This Scalping Strategy is BORING, but it makes me $37,643/Month transcript

I made $19,000 last week and just shy of half a million dollars in 2025 day trading stocks and I'm going to teach you one of the most powerful scalping strategies that my father taught me five and a half years ago that still works almost every single day. It's consistent, it's systematic, and it's so simple that even a beginner trader can master it. In this video, I'm going to break down why this scalping strategy is so effective, how I make well over a thousand dollars per day trading it, and everything you need to know so you can begin executing this strategy as soon as tomorrow morning.

This isn't a video that's going to teach you how to get rich quick in trading. I'm sorry. I hate to break it to you, but that doesn't exist in trading. However, this is a video that's going to teach you a predefined strategy that I have been trading for over five years that might end up becoming your best performing setup of 2026. Trust me, you're going to want to watch this video until the very end. So, let's hop right into it.

By the way, my goal is to be as transparent and as real as possible. So, this is my Charles Schwab brokerage login. I trade on thinkorswim platform and from March 2nd to March 6th, that was last week, I made a little bit over $19,000 day trading stocks. And in 2025, I finished with over $460,000 in day trading profits. And if you're thinking this is Photoshop or a screenshot that I edited, I will go ahead and refresh the page on my Charles Schwab brokerage account and there's the $460,000.

And the reason I'm showing you this is to be real, to be transparent, and to show you that everything that I'm going to teach you in this video, I personally implement on a daily basis to make money. And especially last week, the exact strategy that I'm going to teach you today was amazing last week. So, I want to show you exactly how I had a 19K week. Before I go right into it, if you resonate with this video, I would highly recommend taking advantage of my free 10-plus hour trading course that is genuinely better than most paid courses on the internet.

It's going to teach you my system, it's going to teach you my strategies, and it's going to complement everything that I'm going to teach you in this video. So, make sure you watch it. It's going to build the foundation for your trading. You could find it for free in the description directly below this video. First, I want to talk about the differences between day trading and scalping. And while scalping is a form of day trading, I think it's really important to emphasize the differences so you can understand what style of trader you are.

What is your trading personality? So, for me personally, I would call myself a very versatile trader. There are some trades where I'm holding a trade for several hours, where I'll get in in the morning and then I'll exit in the afternoon. But I would say my natural go-to style of trading, my personal favorite, is scalping. And scalping is when you're holding on to your positions for seconds or maybe a few minutes, where you are capturing very small price fluctuations and movements, where you're getting in and out.

And as a result, you're probably going to end up taking quite a few trades, even 20 to 100 trades, right? That is possible, and that might sound crazy, but yeah, with scalping, when you're getting in and out, the trades can stack up quickly. Versus if you're just day trading and you're a lot more patient, you're taking fewer trades, but you're waiting for them to really play out and give you a high R to R type of move, well, you're probably taking way less trades.

You're taking maybe a few trades a day. Now, the reason I love scalping is because it really fits my personality. I'm someone who's very energetic, I'm very outgoing. I don't have a very long attention span. Now, I have been working on that for my entire life, but I'm someone who's looking at this and then looking at that. And, you know, I'm very quick. I like to move with speed, right? And it really fits it my personal my personality and my style, because with scalping, you need quick reflexes, you need rapid decision-making, and I love speed, and I love rapid execution.

So, scalping for me always came so naturally, and that's why I'm a really good scalper, right? And what I like about it is when you get into a trade and you're scalping it, if it starts to go against you, more often times than not, I'm out. I'm not even letting the trade go against me that much. And that's what I love about it, where most of the times my scalps, I'm never really sitting in drawdown. I'm getting in, and if I'm not getting the move that I want right away, I'm usually out for a small loss.

Now, if you like day trading, right, where you like holding on to trades for a little bit longer, you want to be a little bit more patient, you like to be a little bit more disciplined, right? This is more for strategic and very patient people. People that don't want to get in and out quick, they're not as, I guess, I don't want to say they're not energetic, but they don't want to have their trading style revolve around quick reflexes and rapid decision-making.

