Watch as Ron goes over his $QQQ put scalp from 10/07 and explains not only how he identified the setup, but also how he sized the trade, assessed the risk, scaled out and finally sealed the deal with a profit-taking stop for the last quarter position.
- Ron used information provided by Wall St. Jesus order flow: we saw sweepers stepping into a market that had gapped up while $QQQ's failed to make new highs
- Once Ron was in the trade, he placed an Anchored VWAP at an important level to help guide his exit from the trade
- With scalps, it is important to understand that you are not going to catch the top or bottom of the move, but this was a nice chunk of the move.
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