Trade idea
silver scalping
The speaker mentions that silver has experienced a significant move upwards, reaching $10.50, and expresses a desire for it to drop to $80. This indicates a short-term bearish bias. The speaker also references a previous ratio calculation, suggesting that the current price may be overvalued relative to gold. The trade idea is to short silver with a target at $80, given the potential for a correction based on the gold-to-silver ratio.
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Strategyscalping
Assetcommodity
Time horizonshort-term
Entry / triggerSilver price is above $10.50
Target / exitSilver price drops to $80
Invalidation / stopIf silver price rises above $110
Speakerunknown
Risks- Market volatility could lead to unexpected price movements.
- The trade may be invalidated if silver continues to rise above $110.
- The short-term nature of the trade requires quick execution and monitoring.
Trade idea
WeBull scalping
The speaker discusses their personal experience with WeBull, noting that they bought shares at $5.90 or $6 and scalped a 50-cent profit. They suggest that the risk-reward at current levels is favorable, and they might consider buying again after the show. The speaker also mentions that they have a history of buying Robinhood and other brokerage stocks, indicating a potential bullish outlook on the sector.
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Strategyscalping
Assetstock
Time horizonshort-term
Entry / triggerMarket cap at $2.52 billion, 52-week low at $4.77
Target / exit50 cents profit
Invalidation / stopMarket cap decline below $2.52 billion
SpeakerSpeaker
Risks- Market volatility
- Potential for further decline in stock price
- Uncertainty in economic conditions
Trade idea
SOXS scalping
The trader should set a profit target based on the assumed risk, typically 25-35% of the expected move. For example, if the risk is $2, the profit target should be around 50-100 cents. The trade should be exited if it does not move in the expected direction within the first few hours of the market session. This approach ensures disciplined trading and avoids holding positions that do not meet the initial criteria.
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Strategyscalping
Assetstock
Time horizonIntraday, typically within the first few hours of the market session.
Entry / triggerBuy at a price where the stock is trading, with a clear profit target set as a percentage of the assumed risk.
Target / exitProfit target set at 25-35% of the assumed risk, typically around 50-100 cents for a $2 risk.
Invalidation / stopExit if the trade does not move in the expected direction within the first few hours of the trading session.
SpeakerUnknown
Risks- Market volatility may prevent the trade from reaching the profit target.
- The trader may be forced to exit the trade prematurely if the market moves against the expected direction.
Trade idea
SLV scalping
The speaker mentions SLV as one of their favorite stocks to trade, indicating a preference for this ETF. The strategy involves scalping, which requires quick entry and exit to capture small profits. The speaker's focus on active trading in the equity marketplace suggests that SLV is a viable candidate for scalping due to its liquidity and market activity.
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Strategyscalping
AssetETF
Time horizonShort-term
Entry / triggerActive trading in the equity marketplace
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerTom
Risks- Market volatility
- Liquidity risk
- Execution risk
Trade idea
S&P scalping
The speaker suggests that on highly volatile days, scalpers should aim for targets of 10 to 20 points on the S&P. The strategy involves taking profits once the target is reached and moving on to the next trade. The trader emphasizes that profit targets are more important than stop-losses, as profits can be controlled, whereas losses are less predictable. The speaker also mentions that adjustments can be made based on market conditions, but the primary focus is on achieving the profit target.
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Strategyscalping
Assetindex
Time horizonShort-term, typically within a few hours or the day
Entry / triggerOn a day with high volatility, such as the one discussed
Target / exit10 to 20 points
Invalidation / stopSubjective, with no hard stop, but the trader may move the stop if the trade moves in their favor
SpeakerSpeaker
Risks- Market reversal
- Unexpected news events
- Volatility may not persist
Trade idea
Trade idea scalping
Scalping involves taking small positions based on immediate market conditions, such as when the market appears heavy. The trader starts with a small position (e.g., one or a few futures contracts) and adjusts based on market flow. If the trade goes in the intended direction, the trader may take profit or add to the position. If the trade goes against the position, the trader may sell another one or take off the position. The goal is to profit from short-term price movements without holding the position overnight.
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Strategyscalping
Assetfutures
Time horizonIntraday
Entry / triggerMarket looks heavy
Target / exitProfit on short-term price movements
Invalidation / stopIf market moves against the position, sell another one or take off the position
SpeakerScott
Risks- Market moves against the position
- Liquidity issues
- High transaction costs
Trade idea
Trade idea scalping
The speaker prefers scalping using futures and stocks over options due to the complexity of managing delta in options and the volatility of the current market environment. The speaker finds it easier to execute scalping strategies with stocks and futures, especially in high-volatility scenarios, and only uses options in extreme volatility conditions with a strong directional bias.
