{"id":33870,"date":"2013-11-13T11:16:56","date_gmt":"2013-11-13T16:16:56","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=33870"},"modified":"2023-03-31T09:24:00","modified_gmt":"2023-03-31T13:24:00","slug":"trading-quote-of-the-day-16","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trading-quote-of-the-day-16","title":{"rendered":"Trading Quote of the Day &#8211; November 13, 2013"},"content":{"rendered":"<p>The Trading Quote of the Day has to be from this pro trader who sent me an e-mail about a point I made during a Webinar we did last night with BigMikeTrading. He wrote:<\/p>\n<blockquote><p><strong>We&#8217;re just a flea on (the) back of (an) elephant going for the ride.<\/strong><\/p><\/blockquote>\n<p>You can see the entire e-mail and its context below.<\/p>\n<blockquote><p>Hey Mike,<\/p>\n<p>I was in your class tonight at Big Mikes. First time I&#8217;ve heard you, awesome class. You talk about a trader that had a bias to the down side, and then you had to let him go because he just couldn\u2019t shake off that bias. I learned that the market can\u2019t go down until the 50 moving average is over head and falling. Take the daily S&amp;P 500 for instance, from last October of 2012 to this November of 2013: the 50 moving average is below and climbing. This S&amp;P 500 can\u2019t go down until the 50 moving average is over head and falling. We just got let the market tells us what its wants to do. <strong>We&#8217;re just a flea on (the) back of (an) elephant going for the ride.<\/strong><\/p>\n<p>I\u2019ve also learned that a tick leg builds a single 1min green candle and multiple legs on tick builds a 1min green leg, a leg on the 1min builds a single 10 min green candle and multiple legs on the 1min (higher highs and higher lows) builds a 10min green leg and multiple legs on the 10min builds the daily green candle. You can\u2019t have a green daily candle without the 10 min building legs. It\u2019s just that simple. Ticks build the 1min, the 1min builds the 10min, and the 10min builds the daily, and the daily builds the weekly. Multiple time frame pairing. You just can\u2019t separate them. Have you ever seen a picture with in a picture, when you stare at it, all of sudden a different picture appears out of it? It\u2019s the same way with trading. The words I\u2019ve said about multiple time frame pairing as the go from words to a revelation. It\u2019s like OMG I get it, I see it, it as to become real unto them. Every trader has to have their own revelation unto their self.<\/p>\n<p>Again, great class.<\/p><\/blockquote>\n<p>Great quote right?<\/p>\n<p>&#8220;You can be better tomorrow than you are today!&#8221;<\/p>\n<p>Related blog posts:<br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/my-favorite-candlestick-pattern\">My Favorite Candlestick Pattern<\/a><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/higher-time-frame-webinar-primer\">Higher Time Frame Webinar Primer<\/a><\/p>\n<p>Mike Bellafiore<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1382397128&amp;sr=1-1&amp;keywords=one+good+trade\"><em>One Good Trade<\/em><\/a><br \/>\n<a href=\"http:\/\/www.amazon.com\/The-PlayBook-Inside-Professional-Trader-ebook\/dp\/B00DW7PLLQ\/ref=pd_sim_b_1\"><em>The PlayBook<\/em><\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/mikebellafiore\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>No relevant positions<br \/>\n<a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"600\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Trading Quote of the Day has to be from this pro trader who sent me an e-mail about a point I made during a Webinar we did last night with BigMikeTrading. He wrote: We&#8217;re just a flea on (the) back of (an) elephant going for the ride. You can see the entire e-mail and its context below. Hey Mike, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/trading-quote-of-the-day-16\" class=\"more-link\">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":[1],"tags":[2444,2449,4703,2448,2451,4706,4707,1718,653,2445,1989,4712,4690,1888,207],"class_list":["post-33870","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-daytrading","tag-how-to-be-a-day-trader","tag-learn-trading","tag-prop-trade","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","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trading Quote of the Day - November 13, 2013 | 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\/trading-quote-of-the-day-16\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading Quote of the Day - November 13, 2013 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"The Trading Quote of the Day has to be from this pro trader who sent me an e-mail about a point I made during a Webinar we did last night with BigMikeTrading. 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Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/trading-quote-of-the-day-16\" \/>\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=\"2013-11-13T16:16:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-31T13:24:00+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\/trading-quote-of-the-day-16#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trading-quote-of-the-day-16\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Trading Quote of the Day &#8211; 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