Trading 101: Know the trade you are actually taking. In this video a promising new trader on the desk describes in step by step detail an excellent trade he made. There was just one problem. It was not the trade he thought he took. Let’s get to work on correcting this rookie trading mistake so some of you don’t lose money making this same error.
View Video Transcripttrading 101 no the trade you are
actually taking hi I’m Mike bellifiore
co-founder of SME capital and we’re a
proprietary trading firm located in
midtown Manhattan and I’m also the
author of the trading classic one good
trade and the playbook click our
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of the videos they’re producing for you
in the trading community in this video a
promising new trader on the desk
describes and step-by-step detail an
excellent trade he made there was just
one problem it was not the trade he
thought he took let’s get to work on
correcting this rookie trading mistake
so some of you don’t lose money making
the same error okay so this is a big dog
consolidation play in a hot sector in
evey on work horse group from late last
month on 624 2020 the big dog
consolidation is plain and simple would
I look for every single day it’s my
a-plus setup and there are specific
variables that we’ll get into that I
look for as well as how I can do a
little bit better on this this is a
setup that you can build an incredible
career out of and it’s the number one
set up that I’ve focused on for the last
two years I really do feel the most
comfortable with this setup and that’s
really important to me I can wake up
with a sense of comfort as there’s a
very systematic blueprint on how to take
this set up as opposed to something like
you know picking a top or picking a
bottom and I can say that when I first
got involved in the market like four to
five years ago you know I was a person
seeing if I could pick a top or pick a
bottom and I was getting ran over on
both sides and it wasn’t until I kind of
found this setup and this play that you
know I got a little bit more systematic
and I started to find some consistency
so I should note before starting that
there’s different variations of this
setup and it has to do with time and
tightness of the consolidation and we’ll
get into that but the longer and the
tighter the better so few reasons why
this setup is so great why I love this
setup and why I’ve focused on it so it
has a well-defined risk at the low high
of the consolidation weather
short you can use hard stops if needed
I’m always using hard stops but of
course many of the times you know many
other time I’m stopping out early if I
get a reason to exit so that hard stop
is that you know full unit of risk but
there’s a lot of times where you know
you get a reason to exit prior to it
so I’ll take it off early if it’s not
working you could get incredibly big if
you’re focusing on the most in play
names with long periods of consolidation
that’s really an hour plus you’re
looking for and that are incredibly
tight so stocks with a flow of greater
than 100 million I really want to see
your ball over 1.5 I want to see them up
at least three percent on the day I want
them to be very liquid and I want them
to have a catalyst whether that’s a
technical catalyst or a fundamental
catalyst if they can have both that’s
even better
stocks with the flow of less than 100
million or of all greater than 3 up at
least 15 percent on the day liquid and
catalyst and these are kind of the bare
minimum with low floats we’re often
seeing you know with stocks with a float
less than 100 million we’re often seeing
them up you know a lot more than 15
percent but that’s what I want to see at
the bare minimum
so then 3 the trigger points are obvious
as it is either the break of the
consolidation to the upside for long or
the break to the downside of the
consolidation for a short and I refer to
this as a timing point these breaks are
where the other side is bailing out of
the position pushing the stock in the
direction as well as people taking the
same side as you also causing a push in
the direction you’re looking for so you
kind of have both sides of the party
involved if you’re looking for a big dog
consolidation to the upside and it
breaks out you have you know Long’s
across multiple time frames taking that
and then you also have shorts being
squeezed out so you have both sides of
the party involved and that is really
important so this setup happens multiple
times a day across a number of
timeframes it takes place in all market
caps and even in other markets as well
those are some of the markets it happens
on alongside and the short side and as
long as you blend
set up with the proper thesis of where
the other side is positioned where
they’re risking overall risk to reward
this is a setup that in my opinion will
never rot away and this is because it is
based off where other people are
positioned and looking to get involved
you have both sides of the party
involved now although I say it won’t rot
away you do have to adapt to different
market environments so if low floats
aren’t running like they once were
that’s something you have to take note
of you might not want to hold on to
these positions as long but the setup
itself is you know going to remain
present for quite some time and it’s not
a setup it’s not as simple as saying
that this is a big dog consolidation
setup so let me get longer short you do
need to be focusing on in play names
