200 trading hours later, I found something that works for me: "Super-Scalping"

Summary

The video script introduces 'super scalping,' an intense, fast-paced trading strategy focused on micro Nasdaq futures contracts. It emphasizes trading small market movements with dynamic thinking and constant adjustment of expectations. The strategy involves using Average True Range (ATR) to determine order sizes and requires a contrarian mindset, focusing on short-term price action rather than long-term trends. The presenter candidly discusses the mental challenges of this approach, including the need for high impulse control and emotional intelligence, and shares personal experiences to illustrate the strategy's application in various market conditions.

Takeaways

• 😲 The speaker introduces 'super scalping', a unique trading strategy that involves rapid, small-scale trades on micro Nasdaq futures contracts.
• 📈 They emphasize the importance of adapting to the market's immediate behavior rather than predicting long-term trends.
• 💡 The strategy focuses on riding small market waves, using Average True Range (ATR) to determine order sizes and entry points.
• 🤔 It requires dynamic thinking and constant reassessment of market direction, which can be mentally demanding.
• 🚫 The speaker is transparent about the strategy's challenges and does not claim it to be a 'get rich quick' scheme.
• 📉 The approach changes based on whether the market is consolidating or showing meaningful directional movements.
• 🔍 Price action is categorized into two types: consolidation and meaningful directional movements, each requiring a distinct trading approach.
• 🛑 The speaker advises against setting stop losses within consolidation zones to avoid low-probability trades.
• 💼 The strategy is described as being like 'flying a kite in a tornado', indicating its high-risk nature.
• 💭 The mental aspect of trading is highlighted, with the need for emotional intelligence and impulse control.
• 💼 The speaker discusses the importance of being contrarian and realistic with profit targets, focusing on small, consistent gains rather than large, infrequent wins.

Q & A

What is the 'super scalping' strategy mentioned in the script?

Super scalping is an intense and fast-paced trading strategy that involves making numerous small trades by riding the small waves in the market rather than waiting for big structural changes. It requires dynamic thinking and constant adjustment of trading beliefs.

Why does the trader avoid using indicators in their super scalping strategy?

The trader avoids using indicators because super scalping focuses on immediate market noise and short-term price movements, making long-term predictive tools like indicators irrelevant for this high-frequency trading style.

What role does the Average True Range (ATR) play in the super scalping strategy?

ATR is used to measure market volatility and to determine the bracket order size. It helps the trader to adjust the stop loss and take profit levels according to the current market conditions, allowing for more flexible and responsive trading.

How does the trader handle the mental aspect of super scalping?

The trader acknowledges the mental challenges of super scalping, which requires high focus and quick decision-making. They mention the importance of emotional intelligence and impulse control, and suggest that overthinking can lead to poor trading decisions.

What is the trader's view on trading styles that don't align with their personality?

The trader respects different trading styles even if they don't personally align with them, emphasizing that not everyone will be suited for super scalping due to its intensity and the need for a specific mindset that can handle high-paced decision-making.

Why does the trader believe that setting an auto break-even on trades might not always be beneficial?

The trader has found that moving the stop loss to break-even plus a little bit often results in missing out on larger profits, as the trade closes at the break-even point and then continues in the original direction of the trade.

How does the trader decide when to enter and exit a trade in the super scalping strategy?

The trader enters and exits trades based on their assessment of the most likely short-term price movements, using market volatility and price action to determine the timing and the size of the bracket orders.

What is the significance of trading during the market open in the super scalping strategy?

Trading during the market open is crucial for super scalping because that's when volatility is typically the highest, providing more opportunities for small, quick trades that the strategy capitalizes on.

How does the trader approach trading during periods of consolidation versus periods of meaningful directional movements?

During consolidation, the trader focuses on being contrarian and trading the small fluctuations within a tight range. In periods of meaningful directional movements, the approach shifts to following the trend more closely, with the expectation that price will continue to move in the new direction.

What advice does the trader give regarding the use of bracket orders in super scalping?

The trader advises using bracket orders with set targets for take profit and stop losses for each trade, and emphasizes the importance of adjusting the size of these orders based on current market volatility and price action.

Outlines

00:00

🚀 Introduction to Super Scalping Strategy

The speaker introduces a unique trading strategy called 'super scalping,' which focuses on making numerous small trades in a fast-paced manner. Unlike traditional trading methods that aim for significant market shifts, super scalping capitalizes on minor price movements. The speaker emphasizes the importance of dynamic thinking and adaptability, as well as the use of Average True Range (ATR) to determine trade size. They also discuss the psychological aspects of trading, highlighting the need for self-awareness and the challenges of maintaining a contrarian mindset.