Now, in my experience, I find most beginners really gravitate towards scalping, and that's part of the reason why I'm making this video, because scalping is a lot more mechanical. It's very difficult as a beginner trader to sit in drawdown and see your trade go up and then down, go up and then down, and you have to watch that trade play out over a few hours, right? That could be difficult psychologically and emotionally for a lot of beginners.

So, in my experience, beginner traders really like scalping, because they like that fast-paced, uh, you know, type of trading, and they like how it's almost sometimes instant gratification, where you can get in a trade and boom, it goes right away in your favor, you take profits, you take your money, you go to the next trade. Step number one, we want to keep our indicators as simple as possible. I only like to use two simple moving averages.

That is it. I have never used MACD or RSI or Fibonacci or stochastics or Elliott wave Theory, or any of these other fancy indicators that you have seen online. A lot of traders tend to think that the more complicated their indicators are or the more complex their strategies are, the more profitable they will be. But, that cannot be farther from the truth. What you want to do is you want to simplify your trading and simplify your charts.

So, go to tradingview.com or go to any platform that you want to use and go to indicators. And from there, just type in moving average and you want to click on the simplest one. You're going to see simple moving average. Go ahead and click on it once and then click on it one more time. And you could also use exponential moving averages if you prefer. However, I like to use simple moving averages. So, once you have double-clicked on those, you're going to see it right here in the top left corner.

You're going to see SMA9, SMA9. And what we want to do is change the length of these moving averages. So, go ahead and click on settings and change the length of one of them from nine to 20 and press okay. And from there, change the length of the other one from nine to 200 and press okay. Now, both of these lines are blue and they're kind of like the same color. So, let's go ahead and change the color. I'll make the 20 MA black and I'm also going to make it a little bit thicker.

Press okay and then we'll keep the 200 MA blue. However, we will make it a little bit thicker so it's a little bit easier to see. Fantastic. And these are the only indicators I have ever used in my trading career. And now, let's learn exactly how to use them. I love to use the 20 MA especially when it comes to scalping. And this past Thursday, I was trading and scalping the TPET and this made me a little bit over $4,300.

And I want to show you exactly how I was using the 20 MA for my entries when it came to scalping this TPET. So, let's go ahead and look at the chart. Now, I'm on the 2-minute timeframe right now. When it comes to scalping, I really like to use the 1-minute and the 2-minute. And then, as the day progresses into the afternoon, I'm, of course, looking at the 5-minute timeframe and the 15-minute timeframe. But, even in the afternoon, if I'm looking for a scalp entry with a really tight stop-loss, I will look at the 1- and 2-minute timeframes for my entry.

So, I like to scalp looking at the smaller timeframes. Now, right off the bat, on the T-Pet, you're probably noticing that this had a very established uptrend. We're seeing consecutive higher highs, consecutive higher lows, and that's exactly what I want to see when it comes to using the 20 MA. The 20-period a simple moving average is the ultimate trend following tool in existence. And as a day trader, I want to trade in the direction of the trend.

I don't want to trade against the trend, especially when it comes to scalping. I want to go with the trend, not against it. So, whenever I'm looking at an uptrend, I want to see the 20 MA, in this case, the black line, underneath price and trending higher across multiple timeframes. And I'll show you the other timeframes on the T-Pet in just a second, but I want to see the 20 MA under price and trending higher on the 1, on the 2-minute, on the 5-minute, and on the 15-minute.

And what you'll notice is that during established uptrends, and if you see the 20 MA underneath price and trending higher, you'll notice that prices will literally trade off of the 20 MA, where it'll slightly touch the 20 and then start to continue the uptrend, or it'll come close to the 20 and then begin rallying. So, you could use the 20 MA as a directional guide when it comes to trading with the trend, and you could actually time your entries off of the 20 MA.

So, my first entry on the T-Pet was actually in the morning right here and I was able to catch this breakout. I noticed the 20 EMA starting to curl higher, so I placed my entry at around and I scalped this for like 7 or 8 cents. I had I think, you know, 6 or 7,000 shares, so I took profit at this previous high. I got out and then I scalped it again over this little base. So, we moved up, we based, and I put my entry above that base, stop loss below, and I was also able to catch this move as well.

