{"id":23406,"date":"2013-01-20T11:09:19","date_gmt":"2013-01-20T16:09:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=23406"},"modified":"2023-05-23T16:38:22","modified_gmt":"2023-05-23T20:38:22","slug":"i-am-all-in-a-new-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade","title":{"rendered":"I am All-In (a new trade)"},"content":{"rendered":"

I have been thinking about a new trade, I am All-In. \u00a0I have been thinking about this trade for a few years and how it would work. \u00a0One of my guys during his review after the close on Friday is working on it. \u00a0Let’s start by reading his review (edited).<\/p>\n

I went for it with an A+ trade.\u00a0 I had 8 or 9,000 shares at one point.\u00a0 Now maybe I<\/p>\n

overtraded it but I \u2018m working on taking shots when I think a stock is ready and it just looked 3 or 4<\/p>\n

times like it was ready to blast off.\u00a0 \u00a0That is a play where I am gonna pull out 5 or 6 grand at least if<\/p>\n

the trade works.<\/p><\/blockquote>\n

During The PlayBook webinar series, created as a prelude for my next book The PlayBook<\/a><\/em>, we have discussed the concept of A+ trades. \u00a0First you build a trading PlayBook of setups that make the most sense to you. \u00a0Then you ferret out the best of those trades, which we call A+ trades. \u00a0We set risk rules for these A+ trades. \u00a0For the intraday trader if you see an A+ setup you MUST risk 30 percent of your intraday loss. \u00a0If you are swing trader you MUST risk 2-5 percent of your trading account. \u00a0This is a powerful exercise to help you trade bigger and make more P&L.<\/p>\n

But what about the best of best A+ setups? \u00a0As a trader there are times when we are trading when we spot our A+ setups and just SEE IT. \u00a0By we just SEE IT I mean we see two things: a) the position has an incredibly high chance of working, b) the trade will work RIGHT NOW. \u00a0The ability to Read the Tape helps us SEE IT.<\/p>\n

For this setup, perhaps also called the I SEE IT Trade, I propose you risk your entire day. \u00a0You risk your entire intraday stop loss. \u00a0So if your intraday stop loss is $3,000 and you determine you can get out of 15k shares with an average loss of 20c then you MUST have a position size of 15k shares. \u00a0You are All-In for this trading session, as they say in poker.<\/p>\n

One thing to consider is the psychological risk for this trade. \u00a0A rip that bums you out is good. \u00a0A rip that causes trauma is bad. \u00a0If the rip causes trading trauma then get rid of this trade. \u00a0Trauma harms your trading while disappointment is just your journey to getting bigger.<\/p>\n

Also, you may only see this trade 3xs a month. \u00a0These are special trades. \u00a0These are the best of the best A+ trades and only<\/em> when you really SEE IT. \u00a0If you think you SEE IT 1x a day then we need to work on what this trade really looks like for you.<\/p>\n

Finally this trade takes advanced trading skill and discipline. \u00a0Here’s how. \u00a0After you are All-In the trade should start to work for you immediately. \u00a0This is why you went All-In. \u00a0If the trade doesn’t work immediately then you MUST start piecing out of the position slowly. \u00a0Offer some out. \u00a0Offer some out hidden. \u00a0Hit a few bids. \u00a0Offer some more out. \u00a0Slowly and with trading care, get back to the size of an A+ trade.<\/p>\n

I would love to hear your thoughts on whether you think this would work for your trading?<\/p>\n

Mike Bellafiore<\/p>\n

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

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

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

I have been thinking about a new trade, I am All-In. \u00a0I have been thinking about this trade for a few years and how it would work. \u00a0One of my guys during his review after the close on Friday is working on it. \u00a0Let’s start by reading his review (edited). I went for it with an A+ trade.\u00a0 I had … 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":[],"class_list":["post-23406","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","no-post-thumbnail"],"yoast_head":"\nI am All-In (a new 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\/i-am-all-in-a-new-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I am All-In (a new trade) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I have been thinking about a new trade, I am All-In. \u00a0I have been thinking about this trade for a few years and how it would work. \u00a0One of my guys during his review after the close on Friday is working on it. \u00a0Let’s start by reading his review (edited). I went for it with an A+ trade.\u00a0 I had ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-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=\"2013-01-20T16:09:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T20:38:22+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-am-all-in-a-new-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"I am All-In (a new trade)\",\"datePublished\":\"2013-01-20T16:09:19+00:00\",\"dateModified\":\"2023-05-23T20:38:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade\"},\"wordCount\":573,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade\",\"name\":\"I am All-In (a new trade) | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2013-01-20T16:09:19+00:00\",\"dateModified\":\"2023-05-23T20:38:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#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-am-all-in-a-new-trade#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"I am All-In (a new trade)\"}]},{\"@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 am All-In (a new trade) | 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-am-all-in-a-new-trade","og_locale":"en_US","og_type":"article","og_title":"I am All-In (a new trade) | SMB Training","og_description":"I have been thinking about a new trade, I am All-In. \u00a0I have been thinking about this trade for a few years and how it would work. \u00a0One of my guys during his review after the close on Friday is working on it. \u00a0Let’s start by reading his review (edited). I went for it with an A+ trade.\u00a0 I had ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2013-01-20T16:09:19+00:00","article_modified_time":"2023-05-23T20:38:22+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-am-all-in-a-new-trade#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"I am All-In (a new trade)","datePublished":"2013-01-20T16:09:19+00:00","dateModified":"2023-05-23T20:38:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade"},"wordCount":573,"commentCount":1,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","articleSection":["Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade","url":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade","name":"I am All-In (a new trade) | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#primaryimage"},"thumbnailUrl":"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png","datePublished":"2013-01-20T16:09:19+00:00","dateModified":"2023-05-23T20:38:22+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/i-am-all-in-a-new-trade#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-am-all-in-a-new-trade#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"I am All-In (a new trade)"}]},{"@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\/23406","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=23406"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/23406\/revisions"}],"predecessor-version":[{"id":55122,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/23406\/revisions\/55122"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=23406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=23406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=23406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}