How To DOUBLE Profits by Adding On - Scale In Trading Strategy

what is going on traders so in this video i'm going to talk about how to take advantage of a good setup and we're going to talk about how to maximize our profits by adding on or scaling into our trades i'm going to outline few rules that need to be met in order for us to successfully add on our contracts because a lot of beginners can get this wrong very very quickly and they can end up losing the twice of their initial position so we're going to talk about that so that that wouldn't happen and the

video is going to be divided into two parts so in the first part of the video you're going to see my live training today and how i added on my contracts today live and the second part of video we're going to talk about what was going through my mind as i was looking at the chart and i'm going to explain you my thought process behind me taking these traits so without further ado let's dive into [Music] this [Music] [Music] [Music] so [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] so [Music]

so this was my trading today and i'm gonna talk about the rules that need to be met in order for me to successfully add on and there are four rules number one that the setup has to be with trend setup the second rule is there has to be second entry because second entry is a high probability setup market moves in twos third rule is it has to be at the key entry point because that is the place where high probability setups occur and fourth rule is that the previous correction the previous trend in the bigger

trend has to play out so now we're gonna dive into these rules more deeply the first rule that is being met we can check this rule because the downtrend is strong prices are making lower highs and lower lows ema is pointing lower keeps rejecting prices there are clear trend lines in play for sure downtrend we are only looking for reasons to go short we are not buying this market at all this is a falling knife and we don't want to catch it so the second rule is it has to be second entry second entry in

itself with trent is a high probability setup this is the new right here first century short pull back second entry short this is the first lag that market made and pull back second lag so this is a two legged move up third rule it has to be at the key entry point the key entry point right now here is the ema and the fourth rule is that the previous correction has to play out we have this uptrend working higher we have a break and a new high so after break over trendline is going to be

retails of a new extreme and that will conclude this current trend so all the rules are being met now i'm just going to give you guys a little side note here that when i talk about adding on i mean that my initial position is still in play i haven't been filled in my initial entry meaning i never add on when i already scalp and i'm holding a runner and then i see a good setup that's not a good scaling in opportunity i only scale in when i'm still in the my first position and i haven't

scalped out yet so it was the second entry short at the ema in a huge huge downtrend and prices take a few ticks lower and turned up higher so this right here was a trap to trap early bulls who are trying to go long way too early we don't have a break and a new low yet in this instance so people thought they trapped people like me going short here on a second entry short but this is a strong downtrend and they take a few ticks higher and instantly reverse and i guarantee you everybody who

went along here started to panic because they're going along way too early in a in a huge downtrend this trade right here is still part of a second entry that's the point here i'm still holding my trade i'm still inside of my second entry this slow right here this high right here is lower than this high so this is just a lower height setup and a nice bearish bar and the reason behind adding on here is that this is a second chance for us to enter and this is the main thing that i want you

guys to take away from this is if as you are watching a good setup at the key entry point and you're scared to enter a market makes a trap and you have you know identical entry this still part of the second entry you get identical entry this is a second chance for you to enter that's the whole point in adding on because you can miss the first attempt and it just makes a little trap trap a few people who are trying to you know counter generate early and you get a second chance to enter and

it ended up working nicely so hopefully you guys get a grasp on how why i adding on here and how to add on and you have to be very careful with adding on you have to be experienced trader if you're a novice trader forget about adding on just focus on spotting the proper setups but i know there are a few advanced traders that watch my content as well and are interested in adding on so this is how i manage adding on and this is how i scale in and overall you know i was done with

trading by this moment but as i was recording i wanted to show you guys more trades so i scale down to just one contract because i want to show you guys how i take trades and i only took this this was my last setup so for you guys who are wondering why did i go to one contract because i was already quite tired and i didn't want to risk giving my money back after such a quick easy day so it's scaling back one contract you know if i have a loser nothing really that bad happened

but the thing here today is to recognize the entire structure because this is a huge downtrend this is a falling knife and beginner traders really try to pick bottoms because they keep thinking that the market moved a lot and there is no way it's going to move lower again it already move down so much it has to reverse it has to reverse this is what they're looking for but no market keep going lower and keep going lower this is how the trend works we have a break and a new low so this uptrend played out

there is a key level right here that i found and there's a key level here that i found you guys saw it live now why don't we take this key level entry right here because this is a triple top right here well the biggest downtrend is very strong this is a huge move down we don't just rely on key levels as a pattern we are not patent traders we rely on the overall market structure prices broke lower came back in the trading range i was attempted i was attempting to take a trade here if we

broke lower because this would be first century short second entry short below ema it didn't happen prices came back in the trading range here right right here is the situation that really you need to be afraid of to be honest with you because this is a congestion prices are in the middle of those bars excuse me ema is in the middle of those bars prices are going next to each other side by side and we are in the middle of this trading range so this is a congestion this is a consolidation you skip trading this

and you wait for failed breakout but prices broke higher found resistance at the key level and nice bearish bar is a failed breakout so this is my second trade that i took and my running got stopped out and there's a lower high that in hindsight i think it was a very good setup this is the lower high of this high so we're coming off the highs we're pushing through the ema we definitely pushed through ema right here pull back felt second entry short high probability setup below ema beautiful reversal bar i tried to get in

but i chickened out of this trade i got too scared you know i kicked myself afterwards that will hap that's what happens there's a second entry short right here once again second entry market moves in twos but we're far away from ema and i don't think this is a smart entry because we already once again made a new low price is made a measured move to the measured second tier of a trading range very similar so this is a two tier trading range measured move down and market is starting to reverse at this point because

we already have a break and definitely a few new lows of this bigger downtrend and we have a dungeon working lower we have a break and new low and we have a micro double double bottom right here and prices look how prices pushed through the ema strong move so i think this was a good trade to take and prices made the second leg up this right here is the first leg working higher this right here is the second leg working higher i was contemplating taking these trades but i didn't and i made a mistake because

on a five minute chart look at the nice entry this was on a five minute chart it was a first entry short second entry short at the key entry point so had i been looking at the five minute chart that would prompt me to take this trade but i missed that and you know this is why it was such a great trade market already made a two lakhs this uptrend played out with the break in a new high so time to look for shorts prices made a double bottom and once again take a look how

all the magic happens at the key entry points forget about taking all these iffy setups they're really not the ones double bottom right here market is reversing we have a break attempt to make a new high and we push below ema nice bearish reversal bar i thought we could make move lower but we ended up reversing and it's no surprise market is already reversing and on a five minute chart as well so no surprise we are already working higher but you know hopefully you guys now understand how i head on hopefully you guys enjoyed the

video you get any value from this if you do please hit the like button i would really appreciate it subscribe to the channel if you haven't and just wait for the key entry points if you guys take a look there was so many second entries at the key entry points it's it's a shame that this was you know pre-market open if this was a regular market opening and trading couldn't be easier so you know hopefully this was helpful and i'm gonna see you guys in the next one take care everybody