{"id":45280,"date":"2017-05-04T15:25:55","date_gmt":"2017-05-04T19:25:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=45280"},"modified":"2017-05-04T15:25:55","modified_gmt":"2017-05-04T19:25:55","slug":"build-trades-around-the-direction-of-the-real-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/build-trades-around-the-direction-of-the-real-trade","title":{"rendered":"Build trades around the direction of the real trade"},"content":{"rendered":"

\"\"<\/p>\n

In a monthly review, a promising trader found an important area of improvement: build trades around the direction of the real trade.\u00a0 The trader in his monthly review wrote:<\/p>\n

\"\"<\/p>\n

Before the Open yesterday, our top trader was fielding trade ideas from junior traders on his desk.\u00a0 One junior trader offered an idea that was dismissed by the top trader.\u00a0 He counseled, “The news is not good enough to be interested in that stock.”\u00a0 This top trader wanted something that could soar or dive intraday to make it worth his attention.\u00a0 Looking at the big picture for this opportunity, it was not big enough.<\/p>\n

I was chatting with Merritt Black about his recent strong trading performance in crude oil and why.\u00a0 Merritt explained his top down approach that allowed him to gain edge.\u00a0 He was making intraday trades, but his top down approach was helping inform his trade decisions- even intraday decisions.<\/p>\n

I talk about this concept in more detail here<\/a>, in our last online class.<\/p>\n

As active traders, we can get caught in the minutia of moves.\u00a0 The ticks, the one minute charts, and the tape can cause us to lose sight of where our product\/stock is really headed by end of day and week.\u00a0 Take a step back, like this promising trader above,\u00a0 and see the real trade.\u00a0 And then build trades around the direction of that real trade.<\/p>\n

As always, I welcome your comments and trading questions- mbellafiore@smbcap.com.<\/p>\n

*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In a monthly review, a promising trader found an important area of improvement: build trades around the direction of the real trade.\u00a0 The trader in his monthly review wrote: Before the Open yesterday, our top trader was fielding trade ideas from junior traders on his desk.\u00a0 One junior trader offered an idea that was dismissed by the top trader.\u00a0 He … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":45281,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[18,2044,653,1354,1349,5290,5401],"class_list":["post-45280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-smb-capital","tag-trader-taining","tag-trader-training","tag-trading-coach","tag-trading-mentor","tag-trading-program","tag-trading-sabbatical"],"yoast_head":"\nBuild trades around the direction of the real 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\/build-trades-around-the-direction-of-the-real-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Build trades around the direction of the real trade | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In a monthly review, a promising trader found an important area of improvement: build trades around the direction of the real trade.\u00a0 The trader in his monthly review wrote: Before the Open yesterday, our top trader was fielding trade ideas from junior traders on his desk.\u00a0 One junior trader offered an idea that was dismissed by the top trader.\u00a0 He ... 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