{"id":49828,"date":"2020-04-30T11:29:47","date_gmt":"2020-04-30T15:29:47","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49828"},"modified":"2020-04-30T11:30:45","modified_gmt":"2020-04-30T15:30:45","slug":"the-4-keys-to-a-junior-prop-firm-trader-profiting-better-than-he-ever-has-before","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-4-keys-to-a-junior-prop-firm-trader-profiting-better-than-he-ever-has-before","title":{"rendered":"The 4 Keys To A Junior Prop Firm Trader Profiting Better Than He Ever Has Before"},"content":{"rendered":"

In this video learn the 4 keys to a junior prop firm trader profiting better than he ever has before. This junior trader shares one of his best trades ever but more importantly what has propelled him to trade as well as he ever has.<\/p>\nView Video Transcript<\/strong><\/span>

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imagine how you would feel to trade and<\/div>\n<\/div>\n<\/div>\n
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profit as well as you ever have finally<\/div>\n<\/div>\n<\/div>\n
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well in this video learned the four keys<\/div>\n<\/div>\n<\/div>\n
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to a jr. prop firm trader profiting<\/div>\n<\/div>\n<\/div>\n
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better than he ever has before<\/div>\n<\/div>\n<\/div>\n
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hi I’m Mike bellifiore co-founder of SME<\/div>\n<\/div>\n<\/div>\n
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capital and we’re a proprietary trading<\/div>\n<\/div>\n<\/div>\n
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firm located in midtown Manhattan and<\/div>\n<\/div>\n<\/div>\n
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I’m also the author of the trading<\/div>\n<\/div>\n<\/div>\n
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classic one good trade and the playbook<\/div>\n<\/div>\n<\/div>\n
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click our subscribe button so you don’t<\/div>\n<\/div>\n<\/div>\n
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miss any of the videos they’re producing<\/div>\n<\/div>\n<\/div>\n
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for you in the trading community in this<\/div>\n<\/div>\n<\/div>\n
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video a junior trader shares one of his<\/div>\n<\/div>\n<\/div>\n
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best trades ever but more importantly<\/div>\n<\/div>\n<\/div>\n
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what has propelled him the trade as well<\/div>\n<\/div>\n<\/div>\n
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as he ever has I’m going to be talking<\/div>\n<\/div>\n<\/div>\n
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about an all day wedge breakout trade<\/div>\n<\/div>\n<\/div>\n
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and Tesla that I made a couple days ago<\/div>\n<\/div>\n<\/div>\n
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last week so dr. Schneeberger and I<\/div>\n<\/div>\n<\/div>\n
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after marches historic performance on<\/div>\n<\/div>\n<\/div>\n
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the desk got together and said hey how<\/div>\n<\/div>\n<\/div>\n
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do we leverage the great performance<\/div>\n<\/div>\n<\/div>\n
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that our guys had and one of the ideas<\/div>\n<\/div>\n<\/div>\n
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that he had was why don’t we have all of<\/div>\n<\/div>\n<\/div>\n
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the traders present to all of the other<\/div>\n<\/div>\n<\/div>\n
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traders a best trade from the month of<\/div>\n<\/div>\n<\/div>\n
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March and the the key best practices<\/div>\n<\/div>\n<\/div>\n
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that led there’s death so it’s not just<\/div>\n<\/div>\n<\/div>\n
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what did they trade well but it’s why<\/div>\n<\/div>\n<\/div>\n
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they traded well and so you know one of<\/div>\n<\/div>\n<\/div>\n
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the things to know from you that doing a<\/div>\n<\/div>\n<\/div>\n
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lot better you came in with a ton of<\/div>\n<\/div>\n<\/div>\n
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experience prior to that relative to the<\/div>\n<\/div>\n<\/div>\n
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typical SM trader and have tried a bunch<\/div>\n<\/div>\n<\/div>\n
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of different things you have one of the<\/div>\n<\/div>\n<\/div>\n
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great mentors anyone could possibly have<\/div>\n<\/div>\n<\/div>\n
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your own sharks team sharks one of the<\/div>\n<\/div>\n<\/div>\n
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great active traders on the street and<\/div>\n<\/div>\n<\/div>\n
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you have a bunch of resources but it<\/div>\n<\/div>\n<\/div>\n
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does take some time and then even after<\/div>\n<\/div>\n<\/div>\n
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take some time there’s been a really<\/div>\n<\/div>\n<\/div>\n
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Navigant uptick in your trading any<\/div>\n<\/div>\n<\/div>\n
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reasons for that yeah so I think that<\/div>\n<\/div>\n<\/div>\n
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you know for a little bit of background<\/div>\n<\/div>\n<\/div>\n
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without digressing too much a lot of my<\/div>\n<\/div>\n<\/div>\n
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previous experiences come in trading S&P<\/div>\n<\/div>\n<\/div>\n
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500<\/div>\n<\/div>\n<\/div>\n
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most of my work has been developing you<\/div>\n<\/div>\n<\/div>\n
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know how to trade high beta momentum<\/div>\n<\/div>\n<\/div>\n
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stocks off the open kind of in tandem<\/div>\n<\/div>\n<\/div>\n
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with the spies and the futures and and<\/div>\n<\/div>\n<\/div>\n
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building my levels using market profile<\/div>\n<\/div>\n<\/div>\n
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and and having certain momentum driven<\/div>\n<\/div>\n<\/div>\n
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indicators that I use and that’s kind of<\/div>\n<\/div>\n<\/div>\n
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been the formation of my system but you<\/div>\n<\/div>\n<\/div>\n
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know what really never clicked for me<\/div>\n<\/div>\n<\/div>\n
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was how to make those you know<\/div>\n<\/div>\n<\/div>\n
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psychological shifts managing risk<\/div>\n<\/div>\n<\/div>\n
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choosing going to be selective and<\/div>\n<\/div>\n<\/div>\n
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really you know ironing out a bunch of<\/div>\n<\/div>\n<\/div>\n
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non you know chart pattern type things<\/div>\n<\/div>\n<\/div>\n
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that are way more important in trading<\/div>\n<\/div>\n<\/div>\n
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in my opinion so you know with the<\/div>\n<\/div>\n<\/div>\n
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uptick in volatility I I certainly felt<\/div>\n<\/div>\n<\/div>\n
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that there was maybe a little bit of<\/div>\n<\/div>\n<\/div>\n
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pressure on me given the fact that you<\/div>\n<\/div>\n<\/div>\n
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know I have spy trading experience that<\/div>\n<\/div>\n<\/div>\n
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you know make it a point to do that when<\/div>\n<\/div>\n<\/div>\n
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it’s in play and you know now we have<\/div>\n<\/div>\n<\/div>\n
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this historic volatility it’s really my<\/div>\n<\/div>\n<\/div>\n
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time to step up and see whether or not I<\/div>\n<\/div>\n<\/div>\n
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can I can trade consistently in this<\/div>\n<\/div>\n<\/div>\n
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type of environment where there’s so<\/div>\n<\/div>\n<\/div>\n
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much opportunity so really you know I<\/div>\n<\/div>\n<\/div>\n
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had to make the decision I really needed<\/div>\n<\/div>\n<\/div>\n
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to double down and triple down on you<\/div>\n<\/div>\n<\/div>\n
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know specific parts of my process that<\/div>\n<\/div>\n<\/div>\n
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could really bring that trading you know<\/div>\n<\/div>\n<\/div>\n
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to the next level for me the biggest one<\/div>\n<\/div>\n<\/div>\n
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you know with this whole quarantine and<\/div>\n<\/div>\n<\/div>\n
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trading remote I’ve been in st. Louis<\/div>\n<\/div>\n<\/div>\n
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you know for eight weeks no six weeks<\/div>\n<\/div>\n<\/div>\n
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seven weeks something like that can’t<\/div>\n<\/div>\n<\/div>\n
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even keep track anymore but something I<\/div>\n<\/div>\n<\/div>\n
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really dialed in on was having rigidity<\/div>\n<\/div>\n<\/div>\n
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in my routine so that I could recognize<\/div>\n<\/div>\n<\/div>\n
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when I wasn’t necessarily in what I<\/div>\n<\/div>\n<\/div>\n
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would consider like a flow State<\/div>\n<\/div>\n<\/div>\n
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you know when am I gonna be trading well<\/div>\n<\/div>\n<\/div>\n
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when am I not gonna be trading well am I<\/div>\n<\/div>\n<\/div>\n
