{"id":40082,"date":"2015-03-05T22:01:18","date_gmt":"2015-03-06T03:01:18","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=40082"},"modified":"2023-04-25T17:13:12","modified_gmt":"2023-04-25T21:13:12","slug":"only-a-few-make-it-in-this-game","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game","title":{"rendered":"Only A Few Make It In This Game"},"content":{"rendered":"<p>Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled <a href=\"http:\/\/www.smbtraining.com\/blog\/a-dramatic-shift-in-price-action\">&#8220;A Dramatic Shift\u00a0In Price Action&#8221;<\/a>. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from a developing trader.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40084\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\" alt=\"is this similar to eyes\" width=\"487\" height=\"153\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg 624w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes-300x94.jpg 300w\" sizes=\"auto, (max-width: 487px) 100vw, 487px\" \/><\/a><\/p>\n<p>My answer was &#8220;Yes&#8221;. This developing trader has a better chance at success than most. They are willing to work on their game, ask questions, and learn to identify\u00a0repeatable patterns. In this case we are talking about low priced stocks that have small floats\u00a0and have powerful\u00a0Day 1 moves on unusual volume.<\/p>\n<p>When\u00a0the trader\u00a0asked this question about VSLR it was trading around 10.40 in a very tight consolidation (see charts below). Within an hour it broke out and had explosive move to above 11. Well done studying and looking to find your edge. You are heading in the right direction.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/nice-recognition-vslr.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40086\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/nice-recognition-vslr.jpg\" alt=\"nice recognition vslr\" width=\"470\" height=\"588\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/nice-recognition-vslr.jpg 712w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/nice-recognition-vslr-240x300.jpg 240w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/nice-recognition-vslr-300x375.jpg 300w\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years (19 next week ;). His email address is: sspencer@smbcap.com<\/p>\n<p>No Relevant Positions<\/p>\n<p><a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"600\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled &#8220;A Dramatic Shift\u00a0In Price Action&#8221;. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":40084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4690,4685],"class_list":["post-40082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-trading-education","tag-trading-lesson"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Only A Few Make It In This Game | 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\/only-a-few-make-it-in-this-game\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Only A Few Make It In This Game | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled &#8220;A Dramatic Shift\u00a0In Price Action&#8221;. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\" \/>\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=\"2015-03-06T03:01:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-25T21:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"196\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\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=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"Only A Few Make It In This Game\",\"datePublished\":\"2015-03-06T03:01:18+00:00\",\"dateModified\":\"2023-04-25T21:13:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\"},\"wordCount\":212,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\",\"keywords\":[\"trading education\",\"Trading Lesson\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\",\"name\":\"Only A Few Make It In This Game | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\",\"datePublished\":\"2015-03-06T03:01:18+00:00\",\"dateModified\":\"2023-04-25T21:13:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg\",\"width\":624,\"height\":196},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Only A Few Make It In This Game\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\",\"name\":\"sspencer\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/sspencer\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Only A Few Make It In This Game | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game","og_locale":"en_US","og_type":"article","og_title":"Only A Few Make It In This Game | SMB Training","og_description":"Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled &#8220;A Dramatic Shift\u00a0In Price Action&#8221;. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2015-03-06T03:01:18+00:00","article_modified_time":"2023-04-25T21:13:12+00:00","og_image":[{"width":624,"height":196,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg","type":"image\/jpeg"}],"author":"sspencer","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"sspencer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game"},"author":{"name":"sspencer","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27"},"headline":"Only A Few Make It In This Game","datePublished":"2015-03-06T03:01:18+00:00","dateModified":"2023-04-25T21:13:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game"},"wordCount":212,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg","keywords":["trading education","Trading Lesson"],"articleSection":["General Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game","url":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game","name":"Only A Few Make It In This Game | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg","datePublished":"2015-03-06T03:01:18+00:00","dateModified":"2023-04-25T21:13:12+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/03\/is-this-similar-to-eyes.jpg","width":624,"height":196},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/only-a-few-make-it-in-this-game#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Only A Few Make It In This Game"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27","name":"sspencer","url":"https:\/\/www.smbtraining.com\/blog\/author\/sspencer"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/40082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/143"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=40082"}],"version-history":[{"count":1,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/40082\/revisions"}],"predecessor-version":[{"id":54368,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/40082\/revisions\/54368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/40084"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=40082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=40082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=40082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}