{"id":38404,"date":"2014-07-24T17:34:50","date_gmt":"2014-07-24T21:34:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=38404"},"modified":"2023-05-24T17:36:52","modified_gmt":"2023-05-24T21:36:52","slug":"the-playbook-checkup-facebook-earnings-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-playbook-checkup-facebook-earnings-trade","title":{"rendered":"The PlayBook Checkup: Facebook Earnings Trade"},"content":{"rendered":"<p>Below is our newest installment of The PlayBook Checkup with Bella, author of <em>One Good Trade<\/em> and <em>The PlayBook. <\/em>During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video, an SMB trader talks about\u00a0his trade in Facebook, stock symbol $FB, with a best practice highlighted that can help your trading.<\/p>\n<p><strong>@MikeBellafiore<\/strong><\/p>\n<p>This video blog below shows the importance of an elite trading process. \u00a0The trader scoured through his past trading results in $FB and detected that he had edge in the afterhours right after it reported. \u00a0Thus when $FB reported yesterday, he started trading it in the afterhours.<\/p>\n<p>Most developing traders trade $FB way too often. \u00a0$FB is generally not the greatest intraday trading stock \u00a0because it touches too many prices causing stop outs. \u00a0During mentoring sessions at SMB, I correct when a new\u00a0trader\u00a0always wants to talk about how $FB had traded intraday. \u00a0$FB should be traded during select times so you have edge, which we discuss below. \u00a0This trader did not have edge expect right after it reported in the afterhours so said his trading results. \u00a0But because he has an elite process, he found opportunity to trade when he had edge and build from his strengths.<\/p>\n<p>Do you know where you have edge in your trading? \u00a0Do you have an elite process that helps you find your edge? \u00a0Even edges that may surprise you? \u00a0Consider the work of this trader and develop his best practice for your trading.<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/M1GdkNFbOeU\" width=\"600\" height=\"348\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related Posts<\/strong><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/a-focus-on-immediately-being-in-the-money-helped-this-trader-improve-2\">A Focus on Being Immediately in the Money Helped this Trader<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/finding-and-increasing-your-trading-edge\">Finding and Increasing your Trading Edge<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/the-playbook-checkup-unusual-option-activity-in-sune\">The PlayBook Checkup: Unusual Options Activity in $SUNE<\/a><\/p>\n<p><em>You can be better tomorrow than you are today!<\/em><\/p>\n<p>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 <em><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> and <em><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>.<\/p>\n<p>No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Below is our newest installment of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video, an SMB trader talks &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-playbook-checkup-facebook-earnings-trade\" 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":[4054,456,1373],"tags":[3622,3989,361,745,55],"class_list":["post-38404","post","type-post","status-publish","format-standard","hentry","category-in-house-training","category-trader_development","category-trading-lesson","tag-checkup","tag-depo","tag-fade","tag-playbook","tag-trade","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>The PlayBook Checkup: Facebook Earnings Trade | 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\/the-playbook-checkup-facebook-earnings-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The PlayBook Checkup: Facebook Earnings Trade | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Below is our newest installment of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. 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