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until all those different you know<\/div>\n<\/div>\n<\/div>\n
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variables and your psyche it’s a lot<\/div>\n<\/div>\n<\/div>\n
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easier to iron in on those when day to<\/div>\n<\/div>\n<\/div>\n
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day there’s extreme consistency in your<\/div>\n<\/div>\n<\/div>\n
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routine I wake up at the same time every<\/div>\n<\/div>\n<\/div>\n
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day I drink my coffee at the same time<\/div>\n<\/div>\n<\/div>\n
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every day like you know things that kind<\/div>\n<\/div>\n<\/div>\n
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sound of robotic and and silly or<\/div>\n<\/div>\n<\/div>\n
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actually so important for me because I<\/div>\n<\/div>\n<\/div>\n
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need to be able to recognize when I’m<\/div>\n<\/div>\n<\/div>\n
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not doing well based off of some other<\/div>\n<\/div>\n<\/div>\n
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type of psychological trigger I don’t<\/div>\n<\/div>\n<\/div>\n
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think this is silly at all and that is<\/div>\n<\/div>\n<\/div>\n
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why dr. Stein Berger and I crafted this<\/div>\n<\/div>\n<\/div>\n
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exercise for the desk which is this<\/div>\n<\/div>\n<\/div>\n
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stuff really matters it’s not just what<\/div>\n<\/div>\n<\/div>\n
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you’re trading well but why are trading<\/div>\n<\/div>\n<\/div>\n
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well that you need to<\/div>\n<\/div>\n<\/div>\n
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study and I wrote a tweet over the<\/div>\n<\/div>\n<\/div>\n
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weekend that could have been talking<\/div>\n<\/div>\n<\/div>\n
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about you where I said the trader<\/div>\n<\/div>\n<\/div>\n
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trading the best that are from this<\/div>\n<\/div>\n<\/div>\n
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month<\/div>\n<\/div>\n<\/div>\n
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considering experience is up about 25<\/div>\n<\/div>\n<\/div>\n
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grand for the month this is about 1<\/div>\n<\/div>\n<\/div>\n
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million less P&L than the best trader we<\/div>\n<\/div>\n<\/div>\n
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know who that is<\/div>\n<\/div>\n<\/div>\n
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who would acknowledge and that traitor<\/div>\n<\/div>\n<\/div>\n
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you know who’s up about a million<\/div>\n<\/div>\n<\/div>\n
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dollars more would acknowledge that that<\/div>\n<\/div>\n<\/div>\n
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trader should be up more given his<\/div>\n<\/div>\n<\/div>\n
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abilities you’re competing against your<\/div>\n<\/div>\n<\/div>\n
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best and so this stuff isn’t silly at<\/div>\n<\/div>\n<\/div>\n
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all I mean you experienced or<\/div>\n<\/div>\n<\/div>\n
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experienced pound-for-pound trader 4<\/div>\n<\/div>\n<\/div>\n
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trader or trading as well as anybody at<\/div>\n<\/div>\n<\/div>\n
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the firm and these are some changes that<\/div>\n<\/div>\n<\/div>\n
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you’ve made and so it’s not just about<\/div>\n<\/div>\n<\/div>\n
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it’s not just about hey I like this set<\/div>\n<\/div>\n<\/div>\n
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up I trade this set up well let me go<\/div>\n<\/div>\n<\/div>\n
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look for those setups and trade them<\/div>\n<\/div>\n<\/div>\n
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more that’s important trade you playbook<\/div>\n<\/div>\n<\/div>\n
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but it’s also what gets you trading<\/div>\n<\/div>\n<\/div>\n
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those PlayBook trades for you at your<\/div>\n<\/div>\n<\/div>\n
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best<\/div>\n<\/div>\n<\/div>\n
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so rigidity and routine mm-hmm I think<\/div>\n<\/div>\n<\/div>\n
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they’re helpful from there you know as<\/div>\n<\/div>\n<\/div>\n
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you know for me I’ve been during this<\/div>\n<\/div>\n<\/div>\n
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time like rapidly increasing my buying<\/div>\n<\/div>\n<\/div>\n
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power in my risk and in that process<\/div>\n<\/div>\n<\/div>\n
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I’ve been doing it very methodically a<\/div>\n<\/div>\n<\/div>\n
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set percentage increase every single<\/div>\n<\/div>\n<\/div>\n
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time you know obviously working with<\/div>\n<\/div>\n<\/div>\n
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Carlton every 10 days net positive if<\/div>\n<\/div>\n<\/div>\n
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I’m happy with the trading over the<\/div>\n<\/div>\n<\/div>\n
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course of the 10 days enough to bump my<\/div>\n<\/div>\n<\/div>\n
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risk I bump it up methodically I mean<\/div>\n<\/div>\n<\/div>\n
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trade a relative basket of stocks that<\/div>\n<\/div>\n<\/div>\n
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doesn’t change too much and because of<\/div>\n<\/div>\n<\/div>\n
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that you know going back to the routine<\/div>\n<\/div>\n<\/div>\n
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and and having a feel for the certain<\/div>\n<\/div>\n<\/div>\n
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things that you’re trading to you know I<\/div>\n<\/div>\n<\/div>\n
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know what type of size I need to be<\/div>\n<\/div>\n<\/div>\n
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trading at Apple Tesla and video all<\/div>\n<\/div>\n<\/div>\n
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these high beta momentum stocks on<\/div>\n<\/div>\n<\/div>\n
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trading and because I know that I can<\/div>\n<\/div>\n<\/div>\n
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very easily say okay I just bumped up my<\/div>\n<\/div>\n<\/div>\n
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risk 25% in these setups I need to be<\/div>\n<\/div>\n<\/div>\n
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increasing my risk 25% and when you’re<\/div>\n<\/div>\n<\/div>\n
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when you<\/div>\n<\/div>\n<\/div>\n
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some type of methodical way to increase<\/div>\n<\/div>\n<\/div>\n
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your size it becomes much easier to just<\/div>\n<\/div>\n<\/div>\n
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think about it as numbers and you know<\/div>\n<\/div>\n<\/div>\n
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not really let the P&L affect you too<\/div>\n<\/div>\n<\/div>\n
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much and that’s really been how I’ve<\/div>\n<\/div>\n<\/div>\n
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been able to size up I think rather<\/div>\n<\/div>\n<\/div>\n
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quickly with the volatility as well and<\/div>\n<\/div>\n<\/div>\n
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you know capitalizing on both of those<\/div>\n<\/div>\n<\/div>\n
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opportunities to get bigger and make<\/div>\n<\/div>\n<\/div>\n
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more money and and you’re sort of in<\/div>\n<\/div>\n<\/div>\n
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quarantine with with Tom who I know you<\/div>\n<\/div>\n<\/div>\n
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mentioned a lot as your as one of your<\/div>\n<\/div>\n<\/div>\n
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trading mentors yeah definitely so you<\/div>\n<\/div>\n<\/div>\n
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know so we got to give him we got to<\/div>\n<\/div>\n<\/div>\n
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give him a shot and it’s with Joe Fahmy<\/div>\n<\/div>\n<\/div>\n
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those guys are crushing it yeah it’s fun<\/div>\n<\/div>\n<\/div>\n
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to watch so who are you and so who you<\/div>\n<\/div>\n<\/div>\n
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in house quarantine with he’s here his<\/div>\n<\/div>\n<\/div>\n
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wife’s here their four kids my<\/div>\n<\/div>\n<\/div>\n
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girlfriend one of them and then the<\/div>\n<\/div>\n<\/div>\n
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other girlfriends of some of the boys<\/div>\n<\/div>\n<\/div>\n
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have been stopping by as well so it’s<\/div>\n<\/div>\n<\/div>\n
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been a full house a lot of nights and it<\/div>\n<\/div>\n<\/div>\n
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will have seven eight nine people here<\/div>\n<\/div>\n<\/div>\n
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but he won’t let you into his trading<\/div>\n<\/div>\n<\/div>\n
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death no it’s it’s I’d say it’s a<\/div>\n<\/div>\n<\/div>\n
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two-way street<\/div>\n<\/div>\n<\/div>\n
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he doesn’t want me in there and<\/div>\n<\/div>\n<\/div>\n
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sometimes it’s not as good for me to be<\/div>\n<\/div>\n<\/div>\n
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in there either you know we both have<\/div>\n<\/div>\n<\/div>\n