have a proper thesis of where people are
positioned and a risk to reward that is
so favorable that the context actually
makes sense to take the position and I
can tell you my first year involved in
the market you know I saw this set up I
came across the set up in every textbook
and I started taking it and it didn’t
work and that’s because I didn’t put any
of the key variables behind it you know
thesis where people were positioned
catalyst multiple time frames
you’d need all of these for this to
actually work might just jump in here
you made a really interesting point
about how this is a trade where you feel
comfortable making you just feel
comfortable and I was listening and
shared with you guys
a podcast with Tim Ferriss and Hugh
Jackman he Jackman is a role famous
actor one of the most talented actors
that we have today he is a movie star
and a stage actor and when asked what
his first love is Hugh Jackman answers
the question really succinctly which is
when he’s on stage he knows this is
where he belongs
that’s such a powerful thing to say he
knows where he belongs and he equates
that feeling
– really a very famous movie a live
really famous movie and makes the
analogy to how the main character
described how he felt about his first
love as well running and you know while
I’m not suggesting you’re gonna feel as
much love for a particular setup as as
woodall what I’ll quote but how do you
feel about something you feeling that
this trade is right for you is very
powerful you feeling that this makes
sense to you is really powerful you guys
are gonna go through lots of different
setups and try lots of different setups
that have edge that work on our desks
that are used by very profitable traders
they’re not all going to be for you and
when you get to the point where it feels
to you like it’s right let’s let’s make
note of that those are the trades that
we want you in there is some connection
which we may not really be able to
understand and I’m not trying to get
overly spiritual here but there are just
certain things we don’t understand as to
our talents our cognitive psychological
needs that that just work and great
podcast go check it out
but hugh jackman quotes the main
character Eric Liddell in Chariots of
Fire
Assange you know I’ll read the quote I
believe God made me for a purpose but he
also made me fast and when I run I feel
his pleasure and that’s how Hugh Jackman
feels when he’s on stage so he can do
lots of different types of acting but at
stage acting when he feels is calling so
you’re going to and will tap into that
you’re gonna feel certain trades are
right for you you’re gonna feel certain
types of trades certain types of trading
are right for you let’s do more of that
let’s note that
that’s important information that was
really good podcast and really good like
that so what this looks like the setups
are simple consolidation breaks shown
below and again the difference is you
need to put together some key variables
for it to work and offer incredible
opportunities and like I said prior you
know most people identify this setup you
know the technical setup and that’s all
they do
they identify it they take the setup and
they don’t put anything to you know
anything backing it and they get you
know very poor results as did I you know
my first year so the risk is almost
always off the high or low of getting
long or the lower half getting short
depending on the time frame you’re on
and that it’s setting up on so there are
different ways to get involved I
personally like taking a full unit of
risk at the timing point so that
breakout zone or that breakdown zone
whether that is to the upside or the
downside as winrate is most favorable
and often puts me the money instantly
and with that said this is something
Mike and I have talked about where you
know maybe I could be buying a little
bit into that support getting bigger
maybe my win rates gonna be a little bit
lower but I’ll have a better price for
when it does work out so that’s
something to know that’s something I can
certainly work on if you want to learn
three real world setups that our traders
use including the simple setup that we
teach all of our new traders and the
setup that turned one of our traders
into a seven-figure big money earner
check out the free webinar that we’re
currently running just go ahead and
click the link that should be appearing
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so don’t worry you’re not gonna lose
this video you’re gonna learn more in a
couple of hours from this trading
workshop then from years of online
education stocks with less than a
hundred million in flow or of all
greater than three and our ball is
simply current volume compared to prior
volume over a number of days at that
time fresh catalyst over three million
shares in regards to volume and I want
to see them up at least 15% on the day
Sox with greater than a hundred million
share flow our ball greater than 1.5
five fresh catalyst three million shares
and up at least three percent so my
criteria is a little bit less for stocks
with the higher flow it needs to be
setting up on multiple time frames I
personally use a one five fifteen minute
and hourly time frames on the day and I
use a daily of course the more the
better as this will bring in more market
participants a one-minute consolidation
is not enough for me to get involved if
it is extended on the 5-minute and
beyond
if long that’s a little bit different
for shorts but we’re gonna stick with
