{"id":4087,"date":"2010-03-11T19:01:19","date_gmt":"2010-03-12T00:01:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=4087"},"modified":"2013-03-15T11:01:34","modified_gmt":"2013-03-15T15:01:34","slug":"a-new-arrow-for-your-quiver","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-new-arrow-for-your-quiver","title":{"rendered":"A New Arrow For Your Quiver"},"content":{"rendered":"<p>I have never written a blog post about the trade setup that I&#8217;m about to discuss. For the most part we share pretty openly the setups and techniques we use on a daily basis to make money. I&#8217;ve been contacted by many developing traders who actually can&#8217;t believe the amount of information we provide free of charge via our blog.<\/p>\n<p>There are a few setups that I have been reluctant to discuss for fear that somehow the trades would become more crowded and impact my ability to make money. Most likely that fear is unwarranted as trading is about finding setups that work for <em>you<\/em> and figuring out how to best trade them. Even if I were to discuss the following trade setup during our AM Meeting 80%+ of our desk would not make the trade because either it is not part of their playbook or they would be focused on a different stock when the setup triggered.<\/p>\n<p>The trade is a fade trade based on a breakout on heavy volume during the prior trading day. On the second day the stock opens higher than the prior day&#8217;s breakout price. You buy the stock when it drops to the breakout price. You are relying on the fact that those who paid on the prior day&#8217;s breakout are willing to defend the stock at that price, and those who missed the initial breakout may initiate a position at that price as well.<\/p>\n<p>The example from today was FSLR. Yesterday it popped on big volume from 110. This morning when it pulled back there it was bought. There was a huge surge in volume and it traded up four points in 15 minutes. Depending on the time of day and what the box looks like when it hits your entry price will help you to determine how much size to have for the play. But this is a trade I am willing to make 100% of the time. The risk to reward is generally greater than 1:10.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fslr-prior-day-breakout.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4090\" title=\"fslr prior day breakout\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fslr-prior-day-breakout-300x180.png\" alt=\"\" width=\"300\" height=\"180\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fslr-prior-day-breakout-300x180.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fslr-prior-day-breakout.png 559w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have never written a blog post about the trade setup that I&#8217;m about to discuss. For the most part we share pretty openly the setups and techniques we use on a daily basis to make money. I&#8217;ve been contacted by many developing traders who actually can&#8217;t believe the amount of information we provide free of charge via our blog. &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-new-arrow-for-your-quiver\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":4090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[543,618,712,755,757,756,479,55,720],"class_list":["post-4087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-dont","tag-make","tag-more","tag-not","tag-people","tag-sure","tag-this","tag-trade","tag-why"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A New Arrow For Your Quiver | 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\/a-new-arrow-for-your-quiver\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A New Arrow For Your Quiver | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I have never written a blog post about the trade setup that I&#8217;m about to discuss. For the most part we share pretty openly the setups and techniques we use on a daily basis to make money. I&#8217;ve been contacted by many developing traders who actually can&#8217;t believe the amount of information we provide free of charge via our blog. ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-new-arrow-for-your-quiver\" \/>\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=\"2010-03-12T00:01:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-03-15T15:01:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fslr-prior-day-breakout.png\" \/>\n\t<meta property=\"og:image:width\" content=\"559\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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\" 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