Now, on this pullback, I actually passed on trading it because I saw that we broke below the 20 EMA, so I decided to avoid this setup. However, we shot right back up. We retraced right into the 20 and notice how we consolidated almost directly into this rising 20 EMA on the two and I was able to scalp this move higher as well. This was a quick move. I also caught it right here where we started chopping around, basing into this rising 20 EMA and as soon as we came close to the moving average, I placed my entry somewhere around here, I believe, and then stop loss underneath the base and I was able to catch a majority of this move.

Now, I didn't catch the entire move, but I had 9,000 shares and I believe I took profit somewhere around here. And then I was also actually able to catch this scalp. Here, I saw that we were kind of far away from the 20 EMA. We were extended and sometimes I like to use the 20 EMA and this idea of extension of us being far away from the 20 EMA for potential reversals. So, right here I was actually I actually played it short underneath that little um kind of topping tail and I put my stop loss above and I was able to catch this move lower.

And then I scalped it a few times here as well and then I was able to catch a little bit of this move, but towards the end of the trend, it started to become super volatile and crazy and all over the place, so I stopped trading it, you know, towards the end of this trend. However, still an amazing move and scalping it the entire day off the 20 literally made me, you know, just under just over $4,300. And if you take a look at the 5-minute as well, you could see even off the five, we're really respecting the 20 MA.

Where essentially every time we touched it or came close to it, we ended up rallying. So, that's exactly how I use the 20 MA to my advantage when it comes to trading with the trend and scalping the trend. Now, I want you to keep in mind that I am not solely using the 20 MA for all of my entries. The 20 period simple moving average complements my trading. I am not basing my entire strategy off of one indicator. There shouldn't be any indicator out there that you are solely relying off of for your entries or for your exits.

They are meant to complement your trading, complement your price action analysis. And when it comes to the 200 period simple moving average, I use that for support and resistance. So, I want to see the 200 MA flat. And if I see prices below the 200 MA, I use the 200 MA as a potential resistance area. And you'll see that prices often times will respect the 200 MA as a resistance area, especially when prices are below the 200.

So, let's say I'm taking a setup, maybe I'm taking a breakout, I could actually use the 200 MA as a potential target point for this breakout setup. So, that's just an example. And the same thing applies if it's the opposite way. Let's say prices are above the 200, often times you'll notice that prices may respect the 200 MA as a potential support area. So, if I'm ever going short, I could actually use the 200 MA as a potential target point for my shorts.

So, that's how I use it. I use it as support and I use it as resistance. Now, you're probably wondering, "Okay, great. You made a bunch of money off of the tea pet, you found an established uptrend and you were scalping the trend higher. That's great. How do I find similar uptrends? How can I find stocks that are going to produce high momentum and high volume moves? How do I find stocks that are going to move 20, 30, 40, 50 plus percent in a single day?

And this is extremely important for this strategy. So, I want you to pay attention. And for me as a day trader, I want to trade high momentum stocks. I want to trade stocks that are doing significant volume and I want to trade stocks that are trending in one direction. Whether that direction is higher or lower, that doesn't really matter to me, but I want trending stocks. And I like to trade gaps. Now, what is a gap?

A gap is an overnight change in price. For example, let's say a stock closes at $10 the previous day and then the next morning at 9:30 a.m. Eastern Time, it opens at $15. That $5 difference in price overnight is known as a gap. Of course, prices change overnight when the market is closed and it causes literally gaps on the chart. And gaps can occur for all sorts of reasons. It could occur because some random news dropped in the after hours or in the pre-market or maybe the CEO of the company tweeted something or maybe there it was macroeconomic data released or maybe the market, you know, moved significantly in the post market and that caused certain individual stocks to gap overnight.