05:01

📊 Adapting to Price Action in Super Scalping

The speaker elaborates on the two categories of price action in super scalping: consolidation and directional movement. During consolidation, the strategy involves making trades within a confined price range, whereas directional movement allows for setting profit targets in new areas. The speaker stresses the importance of identifying the type of price action to adjust trading approaches effectively. They also share personal experiences and learnings, such as the pitfalls of trading consolidation with a directional approach and the need for constant adaptation to market changes.

10:02

🔍 Deep Dive into Trading Techniques and Mental Aspects

This section delves deeper into the technical aspects of super scalping, including the use of bracket orders with set targets for take profit and stop losses. The speaker discusses the importance of volatility in determining trade size, using ATR as a guide. They also touch on the mental challenges of trading, such as the need for emotional intelligence and impulse control. The speaker shares insights on how to develop intuition for trading through practice and reflection, and the importance of being contrarian in certain market conditions.

15:03

💡 Overcoming Obstacles and Personalizing the Trading Approach

The speaker reflects on the discretionary nature of super scalping and the challenges of overcomplicating the strategy with too many rules. They discuss the importance of personalizing the trading approach to one's unique strengths and weaknesses. The speaker also addresses the issue of commissions and their impact on profitability, particularly when trading micro contracts. They provide a hypothetical scenario of how the strategy could be profitable even with the consideration of commissions, emphasizing the need for adaptability and constant learning.

20:04

🌟 Embracing the Intensity and Finding the Right Trading Style

In the final paragraph, the speaker acknowledges the intensity of super scalping and how it may not be suitable for everyone. They draw parallels between the strategy's demands and the ability to multitask or focus intensely on activities like video gaming. The speaker encourages traders to find a style that resonates with their personality and cognitive abilities. They also share personal anecdotes about their capacity for handling high-intensity tasks and how they leverage this in their trading approach.

Keywords

💡Super Scalping

Super Scalping refers to an intense and fast-paced trading strategy that involves making numerous trades on small price movements. It is characterized by its dynamic nature, requiring constant adjustment to market conditions. In the video, the speaker describes this strategy as a 'computer-like' approach, focusing on riding small market waves rather than waiting for significant structural changes. The strategy is exemplified by the speaker's trading on a micro Nasdaq futures contract, highlighting the need for quick decision-making and adaptability.

💡Bracket Orders

Bracket orders are a type of order used in trading that involves setting both a profit target and a stop loss for a trade. This strategy is used to manage risk and lock in profits. In the context of the video, the speaker uses bracket orders to automate their trades, entering both a stop loss and a take profit simultaneously, which is crucial for the super scalping strategy that operates on small, quick movements in the market.

💡ATR (Average True Range)

ATR is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. It is used to adjust the size of the bracket orders in super scalping. The video emphasizes the importance of ATR in determining the appropriate size for profit targets and stop losses, ensuring that the trader is not asking too much from the market in terms of price movement.

💡Price Action

Price action is the movement of an asset's price over time, reflecting supply and demand dynamics. It is the primary focus of the super scalping strategy discussed in the video. The speaker breaks down price action into two categories: consolidation and directional movements. Understanding price action is crucial for the trader to decide when to enter or exit trades, as it provides insights into the market's immediate behavior.

💡Consolidation

Consolidation in trading refers to a period where the price of an asset moves horizontally within a range. It indicates indecision in the market. The video explains that during consolidation, the trader should adjust their bracket order size to be completely inside the price's range, focusing on small movements and not expecting significant price changes.

💡Volatility

Volatility in trading refers to the degree of variation in the price of an asset. It is a key factor in the super scalping strategy as it influences the size of the bracket orders. The video mentions that the trader should adjust their trading size based on the current volatility, as higher volatility allows for larger potential moves, and thus larger bracket orders.

💡Stop Loss

A stop loss is an order placed by a trader to sell a security when it reaches a certain price, typically used to limit potential losses. In the video, the speaker discusses the importance of setting stop losses that provide a 'wiggle room' for the market to move without being triggered too easily, which is essential in the fast-paced nature of super scalping.

💡Take Profit

Take profit is an order placed by a trader to sell a security when it reaches a certain price, typically used to lock in profits. The video emphasizes the need for realistic profit targets in super scalping, suggesting that traders should aim for small, consistent gains rather than trying to catch a 'home run' trade, which can be risky given the strategy's focus on small price movements.

