{"id":49991,"date":"2020-07-13T12:10:00","date_gmt":"2020-07-13T16:10:00","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49991"},"modified":"2020-07-13T12:10:00","modified_gmt":"2020-07-13T16:10:00","slug":"trading-101-know-the-trade-you-are-actually-taking","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trading-101-know-the-trade-you-are-actually-taking","title":{"rendered":"Trading 101: Know the trade you are actually taking"},"content":{"rendered":"

Trading 101: Know the trade you are actually taking. In this video a promising new trader on the desk describes in step by step detail an excellent trade he made. There was just one problem. It was not the trade he thought he took. Let\u2019s get to work on correcting this rookie trading mistake so some of you don\u2019t lose money making this same error.<\/p>\nView Video Transcript<\/strong><\/span>

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trading 101 no the trade you are<\/div>\n<\/div>\n<\/div>\n
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actually taking hi I’m Mike bellifiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of SME capital and we’re a<\/div>\n<\/div>\n<\/div>\n
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proprietary trading firm located in<\/div>\n<\/div>\n<\/div>\n
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midtown Manhattan and I’m also the<\/div>\n<\/div>\n<\/div>\n
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author of the trading classic one good<\/div>\n<\/div>\n<\/div>\n
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trade and the playbook click our<\/div>\n<\/div>\n<\/div>\n
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subscribe button so you don’t miss any<\/div>\n<\/div>\n<\/div>\n
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of the videos they’re producing for you<\/div>\n<\/div>\n<\/div>\n
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in the trading community in this video a<\/div>\n<\/div>\n<\/div>\n
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promising new trader on the desk<\/div>\n<\/div>\n<\/div>\n
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describes and step-by-step detail an<\/div>\n<\/div>\n<\/div>\n
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excellent trade he made there was just<\/div>\n<\/div>\n<\/div>\n
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one problem it was not the trade he<\/div>\n<\/div>\n<\/div>\n
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thought he took let’s get to work on<\/div>\n<\/div>\n<\/div>\n
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correcting this rookie trading mistake<\/div>\n<\/div>\n<\/div>\n
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so some of you don’t lose money making<\/div>\n<\/div>\n<\/div>\n
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the same error okay so this is a big dog<\/div>\n<\/div>\n<\/div>\n
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consolidation play in a hot sector in<\/div>\n<\/div>\n<\/div>\n
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evey on work horse group from late last<\/div>\n<\/div>\n<\/div>\n
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month on 624 2020 the big dog<\/div>\n<\/div>\n<\/div>\n
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consolidation is plain and simple would<\/div>\n<\/div>\n<\/div>\n
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I look for every single day it’s my<\/div>\n<\/div>\n<\/div>\n
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a-plus setup and there are specific<\/div>\n<\/div>\n<\/div>\n
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variables that we’ll get into that I<\/div>\n<\/div>\n<\/div>\n
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look for as well as how I can do a<\/div>\n<\/div>\n<\/div>\n
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little bit better on this this is a<\/div>\n<\/div>\n<\/div>\n
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setup that you can build an incredible<\/div>\n<\/div>\n<\/div>\n
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career out of and it’s the number one<\/div>\n<\/div>\n<\/div>\n
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set up that I’ve focused on for the last<\/div>\n<\/div>\n<\/div>\n
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two years I really do feel the most<\/div>\n<\/div>\n<\/div>\n
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comfortable with this setup and that’s<\/div>\n<\/div>\n<\/div>\n
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really important to me I can wake up<\/div>\n<\/div>\n<\/div>\n
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with a sense of comfort as there’s a<\/div>\n<\/div>\n<\/div>\n
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very systematic blueprint on how to take<\/div>\n<\/div>\n<\/div>\n
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this set up as opposed to something like<\/div>\n<\/div>\n<\/div>\n
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you know picking a top or picking a<\/div>\n<\/div>\n<\/div>\n
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bottom and I can say that when I first<\/div>\n<\/div>\n<\/div>\n
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got involved in the market like four to<\/div>\n<\/div>\n<\/div>\n
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five years ago you know I was a person<\/div>\n<\/div>\n<\/div>\n
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seeing if I could pick a top or pick a<\/div>\n<\/div>\n<\/div>\n
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bottom and I was getting ran over on<\/div>\n<\/div>\n<\/div>\n
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both sides and it wasn’t until I kind of<\/div>\n<\/div>\n<\/div>\n
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found this setup and this play that you<\/div>\n<\/div>\n<\/div>\n
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know I got a little bit more systematic<\/div>\n<\/div>\n<\/div>\n
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and I started to find some consistency<\/div>\n<\/div>\n<\/div>\n
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so I should note before starting that<\/div>\n<\/div>\n<\/div>\n
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there’s different variations of this<\/div>\n<\/div>\n<\/div>\n
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setup and it has to do with time and<\/div>\n<\/div>\n<\/div>\n
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tightness of the consolidation and we’ll<\/div>\n<\/div>\n<\/div>\n
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get into that but the longer and the<\/div>\n<\/div>\n<\/div>\n
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tighter the better so few reasons why<\/div>\n<\/div>\n<\/div>\n
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this setup is so great why I love this<\/div>\n<\/div>\n<\/div>\n
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setup and why I’ve focused on it so it<\/div>\n<\/div>\n<\/div>\n
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has a well-defined risk at the low high<\/div>\n<\/div>\n<\/div>\n
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of the consolidation weather<\/div>\n<\/div>\n<\/div>\n
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short you can use hard stops if needed<\/div>\n<\/div>\n<\/div>\n
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I’m always using hard stops but of<\/div>\n<\/div>\n<\/div>\n
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course many of the times you know many<\/div>\n<\/div>\n<\/div>\n
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other time I’m stopping out early if I<\/div>\n<\/div>\n<\/div>\n
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get a reason to exit so that hard stop<\/div>\n<\/div>\n<\/div>\n
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is that you know full unit of risk but<\/div>\n<\/div>\n<\/div>\n
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there’s a lot of times where you know<\/div>\n<\/div>\n<\/div>\n
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you get a reason to exit prior to it<\/div>\n<\/div>\n<\/div>\n
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so I’ll take it off early if it’s not<\/div>\n<\/div>\n<\/div>\n
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working you could get incredibly big if<\/div>\n<\/div>\n<\/div>\n
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you’re focusing on the most in play<\/div>\n<\/div>\n<\/div>\n
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names with long periods of consolidation<\/div>\n<\/div>\n<\/div>\n
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that’s really an hour plus you’re<\/div>\n<\/div>\n<\/div>\n
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looking for and that are incredibly<\/div>\n<\/div>\n<\/div>\n
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tight so stocks with a flow of greater<\/div>\n<\/div>\n<\/div>\n
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than 100 million I really want to see<\/div>\n<\/div>\n<\/div>\n
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your ball over 1.5 I want to see them up<\/div>\n<\/div>\n<\/div>\n
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at least three percent on the day I want<\/div>\n<\/div>\n<\/div>\n
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them to be very liquid and I want them<\/div>\n<\/div>\n<\/div>\n
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to have a catalyst whether that’s a<\/div>\n<\/div>\n<\/div>\n
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technical catalyst or a fundamental<\/div>\n<\/div>\n<\/div>\n
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catalyst if they can have both that’s<\/div>\n<\/div>\n<\/div>\n
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even better<\/div>\n<\/div>\n<\/div>\n
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stocks with the flow of less than 100<\/div>\n<\/div>\n<\/div>\n
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million or of all greater than 3 up at<\/div>\n<\/div>\n<\/div>\n
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least 15 percent on the day liquid and<\/div>\n<\/div>\n<\/div>\n
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catalyst and these are kind of the bare<\/div>\n<\/div>\n<\/div>\n
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minimum with low floats we’re often<\/div>\n<\/div>\n<\/div>\n
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seeing you know with stocks with a float<\/div>\n<\/div>\n<\/div>\n
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less than 100 million we’re often seeing<\/div>\n<\/div>\n<\/div>\n
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them up you know a lot more than 15<\/div>\n<\/div>\n<\/div>\n
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percent but that’s what I want to see at<\/div>\n<\/div>\n<\/div>\n