We're not really concerned with the reason behind the gap. I don't really care why the stock changed in price overnight. What I care about is how is that gap affecting the price action on the charts? What effect does it have on the relationship between the buyers and the sellers, and can that gap provide us traders with a potential opportunity. And what you're going to notice is that a lot of the stocks that are putting in a 20% move or 50% move or even a 100% move in a single day, those are often times gapping stocks.

And that's exactly why I focus on gaps because I want to trade stocks that have high momentum, that are doing significant volume, and that have a high probability of trending and moving in one direction. So, every single morning at around 8:30 a.m. Eastern, I begin my pre-market scanning process where I'm looking for these gaps. And this process is actually really simple. Whenever you're scanning for gaps, you're really looking for stocks that have a percentage difference between yesterday's closing price and that morning's opening price for the stock.

So, in the pre-market at 8:30 a.m., I have a list of stocks. I run my scanner, and the scanner gives me all of the stocks that have an overnight change in price. Whether that change in price is to the upside or to the downside, I'm able to see all of the gap ups and all of the gap downs. And from there, I have a specific criteria that I use to pick my favorite gaps for the market open. And I'm going to teach you the exact criteria that I look for in just a second.

But before I do that, I want to show you how you can find gaps every single morning because it's actually really simple, and there's a lot of free resources that you could use online that will literally just give you all of the gap ups and all of the gap downs. And like I said, the scanning process is simple. What's actually difficult is finding the right gaps to focus on when the market opens because you'll probably see like 50 to 100 gaps every single day.

The real art of it is finding the right ones that are high quality and that have a high probability of putting in that 20 to 100% move that day. So, the first resource that you can use is tradingview.com. Super simple, you don't need a paid account or anything like that. And just go to products, click on screeners right here, and then go to stocks. And from here, you're going to see extended hours. Go ahead and click on that, and you're going to see pre-market change percentage.

You're also going to see pre-market gap percentage. These are very similar, so it doesn't really matter which one you use, but let's just use pre-market gap percentage. If you click on it, and then press on sort ascending, it'll give you all of the gap downs. And if you click on it again, and then press sort descending, it'll give you all of the gap ups. So, it will literally just hand you a list of gap ups and gap downs every single morning.

So, you could use tradingview.com to find gaps. I also personally like to use marketchameleon.com, and go to stocks, and then click on pre-market trading. That's all you need to do, and it will literally give you a list of the top gainers in the pre-market, and the top decliners in the pre-market. So, really useful, very simple. It's also going to give you the most actively traded stocks in the pre-market when it comes to volume.

So, sometimes there's a stock that doesn't really have a big gap, or maybe it's a very minor gap up, or it's like maybe a 0.5% gap up, or 1% gap up. However, it's doing significant volume, I'll add that to my watch list as well. So, you could also use marketchameleon.com. I personally do most of my scanning on my thinkorswim platform. All right, so I have a huge list of stocks here. These are basically all stocks in the stock market, essentially.

Um, I think this is a list of like 4,000 different stocks in the NASDAQ and the New York Stock Exchange. And I have a tool here that's called mark percent change, okay? And if you're using thinkorswim, and you right click this section right here, you're going to see customize, and you could add it. You could literally just look up mark percent change, and you could add it. And mark percent change is a fancy way of it just saying that it finds overnight gaps, and it finds stocks that have a percentage difference in price overnight.

So, if you click on it, it'll give you all of the gap downs, right? And if you click on it again, it'll give you all the gap ups. So, this is another way where, you know, I'll find gaps. I'll just do it on my think or swim platform. However, you could do this on essentially any platform out there. Like I said, you're really just finding the percentage difference in price between yesterday's closing price and that morning's opening price.

Real quick, I want to show you an example of what a gap looks like, so you could actually visualize it. And this was the Marvell this past Friday. And on Thursday, the Marvell closed at around 7566 right here. And then the next morning on Friday, it had an overnight gap up, and it gapped about 12% to the upside. And it was opening at around 8473 on Friday. And you could literally see the change in price that occurred overnight.

