Structuring Your Scalpe

Excellent video from an NYC trading desk

SMB Capital occasionally drop some awesome trading videos and this is one of them.
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As Bella says at the beginning – “Profitable scalping is all in the details”
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​Highlights:
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​The desk decided they needed to get better at scalping, so they focused on building several playbooks and rules to structure the scalps correctly.
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They like to have a combination of Catalysts AND setup.
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Some setups they like:

  1. Volatility in range
  2. Trend Day
  3. Break Out
  4. Day 2
  5. Balancing
  6. Trending
  7. Overextension
  8. Fresh news
  9. Failed break out
  10. Steve’s 20-minute rule

Oh and this: “Back away from your trading when you don’t have edge.”