{"id":36500,"date":"2014-02-26T16:34:02","date_gmt":"2014-02-26T21:34:02","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=36500"},"modified":"2023-08-01T19:28:56","modified_gmt":"2023-08-01T23:28:56","slug":"smb-trading-lesson-of-the-day-buying-pullbacks-on-the-open","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/smb-trading-lesson-of-the-day-buying-pullbacks-on-the-open","title":{"rendered":"SMB Trading Lesson of the Day: Buying Pullbacks on The Open"},"content":{"rendered":"<p>In this SMBU Trading Lesson of the Day, Bella, author of the \u201ctrading classic\u201d\u00a0<em>One Good Trade<\/em>\u00a0and\u00a0<em>The PlayBook<\/em>, talks about a trading pattern that&#8217;s been working in this Bull Market.<\/p>\n<p>Highlights from this trade:<\/p>\n<p>1) This pattern works extremely well in a Bull Market.<\/p>\n<p>2) Incorporate this strategy into multiple timeframes.<\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial','sans-serif';\">3) LOW gapped up significantly on earnings; see Mike\u2019s thoughts on how he planned to trade this after watching HD trade yesterday.<\/span><\/p>\n<p><span style=\"font-family: 'Arial','sans-serif';\">4) After the gap up, LOW was extremely weak on no news, but then it reversed strongly to the upside. <\/span><\/p>\n<p>5) Are traders getting too aggressive on the sell side as a means of getting the stock marked at great prices where they can ultimately buy?<\/p>\n<p>We hope you enjoy this trading education video.<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/iGBF1sLhyrg\" width=\"600\" height=\"348\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.youtube.com\/playlist?list=PLo5LM9g7UwiY9yotqbt2ssKQOANbdILmn\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/i.smbtraining.com\/banners\/smb-youtube.png\" alt=\"smb-youtube-daytrading-trading-prop-trading-education-videos-markets\" width=\"600\" height=\"150\" \/><\/a><\/p>\n<div>\n<p><em>You can be better tomorrow than you are today!<\/em><\/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 \/>\nNo relevant positions<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this SMBU Trading Lesson of the Day, Bella, author of the \u201ctrading classic\u201d\u00a0One Good Trade\u00a0and\u00a0The PlayBook, talks about a trading pattern that&#8217;s been working in this Bull Market. Highlights from this trade: 1) This pattern works extremely well in a Bull Market. 2) Incorporate this strategy into multiple timeframes. 3) LOW gapped up significantly on earnings; see Mike\u2019s thoughts &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lesson-of-the-day-buying-pullbacks-on-the-open\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[863,1373,15],"tags":[1774,4685],"class_list":["post-36500","post","type-post","status-publish","format-standard","hentry","category-trade-of-the-week","category-trading-lesson","category-trading_theory","tag-buying-a-pullback","tag-trading-lesson","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>SMB Trading Lesson of the Day: Buying Pullbacks on The Open | 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\/smb-trading-lesson-of-the-day-buying-pullbacks-on-the-open\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMB Trading Lesson of the Day: Buying Pullbacks on The Open | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this SMBU Trading Lesson of the Day, Bella, author of the \u201ctrading classic\u201d\u00a0One Good Trade\u00a0and\u00a0The PlayBook, talks about a trading pattern that&#8217;s been working in this Bull Market. Highlights from this trade: 1) This pattern works extremely well in a Bull Market. 2) Incorporate this strategy into multiple timeframes. 3) LOW gapped up significantly on earnings; see Mike\u2019s thoughts ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/smb-trading-lesson-of-the-day-buying-pullbacks-on-the-open\" \/>\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=\"2014-02-26T21:34:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-01T23:28:56+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/i.smbtraining.com\/banners\/smb-youtube.png\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\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=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" 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