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while we trade the same kind of<\/div>\n<\/div>\n<\/div>\n
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methodology and you know most of the<\/div>\n<\/div>\n<\/div>\n
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things I’m doing or set in stone exactly<\/div>\n<\/div>\n<\/div>\n
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the same way he’d approach them you know<\/div>\n<\/div>\n<\/div>\n
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at the end of the day you still got to<\/div>\n<\/div>\n<\/div>\n
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be the one to click the button and and<\/div>\n<\/div>\n<\/div>\n
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deal with your own psychology which is<\/div>\n<\/div>\n<\/div>\n
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that you know hidden variable that is so<\/div>\n<\/div>\n<\/div>\n
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important and that I think that he<\/div>\n<\/div>\n<\/div>\n
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taught me really well to harp on<\/div>\n<\/div>\n<\/div>\n
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immediately you know I need to recognize<\/div>\n<\/div>\n<\/div>\n
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that that’s the bigger thing you know<\/div>\n<\/div>\n<\/div>\n
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all these chart patterns and everything<\/div>\n<\/div>\n<\/div>\n
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the system can be developed pretty<\/div>\n<\/div>\n<\/div>\n
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easily that actually kind of leads me<\/div>\n<\/div>\n<\/div>\n
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really well into my next point and this<\/div>\n<\/div>\n<\/div>\n
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is something you actually talked about a<\/div>\n<\/div>\n<\/div>\n
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lot when I when I first started in if<\/div>\n<\/div>\n<\/div>\n
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you want to learn three real world<\/div>\n<\/div>\n<\/div>\n
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setups that our traders use including<\/div>\n<\/div>\n<\/div>\n
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the simple setup that we teach all of<\/div>\n<\/div>\n<\/div>\n
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our new traders and the setup that<\/div>\n<\/div>\n<\/div>\n
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turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven-figure big money earner check out<\/div>\n<\/div>\n<\/div>\n
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the free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n
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that should be appearing right now at<\/div>\n<\/div>\n<\/div>\n
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the top right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re gonna learn more in a<\/div>\n<\/div>\n<\/div>\n
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couple of hours from this trade<\/div>\n<\/div>\n<\/div>\n
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workshop than from years of online<\/div>\n<\/div>\n<\/div>\n
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education I believe you said look back<\/div>\n<\/div>\n<\/div>\n
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into your past and try and find areas of<\/div>\n<\/div>\n<\/div>\n
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personal success or no academic success<\/div>\n<\/div>\n<\/div>\n
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professional success athletic success<\/div>\n<\/div>\n<\/div>\n
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and look to kind of replicate that in<\/div>\n<\/div>\n<\/div>\n
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trading and capitalize on your own<\/div>\n<\/div>\n<\/div>\n
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mentality so I thought about that for a<\/div>\n<\/div>\n<\/div>\n
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lot and know what really made sense to<\/div>\n<\/div>\n<\/div>\n
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me was sobs an offensive player and<\/div>\n<\/div>\n<\/div>\n
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lacrosse you know all through high<\/div>\n<\/div>\n<\/div>\n
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school basically from the time I was in<\/div>\n<\/div>\n<\/div>\n
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sixth grade until I played a little bit<\/div>\n<\/div>\n<\/div>\n
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in college the whole time I was an<\/div>\n<\/div>\n<\/div>\n
\n
\n
offensive player and you know in high<\/div>\n<\/div>\n<\/div>\n
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\n
school all I remember is just taking<\/div>\n<\/div>\n<\/div>\n
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shot after shot after shot after shot<\/div>\n<\/div>\n<\/div>\n
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\n
and you’re probably familiar with<\/div>\n<\/div>\n<\/div>\n
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\n
basketball too like having a short<\/div>\n<\/div>\n<\/div>\n
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memory you know if you miss a couple<\/div>\n<\/div>\n<\/div>\n
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shots you still have to have the courage<\/div>\n<\/div>\n<\/div>\n
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and the confidence to take the next set<\/div>\n<\/div>\n<\/div>\n
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up take the next shot<\/div>\n<\/div>\n<\/div>\n
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\n
so that really I kind of like have<\/div>\n<\/div>\n<\/div>\n
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\n
adapted that as my own mo I’d guessing<\/div>\n<\/div>\n<\/div>\n
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you know capitalizing on I might have an<\/div>\n<\/div>\n<\/div>\n
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\n
idea and until I’m really wrong on the<\/div>\n<\/div>\n<\/div>\n
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idea or until I lose my set amount of<\/div>\n<\/div>\n<\/div>\n
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risk on that trade you know I have to<\/div>\n<\/div>\n<\/div>\n
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keep attacking it and putting in the the<\/div>\n<\/div>\n<\/div>\n
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effort that it deserves and reminding<\/div>\n<\/div>\n<\/div>\n
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myself that I might make mistakes along<\/div>\n<\/div>\n<\/div>\n
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the way but if the next setup comes up I<\/div>\n<\/div>\n<\/div>\n
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still have to be able to capitalize that<\/div>\n<\/div>\n<\/div>\n
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yeah I mean I think that’s super<\/div>\n<\/div>\n<\/div>\n
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important I stole that from dr.<\/div>\n<\/div>\n<\/div>\n
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Steinberg our fairness to me I always<\/div>\n<\/div>\n<\/div>\n
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give an accreditation for stealing his<\/div>\n<\/div>\n<\/div>\n
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idea I thought about this myself in the<\/div>\n<\/div>\n<\/div>\n
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past and I thought about why I’ve been<\/div>\n<\/div>\n<\/div>\n
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\n
successful quiet why I was successful as<\/div>\n<\/div>\n<\/div>\n
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\n
an athlete as well and I had never<\/div>\n<\/div>\n<\/div>\n
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\n
really thought about it before until he<\/div>\n<\/div>\n<\/div>\n
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\n
challenged me to think about it<\/div>\n<\/div>\n<\/div>\n
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\n
we were in a room one day and he<\/div>\n<\/div>\n<\/div>\n
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\n
challenged everybody to think about it<\/div>\n<\/div>\n<\/div>\n
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\n
and I was taking notes as I always do<\/div>\n<\/div>\n<\/div>\n
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\n
when he talks and left the room and went<\/div>\n<\/div>\n<\/div>\n
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\n
back and thought about you know I’d<\/div>\n<\/div>\n<\/div>\n
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\n
always you always know knew growing up<\/div>\n<\/div>\n<\/div>\n
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\n
that you were successful athlete but I<\/div>\n<\/div>\n<\/div>\n
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\n
had never really taken the time to<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand why it was a good athlete and<\/div>\n<\/div>\n<\/div>\n
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\n
and what specifically I was so good at<\/div>\n<\/div>\n<\/div>\n
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\n
and I thought about it and and I’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
written a little bit about this and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is a good example right there and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
thought about in other parts of my life<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know why did I do well in school and<\/div>\n<\/div>\n<\/div>\n
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\n
why did I do well in business<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that has to go into you building<\/div>\n<\/div>\n<\/div>\n
\n
\n
your trading business because we do have<\/div>\n<\/div>\n<\/div>\n
\n
\n
we do have these strengths and sometimes<\/div>\n<\/div>\n<\/div>\n
\n
\n
just don’t take the time to really<\/div>\n<\/div>\n<\/div>\n
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\n
understand what our strengths are and<\/div>\n<\/div>\n<\/div>\n
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\n
how powerful how powerful they can be to<\/div>\n<\/div>\n<\/div>\n
\n
\n
our trading career we do really well<\/div>\n<\/div>\n<\/div>\n
\n
\n
when we’re playing the game on our terms<\/div>\n<\/div>\n<\/div>\n
\n
\n
weeds that orally when we’re not playing<\/div>\n<\/div>\n<\/div>\n
\n
\n
the game on our own terms and you know<\/div>\n<\/div>\n<\/div>\n
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\n
there’s just gonna be certain things<\/div>\n<\/div>\n<\/div>\n
\n
\n
that were not particularly good at but I<\/div>\n<\/div>\n<\/div>\n
\n
\n
was teasing Tom this weekend that when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you talk about your trading mentor you<\/div>\n<\/div>\n<\/div>\n
\n
\n
always talk about Tom mm-hmm<\/div>\n<\/div>\n<\/div>\n
\n
\n
who I know has been very influential in<\/div>\n<\/div>\n<\/div>\n
\n
\n
it and and and rightfully so and I was<\/div>\n<\/div>\n<\/div>\n
\n
\n