💡Mental Side of Trading

The mental side of trading refers to the psychological aspects that impact a trader's decisions and performance. The video discusses the challenges of maintaining focus, adapting to changing market conditions, and managing emotions, which are critical for success in the high-stress environment of super scalping.

💡Contrarian Trading

Contrarian trading is a strategy where a trader goes against the prevailing market trend. In the context of the video, the speaker mentions that being contrarian is essential in super scalping, especially during consolidation, where the trader might short a pop-up or go long after a drop, betting that the price will return to recent levels before continuing in the same direction.

Highlights

Introduction to the 'super scalping' trading strategy, a fast-paced, intense method focused on small market movements.

Emphasis on trading micro Nasdaq futures contracts and the importance of adapting to market conditions.

Explanation of the 'super scalping' approach, which involves riding small market waves rather than predicting large structural changes.

Use of Average True Range (ATR) to determine order size and the focus on short-term market movements.

Candid admission of the high failure rate in traditional trading jobs and the speaker's decision to forge a unique path.

Discussion on the importance of dynamic thinking and the need to constantly reassess market predictions in 'super scalping'.

Honesty about the strategy's volatility and the speaker's intention to be transparent about its challenges.

Comparison of 'super scalping' to other trading styles, such as supply and demand or swing trading, and the acknowledgment of personal trading preferences.

The concept of price action being either consolidating or making directional movements and how it influences trading decisions.

Advice on bracket order placement during periods of market consolidation and the importance of not being 'stupid' with trade setup.

Mistakes to avoid when trading in consolidation, such as improper stop loss and profit target placement.

The necessity of reading price action correctly to adjust trading approaches and bracket orders for success.

How to identify and trade during periods of high market volatility, with examples from the speaker's experience.

The psychological aspect of 'super scalping' and the importance of emotional intelligence in managing trading decisions.

The role of intuition in 'super scalping' and how it develops over time with experience and reflection.

The importance of being contrarian in trading and the challenges it presents to conventional market thinking.

Discussion on the practicality of 'super scalping' for various financial instruments like stocks, options, Forex, or crypto.

The impact of commissions on the profitability of 'super scalping', especially when trading micro contracts.

The speaker's personal trading setup and the rationale behind the choice of time frames and chart configurations.

Final thoughts on the adaptability required for 'super scalping' and the speaker's encouragement for traders to find their own style.

