The PlayBook Checkup: Breakout $TSLA (Video On Demand)

Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. Watch this video review of $TSLA Breakout Trade.


1) This trade offers an example of a news event that substantially moves a stock. In this case a surprise move to the upside on product sold.

2) Watch how this pro trader waits for price to confirm his long thesis and controls his R/R.

3) Aspire to be at your trading station with the feel that you are in the Real Trade, with your R/R opportunity, and in control of the trade. This is how you get paid.

You can be better tomorrow than you are today!

Mike Bellafiore

PS: After four months of waiting SMB DNA has reopened! Receive your free three videos on the core concepts for SMB DNA here.

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2 Comments on “The PlayBook Checkup: Breakout $TSLA (Video On Demand)”

  1. Excellent trade description, thanks, it really made me think!

    I find some ambiguity with the hard or manual stop. I always use a hard stop, partly because as you say a fast mkt can result in a much larger loss than planned. What is the advantage of using a manual stop only?

  2. Terrific question! Inspired a blog post coming: What is the advantage of using a manual stop v a hard stop?

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