Video summary

My Scalping Strategy is BORING, but it makes me $45,833/Month

Main summary

Key takeaways

Finance

Finance-focused summary (scalping via gap-up momentum)

Performance / claims (numbers & timelines)

  • Claims $548,000+ over the last 12 months day trading stocks (brokerage shown: Charles Schwab).
  • Claims “well over $1,000 a day” using the strategy.
  • Mentions targeting stocks likely to move ~20% / 50% / 100% in a day (or within a couple of hours).
  • States execution is based on setting up every morning before market open at 8:30 a.m. Eastern.

Instruments / tickers mentioned

Gap-up examples (main focus)

  • Frog (trade example): ~20% gap up from $47.26 → $56.38
  • Benf:
    • Examples include $0.48 → ~$0.85 (~75% gap up)
    • Later mentions to ~$1.49 with “~76% move in a single day”
  • WGRX:
    • Examples include $0.39 → $0.87 (122% gap up)
    • Later run $0.88 → $1.46 (~65% move up)
    • Notes an initial downtrend since early September
  • Beyond:
    • Mentions gapping from ~$0.64 → ~$1.01 (~58% gap up)
    • Later mentions another ~60% gap up
    • Subsequent run to $3.80
    • Says one day became untradeable
  • PGNY:
    • Gap to end a downtrend: ~14%–15% gap up
    • Later closed $22.38
    • Describes an ~8% day move
  • EXPE (Expedia):
    • Mentions $219 → ~$247 gap (~12% gap up)
    • Intraday move described as almost 7% after the open

Gap-down / cautionary example

  • laser (gap down example): $210 → $163, ~23% gap down
  • FI (losing trade example):
    • Described as a large gap down below support
    • Shorted via high-low on a 5-minute chart; stopped out
    • Later went sideways

Other tickers from screener examples (gap % list)

  • MSGM (128% gap up)
  • TSC (59% gap up)
  • VME (59% gap up)
  • SND (60% gap down)
  • ELDN (43% gap down)

Market / platforms (tools referenced)

  • TradingView
  • MarketChameleon
  • Thinkorswim (TOS)
  • Level 2 / order flow
  • Chart timeframes referenced: daily, 2-minute, 5-minute, 15-minute

Core strategy framework (step-by-step / methodology)

Pre-market routine (bias + watchlist)

  • Every morning (before ~8:30 a.m. ET):
    • Build a pre-market watch list of stocks showing momentum, trending direction, and significant volume.
    • Primary focus is gap-ups (overnight upward price change).

Scanning / filtering for gaps

Gap % is sourced from tools and screeners:

  • TradingView: Stock screener → Extended Hours → sort by pre-market gap percentage
  • MarketChameleon: pre-market top gainers/decliners + most active
  • Thinkorswim (TOS): add a “mark percent change” column to sort biggest gap ups/downs

“High quality” gap-up rules (daily chart criteria)

  1. Gap up that ends a downtrend
    • Use the daily timeframe.
    • The gap should surprise/end sellers and potentially trigger momentum.
  2. Gap up above resistance that clears a critical resistance area
    • Gap ideally lands directly above resistance (not too far above).
    • Interpreted as triggering a larger breakout (daily/weekly/monthly context mentioned).
  3. Bias
    • If criteria are met, bias is long.

Trade selection rule (execution discipline)

  • Don’t trade every gap up.
  • Take an actionable setup in the first 30 minutes.
  • Skip low-quality intraday setups (claims skipping >95% of gaps).
  • Occasionally be flexible if the gap is exceptionally high quality.

Entry setups used (intraday, near open)

Setup A: “High-low” / opening range breakout (most emphasized)

For gap-ups (long):

  • Wait for the first candlestick to form.
  • Entry: above the high of the first candlestick.
  • Stop loss: below the low of the first candlestick.

Gap-down short concept (parallel):

  • Entry: below the candlestick low
  • Stop loss: above the candlestick high

Timeframe guidance:

  • Aggressive: 1–2 minute chart (first/second minute)
  • Preferred (safer): 5-minute chart to reduce whipsaw/stops

Candlestick size guidance:

  • Prefer a small/narrow-range first bar for better reward-to-risk.

Setup B: Breakouts and retracements (toolset)

  • Trade only “simple” setups:
    • Breakout: entry above a defined base
    • Retracement: buy the pullback into a level
    • Video references a rising ~20-period moving average as an example support/respect zone

Risk management & cautions

  • Stop-loss is fixed relative to the first candlestick (high-low framework).
  • Selectivity: avoid trading most pre-market gaps; focus on first 30 minutes actionable quality.
  • Acknowledges intraday failure risk:
    • Shows a losing trade on FI after a large gap down below support
    • Shorted via high-low on ~5-minute chart; stopped out
    • Later went sideways

Example outcomes / key moves (from named tickers)

  • Benf
    • Examples include ~75% gap up day
    • Describes a day move ~76% (figures vary by excerpt)
    • Mentions an open ~84 cents followed by a strong trend
  • WGRX
    • 122% gap up
    • Initial runner to ~$1.46
    • Later described as ~65% move from the cited start
  • Beyond
    • Initial ~58% gap up
    • Later momentum run to ~$3.80 (described as multi-day; scalps on a later day)
  • PGNY
    • Gap up (~14%–15%) ending a downtrend
    • Described ~8% day move; closes at $22.38
  • EXPE
    • Gap from ~$219 to ~$247 (~12% gap up)
    • After gap: described almost 7% intraday move
  • Frog
    • Cited as ~20% gap up ($47.26 → $56.38) used as a gap-up illustration
  • FI (loss)
    • Short via high-low on ~5-min after a large gap down
    • Stopped out, later went sideways

Disclosures / disclaimers

  • No explicit “not financial advice” disclaimer appears in the provided subtitles.
  • Mentions transparency by showing a Charles Schwab account and refreshing the page (as proof of claim).

Presenter / sources

  • Presenter/author: Emanuel (spoken as “Emanuel” in the subtitles)
  • Referenced sources/tools (not presenters):
    • TradingView
    • MarketChameleon
    • Thinkorswim (Thinkorswim / TOS)
    • Charles Schwab brokerage account

Original video