Transcripts

I've called this strategy super scalping

just because I've never seen anyone

trade like this but please let me know

if this is how you trade in the

background what you are watching is me

trading this intense and fast-paced

style on one micro Nasdaq futures

contract that channel is in the

description I'm going to cover literally

everything because this is for the

benefit of both you and I I have no

interest in following the same path that

everyone else does in a job with a 98

failure rate so I've decided to learn

through trial and error tons of notes

and lots of reflection essentially super

scalping is an almost computer-like way

of trading instead of going for big

structural changes in the market we are

riding the small waves that it takes to

get there I don't care where the market

is going to be in 10 minutes I look at

how big the candles are use ATR to

choose a good bracket order size and

then I jump into a trade thinking about

which direction is most likely to happen

next it requires extremely Dynamic

thinking and constantly switching what

you think will happen next but we'll get

into the mental side and everything else

later we are going for very small moves

and not asking price to do too much

first some brutal honesty because I'm

not here to sell you a course don't be

dumb hopefully this is the style that

I'll stick with for a while but you

never know just like some of you might

hate the idea of trading like this which

is fine personally I hate the idea of

trading supply and demand or swing

trading yet I don't disparage certain

styles of trading just because it

doesn't suit my own narrative and

personality this is very intense and

we're all built differently I'm not

worried about offending the people who

act like this because that would require

them to be self-aware your Edge might be

in a more methodical and systematic

approach where you're taking a couple

very calculated trades trains trades

only when the structure of the market

lines up with your system perfect that's

great super scalping is a bit more like

flying a kite in a tornado which also

works price action has been a bit of a

mystery to me so far on one hand I

thought I needed lots of direction from

very few candles to make it work but

recently that's changed super scalping

can be done when it's actually moving

somewhere as seen in the bottom picture

but it can also be done when nothing is

really happening as seen in the top

picture however if you don't properly

read price action to change the way you

approach trading it and the way you

position the bracket orders then you

will be destroyed so what does that

actually mean for the sake of this

trading style and video I've broken

price action down to two categories

because that's pretty much how it is

when you simplify it price is either

staying in the same area and

consolidating or it's making meaningful

directional movements everything it does

is some combination of the two we can

expect certain price behaviors and can

make mathematical assumptions based on

what's Happening picture a trend and

then picture consolidation obviously you

wouldn't trade these two the same with

super scalping this idea still applies

when price is staying in the same area

that means you need to make sure the

bracket order size is completely inside

where price is staying most of the time

in consolidation it's literally maximum

stupidity times 10 to go long with a

stop loss inside the zone and a profit

Target outside of it in this strategy I

know this from personal experience and

from reflecting on how dumb everything I

did was you can see the trade entries

and exits in these pictures but just

ignore them think about the fact that

you're asking price to make an exception

this one time if your trade idea

requires a candle to break the pattern

so when price isn't moving much neither

should the targets and stop losses

expect price to continue what it has

been doing until you're proven otherwise

trading and consolidation means you

basically need to be like a support and

resistance algorithm you don't need to

perfectly execute every bounce off of

everything but there's still a ton of

movement going on in consolidation as

long as your entries are good there are

always waves of back and forth going on

this Strat has nothing to do with where

you think price will be in five minutes

or even just one minute from now this is

trading the chaos with good risk

management but we'll get into that later

this section is just about trading and

consolidation essentially don't be

stupid think about where price is most

likely to go next based on what it has

been doing only very recently it's more

likely to go where it's already been

instead of to somewhere new so use that

additionally I've found that in it only

works when your entries are really good

they need to be good in order to clearly

skew the risk reward ratios in your

favor this means shorting at the top and

entering at the bottom rather than

waiting for a red candle to turn green

somewhere in the middle to go long

obviously this is hindsight looking at

these pictures but I drew two zones to

show you where price has been most of

the time perfect entries would not be

inside of the zones or at least on the

extreme edges if you go long at the top

or short at the bottom then you're

taking a super low probability trade and

asking too much of price in

consolidation your trades are based on

the assumption that price will return to

where it's been you have to be

contrarian instead of following it which

can be a little scary and almost feel

counter-intuitive sometimes for some

reason maybe not to some of you also I

don't actually draw rectangles while I'm

trading consolidation is too Dynamic to

put it in a box both literally and

metaphorically then we get to price

action where it's actually moving

somewhere up until episode 43 I thought

this was the only tradable price action

I even had a picture of consolidating

price action with a note that said this

will kill you when price is actually

moving somewhere the approach we took in

trading consolidation has to flip

suddenly it becomes more likely that

price will go to a new spot instead of

hanging around in levels it's been at

for a few minutes this means that profit

targets can be put in new spots without

it being an extremely low probability

and stupid decision this is the action

where maybe we can even catch a slightly

bigger move but don't be too greedy

essentially just understand that the

approach we take in super scalping is

unique to what price action is doing so

identifying which part of the spectrum

of consolidation to meaningful movements

it's on is the most important part in a

