{"id":53972,"date":"2016-05-29T00:22:06","date_gmt":"2016-05-29T07:22:06","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=53972"},"modified":"2018-03-25T03:23:02","modified_gmt":"2018-03-25T10:23:02","slug":"scalp-swing-supplement-income","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/ask-al\/scalp-swing-supplement-income\/","title":{"rendered":"Ask Al: Scalp or swing to supplement income"},"content":{"rendered":"<h2>Supplementing income with trading<br \/>\n BPA trading room Q&amp;A: April 1, 2016<\/h2>\n<p class=\"content-box-green\">Question: I\u2019m a senior looking to supplement my pension by trading. I\u2019m not just looking to make a fortune, just a steady, consistent income. Do you think it\u2019s better for me to scalp, or swing trade, or should I do some of both?<br \/>\n <em>Video duration: 3min 24sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/4c9adfbb1318e7c1c4\/18795dfc3a3099d0?playerTheme=dark&amp;playerColor=' style='position:absolute;width:100%;height:100%;left:0;top:0' frameborder='0' allowfullscreen><\/iframe><\/div>\n<p><\/p>\n<p class=\"caption\">You can also view this video on <a href=\"https:\/\/youtu.be\/46zNmS8sDLE\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Supplement income with scalps and swings<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income.png\" target=\"blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income-300x205.png\" alt=\"ES Chart Scalp or Swing Supplement Income\" width=\"300\" height=\"205\" class=\"alignleft size-medium wp-image-53977\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income-300x205.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income-768x526.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income-600x411.png 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/05\/es-chart-scalp-or-swing-supplement-income.png 853w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Most traders do some of both.\u00a0 I think you should not plan to supplement your income with scalping unless you\u2019re just willing to take one or two trades a day, like buy the 8 close, buy the 9 close &#8212; high-probability trades.\u00a0 But those are a high probability that you\u2019re going to get a measured move up, so it does not make sense to buy the 9 close for a one-point scalp.\u00a0 The odds are 60 or 70 percent that the market is going to go up here [measured move top] before it goes down here [measured move bottom], right? So to me, if I\u2019m waiting for one or two trades a day like this, maybe there are probably at least three of these a week &#8212; you buy the 9 close, you sit around, buy the 9 close, put a stop below 8, and you put a limit order, measured move up right here and you can see that a lot of traders took profits exactly right there.\u00a0 That\u2019s what caused that.<\/p>\n<p>So to me, if I were in your situation, I would look for a swing trade like that several a week. There are several a day that are reasonably good and just try to get one four-point trade a day.\u00a0 Buy the close in here [above 45] if you want, or buy 30, buy above 36 and just use a wide stop down here [below 13] or down here [below 18], and the probability is high that you\u2019ll do well.\u00a0<\/p>\n<h3>Scalping is hard work<\/h3>\n<p>And if you\u2019re talking about scalps, I definitely would not scalp for one point.\u00a0 If you\u2019re scalping, I would scalp for at least two points and not try to take too many trades, and I would not take any of the limit order countertrend trades that I\u2019m talking about.\u00a0 I would only take trades in the direction of the trend and use the appropriate stop.\u00a0 That way you have the highest probability of making money.<\/p>\n<p><div id=\"attachment_45328\" style=\"width: 280px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-45328\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2015\/11\/funny-little-man-holding-bag-of-money-lhs-e1446998539806.jpg\" alt=\"Funny Little Man Holding- Bag of Money\" width=\"270\" height=\"283\" class=\"size-full wp-image-45328\" title=\"\"><p id=\"caption-attachment-45328\" class=\"wp-caption-text\">That little man again.<\/p><\/div>But one-point scalps, it\u2019s really hard to make a living trading one-point scalps.\u00a0 You got to be right 80 percent of the time, 90 percent of the time, and most people cannot do that, and the ones who do have traded for a long time, and most of the ones who do swing trade some of the time.\u00a0 Almost all swing traders scalp some of the time.\u00a0 So sometimes, you\u2019ll look at it and you\u2019ll see a little guy in front of you with a little bag of gold handing it to take, and you say, \u201cNo, I only want big bags of gold.\u201d\u00a0 But sometimes, those little bags of gold are just &#8212; they\u2019re really high probability, so sometimes <a href=\"http:\/\/www.investopedia.com\/articles\/trading\/05\/scalping.asp\" target=\"_blank\" rel=\"noopener\">scalping<\/a> &#8212; even if you\u2019re a swing trader &#8212; is okay.\u00a0 Like, buying the 5 low, right?\u00a0 You can be a swing trader, but you can scalp that.\u00a0 Buying the 11 low, high probability of buyers below.\u00a0 You can scalp or swing trade it.<\/p>\n<p>But my strong advice is not to plan on supplementing your income with one-point scalps because it just takes too long to get to be a really good one-point scalper. And if you\u2019re a senior &#8212; I\u2019m a senior, but it took me a long time to get to the point where I can scalp one point consistently well.\u00a0 I think it\u2019s far better to just look for &#8212; if you are scalping &#8212; two-point scalps in the direction of the <a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/trend-channels\/\" target=\"_blank\">trend<\/a>, or swing trades, look for a four-point swing at a minimum after a strong breakout like 8 close or 9 close.\u00a0 You just place your stop down here [below 8], you place the limit order up here [measured move top], and then go to Walmart and come back in a couple hours.<\/p>\n<p>Okay, hope everybody has a good weekend.<\/p>\n<p><em>Al Brooks<\/em><\/p>\n<p><a title=\"Al Brooks&#039; trading room\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\">Information on Al&#8217;s Online day trading room<\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Supplementing income with trading BPA trading room Q&amp;A: April 1, 2016 Question: I\u2019m a senior looking to supplement my pension by trading. I\u2019m not just looking to make a fortune, just a steady, consistent income. Do you think it\u2019s better for me to scalp, or swing trade, or should I do some of both? Video [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"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":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-53972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"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\/53972","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=53972"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/53972\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=53972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=53972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=53972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}