{"id":11129,"date":"2011-04-26T13:35:50","date_gmt":"2011-04-26T17:35:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11129"},"modified":"2011-04-26T13:36:00","modified_gmt":"2011-04-26T17:36:00","slug":"use-the-tape-to-add-size","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/use-the-tape-to-add-size","title":{"rendered":"Use the Tape to add size (SLV)"},"content":{"rendered":"<p>Silver has been on a tear. \u00a0Yesterday during our AM meeting we <a href=\"http:\/\/www.smbtraining.com\/blog\/my-first-time\">discussed some prices<\/a> that offer excellent risk\/reward opportunities. \u00a0Experienced traders know when something is about to happen. \u00a0When a stock will really move off of a price. \u00a0We might not know whether the stock will go up or down. \u00a0But we know this is the moment. \u00a0This is the catalyst for a major move. \u00a0And when we see it we get big. \u00a0And when the tape offers us protection we get very big.<\/p>\n<p>I was making my rounds on the Open talking with some traders.<\/p>\n<p>&#8220;SLV cannot hold above 46.85,&#8221; said a trader who initiated a short position.<\/p>\n<p>I looked at his position size.<\/p>\n<p>&#8220;You need to get bigger,&#8221; I said.<\/p>\n<p>I could tell the developing trader was a bit confused. \u00a0He might have been thinking <em>Bella I do not want to rip up too much money in this trade. \u00a0I am not that great on the open. \u00a0I might get slipped and take a rip<\/em>. \u00a0And I would have been thinking right back <em>Yeah but your job is to do the right thing. \u00a0And this is the moment. \u00a0And that 85c is giving you protection. \u00a0SLV has a lot of room to trade lower if you catch it.<\/em><\/p>\n<p>Sensing the stock is about to move is such an underrated trading skill. \u00a0I see very few who can spot these moments. \u00a0Even some guys who have been trading for 3+ years just cannot sense these spots. \u00a0But if you do and you have protection on the tape you must get big.<\/p>\n<p>Do not tell me or think to yourself that you are not comfortable getting big there. \u00a0I do not want to hear and you shouldn&#8217;t be thinking that you weren&#8217;t sure which way the stock would trade. \u00a0Your job is to make excellent risk\/reward trades. \u00a0 Not be right. \u00a0 Your job is to be big there.<\/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\/slv-load-up.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11130\" title=\"slv load up\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/slv-load-up.png\" alt=\"\" width=\"497\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/slv-load-up.png 710w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/04\/slv-load-up-300x253.png 300w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver has been on a tear. \u00a0Yesterday during our AM meeting we discussed some prices that offer excellent risk\/reward opportunities. \u00a0Experienced traders know when something is about to happen. \u00a0When a stock will really move off of a price. \u00a0We might not know whether the stock will go up or down. \u00a0But we know this is the moment. \u00a0This is &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/use-the-tape-to-add-size\" 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":[1739,1749,1748,30,1580,81,1193],"class_list":["post-11129","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-slv","tag-adding-size","tag-load-up","tag-prop-trading","tag-sizing","tag-smb-training","tag-trader-education","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>Use the Tape to add size (SLV) | 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\/use-the-tape-to-add-size\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Use the Tape to add size (SLV) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Silver has been on a tear. \u00a0Yesterday during our AM meeting we discussed some prices that offer excellent risk\/reward opportunities. \u00a0Experienced traders know when something is about to happen. \u00a0When a stock will really move off of a price. \u00a0We might not know whether the stock will go up or down. \u00a0But we know this is the moment. \u00a0This is ... 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