{"id":3880,"date":"2010-02-24T17:25:30","date_gmt":"2010-02-24T22:25:30","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=3880"},"modified":"2010-02-24T19:28:37","modified_gmt":"2010-02-25T00:28:37","slug":"make-trades-your-own","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/make-trades-your-own","title":{"rendered":"Make Trades Your Own"},"content":{"rendered":"<p>After the Close we watched video of HRB (H&amp;R Block). \u00a0 16 was a huge level on our longer term charts. \u00a0And HRB found this level. \u00a0 And a few interesting questions were raised during our Tradecast. \u00a0One was: would you buy before you saw strength on the tape at 16 or would you just buy?<\/p>\n<p>There is no right answer to this question. \u00a0The answer lies with you. \u00a0 If you are an aggressive trader then when a stock finds an important support level you ought to buy. \u00a0 And buy almost every time so your results are consistent. \u00a0 If you are more cautious then you might wait for confirmation on the tape before entering. \u00a0For me I am piecing into a position as HRB trades near 16. \u00a0 I am an aggressive trader.<\/p>\n<p>Later during our TradeCast Noob Sean asked whether we ought to short when an offer was holding 16. \u00a0 For me this was not a short. \u00a0Perhaps for Sean it was. \u00a0 I thought this was a failed breakdown below 16. \u00a0 For me the play was buy 1\/2 a lot when 15.92 dropped and allowed for a new intraday low, but then rebid instantly. \u00a0 And then wait for the 16 offer to lift to increase my position to 1.5 lots, waiting to add size at higher levels, and treating this as a Trade2Hold. \u00a0 For Noob Sean maybe this was a play both sides (short below 16, long flip above 16) near the 16. \u00a0 It is entirely up to you.<\/p>\n<p>There are market principles that must be followed however. \u00a0 And as long as you respect these market principles and then seek to make trades your own that is fine. \u00a0 For example, shorting strong stocks and buying weak stocks is not a good idea. \u00a0We are all wired differently. \u00a0 We all have different levels of experience, tolerances for risk, buying power, trading skill, etc. \u00a0 Our trades must make sense to us.<\/p>\n<p>Best of luck with your trading!<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-1-year-2-24-10.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3886\" title=\"HRB 1-year 2-24-10\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-1-year-2-24-10.png\" alt=\"\" width=\"553\" height=\"434\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-1-year-2-24-10.png 553w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-1-year-2-24-10-300x235.png 300w\" sizes=\"auto, (max-width: 553px) 100vw, 553px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-2-24-10.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3885\" title=\"HRB 2-24-10\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-2-24-10.png\" alt=\"\" width=\"555\" height=\"433\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-2-24-10.png 555w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-2-24-10-300x234.png 300w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the Close we watched video of HRB (H&amp;R Block). \u00a0 16 was a huge level on our longer term charts. \u00a0And HRB found this level. \u00a0 And a few interesting questions were raised during our Tradecast. \u00a0One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/make-trades-your-own\" 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":[10,456],"tags":[162,700,30,18],"class_list":["post-3880","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","category-trader_development","tag-day-trading-blog","tag-hrb","tag-prop-trading","tag-smb-capital","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>Make Trades Your Own | 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\/make-trades-your-own\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Trades Your Own | SMB Training\" \/>\n<meta property=\"og:description\" content=\"After the Close we watched video of HRB (H&amp;R Block). \u00a0 16 was a huge level on our longer term charts. \u00a0And HRB found this level. \u00a0 And a few interesting questions were raised during our Tradecast. \u00a0One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/make-trades-your-own\" \/>\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=\"2010-02-24T22:25:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-02-25T00:28:37+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HRB-1-year-2-24-10.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 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