{"id":251,"date":"2026-05-09T11:03:18","date_gmt":"2026-05-09T11:03:18","guid":{"rendered":"https:\/\/addingtowealth.com\/?p=251"},"modified":"2026-05-09T11:03:18","modified_gmt":"2026-05-09T11:03:18","slug":"scalping-checklist","status":"publish","type":"post","link":"https:\/\/addingtowealth.com\/?p=251","title":{"rendered":"SCALPING CHECKLIST"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><em>A simple, repeatable workflow for fast paced trading<\/em><\/h3>\n\n\n\n<p>This checklist is built to slow your mind down while the market speeds up.<br>It protects beginners from impulsive decisions and gives you a clear rhythm to follow.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>1. BEFORE THE TRADE (Preparation &amp; Filters)<\/strong><\/h1>\n\n\n\n<p><strong>You only scalp when the environment is safe.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Conditions<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Trend is clear (up or down \u2014 not sideways)<\/li>\n\n\n\n<li>\u2610 Volume is strong<\/li>\n\n\n\n<li>\u2610 Spreads are tight<\/li>\n\n\n\n<li>\u2610 No major news in the next 10 minutes<\/li>\n\n\n\n<li>\u2610 Price is not stuck inside a messy range<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Your Chart Setup<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 1 minute chart for entries<\/li>\n\n\n\n<li>\u2610 5 minute chart for trend direction<\/li>\n\n\n\n<li>\u2610 Key levels marked:\n<ul class=\"wp-block-list\">\n<li>\u2610 Yesterday\u2019s high\/low<\/li>\n\n\n\n<li>\u2610 Overnight high\/low<\/li>\n\n\n\n<li>\u2610 VWAP<\/li>\n\n\n\n<li>\u2610 Support\/resistance<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Your Personal Limits<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Max loss per trade set<\/li>\n\n\n\n<li>\u2610 Max loss per session set<\/li>\n\n\n\n<li>\u2610 Max number of trades set<\/li>\n\n\n\n<li>\u2610 You feel calm, focused, and not rushed<\/li>\n<\/ul>\n\n\n\n<p>If any of these are missing \u2192 <strong>Do not trade.<\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>2. WHEN A SETUP APPEARS (Confirmation &amp; Entry)<\/strong><\/h1>\n\n\n\n<p><strong>You wait for your setup \u2014 you never chase.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trend + Pullback<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Trend direction confirmed on 5\u00a0minute<\/li>\n\n\n\n<li>\u2610 Pullback into:\n<ul class=\"wp-block-list\">\n<li>\u2610 VWAP<\/li>\n\n\n\n<li>\u2610 9 EMA \/ 20 EMA<\/li>\n\n\n\n<li>\u2610 Micro support\/resistance<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Momentum Check<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Stochastic oversold (for longs) or overbought (for shorts)<\/li>\n\n\n\n<li>\u2610 Stochastic turning in your direction<\/li>\n\n\n\n<li>\u2610 No conflicting signals on higher timeframe<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Entry Trigger<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 First candle breaks the pullback structure<\/li>\n\n\n\n<li>\u2610 Spread still acceptable<\/li>\n\n\n\n<li>\u2610 Volume increasing<\/li>\n<\/ul>\n\n\n\n<p>If the setup is not clean \u2192 <strong>Skip it.<\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>3. DURING THE TRADE (Execution &amp; Discipline)<\/strong><\/h1>\n\n\n\n<p><strong>This is where beginners lose control \u2014 the checklist keeps you grounded.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Risk Control<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Stop loss placed immediately<\/li>\n\n\n\n<li>\u2610 Stop is tight and logical (beyond pullback high\/low)<\/li>\n\n\n\n<li>\u2610 Position size is small enough to stay calm<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trade Management<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Hands off the mouse \u2014 no widening stops<\/li>\n\n\n\n<li>\u2610 Move stop to break even only when structure supports it<\/li>\n\n\n\n<li>\u2610 Take partial profits if the move is strong<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Emotional Check<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Breathing steady<\/li>\n\n\n\n<li>\u2610 Shoulders relaxed<\/li>\n\n\n\n<li>\u2610 No urge to \u201cmake it back\u201d or \u201cmake it bigger\u201d<\/li>\n<\/ul>\n\n\n\n<p>If emotions spike \u2192 <strong>Exit early.