Learn to Day Trade - Basic Scalping Strategy

Name: Learn to Day Trade - Basic Scalping Strategy
Rating: 4.3 (22 reviews)

Learn a scalping strategy that can be done without needing to sit at a computer for hours. Includes platform setup file.

Created byThomas Shaw

Last updated 2/2022

English

English [Auto],

What you'll learn

Confidently enter trades and have an exit strategy
Identify some key factors that could affect the market or specific stocks
Know how to setup your trading platform
Define 4 key indicators that can help spot potential entry points
Define what an option contract is and identify potential option contracts to trade

Course content

8 sections • 17 lectures • 2h 7m total length

Read before continuing - Continuing to course is considered agreeing to the term5:39

Trading setups and Indicators15:41
Identify reversals and continuations using the cci and volume, on a one-minute chart, and confirm with trend, support and resistance, and whole-number levels.
Checking the news before market open5:01
Check market news and ticker updates in Thinkorswim before market open, linking live news to your chart. Assess global overnight results and major economic events to anticipate open-day moves.
How to set up your trading platform - Thinkorswim3:40
Set up your Thinkorswim charts by importing a ready template, saving the grid, and loading the shared item for a fast, personalized trading view.
Basic Strategy - What does it look like?15:55
Watch morning prep, map support and resistance around dollar and 50-cent marks, spot a head-and-shoulders pattern, and set auto take-profit and stop-loss for quick scalps.
How to send option contracts to Active Trader4:28
How to enter a trade and adjust position5:58
Learn to enter trades quickly with active trader and adjust positions on the fly. Use bid/ask and mid price, choose call or put, and manage take profit with paper trading.
BONUS - More trade examples8:52
demonstrates three quick day trades using a paper trading account in thinkorswim, applying CCI signals, support and resistance, nine EMA, and calls and puts.

How to set up your trading platform - Interactive Brokers4:16
Instructions for ScalpSetup.xml resource.
You should see a down-facing-arrow download icon at the top right of the page, click that to download the ScalpSetup.xml file.
Note: When downloading the file it may give a warning that it is an executable file and can harm your computer, as long as you are downloading the file from the link in this resources area this file can be trusted. I will not send this file any other way, so you should only be downloading that from this direct link. This file was exported directly from my Trader Workstation.
Advanced Strategy - What does it look like?4:49
How to select option contract and change order quantity3:55
Learn to select option contracts near the money with around 50 delta and adjust the order quantity, while understanding market orders versus limit orders and expiration volatility.
BONUS - More Trade examples!5:16
Observe quick scalps using CCI and EMA signals, enter near prior resistance with rising volume, and manage risk by taking profits early and avoiding overtrading.

Requirements

No prior trading experience required.

Description

In this course you will learn proven methods utilizing "base hits" that can increase your win rate, and when implemented successfully can help you supplement or replace your income by only trading 1 hour a day (or less!) without having to search for stocks.

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Hi, I'm Thomas Shaw, and I've been trading since 2005. My background is actually in online training though, as well as in-person training, where I've had the privilege of training for multi-national organizations, and even companies like Apple, inc, and William Morris Endeavour (Oprah).

I feel that I've been blessed with some very unique opportunities that have not only allowed me to discover the strategy that I cover in this course, but also the desire and ability to teach what I've learned.

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This training will cover:

Overview of the Market - What makes it tick
Overview of Options - Options vs. Stocks
Brokers - Recommendations based on trading style/risk tolerance
How to set up your trading platform for optimized trading and minimizing losses
Trading setups and Indicators
How to practice before using (or losing!) real money when testing a new strategy
And more!

Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.

Who this course is for:

This course will be beneficial for brand new traders, or those who have been trading for years and are looking for a new, consistent "base hits" trading strategy. If you are just starting out, or are just wanting to increase your consistency this course is for you!

Learn to Day Trade - Basic Scalping Strategy

What you'll learn

Explore related topics

Course content

Disclaimer1 lecture • 6min

Introduction1 lecture • 12min

Overview of the Market1 lecture • 8min

Overview of Options1 lecture • 12min

Brokers1 lecture • 12min

Basic Strategy: One focused trade and minimized losses7 lectures • 1hr

Advanced Strategy: Trade in 10 seconds or less4 lectures • 18min

Thank you!1 lecture • 1min

Requirements

Description

Who this course is for: