Lift Off Alert: Our Intraday Scalping Shines! 20% Off Celebration Offer for my friends (30 Spots Open)
Take 1 year to learn this skill. It will pay you over and over and over again.
Important Note: I am so grateful to help so many people navigate this recent market environment. Members have noticed that I have honed very deep into providing daily levels for ES (S&P 500) and NQ (Nasdaq-100) over the past 60 days in our pre-market plans. You are probably curious what these levels even do for your portfolio alpha when truly understood and applied. It’s time to share.
Now that my intraday scalping strategy is shining (see below), I am urging you to spend one year for your time to learn this skill (it will be WELL worth it) on top of long-term investing. For this weekend ONLY, I am opening up 30 spots for our Community at 300/year (20% off from our 375/year level) until Sunday 4/20 midnight EST. Please take advantage of this opportunity while it’s available. Sign up below.
Prices will revert back to 375/year on Sunday Midnight. Sale begins now.
Dear Everyone,
My private Members know that I work day in and day out to uplevel my skills, and once sufficiently acquired, I share my experience and findings to the Community once appropriate.
In particular, folks may have noticed that I have added a new powerful approach (Intraday Scalping) on top of my regular intermediate-term/long-term strategy. Below I discuss why.
If we are traders, I sincerely believe that our trading portfolio’s equity value ISN’T simply about our stock picks and our macro views.
I believe our equity curve is a reflection of our most important asset: our Mind and our Process.
It is a reflection of how well do we follow our developed process and what is our willingness to learn new skills as the environment changes. It is also a reflection of how much heat we can take when things get tough (i.e. do we sell at lows) and how much we can compress greed (i.e. do we buy at highs) during full-scale bullish environments.
Surviving China’s Bear Market in 2022, 2023, AND 2024 has helped me gain a level of perspective that I would not have had if I didn’t go through it.
As folks know, I now employ 2 strategies: Intraday Scalping and then Intermediate-Term Investing/Long-Term Investing.
In this environment, I can assure you that most long-term investing accounts (like IRAs and 401Ks) are taking a hit. Mine included. Given long term investments are buy & hold accounts, it is very difficult to escape the broad market weakness. It doesn’t make sense to “go to cash” in a long-term account. After all, it’s Long Term. This is a period that will simply have to endure for long-term positions. Plain & Simple.
Where we add significant value is applying timeframe diversification on top of our long-term positions with a more active one like Intraday Scalping or Intermediate-Term (swing) investing.
See below.
I have worked hard to build my portfolio equity curve in 2024. Please understand that my goal in intraday scalping is NOT to beat the market. My goal is to follow my intraday process, see what the market gives me, and then have this be a cash flow supplement (if green) to my long-term holdings.
Let me give some context.
In mid-January, folks may remember that the Hang Seng Index and Hang Seng Tech Index suffered a tremendous -20% crater.
I had to take losses on all my China positions and made a huge decision to pivot to apply Intraday scalping work.
Ever since February/March this year, members may have noticed that I give NQ (Nasdaq-100) (and sometimes ES/S&P 500) key levels every single day in my Pre-Market Monday-Thursday. Below is the outcome of what can happen if applied correctly (and I diligently work on this every day).
Intraday Scalping has completely transformed how I view the market as I now have a dual lenses (Trader and Investor).
From being dragged down by China in Mid-January to pivoting to Intraday Scalping and now leading the Nasdaq Composite (+1.8% YTD) and the S&P 500 (+4.15% YTD), I want to motivate everyone to see that this is what hard work can do.
A changed environment has forced me to add new skills on top of my intermediate-term approach. I KNOW that intermediate/long-term investing alone will not cut it.
But from a practical standpoint, I do not really care about beating the market. I really don’t. That is not my job. My job is to be Green. To build my portfolio more than I had the previous week, the previous month, the previous quarter, etc.
Will there be set backs in the process? Of course! That being said, My job is to improve every day. Refine my process. Follow how market structure is evolving and follow my plan. All I can do is put forth my best effort. That is ALL I can do.
In particular, this month in April which has been an exceptionally difficult month for markets, Intraday Scalping has been the only way I’ve found to find opportunity. I’ve talked about this extensively with members that timeframe diversification is the only way to find green when markets are going down.
This month, Members know that 90% of my ideas have been Bullish Scalps. My equity curve in April may look like I shorted or bought Puts on the market, but I did not.
Members know I like to trade the long side. This is because I really would not want to get trapped on the short side as that causes a large Opportunity Cost.
90% of my ideas discussed in our pre-market note tend to be buying-the-dip scalp ideas with a very defined profit parameter.
