{"id":36332,"date":"2014-02-23T11:02:24","date_gmt":"2014-02-23T16:02:24","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=36332"},"modified":"2021-05-07T10:04:55","modified_gmt":"2021-05-07T14:04:55","slug":"smbu-trade-of-the-week-facebook","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/smbu-trade-of-the-week-facebook","title":{"rendered":"SMBU Trade of the Week: Facebook"},"content":{"rendered":"<p>Mike Bellafiore, author of the \u201ctrading classic\u201d\u00a0<em>One Good Trade<\/em>\u00a0and\u00a0<em>The PlayBook<\/em>, talks about his SMBU Trade of the Week in $FB. Even though he thought $FB was going to trade lower, when it broke out to the upside, he followed the price action and captured an excellent risk\/reward opportunity.<\/p>\n<p>Highlights from this trade:<\/p>\n<p>1) You do not have to predict where a stock is headed to make excellent risk\/reward trades.<\/p>\n<p>2) Learn a swing pattern trade that repeats often for short-term traders.<\/p>\n<p>3) Learn an important news catalyst that manifests outsized moves.<\/p>\n<p>4) Review a specific consolidation pattern that is likely to move substantially away from this range.<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/532yTI6X-oo\" width=\"600\" height=\"348\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/tf130.infusionsoft.com\/app\/form\/d6f9f32d6aa45c95630d299d1002064e\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-36336\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/02\/smb-newsletter.png\" alt=\"smb-newsletter\" width=\"605\" height=\"60\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/02\/smb-newsletter.png 605w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/02\/smb-newsletter-300x29.png 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/a><\/p>\n<p>&#8220;You can be better tomorrow than you are today!&#8221;<\/p>\n<p>Mike Bellafiore<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\">One Good Trade<br \/>\n<\/a><\/em><em><a href=\"http:\/\/www.amazon.com\/The-PlayBook-Inside-Professional-Trader\/dp\/0132937646\/ref=pd_bxgy_b_img_y\">The PlayBook<\/a><\/em><\/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><br \/>\nMr. Bellafiore is long $FB, $SWY, and short $CONN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Bellafiore, author of the \u201ctrading classic\u201d\u00a0One Good Trade\u00a0and\u00a0The PlayBook, talks about his SMBU Trade of the Week in $FB. Even though he thought $FB was going to trade lower, when it broke out to the upside, he followed the price action and captured an excellent risk\/reward opportunity. Highlights from this trade: 1) You do not have to predict where &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/smbu-trade-of-the-week-facebook\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":36338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,863,1373],"tags":[1181,1813],"class_list":["post-36332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","category-trade-of-the-week","category-trading-lesson","tag-smb-trade-of-the-week","tag-controlling-risk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMBU Trade of the Week: Facebook | 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\/smbu-trade-of-the-week-facebook\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMBU Trade of the Week: Facebook | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Mike Bellafiore, author of the \u201ctrading classic\u201d\u00a0One Good Trade\u00a0and\u00a0The PlayBook, talks about his SMBU Trade of the Week in $FB. Even though he thought $FB was going to trade lower, when it broke out to the upside, he followed the price action and captured an excellent risk\/reward opportunity. Highlights from this trade: 1) You do not have to predict where ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/smbu-trade-of-the-week-facebook\" \/>\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=\"2014-02-23T16:02:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-07T14:04:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/02\/smb-newletter.png\" \/>\n\t<meta property=\"og:image:width\" content=\"605\" \/>\n\t<meta property=\"og:image:height\" content=\"61\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/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 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