{"id":16917,"date":"2012-02-01T12:00:51","date_gmt":"2012-02-01T17:00:51","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=16917"},"modified":"2013-12-04T10:00:57","modified_gmt":"2013-12-04T15:00:57","slug":"this-is-how-you-make-more-money","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money","title":{"rendered":"This is How You Make More Money"},"content":{"rendered":"

I tweeted on the open:<\/p>\n

A pattern to master for the open: The Opening Drive. See\u00a0STX<\/a>\u00a0in the first ten minutes this am.<\/p><\/blockquote>\n

\"Order<\/a><\/p>\n

My inbox is dominated with trading reviews of SMB Traders thirsting to make more, blog readers the same, and new traders looking for the path. Well here it is. The clean, trending STX.<\/p>\n

I traded it on the open. I should have made more. Others around me traded it on the open. They could have made more. I am sure many readers did. I know they will be writing asking how to make more.<\/p>\n

There was the Opening Drive Play from the SMB PlayBook. A stock gapping up that’s first move on the open is not to go down and I got long. I sold into slowness on the tape. I bought back when it did not go down and sold into the next new high. These are momentum trades only for the active trader, but our more effective trades on the open.<\/p>\n

For the swing trader there was 25.20. This became a level. Some time passed. STX was in an uptrend. It had room to trade higher on the longer term technical charts. Above and you can start a long. A move away to above 25.50 and then back towards 25.20 offered a chance to add into a pullback with a stop below 25.20 or 25.15 or 25 based on your time frame.<\/p>\n

STX never violated our logical stop prices for really any time frame. And now it sits $1.90 higher. It was clean. It showed it’s strength. Our risk was definable. Our stops were definable and never were violated. STX traded much higher than its entry opportunity. It was In Play. It trended. These are the moves, these are the stocks that make you that MORE for your month.<\/p>\n

Study this pattern. Dive deep into the characteristics of the trade. See yourself trading more patterns like this and with more size.<\/p>\n

Now I have to go and have a long talk with myself.<\/p>\n

\"\"<\/a><\/div>\n
<\/div>\n
\n
\n

You can be better tomorrow than you are today!<\/p>\n

Mike Bellafiore<\/p>\n

One Good Trade
\n<\/a><\/em>The PlayBook<\/em><\/a><\/p>\n

\"\"<\/a><\/p>\n<\/div>\n

No relevant positions<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

I tweeted on the open: A pattern to master for the open: The Opening Drive. See\u00a0STX\u00a0in the first ten minutes this am. My inbox is dominated with trading reviews of SMB Traders thirsting to make more, blog readers the same, and new traders looking for the path. Well here it is. The clean, trending STX. I traded it on the … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":16924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1964,1828,1193,653,1996,1354,1989,1349],"class_list":["post-16917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","tag-learn-to-trade","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-class","tag-trading-coach","tag-trading-course","tag-trading-mentor"],"yoast_head":"\nThis is How You Make More Money | 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\/this-is-how-you-make-more-money\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This is How You Make More Money | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I tweeted on the open: A pattern to master for the open: The Opening Drive. See\u00a0STX\u00a0in the first ten minutes this am. My inbox is dominated with trading reviews of SMB Traders thirsting to make more, blog readers the same, and new traders looking for the path. Well here it is. The clean, trending STX. I traded it on the ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\" \/>\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=\"2012-02-01T17:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-12-04T15:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\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 name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"This is How You Make More Money\",\"datePublished\":\"2012-02-01T17:00:51+00:00\",\"dateModified\":\"2013-12-04T15:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\"},\"wordCount\":360,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png\",\"keywords\":[\"learn to trade\",\"smbU\",\"trader education\",\"trader training\",\"trading class\",\"trading coach\",\"trading course\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\",\"name\":\"This is How You Make More Money | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png\",\"datePublished\":\"2012-02-01T17:00:51+00:00\",\"dateModified\":\"2013-12-04T15:00:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png\",\"width\":\"500\",\"height\":\"350\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This is How You Make More Money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"This is How You Make More Money | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money","og_locale":"en_US","og_type":"article","og_title":"This is How You Make More Money | SMB Training","og_description":"I tweeted on the open: A pattern to master for the open: The Opening Drive. See\u00a0STX\u00a0in the first ten minutes this am. My inbox is dominated with trading reviews of SMB Traders thirsting to make more, blog readers the same, and new traders looking for the path. Well here it is. The clean, trending STX. I traded it on the ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2012-02-01T17:00:51+00:00","article_modified_time":"2013-12-04T15:00:57+00:00","og_image":[{"width":500,"height":350,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png","type":"image\/png"}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"This is How You Make More Money","datePublished":"2012-02-01T17:00:51+00:00","dateModified":"2013-12-04T15:00:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money"},"wordCount":360,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png","keywords":["learn to trade","smbU","trader education","trader training","trading class","trading coach","trading course","trading mentor"],"articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money","url":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money","name":"This is How You Make More Money | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png","datePublished":"2012-02-01T17:00:51+00:00","dateModified":"2013-12-04T15:00:57+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/stx.png","width":"500","height":"350"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/this-is-how-you-make-more-money#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"This is How You Make More Money"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/16917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=16917"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/16917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/16924"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=16917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=16917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=16917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}