teasing him that you know your mentor at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the team at the firm is shark huh but<\/div>\n<\/div>\n<\/div>\n
\n
\n
yet I don’t think I’ve ever actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
heard you say that shark is my mentor<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you vote you always say Tom is your<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentor and so I always teach I was<\/div>\n<\/div>\n<\/div>\n
\n
\n
teasing Tom that yeah you have so much<\/div>\n<\/div>\n<\/div>\n
\n
\n
respect for Tom that he forgets this as<\/div>\n<\/div>\n<\/div>\n
\n
\n
good as it gets so well make a quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
note on that too I guess that that<\/div>\n<\/div>\n<\/div>\n
\n
\n
really ends up coming down to one just<\/div>\n<\/div>\n<\/div>\n
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\n
you know he has such a vested interest<\/div>\n<\/div>\n<\/div>\n
\n
\n
in me for obvious reasons and to a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the individual mechanical setups that<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m trading that if you know led to my<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistency are right out of his<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook and not necessarily sharks<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook I think could take a lot more<\/div>\n<\/div>\n<\/div>\n
\n
\n
from shark in terms of specific ways to<\/div>\n<\/div>\n<\/div>\n
\n
\n
manage risk you know anyone who’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
studied his trading knows he’s just<\/div>\n<\/div>\n<\/div>\n
\n
\n
incredibly good at you know bandwidth<\/div>\n<\/div>\n<\/div>\n
\n
\n
moving his risk around knowing what to<\/div>\n<\/div>\n<\/div>\n
\n
\n
attack and and how to really just throw<\/div>\n<\/div>\n<\/div>\n
\n
\n
massive size a really really good ideas<\/div>\n<\/div>\n<\/div>\n
\n
\n
and also how to manage drawdown so those<\/div>\n<\/div>\n<\/div>\n
\n
\n
I kind of get a lot of you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
profession<\/div>\n<\/div>\n<\/div>\n
\n
\n
type mentalities that you know for all<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tom meters excellent trader but he’s an<\/div>\n<\/div>\n<\/div>\n
\n
\n
emotional being and he’ll be the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
one to tell you that but a lot of like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mechanical ways to really excel I’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
taken from shark for sure let’s okay so<\/div>\n<\/div>\n<\/div>\n
\n
\n
now I guess we’ll dive into the specific<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup so this is my top trade actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
so far in my career you know in straight<\/div>\n<\/div>\n<\/div>\n
\n
\n
terms of P&L I think that there’s a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of arguments that could be made for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know me trading this a lot better but<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ll get into that so in terms of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
big picture you know how the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
currently is sitting you know we put<\/div>\n<\/div>\n<\/div>\n
\n
\n
that spy in that low in spy in at 2:18<\/div>\n<\/div>\n<\/div>\n
\n
\n
we were in full-blown liquidation mode<\/div>\n<\/div>\n<\/div>\n
\n
\n
global economic shutdown you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone’s experiencing experiencing<\/div>\n<\/div>\n<\/div>\n
\n
\n
this at home you guys know what we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
dealing with and since then we’ve had a<\/div>\n<\/div>\n<\/div>\n
\n
\n
v-shaped recovery forming off of those<\/div>\n<\/div>\n<\/div>\n
\n
\n
lows we’re back in a range between two<\/div>\n<\/div>\n<\/div>\n
\n
\n
seventy to eighty volatilities<\/div>\n<\/div>\n<\/div>\n
\n
\n
collapsing from you know unseen levels T<\/div>\n<\/div>\n<\/div>\n
\n
\n
VIX was nearly at a thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
once again we shift into a stock pickers<\/div>\n<\/div>\n<\/div>\n
\n
\n
market as you know institutional<\/div>\n<\/div>\n<\/div>\n
\n
\n
participants are trying to figure out<\/div>\n<\/div>\n<\/div>\n
\n
\n
what to do the interesting thing that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see like sentiment wise if you you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know well-versed in financial twitter or<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing anything like that there’s a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of people doubting the up move<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know fantasizing or planning for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming downturn well you know with that<\/div>\n<\/div>\n<\/div>\n
\n
\n
March low there’s no way many countries<\/div>\n<\/div>\n<\/div>\n
\n
\n
have peaked in cases but the fact is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you know there is footprints of<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutional money being put into many<\/div>\n<\/div>\n<\/div>\n
\n
\n
growth and momentum names which again<\/div>\n<\/div>\n<\/div>\n
\n
\n
just leads me to my previous point that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s currently a stock pickers market<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we need to follow up volume relative<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume daily chart patterns etc yeah and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know harping on that point what was<\/div>\n<\/div>\n<\/div>\n
\n
\n
working in March is not necessarily<\/div>\n<\/div>\n<\/div>\n
\n
\n
what’s working currently in April for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
high beta momentum names need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaking daily and hourly chart patterns<\/div>\n<\/div>\n<\/div>\n
\n
\n
to really give the best potential to<\/div>\n<\/div>\n<\/div>\n
\n
\n
capitalize in a market like that and<\/div>\n<\/div>\n<\/div>\n
\n
\n
those are kind of the setups that I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
leaning towards and what kind of led me<\/div>\n<\/div>\n<\/div>\n
\n
\n
into this potential setup in Tesla it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
a quick snapshot at spy daily you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
fresh no you maze or anything on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you purely price point alone<\/div>\n<\/div>\n<\/div>\n
\n
\n
basically almost or traced I think the<\/div>\n<\/div>\n<\/div>\n
\n
\n
high from today actually was nearly<\/div>\n<\/div>\n<\/div>\n
\n
\n
61.8% retracement its entire down move<\/div>\n<\/div>\n<\/div>\n
\n
\n
so obviously we bounced quite a bit from<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know and one of the steepest down<\/div>\n<\/div>\n<\/div>\n
\n
\n
moons in history<\/div>\n<\/div>\n<\/div>\n
\n
\n
so fundamentals for Tesla obviously<\/div>\n<\/div>\n<\/div>\n
\n
\n
well-known company high beta Tesla’s an<\/div>\n<\/div>\n<\/div>\n
\n
\n
automotive company electric powered<\/div>\n<\/div>\n<\/div>\n
\n
\n
vehicles I think it’s safe to say it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
widely considered to be the leader<\/div>\n<\/div>\n<\/div>\n
\n
\n
globally in this space in late 2019 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
early 2020 Tesla experienced a parabolic<\/div>\n<\/div>\n<\/div>\n
\n
\n
move I went nearly to a thousand a share<\/div>\n<\/div>\n<\/div>\n
\n
\n
from 350 in just two months during this<\/div>\n<\/div>\n<\/div>\n
\n
\n
time there was a massive amount of short<\/div>\n<\/div>\n<\/div>\n
\n
\n
interest leading into the move that<\/div>\n<\/div>\n<\/div>\n
\n
\n
accrued over years in the stock that<\/div>\n<\/div>\n<\/div>\n
\n
\n
essentially capitulated into that up<\/div>\n<\/div>\n<\/div>\n
\n
\n
move and then it collapsed as well with<\/div>\n<\/div>\n<\/div>\n
\n
\n
the overall market all the way back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
350 a share basically as quickly as it<\/div>\n<\/div>\n<\/div>\n
\n
\n
had originally resin however since the<\/div>\n<\/div>\n<\/div>\n
\n
\n
markets v-bottom<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla’s followed and has basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
doubled again off the March low and is<\/div>\n<\/div>\n<\/div>\n
\n
\n
now above 700 bucks a share<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know the reason I highlight that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the purpose of really recognizing you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know the larger picture deal with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock is that you have to have the<\/div>\n<\/div>\n<\/div>\n
\n
\n
foresight to recognize it just because<\/div>\n<\/div>\n<\/div>\n
\n
\n
it capitulated like that the short<\/div>\n<\/div>\n<\/div>\n
\n
\n
interest begins to build it again<\/div>\n<\/div>\n<\/div>\n
\n
\n
instantly I think that the sentiment on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the company like there’s some permit<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla Bears and things like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to recognize that on an<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday timeframe a stock that so often<\/div>\n<\/div>\n<\/div>\n
\n
\n
traps shorts is capable of doing that<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the time just because of that up<\/div>\n<\/div>\n<\/div>\n
\n
\n
moving I don’t think anything really has<\/div>\n<\/div>\n<\/div>\n
\n
\n
fundamentally changed too much with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
company and that process is still in<\/div>\n<\/div>\n<\/div>\n
\n
\n
play all the time you see the short<\/div>\n<\/div>\n<\/div>\n
\n
\n
flicks still 13.7 6 so no not like<\/div>\n<\/div>\n<\/div>\n
\n
\n
astronomically high like it used to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it’s still prevalent ATR is enormous<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know 52 points and average daily<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume 17 million shares quick snapshot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the daily kind of what I just you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know went through parabolic upmove<\/div>\n<\/div>\n<\/div>\n
\n
\n
collapse put in a lower high and<\/div>\n<\/div>\n<\/div>\n
\n
\n
basically just you know cracked with<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost everything at the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
broad-based market sell-off led us all<\/div>\n<\/div>\n<\/div>\n
\n
\n
the way down here and then since then<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s kind of retraced a good portion of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this move back up to these see what this<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume came in he’s like historic levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then since then it’s just been in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really really tight consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
