{"id":113041,"date":"2021-02-21T09:40:31","date_gmt":"2021-02-21T17:40:31","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=113041"},"modified":"2024-09-10T07:30:43","modified_gmt":"2024-09-10T14:30:43","slug":"rules-for-scalping","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/trading-strategies\/rules-for-scalping\/","title":{"rendered":"Scalping series: #01 Rules for scalping"},"content":{"rendered":"\n<div style=\"position:relative;padding-top:56.25%;\"><iframe src=\"https:\/\/iframe.mediadelivery.net\/embed\/156715\/949bb1f8-1730-4989-a1d3-a1cd0ce2e1a0?autoplay=false&#038;loop=false&#038;muted=false&#038;preload=true&#038;responsive=true\" loading=\"lazy\" style=\"border:0;position:absolute;top:0;height:100%;width:100%;\" allow=\"accelerometer;gyroscope;autoplay;encrypted-media;picture-in-picture;\" allowfullscreen=\"true\"><\/iframe><\/div>\n\n\n\n&nbsp;\n\n\n\n<p><em>Video duration 28min 05sec.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rules for scalping &#8212; Video transcript<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Introduction<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend-300x169.jpg\" alt=\"Rules for scalping - Trade with Trend\" class=\"wp-image-113049\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend.jpg 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n<p>Hi, everyone. I\u2019m Al Brooks. Thank you so much for your attention. I&#8217;m creating a series of videos on scalping. The first video is going to be about the rules for scalping, and then the other videos in the series will be about how to scalp. I hope that you find the material useful.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">General rules for scalping<\/h3>\n\n\n\n<p>This is the first of a series of videos that I created on scalping. In this first video, I want to talk about some general rules that scalpers should follow.<\/p>\n\n\n\n<p>Today I\u2019m trading with a 2-minute chart. Every bar is 2 minutes. This is 2 minutes later, 2 minutes later, and the red line is a 10-bar Exponential Moving Average. When I\u2019m scalping, I often put up a 10-bar Exponential Moving Average instead of my usual 20-bar Exponential Moving Average.<\/p>\n\n\n\n<p>A scalp, it simply is a quick profit, and you often enter and exit on the same bar. For example, if you sold with a stop 1 tick below the low of that bar, you\u2019d get filled right there. If you were scalping, you might have a limit order to exit with a 2-point profit. And if you did, you would\u2019ve been filled right here, 2 points below your entry, all within the same 2-minute bar.<\/p>\n\n\n\n<p>Can you scalp for 1 tick? No. You\u2019ll certainly lose money. These are minimum sizes that traders should use when scalping. You should never scalp for less than 1 point in the Emini. In the Forex market, you should never scalp for fewer than 10 pips. And for the stock market, you should never scalp for less than 10 cents.<\/p>\n\n\n\n<p>In general, the profit that you\u2019re going to make as a scalper is about half the size of an average bar, and the risk is about the size of an average bar. If you sold below the low of this bar, you might have a stop above the high of the bar. <\/p>\n\n\n\n<p>Now, if the risk is twice the reward, you have to be right 67% of the time just to break even, and that\u2019s excluding commissions and mistakes. You really need to be right 70% or more of the time just to break even, and most traders cannot do that consistently. But a great scalper can win 90% of the time, and he can make a lot of money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Most trading done with small position sizes<\/h3>\n\n\n\n<p>This is a time &amp; sales window for the Emini, and I want you to focus on the size. You\u2019ll see that most of the position sizes are small. This is a 2-second period between here and here. That\u2019s 2 seconds, and this is sampled data. This is not all the trades that took place in 2 seconds. Far more trades took place. However, it shows the point that I want to make: that most of the trading is done with very small position sizes.<\/p>\n\n\n\n<p>You know that 95% of all of the volume traded in the Emini is done by institutions, and 75% of it is done by high frequency trading firms, which are scalping, and they might scalp for 1 tick, or 2 ticks, or 3 ticks.<\/p>\n\n\n\n<p>How can an institution with hundreds of millions of dollars in the account or in the fund make any money by trading one contract? Well, they can\u2019t. But that\u2019s not what\u2019s happening. It might look like that\u2019s what\u2019s happening, but that\u2019s not what\u2019s happening.