{"id":10934,"date":"2011-04-16T13:12:06","date_gmt":"2011-04-16T17:12:06","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=10934"},"modified":"2021-05-06T15:38:25","modified_gmt":"2021-05-06T19:38:25","slug":"traders-ask-how-do-you-find-levels-you-love","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-you-find-levels-you-love","title":{"rendered":"Traders Ask: How do you find levels “you love”?"},"content":{"rendered":"

Hi Mr. Bellafiore,<\/p>\n

I read your book and have been a daily reader of the blog ever since. I especially appreciate your and Adam Grimes’s\u00a0posts. I trade the e-mini (ES) but would like to trade more stocks if I can figure it out.<\/p>\n

The recent post on execution was pointed. I suspect the difference in the trader who was shaken out and the one who got back in and profited lies in their confidence in the level. You also wrote recently
\nabout “liking your level.” Can you give the readers a few tips about how to gauge the strength of a level. In other words, “How do I
\nlearn to love my level?”<\/p>\n

Bella <\/strong><\/p>\n

Everytime you trade off of a level give it a grade of (1-10) for you. Start to develop a sense for yourself how important each level is for you. Keep doing this and wait. Over time you will develop a nice feel for how important each level is.<\/p>\n

For me here are three level I love:<\/p>\n

1) Important long term technical level<\/p>\n

2) Important intraday level<\/p>\n

3) Consolidation in a bullish or bearish flag pattern<\/p>\n

Today we met in our training room to watch film. \u00a0One of our traders asked how I know what price to take a great sale and then quickly replace that sale with a great buy. \u00a0This is an advanced trading technique and how we can make $1.50 when a stock move $1. \u00a0Peak into my response……<\/p>\n

There are no answers. \u00a0There are questions. \u00a0I want you to ask yourself where a good sale is for you and where you should buy back. \u00a0Over time you will develop a feel for these answers. \u00a0We all trade differently. \u00a0We all see the screens and markets uniquely. \u00a0Keep asking yourself the right questions and you will in time then have your answers.<\/p><\/blockquote>\n

Mike Bellafiore<\/p>\n

Author, One Good Trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hi Mr. Bellafiore, I read your book and have been a daily reader of the blog ever since. I especially appreciate your and Adam Grimes’s\u00a0posts. I trade the e-mini (ES) but would like to trade more stocks if I can figure it out. The recent post on execution was pointed. I suspect the difference in the trader who was shaken … 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":[1,10,908],"tags":[135,4674,1193,653,4682,1354,1349],"class_list":["post-10934","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","category-traders-ask","tag-levels","tag-one-good-trade","tag-trader-education","tag-trader-training","tag-traders-ask","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nTraders Ask: How do you find levels "you love"? | 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\/traders-ask-how-do-you-find-levels-you-love\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders Ask: How do you find levels "you love"? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mr. Bellafiore, I read your book and have been a daily reader of the blog ever since. I especially appreciate your and Adam Grimes’s\u00a0posts. I trade the e-mini (ES) but would like to trade more stocks if I can figure it out. The recent post on execution was pointed. I suspect the difference in the trader who was shaken ... 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