between 775 and you know basically 675<\/div>\n<\/div>\n<\/div>\n
\n
\n
700 bucks on the hourly you can kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
see this entire consolidations being<\/div>\n<\/div>\n<\/div>\n
\n
\n
fueled by this power gap right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
here a really strong up trending day<\/div>\n<\/div>\n<\/div>\n
\n
\n
gaps up and has held this entire range<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it kind of you know leading forward<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the power point underneath 700 like<\/div>\n<\/div>\n<\/div>\n
\n
\n
this kind of bottom end of the range<\/div>\n<\/div>\n<\/div>\n
\n
\n
becomes important on the day where we<\/div>\n<\/div>\n<\/div>\n
\n
\n
make this trade so here’s how I kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
go through generating the idea to trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
Tesla in this specific way for me it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of my favorite momentum scalping<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks you know just for I guess a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little aside my average winning trade is<\/div>\n<\/div>\n<\/div>\n
\n
\n
about 30 minutes long so I’m not really<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding anything for all day but this<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular trade ended up being a swing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was based off of scalping entries<\/div>\n<\/div>\n<\/div>\n
\n
\n
it has a tendency to drive with price<\/div>\n<\/div>\n<\/div>\n
\n
\n
with directionality and really break<\/div>\n<\/div>\n<\/div>\n
\n
\n
away from breakout points with momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of like a scalpers dream<\/div>\n<\/div>\n<\/div>\n
\n
\n
so following a week close on April 23rd<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then a slight gap up I wanted to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
how it dealt with green to red and<\/div>\n<\/div>\n<\/div>\n
\n
\n
eventually if it helped to debut at and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’ll be much clearer when I show the<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts the idea was a short for a short<\/div>\n<\/div>\n<\/div>\n
\n
\n
set up to show itself early in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
morning you know some early selling get<\/div>\n<\/div>\n<\/div>\n
\n
\n
some sorts eager to you know follow<\/div>\n<\/div>\n<\/div>\n
\n
\n
through if they held overnight and had<\/div>\n<\/div>\n<\/div>\n
\n
\n
that gap go against them to be happy did<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know now we’re back at breakeven<\/div>\n<\/div>\n<\/div>\n
\n
\n
from the previous day and we’ll see if<\/div>\n<\/div>\n<\/div>\n
\n
\n
this has any type of continuation maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
it breaks the range on 8,700 who knows<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s all playing into the minds of all<\/div>\n<\/div>\n<\/div>\n
\n
\n
the participants in this stock and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
once that pattern began to show I was<\/div>\n<\/div>\n<\/div>\n
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\n
looking to see if Tesla can do basically<\/div>\n<\/div>\n<\/div>\n
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\n
what it always does and get back up into<\/div>\n<\/div>\n<\/div>\n
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the highs of the day and break back into<\/div>\n<\/div>\n<\/div>\n
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the<\/div>\n<\/div>\n<\/div>\n
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\n
I’m the morning range from the previous<\/div>\n<\/div>\n<\/div>\n
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\n
session and that’ll make more sense to<\/div>\n<\/div>\n<\/div>\n
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\n
in a second and like I said 30 minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
of so on average winning trades I knew<\/div>\n<\/div>\n<\/div>\n
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\n
that this trade was gonna take a little<\/div>\n<\/div>\n<\/div>\n
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\n
longer if it held the prices I liked<\/div>\n<\/div>\n<\/div>\n
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\n
because to the upside it basically had<\/div>\n<\/div>\n<\/div>\n
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\n
like a half a TR of range that it needed<\/div>\n<\/div>\n<\/div>\n
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\n
to digest so it would likely take a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of patience for that move to<\/div>\n<\/div>\n<\/div>\n
\n
\n
play out so quickly going over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
mechanics of the setup I kind of did<\/div>\n<\/div>\n<\/div>\n
\n
\n
touch on most of this early selling off<\/div>\n<\/div>\n<\/div>\n
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\n
a slight gap up and early green to red<\/div>\n<\/div>\n<\/div>\n
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\n
move ideally it would flush the $700<\/div>\n<\/div>\n<\/div>\n
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\n
which is kind of like a psychological<\/div>\n<\/div>\n<\/div>\n
\n
\n
level and then rebid very quickly it<\/div>\n<\/div>\n<\/div>\n
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\n
would pop back above into green maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
even above view AB and then wherever it<\/div>\n<\/div>\n<\/div>\n
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\n
drives out from that price I want to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
if a pullback and hold not necessarily<\/div>\n<\/div>\n<\/div>\n
\n
\n
view app but really just holding the<\/div>\n<\/div>\n<\/div>\n
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\n
morning lows so once I determine that<\/div>\n<\/div>\n<\/div>\n
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\n
the pullback would hold and stock would<\/div>\n<\/div>\n<\/div>\n
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\n
stay green then I start to look you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
for a level of risk against and the<\/div>\n<\/div>\n<\/div>\n
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\n
potential for us popping back into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous day’s morning range would<\/div>\n<\/div>\n<\/div>\n
\n
\n
either continue to increase then just<\/div>\n<\/div>\n<\/div>\n
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\n
for systemic purposes I use a 9 a 21 a<\/div>\n<\/div>\n<\/div>\n
\n
\n
55 and a 200 am an or 1 minute that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know they’re all derivatives at<\/div>\n<\/div>\n<\/div>\n
\n
\n
price of don’t look into it too hard but<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s the way I kind of gauge trend and<\/div>\n<\/div>\n<\/div>\n
\n
\n
trail my stop and look to add if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t have a system you know it’s gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
be really hard to be systematic with<\/div>\n<\/div>\n<\/div>\n
\n
\n
sizing and things like that going<\/div>\n<\/div>\n<\/div>\n
\n
\n
forward so I use short-term moving<\/div>\n<\/div>\n<\/div>\n
\n
\n
averages with specific tells for each of<\/div>\n<\/div>\n<\/div>\n
\n
\n
them I mean this has really improved my<\/div>\n<\/div>\n<\/div>\n
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\n
consistency overall my selectivity for<\/div>\n<\/div>\n<\/div>\n
\n
\n
me the most important one I like to pick<\/div>\n<\/div>\n<\/div>\n
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\n
very specific prices because I do a lot<\/div>\n<\/div>\n<\/div>\n
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\n
of reading the tape specifically around<\/div>\n<\/div>\n<\/div>\n
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\n
my entries and I oftentimes I’m looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
for like trend reversals to scalp out of<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that $700 level was really important<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me just because I kind of knew that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the entire range off of that gap was<\/div>\n<\/div>\n<\/div>\n
\n
\n
being propped up by that level and I<\/div>\n<\/div>\n<\/div>\n
\n
\n
would really like to see them kind of<\/div>\n<\/div>\n<\/div>\n
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\n
spook anybody who’s being sloppy with<\/div>\n<\/div>\n<\/div>\n
\n
\n
their stops or has cell under orders etc<\/div>\n<\/div>\n<\/div>\n
\n
\n
and once that rebid I knew that it had<\/div>\n<\/div>\n<\/div>\n
\n
\n
the potential to you know it’s like some<\/div>\n<\/div>\n<\/div>\n
\n
\n
people out and and potentially move back<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher and squeeze some shorts so often<\/div>\n<\/div>\n<\/div>\n
\n
\n
times you know kind of how I frame that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that you know institutional<\/div>\n<\/div>\n<\/div>\n
\n
\n
participants like to use certain levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the tape that have great liquidity so<\/div>\n<\/div>\n<\/div>\n
\n
\n
oftentimes ought to be whole numbers in<\/div>\n<\/div>\n<\/div>\n
\n
\n
these high beta stocks you know they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
not gonna drop a bunch of shares in it<\/div>\n<\/div>\n<\/div>\n
\n
\n
like you know 760 27 cents it just<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t really make much sense and it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
just not the way they go about doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
their business so you can expect them at<\/div>\n<\/div>\n<\/div>\n
\n
\n
major whole numbers to potentially be<\/div>\n<\/div>\n<\/div>\n
\n
\n
moving size for just liquidity purposes<\/div>\n<\/div>\n<\/div>\n
\n
\n
and in these higher beta stocks $100<\/div>\n<\/div>\n<\/div>\n
\n
\n
increments tend to act that way on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape so I was interested in seeing if<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was gonna be anything going on<\/div>\n<\/div>\n<\/div>\n
\n
\n
there early let’s check out some charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
so right away I know this is gonna look<\/div>\n<\/div>\n<\/div>\n
\n
\n
like super cluttered if you’ve never<\/div>\n<\/div>\n<\/div>\n
\n
\n
seen any of this stuff before all these<\/div>\n<\/div>\n<\/div>\n
\n
\n
different colors are just short-term<\/div>\n<\/div>\n<\/div>\n
\n
\n
moving averages don’t let them distract<\/div>\n<\/div>\n<\/div>\n
\n
\n
you from the price action for me I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
just looking for them to kind of gauge<\/div>\n<\/div>\n<\/div>\n
\n
\n
price like if I have let’s say you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
the Reds in nine the Blues of 21 the<\/div>\n<\/div>\n<\/div>\n
\n
\n
yellows the 55 if they’re all kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
stacked in order it’s pretty obvious<\/div>\n<\/div>\n<\/div>\n
\n
\n