way when there's Direction it can almost

feel easier to read but it's probably

not more likely it could just be easier

to look at in hindsight and think about

all the ways we should have won every

trade all the types of price action are

tradable with the right amount of

volatility since I've demonstrated this

to myself I just didn't fully understand

how different my Approach needed to be

based on what price action was doing

instead of only trading when it's

behaving one way just trade it all the

time but adjust the approach based on

what's happening or don't you know

whatever at the end of the day if you

find yourself only doing well with one

type and obviously stick with that and

become an expert in that alright so base

your profit Target and stop loss

location and size on which part of the

spectrum price action is currently at

however all that stuff about price

action is only half the puzzle and I

cannot emphasize the importance of that

which we'll get into in a sec

consolidation ends but so does

directional price action I've caught

myself a few times trading as if price

was still actually going somewhere when

it had clearly gotten into a range for a

few candles if

if you are trading with the approach we

take for directional price action and it

starts consolidating suddenly you'll

just get stopped out for a loss every

time because price is no longer moving

to New areas I love this picture because

it perfectly demonstrates everything I'm

talking about I had three break even

trades I think in this consolidation why

did that happen because I was trading

consolidating price action yet entering

in the middle and putting Targets in new

areas it's really hard in real time to

actually figure out what kind of price

action is going on so it's not like

you're going to instantly know how to

approach it however over a series of

Trades you'll have a pretty good idea

about what's working and what's not so

after three bad trades I actually caught

a 16 point trade going short I put the

profit Target a few points below the

recent low since the NASDAQ loves

breaking recent highs and lows by a few

points before coming back up a little

bit whatever happens after that I don't

care but I know I'm taking a high

probability trade just going for a few

points above or below a pivot whether it

continues that way or completely

reverses I only care about debris moment

inside of that price action that will

most likely happen regardless of the

eventual outcomes I then shorted again

and got greedy having a trade nine

points in profit become a two-point loss

doing that a couple times completely

ruins the profit of catching a home run

which is why I'm currently just trying

to hit singles and small trades instead

of catching a big move anyways I just

wanted this picture to demonstrate how

the trading approach needs to be

extremely adaptive because the spectrum

of consolidating or actually moving

somewhere is constantly changing moves a

lot moves a little goes nowhere moves a

little moves a lot you get the picture I

use ATR to decide which bracket order to

use from this picture you can see all

the different names also I enter with

Market orders the style is too fast

paced for limit orders to be viable the

first number is how many points the stop

loss is and the second number is how

many points the take profit is and

obviously if you want you can use that

to see what the risk reward ratio is

when I buy or close two orders are

submitted at the same time to automate

the trade trade sometimes I'll move the

take profit a little further away and I

only ever move the stop loss closer to

the entry the volatility of price action

changes so the size of the take profit

and stop loss need to adjust with it

obviously I go to the bigger bracket

orders as volatility goes up the two and

three bracket might work great at 11 30

but doing that at 9.50 would be stupid

and terrible you would just be getting

stopped out instantly if 5 and 6 can be

great in the morning nice and reasonable

not asking price to do too much and

finding a good balance with what's most

likely to happen next however that would

be dumb to do at 10.50 on most days

that's because your take profit and stop

loss would be too far away which is fine

but that's not super scalping now that

I've been trying this just a couple

minutes after market open when

volatility is the highest the five and

seven bracket order can be a great

choice as well super scalping is all

about adjusting those order sizes so

that you're trading the waves that

happen inside the channels of price

action whether that channel is moving up

or down or sideways we're going back and

forth and back and forth many times per

minute or however often makes sense on

that specific day in that specific

moment in all the trades I do the profit

Target is always higher than the stop

loss I'm still experimenting with all

that and figuring out what's best but I

think for now it's just about making

sure the stop loss is the perfect amount

it needs to be big enough to not get

taken out instantly and it can't be

small enough where you're needing to be

right at that very moment about where

price will go next it needs just a tiny

tiny bit of wiggle room from there the

profit Target should go in a spot where

you're not asking price to do too much

singles instead of home runs I'm trying

to constantly think about which line on

the chart price is more likely to go to

before going to a different line aka the

stop loss and take profit which is what

the hot tub video I made in the top

right is all about that video kind of

sucks though don't watch it in a

scalping approach like this where a

bracket order with set targets for the

take profit and stop losses used for

each trade how many points away the

entry that those orders should be is

constantly changing this is because if

volatility is low we go for small moves

if it's high we go for bigger moves

what's happening with price action is

still the same except the equivalent

moves are happening more or less

intensely price action remains

relatively the same except how far up

and down it goes is different every day

that means we can use the ATR to read

the volatility of each candle in order

to decide what bracket order size to go

for think about sound when you sing a

note the distance between waves is

reflective of that but when you get

quieter or louder AKA more volatile the

height of those waves change remember

it's still the same except it's just a

more intense version of itself huh

like that one

besides obviously needing to slowly

develop the intuition on how to learn

like this just like in any trading

