{"id":22791,"date":"2013-01-05T10:29:29","date_gmt":"2013-01-05T15:29:29","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=22791"},"modified":"2013-02-24T02:00:11","modified_gmt":"2013-02-24T07:00:11","slug":"i-ripped-it-up-what-now","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now","title":{"rendered":"I ripped it up. what now?"},"content":{"rendered":"

Hi Mike,<\/p>\n

It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook<\/a> (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession of mine to say the least. Unfortunately, after getting my degree in chemical engineering I realized I loved the markets more and most probably no trading firm would hire me without a finance degree so, I took it upon myself. I took a big rip early 2012 and decided to take myself out of the market, rethink my strategy, and do further research before going back to it. I’ve been reading alot; your book being the latest. After all the different readings and research, I’ve started incorporating price volume profile to identify supp\/res and time volume to see where the “big guys” are getting in at into my strategy. Anyway… So, on to two questions I had if you could please answer.<\/p>\n

As much as I’d prefer to day trade, my work hours wouldn’t allow it. So, I’ve been trying to incorporate “the tape” into multi-day swing trading. I really agree with your theory on it giving you an even better feel of the market. Do you think it would make a difference? Taking into account I will be holding these positions overnight or at least for the time I’m at work.<\/p>\n

Also, what would you think the best strategy would be in my case? Always buying on retrackments? I’m not sure if buying\/selling into supp\/res would work for multi-day positions; or should I in-fact try this?<\/p>\n

I appreciate any other insight you could provide.<\/p>\n

Thank you for all your help,<\/p>\n

@mikebellafiore<\/strong><\/p>\n

In my next book The PlayBook<\/a>, in a section subtitled “There is always a market tuition”, I eviscerate the idea of starting a trading career without proper training.\u00a0 You read on trading forums “paying for training is a waste”.\u00a0 Unfortunately, you are yet another example of why that is not accurate.\u00a0 You never see the hundreds of emails written to me, and people like me, like yours.\u00a0 I wonder if one of the biggest advantages to being properly trained is not taking a “huge rip” and all the money saved for so not doing.<\/p>\n

Ok so let’s leave the past in the past, but I thought your start could be a lesson for those who might follow.<\/p>\n

So I love, just love, your thought process here of finding the proper time frame FOR YOU.\u00a0 The first step in your trading career is to determine whether you love trading.\u00a0 Next you must determine which products and time frame is best for you.\u00a0 Exposure to different types of trading and products is a great idea.<\/p>\n

“But Bella that will take me so much time to figure out.”<\/p>\n

My response, “Where are you going?”\u00a0 It will take you three years of training and trading to become a pro trader.\u00a0 Trading is not a quick path to riches.\u00a0 It is a game of skill that must be cultivated through purposeful practice, critical feedback and repetitions.<\/p>\n

Swing trading is a wonderful pursuit for you.\u00a0 How do you use tape reading to find excellent risk\/reward swing trades?\u00a0 Find the Stocks In Play.\u00a0 On Day One find the most important infection points.\u00a0 The place where most of the volume is being done and the big boys are fighting.\u00a0 When the stock moves away from these HUGE inflection points start your swing trade.\u00a0 That is one trade set up worth you trying to make your own.<\/p>\n

GMan developed a Pullback Trade on higher time frames for our training program, The SMB Foundation.\u00a0 I will not give away the secret sauce.\u00a0 But GMan looks for outsized moves on heavy volume, waits for the stock to pullback, resume the direction of the outsized move, and then enters.\u00a0 You can trade this set up on any time frame.<\/p>\n

I hope that helps.<\/p>\n

Thxs for attending our webinar series The PlayBook.\u00a0 Tell your trading friends about this series please.<\/p>\n

Mike Bellafiore<\/p>\n

One Good Trade<\/a><\/p>\n

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

Hi Mike, It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession … 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":[2011],"class_list":["post-22791","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading-coach","no-post-thumbnail"],"yoast_head":"\nI ripped it up. what now? | 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\/i-ripped-it-up-what-now\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I ripped it up. what now? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mike, It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\" \/>\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=\"2013-01-05T15:29:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-02-24T07:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"I ripped it up. what now?\",\"datePublished\":\"2013-01-05T15:29:29+00:00\",\"dateModified\":\"2013-02-24T07:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\"},\"wordCount\":711,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"day trading coach\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\",\"name\":\"I ripped it up. what now? | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2013-01-05T15:29:29+00:00\",\"dateModified\":\"2013-02-24T07:00:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage\",\"url\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"contentUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"I ripped it up. what now?\"}]},{\"@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":"I ripped it up. what now? | 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\/i-ripped-it-up-what-now","og_locale":"en_US","og_type":"article","og_title":"I ripped it up. what now? | SMB Training","og_description":"Hi Mike, It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2013-01-05T15:29:29+00:00","article_modified_time":"2013-02-24T07:00:11+00:00","og_image":[{"url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"I ripped it up. what now?","datePublished":"2013-01-05T15:29:29+00:00","dateModified":"2013-02-24T07:00:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now"},"wordCount":711,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","keywords":["day trading coach"],"articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now","url":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now","name":"I ripped it up. what now? | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2013-01-05T15:29:29+00:00","dateModified":"2013-02-24T07:00:11+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#primaryimage","url":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","contentUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/i-ripped-it-up-what-now#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"I ripped it up. what now?"}]},{"@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\/22791","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=22791"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/22791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=22791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=22791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=22791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}