{"id":25024,"date":"2013-03-11T20:26:53","date_gmt":"2013-03-12T00:26:53","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=25024"},"modified":"2023-04-10T17:33:31","modified_gmt":"2023-04-10T21:33:31","slug":"get-bigger-here-dks","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/get-bigger-here-dks","title":{"rendered":"How and Where to Get Bigger ($DKS)"},"content":{"rendered":"<p>Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in<em><a href=\"http:\/\/www.amazon.com\/Playbook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1363006384&amp;sr=1-1&amp;keywords=the+playbook+mike+bellafiore\"> The PlayBook<\/a><\/em>, our traders archive a favorite setup from the trading session for their trading PlayBook. Looking at the trader&#8217;s markup below, we should review an opportunity to get bigger in this position.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25025\" title=\"DKS\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS.jpg\" alt=\"\" width=\"484\" height=\"365\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS.jpg 1151w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS-300x226.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS-1024x774.jpg 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS-250x188.jpg 250w\" sizes=\"auto, (max-width: 484px) 100vw, 484px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Shorting below an Opening Range of a Stock In Play, like today in DKS, is a wonderful setup.<\/p>\n<blockquote><p><strong>Intraday Fundamentals<\/strong><br \/>\nFQ4 EPS of $1.03 misses by $0.03. Revenue of $1.81B (+12% Y\/Y) misses by<br \/>\n$0.05B.<br \/>\nComparable-store sales forecast to slip -2% to -1% . Higher merchandise<br \/>\nmargin seen offsetting escalating store costs during the period.<br \/>\nATR: 1.12<br \/>\nADV: 1.47M<br \/>\nSF%: 9.8%<\/p><\/blockquote>\n<p style=\"text-align: left;\">The trader finds an excellent place to enter, weakness on the tape, below the Opening Range at 45.90. A few things about the management of this trade:<\/p>\n<p style=\"text-align: left;\">1) I like the idea of taking some off into a steep downmove as the trader suggests into 45.25. This is not a move where you should be flat. You should get lighter but continue to hold some of your Trade2Hold position from 45.90.<\/p>\n<p style=\"text-align: left;\">2) A retracement to near 45.90 is an even better short and where you want to <em>get bigger<\/em> than your original position. \u00a0Why? You saw the trade start to work with that move from below the Opening Range at 45.90. You saw confirmation from the price action that your idea to short was correct. There&#8217;s more evidence that the short below the Opening Range will work. Get bigger!<\/p>\n<p style=\"text-align: left;\">3) When you get bigger into a retracement your core position should increase and you should hold until there is a Reason2Cover. In this case the closing bell was your Reason2Cover, assuming your were making an intraday swing trade.<\/p>\n<p style=\"text-align: left;\">Traders are always looking for opportunities to get bigger and hold. This was one such example.<\/p>\n<p>Mike Bellafiore<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/The-Playbook-Inside-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?ie=UTF8&amp;qid=1362680637&amp;sr=8-1&amp;keywords=the+playbook+mike+bellafiore\">The PlayBook<\/a><\/em><\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1362681466&amp;sr=1-1&amp;keywords=one+good+trade\">One Good Trade<\/a><\/em><\/p>\n<p><a href=\"http:\/\/twitter.com\/mikebellafiore\"><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>Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in The PlayBook, our traders archive a favorite setup from the trading session for their trading PlayBook. Looking at the trader&#8217;s markup below, we should review an opportunity to get bigger in this position. Shorting below an Opening Range of a Stock In &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/get-bigger-here-dks\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":25025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1451],"class_list":["post-25024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","tag-trade-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How and Where to Get Bigger ($DKS) | 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\/get-bigger-here-dks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How and Where to Get Bigger ($DKS) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in The PlayBook, our traders archive a favorite setup from the trading session for their trading PlayBook. Looking at the trader&#8217;s markup below, we should review an opportunity to get bigger in this position. Shorting below an Opening Range of a Stock In ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/get-bigger-here-dks\" \/>\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=\"2013-03-12T00:26:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T21:33:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/03\/DKS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1151\" \/>\n\t<meta property=\"og:image:height\" content=\"870\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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 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