 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com. If you are brand new to training or are curious about training at all, I want to let you guys know about a free two-hour mentorship course that I put together with my mentor, Bao. It is available at MyInvestingClub.co. The link is going to be right here. This is a free webinar with limited seating every week, so please click on the link and reserve your spot before the time runs out. Also, a special bonus for all of our viewers on YouTube. So if you guys have any questions about MIC or you're curious about joining or you don't know if MIC is the right fit for you, you can now text Tosh, who is one of our head mentors and head moderators at MIC, and he'll answer any questions you have about MIC. His phone number will be in the link in the description. It will also be right here. Thank you guys for watching and enjoy the video. Hey, what's up guys? It's Tom Diesel here. Welcome to another weekly video. Today, I'm going to go over one of the strategies that I use daily the most, day in, day out, every day, and which is scalping. I've been posting my trades, also my fills, and you guys can see that I've been scalping the stock for like 10 cents or 20 cents over and over again, just like to capture the quick move. And so that's why I wanted to go over that today in detail. What is really scalping? I mean, it's like kind of like in introductions to scalping. And so that you can have a good idea, what is the strategy is really about and also how powerful it is. I've been scalping for quite a while now and I've been pretty much consistently profitable with that strategy. And it kind of works for me. I mean, it works for me, but everyone is different. And so that's why I wanted to explain in details today to see if it's something for you or not. I mean, it's really up to you after this video to decide if you want to go ahead and try to pursue this strategy or maybe this is not for you, you want to look for something else. So what is really scalping? I mean, scalping is a strategy that you quickly capitalize a move like you quickly capitalize the move on stock price. And one of the, you know, I have here the main points in order to scalp, we need to trade the stocks, those stocks that in play, right? We need like a volume like, you know, the momentum needs to be there. Also the liquidity and for for scalps, we're doing it like intraday, right? We're not, you know, holding this for, I don't know, four days or weeks or months. So we just want to be able to get in quick and get out. And of course that, you know, requires, yeah, of all here, it's based on back, back tested data. Also, this is flow. It doesn't matter here. So we need volume and our goal is to quickly capture the move. Like, you know, you need to figure out, you know, what trend is the stock is going if it's like, you know, still like grinding higher, so you could go long or like short. It's like, but that's just a general info. So we need the stock to be in play. We don't want something that barely moving, right? Like with low volume and no one is interested in that because the liquidity, you need that to be able to get in and get out quickly. And so that's one of the main factor here adding to your short while you're looking for can break a certain level you add every candle break that couple. Yeah. So on adding to my winner, this is I think is Alex strategy, like how he use it, like overview app, you use 30%. So that's, that's something I've been talking about, you know, scalping, you could have here one bullet or like, like having a position like you adding up to your position. So I think I'm, you know, what I did, I've tried to be like Alex try to trade like him. Also me and James been talking about this when it's overview app, I just want to use 30% of the size. So let's say here, you know, I want to shot this pop, right? So that would be my first bullet. But you know, the stops, I need to have a wider stop. So if, you know, after I'm just putting an example here, if, you know, a topic side, I want to anticipate the front side of the move. I showed it some here. Let's say 5.25. And my stop, it has to be maybe to the psychological level six. That would be my wider stops, right? But I'm willing to add all the way here and here, right? Here and all the way to this. But my stop would be at, you know, whole and half dollar mark, like the cycle, I mean numbers, that would be, you know, my stops like wider stops, if I'm building up the positions, right? And so this is, that would be my first bullet here. Second, once it, you know, drop, I might cover some here and recycle, you know, that shares back here. But for the confirmation, right? What I'm looking for is when the stock slams below view app. Or let's say this is the key level right here. When stocks slam through that, I would like to add my size here, right? But as you can see here, it's like not every time it will work, right? I would probably add my size here. And once stock tanks here, my, you know, cover maybe half or third and having the last bit, maybe break even, you know, view app reclaim, it's really up to you. But like Rob, so it's been asking like it break to certain level, do you add on every candle? Yeah, if it breaks this level, I'm going to add back to this all the way. I would be adding, you know, my size here and cover, you know, some here and leave the rest for the break even. Yeah, so that's the questions on adding. Yeah, I'm gonna answer some more questions right here. Your size, right? It should be based on your account. It depends how big is your account. What I usually been doing is that I'm risking 2% per trade, right? Let's say I have like 2000 shares, right? That would be 2%. Yeah, well, I know, let's let me put it this way. Let's say I have $10,000 account, right? So I'm risking, I don't know, like 2% per trade. So that's 200 bucks, like for 200 bucks, right? Let's say I want to short it here. And I risk six, you know, lines. So that's 80 cents, right? Almost 80 cents. So 200 bucks on 80 cents. So what is that? I mean, 100 shares, that's 80 bucks, 200 shares, that's, you know, 160, like 250 shares. So I would get in here with 100 shares, you know, as you know, dips here, you know, cover half 50 shares and add back here 50 shares and wait it for this, like, you know, to confirm. And I add back here, let's say I, you know, I'm like 100 shares here and I've added, you know, another 100 shares here that my full size. So my average would be around here, I think. So at this point, I'm kind of full size on my per trade limit. You know, I just want to quickly cover half here 100 shares. So that means I have 100 shares left for the rest of this. So just to let kind of let it slide. And you know, my stock would be like here at break even because I just don't want to give back all those gains, right? That's, you know, one way how I want to do it. All right. So I hope you guys enjoy the video and good luck. I'll look forward to the next one. All right. Have a good weekend, guys. Later. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.