{"id":108,"date":"2008-08-15T08:37:55","date_gmt":"2008-08-15T12:37:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=108"},"modified":"2008-08-15T17:49:12","modified_gmt":"2008-08-15T21:49:12","slug":"alert","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/alert","title":{"rendered":"Alert"},"content":{"rendered":"<p>Well yesterday was a bit slow.\u00a0 We trended up and then trended down towards the Close.\u00a0 On the Open I traded FCX and HK and recognized light order flow.\u00a0 I was aware not to get caught in the Low Volume P.\u00a0 For SMB that means the low volume programs where the short term longs lose as the stock is dropped out and we hit the bids for a small loss.\u00a0 And then the short term shorts lose as the the stock lifts and we cover for a small loss on the offer.\u00a0 I should probably rename this to the Everyone is Gonna Lose P.<\/p>\n<p>But after trading for 11 years I have been taught by my boss, the Market, to be alert.\u00a0 You never know when the next great trade is around the corner.\u00a0 It is more important to be professional than profitable during a trading day.\u00a0 Being professional means being alert.\u00a0 And as light as trading was into the Close EL gave us an opportunity.\u00a0 EL was a terrific trading stock into the Close.\u00a0 The opportunity was there.\u00a0 And I was in it.<\/p>\n<p>51.25 is an important level to trade off of for EL this AM.\u00a0 Above and I will be long, below and I will be short.\u00a0 I found this level by being alert into a slow close.\u00a0 Be alert.<br \/>\n<a href='http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2008\/08\/el_51_25.gif' title='el_51_25.gif'><img src='http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2008\/08\/el_51_25.gif' alt='el_51_25.gif' width=500 \/ ><\/a><\/p>\n<tr>\n<td nowrap=\"nowrap\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td nowrap=\"nowrap\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td align=\"right\" width=\"60%\" nowrap=\"nowrap\">&nbsp;<\/td>\n<\/tr>\n<\/table>\n<p><img decoding=\"async\" src=\"file:\/\/\/C:\/DOCUME%7E1\/Trader\/LOCALS%7E1\/Temp\/moz-screenshot.jpg\" \/> <img decoding=\"async\" src=\"file:\/\/\/C:\/DOCUME%7E1\/Trader\/LOCALS%7E1\/Temp\/moz-screenshot-1.jpg\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well yesterday was a bit slow.\u00a0 We trended up and then trended down towards the Close.\u00a0 On the Open I traded FCX and HK and recognized light order flow.\u00a0 I was aware not to get caught in the Low Volume P.\u00a0 For SMB that means the low volume programs where the short term longs lose as the stock is dropped &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/alert\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[4676,105,30,18],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-mike-bellafiore","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alert | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/alert\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alert | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Well yesterday was a bit slow.\u00a0 We trended up and then trended down towards the Close.\u00a0 On the Open I traded FCX and HK and recognized light order flow.\u00a0 I was aware not to get caught in the Low Volume P.\u00a0 For SMB that means the low volume programs where the short term longs lose as the stock is dropped ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/alert\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2008-08-15T12:37:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2008-08-15T21:49:12+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2008\/08\/el_51_25.gif\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" 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