system which will take a long time the

mental side of this could potentially

destroy some people this is especially

true if you have poor impulse control or

slash and low emotional intelligence if

you want to understand research-backed

science about how the brain works so you

can have an accurate understanding about

how to learn how to trade then click the

video in the top right anyways I find it

funny to see how intense this is yet I

feel so much better psychologically and

physiologically than I did when trading

some more conventional Styles the most

important part of this trading style is

being dynamic in your thinking it

requires constantly switching your

beliefs about what will happen next and

this aspect of it is specially tested

when the trade doesn't go your way in

the same way that you can get into the

flow of everything for a few minutes you

can also get stuck in a loop of being

wrong on literally every trade which I

have done on my actual trading account

but that video is only on patreon if you

want to see me at my worst it's going to

cost you four bucks buddy

sometimes you just aren't in tune with

what's gonna happen next in these short

moves and all the fluctuations what the

fluctuate stop when you need to go nuts

on the chart and don't overthink it you

can't overthink it because that would

imply that you actually know what's

going to happen next like what that what

would you be analyzing we can only make

guesses with good risk management until

we actually develop some intuition which

takes hundreds to thousands of hours for

example if price is slowly going up and

you go long after a little pullback

would get stopped out you then have to

accept that you are wrong and

immediately move on then you decide

whether it's smarter to just follow the

pullback or to try going long again or

wait this is something that we learn

through intuition so obviously I don't

just have an answer for you that that

was a hypothetical question that's not

something you'll hear from all the

trading YouTubers though this is just

one of the things you should be focusing

the learning on also if you want to

learn what flow is which is real Topic

in Psychology click the video in the top

right

don't no don't watch it now watch it

after actually take notes and do

Reflections using data you can just

learn by half never mind the market

doesn't care how you feel Futures don't

care about your feelings I'm saying

another big aspect of super scalping is

being contrarian I'm pretty tired I read

that as being a library a librarian

sometimes you want to just follow the

candle but since we are trading the

noise between structural Market changes

rather than the structural changes

themselves back and forth is constantly

happening while these directional moves

are going on

he's him so sometimes you're shorting as

a candle pops up or going long right

after a candle drops down you can sort

of think of it as regression towards the

mean or just betting that the candle

will return to a recent spot before

continuing or actually reversing whether

or not a red candle comes back up and

then continues going that direction for

a long time is irrelevant the thing we

focus on is that there's a good chance

it will it will at least come up a

little bit before either going back down

or further up being realistic with

profit targets rather than trying to

catch a home run trade is essential that

part of the system probably gives me the

most trouble I get greedy sometimes

trying to grab a couple more points and

that usually just turns what would have

been a decent win into a loss of course

this is also dependent on the price

action if it's chopping back and forth

in consolidation then being contrarian

is the way to go if price action is

making meaningful directional moves on

each candle then being contrarian is

probably not the way to go or at least

less effective when it's actually going

somewhere if you try to Short each pop

up it usually doesn't work unless your

entries are Immaculate I'm trying to

break this habit myself in this type of

price action playing Follow the Leader

is the way to go in some ways I have a

harder time trading and price action

that just goes One Direction for the

most part I think part of me feels like

it's just too obvious and easy and so

instead of just buying each drop down

and expecting a small move back up

during an uptrend sometimes I'll try to

short on the pops up and just end up

getting stopped out for me it seems like

I'm working against my brain we see a

candle move down and that thing called

brain that name itself goes ooh short or

when a candle pops up we go ooh go long

but that just leads to failed trades

almost every time due to the nature of

what trades we're going for these

pop-ups and drop downs usually come back

the other way for the most part so all I

mean I guess depends on type price

action orange man with brain gears great

check mark on one hand everything I've

said here is like yeah good points

definitely yeah sure whatever on the

other hand this trading style is so

incredibly discretionary that if you

start introducing too many rules you

will just wipe away the entire Edge

after a little while of trading like

this I started getting worse and then I

realized it was because I was trying to

quantify literally everything I was

collecting data on every decision trying

to find correlations between the good

and bad trading sessions then I was like

you're over complicating this and

thinking like an indicator if indicators

don't work on their own then why are you

trying to mentally create one so I went

back to the roots of the Strat made

these notes to look at and I started

doing really well again creating a ton

of rules for a discretionary training

style makes as much sense as being

discretionary in a completely

rules-based system it makes no sense and

ruins the edge that the two approaches

have on their own and obviously there's

a hybrid systems whatever it's not the

point listen to that again if it didn't

make sense on screen are the things I

look at but these notes should be

constantly changing we look at reminders

until they become automatic and we make

new ones as we identify new thought

patterns or roadblocks that are

hindering our progress if the reminders

you set for yourself aren't constantly

changing then are you growing are you

learning anything one way to quantify

learning trading is to just look at how

much your notes have changed you're

obviously learning something of the

problems you're facing now are different

because you've defeated the problems you

used to experience it can be tough to go

for such small Targets on a trade

because we always have that little