that the stock is trending and then you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know it’s a way to do mean reversion on<\/div>\n<\/div>\n<\/div>\n
\n
\n
pull backs so we extend really far here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we pull back in you know so<\/div>\n<\/div>\n<\/div>\n
\n
\n
anyone who trades with moving averages<\/div>\n<\/div>\n<\/div>\n
\n
\n
will have some type of feeling for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s just a way to gauge how prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
moving to look for potential<\/div>\n<\/div>\n<\/div>\n
\n
\n
compressions and entries and for me I<\/div>\n<\/div>\n<\/div>\n
\n
\n
use it to control my risk so the<\/div>\n<\/div>\n<\/div>\n
\n
\n
specific set up like I was talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of the afternoon range that<\/div>\n<\/div>\n<\/div>\n
\n
\n
I was interested in potentially getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
some stop runs through here and bringing<\/div>\n<\/div>\n<\/div>\n
\n
\n
us back up to this you can’t see the<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous part of the day it’s not really<\/div>\n<\/div>\n<\/div>\n
\n
\n
too important this breakdown point<\/div>\n<\/div>\n<\/div>\n
\n
\n
really fueled the sell-off into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
close in this name so I’m kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinking you know if we take out this<\/div>\n<\/div>\n<\/div>\n
\n
\n
afternoon range the potential for us to<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop run up here and fail somewhere up<\/div>\n<\/div>\n<\/div>\n
\n
\n
here is pretty good and if this move<\/div>\n<\/div>\n<\/div>\n
\n
\n
happens later in the day on the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re trading it maybe it has some type<\/div>\n<\/div>\n<\/div>\n
\n
\n
of move which ends up playing out but<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe has some type of move to kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
explodes their own price here early on<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m watching the action you know we got<\/div>\n<\/div>\n<\/div>\n
\n
\n
a sell-off immediately which is exactly<\/div>\n<\/div>\n<\/div>\n
\n
\n
what I wanted kind of flashes up a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit and tests this breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
point you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
I didn’t really start paying too hard of<\/div>\n<\/div>\n<\/div>\n
\n
\n
attention to it or just kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
following that checklist instantly see<\/div>\n<\/div>\n<\/div>\n
\n
\n
it rebid 700 after a quick flush I like<\/div>\n<\/div>\n<\/div>\n
\n
\n
that a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
then it held it pretty cleanly right<\/div>\n<\/div>\n<\/div>\n
\n
\n
here that’s even better<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we get that move where it goes<\/div>\n<\/div>\n<\/div>\n
\n
\n
back to green on the day and then I kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of just let this play out I wasn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really too interested in it I recognized<\/div>\n<\/div>\n<\/div>\n
\n
\n
that like I said in the plan<\/div>\n<\/div>\n<\/div>\n
\n
\n
this entire bit of volume right here was<\/div>\n<\/div>\n<\/div>\n
\n
\n
likely gonna take some time to digest<\/div>\n<\/div>\n<\/div>\n
\n
\n
and I’m not too interested in any type<\/div>\n<\/div>\n<\/div>\n
\n
\n
of directional blow through here or too<\/div>\n<\/div>\n<\/div>\n
\n
\n
early because I don’t think I ever<\/div>\n<\/div>\n<\/div>\n
\n
\n
really had the steam to break above like<\/div>\n<\/div>\n<\/div>\n
\n
\n
720 I think the better trade is to play<\/div>\n<\/div>\n<\/div>\n
\n
\n
for a move kind of from the bottom of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this range to the top of this range and<\/div>\n<\/div>\n<\/div>\n
\n
\n
I recognize that I really needed to just<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of be patient and see how this<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback dealt so at that point comes<\/div>\n<\/div>\n<\/div>\n
\n
\n
down I think I ended up buying a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit right here that I ended up getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
stopped out of here which was basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
a break-even trade but after that<\/div>\n<\/div>\n<\/div>\n
\n
\n
happens now I’m starting to think hard<\/div>\n<\/div>\n<\/div>\n
\n
\n
about the plan and one of my favorite<\/div>\n<\/div>\n<\/div>\n
\n
\n
setups you know everything’s kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
unique to everybody I’m this is kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
like a false breakdown type setup but we<\/div>\n<\/div>\n<\/div>\n
\n
\n
get a breakdown below view app and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
we kind of digest under view app for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
while especially after we put in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
morning high and there’s some type of<\/div>\n<\/div>\n<\/div>\n
\n
\n
supply a little bit higher you get this<\/div>\n<\/div>\n<\/div>\n
\n
\n
compression here you know you can call<\/div>\n<\/div>\n<\/div>\n
\n
\n
it a wedge whatever you want doesn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really matter all that really matters is<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you look at this volume on every up<\/div>\n<\/div>\n<\/div>\n
\n
\n
move from these lows big volume coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
in from the Lotus here big volume coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
in these are all coming on the green<\/div>\n<\/div>\n<\/div>\n
\n
\n
candles not the red it’s a big green up<\/div>\n<\/div>\n<\/div>\n
\n
\n
here big green out of these lows and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then once we start to compress really<\/div>\n<\/div>\n<\/div>\n
\n
\n
tightly right around the BU app I like<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see when all these moving averages<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of stack together you know you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
just think from contraction comes<\/div>\n<\/div>\n<\/div>\n
\n
\n
expansion a lot of people talk about<\/div>\n<\/div>\n<\/div>\n
\n
\n
that on daily charts etc we get an<\/div>\n<\/div>\n<\/div>\n
\n
\n
expansion and price up rate was they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
starting to compress here’s where I get<\/div>\n<\/div>\n<\/div>\n
\n
\n
long I think I actually front ran it a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit as being a little bit cheeky<\/div>\n<\/div>\n<\/div>\n
\n
\n
front Randall a little bit and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
added right as we start to compress then<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get the drive in price directionally<\/div>\n<\/div>\n<\/div>\n
\n
\n
big volume comes in again that’s great<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we come back up to this<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous breakdown point the high from<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
five minutes sell a little bit and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
look to see if we can hold view AB hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
view app I’m right around here as we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of sitting you know see how it<\/div>\n<\/div>\n<\/div>\n
\n
\n
deals in view app and then once it kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of holds up after kind of stop running<\/div>\n<\/div>\n<\/div>\n
\n
\n
these people I decided to add on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit more and then we eventually<\/div>\n<\/div>\n<\/div>\n
\n
\n
get the break so I want to go over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
specific executions and how it kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is gonna have nothing on it clean<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart this is straight from my log the<\/div>\n<\/div>\n<\/div>\n
\n
\n
compress is kind of what I was talking<\/div>\n<\/div>\n<\/div>\n
\n
\n
about like I said I front right ended a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m usually I would enter around here<\/div>\n<\/div>\n<\/div>\n
\n
\n
but in a stock like Tesla I think that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know I can trade it well enough<\/div>\n<\/div>\n<\/div>\n
\n
\n
where I can fight for two more points<\/div>\n<\/div>\n<\/div>\n
\n
\n
Bela we’ll talk about that a lot and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the setup you have to fight for<\/div>\n<\/div>\n<\/div>\n
\n
\n
price if I’m anticipating this trade you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know I can save myself two bucks get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit more sighs I’m certainly<\/div>\n<\/div>\n<\/div>\n
\n
\n
uncomfortable with the amount of size I<\/div>\n<\/div>\n<\/div>\n
\n
\n
put on which is kind of the idea in<\/div>\n<\/div>\n<\/div>\n
\n
\n
these eight plus type setups because you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know you don’t want to get complacent<\/div>\n<\/div>\n<\/div>\n
\n
\n
and miss an A+ trade with you know half<\/div>\n<\/div>\n<\/div>\n
\n
\n
your size because that’s not gonna pay<\/div>\n<\/div>\n<\/div>\n
\n
\n
out well enough reward wise over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
course of you know hundreds of trades in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your career I mean I guess you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
hundreds of thousands trades even so<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s important to recognize that and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
could always trade around a core but you<\/div>\n<\/div>\n<\/div>\n
\n
\n
really want to be active and get as big<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you can so on this first up move if I<\/div>\n<\/div>\n<\/div>\n
\n
\n
trimmed half now my risk is covered you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know I just made six bucks off the low<\/div>\n<\/div>\n<\/div>\n
\n
\n
my original risk was against 705 you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know so I was risking three points I<\/div>\n<\/div>\n<\/div>\n
\n
\n
just locked in six you know now on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
next pullback I could be really<\/div>\n<\/div>\n<\/div>\n
\n
\n
aggressive and start to trail my stop to<\/div>\n<\/div>\n<\/div>\n
\n
\n
this breakdown or a breakout point<\/div>\n<\/div>\n<\/div>\n
\n
\n
around 708 as we’re kind of pulling back<\/div>\n<\/div>\n<\/div>\n
\n
\n
into here you know if you draw a little<\/div>\n<\/div>\n<\/div>\n
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bit of uptrend I wasn’t really thinking<\/div>\n<\/div>\n<\/div>\n
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that as hard as much as I was thinking<\/div>\n<\/div>\n<\/div>\n
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there could be the development of like a<\/div>\n<\/div>\n<\/div>\n