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the bare minimum<\/div>\n<\/div>\n<\/div>\n
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so then 3 the trigger points are obvious<\/div>\n<\/div>\n<\/div>\n
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as it is either the break of the<\/div>\n<\/div>\n<\/div>\n
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consolidation to the upside for long or<\/div>\n<\/div>\n<\/div>\n
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the break to the downside of the<\/div>\n<\/div>\n<\/div>\n
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consolidation for a short and I refer to<\/div>\n<\/div>\n<\/div>\n
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this as a timing point these breaks are<\/div>\n<\/div>\n<\/div>\n
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where the other side is bailing out of<\/div>\n<\/div>\n<\/div>\n
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the position pushing the stock in the<\/div>\n<\/div>\n<\/div>\n
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direction as well as people taking the<\/div>\n<\/div>\n<\/div>\n
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same side as you also causing a push in<\/div>\n<\/div>\n<\/div>\n
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the direction you’re looking for so you<\/div>\n<\/div>\n<\/div>\n
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kind of have both sides of the party<\/div>\n<\/div>\n<\/div>\n
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involved if you’re looking for a big dog<\/div>\n<\/div>\n<\/div>\n
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consolidation to the upside and it<\/div>\n<\/div>\n<\/div>\n
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breaks out you have you know Long’s<\/div>\n<\/div>\n<\/div>\n
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across multiple time frames taking that<\/div>\n<\/div>\n<\/div>\n
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and then you also have shorts being<\/div>\n<\/div>\n<\/div>\n
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squeezed out so you have both sides of<\/div>\n<\/div>\n<\/div>\n
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the party involved and that is really<\/div>\n<\/div>\n<\/div>\n
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important so this setup happens multiple<\/div>\n<\/div>\n<\/div>\n
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times a day across a number of<\/div>\n<\/div>\n<\/div>\n
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timeframes it takes place in all market<\/div>\n<\/div>\n<\/div>\n
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caps and even in other markets as well<\/div>\n<\/div>\n<\/div>\n
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those are some of the markets it happens<\/div>\n<\/div>\n<\/div>\n
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on alongside and the short side and as<\/div>\n<\/div>\n<\/div>\n
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long as you blend<\/div>\n<\/div>\n<\/div>\n
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set up with the proper thesis of where<\/div>\n<\/div>\n<\/div>\n
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the other side is positioned where<\/div>\n<\/div>\n<\/div>\n
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they’re risking overall risk to reward<\/div>\n<\/div>\n<\/div>\n
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this is a setup that in my opinion will<\/div>\n<\/div>\n<\/div>\n
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never rot away and this is because it is<\/div>\n<\/div>\n<\/div>\n
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based off where other people are<\/div>\n<\/div>\n<\/div>\n
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positioned and looking to get involved<\/div>\n<\/div>\n<\/div>\n
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you have both sides of the party<\/div>\n<\/div>\n<\/div>\n
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involved now although I say it won’t rot<\/div>\n<\/div>\n<\/div>\n
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away you do have to adapt to different<\/div>\n<\/div>\n<\/div>\n
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market environments so if low floats<\/div>\n<\/div>\n<\/div>\n
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aren’t running like they once were<\/div>\n<\/div>\n<\/div>\n
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that’s something you have to take note<\/div>\n<\/div>\n<\/div>\n
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of you might not want to hold on to<\/div>\n<\/div>\n<\/div>\n
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these positions as long but the setup<\/div>\n<\/div>\n<\/div>\n
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itself is you know going to remain<\/div>\n<\/div>\n<\/div>\n
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present for quite some time and it’s not<\/div>\n<\/div>\n<\/div>\n
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a setup it’s not as simple as saying<\/div>\n<\/div>\n<\/div>\n
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that this is a big dog consolidation<\/div>\n<\/div>\n<\/div>\n
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setup so let me get longer short you do<\/div>\n<\/div>\n<\/div>\n
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need to be focusing on in play names<\/div>\n<\/div>\n<\/div>\n
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have a proper thesis of where people are<\/div>\n<\/div>\n<\/div>\n
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positioned and a risk to reward that is<\/div>\n<\/div>\n<\/div>\n
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so favorable that the context actually<\/div>\n<\/div>\n<\/div>\n
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makes sense to take the position and I<\/div>\n<\/div>\n<\/div>\n
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can tell you my first year involved in<\/div>\n<\/div>\n<\/div>\n
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the market you know I saw this set up I<\/div>\n<\/div>\n<\/div>\n
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came across the set up in every textbook<\/div>\n<\/div>\n<\/div>\n
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and I started taking it and it didn’t<\/div>\n<\/div>\n<\/div>\n
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work and that’s because I didn’t put any<\/div>\n<\/div>\n<\/div>\n
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of the key variables behind it you know<\/div>\n<\/div>\n<\/div>\n
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thesis where people were positioned<\/div>\n<\/div>\n<\/div>\n
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catalyst multiple time frames<\/div>\n<\/div>\n<\/div>\n
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you’d need all of these for this to<\/div>\n<\/div>\n<\/div>\n
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actually work might just jump in here<\/div>\n<\/div>\n<\/div>\n
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you made a really interesting point<\/div>\n<\/div>\n<\/div>\n
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about how this is a trade where you feel<\/div>\n<\/div>\n<\/div>\n
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comfortable making you just feel<\/div>\n<\/div>\n<\/div>\n
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comfortable and I was listening and<\/div>\n<\/div>\n<\/div>\n
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shared with you guys<\/div>\n<\/div>\n<\/div>\n
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a podcast with Tim Ferriss and Hugh<\/div>\n<\/div>\n<\/div>\n
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Jackman he Jackman is a role famous<\/div>\n<\/div>\n<\/div>\n
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actor one of the most talented actors<\/div>\n<\/div>\n<\/div>\n
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that we have today he is a movie star<\/div>\n<\/div>\n<\/div>\n
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and a stage actor and when asked what<\/div>\n<\/div>\n<\/div>\n
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his first love is Hugh Jackman answers<\/div>\n<\/div>\n<\/div>\n
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the question really succinctly which is<\/div>\n<\/div>\n<\/div>\n
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when he’s on stage he knows this is<\/div>\n<\/div>\n<\/div>\n
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where he belongs<\/div>\n<\/div>\n<\/div>\n
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that’s such a powerful thing to say he<\/div>\n<\/div>\n<\/div>\n
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knows where he belongs and he equates<\/div>\n<\/div>\n<\/div>\n
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that feeling<\/div>\n<\/div>\n<\/div>\n
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– really a very famous movie a live<\/div>\n<\/div>\n<\/div>\n
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really famous movie and makes the<\/div>\n<\/div>\n<\/div>\n
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analogy to how the main character<\/div>\n<\/div>\n<\/div>\n
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described how he felt about his first<\/div>\n<\/div>\n<\/div>\n
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love as well running and you know while<\/div>\n<\/div>\n<\/div>\n
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I’m not suggesting you’re gonna feel as<\/div>\n<\/div>\n<\/div>\n
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much love for a particular setup as as<\/div>\n<\/div>\n<\/div>\n
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woodall what I’ll quote but how do you<\/div>\n<\/div>\n<\/div>\n
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feel about something you feeling that<\/div>\n<\/div>\n<\/div>\n
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this trade is right for you is very<\/div>\n<\/div>\n<\/div>\n
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powerful you feeling that this makes<\/div>\n<\/div>\n<\/div>\n
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sense to you is really powerful you guys<\/div>\n<\/div>\n<\/div>\n
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are gonna go through lots of different<\/div>\n<\/div>\n<\/div>\n
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setups and try lots of different setups<\/div>\n<\/div>\n<\/div>\n
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that have edge that work on our desks<\/div>\n<\/div>\n<\/div>\n
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that are used by very profitable traders<\/div>\n<\/div>\n<\/div>\n
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they’re not all going to be for you and<\/div>\n<\/div>\n<\/div>\n
