SMB Trading Lesson of the Day: Buying Pullbacks on The Open

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In this SMBU Trading Lesson of the Day, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about a trading pattern that’s been working in this Bull Market.

Highlights from this trade:

1) This pattern works extremely well in a Bull Market.

2) Incorporate this strategy into multiple timeframes.

3) LOW gapped up significantly on earnings; see Mike’s thoughts on how he planned to trade this after watching HD trade yesterday.

4) After the gap up, LOW was extremely weak on no news, but then it reversed strongly to the upside.

5) Are traders getting too aggressive on the sell side as a means of getting the stock marked at great prices where they can ultimately buy?

We hope you enjoy this trading education video.

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You can be better tomorrow than you are today!

Mike Bellafiore

One Good Trade
The PlayBook


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