<\/p>\n\n\n\n<p>The institution is repeatedly trading one contract and building a position. Very often, the position will be several hundred contracts, maybe even thousands of contracts big. You\u2019ll sometimes see a very large position \u2013 maybe 407 contracts or 809 contracts \u2013 being traded, and some of that is from institutions closing their positions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">High frequency trading<\/h3>\n\n\n\n<p>If high frequency trading firms are trading most of the volume and most of them are scalping, shouldn\u2019t you be scalping as well? You know they\u2019re making money. No, you cannot do that because you cannot scalp the way that they do. They have carefully tested algorithms, all their trades are automated, they have tremendous flexibility in choosing their position size. <\/p>\n\n\n\n<p>For example, a trade might end after just five entries, five contracts. The computer may determine that the algorithm is no longer valid and it will exit. At other times, the trade may go on a long time. They may enter 300 times or even 1,000 times before they take profits. So a huge variation in position size. You cannot do that.<\/p>\n\n\n\n<p>If you want to trade like a high frequency trading firm, fine. Get a $200 million account, hire a group of quantitative analysts to write your software, pay them $500,000 each a year, and then you can trade like a high frequency trading firm. Obviously that\u2019s not realistic, and you cannot trade like that, even though most of the trades that you see taking place are traded that way.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Two hours trading on a 2-minute chart<\/h3>\n\n\n\n<p>This is a couple hours of trading. The Emini, 2-minute chart. In general, if you\u2019re looking for a stop entry, you\u2019re looking to trade in the direction of the trend. If the market\u2019s below the Moving Average and you have a bar closing on its low, turning down from below the Moving Average, it\u2019s reasonable to look to sell on a stop 1 tick below the low of that bar. <\/p>\n\n\n\n<p>Here\u2019s another bar turning down from the Moving Average. You sell below the low of that bar. Here\u2019s a third one, and you could sell below the low of this bar. I\u2019m not going to go into the reasons why the probability is less, but if you did sell below that bar, you\u2019d get filled here. <\/p>\n\n\n\n<p>You could scale into shorts, selling more as it goes up as long as it does not go above that bar or the ii, consecutive inside bars. You could take your profit when the market fell back to your original entry price. You could get out around breakeven on your first sell and then, if you scaled in, you\u2019d make a profit on your higher sells.<\/p>\n\n\n\n<p>If you\u2019re looking to buy with a stop, what you want to see is the market above the Moving Average. You want to see a bull bar turning up from the Moving Average, and you want the bar to be closing on its high. Then you\u2019ll buy 1 tick above the high of that bar. Several more examples. Here we tried to reverse, but it\u2019s going back up. A bull bar closing near its high, turning up from around the Moving Average. You buy above the high of that bar and get filled right there.<\/p>\n\n\n\n<p>Sometimes the market is far from the Moving Average and it reverses. Sometimes you can take a reversal trade. An ii, consecutive inside bars, in a bear trend. Often the final bear flag, which means you\u2019ll soon get a reversal. And here we have a decent size bull bar closing on its high. You could buy on a stop 1 tick above the high of that bar, and then get filled here.<\/p>\n\n\n\n<p>I\u2019m going to talk more about these types of trades in Part 2 of this series of videos on scalping.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Most traders should swing trade!<\/h3>\n\n\n\n<p>Now, this is a video on scalping, but most traders should swing trade and not scalp. You need a positive Trader\u2019s Equation, and by Trader\u2019s Equation, what I mean is your percentage of winning trades times the size of your average win has to be greater than the percentage of your losing trades times the size of your average loss. You\u2019re not going to be calculating that every time you put on a trade, but you have to be aware of it.<\/p>\n\n\n\n<p>It\u2019s difficult to structure a trade with a positive Trader\u2019s Equation when you\u2019re scalping because the reward is usually less than the risk, and therefore you need to win more than 70% of the time. In fact, a good scalper is going to be winning 80% to 90% of the time.<\/p>\n\n\n\n<p>It\u2019s easier just to swing trade. If you take that short, you hold onto the trade until the trade is no longer valid. You have a credible buy signal here and you\u2019d get out there. This is a small profit, but sometimes swing trades result in very big profits. Reward\u2019s much, much bigger than the risk, and therefore you can win 40% of the time, 30% of the time, and still make money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">So easy to make money scalping, right? Wrong!