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when you get to the point where it feels<\/div>\n<\/div>\n<\/div>\n
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to you like it’s right let’s let’s make<\/div>\n<\/div>\n<\/div>\n
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note of that those are the trades that<\/div>\n<\/div>\n<\/div>\n
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we want you in there is some connection<\/div>\n<\/div>\n<\/div>\n
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which we may not really be able to<\/div>\n<\/div>\n<\/div>\n
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understand and I’m not trying to get<\/div>\n<\/div>\n<\/div>\n
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overly spiritual here but there are just<\/div>\n<\/div>\n<\/div>\n
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certain things we don’t understand as to<\/div>\n<\/div>\n<\/div>\n
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our talents our cognitive psychological<\/div>\n<\/div>\n<\/div>\n
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needs that that just work and great<\/div>\n<\/div>\n<\/div>\n
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podcast go check it out<\/div>\n<\/div>\n<\/div>\n
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but hugh jackman quotes the main<\/div>\n<\/div>\n<\/div>\n
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character Eric Liddell in Chariots of<\/div>\n<\/div>\n<\/div>\n
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Fire<\/div>\n<\/div>\n<\/div>\n
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Assange you know I’ll read the quote I<\/div>\n<\/div>\n<\/div>\n
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believe God made me for a purpose but he<\/div>\n<\/div>\n<\/div>\n
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also made me fast and when I run I feel<\/div>\n<\/div>\n<\/div>\n
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his pleasure and that’s how Hugh Jackman<\/div>\n<\/div>\n<\/div>\n
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feels when he’s on stage so he can do<\/div>\n<\/div>\n<\/div>\n
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lots of different types of acting but at<\/div>\n<\/div>\n<\/div>\n
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stage acting when he feels is calling so<\/div>\n<\/div>\n<\/div>\n
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you’re going to and will tap into that<\/div>\n<\/div>\n<\/div>\n
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you’re gonna feel certain trades are<\/div>\n<\/div>\n<\/div>\n
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right for you you’re gonna feel certain<\/div>\n<\/div>\n<\/div>\n
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types of trades certain types of trading<\/div>\n<\/div>\n<\/div>\n
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are right for you let’s do more of that<\/div>\n<\/div>\n<\/div>\n
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let’s note that<\/div>\n<\/div>\n<\/div>\n
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that’s important information that was<\/div>\n<\/div>\n<\/div>\n
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really good podcast and really good like<\/div>\n<\/div>\n<\/div>\n
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that so what this looks like the setups<\/div>\n<\/div>\n<\/div>\n
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are simple consolidation breaks shown<\/div>\n<\/div>\n<\/div>\n
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below and again the difference is you<\/div>\n<\/div>\n<\/div>\n
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need to put together some key variables<\/div>\n<\/div>\n<\/div>\n
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for it to work and offer incredible<\/div>\n<\/div>\n<\/div>\n
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opportunities and like I said prior you<\/div>\n<\/div>\n<\/div>\n
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know most people identify this setup you<\/div>\n<\/div>\n<\/div>\n
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know the technical setup and that’s all<\/div>\n<\/div>\n<\/div>\n
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they do<\/div>\n<\/div>\n<\/div>\n
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they identify it they take the setup and<\/div>\n<\/div>\n<\/div>\n
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they don’t put anything to you know<\/div>\n<\/div>\n<\/div>\n
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anything backing it and they get you<\/div>\n<\/div>\n<\/div>\n
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know very poor results as did I you know<\/div>\n<\/div>\n<\/div>\n
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my first year so the risk is almost<\/div>\n<\/div>\n<\/div>\n
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always off the high or low of getting<\/div>\n<\/div>\n<\/div>\n
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long or the lower half getting short<\/div>\n<\/div>\n<\/div>\n
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depending on the time frame you’re on<\/div>\n<\/div>\n<\/div>\n
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and that it’s setting up on so there are<\/div>\n<\/div>\n<\/div>\n
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different ways to get involved I<\/div>\n<\/div>\n<\/div>\n
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personally like taking a full unit of<\/div>\n<\/div>\n<\/div>\n
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risk at the timing point so that<\/div>\n<\/div>\n<\/div>\n
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breakout zone or that breakdown zone<\/div>\n<\/div>\n<\/div>\n
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whether that is to the upside or the<\/div>\n<\/div>\n<\/div>\n
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downside as winrate is most favorable<\/div>\n<\/div>\n<\/div>\n
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and often puts me the money instantly<\/div>\n<\/div>\n<\/div>\n
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and with that said this is something<\/div>\n<\/div>\n<\/div>\n
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Mike and I have talked about where you<\/div>\n<\/div>\n<\/div>\n
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know maybe I could be buying a little<\/div>\n<\/div>\n<\/div>\n
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bit into that support getting bigger<\/div>\n<\/div>\n<\/div>\n
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maybe my win rates gonna be a little bit<\/div>\n<\/div>\n<\/div>\n
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lower but I’ll have a better price for<\/div>\n<\/div>\n<\/div>\n
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when it does work out so that’s<\/div>\n<\/div>\n<\/div>\n
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something to know that’s something I can<\/div>\n<\/div>\n<\/div>\n
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certainly work on if you want to learn<\/div>\n<\/div>\n<\/div>\n
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three real world setups that our traders<\/div>\n<\/div>\n<\/div>\n
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use including the simple setup that we<\/div>\n<\/div>\n<\/div>\n
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teach all of our new traders and the<\/div>\n<\/div>\n<\/div>\n
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setup that turned one of our traders<\/div>\n<\/div>\n<\/div>\n
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into a seven-figure big money earner<\/div>\n<\/div>\n<\/div>\n
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check out the free webinar that we’re<\/div>\n<\/div>\n<\/div>\n
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currently running just go ahead and<\/div>\n<\/div>\n<\/div>\n
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click the link that should be appearing<\/div>\n<\/div>\n<\/div>\n
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right now at the top right hand corner<\/div>\n<\/div>\n<\/div>\n
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of your screen that’s gonna open up this<\/div>\n<\/div>\n<\/div>\n
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free registration page in the new window<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not gonna 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 trading<\/div>\n<\/div>\n<\/div>\n
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workshop then from years of online<\/div>\n<\/div>\n<\/div>\n
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education stocks with less than a<\/div>\n<\/div>\n<\/div>\n
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hundred million in flow or of all<\/div>\n<\/div>\n<\/div>\n
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greater than three and our ball is<\/div>\n<\/div>\n<\/div>\n
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simply current volume compared to prior<\/div>\n<\/div>\n<\/div>\n
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volume over a number of days at that<\/div>\n<\/div>\n<\/div>\n
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time fresh catalyst over three million<\/div>\n<\/div>\n<\/div>\n
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shares in regards to volume and I want<\/div>\n<\/div>\n<\/div>\n
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to see them up at least 15% on the day<\/div>\n<\/div>\n<\/div>\n
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Sox with greater than a hundred million<\/div>\n<\/div>\n<\/div>\n
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share flow our ball greater than 1.5<\/div>\n<\/div>\n<\/div>\n
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five fresh catalyst three million shares<\/div>\n<\/div>\n<\/div>\n
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and up at least three percent so my<\/div>\n<\/div>\n<\/div>\n
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criteria is a little bit less for stocks<\/div>\n<\/div>\n<\/div>\n
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with the higher flow it needs to be<\/div>\n<\/div>\n<\/div>\n
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setting up on multiple time frames I<\/div>\n<\/div>\n<\/div>\n
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personally use a one five fifteen minute<\/div>\n<\/div>\n<\/div>\n
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\n
and hourly time frames on the day and I<\/div>\n<\/div>\n<\/div>\n
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use a daily of course the more the<\/div>\n<\/div>\n<\/div>\n
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better as this will bring in more market<\/div>\n<\/div>\n<\/div>\n
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participants a one-minute consolidation<\/div>\n<\/div>\n<\/div>\n
