{"id":37744,"date":"2014-05-24T10:29:45","date_gmt":"2014-05-24T14:29:45","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=37744"},"modified":"2014-05-27T13:55:43","modified_gmt":"2014-05-27T17:55:43","slug":"that-is-why-you-show-up-newl","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/that-is-why-you-show-up-newl","title":{"rendered":"That is Why You Show Up ($NEWL)"},"content":{"rendered":"<p>It is tempting to blow off a Friday of trading before a holiday weekend. \u00a0I was young once- the friends, the drinking, the parties, the beach, the golf, the young ladies.<\/p>\n<p>The past three trading sessions we have been trading NEWL for a Reversal Trade. <a href=\"http:\/\/www.smbtraining.com\/blog\/smbu-trading-tip-lessons-from-the-multiple-thousand-dollar-trading-loss\">\u00a0Day One was a rip<\/a>, but a great learning lesson. \u00a0Day Two more profitable than the rips from Day One. \u00a0Friday was Day Three.<\/p>\n<p>3.75 was a key level, learned from Day Two. \u00a0But with a close of 3.35 a spike to 3.75 was only something for a trader to dream about.<\/p>\n<p>What happened?<\/p>\n<p>NEWL found 3.75 (chart below), even after showing more potential weakness by breaking below yesterday&#8217;s close. \u00a0This was a gift from the trading gods, for those looking for a short.<\/p>\n<p>Developing traders fret about being more patient with their trading. \u00a0They ask for explanations of A+ setups. \u00a0They are frustrated with HFTs shaking them out of excellent risk\/reward trades. \u00a0Well then yesterday NEWL spiked to 3.75. Every trader knew what to do there!<\/p>\n<p>The trader at the top of our PnL leaderboard on Friday, because of his shorts in $NEWL, said it best:<\/p>\n<blockquote><p>$NEWL: That is why you show up!<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/05\/NEWL.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-37745\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2014\/05\/NEWL.jpg\" alt=\"NEWL\" width=\"591\" height=\"665\" \/><\/a><\/p>\n<p>Related posts:<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/sit-your-seat\">Sit In Your Seat<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/dont-start-your-vacation-before-your-vacation\">Don&#8217;t Start Your Vacation Before Your Vacation<\/a><\/p>\n<p><em>You can be better tomorrow than you are today!<\/em><\/p>\n<p><span style=\"line-height: 1.5em;\">Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of <\/span><em style=\"line-height: 1.5em;\"><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary-ebook\/dp\/B003VIWRJA\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1396299609&amp;sr=1-1&amp;keywords=The+PlayBook+one+good+trade\">One Good Trade<\/a><\/em><span style=\"line-height: 1.5em;\"> and <\/span><em style=\"line-height: 1.5em;\"><a href=\"http:\/\/www.amazon.com\/Playbook-Inside-Think-Professional-Trader\/dp\/0132937646\/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1358899059&amp;sr=1-1&amp;keywords=The+PlayBook+mike+bellafiore\">The PlayBook<\/a><\/em><span style=\"line-height: 1.5em;\">.<\/span><\/p>\n<p><strong>Learn the skills necessary to identify and manage trades like these in our 10 week mentoring program. Click on banner below for details on next session in May 2014.<\/strong><\/p>\n[useful_banner_manager banners=2 count=1]\n<p>No relevant positions<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is tempting to blow off a Friday of trading before a holiday weekend. \u00a0I was young once- the friends, the drinking, the parties, the beach, the golf, the young ladies. The past three trading sessions we have been trading NEWL for a Reversal Trade. \u00a0Day One was a rip, but a great learning lesson. \u00a0Day Two more profitable than &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/that-is-why-you-show-up-newl\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":36026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3978,2832],"class_list":["post-37744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-newl","tag-show"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>That is Why You Show Up ($NEWL) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/that-is-why-you-show-up-newl\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"That is Why You Show Up ($NEWL) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"It is tempting to blow off a Friday of trading before a holiday weekend. \u00a0I was young once- the friends, the drinking, the parties, the beach, the golf, the young ladies. The past three trading sessions we have been trading NEWL for a Reversal Trade. \u00a0Day One was a rip, but a great learning lesson. \u00a0Day Two more profitable than ... 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