My Stupid Easy 2 Minute Scalping Strategy To Make $15K/Week

Summary

In this video, Chad Trades shares his proven 2-minute scalping strategy, which has resulted in a 70-80% win rate for him and his students. He explains how he uses clear trends, pullbacks, and specific entry confirmations like volume and MACD crosses to make profitable trades, particularly in the futures market. Chad showcases his trading results with multiple accounts, highlighting the consistency and profitability of his approach. He also provides insights into his daily live trading sessions on Zoom and offers a free community where he shares his trading plans and levels. This strategy is simple yet effective for consistent profitability in day trading.

Takeaways

• 😀 This is a 2-minute scalping strategy that Chad Trades uses religiously for high consistency and a win rate of 70-80%.
• 😀 Chad only trades this strategy because it works so well, offering a high success rate and consistent profits.
• 😀 Many students who have struggled for years to be profitable have found success by following this strategy.
• 😀 The strategy involves clear, simple rules and confirmations, making it easy to follow for beginners and experienced traders alike.
• 😀 Chad trades using multiple PA accounts through Apex Trader funding, with profits averaging $3,000 to $5,000 per day on winning trades.
• 😀 Every trade Chad takes is done live on Zoom, providing transparency and real-time learning for his community.
• 😀 The strategy is based on trend-following and entering trades during pullbacks, similar to how surfers wait for good waves.
• 😀 Volume plays a crucial role in confirming trade entries. Elevated volume after a pullback signals a potential continuation of the trend.
• 😀 Chad uses Hiashi candles to identify trends and entry points, and the MACD is another key tool for confirming entries.
• 😀 To manage trades, Chad uses volume levels as a defense mechanism and trails his stop losses as the price moves in his favor.
• 😀 The strategy emphasizes adapting to market conditions, trading with the trend, and avoiding choppy or unpredictable market situations.

Q & A

What is the core strategy Chad uses for scalping?

Chad uses a 2-minute scalping strategy, which he follows very religiously. This strategy involves trading based on specific set rules, confirmations, and trends, yielding a consistent win rate of 70-80% depending on the month.

Why does Chad only trade this particular strategy?

Chad only trades this strategy because it is highly consistent and effective. It has proven to deliver a good win rate, and many of his students have found consistent profitability after adopting it.

How many accounts does Chad trade with, and how much does he typically make?

Chad trades with 16 PA accounts through Apex Trader Funding. He averages anywhere from $3,000 to $5,000 per day on his winning trades, which leads to an approximate weekly income of around $155,000.

What key elements does Chad focus on when choosing a trade?

Chad focuses on trend analysis, volume, price action, and specific support or resistance levels when deciding on trades. He also uses confirmation indicators like the MACD and Hiashi candles to pinpoint entry points.

What role does volume play in Chad’s trading strategy?

Volume is crucial for Chad’s strategy. He views elevated volume as a confirmation of the trade's strength, helping him decide if a reversal or continuation is likely. Volume acts as a defensive measure, ensuring that his position has enough support.

How does Chad determine whether to trade long or short?

Chad determines whether to go long or short by analyzing the trend and market structure. For example, if the market is at a support level and showing bullish signals like a green Hiashi candle, he will focus on going long.

What is the significance of the MACD in Chad's strategy?

The MACD is used by Chad as a confirmation tool. When the MACD crosses in the direction of the trend (either up or down), it helps validate the entry point, providing further confidence in the trade.

How does Chad manage risk during trades?

Chad manages risk by placing stop losses below key levels like volume zones or previous price action. He also trails the stop as the trade progresses, ensuring that he locks in profits if the market moves favorably.

What is Chad's approach to exiting trades?

Chad typically exits trades when the market hits a new high or at a significant whole number level. He uses a conservative target for exit to ensure a favorable risk-to-reward ratio and to avoid being caught by sudden market reversals.

What does Chad offer in his free Discord community?

Chad offers a free Discord community where he shares his daily trading plan, levels for various markets (such as gold, NASDAQ, and SP500), and trade recaps. The community also serves as a space for traders to network, ask questions, and discuss strategies.