the long here so it has a favorable risk
to reward of at least three to one
that’s kind of what I’m looking forward
to my first target and if it doesn’t
have that – my first target I should be
avoiding this position and I am more you
know more times than not and what that
means is you know maybe risking a
thousand dollars to make three thousand
maybe risking a hundred to make three
hundred whatever it is so this is a big
dog consolidation on workhorse workhorse
group is an American manufacturing
company based in Cincinnati Ohio
currently focused on manufacturing
electrical powered utility vehicles
there in the Immie sector very hot
sector as recently very in place
activation said callous fresh news there
was news from the day prior 6:23 2020
complete federal motor vehicle safety
standards for all delivery vans in their
lineup and this keeps them well
positioned to execute on their
production timeline for the remainder of
the year without the nod of the FMVSS in
a sense they would be at a standstill
until approved the statistics on this is
the daily volume is 3.2 million a TR
point 7 for a short float 18 percent has
a flow to 55 million institutional
ownership not too high 23 percent
insider ownership 4% so the game plan I
wasn’t able to find a spot on it early
in the day to get involved but it was
holding above vo up with multiple time
rams curled underneath and I do use a 90
ma as a good reference point to
determine if something is overextended
and whether or not it needs to first
reset itself before setting up and I
used it across all the time for hymns
that I focus on so the one 5:15 I use it
on the hourly the daily as well and it
wasn’t extended on the one-minute the
5-minute or the 15-minute and that’s
important to me this shows that the that
the name has properly reset and is not
overextended and anybody short as a good
pass possibility of getting squeezed out
the reward is no longer there for anyone
short as all the timeframes with the
exception of the hourly it wasn’t too
far behind has caught up underneath and
may be getting ready for its next leg up
and something to know is the 90 ma or
any EMA or any indicator for that point
with the exception of maybe volume in
price it’s not a buy or sell signal it’s
used as a reference point to determine
whether or not something is overextended
and needs to reset and that’s all it’s
used for the plan was simply to take a
big dog consolidation break at the
timing point with risk the hard stop off
the previous high or low prior to the
breakout on the 5-minute with the target
of high of day plus and up towards $10
plus and it did exactly that
so some long-term technical analysis
this is pretty basic this is a daily you
can see that earlier in the year it
broke out of that daily flag and it kind
of just built higher lows ever since
grinding out swinging shorts one by one
and then we broke over 52-week highs and
what that tells me is anybody who is
short prior is you know underwater
they’re they’re off sides they’re
underwater and that’s a really good sign
and that second to last day is a day
that I was involved in it and that’s
what we’re going over and one thing to
note is the volume ramp on the day that
I was involved in it shares are flipping
hands as the float rotates it’s
certainly in play so technical analysis
on this is a five minute and
we’re gonna go over the timing point a
little bit so the timing point is where
many shorts will stop out as well as
many Long’s across multiple time frames
hopping in and/or adding to the recruits
to their position it has both sides
involved and when it has both sides
involved when you can identify a set up
where you know shorts are getting
squeezed out at this point and Long’s
are helping in at this point there’s
going to be more fuel to that fire and
that’s really important there was two
hours of sideways consolidation the
longer the better more people involved
equals more explosive the brake this was
pretty tight but it could you know I
would have preferred it to be even
tighter that means you can get bigger
but it was pretty tight and we’ll go
over the risk to reward on this I just
want to note the two hours of sideways
action you’re going to have big dog
patterns that have different periods of
time for sideways action and you want to
make note of how long the wedge pattern
has been forming is it 40 minutes is the
30 minutes is it two hours and that and
of itself is an important thing to note
for what you expect stock going forward
so uh yeah two hours is a more
significant wedge pattern than 40
minutes which is more significant than
15 minutes and so what happens with
these big banners is they’re really
powerful and you know you do a good job
of showing two hours of sideways
actually then somebody will bring up a
chart of ten minutes and then say hey
how come that did work yeah well it’s
not the same pattern so alright good
stuff there and then you can also see on
the timing point volume spike the volume
is increasing and that’s indicating that
you know your thesis is correct or at
least for the time being that shorts are
you know paying the offer to
cut and lungs are getting involved so
again both sides of the party involved
at that timing point to confirm your
idea you want to see volume coming in
and you want to see a push away from
price rather quickly so this is a 15
minute and the purpose of this slide is
rather simple it’s to show that that
blue line the 90 ma is tucked up
