✅ $830 Scalp Trade Full Recap | TRADE #102

hey everybody let’s jump into this trade right here so i’m going to show you a full breakdown on my 830 profit on amd this morning total scalp trade it went pretty well it was pretty quick just two minutes and it was actually might have been just a little under two minutes but let’s check this out i wanted to show you guys first the daily chart on amd so we’re looking at amd you can see yesterday amd had a monster day and so going into today i was looking at this top right here so we’re getting kind of a high point here and now we’re approaching another high point so could it be sort of a double top could it act as overhead resistance possibly so what i thought would happen today out of the open was possibly a pullback price action dropping to the downside now in the current market today i know that we could get that downside push followed by getting it bought up and then breaking to new highs and you can see right now where we’re actually about to do that so we did get that push down this morning and then now we’re rebounding heading higher so with that knowledge let’s flip over to my screen recorder here and i’m also going to flip over to the 15-minute chart because that’s what i like to trade on amd that was about eight hundred and thirty dollars and twelve cents it was a short position coming off this open and i wanna set the trade up for you before i show you the video so my strategy my go-to i like to trade opening range breakups and breakdowns and what i saw here was this last 15-minute candle indicated to me that we were possibly going to go lower it was larger more volume than the previous candles it just looked really nice so i went ahead and i placed my order below this candle’s low that’s kind of what i like to do i like to go anywhere from five to ten cents below the low or high of this last pre-market candle and so when we opened up you can see that’s exactly what happened we had a little bit of a pause which is okay because that allowed buyers and sellers to come in and battle it out that brought a lot of volume to this candle and then we got the drop so let’s flip over let’s show you the video okay so i’ve got the trade up here on amd now you can see i’ve got my order set right here this is the short order and then this is my stop loss i put them together as a bracket because i think that brackets are necessary to get something time stamped in their books in case the platform goes down in case something bad happens i like to have a bracket in there i usually have a target an oco target on this as well but i don’t on this one you can notice that so we’re just a stop loss i’m watching this thing in the pre-market and i’ve got to adjust my position because it just pushed down against me so you can see i’m going into the editor i’m editing the prices i’m going to change that to the current low and then you can see i have a stop limit order on there and that stop limit order right here i adjust that as well because i want to give it a little bit of room sort of a gap where i can get triggered in and get filled if you just have it on the one penny you can get skipped so right now you can see there’s my low i adjusted things current low is 9212 i set my order to trigger at 9206 and i’m just watching the price action play out i like that it’s holding tight and it’s not being super whippy and volume is starting to climb on it i’m going to move myself up out of the way so we can watch that volume down down here you can see right now we’re looking at over 600 000 shares of volume and we’ve only been open not even a minute so i’m looking for this to push down trigger me in and then get a smooth continuation of the downside because i’m going to use an automatic 25 cent stop now the reason i use that is i just keep it standard that number comes from my back tests this trade has been back tested many many times and this is actually trade number 102 so i’m excited to show this to you because i have some solid statistics behind this trading strategy and so let’s just see what happens it pushes up a little which is okay but not lurching it’s still staying calm i like to see that now as it starts to drop i’m looking at the lows again and realized that i was a couple pennies off so i actually make an attempt here in a minute to to adjust my entry point you can see i’m doing that here i was a few pennies off i wasn’t 10 cents i was a little under so i was going to drop it to 9202 but as you can see my p lights up i got triggered in so i just said okay never mind so i’m going to pause this for a quick second and i just want to tell you what i’m about to do here so what i like to do is once i get triggered into this trade i have a stop loss in place i have 1200 shares i’m risking 300 on the trade my hope is to make better than 750 2.5 r’s if you don’t know what an r is i’ll throw up a video here you can check that out but right now i’m adjusting my stop loss because once this trade gets to my 2.5 r if it gets there i like to tr i like to change my stop loss to 2r and that way i know i can lock in 2r and then if it continues to drop i have a bar by bar management strategy that i’ve recently adopted that i’m liking which is allowing me to catch the larger movers without giving back a bunch of profit so i’m going to hit play on this so you can see i’m adjusting my stop loss right now i want to move it to 2r which would be 50 cents so i get that entered in and the funny thing about this trade is that i keep watching it it does get to my 2.5 r and then when i go to change the stop loss price action actually moved back suddenly so i actually put the stop loss in ahead of the price and it just cancels it on me so we’ll watch this and see how it plays out you can see my p l there 422 458 470 i’m just watching this i like that we’re not retracing a lot it’s just gentle it breathes a little bit it pushes down takes a quick rest continues a little lower takes a rest that’s fine with me everything seems really calm and stable volume’s at 1.6 million shares right now and we just keep watching you can see the p l we’re up close to 450 it came back into the 300s for a second but soon it’ll push down and get into the 500s and that’s when i see things starting to open up a little and the other thing to consider here is that this low right here if we break that that’s a good sign that’s sort of pre-market activity low with nothing below it right now so this could break and then keep falling so i’m thinking this could be a larger move but the minute i’m seeing this 633 that’s got me really excited and i want to go ahead and start thinking about moving my stop loss up and here’s my mistake as i go ahead and fire that off i accidentally fired it ahead of my price action so you can see here i got cancelled i actually made a mistake and i want to explain why i did 2.

5 r used to be 630 and that was when i 07:44 - was risking 250 dollars on each trade but today is december 1st so i’m increasing my r value to 300 so i technically should have waited until 750 that would have been 2.5 r i fired it off when it was up 6 30 which is not 2.5 r that was a mistake on my part so when i put that in if i rewind this just a little bit you can see that it fires off ahead of the price action and it gets cancelled because the stop has to go on the opposite side to prevent back floor loss not ahead of the price action so now i’m just naked on it and i decided you know what i’m just going to punch out if i get a push down i’ll just take a nice push into more weakness and i’ll flatten the position you can see i’m up about 950 i fire that off and then if i pause this and move myself out of the way you can see right here that i bought back and closed my short position of 1200 shares had 91.37 which gave me a profit of 830 12. and that’s how it played out it was a nice quick push it did not allow me to get into my bar by bar strategy because i screwed that up if i would have been realizing that 2.5 r was actually 750 not 630 dollars from my old risking 250 i would have probably been able to stay in this trade a little bit longer but as we can see this trade bounced it would have stopped me out so i think i actually got away with extra profit um that wouldn’t have happened if i would have actually played it the way that i intended quick mistake it happens even when you have some experience you still make little mistakes but fortunately this one worked out in my favor and i’m super pumped about that so this is trade 102. tomorrow will be trade 103.

i’m just 09:47 - going to show you the ins and outs of my strategy each day and how i’m doing on the p l and then i’m starting to think about doing an end of the month p l recap where i show you how my month went and we can even break it down week by week and even day by day if you have questions about that so if you have questions drop them in the comments below if you want to see more day trade recap videos subscribe hit the like button and let me know and we’ll see you tomorrow you.