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is not enough for me to get involved if<\/div>\n<\/div>\n<\/div>\n
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it is extended on the 5-minute and<\/div>\n<\/div>\n<\/div>\n
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beyond<\/div>\n<\/div>\n<\/div>\n
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if long that’s a little bit different<\/div>\n<\/div>\n<\/div>\n
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for shorts but we’re gonna stick with<\/div>\n<\/div>\n<\/div>\n
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the long here so it has a favorable risk<\/div>\n<\/div>\n<\/div>\n
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to reward of at least three to one<\/div>\n<\/div>\n<\/div>\n
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that’s kind of what I’m looking forward<\/div>\n<\/div>\n<\/div>\n
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to my first target and if it doesn’t<\/div>\n<\/div>\n<\/div>\n
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have that – my first target I should be<\/div>\n<\/div>\n<\/div>\n
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avoiding this position and I am more you<\/div>\n<\/div>\n<\/div>\n
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\n
know more times than not and what that<\/div>\n<\/div>\n<\/div>\n
\n
\n
means is you know maybe risking a<\/div>\n<\/div>\n<\/div>\n
\n
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thousand dollars to make three thousand<\/div>\n<\/div>\n<\/div>\n
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maybe risking a hundred to make three<\/div>\n<\/div>\n<\/div>\n
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\n
hundred whatever it is so this is a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
dog consolidation on workhorse workhorse<\/div>\n<\/div>\n<\/div>\n
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group is an American manufacturing<\/div>\n<\/div>\n<\/div>\n
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\n
company based in Cincinnati Ohio<\/div>\n<\/div>\n<\/div>\n
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\n
currently focused on manufacturing<\/div>\n<\/div>\n<\/div>\n
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\n
electrical powered utility vehicles<\/div>\n<\/div>\n<\/div>\n
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\n
there in the Immie sector very hot<\/div>\n<\/div>\n<\/div>\n
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\n
sector as recently very in place<\/div>\n<\/div>\n<\/div>\n
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\n
activation said callous fresh news there<\/div>\n<\/div>\n<\/div>\n
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\n
was news from the day prior 6:23 2020<\/div>\n<\/div>\n<\/div>\n
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\n
complete federal motor vehicle safety<\/div>\n<\/div>\n<\/div>\n
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standards for all delivery vans in their<\/div>\n<\/div>\n<\/div>\n
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\n
lineup and this keeps them well<\/div>\n<\/div>\n<\/div>\n
\n
\n
positioned to execute on their<\/div>\n<\/div>\n<\/div>\n
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\n
production timeline for the remainder of<\/div>\n<\/div>\n<\/div>\n
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\n
the year without the nod of the FMVSS in<\/div>\n<\/div>\n<\/div>\n
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a sense they would be at a standstill<\/div>\n<\/div>\n<\/div>\n
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\n
until approved the statistics on this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the daily volume is 3.2 million a TR<\/div>\n<\/div>\n<\/div>\n
\n
\n
point 7 for a short float 18 percent has<\/div>\n<\/div>\n<\/div>\n
\n
\n
a flow to 55 million institutional<\/div>\n<\/div>\n<\/div>\n
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\n
ownership not too high 23 percent<\/div>\n<\/div>\n<\/div>\n
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\n
insider ownership 4% so the game plan I<\/div>\n<\/div>\n<\/div>\n
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wasn’t able to find a spot on it early<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the day to get involved but it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding above vo up with multiple time<\/div>\n<\/div>\n<\/div>\n
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rams curled underneath and I do use a 90<\/div>\n<\/div>\n<\/div>\n
\n
\n
ma as a good reference point to<\/div>\n<\/div>\n<\/div>\n
\n
\n
determine if something is overextended<\/div>\n<\/div>\n<\/div>\n
\n
\n
and whether or not it needs to first<\/div>\n<\/div>\n<\/div>\n
\n
\n
reset itself before setting up and I<\/div>\n<\/div>\n<\/div>\n
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\n
used it across all the time for hymns<\/div>\n<\/div>\n<\/div>\n
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that I focus on so the one 5:15 I use it<\/div>\n<\/div>\n<\/div>\n
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\n
on the hourly the daily as well and it<\/div>\n<\/div>\n<\/div>\n
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\n
wasn’t extended on the one-minute the<\/div>\n<\/div>\n<\/div>\n
\n
\n
5-minute or the 15-minute and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to me this shows that the that<\/div>\n<\/div>\n<\/div>\n
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the name has properly reset and is not<\/div>\n<\/div>\n<\/div>\n
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\n
overextended and anybody short as a good<\/div>\n<\/div>\n<\/div>\n
\n
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pass possibility of getting squeezed out<\/div>\n<\/div>\n<\/div>\n
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\n
the reward is no longer there for anyone<\/div>\n<\/div>\n<\/div>\n
\n
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short as all the timeframes with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
exception of the hourly it wasn’t too<\/div>\n<\/div>\n<\/div>\n
\n
\n
far behind has caught up underneath and<\/div>\n<\/div>\n<\/div>\n
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\n
may be getting ready for its next leg up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and something to know is the 90 ma or<\/div>\n<\/div>\n<\/div>\n
\n
\n
any EMA or any indicator for that point<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the exception of maybe volume in<\/div>\n<\/div>\n<\/div>\n
\n
\n
price it’s not a buy or sell signal it’s<\/div>\n<\/div>\n<\/div>\n
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used as a reference point to determine<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether or not something is overextended<\/div>\n<\/div>\n<\/div>\n
\n
\n
and needs to reset and that’s all it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
used for the plan was simply to take a<\/div>\n<\/div>\n<\/div>\n
\n
\n
big dog consolidation break at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
timing point with risk the hard stop off<\/div>\n<\/div>\n<\/div>\n
\n
\n
the previous high or low prior to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout on the 5-minute with the target<\/div>\n<\/div>\n<\/div>\n
\n
\n
of high of day plus and up towards $10<\/div>\n<\/div>\n<\/div>\n
\n
\n
plus and it did exactly that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so some long-term technical analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is pretty basic this is a daily you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can see that earlier in the year it<\/div>\n<\/div>\n<\/div>\n
\n
\n
broke out of that daily flag and it kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of just built higher lows ever since<\/div>\n<\/div>\n<\/div>\n
\n
\n
grinding out swinging shorts one by one<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we broke over 52-week highs and<\/div>\n<\/div>\n<\/div>\n
\n
\n
what that tells me is anybody who is<\/div>\n<\/div>\n<\/div>\n
\n
\n
short prior is you know underwater<\/div>\n<\/div>\n<\/div>\n
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\n
they’re they’re off sides they’re<\/div>\n<\/div>\n<\/div>\n
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\n
underwater and that’s a really good sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that second to last day is a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
that I was involved in it and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we’re going over and one thing to<\/div>\n<\/div>\n<\/div>\n
\n
\n
note is the volume ramp on the day that<\/div>\n<\/div>\n<\/div>\n
\n
\n
I was involved in it shares are flipping<\/div>\n<\/div>\n<\/div>\n
\n
\n
hands as the float rotates it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
certainly in play so technical analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this is a five minute and<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re gonna go over the timing point a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit so the timing point is where<\/div>\n<\/div>\n<\/div>\n
\n
\n
many shorts will stop out as well as<\/div>\n<\/div>\n<\/div>\n
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\n
many Long’s across multiple time frames<\/div>\n<\/div>\n<\/div>\n
\n
\n
hopping in and\/or adding to the recruits<\/div>\n<\/div>\n<\/div>\n
\n
\n
to their position it has both sides<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved and when it has both sides<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved when you can identify a set up<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you know shorts are getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
squeezed out at this point and Long’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
are helping in at this point there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be more fuel to that fire and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s really important there was two<\/div>\n<\/div>\n<\/div>\n
\n
\n
hours of sideways consolidation the<\/div>\n<\/div>\n<\/div>\n
\n
\n
longer the better more people involved<\/div>\n<\/div>\n<\/div>\n
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\n
equals more explosive the brake this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty tight but it could you know I<\/div>\n<\/div>\n<\/div>\n
\n
\n
would have preferred it to be even<\/div>\n<\/div>\n<\/div>\n
\n
\n
tighter that means you can get bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it was pretty tight and we’ll go<\/div>\n<\/div>\n<\/div>\n
\n
\n
over the risk to reward on this I just<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to note the two hours of sideways<\/div>\n<\/div>\n<\/div>\n
\n
\n
action you’re going to have big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
patterns that have different periods of<\/div>\n<\/div>\n<\/div>\n
\n
\n
