{"id":50098,"date":"2020-09-02T11:13:00","date_gmt":"2020-09-02T15:13:00","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50098"},"modified":"2020-09-02T11:13:00","modified_gmt":"2020-09-02T15:13:00","slug":"teaching-a-prop-trader-secrets-on-technical-analysis-that-you-will-not-find-anywhere-else","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/teaching-a-prop-trader-secrets-on-technical-analysis-that-you-will-not-find-anywhere-else","title":{"rendered":"Teaching a prop trader secrets on technical analysis (that you will not find anywhere else)"},"content":{"rendered":"

In this video, watch Mike Bellafiore teach a prop trader secrets on technical analysis, that you will not find anywhere else. Mike works one-on-one with a trader teaching him technical analysis secrets to make a winning technical trade. Let\u2019s get to work on sharing these important trading lessons so you can grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video watch me teach a prop<\/div>\n<\/div>\n<\/div>\n
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trader secrets<\/div>\n<\/div>\n<\/div>\n
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on technical analysis that you will not<\/div>\n<\/div>\n<\/div>\n
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find anywhere else<\/div>\n<\/div>\n<\/div>\n
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hi i’m mike bellafiore co-founder of smb<\/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<\/div>\n<\/div>\n<\/div>\n
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and 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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in this video i work one-on-one with the<\/div>\n<\/div>\n<\/div>\n
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trader teaching him<\/div>\n<\/div>\n<\/div>\n
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technical analysis secrets to make a<\/div>\n<\/div>\n<\/div>\n
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winning<\/div>\n<\/div>\n<\/div>\n
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technical trade let’s get to work on<\/div>\n<\/div>\n<\/div>\n
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sharing these important<\/div>\n<\/div>\n<\/div>\n
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trading lessons so you can grow your<\/div>\n<\/div>\n<\/div>\n
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trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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okay so this is a flag break across<\/div>\n<\/div>\n<\/div>\n
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multiple time frames that’s setting up<\/div>\n<\/div>\n<\/div>\n
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on the 1<\/div>\n<\/div>\n<\/div>\n
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5 15 minute there’s a daily flag that’s<\/div>\n<\/div>\n<\/div>\n
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taking place<\/div>\n<\/div>\n<\/div>\n
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it’s in a hot sector and the goal is to<\/div>\n<\/div>\n<\/div>\n
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be swinging half of this<\/div>\n<\/div>\n<\/div>\n
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it’s on nio in the ev sector and this is<\/div>\n<\/div>\n<\/div>\n
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taking place on 8 24<\/div>\n<\/div>\n<\/div>\n
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2020 to 8 26 2020<\/div>\n<\/div>\n<\/div>\n
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so game planning there are two positions<\/div>\n<\/div>\n<\/div>\n
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to take on this<\/div>\n<\/div>\n<\/div>\n
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and the first is taking the day one flag<\/div>\n<\/div>\n<\/div>\n
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that we will go over<\/div>\n<\/div>\n<\/div>\n
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that is a 1 5 15 minute multiple time<\/div>\n<\/div>\n<\/div>\n
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frame flag<\/div>\n<\/div>\n<\/div>\n
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that’s holding up holding above key<\/div>\n<\/div>\n<\/div>\n
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daily resistance that has now become<\/div>\n<\/div>\n<\/div>\n
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support at 1460 and the goal for this is<\/div>\n<\/div>\n<\/div>\n
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as soon as it begins to work because we<\/div>\n<\/div>\n<\/div>\n
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have that bigger idea in mind<\/div>\n<\/div>\n<\/div>\n
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is to send half of it to the swing<\/div>\n<\/div>\n<\/div>\n
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account and use the other half on the<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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to create some cash flow behind it so<\/div>\n<\/div>\n<\/div>\n
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this multiple time frame flag<\/div>\n<\/div>\n<\/div>\n
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is actually an a plus set up for me<\/div>\n<\/div>\n<\/div>\n
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but the swing portion of it is something<\/div>\n<\/div>\n<\/div>\n
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that i’m working into my playbook<\/div>\n<\/div>\n<\/div>\n
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it’s common on our desk for traders to<\/div>\n<\/div>\n<\/div>\n