<\/h3>\n\n\n\n<p>When you look at this chart, it looks like, \u201cGosh, it\u2019s easy. I sell here, I exit with 2 points here or above this bar, and I\u2019ll make money, and I just keep doing that all day long.\u201d This is 1 bar. Every bar is 2 minutes. This is just a few minutes later, and you\u2019d make a pretty good profit. However, when you look at this chart, nothing\u2019s moving. This is a picture of the market, and a picture can be very different from your experience in real time.<\/p>\n\n\n\n<p>For example, this really good-looking buy signal bar may have been a bear bar, and then in the final second, suddenly closed on its high. And this bear bar closing on its low, may have been a doji bar with a close in the middle. It may even have been a bull bar, and then in the final couple seconds, suddenly closed on the low of the bar. <\/p>\n\n\n\n<p>If you\u2019re looking to place an order below the low of this bar and the market is falling quickly, you don\u2019t know exactly where the low of the bar will be until the bar closes, and by then the market may be several ticks below the low of the bar.<\/p>\n\n\n\n<p>I\u2019m highlighting perfect looking signal bars, but many of them only became perfect in the final second, and it then becomes too late to take the trade, so you\u2019ll end up missing a lot of the very best trades.<\/p>\n\n\n\n<p>Also, you sometimes have signal bars that are perfect until the final second, and then they become bad. So the opposite happens, and you don\u2019t have enough time to think that the market is no longer doing what you thought it will do.<\/p>\n\n\n\n<p>For example, you might be looking to sell below the low of a bar. The bar is closing on its low, and then in the final second, it closes several ticks above the low of the bar, and then you take the short and you end up taking a bad trade. You did not have enough time to change your mind about what you were planning to do.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Like catching a jackrabbit<\/h3>\n\n\n\n<p>Here\u2019s an analogy. Here\u2019s a little statue of a jackrabbit sitting on your desk, and here is a jackrabbit in real life. This is what it\u2019s like when you\u2019re looking at a chart at the end of the day. It\u2019s easy to grab a trade because the bars are not moving. But in real time, it\u2019s like trying to catch that jackrabbit. It\u2019s easy to grab a jackrabbit when it\u2019s a statue on your desk, but it\u2019s not so easy to grab a jackrabbit when it\u2019s running across a field, and it\u2019s not so easy to trade when the bars are actually changing constantly as you\u2019re trying to place a trade.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Professional scalpers<\/h3>\n\n\n\n<p>A professional scalper, he\u2019s going to enter with a stop order when he\u2019s betting on a successful breakout, when he\u2019s looking for a trend. For example, we\u2019re below the Moving Average. We have an ii. We have a bear bar closing on its low. The trader will sell with a stop below the low of that bar, betting that we\u2019re going to go down quite a bit. So he\u2019s betting that the breakout below this bar will be successful, that the market will fall enough for him to make a profit. But that doesn\u2019t always happen.<\/p>\n\n\n\n<p>When he\u2019s buying with a stop, he\u2019s expecting that the market will go far enough above the high of the bar \u2013 in other words, that the new trend will continue far enough \u2013 for him to be able to scalp out with a profit. So he\u2019s betting on a successful breakout. But not all breakouts are successful.<\/p>\n\n\n\n<p>Sometimes a trader will expect a breakout not to go very far, and instead reverse. In that case, he\u2019s going to be entering with a limit order, which is the opposite of a stop order. A stop order, you\u2019re betting the trend will continue. You buy above this bar, betting we\u2019re going to go up. A limit order is betting that the breakout will fail, so you might sell at the high of this bar, betting that it\u2019s not going to continue up and instead it\u2019s going to reverse. Limit order traders often have to use wide stops, and they also often scale in after their position.