time for sideways action and you want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
make note of how long the wedge pattern<\/div>\n<\/div>\n<\/div>\n
\n
\n
has been forming is it 40 minutes is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
30 minutes is it two hours and that and<\/div>\n<\/div>\n<\/div>\n
\n
\n
of itself is an important thing to note<\/div>\n<\/div>\n<\/div>\n
\n
\n
for what you expect stock going forward<\/div>\n<\/div>\n<\/div>\n
\n
\n
so uh yeah two hours is a more<\/div>\n<\/div>\n<\/div>\n
\n
\n
significant wedge pattern than 40<\/div>\n<\/div>\n<\/div>\n
\n
\n
minutes which is more significant than<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minutes and so what happens with<\/div>\n<\/div>\n<\/div>\n
\n
\n
these big banners is they’re really<\/div>\n<\/div>\n<\/div>\n
\n
\n
powerful and you know you do a good job<\/div>\n<\/div>\n<\/div>\n
\n
\n
of showing two hours of sideways<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually then somebody will bring up a<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart of ten minutes and then say hey<\/div>\n<\/div>\n<\/div>\n
\n
\n
how come that did work yeah well it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
not the same pattern so alright good<\/div>\n<\/div>\n<\/div>\n
\n
\n
stuff there and then you can also see on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the timing point volume spike the volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
is increasing and that’s indicating that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know your thesis is correct or at<\/div>\n<\/div>\n<\/div>\n
\n
\n
least for the time being that shorts are<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know paying the offer to<\/div>\n<\/div>\n<\/div>\n
\n
\n
cut and lungs are getting involved so<\/div>\n<\/div>\n<\/div>\n
\n
\n
again both sides of the party involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
at that timing point to confirm your<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea you want to see volume coming in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you want to see a push away from<\/div>\n<\/div>\n<\/div>\n
\n
\n
price rather quickly so this is a 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute and the purpose of this slide is<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather simple it’s to show that that<\/div>\n<\/div>\n<\/div>\n
\n
\n
blue line the 90 ma is tucked up<\/div>\n<\/div>\n<\/div>\n
\n
\n
underneath and it’s not overextended you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know so this is going to bring in more<\/div>\n<\/div>\n<\/div>\n
\n
\n
and work at participant so it means that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there will be you know people who focus<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the one minute the five minute the 10<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute 15 minute they all had the same<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical setup that they were going off<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re a short you know you<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely want to be stopping out at<\/div>\n<\/div>\n<\/div>\n
\n
\n
that level or that lower next lower high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if you’re already long you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably buying more there if you’re not<\/div>\n<\/div>\n<\/div>\n
\n
\n
already long you’re probably getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved there or you should be and<\/div>\n<\/div>\n<\/div>\n
\n
\n
again then the blue line is a 90 ma that<\/div>\n<\/div>\n<\/div>\n
\n
\n
I use as a reference point and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
all I use it for so this is how I should<\/div>\n<\/div>\n<\/div>\n
\n
\n
have handled it and I think this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to go over so getting along<\/div>\n<\/div>\n<\/div>\n
\n
\n
with 30 percent of daily stop and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a SCI’s or that was a size for me of<\/div>\n<\/div>\n<\/div>\n
\n
\n
a 1 5 15 minute Big Dawg consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
that has been that has all these<\/div>\n<\/div>\n<\/div>\n
\n
\n
variables and that has been<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidating for two hours around that<\/div>\n<\/div>\n<\/div>\n
\n
\n
time the longer the better<\/div>\n<\/div>\n<\/div>\n
\n
\n
so getting along at the timing point of<\/div>\n<\/div>\n<\/div>\n
\n
\n
892 filling with the limit up to 895 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
a hard stop at 875 and as soon as 890<\/div>\n<\/div>\n<\/div>\n
\n
\n
once begin to lift or eight 90s begin to<\/div>\n<\/div>\n<\/div>\n
\n
\n
lift on the offer I’m hitting my hot key<\/div>\n<\/div>\n<\/div>\n
\n
\n
knowing that I’m gonna fill up to 895<\/div>\n<\/div>\n<\/div>\n
\n
\n
but more times than not if you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
focusing on a very liquid name and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know you have some decent execution<\/div>\n<\/div>\n<\/div>\n
\n
\n
I just quick note almost always the stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
is 874 not 875 okay you don’t set stops<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 875 and less 876 of all support<\/div>\n<\/div>\n<\/div>\n
\n
\n
levels which it isn’t here give it that<\/div>\n<\/div>\n<\/div>\n
\n
\n
extra penny it’ll help you out with your<\/div>\n<\/div>\n<\/div>\n
\n
\n
your<\/div>\n<\/div>\n<\/div>\n
\n
\n
right okay um so hard stop at 874 not<\/div>\n<\/div>\n<\/div>\n
\n
\n
875<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if 883 gave out cut half five-minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
high or low prior to the breakout so<\/div>\n<\/div>\n<\/div>\n
\n
\n
prior to that timing point there’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
five-minute a previous five-minute low<\/div>\n<\/div>\n<\/div>\n
\n
\n
of 883 and if that breaks down I want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be bailing at least half of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
and I use f2 that’s my bit out as there<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a good probability that it’s gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
pull into my stop so there’s no reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take a full unit loss if I’m wrong I<\/div>\n<\/div>\n<\/div>\n
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can bit out some I can always get back<\/div>\n<\/div>\n<\/div>\n
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in so take off one third with order out<\/div>\n<\/div>\n<\/div>\n
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in the market below high a day at 9:18<\/div>\n<\/div>\n<\/div>\n
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\n
for at 9:15 to cover some risk it got a<\/div>\n<\/div>\n<\/div>\n
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\n
little bit heavy there I perform at my<\/div>\n<\/div>\n<\/div>\n
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best when I do cover some risk I’m not<\/div>\n<\/div>\n<\/div>\n
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\n
too worried on that first 1\/3 or 1\/4<\/div>\n<\/div>\n<\/div>\n
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that I’m selling when I’m covering some<\/div>\n<\/div>\n<\/div>\n
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risk to make a boatload of money on it<\/div>\n<\/div>\n<\/div>\n
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but it keeps me sane in the position and<\/div>\n<\/div>\n<\/div>\n
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it allows me to you know just be a<\/div>\n<\/div>\n<\/div>\n
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\n
little bit more comfortable in the<\/div>\n<\/div>\n<\/div>\n
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position so that’s how I kind of handle<\/div>\n<\/div>\n<\/div>\n
\n
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my first exit and then I add that or add<\/div>\n<\/div>\n<\/div>\n
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\n
back the one-third as moma a lot through<\/div>\n<\/div>\n<\/div>\n
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hive day so through that level and sell<\/div>\n<\/div>\n<\/div>\n
\n
\n
it into your next reason to sell when<\/div>\n<\/div>\n<\/div>\n
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\n
the tape gets heavy under 950 on the bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
first turn so this is something I can<\/div>\n<\/div>\n<\/div>\n
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\n
work on this is something I didn’t do<\/div>\n<\/div>\n<\/div>\n
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\n
and I’ll show that in the next slide is<\/div>\n<\/div>\n<\/div>\n
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\n
I can add back that whatever I sold<\/div>\n<\/div>\n<\/div>\n
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\n
whether it’s a third or a fourth I could<\/div>\n<\/div>\n<\/div>\n
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\n
add it back as a moment a lot and use<\/div>\n<\/div>\n<\/div>\n
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\n
that as my next reason to so I’m gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
have a little bit higher of a cost but<\/div>\n<\/div>\n<\/div>\n
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\n
you know I’m making more I’m working<\/div>\n<\/div>\n<\/div>\n
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around a core a little bit better and<\/div>\n<\/div>\n<\/div>\n
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\n
it’ll allow me to hold on to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
remainder a lot better then second third<\/div>\n<\/div>\n<\/div>\n
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\n
in front of ten whole dollar there was<\/div>\n<\/div>\n<\/div>\n
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massive offers in front of ten and I did<\/div>\n<\/div>\n<\/div>\n
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\n
think they were gonna clear but they did<\/div>\n<\/div>\n<\/div>\n
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\n
it and then get flat when the five<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute breaks down you can see that 90<\/div>\n<\/div>\n<\/div>\n
\n
\n
ma snapping and it’s breaking below that<\/div>\n<\/div>\n<\/div>\n
\n
\n
support so this is how I should have<\/div>\n<\/div>\n<\/div>\n
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\n
handled it and I handled it pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
closely but not perfectly so I got along<\/div>\n<\/div>\n<\/div>\n
\n
\n
with 20% of my daily stock as opposed to<\/div>\n<\/div>\n<\/div>\n
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\n
30% at the timing point<\/div>\n<\/div>\n<\/div>\n
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\n