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have a day trading account<\/div>\n<\/div>\n<\/div>\n
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and also a swing account and what’s<\/div>\n<\/div>\n<\/div>\n
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helpful to a lot of the traders is them<\/div>\n<\/div>\n<\/div>\n
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for them to day trade in their day<\/div>\n<\/div>\n<\/div>\n
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trading account<\/div>\n<\/div>\n<\/div>\n
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and then take their swing trades and put<\/div>\n<\/div>\n<\/div>\n
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them in another account<\/div>\n<\/div>\n<\/div>\n
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so they’re not watching tick by tick<\/div>\n<\/div>\n<\/div>\n
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like they are for their day trading<\/div>\n<\/div>\n<\/div>\n
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account<\/div>\n<\/div>\n<\/div>\n
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and they’re trading that swing trade<\/div>\n<\/div>\n<\/div>\n
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differently uniquely with its own set of<\/div>\n<\/div>\n<\/div>\n
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entries and exits and variables<\/div>\n<\/div>\n<\/div>\n
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and also easier for them to<\/div>\n<\/div>\n<\/div>\n
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keep stats in this separate account<\/div>\n<\/div>\n<\/div>\n
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for their swing trades and it could be<\/div>\n<\/div>\n<\/div>\n
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entirely possible that you’re<\/div>\n<\/div>\n<\/div>\n
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really good at day trading but not so<\/div>\n<\/div>\n<\/div>\n
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good at swing trading it can be entirely<\/div>\n<\/div>\n<\/div>\n
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probable that maybe you’re not a good<\/div>\n<\/div>\n<\/div>\n
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day trader but you’re really good in<\/div>\n<\/div>\n<\/div>\n
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your swing trading<\/div>\n<\/div>\n<\/div>\n
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maybe it’s the case that for a lot of<\/div>\n<\/div>\n<\/div>\n
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guys you’re you’re good at both<\/div>\n<\/div>\n<\/div>\n
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and your day trades are really setting<\/div>\n<\/div>\n<\/div>\n
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up<\/div>\n<\/div>\n<\/div>\n
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awesome opportunities for swing trades<\/div>\n<\/div>\n<\/div>\n
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that you want to capitalize on<\/div>\n<\/div>\n<\/div>\n
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the second position comes on day two and<\/div>\n<\/div>\n<\/div>\n
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it is also that same<\/div>\n<\/div>\n<\/div>\n
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one five 15-minute multiple time frame<\/div>\n<\/div>\n<\/div>\n
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flag that<\/div>\n<\/div>\n<\/div>\n
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is an a-plus setup for me and again the<\/div>\n<\/div>\n<\/div>\n
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only difference between this day two<\/div>\n<\/div>\n<\/div>\n
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setup<\/div>\n<\/div>\n<\/div>\n
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is that it’s taking place right at the<\/div>\n<\/div>\n<\/div>\n
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open and again this is something i’m<\/div>\n<\/div>\n<\/div>\n
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developing<\/div>\n<\/div>\n<\/div>\n
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into my playbook i’m one who<\/div>\n<\/div>\n<\/div>\n
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in the past has sit out typically the<\/div>\n<\/div>\n<\/div>\n
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first 15 to 30 minutes<\/div>\n<\/div>\n<\/div>\n
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but if there’s these bigger ideas in<\/div>\n<\/div>\n<\/div>\n
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mind where you might never get those<\/div>\n<\/div>\n<\/div>\n
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prices again<\/div>\n<\/div>\n<\/div>\n
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and you’re playing for that you know<\/div>\n<\/div>\n<\/div>\n
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bigger idea<\/div>\n<\/div>\n<\/div>\n
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sometimes if that setup comes around you<\/div>\n<\/div>\n<\/div>\n
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have no other option but to take it<\/div>\n<\/div>\n<\/div>\n
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right at the open<\/div>\n<\/div>\n<\/div>\n
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so that’s kind of what i’m working on<\/div>\n<\/div>\n<\/div>\n
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right now it might only happen for me<\/div>\n<\/div>\n<\/div>\n
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you know a few times per month but still<\/div>\n<\/div>\n<\/div>\n
