desk click the link appearing right now to sign up for our free trading Workshop

now back to the video here's an example I've got from yesterday now I didn't make this trade I had traded this symbol earlier in the day and really wish I would have made this trade

but I always like to review the best opportunities of the day so that's what we're going to do here today first we're finding a stock in play this was a stock with with a fresh earnings day one

Catalyst we're defining a setup on a higher time frame this stock looked like maybe it was a gap and go it gapped it tried to go and it failed hard

in fact it broke above a range and failed so then I'm thinking okay potentially it could trade to the other end of the range on the daily chart so I'm defining a setup as a failed

breakout in this circumstance on top of that this occurred Wednesday afternoon so this occurred after a Fed meeting where we actually had a bit of a switch from a potentially bullish

outcome from the Federal Reserve statement and the press conference to a bearish outcome so I actually had the idea of potentially this is a failed

breakout trade with a negative breaking news trade in the market supporting it I identified the quality of the levels in this case we're looking at that 60 level kind of right at the base of this consolidation

you know to me that's like an eight out of ten it's a psychological level it was an important level from previously you can see how much the price action intraday was bought right at that level

multiple times so I'm watching as this range develops again I had two negative setups with the negative breaking news and the failed breakout so I'm not

really considering is this going to be a long hair all I'm thinking of is if this breaks to the downside how am I going to get involved what setup was super interesting for me I let the moment

happen where it should have broken out you can see on that Arrow right there it really did break out it looks like okay maybe this is actually just gonna grind higher through the afternoon

but really quickly it did not hold that Breakout all that did was provide me with a trigger and it provided me the liquidity needed to manage my risk because I know

as a Trader if I just bought that breakout looking for it to go higher and I I wasn't disciplined and took my stop immediately as soon as it failed if it gets back up there I'm probably going to

want to sell because I'll just feel great that at least I'm not losing money in this trade so I'm thinking about that from a short perspective where I actually have liquidity there because I believe there will be some sellers there

if the price comes back up to that level because they were trapped because they got stuck in that trade so I'm not only thinking okay this might have a probability of breaking lower but I'm

protecting my risk because I understand that even if it does go back up I likely will have some liquidity to be able to get out then I'm just sitting there and letting myself see it I would

be really late to this trade I would let the price actually break the lows I would let the price action consolidate below the lows confirming the breakout to the downside and then I would really

go after it and I would be thinking this is a high probability scalp not necessarily because of the level that it broke or

the price action before it or even the setup it's a high probability scalp because I allowed something that should have happened to try and happen and then fail

and that not only provides me with a really high quality opportunity it provides me with the liquidity to manage my risk if needed and it also provides

me with a really good setup for a really nice risk reward trade so let's quickly review the steps of this system one find a stock that's in play two Define a

setup three identify the quality of the levels around the price action that it's trading four let a moment happen where

it should break in One Direction but it doesn't five take the trade in the other direction when you see it I felt like this was a lot when I started

doing this especially just for a scalp it seemed like so much work but every time I practice this every time I got a good high quality rep with this system I

took a step forward from being a Trader to being a good Trader and taking a scalp from being this frustrating and difficult experience to letting the opportunities just fall into my lap and

then the entry just hit me between the eyes so you're an active Trader not doing as well as you want not doing as well as you deserve and you just can't figure out why you can't become

profitable no matter how hard you try well let me show you why this is your competition the traders in this room this room right here is full of elite

Traders some of them are making seven and even eight figures a year in fact our top guys have made nearly 20 million each in net trading profits in a single year let's head to my office so I can

share more so you're probably used to seeing videos of lavish Trader Lifestyles trading girls trading off of a laptop for an hour a day heck maybe

even 15 minutes a day and then them relaxing on some secluded beach for the rest of the day well all I can tell you is that our Traders train

like pro athletes they live and breathe the markets and are continually working on their trading skills because at our firm that's what we found it really

takes to make it in this game I'm Mike Bella Fury co-founder and managing partner of SMB Capital One of the world's top proprietary trading firms located in Midtown Manhattan and we're

always looking for trading talent to hire and develop and not just to trade in-house on our desks but also to trade from their own home entirely using our

firm's capital and we have numerous Traders doing just that allowing them to make upwards of seven figures trading the firm's Capital without risking their own money but to even get a shot at

something like that you need to have the right training that's why we're doing a new free online presentation in which we share how you can get an interview with

SMB to become an in-house a remote Trader trading firm Capital without risking yours and gaining access to to all of our firms coaching and resources

and the best part you don't have to be a profitable Trader yet in fact we prefer to mold profitable Traders with our methods and our techniques that's why we

have just three simple criteria that can earn anyone an interview we're looking for highly ambitious and determined traders who fit our culture first and

foremost so if you believe that could be you sign up for the free one hour online presentation by clicking the link that's in your top right corner of your screen now