How To Make A Living Day Trading This One Simple Strategy (Real Results)

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How To Make A Living Day Trading This One Simple Strategy (Real Results)

Рет қаралды 67,815

Scarface Trades

Күн бұрын

Пікірлер: 217

@kaz9953 10 ай бұрын

I use this strategy and your 5 min opening range strategy daily! I use this high/low strategy when I don't like the opening range price action. still working on being consistent and not over trading, but this is keeping me profitable. thank you for the knowledge. working on this being my retirement plan!!! keep up the great work/videos brother. I appreciate you!!!

@ScarfaceTrades 10 ай бұрын

Love to see it! Glad it's helping you!

@CDIMM112 10 ай бұрын

Same here. So simple yet so effective.

@CQTrades 10 ай бұрын

What video is the 5min opening range?

@kaz9953 10 ай бұрын

I can't remember, but basically you mark high and low of first 5 min candle of open. then you enter on break or retest of high or low level. just like the premarket high/low Strat, but off of 5 min opening range. @@CQTrades

@barryrangel1298 10 ай бұрын

Does anyone know what DTE option he uses

@wavygallagher 9 ай бұрын

You are a really good teacher. I haven't started trading yet but I've learned a lot about price action and key levels from you. I love this strategy!

@StevenMetztalks 9 ай бұрын

I used your 5 minute opening range strategy today and then traded in an upward range channel today. Great work and clear information. I am subscribing now.

@floydsmithjr7999 9 ай бұрын

Just remember, what works today may not work tomorrow. I’ve noticed generally whatever you’re doing will work for 2 or 3 days, then not work for 2 or 3 days. But don’t scrap the strategy because then it will start working again. Sometimes it may go through a whole month of suck before it comes around again. I believe you have to develop specific strategies for specific situations. If you’re scalping you may have to scale back to longer term trades. Maybe inside bars were working, now engulfing bars are working. Then you have to learn how to recognize what kind of action is happening so you can implement the correct strategy for that action. Don’t get to comfortable in one place, it’s always changing. I saw an interesting comment in a chat the other day, they said: “When in doubt, zoom out” I try not to stare at live charts for more than 30 minutes at a time. Get up, get out, smoke a cigarette, take a walk. If you stare to long you’ll go blind, or worse than that, you’ll see things that aren’t there. Then there’s this upcoming week, a holiday. Is it going to be a low volume everyone’s on vacation week? A profit taking off a bullish run week? A load up for the end of the year week?Who knows, you’ll hear predictions with certainty in every direction, but you won’t know till the s*** hits the fan. I don’t know what to expect so I’m not expecting anything.

@richwar2417 10 ай бұрын

I hope people listen to the end about taking profits off the table, such as valuable thing to understand.

@HisDudeness2020 4 ай бұрын

I really like the 5-min MOS and Pre-mkt Strategy, which is simple and effective. I appreciate you showing the wins and losses, further cementing the notion that no trade strategy is a 100% win. Frankly, with SPY being choppy, sideways, and lack of momentum these days, I tend to move my stop loss closer to my profit target to protect whatever gains I've made. Personally, I'm still working on the confidence to keep holding and allow the trade to play out. I'm only 6 months into trading, so that'll come with time. Thanks again for your videos, they are great!

@jessleed100 9 ай бұрын

I am huge fan of your videos! Was there a slip of the tongue at 5:51-5:53 that ".... entering a Long position with a profit target of a Pre-Market High from two days ago..." , not Short?

@patsyscash 5 ай бұрын

Hi I just started watching your videos yesterday and I am hoping I can learn what you’re teaching.can you mention what charts platform you use.

@stevanfarmer8124 10 ай бұрын

Solid content brother! Your pre marketplace high/low occurs after midnight right?

@juantejada655 7 ай бұрын

Loved this video. Thank you for sharing!

@Jcrusadr 7 ай бұрын

Your videos are the best Tony! I go thru them daily. I always seem to pick up something new all the time. Hey - thanks for making the videos. Remember God is the giver of all good things. Thank you.

@javamochafrap 10 ай бұрын

Which do u have best trades with? 5 min range or the premkt range/ breakout ?

@markkopaczewski2072 10 ай бұрын

I enjoy your content and education. Just curious, is this viable to use for futures/forex?

@desmondlittle7200 9 ай бұрын

Can you do a video on how to take profit and how to find your take profit target. Because I’m a little unsure.

@felixmaki6255 9 ай бұрын

Yes.. Please need video on that

@peterdeck5472 10 ай бұрын

Thankyou, but more info on Pre-Market needed please. Seems pretty improtant yet skipped over it. For example is it the PRICE gap between timzones on something like a Forex Pair? Or the the previous close to open of a stock?

