{"id":1084,"date":"2009-06-16T15:46:36","date_gmt":"2009-06-16T20:46:36","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1084"},"modified":"2009-06-16T20:56:33","modified_gmt":"2009-06-17T01:56:33","slug":"letting-the-play-unfold","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/letting-the-play-unfold","title":{"rendered":"Letting the Play Unfold"},"content":{"rendered":"<p>We started a down trend in the last couple days and as long as SPY is below 93.60, I will try and stay short. It is not hard to make money as an intra-day trader during these type of market days. The key I am finding with my trading lately is that I have to let the play unfold.<\/p>\n<p>Lately, I have been trying to force my plays. When I see my favorite <a href=\"http:\/\/www.smbtraining.com\/\">setups<\/a> I am getting too aggressive. If you wait and let your play unfold you will not trade it with such a bias.<\/p>\n<p>There was a perfect example today with FCX. \u00a0I lost money getting short on the open because I was aggressively selling it into down ticks. If I had traded the stock with my plan I would have been able to make a lot more money with much less stress. Tomorrow I will try and keep things simple and use more patience. If that does not work I will trade with less size so I do not become married to my positions or biases.<\/p>\n<p>Stocks need to breathe. Some times a stock is not a long nor a short, it is just setting up for its next move. Tomorrow I will use the levels I gathered into the close to make money if we follow through on the downside -FCX 55.20. \u00a0 If FCX does not get to this price there will still be plenty of other opportunities out there.<\/p>\n<p>Don&#8217;t forget to <a href=\"http:\/\/twitter.com\/smbcapital\">follow us on Twitter!<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We started a down trend in the last couple days and as long as SPY is below 93.60, I will try and stay short. It is not hard to make money as an intra-day trader during these type of market days. The key I am finding with my trading lately is that I have to let the play unfold. Lately, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/letting-the-play-unfold\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[196,223,18,301],"class_list":["post-1084","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-fcx","tag-patience","tag-smb-capital","tag-trading-blog","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>Letting the Play Unfold | 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\/letting-the-play-unfold\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Letting the Play Unfold | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We started a down trend in the last couple days and as long as SPY is below 93.60, I will try and stay short. 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