of the 892 break filling with a limit up<\/div>\n<\/div>\n<\/div>\n
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\n
to 895 I filled that 892 when the offer<\/div>\n<\/div>\n<\/div>\n
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\n
lifted I 891 I was hitting my hot key to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get involved so I got a good fill in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
hard stop at 882 should have been 875<\/div>\n<\/div>\n<\/div>\n
\n
\n
like ice or 874 on that I showed in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous slide and that would have made<\/div>\n<\/div>\n<\/div>\n
\n
\n
me feel a little bit more comfortable<\/div>\n<\/div>\n<\/div>\n
\n
\n
and likely would have taken it with 30<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent as opposed to only 20 percent so<\/div>\n<\/div>\n<\/div>\n
\n
\n
I could have given it a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
room take off I took off one third<\/div>\n<\/div>\n<\/div>\n
\n
\n
through high of day so that’s actually a<\/div>\n<\/div>\n<\/div>\n
\n
\n
spot where I should be adding back the<\/div>\n<\/div>\n<\/div>\n
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\n
one third I’ve sold initially into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
high day stuff and have it as a moment a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot so I was actually selling where I<\/div>\n<\/div>\n<\/div>\n
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\n
should be adding back what I had sold so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s something I can work on and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
I got flat one 966 stuffed briefly with<\/div>\n<\/div>\n<\/div>\n
\n
\n
10,000 cher orders sitting on the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
I handled this a little bit too much<\/div>\n<\/div>\n<\/div>\n
\n
\n
like a momentum position and part of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
is it was kind of more of a momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
position but I should have held on to<\/div>\n<\/div>\n<\/div>\n
\n
\n
some size maybe a third to see if this<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to break over ten and head higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
because it definitely had the<\/div>\n<\/div>\n<\/div>\n
\n
\n
possibility of doing that so that’s how<\/div>\n<\/div>\n<\/div>\n
\n
\n
I handled it and here’s the overall risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
to reward the specific of the PA a<\/div>\n<\/div>\n<\/div>\n
\n
\n
nine-minute I’d I just want to so I just<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to say this here which is a big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation trade is not a momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
trait and so you want to make sure that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re thinking of this as a swing trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this to be it’s fine to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum trades it’s fine to find wedge<\/div>\n<\/div>\n<\/div>\n
\n
\n
patterns and turn them into momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
trades but there should be like<\/div>\n<\/div>\n<\/div>\n
\n
\n
yesterday Houston set up an intraday set<\/div>\n<\/div>\n<\/div>\n
\n
\n
up a fundamental catalyst plus a<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical catalyst trade for a swing<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade there should so there was<\/div>\n<\/div>\n<\/div>\n
\n
\n
something behind price action<\/div>\n<\/div>\n<\/div>\n
\n
\n
that told us the stock could really<\/div>\n<\/div>\n<\/div>\n
\n
\n
really trend you want that with a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
dog catalyst as well you want that with<\/div>\n<\/div>\n<\/div>\n
\n
\n
a big dog consolidation trade as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
you want to know that this is something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that can go for multiple points you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
making it for multiple points that’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
to say that if you’re in a big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation trade you’re being<\/div>\n<\/div>\n<\/div>\n
\n
\n
objective and you get long and the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
goes up 50 cents and it’s so obvious it<\/div>\n<\/div>\n<\/div>\n
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\n
can’t go higher that you wouldn’t sell<\/div>\n<\/div>\n<\/div>\n
\n
\n
it but you’re you’re not in these trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
for 50 cents you’re in these trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
mostly to sell them high a day in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
case or more much higher so that you and<\/div>\n<\/div>\n<\/div>\n
\n
\n
often it’s you know you just didn’t have<\/div>\n<\/div>\n<\/div>\n
\n
\n
a strong enough of a news catalyst you<\/div>\n<\/div>\n<\/div>\n
\n
\n
just didn’t have a strong enough of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
technical catalyst for your big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation trade so that said it<\/div>\n<\/div>\n<\/div>\n
\n
\n
isn’t a big dog consolidation trade it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
a momentum trade or it’s you know maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
it maybe there’s just a big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation trade that just didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
work out so caution you to be taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
sales quickly or to be treating this as<\/div>\n<\/div>\n<\/div>\n
\n
\n
the moment to trade now having said that<\/div>\n<\/div>\n<\/div>\n
\n
\n
a stuff you rightly point out a stuff is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a reason to sell yeah stop trying we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna try and push higher we don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s elevated volume we closed below<\/div>\n<\/div>\n<\/div>\n
\n
\n
the high there’s a stuff pattern there<\/div>\n<\/div>\n<\/div>\n
\n
\n
so I’m not suggesting you to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
closed-minded about it and I bring this<\/div>\n<\/div>\n<\/div>\n
\n
\n
up because I see this with developing<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders which is they think they’re in<\/div>\n<\/div>\n<\/div>\n
\n
\n
one trade but they’re really not and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know are you and I’m a trader are<\/div>\n<\/div>\n<\/div>\n
\n
\n
you in a big dog consolidation trade and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that makes a big difference yeah I think<\/div>\n<\/div>\n<\/div>\n
\n
\n
even in the beginning who’s being a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit more specific with what it is<\/div>\n<\/div>\n<\/div>\n
\n
\n
I’m going in with<\/div>\n<\/div>\n<\/div>\n
\n
\n
and I think you I did go into this with<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinking it was a big dog and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting in it and then playing it more<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a momentum position so something to<\/div>\n<\/div>\n<\/div>\n
\n
\n
work on for sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
got you so here’s the overall risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
reward of this set up the the position<\/div>\n<\/div>\n<\/div>\n
\n
\n
itself did in fact make it right to<\/div>\n<\/div>\n<\/div>\n
\n
\n
write under ten are and a good rule of<\/div>\n<\/div>\n<\/div>\n
\n
\n
thumb to determine how well you did on<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is if you captured sixty percent of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the move this is something that Steve<\/div>\n<\/div>\n<\/div>\n
\n
\n
Spencer talked about in a prior video<\/div>\n<\/div>\n<\/div>\n
\n
\n
with Aaron Roth great video it’s on SM<\/div>\n<\/div>\n<\/div>\n
\n
\n
B’s YouTube you haven’t seen it make<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure you do it’s kind of a Mendoza line<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re never gonna catch for the entire<\/div>\n<\/div>\n<\/div>\n
\n
\n
move but you know if you’re taking 60%<\/div>\n<\/div>\n<\/div>\n
\n
\n
plus you did pretty well on it I came<\/div>\n<\/div>\n<\/div>\n
\n
\n
close but I didn’t I certainly didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
capture that more like maybe 40 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent so something to work on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
I couldn’t pull the tape up on it but I<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to show kind of show it what I<\/div>\n<\/div>\n<\/div>\n
\n
\n
was referring to so we’ll start with a<\/div>\n<\/div>\n<\/div>\n
\n
\n
the bids fell off here as long stopped<\/div>\n<\/div>\n<\/div>\n
\n
\n
out who took the flag kind of that early<\/div>\n<\/div>\n<\/div>\n
\n
\n
flag it just kind of was a poor context<\/div>\n<\/div>\n<\/div>\n
\n
\n
flag it was a little bit extended on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
15-minute at the time and shorts so long<\/div>\n<\/div>\n<\/div>\n
\n
\n
stopped out under that five-minute low<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you can see hard stops going<\/div>\n<\/div>\n<\/div>\n
\n
\n
off you can see volumes starting to pick<\/div>\n<\/div>\n<\/div>\n
\n
\n
up and we know that shorts are probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
also thinking okay Long’s are stopping<\/div>\n<\/div>\n<\/div>\n
\n
\n
out here so they’re hitting in with risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
off that lower high and shorts are<\/div>\n<\/div>\n<\/div>\n
\n
\n
expecting a sharp move down but instead<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get a bid and get bought backup<\/div>\n<\/div>\n<\/div>\n
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\n
offers begin to lift so when we reclaim<\/div>\n<\/div>\n<\/div>\n
\n
\n
this support zone that shorts hittin on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the breakdown against the bids begin to<\/div>\n<\/div>\n<\/div>\n
\n
\n
firm up as shorts throw bids out to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
out for near breakeven they become<\/div>\n<\/div>\n<\/div>\n
\n
\n
buyers as well as Long’s getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved so they’re kind of you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorts are supporting it Long’s are<\/div>\n<\/div>\n<\/div>\n
\n
\n
supporting it and then when the timing<\/div>\n<\/div>\n<\/div>\n
\n
\n
point broke out we saw offers lifts<\/div>\n<\/div>\n<\/div>\n
\n
\n
