The PlayBook Checkup: Scalping a Range Before the Drop (Video on Demand)

BellaGeneral Comments, Intraday Levels, Trader Development, Trading Ideas, Trading Lesson1 Comment

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 Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review with Video on Demand: Scalping a Range Before the Drop in $GMCR.

Highlights from this trade:

1) It is possible to make cash flow while a trade is setting up to crack.

2) Learn how to put yourself in this position as a trader: if you’re right, it’s possible to make serious $$, if you’re wrong, it’s possible to scratch or even make some $$ on the trade. Do you want to be that trader or someone who takes a rip when they are wrong?

3) When a Stock In Play consolidates so tightly as GMCR and it breaks, let the stock breathe. It is often a mistake to cover too quickly.

You can be better tomorrow than you are today!

Mike Bellafiore

One Good Trade
The PlayBook

No relevant positions

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