{"id":11005,"date":"2011-04-19T17:13:27","date_gmt":"2011-04-19T21:13:27","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11005"},"modified":"2011-04-19T17:13:27","modified_gmt":"2011-04-19T21:13:27","slug":"execution-trading-skill","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/execution-trading-skill","title":{"rendered":"Execution Trading Skill"},"content":{"rendered":"<p>Trading is a skill. \u00a0Gaining trading skill takes time. \u00a0Today in JNJ and HAL execution trading skill was essential. \u00a0Let&#8217;s quickly discuss two trades to illustrate this important trading point.<\/p>\n<p>JNJ was in play. \u00a0Amazing Andrew was hawking the 62.10 level as intraday support. \u00a0Something about the premarket. \u00a0JNJ opened and traded down towards his support level. \u00a014c held the bid. \u00a015c held the offer. \u00a0We had ourselves a bidding offering battle.<\/p>\n<p>The offer lifted. \u00a0 And JNJ moved away from this price for this stock to into the 23c area (all things are relative in life). Amazing Andrew got long and held for the next upmove. \u00a0Anything else he needed to do? \u00a0Yes but let&#8217;s get back to this in a moment.<\/p>\n<p>Double A was trading HAL. \u00a0A nice bullish flag developed near 48. \u00a0The bottom of the range was 70ish and the top 80ish. \u00a0Young Double A saw HAL touch 82c and 83c and got all excited. \u00a0Long Double A and ready for HAL to rock. \u00a0It didn&#8217;t rock. \u00a0 He set his stops for below 70c and waited. \u00a0Nothing else to do correct? \u00a0Hint. \u00a0No.<\/p>\n<p>Amazing Andrew needed to bid for more near this 15c. \u00a0Here you double your core and buy extra to make the spread by bidding 16c and 17c. Kick out the extra buying to make the spread into the first upmove to cover your risk. \u00a0And hold that bigger core. \u00a0 Use this well-defined level as an anchor to get bigger. \u00a0This is an execution trading skill.<\/p>\n<p>Double A could have sold his extra lots in the 80s ASAP and replaced those shares by bidding at the bottom of the range in the 70s. \u00a0So the technique is sell in the 80s right away, bid in the low 70s and then change your stop to below 60c. \u00a0You gain all that extra of all that stop out from 69c to 59c. \u00a0This can make all the difference from staying in the trade as compared to the day ruining stop out. \u00a0This is an execution trading skill.<\/p>\n<p>Keep working on your trading game!<\/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\">One Good Trade<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/hal.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11006\" title=\"hal\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/hal.png\" alt=\"\" width=\"497\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/hal.png 710w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/hal-300x253.png 300w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/jnj.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11007\" title=\"jnj\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/jnj.png\" alt=\"\" width=\"497\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/jnj.png 710w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/jnj-300x253.png 300w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading is a skill. \u00a0Gaining trading skill takes time. \u00a0Today in JNJ and HAL execution trading skill was essential. \u00a0Let&#8217;s quickly discuss two trades to illustrate this important trading point. JNJ was in play. \u00a0Amazing Andrew was hawking the 62.10 level as intraday support. \u00a0Something about the premarket. \u00a0JNJ opened and traded down towards his support level. \u00a014c held the &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/execution-trading-skill\" 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":[833,4674,81,1193,653,1730],"class_list":["post-11005","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-execution","tag-one-good-trade","tag-smb-training","tag-trader-education","tag-trader-training","tag-trading-skill","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 Trading Skill | 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-trading-skill\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Execution Trading Skill | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Trading is a skill. \u00a0Gaining trading skill takes time. \u00a0Today in JNJ and HAL execution trading skill was essential. \u00a0Let&#8217;s quickly discuss two trades to illustrate this important trading point. JNJ was in play. \u00a0Amazing Andrew was hawking the 62.10 level as intraday support. \u00a0Something about the premarket. \u00a0JNJ opened and traded down towards his support level. \u00a014c held the ... 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