You could see a gap in price, and that's exactly why we call them gaps. And this overnight change in price was the catalyst for the Marvell moving over 10% that day, and it ended up making a high at around 90 334, which happened to also be the next resistance area on the Marvell. So, as you can see, this gap up was the catalyst for the Marvell, you know, breaking out and moving higher that day. And there was actually a beautiful 5-minute breakout on the Marvell uh this past Friday that I'm about to show you a little bit later on in this video.

But this is exactly what a gap looks like. You'll literally see a void on the price charts. And keep in mind whenever I am analyzing gaps, I'm always looking at the daily time frame. Real quick, I already talked about my free 10 plus hour course. Take advantage of it. You could find it in the description of this video. But if you are looking for something a little bit more serious, you're looking for one-on-one help.

I do personally help scale and coach traders from zero to consistently profitable where I take my students under my wing and they learn how to trade by actually doing it with me on a daily basis. So we take trades together and we ultimately make money together and they honestly see life-changing results. So if you are looking for something a bit more hands-on, something a bit more serious, you could also apply for my mentorship in the description of this video as well.

Now that you understand what a gap is and what it looks like, I want to teach you how to identify high-quality gap-ups and gap-downs that have a high probability of putting in an explosive move. And I'm going to teach you a specific type of gap that I like to look for every single morning. And this type of gap can be extremely powerful if you apply everything that I'm about to teach you correctly. And I'm going to keep this as simple as possible.

I like to look for gaps that are shocking buyers or sellers because keep in mind a gap is an overnight change in price and it's a sudden change in price. No one's really expecting it. So a gap could have a shocking effect on price action and that could actually lead to an explosive move. So I want to look for gap-ups that end downtrends and I want to look for gap-downs that are ending uptrends. Okay? That's going to make a lot more sense once we look at an example.

I also want to look for gaps that are clearing above resistance. I don't want to see a stock open in an area of congestion or an area of resistance. I want to see it clear above the resistance. So, it has plenty of room to actually, you know, put in a significant rally. So, the best way to show you guys a gap that ends a downtrend is just to show you this example right here. Okay, this is the RXT. This was just a few weeks ago.

So, the RXT prior to this gap right here had just a massive sell-off. And this stock was already downtrending where it moved down, consolidated for a while, 20 MA started to curl above price, and we got, you know, saw a huge move lower. This thing dropped 50% in a matter of a few weeks. And then all of a sudden, out of nowhere, it gaps from 41 cents all the way to around $1. This was a 130% gap up. Now, I want you to think about what your perspective would be if you were in short on this stock.

Let's say you shorted it right here at 92 cents, and it's dropping, and you're making money. Or maybe you shorted it at 75 cents, and it's currently at 42. You're feeling good. You're making money. You're in profit. Maybe this stock ends up going to zero, or maybe goes bankrupt and gets delisted, and you make even more money, right? You're probably sitting very comfortable in your position. And we saw literally just straight selling.

There was one single green bar on this entire sell-off. So, clearly the sellers are in control. And then all of a sudden, it gaps up to a dollar. It literally gaps above the sell-off. It effectively, in one gap, ends this downtrend. And this gap shocked all of the sellers who went short, or all of the people who sold during this move lower. Maybe there was someone who was in this stock long who bought it here, and then all of a sudden, it started to break down, and they exited that long.

And now all of a sudden, they're seeing that the stock is back up 137% overnight, and they're feeling FOMO. Right? So, this gap shocked all of the sellers, and that's what led to this massive move to the upside, where it moved from a dollar all the way to a dollar and $0.71. This was a 71% uh move in a single day, essentially. And we'll take a look at the intraday setups in just a second here, but I can also show you another example.

I mean, we just looked at the Marvell, right? So, let me go ahead and show you guys the Marvell. And this was this past Friday. Look what the Marvell did, right? The previous day, the Marvell had a red bar. So, we gapped above this red bar. All of the people who went short the previous day on the Marvell on Thursday, they're now waking up underwater on their position. They're waking up down, right? They were sitting comfortable thinking this stock is about to break down and continue lower, and they're going to make more money, and then all of a sudden, right, it gaps up, and now they're underwater on their positions.