gamble bone in our brain going but if

you just caught one big trade think

about how much money that would be or at

least that's what I have you know you

only have to get lucky once yeah but

that's also the thought process that

makes people buy lottery tickets there's

a very fine line in trading that

separates you from someone just gambling

you might have been reading these little

jokes and are thinking I man why are you

so mean to your viewers and to that I

would say shut the up

I'm just kidding a quick note about the

bracket orders stop losses profit

targets and whether or not to set up an

auto Break Even no well I I don't know

actually well I sort of do making my

stop loss automatically move to break

even plus a little bit has made me miss

out on more money than it has saved me

from losing money that means that most

often it would hit the auto break even

close the trade and then go to the

original take profit instead of where

the stop loss was when I first started

having it do this was actually

beneficial because I was trading in

price action where that move was either

going to happen now or not at all so it

would hit the break even stop loss and

then go down a few points to where the

stop loss was originally saving a few

points each time in those instances it

was advantageous but lately it has not

been so I submit the order and only ever

move the take profit a little further up

or move the stop loss closer to break

even I'm constantly thinking to myself

which line is it most likely to go to

before going to a different line which

you need to remember is all that trading

is when you have a stop loss and take

profit level this is something that's

constantly changing for me and sometimes

I make the dumb decision of moving the

stop loss to try and lock in profits

which almost never goes well this

trading style can probably be done with

stocks options or Forex or crypto but

whatever you're trading needs to be very

volatile how are you supposed to catch

tons of little movements if the thing

you are trading is barely moving you

know like this this wouldn't work on ES

at least not for me volatility means

trading opportunities SO trading the

NASDAQ is perfect for this on Futures

I'm trading slash mnq here which is the

micro version of Slash NQ the micros

move the same as the minis but are one

tenth the size which is great for

learning the only problem with super

scalping the NASDAQ on the micros is

that the commissions make it seem like

it wipes out the edge this is because

the commission to point ratio on mnq is

about one to two a dollar and twelve

cents total in commissions to two

dollars per Point whereas on the mini

it's one to five four dollars and eight

cents in commissions to twenty dollars

per point so the p l on the micros are

extremely skewed by the wow are

extremely skewed by the commissions

those commission numbers were the total

for opening and closing the trade not

per side and that's the rate for

ninjatrader if you own the lifetime

license like me which I bought for

eleven hundred dollars because that's

how much I like the platform also the

cost reduction in commissions will be

very important long term if I'm taking

like 10 to 30 trades per day ah the

important one how rich can we get

someday in the future I can see myself

with the modest position size of six

Super scalping the NASDAQ mini contracts

let's say I scalped the morning session

taking 15 trades let's say that the

volatility in ATR showed me that the

best bracket order setup would be a four

point stop loss and five-point take

profit I win nine of the trades and lose

six of them meaning I've won 45 points

and lost 24 points at twenty dollars a

point and six contracts that means I

would have made two thousand five

hundred twenty dollars with only winning

nine of the 15 trades commissions would

be a total of 300 sixty seven dollars oh

no that would mean I'd only make two

thousand dollars by ten am and free up

the rest of my day to do whatever I

wanted oh no Freedom the commissions are

there but they don't wipe out the edge

so there better not be any ooga booga

but commissions comments if you actually

have real experience trading large size

on NQ in the morning please let me know

what size starts to experience bad

slippage because I can't find a

consistent answer online by anyone who

actually knows what they're talking

about okay you've probably noticed that

there are no indicators think about why

that is good job why the heck would I

care about being under a moving average

when I'm trading the noise and the

trades only last seconds we aren't

trying to predict whether Market will be

a month from now a day from now or even

five minutes from now I care about right

now this very moment and nothing else I

pointed my fingers at the screen just to

really reinforce that as for time frames

I'm trading off of a 20 second chart

that one in the bottom left is five

minutes and I basically just look at

that to make sure I'm not like taking a

trade at some weird level or something

funky might happen this is my favorite

right now but I wouldn't go any higher

than 20 seconds it actually reminds me

to continue trying lower ones just to

see if anything feels better thanks

writing that down now to anyone saying

that's too small of a time frame please

think about why you actually believe

that and then figure out why that

doesn't make any sense so when to trade

well as you figured out by now slash me

saying it multiple wow never mind you

know that we need some volatility so

with that in mind when do we get the

most volatility that's right Mark it

open and just after that when I started

I was trying this around 10 just to let

things calm down a bit but recently I've

been trying a couple minutes after

market open and finding some success

right now a five point stop loss and

seven point take profit bracket order

works well but sometimes I have to make

that smaller to match volatility better

if it gets any higher than that I just

don't trade since the potential losses

of not doing well are a bit too much for

my current situation I'm not rich I make

videos that actually help people not

remember this strategy only works if you

actually adapt your trading size based

on volatility this concept of using ATR

to adjust the size of your targets is

probably one of the most undervalued

Concepts in trading and I don't know why

it's not talked about more but I get it

the video in the top right is much less

interesting than the secret mindset

uncovering the next breakthrough and how

the market secretly works I'm not mad

you're mad no you're projecting no you

are so the next part of this is like

when you actually stop trading well