<\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>4. EXITING THE TRADE (Profit &amp; Protection)<\/strong><\/h1>\n\n\n\n<p><strong>Scalping is about small, consistent wins \u2014 not squeezing every pip.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Exit Signals<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Price hits your target<\/li>\n\n\n\n<li>\u2610 Momentum stalls<\/li>\n\n\n\n<li>\u2610 Opposite colour candle forms<\/li>\n\n\n\n<li>\u2610 Stochastic crosses against you<\/li>\n\n\n\n<li>\u2610 Volume drops<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Never Do<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Never widen your stop<\/li>\n\n\n\n<li>\u2610 Never hold hoping for more<\/li>\n\n\n\n<li>\u2610 Never turn a scalp into a swing trade<\/li>\n<\/ul>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>5. AFTER THE TRADE (Reset &amp; Review)<\/strong><\/h1>\n\n\n\n<p><strong>Your mind must return to neutral before the next trade.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Reset<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Deep breath<\/li>\n\n\n\n<li>\u2610 Shoulders down<\/li>\n\n\n\n<li>\u2610 Quick note: \u201cWhat did I see? What did I feel?\u201d<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Review<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 Did I follow my rules?<\/li>\n\n\n\n<li>\u2610 Was the setup clean?<\/li>\n\n\n\n<li>\u2610 Was my exit disciplined?<\/li>\n<\/ul>\n\n\n\n<p>If you broke a rule \u2192 <strong>Stop trading for 10 minutes.<\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>6. SESSION ENDING RULES (Your long term survival)<\/strong><\/h1>\n\n\n\n<p><strong>Scalping is dangerous when you stay too long.<\/strong><\/p>\n\n\n\n<p>You stop trading when:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2610 You hit your daily profit target<\/li>\n\n\n\n<li>\u2610 You hit your daily loss limit<\/li>\n\n\n\n<li>\u2610 You feel tired, frustrated, or euphoric<\/li>\n\n\n\n<li>\u2610 Market becomes choppy<\/li>\n\n\n\n<li>\u2610 You\u2019ve taken 3 consecutive losses<\/li>\n\n\n\n<li>\u2610 You\u2019ve taken 3 consecutive wins (euphoria is a threat)<\/li>\n<\/ul>\n\n\n\n<p>Stopping is a skill.<br>It protects your account and your emotional capital.<\/p>\n\n\n\n<p>My real goal is to help people to develop an income from investing that will make their employment optional. I have developed a library of books on Personal Finance that are largely jargon free and help establish a foundation of how money really works. No matter how constrained your income is you can make decisions that result in growing your wealth over time.<\/p>\n\n\n\n<p>You can find my library at <a href=\"http:\/\/addingtowealth.com\/?page_id=18\">addingtowealth.com\/?page_id=18<\/a> more details are on the Book Index page and don&#8217;t forget to check out the growing list of blog posts.<\/p>\n\n\n\n<p>But if you insist that Day Trading is your desire then you can download a FREE copy of Day Trading \u2013 Beginner to Winner at <a href=\"https:\/\/addingtowealth.com\/wp-content\/uploads\/2026\/04\/Day-Trading.pdf\">https:\/\/addingtowealth.com\/wp-content\/uploads\/2026\/04\/Day-Trading.pdf<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A simple, repeatable workflow for fast paced trading This checklist is built to slow your mind down while the market speeds up.It protects beginners from impulsive decisions and gives you a clear rhythm to follow. 1. BEFORE THE TRADE (Preparation &amp; Filters) You only scalp when the environment is safe. Market Conditions Your Chart Setup [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-251","post","type-post","status-publish","format-standard","hentry","category-day-trading"],"_links":{"self":[{"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251"}],"version-history":[{"count":1,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/posts\/251\/revisions"}],"predecessor-version":[{"id":252,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=\/wp\/v2\/posts\/251\/revisions\/252"}],"wp:attachment":[{"href":"https:\/\/addingtowealth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/addingtowealth.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}