underneath and it’s not overextended you
know so this is going to bring in more
and work at participant so it means that
there will be you know people who focus
on the one minute the five minute the 10
minute 15 minute they all had the same
technical setup that they were going off
if you’re a short you know you
definitely want to be stopping out at
that level or that lower next lower high
and if you’re already long you’re
probably buying more there if you’re not
already long you’re probably getting
involved there or you should be and
again then the blue line is a 90 ma that
I use as a reference point and that’s
all I use it for so this is how I should
have handled it and I think this is
important to go over so getting along
with 30 percent of daily stop and that
is a SCI’s or that was a size for me of
a 1 5 15 minute Big Dawg consolidation
that has been that has all these
variables and that has been
consolidating for two hours around that
time the longer the better
so getting along at the timing point of
892 filling with the limit up to 895 and
a hard stop at 875 and as soon as 890
once begin to lift or eight 90s begin to
lift on the offer I’m hitting my hot key
knowing that I’m gonna fill up to 895
but more times than not if you’re
focusing on a very liquid name and you
know you have some decent execution
I just quick note almost always the stop
is 874 not 875 okay you don’t set stops
at 875 and less 876 of all support
levels which it isn’t here give it that
extra penny it’ll help you out with your
your
right okay um so hard stop at 874 not
875
but if 883 gave out cut half five-minute
high or low prior to the breakout so
prior to that timing point there’s a
five-minute a previous five-minute low
of 883 and if that breaks down I want to
be bailing at least half of my position
and I use f2 that’s my bit out as there
is a good probability that it’s gonna
pull into my stop so there’s no reason
to take a full unit loss if I’m wrong I
can bit out some I can always get back
in so take off one third with order out
in the market below high a day at 9:18
for at 9:15 to cover some risk it got a
little bit heavy there I perform at my
best when I do cover some risk I’m not
too worried on that first 1/3 or 1/4
that I’m selling when I’m covering some
risk to make a boatload of money on it
but it keeps me sane in the position and
it allows me to you know just be a
little bit more comfortable in the
position so that’s how I kind of handle
my first exit and then I add that or add
back the one-third as moma a lot through
hive day so through that level and sell
it into your next reason to sell when
the tape gets heavy under 950 on the bid
first turn so this is something I can
work on this is something I didn’t do
and I’ll show that in the next slide is
I can add back that whatever I sold
whether it’s a third or a fourth I could
add it back as a moment a lot and use
that as my next reason to so I’m gonna
have a little bit higher of a cost but
you know I’m making more I’m working
around a core a little bit better and
it’ll allow me to hold on to the
remainder a lot better then second third
in front of ten whole dollar there was
massive offers in front of ten and I did
think they were gonna clear but they did
it and then get flat when the five
minute breaks down you can see that 90
ma snapping and it’s breaking below that
support so this is how I should have
handled it and I handled it pretty
closely but not perfectly so I got along
with 20% of my daily stock as opposed to
30% at the timing point
of the 892 break filling with a limit up
to 895 I filled that 892 when the offer
lifted I 891 I was hitting my hot key to
get involved so I got a good fill in a
hard stop at 882 should have been 875
like ice or 874 on that I showed in the
previous slide and that would have made
me feel a little bit more comfortable
and likely would have taken it with 30
percent as opposed to only 20 percent so
I could have given it a little bit more
room take off I took off one third
through high of day so that’s actually a
spot where I should be adding back the
one third I’ve sold initially into that
high day stuff and have it as a moment a
lot so I was actually selling where I
should be adding back what I had sold so
that’s something I can work on and then
I got flat one 966 stuffed briefly with
10,000 cher orders sitting on the offer
I handled this a little bit too much
like a momentum position and part of it
is it was kind of more of a momentum
position but I should have held on to
some size maybe a third to see if this
wanted to break over ten and head higher
because it definitely had the
possibility of doing that so that’s how
I handled it and here’s the overall risk
to reward the specific of the PA a
nine-minute I’d I just want to so I just
want to say this here which is a big dog
consolidation trade is not a momentum
trait and so you want to make sure that
you’re thinking of this as a swing trade
for this to be it’s fine to make
momentum trades it’s fine to find wedge
patterns and turn them into momentum
trades but there should be like
yesterday Houston set up an intraday set
up a fundamental catalyst plus a
technical catalyst trade for a swing
trade there should so there was
something behind price action
that told us the stock could really
really trend you want that with a big
dog catalyst as well you want that with
a big dog consolidation trade as well
you want to know that this is something
that can go for multiple points you’re