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something really good to have in your<\/div>\n<\/div>\n<\/div>\n
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arsenal and<\/div>\n<\/div>\n<\/div>\n
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again we still have half in our swing<\/div>\n<\/div>\n<\/div>\n
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account and we do the same thing with<\/div>\n<\/div>\n<\/div>\n
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this position<\/div>\n<\/div>\n<\/div>\n
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we send half of this into our swing<\/div>\n<\/div>\n<\/div>\n
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account and use the other half on the<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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to create some cash flow so basically<\/div>\n<\/div>\n<\/div>\n
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they’re the same setup with the same<\/div>\n<\/div>\n<\/div>\n
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idea in mind<\/div>\n<\/div>\n<\/div>\n
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and you know sticking half of it into<\/div>\n<\/div>\n<\/div>\n
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your swing account<\/div>\n<\/div>\n<\/div>\n
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and we have some really good prices vix<\/div>\n<\/div>\n<\/div>\n
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you know the volatility index the<\/div>\n<\/div>\n<\/div>\n
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opening print was 22<\/div>\n<\/div>\n<\/div>\n
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and if this wasn’t more of a sector play<\/div>\n<\/div>\n<\/div>\n
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evie it is<\/div>\n<\/div>\n<\/div>\n
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um with a big daily breakout volatility<\/div>\n<\/div>\n<\/div>\n
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being<\/div>\n<\/div>\n<\/div>\n
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being relatively low compared to prior<\/div>\n<\/div>\n<\/div>\n
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months is something to really take note<\/div>\n<\/div>\n<\/div>\n
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of<\/div>\n<\/div>\n<\/div>\n
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um this month i have been quicker to<\/div>\n<\/div>\n<\/div>\n
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take off some risk at the first turn<\/div>\n<\/div>\n<\/div>\n
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i see because of volatility being a<\/div>\n<\/div>\n<\/div>\n
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little bit lower and you know moves not<\/div>\n<\/div>\n<\/div>\n
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showing continuation all the time but<\/div>\n<\/div>\n<\/div>\n
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again this is a very hot sector<\/div>\n<\/div>\n<\/div>\n
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it’s a big daily breakout there’s a lot<\/div>\n<\/div>\n<\/div>\n
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of volume behind it<\/div>\n<\/div>\n<\/div>\n
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so it’s a little bit different yeah but<\/div>\n<\/div>\n<\/div>\n
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kyle<\/div>\n<\/div>\n<\/div>\n
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22 vix is still higher than<\/div>\n<\/div>\n<\/div>\n
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it’s been for most of the last six years<\/div>\n<\/div>\n<\/div>\n
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you know we were between<\/div>\n<\/div>\n<\/div>\n
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12 and 15 for most of the last five<\/div>\n<\/div>\n<\/div>\n
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years so<\/div>\n<\/div>\n<\/div>\n
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while volatility is 22 which is a little<\/div>\n<\/div>\n<\/div>\n
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bit lower than it has been of late<\/div>\n<\/div>\n<\/div>\n
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overall it’s still pretty high yeah<\/div>\n<\/div>\n<\/div>\n
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correct<\/div>\n<\/div>\n<\/div>\n
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relative to the last couple months we’re<\/div>\n<\/div>\n<\/div>\n
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not getting those<\/div>\n<\/div>\n<\/div>\n
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big time moves all the time maybe<\/div>\n<\/div>\n<\/div>\n
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there’s less opportunity or less<\/div>\n<\/div>\n<\/div>\n
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you know positions that we’re getting<\/div>\n<\/div>\n<\/div>\n
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those moves but still volatility<\/div>\n<\/div>\n<\/div>\n
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over the last few years we really can’t<\/div>\n<\/div>\n<\/div>\n
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complain about it<\/div>\n<\/div>\n<\/div>\n
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yeah and i love you putting in what<\/div>\n<\/div>\n<\/div>\n
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volatility was<\/div>\n<\/div>\n<\/div>\n
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in your playbook that’s an excellent<\/div>\n<\/div>\n<\/div>\n