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much larger in a several several<\/div>\n<\/div>\n<\/div>\n
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hour-long wedge and I think that the<\/div>\n<\/div>\n<\/div>\n
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higher time frame you go to on any type<\/div>\n<\/div>\n<\/div>\n
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of technical patterns the more likely it<\/div>\n<\/div>\n<\/div>\n
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is that this can play out and this<\/div>\n<\/div>\n<\/div>\n
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specific pattern is kind of like a<\/div>\n<\/div>\n<\/div>\n
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classic short squeeze tight pattern you<\/div>\n<\/div>\n<\/div>\n
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know we’ve got a pop up here this is<\/div>\n<\/div>\n<\/div>\n
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kind of the first pop of a view app<\/div>\n<\/div>\n<\/div>\n
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anyone who’s shorted here that’s kind of<\/div>\n<\/div>\n<\/div>\n
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under<\/div>\n<\/div>\n<\/div>\n
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we’ll add they get spooked a little bit<\/div>\n<\/div>\n<\/div>\n
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but then it starts to compress and all<\/div>\n<\/div>\n<\/div>\n
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those shorts from early in the morning<\/div>\n<\/div>\n<\/div>\n
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are about to get smoked if this breaks<\/div>\n<\/div>\n<\/div>\n
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to the upside so kind of held through<\/div>\n<\/div>\n<\/div>\n
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that I was like I said I was<\/div>\n<\/div>\n<\/div>\n
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uncomfortable with my size but looking<\/div>\n<\/div>\n<\/div>\n
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back you know in review I’ll talk about<\/div>\n<\/div>\n<\/div>\n
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this at the end this is probably one of<\/div>\n<\/div>\n<\/div>\n
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the most textbook editions if not entry<\/div>\n<\/div>\n<\/div>\n
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on its own that I’ve seen in a while and<\/div>\n<\/div>\n<\/div>\n
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I was kind of thinking that but I was in<\/div>\n<\/div>\n<\/div>\n
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so much size at that point I knew how<\/div>\n<\/div>\n<\/div>\n
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much I would make if it went and that<\/div>\n<\/div>\n<\/div>\n
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number kind of like I said this is the<\/div>\n<\/div>\n<\/div>\n
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biggest trade in my career that number<\/div>\n<\/div>\n<\/div>\n
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if we went to this area in my head was<\/div>\n<\/div>\n<\/div>\n
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kind of like larger than life and if I<\/div>\n<\/div>\n<\/div>\n
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had tumbled down here I don’t know what<\/div>\n<\/div>\n<\/div>\n
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how well I would have held into this so<\/div>\n<\/div>\n<\/div>\n
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you want to get aggressive a size but<\/div>\n<\/div>\n<\/div>\n
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not too much that it completely destroys<\/div>\n<\/div>\n<\/div>\n
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your process you know but interview<\/div>\n<\/div>\n<\/div>\n
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trying to get better really have to add<\/div>\n<\/div>\n<\/div>\n
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right here yeah I think also if you can<\/div>\n<\/div>\n<\/div>\n
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go back to that so you know you have a<\/div>\n<\/div>\n<\/div>\n
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bigger thesis in mind that this is going<\/div>\n<\/div>\n<\/div>\n
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to get good and strong and run and so<\/div>\n<\/div>\n<\/div>\n
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you do a really good job of taking<\/div>\n<\/div>\n<\/div>\n
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profits and locking it in but when you<\/div>\n<\/div>\n<\/div>\n
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do that you want to be open-minded to<\/div>\n<\/div>\n<\/div>\n
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finding the re-entry areas that are<\/div>\n<\/div>\n<\/div>\n
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worth it for you<\/div>\n<\/div>\n<\/div>\n
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those reentry errors I think of as a<\/div>\n<\/div>\n<\/div>\n
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completely separate rate so you’re in<\/div>\n<\/div>\n<\/div>\n
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very looking for a holding go you’re<\/div>\n<\/div>\n<\/div>\n
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taking profits you know and then hey how<\/div>\n<\/div>\n<\/div>\n
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am I going to make another new trait<\/div>\n<\/div>\n<\/div>\n
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that has a different stop and has a<\/div>\n<\/div>\n<\/div>\n
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different target maybe it’s the pull<\/div>\n<\/div>\n<\/div>\n
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interview up around that 710 7\/11 area<\/div>\n<\/div>\n<\/div>\n
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maybe it isn’t<\/div>\n<\/div>\n<\/div>\n
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maybe that’s it doesn’t go sideways<\/div>\n<\/div>\n<\/div>\n
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enough maybe time of day is not good for<\/div>\n<\/div>\n<\/div>\n
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you maybe you don’t like the way it<\/div>\n<\/div>\n<\/div>\n
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pulled in maybe it is that you know we<\/div>\n<\/div>\n<\/div>\n
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have to get a little bit later in the<\/div>\n<\/div>\n<\/div>\n
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day we have to get you know into that<\/div>\n<\/div>\n<\/div>\n
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230 ish area when big money players can<\/div>\n<\/div>\n<\/div>\n
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step into the marketplace into the<\/div>\n<\/div>\n<\/div>\n
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clothes and you know we can get a pretty<\/div>\n<\/div>\n<\/div>\n
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nificant resistance level intraday that<\/div>\n<\/div>\n<\/div>\n
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we clear and maybe maybe it’s a momentum<\/div>\n<\/div>\n<\/div>\n
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trade mm-hmm a new momentum trade and so<\/div>\n<\/div>\n<\/div>\n
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I like you taking off and I really like<\/div>\n<\/div>\n<\/div>\n
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I really like the idea of thinking<\/div>\n<\/div>\n<\/div>\n
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what’s the next trade but you don’t have<\/div>\n<\/div>\n<\/div>\n
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to you let it come to you<\/div>\n<\/div>\n<\/div>\n
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yeah you let it come to you you you know<\/div>\n<\/div>\n<\/div>\n
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a good momentum trade it can be a good<\/div>\n<\/div>\n<\/div>\n
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trade a good pull on trade and to view<\/div>\n<\/div>\n<\/div>\n
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up can be a good trade just let it come<\/div>\n<\/div>\n<\/div>\n
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to you yeah I definitely could have<\/div>\n<\/div>\n<\/div>\n
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liked considering it and it also ended<\/div>\n<\/div>\n<\/div>\n
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up being right so much unrealized P&L I<\/div>\n<\/div>\n<\/div>\n
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was like even at this point you know at<\/div>\n<\/div>\n<\/div>\n
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this point I was yeah I was already up<\/div>\n<\/div>\n<\/div>\n
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like you know significant basically I<\/div>\n<\/div>\n<\/div>\n
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was up my stop at this point right here<\/div>\n<\/div>\n<\/div>\n
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which is a huge day already and then I<\/div>\n<\/div>\n<\/div>\n
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knew if it went that that was probably<\/div>\n<\/div>\n<\/div>\n
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gonna you know completely change the<\/div>\n<\/div>\n<\/div>\n
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course of the week and you know whatever<\/div>\n<\/div>\n<\/div>\n
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all that stuff is real and plays into<\/div>\n<\/div>\n<\/div>\n
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your mind even on a one or two minute<\/div>\n<\/div>\n<\/div>\n
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chart like you have to recognize the<\/div>\n<\/div>\n<\/div>\n
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things that are going through your head<\/div>\n<\/div>\n<\/div>\n
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so for me you know maybe I could have<\/div>\n<\/div>\n<\/div>\n
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trimmed something off on this first move<\/div>\n<\/div>\n<\/div>\n
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up and then once I see the compression<\/div>\n<\/div>\n<\/div>\n
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really start to look to attack it right<\/div>\n<\/div>\n<\/div>\n
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there but then I like this I like the<\/div>\n<\/div>\n<\/div>\n
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SEL so you know sold into strengths sold<\/div>\n<\/div>\n<\/div>\n
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when it started building this candle<\/div>\n<\/div>\n<\/div>\n
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back up and then on the second up move<\/div>\n<\/div>\n<\/div>\n
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basically dumped it into here left a<\/div>\n<\/div>\n<\/div>\n
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little trailer on and on this big<\/div>\n<\/div>\n<\/div>\n
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reversal candle just kicked it<\/div>\n<\/div>\n<\/div>\n
