Public Webinar – Scalping Strategies, What Should You Know?
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In this session, FuturesTrader71 will discuss scalp trading and the key elements that you must account for to be a scalper. FuturesTrader71 started his career as a high volume NASDAQ equities scalper and moved to scalping futures markets at his prop shop.
During this webinar we will answer questions such as:
- How traders blow up their account scalping?
- How scalp trading puts us in a fight with algos?
- How beginning scalpers can improve the odds in their favor with the right tools and setup?
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I have a belief that Scalping can be a chance to positively interact with the market when the market is choppy or A+ setups do not occur. Can Scalping increase the number of opportunities to extract profits from the market? Are their scalping “set ups” that occur on a more frequent basis that have favorable R/R? I tend to scalp by “feel” with order flow and that seems out of control. Is there a systematic approach I can take?
Hi Barry, this is a very complex topic you bring up here. For some traders, they may find edge in scalping the choppy/balanced markets where A+ setups are not available, so your belief there is correct. However, not all traders are able to successfully execute in that market condition and may potentially prefer other conditions to scalp. Typically, the different between “scalp” trades and structured trades has a lot to do with that “feel” approach vs systematic/structured approach. That isn’t to say that you couldn’t apply a systemic approach to scalping though. Since you are a Convergent member, I would recommend checking out the Icebergs & Collisions webinar for some ideas, as well as the Advanced Bookmap Techniques webinar. Even if you are not a Bookmap user, it covers several order flow situations that may help you to generate some scalping ideas. As a point of caution though, keep in mind that you do not necessarily need to be trading at a high frequency to yield the financial results you’re looking for. So when reviewing these webinars, perhaps monitor 1 or 2 of these concepts in the market for a while, and resist the urge to have constant engagement with markets until you feel that you are ready and that scalping is a good fit for your personality.