What do you think all of these short sellers are going to do when the market opens? Well, I can tell you a lot of them are probably going to cover their shorts. They're going to cut their losses. They're going to protect their capital. They're going to call this a losing trade, and they're going to get out. And of course, when you cover your short, you're actually buying back shares, and that could lead to a lot of buying pressure.

Furthermore, the Marvell uh was clearing this uh area of resistance as well, where we had about a high, high, lower high. So, this entire area was an area of resistance, so we basically gapped above it. And the next resistance area, well, we look to the left, is all the way up here, and that's exactly where we hit. So, this is what I'm talking about when I say I'm looking for a gap that is shocking the buyers or sellers.

And based off the examples I just showed you, you know, these gaps are shocking the sellers. Once you've identified a high-quality gap in the pre-market, let's say it's a gap up that's ending a downtrend. It's gapping above a red bar. It's shocking the sellers and it's also gapping above resistance and you're very interested in trading that stock long, right? You don't just buy it randomly as soon as the market opens.

No. Once the market opens, you need a predefined setup. You don't just buy it randomly with no risk management. You need a setup because with a setup, you're going to have a clear entry and a clear stop and that's going to allow you to properly size your position where you could actually practice risk management. And I keep my setups very, very simple. The first one that I trade is the high-low pattern. You could also call this the opening range breakout.

This is a strategy that you could trade in the first like 10 to 15 minutes of the market open and you could do this on the 1-minute time frame, the 2-minute time frame, and the 5-minute time frame as well. And it's a really simple setup. You basically wait for the first candlestick to form and you place your entry above the candlestick's high and you place your stop loss below the candlestick's low. So, it's really simple.

Entry above the highs of the candlestick, stop loss below the lows. If you're going short, it's the opposite. You'd place your entry below the candlestick's lows, stop loss above. And like I said, this is a setup that you would trade if you're looking to be very aggressive once the market opens. And what you really want to look for is a breakdown failure. So, let's say you have a gap up, you're looking to go long at the market open and the stock opens and it attempts to break down and that attempt to break down gets bought.

Right? Where it attempts to go lower, that attempt fails. This is a perfect situation where you could look for a potential long where you would practice the high-low pattern. You'd place your entry above the highs, and you'd place your stop loss below the lows of the breakdown failure. I will show you an example of this in just a second. But, the other setups that I trade are also super simple. And by the way, when it comes to trading the high-low, right?

Keep in mind you're waiting until the first candlestick forms. Well, that's going to depend on what time frame you're trading. So, if you want to do it off the 1 and the 2-minute, that's really aggressive. You could get stopped out quickly and easily, especially since the market open is very volatile. I recommend doing this off the 5-minute, where you wait for the first 5-minute candle to form, and then you place your entry above the highs, stop loss below the lows.

However, you're you're also risking the trade being gone by that time. Maybe the market opens, and boom, it goes already. And by the time the 5-minute forms, the stock is already up a lot. So, you could also do it off the 1 and the 2-minute. It's just very aggressive, so you have to keep that in mind. The other setups that I trade, again, are really simple. I trade breakouts, and I trade retracements. Stock opens, starts to move, consolidates for a while, I'll place my entry above the consolidation, stop loss below, and I will go for the next breakout.

Or, I trade retracements, where stock moves up, and it pulls back, and I'll look for a buy the dip opportunity, especially if the 20 MA is under price and trending higher, and we see a retracement into that 20 MA that we talked about earlier. Or, if it's a breakout, we see a consolidation into that 20 MA. So, honestly, this strategy is pretty straightforward. Every single morning, I evaluate the top gap ups and the top gap downs, and from there, once the market opens, I find a predefined setup to trade that gap.

So, I develop my bias based off the gap in the pre-market, and then I trade that bias via a predefined setup, whether that's a retracement or a breakout or a high low pattern. Of course, that's going to depend on the trade. And I want to show you a trade that I took on the VND in late February. And this trade, right off the bat in the morning, like 15 minutes into the day, made me $828. This was on February 23rd on the VND.