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addition<\/div>\n<\/div>\n<\/div>\n
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and i like how you’re pointing out that<\/div>\n<\/div>\n<\/div>\n
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this is in a really really hot sector<\/div>\n<\/div>\n<\/div>\n
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which may override what volatility is<\/div>\n<\/div>\n<\/div>\n
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overall for our reading so<\/div>\n<\/div>\n<\/div>\n
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vixx could be 17<\/div>\n<\/div>\n<\/div>\n
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it could be 15 but because this is in a<\/div>\n<\/div>\n<\/div>\n
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really hot sector<\/div>\n<\/div>\n<\/div>\n
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the ev space we could still have<\/div>\n<\/div>\n<\/div>\n
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lots of movement more movement volatile<\/div>\n<\/div>\n<\/div>\n
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movements<\/div>\n<\/div>\n<\/div>\n
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could still follow through better<\/div>\n<\/div>\n<\/div>\n
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than a large cap stock and the reason<\/div>\n<\/div>\n<\/div>\n
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why we’re<\/div>\n<\/div>\n<\/div>\n
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putting volatility in at the beginning<\/div>\n<\/div>\n<\/div>\n
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of this particular trade<\/div>\n<\/div>\n<\/div>\n
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is to see how we’re doing when<\/div>\n<\/div>\n<\/div>\n
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volatility<\/div>\n<\/div>\n<\/div>\n
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is at certain levels when volatility is<\/div>\n<\/div>\n<\/div>\n
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between 12 and 15<\/div>\n<\/div>\n<\/div>\n
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trading is going to be different than<\/div>\n<\/div>\n<\/div>\n
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when volatility is<\/div>\n<\/div>\n<\/div>\n
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25 and above correct and because of that<\/div>\n<\/div>\n<\/div>\n
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um i think it’s important to know where<\/div>\n<\/div>\n<\/div>\n
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the leader is in the ev<\/div>\n<\/div>\n<\/div>\n
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sector and of course that is tesla um so<\/div>\n<\/div>\n<\/div>\n
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it’s important to have it on your radar<\/div>\n<\/div>\n<\/div>\n
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make sure you have it pulled up um when<\/div>\n<\/div>\n<\/div>\n
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some of these other ev names are<\/div>\n<\/div>\n<\/div>\n
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you know in place so it can be whatever<\/div>\n<\/div>\n<\/div>\n
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sector whatever the head of the snake is<\/div>\n<\/div>\n<\/div>\n
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you want to be keeping an eye on it<\/div>\n<\/div>\n<\/div>\n
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because in this case i would say<\/div>\n<\/div>\n<\/div>\n
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keeping an eye on tesla is almost more<\/div>\n<\/div>\n<\/div>\n
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important than you know<\/div>\n<\/div>\n<\/div>\n
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maybe what the overall market is doing<\/div>\n<\/div>\n<\/div>\n
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it’s good to have you know a good<\/div>\n<\/div>\n<\/div>\n
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reading of both though<\/div>\n<\/div>\n<\/div>\n
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completely agree in a hot sector what’s<\/div>\n<\/div>\n<\/div>\n
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the leading stock how’s the leading<\/div>\n<\/div>\n<\/div>\n
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stock doing<\/div>\n<\/div>\n<\/div>\n
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that’s going to be more important than<\/div>\n<\/div>\n<\/div>\n
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how the overall market is doing<\/div>\n<\/div>\n<\/div>\n
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excellent point you’re making and then<\/div>\n<\/div>\n<\/div>\n
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on day two<\/div>\n<\/div>\n<\/div>\n
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it pushed at the open this is tesla and<\/div>\n<\/div>\n<\/div>\n
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that may have helped<\/div>\n<\/div>\n<\/div>\n
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nio break out right at the open as well<\/div>\n<\/div>\n<\/div>\n
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kind of fuel that fire<\/div>\n<\/div>\n<\/div>\n
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and all that is is simply more<\/div>\n<\/div>\n<\/div>\n
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confirmation if you want to learn three<\/div>\n<\/div>\n<\/div>\n
