Scalping with a High Win Rate. Welcome Back AlphaThor! | STR 160

Published: April 9, 2018, 4:45 p.m.

It\u2019s time to bring back a long time member of our community, Mark. He\u2019s much better known via his alias of \u2018AlphaThor\u2019 within the community. He was originally on episode 96, but I wanted to sit down with him and hear how things have been going. We discuss several topics but the one that I could relate to quite well is his current strategy of depending on high win rates to tilt the risk vs. reward into his favor. This topic is one that many people don\u2019t quite understand, so I\u2019m confident it will be helpful to those who need to grasp the \u201cfull range\u201d of how risk vs. reward can work. Lots to learn thanks Alpha, so let\u2019s get to it! Notes: Today we reinterview Mark who goes by alphathor in the community. To recap, Mark started in penny stocks before discovering Clay. This led to him getting educated which ultimately led to his desire to trade options. Mark has structured his job so that he has the opportunity to trade every morning and work in the evenings. He was smart enough to lighten up on his trading as he tried to find what trading worked the best with his personality and strategy. Even though he didn\u2019t find much success day trading to start, he changed up his entry criteria. He would wait for too much confirmation and miss the move. Now he mainly focuses on overextended moves into important support or resistance levels. This is also a high win rate strategy so while the risk versus reward isn\u2019t what you typically think of, this modified version is typical for scalping. Quotes: I tried swing trading options. That didn\u2019t work out too well. I\u2019ve always had a passion for day trading options. I was struggling trying to find my way so I was just coasting and taking it easy over the summer. Since I\u2019m trading against the trend, I would have rather got out for the quick 50 bucks than have it go against me. I\u2019d like to start with 2 contracts then work my way to 3 and building up to 9 in the future. Links: https://claytrader.com/podcast/episode096/