{"id":1226,"date":"2009-06-24T16:22:51","date_gmt":"2009-06-24T21:22:51","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1226"},"modified":"2009-06-24T16:22:51","modified_gmt":"2009-06-24T21:22:51","slug":"ba-a-good-chance-to-trade-lower","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/ba-a-good-chance-to-trade-lower","title":{"rendered":"BA- A Good Chance to Trade Lower"},"content":{"rendered":"

Our desk did a nice job of trading BA today on the short side. \u00a0Below 42.75 BA offered an excellent risk\/reward opportunity short. \u00a0 Let’s discuss why this level was so likely to work.<\/p>\n

Often traders are in the wrong stock. \u00a0Or often traders determine levels in stocks that are not significant. \u00a0BA was not the wrong stock today. \u00a042.75 was not the wrong level. \u00a0It moved off of this level. \u00a0It moved cleanly. \u00a0BA moved significantly.<\/p>\n

And as traders there were characteristics of this set up that we must remember. \u00a0We will see set ups like BA again. \u00a0It is important as traders to brand in our trading brains the set ups that are most advantageous. \u00a0Today in BA, short below 42.75 is one of them. \u00a0Why?<\/p>\n

1) BA had significant news yesterday.<\/p>\n

2) BA moved significantly intraday yesterday.<\/p>\n

3) There was a ton of intraday volume done at 42.75 in BA yesterday.<\/p>\n

4) There is no support for BA until 40.<\/p>\n

5) The market is weak overall without support until SPY 88.50.<\/p>\n

6) CHEX was a huge seller who kept stepping down in BA today.<\/p>\n

7) BA kept making new intraday lows after battles.<\/p>\n

After the close our desk met to discuss this set up. \u00a0Traders in this play should relive this trade with as much detail as possible. \u00a0You should rewind this trade tick for tick in your mind. \u00a0These are the trades that work. \u00a0And we must spend most of our review on our best trading set ups<\/a>.<\/p>\n

Don’t be so hard on yourself when you make mistakes as a trader. \u00a0If you want to be hard on yourself, then make sure you remember as many details as you can about trades like BA above. \u00a0Could you have added more size? \u00a0Did you cover too quickly at times? \u00a0Did you hold your core for most of this move? \u00a0Make sure you are ready to trade this set up the next time it is offered in the market.<\/p>\n

Best of luck with your trading! Don’t forget to follow us on Twitter!<\/a><\/p>\n

\"BA<\/p>\n","protected":false},"excerpt":{"rendered":"

Our desk did a nice job of trading BA today on the short side. \u00a0Below 42.75 BA offered an excellent risk\/reward opportunity short. \u00a0 Let’s discuss why this level was so likely to work. Often traders are in the wrong stock. \u00a0Or often traders determine levels in stocks that are not significant. \u00a0BA was not the wrong stock today. \u00a042.75 … 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],"tags":[4676,30,18,301],"class_list":["post-1226","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-day-trading","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"\nBA- A Good Chance to Trade Lower | 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\/ba-a-good-chance-to-trade-lower\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BA- A Good Chance to Trade Lower | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Our desk did a nice job of trading BA today on the short side. \u00a0Below 42.75 BA offered an excellent risk\/reward opportunity short. \u00a0 Let’s discuss why this level was so likely to work. 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