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Strategyscalping
Time horizonIntraday
Entry / triggerHigh volatility environments
Target / exitImmediate price movement in the desired direction
Invalidation / stopLoss of directional bias or market reversal
SpeakerSpeaker
Risks- Market reversal
- Liquidity issues
- Execution slippage
Trade idea
S&P Scalping
The speaker prefers range-bound markets for scalping, aiming for a one-half standard deviation move. Profit targets are set at 25% of the range, while loss targets are set higher to manage risk. The strategy involves manual execution without resting orders, and the speaker is looking for a 10-15 point move with a 15-20 point loss target.
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StrategyScalping
AssetEquity Index
Time horizonShort-term, within the range of 30-90 points.
Entry / triggerWhen the market sells off a little bit and then rallies.
Target / exitProfit targets set at 10-15 points, with loss targets set at 15-20 points.
Invalidation / stopLoss targets are set higher than profit targets to manage risk, as losses are harder to take than profits.
SpeakerScott
Risks- Market movement may not align with the expected range.
- Losses could exceed the set targets if the market moves against the trade.
- Manual execution without resting orders may lead to missed opportunities.
Trade idea
MNQ scalping
The speaker mentions selling MNQs and having bids in, indicating a short-term scalping strategy. The discussion around the NASDAQ's performance and the speaker's positive scalp suggests a focus on short-term price movements. The trade idea is based on the speaker's actions and the market context provided.
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Strategyscalping
Assetindex
Time horizonShort-term
Entry / triggerMarket price above the bid
Target / exitImmediate profit from short-term price movements
Invalidation / stopMarket price drops below the bid
SpeakerTom
Risks- Market volatility
- Liquidity issues
- Unexpected price movements
Trade idea
SOXS Scalping
The speaker discusses a trade on SOXS, where they bought the stock in the morning and immediately sold it out after a short-term reversal. The trade was based on the idea of scalping, which involves taking advantage of short-term price movements. The speaker mentions that they had too much of the stock already, so they decided to buy and sell quickly. The trade was successful, as the stock reversed out of spite, indicating a short-term reversal in price. The trade was executed with a clear entry and exit point, and the speaker notes that it usually works out well.
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StrategyScalping
AssetEquity
Time horizonShort-term
Entry / triggerPre-market rally
Target / exitImmediate reversal
Invalidation / stopOverbought condition or continued rally
SpeakerScott
Risks- Market volatility
- Short-term price movements
- Overexposure to the stock
Trade idea
null scalping
The speaker suggests that individual stocks, particularly in sectors like software, have been effective for scalping due to increased volatility and activity. This strategy is suitable when there is significant short-term price movement in specific sectors, but it requires monitoring market conditions and liquidity. The speaker also notes that micro futures are better for scalping than leveraged ETFs, but ETFs can be a viable alternative if they are liquid.
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Strategyscalping
Assetnull
Expirationnull
Time horizonshort-term
Entry / triggervolatility in specific sectors (e.g., software stocks)
Target / exitshort-term price movements
Invalidation / stopmarket conditions change or liquidity decreases
SpeakerDave
Risks- market conditions can change rapidly
- liquidity issues in specific stocks or ETFs
- increased exposure to short-term volatility
Trade idea
MU Scalping
The speaker executed a scalping trade on MU, entering at $666 and exiting at $686 for a $20 profit. The trade was based on the expectation of short-term price movements in a highly volatile market. The strategy relies on quick execution and the ability to capitalize on intraday price swings. The speaker later noted that the stock had risen to $736, indicating the potential for further volatility. This trade idea is suitable for traders who can quickly identify and act on short-term price movements in volatile stocks.
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StrategyScalping
AssetEquity
Time horizonIntraday
Entry / triggerIdentify short-term price movements in highly volatile stocks
Target / exitQuick profit from intraday price swings
Invalidation / stopExit if price moves against the trade or if the volatility subsides
SpeakerTom Sosnoff
Risks- Adverse price movements in short time frames
- Market volatility may not persist
- Execution risk due to fast-moving prices
Trade idea
SPX scalping
The speaker's trade idea involves buying the dip on the S&P during high volatility. The strategy is based on identifying short-term price dips and capitalizing on them. The speaker's example involved buying the S&P at a dip of around 41 and scalping 10 points. This approach is effective in volatile markets where prices fluctuate rapidly, allowing traders to profit from short-term movements.
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Strategyscalping
Assetindex
Time horizonshort-term
Entry / triggerIdentify short-term price dips in volatile markets
Target / exit10 points
Invalidation / stopPrice drops below the entry point or market conditions change
SpeakerSpeaker
Risks- Market conditions can change rapidly
- Potential for losses if the dip is not correctly identified
Trade idea
NASDAQ scalping
The speaker scalped NASDAQ futures by buying at lower levels, indicating a short-term bullish bias. They mentioned buying NASDAQ futures down 450 last night and noted that the market was trading lower, suggesting a potential for short-term gains. The speaker also mentioned buying in 10% increments, indicating a cautious approach to position sizing.
