{"id":12612,"date":"2011-06-24T09:36:10","date_gmt":"2011-06-24T13:36:10","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=12612"},"modified":"2013-08-25T10:42:03","modified_gmt":"2013-08-25T14:42:03","slug":"the-trend-trend-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-trend-trend-trade","title":{"rendered":"The Trend Trend Trade"},"content":{"rendered":"<p><strong><br \/>\n<\/strong><\/p>\n<p>I am officially naming a new trade. SMB will \u00a0call it the Trend Trend Trade. Below we explain through the trade of one of our traders, Shark, reviewing a recent trade in LPS, using the SMB Playbook template. The Trend Trend Trade is a set up where the long term trend and the short term trend\u00a0align. We look for spots to get aggressive. We follow the trend. We look for a significant move. This is a trade to make your month!<\/p>\n<p style=\"text-align: center;\"><strong>Long Term Trend<\/strong><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPSday.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12614\" title=\"LPSday\" alt=\"\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPSday.png\" width=\"502\" height=\"386\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPSday.png 628w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPSday-300x230.png 300w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><strong>Short Term Trend<\/strong><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPStick.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12615\" title=\"LPStick\" alt=\"\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPStick.png\" width=\"502\" height=\"385\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPStick.png 628w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPStick-300x229.png 300w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/a><\/p>\n<p><strong>Shark Notes:<\/strong><\/p>\n<ul>\n<li>The stock is under yesterday\u2019s low\u2026 20 is a psychological level\u2026 there is a huge seller at 20 and buyer at 99 cents\u2026 can\u2019t short on the uptick. Short here 2 lots at 20 with a stop above 2 cents\u2026 add two lots with a sell stop under 99 cents so that you are first on the offer (in this case you couldn\u2019t get any stock really until 93 cents so I pressed escape because I didn\u2019t want the slippage)<\/li>\n<li>Take off half on the first uptick. LPS hadn\u2019t up ticked since 20 dollars\u2026 this is a change in pattern\u2026<\/li>\n<li>Hold half until the close.. take one lot home overnight<\/li>\n<li>Very low risk high reward play where you can get a lot of size at 20 dollars for a 50 cent move<\/li>\n<\/ul>\n<p><strong>Bella&#8217;s Notes:<\/strong><\/p>\n<p><strong> <\/strong>I love these trades. LPS is trading in one direction. You are focused on one direction. You are trading with the longer term trend (broken) and the shorter term trend (broken). You have complete control of your risk with a quick cover. You had a chance to get bigger below 99c ( in this case you couldn\u2019t according to Shark but in many set ups like this you can). And as Shark mentioned there is some nice downside potential. These are the trades that make your month. This is an A+ trade.<\/p>\n<p>Mike Bellafiore<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1375715301&amp;sr=1-1&amp;keywords=one+good+trade\"><em>One Good Trade<\/em><\/a><\/p>\n<p><a href=\"http:\/\/http\/\/www.amazon.com\/PlayBook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_2?s=books&amp;ie=UTF8&amp;qid=1375715301&amp;sr=1-2&amp;keywords=one+good+trade\"><em>The PlayBook<\/em><\/a><\/p>\n<p>no relevant positions<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am officially naming a new trade. SMB will \u00a0call it the Trend Trend Trade. Below we explain through the trade of one of our traders, Shark, reviewing a recent trade in LPS, using the SMB Playbook template. The Trend Trend Trade is a set up where the long term trend and the short term trend\u00a0align. We look for spots &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-trend-trend-trade\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":94,"featured_media":12615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[1850,1193,1851,1354,1349,1849],"class_list":["post-12612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-the-smb-playbook","tag-trader-education","tag-trader-playbook","tag-trading-coach","tag-trading-mentor","tag-trend-trend-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Trend Trend Trade | 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\/the-trend-trend-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Trend Trend Trade | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I am officially naming a new trade. SMB will \u00a0call it the Trend Trend Trade. Below we explain through the trade of one of our traders, Shark, reviewing a recent trade in LPS, using the SMB Playbook template. The Trend Trend Trade is a set up where the long term trend and the short term trend\u00a0align. We look for spots ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-trend-trend-trade\" \/>\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=\"2011-06-24T13:36:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-08-25T14:42:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/LPStick.png\" \/>\n\t<meta property=\"og:image:width\" content=\"628\" \/>\n\t<meta property=\"og:image:height\" content=\"481\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"gman\" \/>\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 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