{"id":10906,"date":"2011-04-13T16:21:25","date_gmt":"2011-04-13T20:21:25","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=10906"},"modified":"2011-04-13T16:21:25","modified_gmt":"2011-04-13T20:21:25","slug":"execution-execution-execution-biib","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/execution-execution-execution-biib","title":{"rendered":"Execution, Execution, Execution (BIIB)"},"content":{"rendered":"<p>Trader A sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first day gap up. \u00a0There is no resistance above in the near term. \u00a0Should I pay 80?<\/p>\n<p>Trader B sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first day gap up. \u00a0There is no resistance above in the near term. \u00a0Should I pay 80?<\/p>\n<p>Trader B pays the offer and plays the momentum above the consolidation and 80. \u00a0This is the right thing to do. \u00a0He gets slipped. \u00a0But BIIB does not go down that far. \u00a0Should I pay 80 again? \u00a0He passes.<\/p>\n<p>Trader A watches the same opportunity and asks should I pay 80 the second time? \u00a0She does.<\/p>\n<p>Walking around the trading room into the close Trader A is very happy. \u00a0Trader B is talking all things shake out. \u00a0A veteran mentor explains, &#8220;if you really like the level then pay the second time.&#8221; \u00a0Then he proceeds to razz Trader B for missing a trade that Trader A is killing.<\/p>\n<p>Both traders knew all the same knowledge. \u00a0Both traders traded on the same system, in the same city, heck on the same floor. \u00a0Both had the same trading opportunity. \u00a0Trader A bought. \u00a0And Trader B passed because of the first shakeout. \u00a0Execution, execution, execution.<\/p>\n<p>Mike Bellafiore<\/p>\n<p>Author, <a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=tmm_hrd_title_0?ie=UTF8&amp;qid=1302628254&amp;sr=8-1\">One Good Trade<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/biib.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10907\" title=\"biib\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/biib.png\" alt=\"\" width=\"500\" height=\"418\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/biib.png 715w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/biib-300x250.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trader A sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first day gap up. \u00a0There is no resistance above in the near term. \u00a0Should I pay 80? Trader B sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/execution-execution-execution-biib\" 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":[10],"tags":[1723,833,81,1193,653,1354,1349],"class_list":["post-10906","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-biib","tag-execution","tag-smb-training","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","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>Execution, Execution, Execution (BIIB) | 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\/execution-execution-execution-biib\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Execution, Execution, Execution (BIIB) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Trader A sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first day gap up. \u00a0There is no resistance above in the near term. \u00a0Should I pay 80? Trader B sits looking at the consolidation in BIIB. \u00a0We have some nice consolidation. \u00a0BIIB is above the highs from the first ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/execution-execution-execution-biib\" \/>\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=\"2011-04-13T20:21:25+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/biib.png\" \/>\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\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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