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Strategyscalping
Assetfutures
Time horizonshort-term
Entry / triggerbuying at lower levels
Target / exitnot specified
Invalidation / stopnot specified
SpeakerScott Sheridan
Risks- Market reversal
- Slippage in fast-moving markets
- Inability to exit at desired levels
Trade idea
MEES scalping
The speaker advocates for starting with micro futures like MEES and MNQ due to their liquidity and lower capital requirements. Scalping these contracts allows traders to practice without significant risk, focusing on quick profits from small price movements. The strategy emphasizes discipline and staying with the trade until comfortable, avoiding the temptation to overtrade or prove a concept too quickly.
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Strategyscalping
Assetfutures
Time horizonShort-term, typically minutes to hours.
Entry / triggerStart with one micro contract and stay with it until comfortable.
Target / exitQuick profits on small price movements.
Invalidation / stopLosses on large price movements or if the trader is not comfortable with the strategy.
SpeakerSpeaker
Risks- Overtrading
- Market volatility
- Emotional decision-making
Trade idea
MEES scalping
Scalping futures requires understanding the expected move and setting profit targets between 20-40% of that move. The risk should be managed by setting a stop loss at 2x the expected profit. This approach helps in capturing small price movements efficiently while managing risk effectively.
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Strategyscalping
Assetfutures
Time horizonShort-term, typically within a single trading session.
Entry / triggerWhen the expected move is known and the market is within a defined range.
Target / exit20-40% of the expected move, which for MEES is between $50 and $100 if the expected move is $250.
Invalidation / stopLoss level should be set at 2x the expected profit, which would be $100 if the target is $50.
SpeakerUnknown
Risks- Volatility can cause larger-than-expected moves
- Market gaps can lead to unexpected losses
- Psychological pressure from frequent trading
Trade idea
MEES scalping
The speaker advises against hedging or spreading off a losing scalp trade. Instead, a scalp trade should be treated as a standalone position, and one should either take profit or accept the loss without attempting to hedge or spread off the losing scalp. This approach prevents confusion and potential worsening of the situation. The speaker also mentions that MEES is a liquid micro future with a $125 per tick and $5 a point, and a decent scalping range is 20 to 40% of the expected one-day move.
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Strategyscalping
Assetfutures
Time horizonshort-term (scalping)
Entry / triggershorting a future in crude oil or gold
Target / exit20-40% of the expected one-day move
Invalidation / stop2x loss is considered optimal
Speakerunknown
Risks- Confusion from hedging strategies
- Potential for increased losses if hedging is attempted
Trade idea
SPX scalping
The speaker mentions scalping the market rally at 8:30, indicating a short-term trade idea. The rally is described as an uptick of 10-50 handles in the S&P and NASDAQ, suggesting a quick trade opportunity. The speaker is uncertain about the long-term implications but is focused on short-term gains.
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Strategyscalping
Assetindex
Expirationimmediate
Time horizonminutes to hours
Entry / triggermarket rally at 8:30
Target / exitshort-term price increase
Invalidation / stopmarket reversal or significant drop
SpeakerTom Stnaf
Risks- Market reversal
- Volatility
- Execution risk
Trade idea
Trade idea scalping
Buy a little AMD here for a scalp
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Strategyscalping
Time horizonshort-term
Entry / triggerif not doing this show right now and short the market
Target / exitsell it when it's plus on the day
Trade idea
SLV scalping
The speaker discusses selling SLV at 108 and 109, then scalping the position as the price dropped. This indicates a short-term scalping strategy where the trader sells at a higher price and buys back at a lower price to profit from the price decline. The thesis is based on the trader's ability to identify short-term price movements and execute trades quickly to capitalize on the price difference.
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Strategyscalping
AssetETF
Time horizonshort-term
Entry / triggerPrice above a certain level
Target / exitPrice below the entry level
Invalidation / stopPrice above the entry level
SpeakerUnknown
Risks- Price could move against the trade
- Slippage in execution
- Market volatility
Trade idea
silver scalping
The speaker believes that silver is overvalued and recommends shorting it, citing that the price has dropped from 9575 to 9425. The speaker has been shorting silver since Sunday night, scalping it without touching their core position, and has not made a losing trade. However, their core position has been significantly impacted. The speaker emphasizes that while shorting can be profitable, it requires careful execution and that the market may be overblown.