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so besides you know for me being I guess<\/div>\n<\/div>\n<\/div>\n
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a little bit too much of a perfectionist<\/div>\n<\/div>\n<\/div>\n
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and really but I think I think it’s good<\/div>\n<\/div>\n<\/div>\n
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for you to say hey I’m up a lot and for<\/div>\n<\/div>\n<\/div>\n
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you to have some caution as to your next<\/div>\n<\/div>\n<\/div>\n
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entry I think that makes sense<\/div>\n<\/div>\n<\/div>\n
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I do think you want to fight that a<\/div>\n<\/div>\n<\/div>\n
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little bit though and I’m not suggesting<\/div>\n<\/div>\n<\/div>\n
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that you should throw caution to the<\/div>\n<\/div>\n<\/div>\n
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wind I’m actually saying okay I’m I’m<\/div>\n<\/div>\n<\/div>\n
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feeling good I’m in the money I’ve got a<\/div>\n<\/div>\n<\/div>\n
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good swing trade on I’m gonna I’m gonna<\/div>\n<\/div>\n<\/div>\n
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stay in that that’s probably how I’m<\/div>\n<\/div>\n<\/div>\n
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gonna make most of my money<\/div>\n<\/div>\n<\/div>\n
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I booked some profits but but but but<\/div>\n<\/div>\n<\/div>\n
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but if<\/div>\n<\/div>\n<\/div>\n
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I can find an another really good trade<\/div>\n<\/div>\n<\/div>\n
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to enter it really I I gotta take it no<\/div>\n<\/div>\n<\/div>\n
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matter how much I’m up I’ve got to take<\/div>\n<\/div>\n<\/div>\n
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it I’ve actually found a really good<\/div>\n<\/div>\n<\/div>\n
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trade my piece is it can go higher so<\/div>\n<\/div>\n<\/div>\n
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I’ve if I can find that really good set<\/div>\n<\/div>\n<\/div>\n
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up I’ve got I’ve got to take it no<\/div>\n<\/div>\n<\/div>\n
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matter how much I’m up because if I<\/div>\n<\/div>\n<\/div>\n
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don’t that’s really gonna hold me back<\/div>\n<\/div>\n<\/div>\n
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from being the type of trader that I<\/div>\n<\/div>\n<\/div>\n
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deserve to be yeah definitely yeah for<\/div>\n<\/div>\n<\/div>\n
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me I was really thinking like I know<\/div>\n<\/div>\n<\/div>\n
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that this is gonna be my I already knew<\/div>\n<\/div>\n<\/div>\n
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you know and I think it’s fair to say at<\/div>\n<\/div>\n<\/div>\n
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this point like I sent a message to team<\/div>\n<\/div>\n<\/div>\n
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shark like I was like guys I think you<\/div>\n<\/div>\n<\/div>\n
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know Tesla is about to explode from an<\/div>\n<\/div>\n<\/div>\n
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entire like day long wedge and trap<\/div>\n<\/div>\n<\/div>\n
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shorts so if I had the confidence you<\/div>\n<\/div>\n<\/div>\n
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know to tell my team of like you said my<\/div>\n<\/div>\n<\/div>\n
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my mentor makes a lot of money a year I<\/div>\n<\/div>\n<\/div>\n
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had the confidence to tell them about<\/div>\n<\/div>\n<\/div>\n
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this setup in real time expecting that<\/div>\n<\/div>\n<\/div>\n
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they would maybe take the breakout and a<\/div>\n<\/div>\n<\/div>\n
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lot of how am I not doing it myself and<\/div>\n<\/div>\n<\/div>\n
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that’s kind of what I really think hard<\/div>\n<\/div>\n<\/div>\n
\n
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about that could have brought me to this<\/div>\n<\/div>\n<\/div>\n
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being you know probably half of my month<\/div>\n<\/div>\n<\/div>\n
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instead of being a fifth of my month<\/div>\n<\/div>\n<\/div>\n
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that’s my biggest critique with myself<\/div>\n<\/div>\n<\/div>\n
\n
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and and then the second critique which I<\/div>\n<\/div>\n<\/div>\n
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think is almost as equally strong is you<\/div>\n<\/div>\n<\/div>\n
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know the second day play that ended up<\/div>\n<\/div>\n<\/div>\n
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coming from this you know everyone saw<\/div>\n<\/div>\n<\/div>\n
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Tesla just absolutely ripped the next<\/div>\n<\/div>\n<\/div>\n
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day after this got a gap up to 7:35 and<\/div>\n<\/div>\n<\/div>\n
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went basically in a straight line 200<\/div>\n<\/div>\n<\/div>\n
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bucks you know as I get more<\/div>\n<\/div>\n<\/div>\n
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sophisticated with these ideas if you<\/div>\n<\/div>\n<\/div>\n
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think about this trade and the amount of<\/div>\n<\/div>\n<\/div>\n
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P&L I had made on it now what’s really<\/div>\n<\/div>\n<\/div>\n
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stopping me from taking you know a tenth<\/div>\n<\/div>\n<\/div>\n
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that the position overnight a 20% of the<\/div>\n<\/div>\n<\/div>\n
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position overnight recognizing that we<\/div>\n<\/div>\n<\/div>\n
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just smoked the entire previous day’s<\/div>\n<\/div>\n<\/div>\n
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range which came from the bottom end of<\/div>\n<\/div>\n<\/div>\n
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the hourly range now we’re pressing to<\/div>\n<\/div>\n<\/div>\n
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that top end the arrangement we could be<\/div>\n<\/div>\n<\/div>\n
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breaking down breaking out on the daily<\/div>\n<\/div>\n<\/div>\n
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chart you know I could have been in a<\/div>\n<\/div>\n<\/div>\n
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much better position to not have to<\/div>\n<\/div>\n<\/div>\n
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chase the next day and you know that’s<\/div>\n<\/div>\n<\/div>\n
\n
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really how shark and some of the bigger<\/div>\n<\/div>\n<\/div>\n
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traders make a lot of money on these<\/div>\n<\/div>\n<\/div>\n
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intraday swings based off of<\/div>\n<\/div>\n<\/div>\n
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or I guess multi-day swings based off of<\/div>\n<\/div>\n<\/div>\n
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\n
very selective intraday trading that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of how you bring things to the next<\/div>\n<\/div>\n<\/div>\n
\n
\n
level you know how do I turn this you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know nice 10-point breakout trade into a<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger picture hundred point move that<\/div>\n<\/div>\n<\/div>\n
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\n
you know completely changes my month and<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of where I’m I’m<\/div>\n<\/div>\n<\/div>\n
\n
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starting to think hard about hey go<\/div>\n<\/div>\n<\/div>\n
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ahead and click our subscribe button so<\/div>\n<\/div>\n<\/div>\n
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you don’t miss any of the videos they<\/div>\n<\/div>\n<\/div>\n
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were producing for you in the trading<\/div>\n<\/div>\n<\/div>\n
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add your feedback in the comment section<\/div>\n<\/div>\n<\/div>\n
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produce next and what you found helpful<\/div>\n<\/div>\n<\/div>\n
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from this video from all of us at SMB<\/div>\n<\/div>\n<\/div>\n
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\"\"<\/a><\/p>\n

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

In this video learn the 4 keys to a junior prop firm trader profiting better than he ever has before. This junior trader shares one of his best trades ever but more importantly what has propelled him to trade as well as he ever has. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":49829,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49828","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nThe 4 Keys To A Junior Prop Firm Trader Profiting Better Than He Ever Has Before | 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\/the-4-keys-to-a-junior-prop-firm-trader-profiting-better-than-he-ever-has-before\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 4 Keys To A Junior Prop Firm Trader Profiting Better Than He Ever Has Before | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video learn the 4 keys to a junior prop firm trader profiting better than he ever has before. This junior trader shares one of his best trades ever but more importantly what has propelled him to trade as well as he ever has. * no relevant positions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-4-keys-to-a-junior-prop-firm-trader-profiting-better-than-he-ever-has-before\" \/>\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=\"2020-04-30T15:29:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T15:30:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/04\/prop-trader-ryan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" 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