quickly as shorts had their stops going<\/div>\n<\/div>\n<\/div>\n
\n
\n
off through the flag and through the<\/div>\n<\/div>\n<\/div>\n
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\n
lower high that they were risking off of<\/div>\n<\/div>\n<\/div>\n
\n
\n
so moved away from price rather quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and on heavy volume this is what you<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to see you want to see price move<\/div>\n<\/div>\n<\/div>\n
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\n
away quickly from where<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved and you want to see volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming in and I did see that and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
could see that down below we pull in but<\/div>\n<\/div>\n<\/div>\n
\n
\n
hold as shorts pay on the bed holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stock up as well as long as getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
more involved this is ideal price action<\/div>\n<\/div>\n<\/div>\n
\n
\n
for being long of course I’m not going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to complain if it just rips through that<\/div>\n<\/div>\n<\/div>\n
\n
\n
timing point and keeps going but if it<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulls back in and holds that’s not a bad<\/div>\n<\/div>\n<\/div>\n
\n
\n
sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’s building higher lows short<\/div>\n<\/div>\n<\/div>\n
\n
\n
serve position poorly Long’s are getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
more involved it’s not a bad sign offers<\/div>\n<\/div>\n<\/div>\n
\n
\n
get heavy at 10 and when we pull in bids<\/div>\n<\/div>\n<\/div>\n
\n
\n
fall out and that’s a big shift in<\/div>\n<\/div>\n<\/div>\n
\n
\n
character this is a signal to be flat<\/div>\n<\/div>\n<\/div>\n
\n
\n
and I think you know going into this for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most part with a big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation I think this is a shift in<\/div>\n<\/div>\n<\/div>\n
\n
\n
character where you can you know you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
get flat you can realize okay you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
what this didn’t work out you know you<\/div>\n<\/div>\n<\/div>\n
\n
\n
still captured a decent amount of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
move but it didn’t you know do what you<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted maybe you wanted three or four<\/div>\n<\/div>\n<\/div>\n
\n
\n
points on it and it was a big shift in<\/div>\n<\/div>\n<\/div>\n
\n
\n
character when the bids fell out there<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it’s not a bad spot to get flat the<\/div>\n<\/div>\n<\/div>\n
\n
\n
review on this is this is an A+ for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
within my playbook this is a big dog<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation break that is setting up<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the one five 15-minute time frame<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the variables that are most<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to me it was consolidating for<\/div>\n<\/div>\n<\/div>\n
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\n
two hours it was really it was pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
tight is this a big dog consolidation or<\/div>\n<\/div>\n<\/div>\n
\n
\n
is this a really good a plus momento<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade for you I think it’s the latter<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay let’s look that’s fine that’s why<\/div>\n<\/div>\n<\/div>\n
\n
\n
we go we go through these reviews is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that it’s a great learning lesson which<\/div>\n<\/div>\n<\/div>\n
\n
\n
is this is still a really good trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s it’s a subset kind of a sister<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade of the big dog consolidation which<\/div>\n<\/div>\n<\/div>\n
\n
\n
is which is great yeah definitely and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can make a lot of money and really<\/div>\n<\/div>\n<\/div>\n
\n
\n
terrific momentum trades particularly in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this market I agree with that so<\/div>\n<\/div>\n<\/div>\n
\n
\n
continue to take this set up and tweak<\/div>\n<\/div>\n<\/div>\n
\n
\n
it until you can find a way to squeeze<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most amount out of it and again I<\/div>\n<\/div>\n<\/div>\n
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\n
didn’t perform on this perfectly as I<\/div>\n<\/div>\n<\/div>\n
\n
\n
entered with 20% of my dailies stopped<\/div>\n<\/div>\n<\/div>\n
\n
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as opposed to 30% and that line doesn’t<\/div>\n<\/div>\n<\/div>\n
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really apply because it was more of a<\/div>\n<\/div>\n<\/div>\n
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momentum position the after reviewing my<\/div>\n<\/div>\n<\/div>\n
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stats on this setup from the last couple<\/div>\n<\/div>\n<\/div>\n
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months and<\/div>\n<\/div>\n<\/div>\n
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really the last couple years it’s a<\/div>\n<\/div>\n<\/div>\n
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setup that I have been moving to as the<\/div>\n<\/div>\n<\/div>\n
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last couple weeks moving to north of 50<\/div>\n<\/div>\n<\/div>\n
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percent of my daily stop due to having a<\/div>\n<\/div>\n<\/div>\n
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66% win rate on it and a greater than<\/div>\n<\/div>\n<\/div>\n
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three-to-one risk to reward while taking<\/div>\n<\/div>\n<\/div>\n
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very little heat and that is one thing<\/div>\n<\/div>\n<\/div>\n
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that’s really important to me is I don’t<\/div>\n<\/div>\n<\/div>\n
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like taking a lot of heat that’s why I<\/div>\n<\/div>\n<\/div>\n
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do focus on these timing points that’s<\/div>\n<\/div>\n<\/div>\n
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why sometimes I’m not buying into<\/div>\n<\/div>\n<\/div>\n
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support and I’m waiting for that<\/div>\n<\/div>\n<\/div>\n
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breakout point so as Mike spoke about<\/div>\n<\/div>\n<\/div>\n
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sometimes the only risk is not having<\/div>\n<\/div>\n<\/div>\n
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enough for risk on your best ideas the<\/div>\n<\/div>\n<\/div>\n
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best get incredibly big in there a plus<\/div>\n<\/div>\n<\/div>\n
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set ups and if I’m gonna be more<\/div>\n<\/div>\n<\/div>\n
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explosive like this where I’m not as<\/div>\n<\/div>\n<\/div>\n
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active as maybe a scalper or somebody<\/div>\n<\/div>\n<\/div>\n
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you know as somebody else I need to be<\/div>\n<\/div>\n<\/div>\n
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bigger in my best ideas because maybe<\/div>\n<\/div>\n<\/div>\n
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I’m only getting a couple of them a day<\/div>\n<\/div>\n<\/div>\n
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a few of them per day so risking you<\/div>\n<\/div>\n<\/div>\n
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know up to 50% 60% of my daily stop and<\/div>\n<\/div>\n<\/div>\n
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I know my win rate and I know where I’m<\/div>\n<\/div>\n<\/div>\n
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wrong and I know the risk reward you<\/div>\n<\/div>\n<\/div>\n
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know I’m comfortable with that this is<\/div>\n<\/div>\n<\/div>\n
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an A+ setup for me<\/div>\n<\/div>\n<\/div>\n
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yeah and swang was chatting with me<\/div>\n<\/div>\n<\/div>\n
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before they opened today she shot me a g<\/div>\n<\/div>\n<\/div>\n
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chat about the virtual happy hour we had<\/div>\n<\/div>\n<\/div>\n
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yesterday he said you made a really good<\/div>\n<\/div>\n<\/div>\n
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point yesterday I’m focusing on<\/div>\n<\/div>\n<\/div>\n
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stress-free trading<\/div>\n<\/div>\n<\/div>\n
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maximizing on the easiest setups and<\/div>\n<\/div>\n<\/div>\n
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make this really sustainable and happy<\/div>\n<\/div>\n<\/div>\n
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trading should be fun so a lot of the<\/div>\n<\/div>\n<\/div>\n
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better traders in the desk are honing in<\/div>\n<\/div>\n<\/div>\n
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on that stress-free trading which has<\/div>\n<\/div>\n<\/div>\n
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kept them away from drawing down of late<\/div>\n<\/div>\n<\/div>\n
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which is not the case for a lot of big<\/div>\n<\/div>\n<\/div>\n
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traders that are shooting me notes at<\/div>\n<\/div>\n<\/div>\n
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other firms it’s very common for Big<\/div>\n<\/div>\n<\/div>\n
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Time traders who put up huge numbers in<\/div>\n<\/div>\n<\/div>\n
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March and April one that’s made to be in<\/div>\n<\/div>\n<\/div>\n
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\n
a little bit of a drawdown right now<\/div>\n<\/div>\n<\/div>\n
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because they were not doing what swangs<\/div>\n<\/div>\n<\/div>\n
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doing which is really focused on<\/div>\n<\/div>\n<\/div>\n
\n
\n
