To understand the value of the YTC Scalper document, you must first understand its creator. Lance Beggs is a full-time day trader with a background vastly different from the typical finance guru. An ex-military helicopter pilot and aviation safety specialist, Beggs brought a unique, systemized mindset to trading.
If you are serious about learning Lance Beggs' system, following the legitimate path is the only way to ensure you get the full value and start on the right foot.
The system achieves its edge by identifying where market participants are caught on the wrong side of a move. When a breakout past a support line fails and reverses upward, the short-sellers are forced to buy back their positions to close them out. This forced buying momentum fuels the scalper's long trade, allowing for quick profit targets to be reached. Market Selection and Practical Execution Liquidity and Transaction Costs
: Clear stop-loss orders are mandatory to protect against the inherent volatility of low-timeframe price swings.