So, this was the, you know, my results on that trade and I want to go ahead and show you the setup. So, the VND the previous day gapped from 576, and then the next morning it opened at around 803. So, this was a 39% gap up, and this completely ended this downtrend. It shocked all of the sellers who went short on this move lower. I mean, this thing dropped 28% in the couple weeks before this gap, and then all of a sudden it's gapping right back up to the highs of this base.

So, very powerful gap that's shocking all of the sellers who went short here. And maybe there were even some people who were in it long who got out here or here, and now they're feeling FOMO now that the stock is back up. Now, this stock did not quite clear above this resistance right here. We have two kind of highs, right? We didn't quite clear above it. It would have been really good if we cleared above this resistance.

We gapped kind of right into it, but nevertheless, it was still a really powerful gap and I took the setup off the 1-minute time frame right off the bat in the morning. I saw a breakdown failure where we started to base, we attempted to move lower, and that move lower failed. And as soon as I saw that, I wanted to go long, and I placed my entry above 813 over the highs of this little base, and >> [clears throat] >> I placed my stop loss directly below the lows.

And I was able to catch this move higher right here, and I took profits right around here. I think this is when I trailed my position and I was risking like $450 on this and I ended up making 830. So, a touch shy of two R's on this trade, but really nice setup. And if you go to the 2-minute time frame as well, this was basically kind of like a 2-minute high low. Maybe not perfect. There were two 2-minute candles, but I placed my entry above that doji, stop loss below.

Right after we had a breakdown failure and I was able to catch this move to the upside right off the bat in the morning. Let's take a look at another trade that I took in early March. This was on the turb and this made me about $1,000 right off the bat 15 minutes into the trading day. This was a quick scalp that I was able to take advantage of. So, let's look at the chart here. So, the turb was actually in a daily downtrend and we were consolidating at the lows.

And then all of a sudden it gapped from 67 cents to a dollar and 14 cents. So, this was a 70% gap up and we were gapping above this entire downtrend. So, we were effectively ending the trend lower and I thought that was really powerful. So, from there I went to the 1-minute time frame and once again I was able to take advantage of a breakdown failure where the stock opened, it attempted to move lower, that move was rejected, and from there it just started moving higher.

So, I actually went long, I believe over 115 or so. As soon as I saw the breakdown failure, I honestly just hopped in and I placed my stop loss below the lows of that failure. So, I didn't wait for it to clear over the highs here at 117. I think I hopped in at 114 or at 115. And I just took profits on the way up. I think I took profits at first at 135 and then my other take profit I took at 148. So, half of my position was at 135.

Decent exit. The other half of my position was at 148. So, I caught this initial pop. This was literally, you know, 5 minutes into the day. I didn't take advantage of this pop at that point the stock, you know, became a little bit sloppy, but nevertheless, really nice example where the gap ended the downtrend on the daily timeframe. I went to the 1-minute right off the bat in the morning as soon as the market opened and I saw breakdown failure.

Attempted to go lower, failed. I jumped in, placed my stop loss below the breakdown failure, and I was able to scalp this higher for a nice $1,000 play right off the bat in the morning. Let's take a look at another play. This was from last week, March 4th, and this was on the Indy that had a beautiful breakdown right off the bat in the morning, and this made me almost $3,000 literally 20 minutes into the trading day.

So, the Indy had a overnight gap down. So, I actually shorted this stock, and this wasn't a special gap down. We were already selling off on the Indy. And from there we gaped from 317, and we opened the next day at 263, 17% gap down. I thought it was interesting because it was low priced, it was relatively liquid, and I thought that this gap might end up just continuing the downside move, and I could potentially look to short it and scalp it right off the market open.

So, it wasn't a crazy good gap. It wasn't ending an uptrend or shocking any buyers. It was really just continuing the sell-off from the past couple days. And from there, on the 1-minute timeframe, there was just a beautiful base breakdown where the stock opened, it started to get bought, and then we started to just consolidate. So, I went short at 67. I got in early. Technically, the correct entry was under the low of the base at 65 or under the low of the day.

