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The Art Of Scalping For A Living
In episode 453 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Jean François Boucher, and talks about the art of scalping for a living. Learn the importance of timing and managing risk, spreading trades, and floating drawdowns.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- [00:00] Introduction
- [00:50] Reviewing his recent trade
- [03:44] Support and resistance levels
- [09:50] Selling when it's expensive
- [15:00] Fixing the drawdowns
- [19:26] Thoughts on the market being compared to a casino
- [21:05] Trading the next move
- [22:38] Managing exits
- [23:10] Managing risk and spreading trades with boxes
- [24:39] Trading probabilities and anticipating future moves
- [26:22] Managing bias and trading within a time window
- [27:31] Clear exit strategy and knowing when to stop
- [39:09] Consistent small profits and learning from mistakes
- [45:17] Where to find Jean François Boucher (link below)
- and much more
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
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- Complete Price Action Strategy Checklist
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
Where to find Jean François Boucher
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
