{"id":42897,"date":"2015-12-28T12:56:39","date_gmt":"2015-12-28T17:56:39","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42897"},"modified":"2021-05-06T16:35:27","modified_gmt":"2021-05-06T20:35:27","slug":"this-is-your-trading-business","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-is-your-trading-business","title":{"rendered":"This is your trading business"},"content":{"rendered":"
\"image\"<\/figure>\n

We teach a class, SMB DNA, and a student asked this question about the chart above from this class:<\/p>\n

As you can see from the chart, after price broke above 238.40
\nand traded above it, price tested and rebounded from the level 4 times.
\nIt seems to me that this suggests the level is significant intraday as
\nwell. The 3rd and 4th time could have been good locations for entry with
\nminimal risk, since we will be buying support in a range.<\/p>\n

What are your thoughts on this? Or is there a particular reason why your trader decided to not trade the support play?<\/p><\/blockquote>\n

Essentially the student was saying: You guys are teaching X but can I trade Y?<\/i><\/p>\n

Answer: Yes.<\/p>\n

We were teaching a High Beta Technical Breakout Trade.\u00a0 The student wanted to trade a High Beta Support Trade.\u00a0 I like this trade for him\/you if:<\/p>\n

a) it makes sense to you<\/p>\n

b) you experiment taking the trade in real-time<\/p>\n

c) you measure the results of that trade<\/p>\n

d) the trade is profitable for you<\/p>\n

e) you continue refining and improving this setup for you<\/p>\n

This is your business.\u00a0 This is your trading career.\u00a0 Take trades that make sense to you.\u00a0 Take trades that you trade profitably.<\/p>\n

*no relevant positions<\/p>\n

\"joinpremium\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We teach a class, SMB DNA, and a student asked this question about the chart above from this class: As you can see from the chart, after price broke above 238.40 and traded above it, price tested and rebounded from the level 4 times. It seems to me that this suggests the level is significant intraday as well. The 3rd … 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":[1],"tags":[2713,38],"class_list":["post-42897","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-business","tag-trading","no-post-thumbnail"],"yoast_head":"\nThis is your trading business | 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\/this-is-your-trading-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This is your trading business | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We teach a class, SMB DNA, and a student asked this question about the chart above from this class: As you can see from the chart, after price broke above 238.40 and traded above it, price tested and rebounded from the level 4 times. 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