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Strategyscalping
Assetcommodity
Time horizonShort-term
Entry / triggerOvervaluation of silver
Target / exitPrice drop to 9425 or lower
Invalidation / stopPrice increase above 9575
SpeakerScott
Risks- Price increase above 9575
- Market volatility
- Execution risk in scalping strategy
Trade idea
MICRON scalping
Scalping Micron (MICRON) is viable if the daily expected move is $30. A target of $3 (10% of the expected move) is reasonable. The trade should be exited if the move exceeds expectations or if the market moves against the position. This approach leverages tight market conditions and high liquidity, with no commissions to enhance profitability.
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Strategyscalping
Assetstock
Time horizonshort-term (minutes to hours)
Entry / triggerDaily expected move is $30
Target / exit$3
Invalidation / stopIf the daily expected move is exceeded or the trade goes against the expected direction
SpeakerUnknown
Risks- Market volatility
- Execution risk
- Liquidity risk after hours
Trade idea
Micron Scalping
Micron's expected move of $30 requires a stop-loss at a percentage of that move. Scalping strategies should focus on a small universe of stocks with which the trader is comfortable. The trader should avoid doubling down or taking positions home, as this increases risk. The expected move should be used to determine the target and stop-loss levels, ensuring disciplined execution.
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StrategyScalping
AssetEquity
Time horizonIntraday
Entry / triggerWhen the stock is expected to move $30, with a stop-loss set at a percentage of the expected move.
Target / exitA percentage of the expected move, which varies per stock.
Invalidation / stopStop-loss at a percentage of the expected move to limit losses.
SpeakerSpeaker
Risks- Market volatility
- Stop-loss triggered prematurely
- Inability to execute trades quickly
Insight
Start Small with Micro Futures for Scalping
The speaker emphasizes starting with micro futures contracts as a more digestible and less expensive entry point for scalping. Micro futures, such as MEES and MNQ, are more liquid and trade a significant number of contracts daily, making them ideal for beginners. The key is to start with one contract and stay with it until comfortable, avoiding the temptation to prove a concept too quickly.
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Applicable when- beginner traders
- scalping futures
- small capital
Limitations- Requires discipline to avoid overtrading
- Not suitable for those seeking high-risk, high-reward strategies
Q&A
Why is liquidity important for scalping options?
Liquidity is crucial for scalping options because illiquid options result in excessive edge given up during trades. The speaker emphasizes that tight markets with high liquidity, such as SPY and SPX, are ideal for scalping.
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Actionable takeawayScalping options requires tight markets with high liquidity to minimize the edge given up during trades.
Q&A
What is the recommended profit target for a scalping trade?
The recommended profit target for a scalping trade is typically 25-35% of the assumed risk, which for a $2 risk would be around 50-100 cents.
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Actionable takeawaySet a profit target based on the assumed risk, typically 25-35% of the expected move.
Q&A
Which expiration do you prefer when scalping options?
The speaker prefers options with a short to zero days to expiration (DTE), typically within a week, as they offer more liquidity. For monthly options, the speaker prefers the monthly expiration, but for scalping, the active month is preferred. If the speaker has an opinion on a specific day, the zero-day SPX is used.
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Actionable takeawayWhen scalping options, prioritize options with short to zero days to expiration for better liquidity. For monthly options, the monthly expiration is preferred, but the active month is used for scalping.
Q&A
What is the preferred method for scalping in the futures market?
The speaker prefers scalping the active month for futures and monthly options for options trading, maintaining consistency within the same expiration cycle.
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Actionable takeawayConsistency in expiration cycles is key for effective scalping strategies.
Q&A
What are the profit targets for scalping on highly volatile days?
The speaker suggests that on highly volatile days, profit targets for scalping on the S&P could range from 10 to 20 points. For commodities like crude oil, the target might be $1, while for gold, it could be $5.
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Actionable takeawayProfit targets for scalping vary based on market conditions and the asset being traded. On highly volatile days, the speaker suggests aiming for 10 to 20 points on the S&P.
Q&A
Besides options, what would be good scalping vehicles?
The speaker suggests that micro futures are better for scalping than leveraged ETFs, but ETFs can be a viable alternative if they are liquid. The speaker also notes that individual stocks have been a good scalping vehicle in the current market environment, particularly in sectors like software stocks.
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Actionable takeawayMicro futures are recommended for scalping due to their efficiency, but ETFs can be used if they are liquid. Individual stocks, especially in volatile sectors, can also be effective for scalping.
Q&A
Can you give us some keys to where do I start scalping futures?
The speaker recommends starting with micro futures contracts like MEES and MNQ due to their liquidity and lower capital requirements. They emphasize starting small, using one contract, and staying with it until comfortable. The speaker also highlights the importance of understanding tick and handle sizes for these contracts.
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Actionable takeawayStart with micro futures contracts like MEES and MNQ, understand tick and handle sizes, and practice with one contract until comfortable.