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real world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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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<\/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<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re going to learn more<\/div>\n<\/div>\n<\/div>\n
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in a couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop than from<\/div>\n<\/div>\n<\/div>\n
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years of online education so the<\/div>\n<\/div>\n<\/div>\n
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fundamentals nio limited<\/div>\n<\/div>\n<\/div>\n
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um they design and develop high<\/div>\n<\/div>\n<\/div>\n
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performance electric vehicles<\/div>\n<\/div>\n<\/div>\n
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has been leading the pack in eevee<\/div>\n<\/div>\n<\/div>\n
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breaking out to new all-time highs and<\/div>\n<\/div>\n<\/div>\n
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has a split coming up at the end of the<\/div>\n<\/div>\n<\/div>\n
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month<\/div>\n<\/div>\n<\/div>\n
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very soon the next couple days um eevee<\/div>\n<\/div>\n<\/div>\n
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names are<\/div>\n<\/div>\n<\/div>\n
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certainly in play there’s a technical<\/div>\n<\/div>\n<\/div>\n
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setup<\/div>\n<\/div>\n<\/div>\n
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um it’s a daily flag it’s you know a<\/div>\n<\/div>\n<\/div>\n
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setup that i’m very comfortable with<\/div>\n<\/div>\n<\/div>\n
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and there’s eager people who miss tesla<\/div>\n<\/div>\n<\/div>\n
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looking for alternatives you know people<\/div>\n<\/div>\n<\/div>\n
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who really didn’t capture the meat of<\/div>\n<\/div>\n<\/div>\n
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the move on tesla they’re looking at<\/div>\n<\/div>\n<\/div>\n
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some of these alternatives<\/div>\n<\/div>\n<\/div>\n
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and we’re going to go over at the end<\/div>\n<\/div>\n<\/div>\n
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how to kind of scan for those or screen<\/div>\n<\/div>\n<\/div>\n
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for those at night<\/div>\n<\/div>\n<\/div>\n
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so it’s in a hot sector there’s a<\/div>\n<\/div>\n<\/div>\n
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technical breakout across multiple<\/div>\n<\/div>\n<\/div>\n
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multiple time frames high institutional<\/div>\n<\/div>\n<\/div>\n
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ownership<\/div>\n<\/div>\n<\/div>\n
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relatively high short flow and you know<\/div>\n<\/div>\n<\/div>\n
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that can<\/div>\n<\/div>\n<\/div>\n
\n
\n
equal fuel to the fire it doesn’t always<\/div>\n<\/div>\n<\/div>\n
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\n
need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know a simple independent news<\/div>\n<\/div>\n<\/div>\n
\n
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catalyst and we really didn’t<\/div>\n<\/div>\n<\/div>\n
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\n
from what i came across we really didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
have that on<\/div>\n<\/div>\n<\/div>\n
\n
\n
nioh what you mean by that is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there can be a technical breakout that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is the catalyst<\/div>\n<\/div>\n<\/div>\n
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\n
or or there can be a news catalyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
in of itself that can be the catalyst it<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t always have to be the news<\/div>\n<\/div>\n<\/div>\n
\n
\n
catalyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
for something to be super in play it can<\/div>\n<\/div>\n<\/div>\n
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\n
just be that there’s a lot of buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s come in<\/div>\n<\/div>\n<\/div>\n
\n
\n
our bowl is high volume is<\/div>\n<\/div>\n<\/div>\n
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\n
is high stock is<\/div>\n<\/div>\n<\/div>\n
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\n
is acting well intraday<\/div>\n<\/div>\n<\/div>\n
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\n
it’s holding above you up nicely it’s<\/div>\n<\/div>\n<\/div>\n
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\n
holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
its time frames really really solidly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that can get you to be interested in<\/div>\n<\/div>\n<\/div>\n
\n
\n
a particular stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so some statistics on nio the daily<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume is typically around 123 million<\/div>\n<\/div>\n<\/div>\n