<\/p>\n\n\n\n<p>So, for example, we have a good reversal up, a big enough bull surprise so that traders will expect at least a small second leg up. And therefore, even though this is a credible sell signal, some traders, instead of selling with a stop below that low, looking for a trend down, will buy with a limit order at that low, betting that it will go only a little bit below the bar and then have a second leg up. Or it\u2019ll go lower, they can buy more, and then we\u2019ll get the second leg up. <\/p>\n\n\n\n<p>So, the limit order bulls betting on a second leg up after this, are betting that if we do go down, we\u2019ll have a second leg up before the selloff makes a new low. So, he\u2019ll put a stop below the low of that bar, this line here. He\u2019ll buy with a limit order at the low of that bar and he\u2019ll buy more lower, maybe 1 point lower, 2 points lower, 3 points, 4 points lower, betting that we\u2019ll get a second leg up.<\/p>\n\n\n\n<p>As I said, he\u2019ll often buy more as the market goes against him. He might buy 2 points below his first entry and then 2 points below that. So, he buys here, he buys more 2 points lower, and then 2 points lower again.<\/p>\n\n\n\n<p>And then when it gets back to his first price, he can get out breakeven on his first entry and with a profit here, 2 points, and with a profit here, 4 points. Or he may hold part or all of his position, hoping that we begin a trend up.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Beginner traders should use stop orders<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/stop-orders\/\" target=\"_blank\" aria-label=\"Beginners should only be trading with stop orders (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Beginners should only be trading with stop orders<\/a> and not scale in. Most traders, in fact, should always be trading with stop orders and they should not be scaling in. You want the market to be going in your direction. You\u2019ll have a better chance of making money. Example: you sell below that bear bar or you buy above this bull bar, looking for a reversal up. You will lose too much money with limit orders scaling in and using wide stops, even though professional scalpers often do that.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Scalper has bad risk\/reward<\/h3>\n\n\n\n<p>As a scalper, your reward is small relative to your risk. That means you have terrible risk\/reward. Every trade has three variables: risk, reward, and probability. Those three variables are what you need to consider when you\u2019re placing a trade. You can look at risk\/reward as a single variable and probability as the second variable. <\/p>\n\n\n\n<p>As a trader, in general you\u2019re either going to have a trade with really good risk\/reward which always has bad probability, or a trade with really good probability which always has bad risk\/reward. A scalper, he has bad risk\/reward, so he needs very high probability.<\/p>\n\n\n\n<p>Look at the lottery, for example. Your state makes money by selling you a lottery ticket. They have a very high probability of being able to keep your one dollar, but they have terrible risk\/reward. Sometimes they have to pay a million dollars to a person who bought a ticket for one dollar.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Improving probability<\/h3>\n\n\n\n<p>A scalper has more risk than reward. He has terrible risk\/reward. He can only make money if he has a very high probability. There are things he can do to increase his probability.<\/p>\n\n\n\n<p>The two that scalpers most often use are they scale into trades \u2013 they add to their trade as it goes against them \u2013 and they use a very wide stop. Some scalpers don\u2019t even use stops at all if they\u2019re very confident about their position. Scaling in and wide stops increases your risk; however, it greatly increases your probability. <\/p>\n\n\n\n<p>Professional scalpers, they trade small. Very small, so that if the market goes quickly far against them, they\u2019re not going to lose more on that trade, than they would on any other trade, and they also will not panic if the market goes far against them.<\/p>\n\n\n\n<p>For example, let\u2019s say the scalper thought this was a Sell Climax, and that this was the start of a reversal up. He might buy the close of that bull bar, but he might want to use a wide stop or no stop at all and scale in. He might buy more a point below that bear bar, betting that this will be the final bear flag and that we will not fall very far.<\/p>\n\n\n\n<p>But what will happen with the beginner? He\u2019ll see 3 bear bars. This body is bigger than that body. This body is bigger than that body, and he\u2019s afraid the market\u2019s going to crash. He\u2019s seeing the market accelerate down and he can\u2019t take the pain. After a few bear bars, he will exit right here and take a very big loss on this position.