{"id":1807,"date":"2009-08-19T16:25:38","date_gmt":"2009-08-19T21:25:38","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1807"},"modified":"2009-08-19T16:25:38","modified_gmt":"2009-08-19T21:25:38","slug":"dont-start-your-vacation-before-your-vacation","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/dont-start-your-vacation-before-your-vacation","title":{"rendered":"Don&#8217;t Start Your Vacation Before Your Vacation"},"content":{"rendered":"<p>It is the summer. \u00a0It is finally hot in NYC. \u00a0It is so hot that when you just miss your subway it gets really uncomfortable waiting for that next one. \u00a0Ripper. \u00a0And most market commentators keep talking about slow summer trading. \u00a0Chirp. \u00a0Chirp Chirp. \u00a0And most market players were predicting a correction a few days ago. \u00a0Chirp. \u00a0Chirp. \u00a0Chirp. \u00a0And this leads me to our topic of the day. \u00a0Don&#8217;t start your vacation before your vacation.<\/p>\n<p>Look I get that it is hot and nice and it is human nature to start thinking about all the places you could be playing golf. \u00a0And it is the end of the summer and easy to start daydreaming about your summer vacation. \u00a0It is so near. \u00a0And then the talking heads start with &#8220;trading is slow.&#8221; \u00a0And then some more talking heads offer &#8220;the market is headed for a correction.&#8221; \u00a0And you are sitting at your seat and just watch the market trade higher. \u00a0Where is this buying coming from? \u00a0Why is the market trading higher on a slow summer day? \u00a0And then AIG trades higher and you pass. \u00a0HURN trades higher and you pass. \u00a0FAS finds support into the close and you pass. \u00a0HPQ shows strength\u00a0and you pass.<\/p>\n<p>You cannot ask for a better opportunity than HURN above 19.45, with a quick pop to 20.35. HPQ was a layup on the open begging the alert trader to buy. \u00a0FAS was a gift from the trading gods for the focused trader who saw 67.25 support. \u00a0For the momentum trader AIG entered the room above 25. \u00a0Today I sat in my seat and was in every one of these opportunities. \u00a0My vacation starts 9\/5 and not \u00a08\/19.<\/p>\n<p>If you missed all of those plays above because the setups were not right for you then fine. \u00a0But if you missed these <a href=\"http:\/\/www.smbtraining.com\">setups<\/a> because you were not expecting an upmove, or you were not ready for today&#8217;s upmove, well that is not ok. \u00a0And if you were distracted because of the time of the year that is really not ok. \u00a0The Market is not going to show up at your office and start handing out cash. \u00a0And on a day like today even if the Market did, would you even be there?<\/p>\n<p>Over the past twelve years I have found the last week in August to be slow. \u00a0But guess what? \u00a0It is not the last week in August! \u00a0And there were excellent opportunities in all of the stocks above. \u00a0For the intraday trader today was not a day without opportunity. \u00a0And the last week in August will not be here for another seven trading days.<\/p>\n<p>So for the intraday trader not yet on vacation, sit in your seat. \u00a0If you show up to work, then focus. Don&#8217;t start your vacation before your vacation.<\/p>\n<p>Don&#8217;t forget to <a href=\"http:\/\/twitter.com\/smbcapital\">follow us on Twitter!<\/a><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1809\" title=\"HURN 08-19-09\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/08\/HURN-08-19-09.bmp\" alt=\"HURN 08-19-09\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1810\" title=\"AIG 08-19-09\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/08\/AIG-08-19-09.bmp\" alt=\"AIG 08-19-09\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is the summer. \u00a0It is finally hot in NYC. \u00a0It is so hot that when you just miss your subway it gets really uncomfortable waiting for that next one. \u00a0Ripper. \u00a0And most market commentators keep talking about slow summer trading. \u00a0Chirp. \u00a0Chirp Chirp. \u00a0And most market players were predicting a correction a few days ago. \u00a0Chirp. \u00a0Chirp. \u00a0Chirp. \u00a0And &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/dont-start-your-vacation-before-your-vacation\" 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":[1,10],"tags":[4676,18,38,124],"class_list":["post-1807","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-smb-capital","tag-trading","tag-vacation","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>Don&#039;t Start Your Vacation Before Your Vacation | 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\/dont-start-your-vacation-before-your-vacation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don&#039;t Start Your Vacation Before Your Vacation | SMB Training\" \/>\n<meta property=\"og:description\" content=\"It is the summer. \u00a0It is finally hot in NYC. \u00a0It is so hot that when you just miss your subway it gets really uncomfortable waiting for that next one. \u00a0Ripper. \u00a0And most market commentators keep talking about slow summer trading. \u00a0Chirp. \u00a0Chirp Chirp. \u00a0And most market players were predicting a correction a few days ago. \u00a0Chirp. \u00a0Chirp. \u00a0Chirp. \u00a0And ... 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