\n
\n
areval this is current volume at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
time compared to its past<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the time of the reading it was 3.14<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the time of the positions<\/div>\n<\/div>\n<\/div>\n
\n
\n
these flag breaks it was a lot higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
than that i wasn’t able to capture it<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it was five plus<\/div>\n<\/div>\n<\/div>\n
\n
\n
for sure um atr 0.98<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of how far we can maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
expect a stock to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if of course if the arvol is<\/div>\n<\/div>\n<\/div>\n
\n
\n
elevated you know over one<\/div>\n<\/div>\n<\/div>\n
\n
\n
we might get multiple atrs short float<\/div>\n<\/div>\n<\/div>\n
\n
\n
12 relatively high it’s been growing so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we have some shorts who<\/div>\n<\/div>\n<\/div>\n
\n
\n
are underwater um the float is 838<\/div>\n<\/div>\n<\/div>\n
\n
\n
million it’s not a low float stock this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is something that you know you might be<\/div>\n<\/div>\n<\/div>\n
\n
\n
able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel pretty comfortable if you get some<\/div>\n<\/div>\n<\/div>\n
\n
\n
good prices holding this overnight<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutional ownership this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to note it’s relatively high<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 45 percent<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what this tells me is a lot of these<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutions from my understanding they<\/div>\n<\/div>\n<\/div>\n
\n
\n
play on bigger time frames<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger time horizons so if you see<\/div>\n<\/div>\n<\/div>\n
\n
\n
something maybe like a one minute flag<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking place<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if you zoom out to you know the five<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute the 15 minute the hourly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the daily maybe and it doesn’t look<\/div>\n<\/div>\n<\/div>\n
\n
\n
so hot it’s very overextended you want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be really careful<\/div>\n<\/div>\n<\/div>\n
\n
\n
at least from my experience to not<\/div>\n<\/div>\n<\/div>\n
\n
\n
really run after those<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know one minute breakouts and it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s all it really provides me with<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know there’s big money involved in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they might be looking at some bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
time frames than the typical person<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so we get into the daily and this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is something i’ve been stocking for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
last couple weeks it’s a very nice setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
of course in a very hot sector and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
have about a month of consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
we are building some higher lows but on<\/div>\n<\/div>\n<\/div>\n
\n
\n
relatively lower volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we’re getting ready for something<\/div>\n<\/div>\n<\/div>\n
\n
\n
special it’s built up<\/div>\n<\/div>\n<\/div>\n
\n
\n
we have longs and shorts duking it out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of what consolidation is<\/div>\n<\/div>\n<\/div>\n
\n
\n
all about<\/div>\n<\/div>\n<\/div>\n
\n
\n
we have you know we have bulls and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
have bears fighting it out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and one side is going to win it’s either<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be a breakout or a breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of the timing point<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s where you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
things get pretty exciting and we could<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of see that we have this high<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume day<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this breakdown down below i show it<\/div>\n<\/div>\n<\/div>\n
\n
\n
with shorts thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey maybe this is the top they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting involved and they’re risking off<\/div>\n<\/div>\n<\/div>\n
\n
\n
this high<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know there’s a good possibility some<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger time frame players maybe took<\/div>\n<\/div>\n<\/div>\n
\n
\n
this breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they’re risking off this high so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if we consolidate build some<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher lows and then break over that<\/div>\n<\/div>\n<\/div>\n
\n
\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
well a lot of them are going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