making it for multiple points that’s not
to say that if you’re in a big dog
consolidation trade you’re being
objective and you get long and the stock
goes up 50 cents and it’s so obvious it
can’t go higher that you wouldn’t sell
it but you’re you’re not in these trades
for 50 cents you’re in these trades
mostly to sell them high a day in this
case or more much higher so that you and
often it’s you know you just didn’t have
a strong enough of a news catalyst you
just didn’t have a strong enough of a
technical catalyst for your big dog
consolidation trade so that said it
isn’t a big dog consolidation trade it’s
a momentum trade or it’s you know maybe
it maybe there’s just a big dog
consolidation trade that just didn’t
work out so caution you to be taking
sales quickly or to be treating this as
the moment to trade now having said that
a stuff you rightly point out a stuff is
a reason to sell yeah stop trying we’re
gonna try and push higher we don’t
there’s elevated volume we closed below
the high there’s a stuff pattern there
so I’m not suggesting you to be
closed-minded about it and I bring this
up because I see this with developing
traders which is they think they’re in
one trade but they’re really not and so
you know are you and I’m a trader are
you in a big dog consolidation trade and
that makes a big difference yeah I think
even in the beginning who’s being a
little bit more specific with what it is
I’m going in with
and I think you I did go into this with
thinking it was a big dog and then
getting in it and then playing it more
as a momentum position so something to
work on for sure
got you so here’s the overall risk
reward of this set up the the position
itself did in fact make it right to
write under ten are and a good rule of
thumb to determine how well you did on
it is if you captured sixty percent of
the move this is something that Steve
Spencer talked about in a prior video
with Aaron Roth great video it’s on SM
B’s YouTube you haven’t seen it make
sure you do it’s kind of a Mendoza line
you’re never gonna catch for the entire
move but you know if you’re taking 60%
plus you did pretty well on it I came
close but I didn’t I certainly didn’t
capture that more like maybe 40 50
percent so something to work on the tape
I couldn’t pull the tape up on it but I
wanted to show kind of show it what I
was referring to so we’ll start with a
the bids fell off here as long stopped
out who took the flag kind of that early
flag it just kind of was a poor context
flag it was a little bit extended on the
15-minute at the time and shorts so long
stopped out under that five-minute low
you know you can see hard stops going
off you can see volumes starting to pick
up and we know that shorts are probably
also thinking okay Long’s are stopping
out here so they’re hitting in with risk
off that lower high and shorts are
expecting a sharp move down but instead
we get a bid and get bought backup
offers begin to lift so when we reclaim
this support zone that shorts hittin on
the breakdown against the bids begin to
firm up as shorts throw bids out to get
out for near breakeven they become
buyers as well as Long’s getting
involved so they’re kind of you know
shorts are supporting it Long’s are
supporting it and then when the timing
point broke out we saw offers lifts
quickly as shorts had their stops going
off through the flag and through the
lower high that they were risking off of
so moved away from price rather quickly
and on heavy volume this is what you
want to see you want to see price move
away quickly from where
involved and you want to see volume
coming in and I did see that and you
could see that down below we pull in but
hold as shorts pay on the bed holding
the stock up as well as long as getting
more involved this is ideal price action
for being long of course I’m not going
to complain if it just rips through that
timing point and keeps going but if it
pulls back in and holds that’s not a bad
sign
you know it’s building higher lows short
serve position poorly Long’s are getting
more involved it’s not a bad sign offers
get heavy at 10 and when we pull in bids
fall out and that’s a big shift in
character this is a signal to be flat
and I think you know going into this for
the most part with a big dog
consolidation I think this is a shift in
character where you can you know you can
get flat you can realize okay you know
what this didn’t work out you know you
still captured a decent amount of the
move but it didn’t you know do what you
wanted maybe you wanted three or four
points on it and it was a big shift in
character when the bids fell out there
so it’s not a bad spot to get flat the
review on this is this is an A+ for me
within my playbook this is a big dog
consolidation break that is setting up
on the one five 15-minute time frame
with the variables that are most
important to me it was consolidating for
two hours it was really it was pretty
tight is this a big dog consolidation or
is this a really good a plus momento
trade for you I think it’s the latter
okay let’s look that’s fine that’s why
we go we go through these reviews is
that it’s a great learning lesson which
is this is still a really good trade
it’s it’s a subset kind of a sister
trade of the big dog consolidation which
is which is great yeah definitely and
you can make a lot of money and really
terrific momentum trades particularly in
this market I agree with that so
continue to take this set up and tweak
it until you can find a way to squeeze
