{"id":33337,"date":"2013-11-01T20:18:05","date_gmt":"2013-11-02T00:18:05","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=33337"},"modified":"2013-11-01T20:18:05","modified_gmt":"2013-11-02T00:18:05","slug":"a-firemans-2nd-day-trend-trend-trade-fslr","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-firemans-2nd-day-trend-trend-trade-fslr","title":{"rendered":"A Fireman’s 2nd Day Trend Trend Trade (FSLR)"},"content":{"rendered":"

We received this e-mail from an SMBU Blog reader. \u00a0We hope you enjoy.<\/p>\n

So I had my first PlayBook trade today (that is, an A+\u00a0setup that I had previously seen and \u00a0wrote a detailed Playbook entry for and now I actually traded it …)<\/p>\n

<\/div>\n
The trade was a Second Day Play with Trend Trend characteristics that breaks out over pre-market highs…<\/div>\n
<\/div>\n
FSLR…reported good earnings yesterday and was In Play. It was strong premarket with premarket high at 55.29. It gaps on open of regular session >3%<\/div>\n
<\/div>\n
and is def in play, it takes out the premarket highs and I am long.<\/div>\n
<\/div>\n
THEN THE MAGIC HAPPENS!<\/div>\n
<\/div>\n
So on a 1 year Daily chart it trades through its prior swing price of 56.25 and I add a little, and then it is approaching 12 month\u00a0highs and I add above 57 which<\/div>\n
<\/div>\n
was a level from the daily, and finally it breaks the 12 month high and I add more on a pull in on the 5 min chart.<\/div>\n
<\/div>\n
So the Premise for the trade came from One Good Trade<\/em>, but the real benefit was having written a Playbook trade for this that I could reference gave me the confidence to ‘actually<\/div>\n
<\/div>\n
add to my position multiple times and hold for the larger move. As you say its being bigger in your best setups that will magnify my efforts – and I saw that today for sure.<\/div>\n
<\/div>\n
Anyways ….. i just have a small account as in University right now but a couple more trades like this will put me past the PDT threshold and then it is on<\/div>\n<\/blockquote>\n
<\/div>\n
\"A++<\/a><\/div>\n
<\/div>\n
<\/div>\n
\"A++<\/a><\/div>\n
<\/div>\n
<\/div>\n
What are your thoughts on this fireman’s trade?<\/div>\n
<\/div>\n
The SMBU Team<\/div>\n
no relevant positions<\/div>\n","protected":false},"excerpt":{"rendered":"

We received this e-mail from an SMBU Blog reader. \u00a0We hope you enjoy. So I had my first PlayBook trade today (that is, an A+\u00a0setup that I had previously seen and \u00a0wrote a detailed Playbook entry for and now I actually traded it …) The trade was a Second Day Play with Trend Trend characteristics that breaks out over pre-market … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":33338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2351,1089,425,240,55,396],"class_list":["post-33337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-2nd","tag-community","tag-day","tag-fslr","tag-trade","tag-trend"],"yoast_head":"\nA Fireman's 2nd Day Trend Trend Trade (FSLR) | 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\/a-firemans-2nd-day-trend-trend-trade-fslr\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Fireman's 2nd Day Trend Trend Trade (FSLR) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We received this e-mail from an SMBU Blog reader. \u00a0We hope you enjoy. So I had my first PlayBook trade today (that is, an A+\u00a0setup that I had previously seen and \u00a0wrote a detailed Playbook entry for and now I actually traded it …) The trade was a Second Day Play with Trend Trend characteristics that breaks out over pre-market ... 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