@vanvan21calds91 9 ай бұрын

newbie here, i want to try this strategy.thank you for this video sir.

@IvanMY777 9 ай бұрын

Hi Sir, thank you for all you videos and detailed explanation. Could you make a video on how do you execute your trade in the trading platform? And how do you calculate how many contract to enter and risk based on the stop loss? Do you have a spreadsheet to plug in the enter and exit price? then calculate the amount of contract to enter? This strategy is in minutes. I wonder how fast do you calculate and enter and exit.

@doc_holliday9280 9 ай бұрын

Are you trading options or shares with this strategy? If price doesn't move quick enough in our direction seems very hard to profit even if we hit our target. With options

@hryvns 7 ай бұрын

I would like to know the same. This isn't clarified in any of his videos. Yet he has tagged it under options trading

@TRIZZZ70 4 ай бұрын

I HAVE A QUESTION: first of all, thank you for your videos. You have done videos on both the pre-market high and pre-market low trading strategy, as well as previous day high and low strategy. Which strategy is better? When should you trade one versus the other? It would be awesome if you could do a video about the subject.

@kevinh3238 10 ай бұрын

Is pre market high and low the highs and lows of the day before?

@blackumbrellasoundlabz830 8 ай бұрын

Video well put together .I'm Mos Def subbed and trying to join the class

@1roxtube 5 ай бұрын

Kinda looks like a one minute chart based on the time stamp below and the amount of candles in between the 15 minute marks

@jk1nole 10 ай бұрын

I started using this the last time you posted about it and it has really helped. When I don't take it and it works out... I get so angry at myself. Can you give any color to what you are trading? Regular calls / puts? Spreads? How far out on expiry?

@hryvns 7 ай бұрын

Is this options trading or are you using a CFD broker? if it's options then it's not really true when it comes to the risk/rewards you are placing on the charts (when you factor in the various extra things that go into options trading like the diminishing value of the contract...) it would be good to clarify this.

@stuartmccallum9795 10 ай бұрын

Video error 5m50s: We are looking for shorts then takes a long?

@drsandipsingh 10 ай бұрын

Good Observation 👍🏻😃

@frafra40 10 ай бұрын

He confused, I think he meant we are looking for long because, if you paid attention, 1 minute before he cleared said that if we break pre -market high we going long. Also he said that the target would've be at a previous high so he clearly just confused the word

@buatsubs3961 9 ай бұрын

thats why he never trade live with real money 😅😂

@gssaran88 2 ай бұрын

@@buatsubs3961ya he does

@normanutsey4393 8 ай бұрын

My problem is working in the medical field. I usually only have time to trade on Mondays and Tuesdays. I would love to be able to quit my job and do this for a living

@tanidasaksit1295 10 ай бұрын

can't wait for your mastermind class Tony.

@tanidasaksit1295 10 ай бұрын

I would love to.. thanks Tony

@tanidasaksit1295 10 ай бұрын

I haven’t get any info about ur 2.0 class yet

@twanmarien3122 7 ай бұрын

Dankjewel voor je tijd en moeite

@AmitParmar-go2dp 8 ай бұрын

Good evening sir, your all videos are very awesome and informative content, thank you so much for your efforts ❤❤❤❤

@GamerzFaiths 10 ай бұрын

What time frame do you look at and what time frame do u trade on

@devilkiller52 10 ай бұрын

What is the time frame you are using

@user-js3tp2rf8u 9 ай бұрын

5:53 it should be: taking position for long

@andreap795 9 ай бұрын

Would this be good for forex/metals?

@williamporch3090 9 ай бұрын

Thank you, in a world of a million and one variables, I really like the simplicity of this strategy. Cuts out a lot of the noise. Can it be used effectively in all markets, I tend to trade FX and Indices. Thank you, Will

@johnreyalastra261 10 ай бұрын

Sir Scarface, is this strategy also works for currency pairs and gold trading?

@hanudarji1344 10 ай бұрын

My friend what time frame do u use ?

@davidnoel3996 6 ай бұрын

I am a complete novice-How do you "scale out" if only trading $100-$200 positions? Do you offer training for new traders (to include chart set up)? I understand the patterns you showed in this video, just not the mechanics of actually executing the trade.

@tigersx41 10 ай бұрын

Just wondering if you ever trade Futures like this?

@d.williams7887 7 ай бұрын

@ Scarface Trades, I really appreciate your videos. I am completely new to trading and over the past few weeks I have seen a lot of "How-To" content on YT. However, your teaching method and delivery really suits my learning style. I feel I can and will learn a lot from you on my journey to profitable investing. My question though, is what type of trading is this that only requires $100.00? Is this options trading? Or can I eventually open an account with a broker and actually start trading the style of trading shown in this video (and some of your videos) with just a few hundred dollars in my account? I hope you or someone/anyone else on this tread can answer this question for me. Thank you!