the most amount out of it and again I
didn’t perform on this perfectly as I
entered with 20% of my dailies stopped
as opposed to 30% and that line doesn’t
really apply because it was more of a
momentum position the after reviewing my
stats on this setup from the last couple
months and
really the last couple years it’s a
setup that I have been moving to as the
last couple weeks moving to north of 50
percent of my daily stop due to having a
66% win rate on it and a greater than
three-to-one risk to reward while taking
very little heat and that is one thing
that’s really important to me is I don’t
like taking a lot of heat that’s why I
do focus on these timing points that’s
why sometimes I’m not buying into
support and I’m waiting for that
breakout point so as Mike spoke about
sometimes the only risk is not having
enough for risk on your best ideas the
best get incredibly big in there a plus
set ups and if I’m gonna be more
explosive like this where I’m not as
active as maybe a scalper or somebody
you know as somebody else I need to be
bigger in my best ideas because maybe
I’m only getting a couple of them a day
a few of them per day so risking you
know up to 50% 60% of my daily stop and
I know my win rate and I know where I’m
wrong and I know the risk reward you
know I’m comfortable with that this is
an A+ setup for me
yeah and swang was chatting with me
before they opened today she shot me a g
chat about the virtual happy hour we had
yesterday he said you made a really good
point yesterday I’m focusing on
stress-free trading
maximizing on the easiest setups and
make this really sustainable and happy
trading should be fun so a lot of the
better traders in the desk are honing in
on that stress-free trading which has
kept them away from drawing down of late
which is not the case for a lot of big
traders that are shooting me notes at
other firms it’s very common for Big
Time traders who put up huge numbers in
March and April one that’s made to be in
a little bit of a drawdown right now
because they were not doing what swangs
doing which is really focused on
stress-free trading which is what you’re
talking about
not taking out a lot of heat
it’s complete fiction you need to take a
lot of heat to be a really elite active
trader yeah just it’s it’s just not just
factually not true
it is it is true that some people can
develop systems where they need to draw
it out a little bit before they make a
lot of money but we’re not seeing that
to be a necessity so I like that you’re
you’re you’re you’re putting out that
she don’t take me to take on a lot of
heat that that perhaps might be
important for you and it does lead to
funner trading it’s stressful too
stressful to draw down a hundred grand
to make three hundred thousand yeah so
if you can if you can turn that around
to drawing down 30 grand to make four
hundred thousand that’s that’s that’s
obviously a lot more money to you so and
that’s what’s weighing and shark and and
those guys are doing and doing better
than a lot of traders on the street
right now sorry sorry to interrupt yeah
I just have one more slide but thank you
so how do I find more of these positions
so this is some filter criteria that I
use and volume greater than 3 million of
15 percent on the day or vol greater
than 3 between one and a hundred and
greater than or equal to dailyvee womp
so the point of this code is to only
show me the most in play names that or
at or above their dailyvee WAP this
often only has a handful of stocks most
on the list and that’s something I
prefer as opposed to looking at
something you know in the middle of the
day like a top gainer list and filtering
through the fluff you know filtering
through 30 40 stocks you really want to
be handed the stocks that you should be
focusing on in on a golden platter and
something I’m also working on is a
consolidation script that I can add to
this so I can do a little bit better
with connecting with guys on the desk
and the class above me who focus on this
setup and look for it every day even if
it’s a little bit different you know
there’s guys who focus on you know
similar play
set alerts on in play names nearly
reconsolidation breaks and it needs to
be early enough for you to get involved
you can’t set them at the breakout or
breakdown as that’s too late I see a lot
of people doing it it’s something I used
to do you would set it at that breakout
point and then you know you pull it up
and it’s too late so you got to set it
before sometimes multiple Big Dawg
consolidations are taking place at once
set by higher and sell lower limits of
course to get involved at the breakout
breakdown zone the best at the firm use
tech to help them to get you know do
more you can’t you only have two eyes so
you know if multiple setups you know
whether they’re a big dog or momentum
plays or setting up you know you want to
use tech to really help you out to be
involved because you need to be involved
some of the best Big Dawg consolidation
breaks are also breaking out on the
daily i screen for these and i can
continue to screen for these at night
with Finn vis so that’s a free tool that
everyone can use continue to do this and
set better alerts on them and that’s
really it yeah that’s a really good way
to key up trades for the next day when
you’re seeing those breakouts on the
daily charts particularly in a market
like we’re in right now where lots of
the lungs are working hey go ahead and
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