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Exiting right before trade goes your way<\/h3>\n\n\n\n<p>Beginners, they have an incredible talent at exiting right before a trade goes their way. That\u2019s just the reality. They\u2019re weak traders. Weak traders usually exit right when the market is about to reverse. Once all the weak traders have exited, there\u2019s no one left to make the market go down. As the market\u2019s going down, the weak bulls are selling, selling, selling, and then once you have a very big bar, the final bulls give up and there\u2019s no one left to sell. No more weak traders left, and the market goes the other way.<\/p>\n\n\n\n<p>Now, what would a professional trader do if he bought that close? Well, he\u2019d see the ii, bear bar closing on its low. He knows it\u2019s probably going to go at least a little bit down. He might exit below the low of that bar or he might even reverse \u2013 reverse to short.<\/p>\n\n\n\n<p>Alternatively, he might be confident that an ii is a Triangle on a smaller timeframe chart. If you have a Triangle late in a bear trend, and you get a bear breakout, the market\u2019s probably going to come back to that Triangle later on, so he might hold onto his position and then wait for a bull bar closing near its high, a reversal, and then buy more above the high of that bull bar.<\/p>\n\n\n\n<p>And then when the rally gets back to around his original entry price or below that bear bar, or if the bars start to stall, he might get out. If he did that, he\u2019d have a loss on that entry, he\u2019d be out around breakeven on this entry, and he\u2019d make a profit on this lower entry. <\/p>\n\n\n\n<p>Basically, the whole trade would be a scratch trade. He\u2019d have a small profit. However, by not panicking during a big selloff and being able to do the right thing \u2013 buy more, betting on the reversal \u2013 a scalper is able to avoid a loss on a bad trade and sometimes he\u2019ll make money.<\/p>\n\n\n\n<p>Professional traders, just like beginners have an uncanny ability to get out exactly at the wrong time, professional traders are very good at entering just before the trade goes their way.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Some professionals trade small without stops<\/h3>\n\n\n\n<p>I mentioned that some scalpers are confident about their position and they\u2019ll trade even without a stop. This is because they\u2019re trading small enough; therefore, the risk will never be too great. Most traders cannot trade small enough position sizes, and they cannot use wide enough stops to do that profitably. Therefore, that\u2019s really not an option for most traders.<\/p>\n\n\n\n<p>Remember that beginner. He bought here, he bought here. At some point he has to get out, and 3 big bear bars \u2013 a lot of beginners would get out below that third bear bar. Remember, this beginner has been scalping for 2 points, and here, he\u2019s going to lose \u2013 what is that? 8 or 9 points on that, and then he\u2019ll lose 6 or 7 points on that, so he\u2019ll lose 13, 14 points on one trade, and he\u2019s been scalping for 2 points. So that one trade wipes out six or seven good trades.<\/p>\n\n\n\n<p>A lot of scalpers, when they\u2019re starting out, think that all they need to do is get a little bit better, but they really don\u2019t understand the math. Unless they can use wide stops and scale in and greatly increase their probability, it\u2019s impossible to make a living as a scalper.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trading the 1-minute chart?<\/h3>\n\n\n\n<p>As you know, I trade mostly the 5-minute chart. Now, what about scalping on a 1-minute chart? The problem is you don\u2019t have enough time to make decisions. Just like on this 2-minute chart, everything looks easy. You see the close here, you see the close here. Real time, the bars often look very different before they close. But if you print out a chart at the end of the day, everything looks perfect. But if you\u2019re trading a 1-minute chart, even a 2-minute chart, most traders cannot do it. They don\u2019t have enough time to make decisions and they\u2019ll end up making too many mistakes.<\/p>\n\n\n\n<p>And yes, your stops are not too far away. You might lose 2, 3, or 4 points. However, your account will bleed to death from a thousand papercuts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why these scalping videos?<\/h3>\n\n\n\n<p>Now, why am I making this video if most traders are going to lose money if they scalp? Well, first of all, I get a lot of requests to make videos on scalping. Also, the patterns that you\u2019re looking for when you\u2019re scalping, are the same as the patterns that you\u2019re looking for when you\u2019re swing trading, so it\u2019s an opportunity to practice. The faster you get at recognizing a pattern, the better chance you have to make money. So, it\u2019s good to practice.