So, this begs the question - can everyone learn Intraday Scalping? I have to be honest. It is NOT easy. My answer is that I’m not sure everyone can learn it. It takes a special type of personality to “get it.”
However, I am determined to help you if you want to learn it. And also, even IF you don’t learn it, following my daily context which I provide WILL help you be a better long-term investor. Intraday players are the people in the battle front lines of the market every day. Those who are on the front lines naturally will have a better pulse of who will win the ongoing war between bears and bulls.
My thinking is that this skillset requires about 1 year to learn. Is it worth it? Only you can decide for yourself.
This skillset has a few pre-requisites:
Someone who has considerable mental strength and patience (can handle intraday drawdowns before target is met). I would say having strong pain tolerance is among one of the most important characteristics for both scalping and investing.
Someone who isn’t too financially constrained (you can’t do intraday trading if are financially stressed)
Someone who truly understands that the market operates on distinct timeframes - (i.e. it can be bullish in the next 30 minutes even though the overall day is bearish)
Someone who loves research, dig deep, and study market structure as it evolves.
Someone who isn’t greedy and won’t say “oh I sold too early” or “I could have made more”.
Someone who truly/deeply respects the Limit Sell Order and won’t pull it because they think the market is going to go higher than their original target
If you believe you have these qualities, I think my Community can help you.
However, you must have all 6 qualities. Missing even one of will lower the probability of finding success in this arena. Greed will crush intraday scalpers. Regret will crush intraday scalpers. Learning this strategy is by definition accepting that you are participating in the market when it is most favorable to your edge and then leaving immediately once your limit order is filled.
Every dip, every crater, every Bear cycle will make us stronger traders/investors - if we take the time to really learn from it.
If you’ve been following me for a while, think about our evolution. We not ONLY do long-term investing (which everyone out there does), we ALSO have developed a passion for scalping (which not many people know how to do or can’t be bothered to do it).
This is what makes us different.
Fine by me - if others don’t want to learn it and want to be sitting ducks as the market environment becomes more hostile, I’m looking for the people who DO want to adapt to this changed landscape and invest in themselves by learning this skill.
Until Sunday, I’m giving 20% off our Community entry (annual) for 30 spots who want to join us. Take advantage of the annual offer. Do NOT sign up for monthly. This skill cannot be learned overnight. You cannot learn skill in a month. It’s not possible. Give yourself 1 year.
On top of my existing market experience, it has taken me personally about 6-9 months to really hone in on scalping. My experience from China’s bear market accelerated my learning.
Ask yourself a few questions:
Even if you paper trade for 6-months or one year (highly, highly recommended by the way), what would it mean to you if you begin to develop a skill that helps you repeatedly find intraday profits
Even if you are a long-term investor, isn’t it also a valuable skill to have to complement your long-term positioning?
Here’s what you get:
Pre-Market Plan (Before the Opening Bell) sent on Monday-Thursday on expected intraday market context. This is precisely where I highlight key levels for the U.S. indices (I focus on NQ because my specialty is tech, but I also give ES levels periodically) that I think reactions may occur
Daily Strategy Note sent on Monday-Thursday where I comment on topics ranging from Macro Research, Intermediate-Term Stock Ideas, and Long-Term Stock Ideas.
Digital Library that has an Options Bootcamp Material as well as educational resources and books for investing and trading.
Bonus: DCF Conclusion Studies. By seeing my process with my DCF Conclusion Studies, you can see my approach with stock selection and “how” to form a Bull/Bear/Base case. This is fantastic for fundamental investors. My DCF Conclusion studies on FAAMG heavily contributes towards my NQ / ES Daily Levels. There’s a lot that goes into the pivotal levels that I share.
My broad mission is that no matter what the landscape holds, I want to equip you with a specific set of skills that can exploit the specific environment that we are in.
My language in my notes is simple. It is basic. Everyone can understand it. You do NOT need any financial background. You just need to learn slowly but surely. My views represent my closer observation of the only truth in markets: price action.
Together, we will prevail in this market. I hope you take advantage of what I have to offer for you.
-20% off Annual. This weekend only. 30 Spots. Notice that I haven’t done special sales all year.
Why now, when markets are weak? In a bull market, everyone is seemingly a winner.
As the environment gets more difficult, you will be able to see who is left standing with a real strategy.
Let me show you my true colors.
For my existing members, I hope this note invigorates you to trust my process more than ever. As I am always learning and growing new skills, the best is yet to come.
I wish you all the best! I want to help you!
Come!
Special Offer Link (if Button does not work): https://larrycheung.substack.com/ef25fa8f
To your success,
Larry Cheung, CFA