And at that point, 265 was the lows. So, that was technically the correct entry. I got in at 67. I chose to be super aggressive and it paid off. And I placed my stop, I believe, at 271. I gave it a little bit of room. So, it was a really tight stop-loss, 3 to 4 cent stop. And this thing dropped from 67 all the way to 38 in basically one shot. It did not flip once during this entire move lower. And when I say flip, I mean it didn't go against me once.

And I had I think around 13,000 shares or so. I got out half at 50-something and then I took the other half at 40. And I actually mistakenly exited the first half of my position at 55. I accidentally pressed a button, unfortunately. But, it is what it is, it's going to happen. But, nevertheless, amazing move. I mean, honestly, just one of the easiest plays I've taken all year, where I got in as a breakdown off a gap down.

I took a short and boom, just almost immediately worked. And it made me about $3,000 right off the bat in the morning. I promised to talk about the Marvell breakout earlier in this video. We already talked about the quality of the gap, how it was clearing above this resistance, how it was gapping above a red bar, shocking all of the sellers from the previous day. But, let's take a look at the breakout. And I called this as a 2-minute breakout at $88 right here.

I called this as a 2-minute breakout because we moved up, we started to consolidate. So, I placed my entry at $88 and we started to rally really nicely and from there we began to pull back. And I ended up moving my stop-loss, which was originally at 86.40, under the base right here. I moved it to break even as soon as we started pulling back. And that was a clear mistake. So, I ended up getting stopped out right here at break even and I had to watch it rally all the way to $93 without me.

So, that was a mistake. I didn't make money off this trade, but nevertheless, it was a really nice 2-minute breakout off a high-quality gap. And obviously, we had the 2-minute breakout that I just showed you, but we also had a 5-minute retracement where we moved up and we retraced right into the rising 20 MA on the 5-minute time frame. So, really pretty 5-minute chart and we rallied all the way to 93. So, I kind of messed up this trade. 15-minute looks good as well, but is what it is.

It's going to happen. And let me show you one more that I talked about earlier in this video, and that was the RXT. So, let me go and go back to the gap. We already talked about how this gap ended this downtrend, shocked all of the sellers from this sell-off. Beautiful gap up and I actually didn't trade it on this day. I don't know why. I called it a couple of times and I ended up kind of mismanaging one of my positions, but the first setup that I saw was a 2-minute pullback.

I mean, beautiful. Moved up, retraced, and I think what happened was I got distracted and I missed my entry and at that point, it was already at 115 and I didn't want to like FOMO in. I didn't want to get in late. So, beautiful retracement. Moved up, retraced, nice little doji bar. So, entry would have been above uh this doji bar and this topping tail. Stop loss below the lows of the retracement. Um beautiful move to the upside.

From there, it retraced right into the 20 MA on the two. Beautiful move higher. My next call on it, which I got shaken out of unfortunately, was right here. This was a 5-minute 1 2 3 4, where we have an igniting bar, which is one, resting bar two, another resting bar three, and then the triggering bar triggering the breakout is four. So, this is a 1 2 3 4 play. Some people call it ABCD. You could also just call this a breakout where we moved up, consolidated, and broke out.

And I think I got shaken out of this play. So, I I completely misplayed the RXT. I'm not perfect. Sometimes I'm going to have lapses in my execution. It is what it is. It's part of trading, but you know, a couple of beautiful plays on this RXT. So, again, the gap was the catalyst. I developed my bias because of this gap, and there were numerous intraday setups to take advantage of that bias. And you know, take advantage of this moving 71% to the upside.

I hope you enjoyed this video. If you did, please leave a comment with feedback. Make sure you subscribe to the channel, leave a like, and I will see you on the next video. Hopefully, you can begin implementing this strategy into your trading starting tomorrow, and let me know if you do, and let me know what the results are. And like I said before, make sure you get started with my free 10-plus-hour course. You will not regret it.

I will see you on the next video. Thank you so much.