cutting you know they’re going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
forced to pay up we’re going to have a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot of longs looking at this getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved as well we see an increase in<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume starting to come in when we do<\/div>\n<\/div>\n<\/div>\n
\n
\n
build some higher lows and when we break<\/div>\n<\/div>\n<\/div>\n
\n
\n
out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and when we get above 1469<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day prior this level right here and<\/div>\n<\/div>\n<\/div>\n
\n
\n
hold up the 9 ema that green line<\/div>\n<\/div>\n<\/div>\n
\n
\n
is creeping underneath showing this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
not as extended as you know maybe some<\/div>\n<\/div>\n<\/div>\n
\n
\n
people think and again there’s a high<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutional ownership behind it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i use a 90ma as a reference point<\/div>\n<\/div>\n<\/div>\n
\n
\n
across multiple time frames to determine<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether or not something needs to first<\/div>\n<\/div>\n<\/div>\n
\n
\n
reset itself<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i also like that the previous day<\/div>\n<\/div>\n<\/div>\n
\n
\n
low at 1362<\/div>\n<\/div>\n<\/div>\n
\n
\n
right here and right here is only about<\/div>\n<\/div>\n<\/div>\n
\n
\n
a dollar<\/div>\n<\/div>\n<\/div>\n
\n
\n
away so many bigger time frame players<\/div>\n<\/div>\n<\/div>\n
\n
\n
will risk off this you know the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
day low and because it is so close<\/div>\n<\/div>\n<\/div>\n
\n
\n
the risk to reward makes sense for them<\/div>\n<\/div>\n<\/div>\n
\n
\n
to participate so there’s going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
more market participants<\/div>\n<\/div>\n<\/div>\n
\n
\n
when this does break out that’ll bring<\/div>\n<\/div>\n<\/div>\n
\n
\n
in more volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
more people are looking at it that’s all<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it is important good wedge pattern<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the daily chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
it does a nice job holding over the nine<\/div>\n<\/div>\n<\/div>\n
\n
\n
ema which you’re looking at you know it<\/div>\n<\/div>\n<\/div>\n
\n
\n
gives you<\/div>\n<\/div>\n<\/div>\n
\n
\n
a gives you a really tight<\/div>\n<\/div>\n<\/div>\n
\n
\n
area that you can see who the winners<\/div>\n<\/div>\n<\/div>\n
\n
\n
or who the losers are for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade and the other thing i like is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that what’s the ema doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s heading higher yeah it’s sloping up<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that’s a bull sign okay so this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the five minute and the 15 minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
on day one of this breakout we’re gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that there’s kind of that opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
push<\/div>\n<\/div>\n<\/div>\n
\n
\n
again for the most part i’m sitting out<\/div>\n<\/div>\n<\/div>\n
\n
\n
that especially when it’s not very clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
it breaks out you know you could get<\/div>\n<\/div>\n<\/div>\n
\n
\n
some type of momentum play in there<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s not really me<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s pretty hard to fight for price<\/div>\n<\/div>\n<\/div>\n
\n
\n
there we pull back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i know quite quite a few people who<\/div>\n<\/div>\n<\/div>\n
\n
\n
are buying these dips<\/div>\n<\/div>\n<\/div>\n
\n
\n
one thing that strikes me as<\/div>\n<\/div>\n<\/div>\n
\n
\n
should be next or should have come<\/div>\n<\/div>\n<\/div>\n
\n
\n
before<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe you’re going to talk about a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit later is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a chart of how tesla has done<\/div>\n<\/div>\n<\/div>\n
\n
\n
recently you know so we’re saying<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tesla’s been really strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s been it’s been super strong we’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
said<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ve said hey there’s been this this<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of weird catalyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the stock is going to split tesla’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to split it’s going to split<\/div>\n<\/div>\n<\/div>\n
\n
\n
august 31st and it’s run up<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bunch since they announced that it<\/div>\n<\/div>\n<\/div>\n
\n
\n
hasn’t just been strong and hasn’t just<\/div>\n<\/div>\n<\/div>\n
\n
\n
run<\/div>\n<\/div>\n<\/div>\n
\n
\n
up i mean it’s it’s vertical it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s i don’t want to say it’s parabolic<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it’s near parabolic i mean it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s been unusually strong unusually<\/div>\n<\/div>\n<\/div>\n
\n
\n
steep to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