@sumith007 10 ай бұрын

Love your video's and waiting to join you soon.

@ScarfaceTrades 10 ай бұрын

Good to hear!

@filipbelgio1101 10 ай бұрын

Thanks for this video!! I wonder, do you take the peak at 8 o'clock in the morning into account to set the pre market levels or not? And which shares can you recommend for a small account for people who cannot take 500 Tesla shares? I would like to see your channel grow in the future , this is a joy to watch!

@bobbiejean6808 10 ай бұрын

I know I'm not the author of this video but, to answer your question, options are a great instrument to trade with a small account. Look for options with a delta of .70 or better (the closer to 1.00, the closer it's value follows the price movement of the underlying stock). Trade options just like the stock [with the added benefit of leverage built right in without necessarily having to use margin (you CAN use margin but it adds a whole 'nother level of risk so, I don't recommend it)]. I find the options that fit my budget (for lack of a better word) and fit the criteria of .70 or better delta are zero day expiration options (in other words, options that will expire at the closing bell the same day) and in the money. BUT BE WARNED: You absolutely MUST exit the position before the closing bell! (Otherwise you risk having your option automatically exercised which turns a small money position into a VERY BIG money position.) With all that said: If you're new to options: Call(s) = long position Put(s) = short position Pick the appropriate position (calls for a long position and puts for a short position) that fit the above requirements and you too can trade tesla (or any other expensive stock that you like).

@boredhatchi5297 10 ай бұрын

Entry is OBSCUR .. you don't know when to enter .. he shows 2 or 3 candles sitting on the high/low.. you just won't know.

@uswjmc22 9 ай бұрын

It's not very well explained

@silentsizzle007 3 ай бұрын

Excellent Video - Near 6 mins enter a short should of been enter a long.

@luckydennoh7083 9 ай бұрын

So profitable strategy and sure entry

@vikmodely4658 8 ай бұрын

Thank you so much for sharing, does this strategy works on Oil and silver?

@willslade5146 6 ай бұрын

I really love your videos, so much information, do you do one on one at all just asking cheers.

@danielolaoye4423 9 ай бұрын

Please, what timeframe are you using?

@dcnnick 3 ай бұрын

At the 10:43 mark, why would you not have shorted when the green hammer candle retested the high?

@los29 10 ай бұрын

Damn Scarface! Pure GEM! Simple and straight to the point! Love the vids!

@ScarfaceTrades 10 ай бұрын

Thank you!🫡

@balancejedi162 8 ай бұрын

This is all well and good but you don't mention how you're marking your premarket or what time frame you're doing this on

@some5672 4 ай бұрын

on the first trade you said you're looking to go short but you went long

@26tntljb30 7 ай бұрын

I have a couple questions the first one being....does your previous day high low strategy and your first 5 minute candle strategy work with options or what kind of trading are you doing?

@archetype1987 8 ай бұрын

5:52: Why would you short there, besides hind sight being 20/20? The candles broke the PM level and all were closing above that level.....who sees that and says "OK short?" update: You misspoke.....you meant to say "long"....which makes more sense.

@jimdaytrades 9 ай бұрын

When plotting premarket levels, what time is considered as premarket? Is it right after market close to market open?

@yossigavish7835 9 ай бұрын

How about Heiken Ashi candles? They show a much clearer trend

@chinawhite932 9 ай бұрын

Thank you very much!

@upinoyatbp.5165 9 ай бұрын

What broker are you using in Canada?

@raymondfeng521 10 ай бұрын

6:06 you said we can go for a short but then you go long? I'm confused

@ShyMplsMale 10 ай бұрын

I caught this too. I believe he meant long.

@edwinr1980 10 ай бұрын

Hey what’s up. I understand your confusion but he meant a long and by mistake he said a short , but yes it was a long.

@thiennguyen0411 9 ай бұрын

What strategy we will use when it’s open near premarket high and go straight up and never retest the premarket high?

@rc4636 10 ай бұрын

Thank you, easy strategy. What time does the pre-market starts on Nasdaq?

@thebrain3650 7 ай бұрын

On what Time Frame are you marking out your Pre-Market Highs/Lows???

@towbee123 10 ай бұрын

Can you use this for Crypto?

@FJRflow 10 ай бұрын

Just wanted to make sure that I understand correctly you’re marking out the highs and lows leading up to 930 market open? So you’re marking out the London session highs and lows? Thank you again for all your help!