<\/p>\n\n\n\n<p>It\u2019s important to realize that most swing trades do not go very far. Most of them end up as scalps, and therefore, if you know some basic scalping techniques, you can improve the profit that you make from the swing trades that do not go very far.<\/p>\n\n\n\n<p>Finally, some scalpers are truly great traders and they make an incredible amount of money. It\u2019s interesting to think about what they\u2019re doing. In fact, one of the traders in my chatroom \u2013 he\u2019s been in the chatroom for years \u2013 he runs a hedge fund and he\u2019s an extremely good scalper. I\u2019ve seen some of his results, and I\u2019m confident that he makes 20 or more points trading the Emini everyday scalping. So, it\u2019s interesting and fun to think about what successful scalpers are doing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Closing summary<\/h2>\n\n\n\n<p>I want to go back to the point that I keep making. It\u2019s easier to make money as a swing trader. Swing traders, they can enter a little late, they can enter a little early, they can exit a little late, they can exit a little early. They don\u2019t have to trade perfectly, and they can still make a lot of money. A scalper, every tick matters. <a href=\"https:\/\/www.investopedia.com\/articles\/trading\/05\/scalping.asp\" target=\"_blank\" aria-label=\"They must enter and exit precisely at the right time (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">They must enter and exit precisely at the right time<\/a>. They cannot make mistakes, and it\u2019s really too difficult to do that long term for most people. If you play golf, anybody can hit a great shot occasionally, but it\u2019s really hard to hit 72 of them in a row like a pro.<\/p>\n\n\n\n<p>Scalping and thinking about scalping, it can be fun. Everybody knows that scalpers make a lot of money, and it\u2019s reasonable to think, \u201cHey, why not me?\u201d Well, first of all, you need the ability to do it, and it\u2019s difficult. Most traders do not have that ability. And then equally important is you have to be having fun. Your career has to match your personality if you\u2019re going to do it forever. As I said, most traders will make more money and have more fun swing trading.<\/p>\n\n\n\n<p>Everybody tries scalping at some point. However, you should look at it as a hobby, which means something fun to try. Hobbies cost money, and most scalpers will lose money, or they\u2019ll find it too stressful, not fun. If you do it, only trade a small position size, and do not spend too much time or too much money doing it. Remember, your career is as a swing trader, and that\u2019s where you should be focusing your energy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Scalping part 2 chart introduction<\/h3>\n\n\n\n<p>Look at this chart. It\u2019s an example of scalps over the course of a couple of hours, and on this scalp you can make 2 points, on that one you can make 2 points. If you sold below here, you\u2019d lose 3 points. But when you add all of that up, you\u2019d make about 18 points, $900 per contract in a couple of hours.<\/p>\n\n\n\n<p>In Part 2 of this series, I\u2019m going to go through every one of these trades and explain what is going on.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Close<\/h3>\n\n\n\n<p>Again, I\u2019m Al Brooks. I want to thank you so much for your attention. I hope that you found this information about scalping useful. I also wish you the best of luck in your trading.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Video duration 28min 05sec. Rules for scalping &#8212; Video transcript Introduction Hi, everyone. I\u2019m Al Brooks. Thank you so much for your attention. I&#8217;m creating a series of videos on scalping. The first video is going to be about the rules for scalping, and then the other videos in the series will be about [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":113049,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[132,241],"tags":[127,163],"class_list":{"0":"post-113041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trading-strategies","8":"category-video","9":"tag-scalping","10":"tag-trading-strategies","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/02\/Rules-for-scalping-Trade-with-Trend.jpg","author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/113041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=113041"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/113041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/113049"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=113041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=113041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=113041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}