regardless of the trading strategy you

should obviously stop if you get really

tilted to the point where making a

stupid decision becomes likely if you're

mad don't be an idiot and keep trading

take a break count to ten do whatever it

is that you need to calm down punch the

drywall grab the demon that lives in

your walls tell them to quiet down and

then put them back I don't know before I

was taking a break once price action

started consolidating I I would try to

only trade when price action was making

meaningful directional movements but as

I've said recently I found that I could

trade consolidation just as successfully

as long as volatility was high enough I

just needed to adjust the approach and

expectations so essentially I can just

trade until I get tired either that or

trade Until you realize you're probably

down a lot on the day and should just

stop which I know all too well you have

to find the balance between stopping

because your trading is just off and

just stopping because you're too focused

on the p l you know how it is saw what

this video is about sometimes I trade

this for three months what for three

minutes sometimes I trade for like eight

minutes sometimes I'll do a couple

minutes and then take a few minute break

before getting back into it sort of

changes by the day but hypothetically

you would just trade this until

volatility died down to the point where

it didn't make any more sense to

continue even if price action looks like

it did earlier except it's just barely

moving now sometimes volatility is just

too low I stay away from this but

perhaps you'll find lower volatility

super scalping easier you have to

actually do some experimenting because

the way I approach this style is

personalized to be somewhat reflective

of my unique self because I'm super

special make it work for you like I've

made it work for me can you trade like

this sorry it's italicized I've seen

lots of comments from people describing

in various ways how this style is just

too intense and can't be done I stopped

myself from telling them that they have

main character syndrome and that not

everyone's the same but at the same time

this probably can't be traded by

everyone when my mom is texting on her

phone and I ask her a question her

response will only happen once she's

done typing out the message even if it's

a yes or no question like literally a 10

second delay I'm just standing there

like this waiting and then she'll

respond as if it hadn't just taken 10

seconds to respond is like a reality

just paused the brain isn't capable of

multitasking in the sense of watching a

movie and studying for a task with

perfect retention for both you know you

can't just split it in half but there is

also a bit of a spectrum to doing things

at the same time if you're like my mom

maybe you can't trade like this maybe

you can I don't know I play play rocket

league in the top point five percent of

ranked players while listening to a

podcast at the same time and retaining

it not a hundred percent but a lot more

than the average person watching TV is

tough for me because it's not

stimulating enough most of the time it's

boring my leg or something is constantly

shaking because if tons of things aren't

happening at once I get really restless

there are very few activities in life

that actually stimulate my brain to a

level that I think most people

experience with normal activities I'm

currently writing this at about 80 words

per minute while also listening to a

bunch of people singing acapella Harmony

choir music I don't even know how to

describe it VOC es8 for anyone wondering

incredible group according to my Spotify

rap I listened to over 79 different

genres this year I didn't know there

were that many either anyways the reason

I'm saying all this is because While

most of you are thinking of this Strat

is too intense and fast-paced towards

needing a computer-like brain to switch

biases and make decisions so quickly

the small percentage of people who are

like me are just thinking Okay cool so

it's just like an intense match in a

video game where I finally get to

actually use all my focus all my brain

power we are all very different and I've

talked before about how I think we sort

of gravitate to a trading style that's

somewhat reflective of our personality

super scalpa wow super scalping is

definitely reflective of me for some of

you maybe supply and demand is more

reflective it's fine whatever yeah we'll

find our thing slow calculated and

methodical whereas super scalping is

like a few minutes of complete chaos

making split-second decisions

improvising adapting and Hyper focusing

once I realized I could use this part of

me as a superpower I started waiting

until the last possible moments to begin

assignments in college

many of my greatest works were all

completed on the night they were due or

the night before I had class the next

day to turn it in when I was forced to

actually Focus I could complete things

with the same quality in less than half

the time it was a great breakthrough

allowing me to basically just play video

games all the time while also remaining

a 3.9 GPA but who's who's counting who's

keeping track I am okay but enough about

you let's talk about me on my setup I

have the daily candles up but I don't

really care or use them I just like

seeing where the market's at Price

action can get funky when we get to

somewhat important levels or zones or

what happens actually means something so

I just avoid them entirely until a

typical Market noise returns yeah I

don't know why that's in this section

it's supposed to be the other one but I

don't care okay everything adjust the

bracket order size based on the current

volatility which is different every day

every moment every second every every

every every every adjust your trading

approach based on what price action is

doing duh is it consolidating is it

making meaningful directional movements

or is it doing some combination of the

two each type of price action requires a

different approach but because stop loss

and profit Target locations need to be

reflective of what's most likely to

happen next and what's most likely to

happen next is a byproduct of the type

of price action so it's so important to

identify it do not overthink it

constantly switch your beliefs about

what will happen next and Hyper focus on

what you really think is most likely to

happen next seriously like actually

think about that over and over this is a

big video and it took a lot of work

thank you so much to my patrons who

helped motivate me to make all of this

happen alright thank you and best of

luck to you and your trades unless

you're mean