@marsmith3411 10 ай бұрын

Wondering this also🤔

@zayfirstplace 10 ай бұрын

i think he is, cause that basically pre market london

@shivamurthy3545 6 ай бұрын

hi sir we in indian markets dont have pre market levels will be using ur 5 min open range strategy

@chuckcruz 5 ай бұрын

Which timeframe is considered pre-market?

@marcustoney7762 9 ай бұрын

Do you mark the body of the candle or the wicks????

@rodbowles3104 9 ай бұрын

What time frame are you using. Most videos fail to tell the time frame used

@holbrook-ul9cf 10 ай бұрын

But most old school traders don’t look pre market data they look at previous day high and low plus yesterdays closing price

@emmanueloyedeji1197 9 ай бұрын

Do you need to know the price direction in the higher time frame. Like LH, HH, HL, etc. Do you also need to factor in demand and supply. If price breaks pre-market low and in a daily demand , would that be ideal setup?

@manufilms29 7 ай бұрын

Are these options you trade or is it futures? thank you

@FunnyAnimals37632 9 ай бұрын

How to mark pre market ?

@andybremner2173 9 ай бұрын

What hours are you using to mark yout Pre Market please? Is it 1/2/4 hours before the market open? TIA

@teerapatr.8406 9 ай бұрын

The question is where can I trade stocks with leverage like this? I only know about forex with mt4 and mt5. I need a video to explain about the broker and how to use leverage pls thank you.

@brianchinoski6413 10 ай бұрын

Can I get in the mastermind.

@adamsquires5006 9 ай бұрын

Are you looking at pre market highs and lows on the daily chart to mark out and then going into the 1 min to trade?

@Paradiseojtv 9 ай бұрын

What timeframe are you using for your pre-market highs and lows?

@PoppinsFx 9 ай бұрын

can you make a "This is how I find which levels are my premarket high and lows" (at what time are they generally found) Other than that, your boy liked the vid for the algo gods.

@outoftime788 10 ай бұрын

how long can u hold a trade? can u hold for a day or longer?

@leomalmberg7619 9 ай бұрын

Great video! What platform is this that you trade on?

@stephenhoelscher 9 ай бұрын

What time are you analyzing. I trade forex. Will this work for forex?

@jennifermontecer8675 9 ай бұрын

hi new subscriber here, is that also applicable in cryptocurrency?

@sabrinajade53223 4 ай бұрын

is this good in forex?

@thefactarchive Ай бұрын

Im having a hard time determining how to identify the retest, becuse sometimes it doesn't touch the pre market high/low yet it just continued getting higher/lower.

@thefactarchive Ай бұрын

Also, should I wait if the retest is a different colored candle? like if it broke the high of the pre market, and the next candle wicked unto the level but it is a red candle, not a green one.

@ShyMplsMale 10 ай бұрын

I looked back on October 25th for Tesla and it looks like premarket highs and lows were more condensed on eTrade than in this example. I have them at 215.41 and 216.81. Do you have to catch the premarket as it is happening or else the data "gets condensed" after a trading day?

@jacko413 9 ай бұрын

Are your trading stocks, options or futures?

@juankyf5732 10 ай бұрын

Great video! what is the best time-frame to use this strategy on?

@mikkolaine23 10 ай бұрын

He uses mostly 1 min, sometimes 5min.

@datboicuz 9 ай бұрын

how much does the mastermind class cost?

@nadimshabana9759 10 ай бұрын

for the first example you wentlong instead of short

@andybremner2173 10 ай бұрын

Hi there, Does this strategy work on Forex? thanks

@jasonwatsonnet 9 ай бұрын

QUESTION: when you say PM levels, does that include AH levels, as well? Or do you start from 4am? @ScarfaceTrades

@joshiszkula211 10 ай бұрын

So do you not put a physical stop in? You would have been wicked out in that first trade.

@TerryHunter-zg2xl 9 ай бұрын

Does it work on 4x

@lovelifeandbeyond 8 ай бұрын

I could be wrong, but pls explain to me entering short? 5.51 mins video.. Thanks❤

@Christina6552 10 ай бұрын

I probably missed it, but are you looking at the 1m or 5m chart?

@ScarfaceTrades 10 ай бұрын

This was the 1 minute chart!

@mohamb3785d 3 ай бұрын

Which time or session does this occur? Newyork?

@ImJed93 9 ай бұрын

What are the time frames used ?

@ThomasListon 10 ай бұрын

Really great video! Very easy to understand. Thanks !!!

@Gr33n3r123 10 ай бұрын

Hey Scarface I’ve been trying this strat out mainly pre market breaks how do you set your sell point I make it to my target but 80 percent of the time the market keeps going in the direction it was headed..if I think the market is gonna keep going do I hold half or sell a portion or take the wins for what they are thanks!