stress-free trading which is what you’re<\/div>\n<\/div>\n<\/div>\n
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talking about<\/div>\n<\/div>\n<\/div>\n
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not taking out a lot of heat<\/div>\n<\/div>\n<\/div>\n
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it’s complete fiction you need to take a<\/div>\n<\/div>\n<\/div>\n
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lot of heat to be a really elite active<\/div>\n<\/div>\n<\/div>\n
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trader yeah just it’s it’s just not just<\/div>\n<\/div>\n<\/div>\n
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factually not true<\/div>\n<\/div>\n<\/div>\n
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it is it is true that some people can<\/div>\n<\/div>\n<\/div>\n
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develop systems where they need to draw<\/div>\n<\/div>\n<\/div>\n
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it out a little bit before they make a<\/div>\n<\/div>\n<\/div>\n
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lot of money but we’re not seeing that<\/div>\n<\/div>\n<\/div>\n
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to be a necessity so I like that you’re<\/div>\n<\/div>\n<\/div>\n
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you’re you’re you’re putting out that<\/div>\n<\/div>\n<\/div>\n
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she don’t take me to take on a lot of<\/div>\n<\/div>\n<\/div>\n
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heat that that perhaps might be<\/div>\n<\/div>\n<\/div>\n
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\n
important for you and it does lead to<\/div>\n<\/div>\n<\/div>\n
\n
\n
funner trading it’s stressful too<\/div>\n<\/div>\n<\/div>\n
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\n
stressful to draw down a hundred grand<\/div>\n<\/div>\n<\/div>\n
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\n
to make three hundred thousand yeah so<\/div>\n<\/div>\n<\/div>\n
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\n
if you can if you can turn that around<\/div>\n<\/div>\n<\/div>\n
\n
\n
to drawing down 30 grand to make four<\/div>\n<\/div>\n<\/div>\n
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\n
hundred thousand that’s that’s that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously a lot more money to you so and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s what’s weighing and shark and and<\/div>\n<\/div>\n<\/div>\n
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\n
those guys are doing and doing better<\/div>\n<\/div>\n<\/div>\n
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\n
than a lot of traders on the street<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now sorry sorry to interrupt yeah<\/div>\n<\/div>\n<\/div>\n
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\n
I just have one more slide but thank you<\/div>\n<\/div>\n<\/div>\n
\n
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so how do I find more of these positions<\/div>\n<\/div>\n<\/div>\n
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\n
so this is some filter criteria that I<\/div>\n<\/div>\n<\/div>\n
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use and volume greater than 3 million of<\/div>\n<\/div>\n<\/div>\n
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15 percent on the day or vol greater<\/div>\n<\/div>\n<\/div>\n
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than 3 between one and a hundred and<\/div>\n<\/div>\n<\/div>\n
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greater than or equal to dailyvee womp<\/div>\n<\/div>\n<\/div>\n
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so the point of this code is to only<\/div>\n<\/div>\n<\/div>\n
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show me the most in play names that or<\/div>\n<\/div>\n<\/div>\n
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at or above their dailyvee WAP this<\/div>\n<\/div>\n<\/div>\n
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often only has a handful of stocks most<\/div>\n<\/div>\n<\/div>\n
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on the list and that’s something I<\/div>\n<\/div>\n<\/div>\n
\n
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prefer as opposed to looking at<\/div>\n<\/div>\n<\/div>\n
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something you know in the middle of the<\/div>\n<\/div>\n<\/div>\n
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day like a top gainer list and filtering<\/div>\n<\/div>\n<\/div>\n
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through the fluff you know filtering<\/div>\n<\/div>\n<\/div>\n
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through 30 40 stocks you really want to<\/div>\n<\/div>\n<\/div>\n
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be handed the stocks that you should be<\/div>\n<\/div>\n<\/div>\n
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focusing on in on a golden platter and<\/div>\n<\/div>\n<\/div>\n
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something I’m also working on is a<\/div>\n<\/div>\n<\/div>\n
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\n
consolidation script that I can add to<\/div>\n<\/div>\n<\/div>\n
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this so I can do a little bit better<\/div>\n<\/div>\n<\/div>\n
\n
\n
with connecting with guys on the desk<\/div>\n<\/div>\n<\/div>\n
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\n
and the class above me who focus on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup and look for it every day even if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a little bit different you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s guys who focus on you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
similar play<\/div>\n<\/div>\n<\/div>\n
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\n
set alerts on in play names nearly<\/div>\n<\/div>\n<\/div>\n
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\n
reconsolidation breaks and it needs to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be early enough for you to get involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can’t set them at the breakout or<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown as that’s too late I see a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of people doing it it’s something I used<\/div>\n<\/div>\n<\/div>\n
\n
\n
to do you would set it at that breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
point and then you know you pull it up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s too late so you got to set it<\/div>\n<\/div>\n<\/div>\n
\n
\n
before sometimes multiple Big Dawg<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidations are taking place at once<\/div>\n<\/div>\n<\/div>\n
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set by higher and sell lower limits of<\/div>\n<\/div>\n<\/div>\n
\n
\n
course to get involved at the breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown zone the best at the firm use<\/div>\n<\/div>\n<\/div>\n
\n
\n
tech to help them to get you know do<\/div>\n<\/div>\n<\/div>\n
\n
\n
more you can’t you only have two eyes so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if multiple setups you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether they’re a big dog or momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
plays or setting up you know you want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
use tech to really help you out to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved because you need to be involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of the best Big Dawg consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaks are also breaking out on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
daily i screen for these and i can<\/div>\n<\/div>\n<\/div>\n
\n
\n
continue to screen for these at night<\/div>\n<\/div>\n<\/div>\n
\n
\n
with Finn vis so that’s a free tool that<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone can use continue to do this and<\/div>\n<\/div>\n<\/div>\n
\n
\n
set better alerts on them and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
really it yeah that’s a really good way<\/div>\n<\/div>\n<\/div>\n
\n
\n
to key up trades for the next day when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re seeing those breakouts on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
daily charts particularly in a market<\/div>\n<\/div>\n<\/div>\n
\n
\n
like we’re in right now where lots of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the lungs are working hey go ahead and<\/div>\n<\/div>\n<\/div>\n
\n
\n
click our subscribe button so you don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
miss any of the videos they were<\/div>\n<\/div>\n<\/div>\n
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producing for you in the trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
community and please take the time to<\/div>\n<\/div>\n<\/div>\n
\n
\n
add your feedback in the comment section<\/div>\n<\/div>\n<\/div>\n
\n
\n
for what videos you’d like for us to<\/div>\n<\/div>\n<\/div>\n
\n
\n
produce next and once you’ve found<\/div>\n<\/div>\n<\/div>\n
\n
\n
helpful from this video from all of us<\/div>\n<\/div>\n<\/div>\n
\n
\n
at SMB train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\"\"<\/a><\/p>\n

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

Trading 101: Know the trade you are actually taking. In this video a promising new trader on the desk describes in step by step detail an excellent trade he made. There was just one problem. It was not the trade he thought he took. Let\u2019s get to work on correcting this rookie trading mistake so some of you don\u2019t lose … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":49993,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49991","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nTrading 101: Know the trade you are actually taking | 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\/trading-101-know-the-trade-you-are-actually-taking\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading 101: Know the trade you are actually taking | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Trading 101: Know the trade you are actually taking. In this video a promising new trader on the desk describes in step by step detail an excellent trade he made. There was just one problem. It was not the trade he thought he took. Let\u2019s get to work on correcting this rookie trading mistake so some of you don\u2019t lose ... 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In this video a promising new trader on the desk describes in step by step detail an excellent trade he made. There was just one problem. It was not the trade he thought he took. Let\u2019s get to work on correcting this rookie trading mistake so some of you don\u2019t lose ... 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