{"id":28673,"date":"2013-07-09T15:28:33","date_gmt":"2013-07-09T19:28:33","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=28673"},"modified":"2013-07-14T21:30:15","modified_gmt":"2013-07-15T01:30:15","slug":"how-do-i-stay-big-for-the-real-move","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-do-i-stay-big-for-the-real-move","title":{"rendered":"How Do I Stay Big for the Real Move?"},"content":{"rendered":"

Dear Bella,<\/p>\n

\n
I can not wait for The Playbook<\/em>!<\/div>\n
<\/div>\n
I started “eating” everything on the SMB Blog six months ago and went though key haha moments thanks to what I learnt, which suddenly made me a lot more profitable (kind of wasted 2 years with useless teachers).<\/div>\n
<\/div>\n
So I started to build a playbook ( my Iphoto app became full of the setups I like ) and I started scaling in and out, trying to stay in the stock as big and as long as possible. I need now to optimize my scaling in and out tricks, I often noticed that I’m not big enough anymore in the stock when it keeps going in the direction of the trade I took for a few more points….<\/div>\n
I try to use the “reasons to sell” for starting to scale out and check the 5 mins and 15 mins charts to see if we’re still trending. I also try to scale in when the stocks gets above new key levels or retesting a level with action on the tape that confims my bias.<\/div>\n
My question is what could help me more to stay big as long as possible ?<\/div>\n
<\/div>\n
I also want to be more efficient executing orders, I use InteractiveBrokers and I’m not familiar with the software U use that I’m sure offers more features, maybe U could tell us what are the key shortcuts U use to be able to react to any situations very quickly.<\/div>\n
<\/div>\n
I attached a chart of IBM with comments on how I played it that day (few months ago).<\/div>\n
Au revoir et merci beaucoup !<\/div>\n<\/blockquote>\n
<\/div>\n
\"IBM\"<\/a><\/div>\n
<\/div>\n
<\/div>\n
@mikebellafiore<\/strong><\/div>\n
\n

I wrote extensively in The PlayBook<\/em> about techniques to hold your winning positions for the real move. First, I suggest\"Order<\/a> determining your Trades2Hold, trades that are worth holding. Next, I outline a strategy for exiting, which we call Reasons2Sell (see our Webinar on Reasons2Sell<\/a>). I describe those Reasons2Sell in detail. Further, I introduce a system for you to determine your risk for each of your trades, which will help you hold. Finally, you might also want to work with a psychology trading coach to hold your winning trades longer.\u00a0Dr. Menaker<\/a> is in our office as I write talking to some of our traders, and has worked one-0n-one with our traders in the past.<\/p>\n<\/div>\n

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

You can be better tomorrow than you are today!<\/p>\n

Related blog posts:<\/p>\n

A Reason2Sell in $EPXR (If Your Stock Breaks The Uptrend)<\/a><\/p>\n

The Time Stop (an Example in $YUM)<\/a><\/p>\n

When Should I Sell?<\/a><\/p>\n

An Exit Strategy to Add to Your Trading (Reasons2Sell)<\/a><\/p>\n

Is a Time Stop a Reason2Cover My Position in GMCR?<\/a><\/p>\n

Mike Bellafiore<\/p>\n

The PlayBook<\/a><\/em><\/p>\n

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

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

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

Dear Bella, I can not wait for The Playbook! I started “eating” everything on the SMB Blog six months ago and went though key haha moments thanks to what I learnt, which suddenly made me a lot more profitable (kind of wasted 2 years with useless teachers). So I started to build a playbook ( my Iphoto app became full … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":28674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1168,2444,2449,4703,504,2448,542,2399,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-28673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-big","tag-daytrading","tag-how-to-be-a-day-trader","tag-learn-trading","tag-move","tag-prop-trade","tag-real","tag-stay","tag-stock-market-course","tag-stock-trading-education","tag-stock-training","tag-the-playbook","tag-trader-training","tag-trading-careers","tag-trading-course","tag-trading-courses","tag-trading-education","tag-trading-school","tag-trading-stocks"],"yoast_head":"\nHow Do I Stay Big for the Real Move? | 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\/how-do-i-stay-big-for-the-real-move\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Do I Stay Big for the Real Move? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Dear Bella, I can not wait for The Playbook! 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