{"id":17028,"date":"2012-02-06T17:23:37","date_gmt":"2012-02-06T22:23:37","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=17028"},"modified":"2012-02-06T17:23:37","modified_gmt":"2012-02-06T22:23:37","slug":"one-easy-trade-anf","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/one-easy-trade-anf","title":{"rendered":"One Easy Trade (ANF)"},"content":{"rendered":"<p>After our 11AM Open review a trader approached my desk.<\/p>\n<p>&#8220;Bella can I ask you a question?&#8221;<\/p>\n<p>&#8220;Yes.&#8221;<\/p>\n<p>&#8220;Do you think I should add here to ANF?&#8221; (Abercrombie &amp; Fitch Company)<\/p>\n<p>I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room on the longer term charts to 43.80 and possibly 45.<\/p>\n<p>I said, &#8220;Yes.&#8221;\u00a0 Then bid for ANF at 42.11 where I was hit and set a stop for 41.94.\u00a0 This was a Trade2Hold with upside to its next long term technical level of 43.80.<\/p>\n<p>During the course of the day I managed my stop.\u00a0 I moved it up to 42.34 then later 42.62 when it did not explode through 43, then later to 43.19.\u00a0 It was one of those positions where any subsequent sale was a bad sale.\u00a0 It brought no stress.\u00a0 There was only one moment of indecision around 43 on whether to lighten up.\u00a0 I didn&#8217;t.\u00a0 And even this received little thought.<\/p>\n<p>Near 43.80 I got flat as my target had been reached.\u00a0 This did not slow ANF.\u00a0 Higher still it would climb.\u00a0 But I entered to hold until this level so I exited here.<\/p>\n<p>Overall this was One Easy Trade.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/abf.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-17029\" title=\"abf\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/abf.gif\" alt=\"\" width=\"577\" height=\"382\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/abf.gif 721w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/abf-300x198.gif 300w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Bella<\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=cm_pdp_rev_itm_img_1\">One Good Trade<\/a><\/p>\n<p style=\"text-align: left;\">\n<p><a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After our 11AM Open review a trader approached my desk. &#8220;Bella can I ask you a question?&#8221; &#8220;Yes.&#8221; &#8220;Do you think I should add here to ANF?&#8221; (Abercrombie &amp; Fitch Company) I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/one-easy-trade-anf\" 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":[1990,1964,1828,1193,653,1354,1989],"class_list":["post-17028","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading-class","tag-learn-to-trade","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-course","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>One Easy Trade (ANF) | 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\/one-easy-trade-anf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One Easy Trade (ANF) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"After our 11AM Open review a trader approached my desk. &#8220;Bella can I ask you a question?&#8221; &#8220;Yes.&#8221; &#8220;Do you think I should add here to ANF?&#8221; (Abercrombie &amp; Fitch Company) I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room ... 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