and to get a picture of that next to neo<\/div>\n<\/div>\n<\/div>\n
\n
\n
strikes me as i love your logic which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the people that miss tesla may seek<\/div>\n<\/div>\n<\/div>\n
\n
\n
second and third tier stocks to<\/div>\n<\/div>\n<\/div>\n
\n
\n
add exposure to the ev sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
perfect sense spot on 100 correct<\/div>\n<\/div>\n<\/div>\n
\n
\n
great thinking and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
to have that picture of how much tesla<\/div>\n<\/div>\n<\/div>\n
\n
\n
has run<\/div>\n<\/div>\n<\/div>\n
\n
\n
up and for you to include that on your<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
places in your mind when that does break<\/div>\n<\/div>\n<\/div>\n
\n
\n
out<\/div>\n<\/div>\n<\/div>\n
\n
\n
when it’s holding up on the 1-5 the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 30-minute charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever it is that you use for multiple<\/div>\n<\/div>\n<\/div>\n
\n
\n
time frames and here you’re using the<\/div>\n<\/div>\n<\/div>\n
\n
\n
one the 5 the 15.<\/div>\n<\/div>\n<\/div>\n
\n
\n
other people may expand that to the 30<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe to the 60 minute there’s no right<\/div>\n<\/div>\n<\/div>\n
\n
\n
answer to that it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a personal preference that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to make me<\/div>\n<\/div>\n<\/div>\n
\n
\n
way more way more optimistic<\/div>\n<\/div>\n<\/div>\n
\n
\n
that if i see something holding up the<\/div>\n<\/div>\n<\/div>\n
\n
\n
one the five the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
then i ought to buy it and it’s going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
work because of what<\/div>\n<\/div>\n<\/div>\n
\n
\n
because of how how well tesla traded<\/div>\n<\/div>\n<\/div>\n
\n
\n
because of how steep it is<\/div>\n<\/div>\n<\/div>\n
\n
\n
and to be specific about what that<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
does that make sense yeah i’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely add that down the road and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next idea that’s similar<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so i’m taking the flag break at<\/div>\n<\/div>\n<\/div>\n
\n
\n
1471 with risk off 1464.<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is an a plus setup for me again<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s that 1 5<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minute it’s a little bit extended on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the hourly and that is something i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but this is a pretty good setup for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is an a quality setup and it’s also<\/div>\n<\/div>\n<\/div>\n
\n
\n
above key daily resistance at 1460.<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was kind of that line in the sand we<\/div>\n<\/div>\n<\/div>\n
\n
\n
could kind of see we broke down from<\/div>\n<\/div>\n<\/div>\n
\n
\n
there earlier<\/div>\n<\/div>\n<\/div>\n
\n
\n
we got back above you know quite a few<\/div>\n<\/div>\n<\/div>\n
\n
\n
people are underwater<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that you know that daily resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
has now become new support and it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding quite nicely<\/div>\n<\/div>\n<\/div>\n
\n
\n
so nice tight risk that we’re able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
take on this and you know i’m fine with<\/div>\n<\/div>\n<\/div>\n
\n
\n
hitting out of this<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it doesn’t want to work out right<\/div>\n<\/div>\n<\/div>\n
\n
\n
there maybe it works out later<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you can see that the goal is to sell<\/div>\n<\/div>\n<\/div>\n
\n
\n
one-third<\/div>\n<\/div>\n<\/div>\n
\n
\n
of half of my position on the first turn<\/div>\n<\/div>\n<\/div>\n
\n
\n
um that’s something again i’ve been<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing a lot this month i’ve been<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty aggressive with taking profits<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’s helped out this month to<\/div>\n<\/div>\n<\/div>\n
\n
\n
say the least<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the other half of this position is<\/div>\n<\/div>\n<\/div>\n
\n
\n
going into that swing account<\/div>\n<\/div>\n<\/div>\n
\n
\n
with that bigger idea in mind again it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
in a hot sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
tesla is squeezing the living daylight<\/div>\n<\/div>\n<\/div>\n
\n
\n
out of everyone short the splits coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
up<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s breaking out on the daily you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is a really nice setup and it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding up into the close<\/div>\n<\/div>\n<\/div>\n
\n
\n
so throw half into that swing account um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we could bring down that risk to<\/div>\n<\/div>\n<\/div>\n
\n
\n
1460 because it is that key level<\/div>\n<\/div>\n<\/div>\n
\n
\n
um that’s taking place on the daily<\/div>\n<\/div>\n<\/div>\n
\n
\n
so then sell the last two thirds prior<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 350 when this breakout stops<\/div>\n<\/div>\n<\/div>\n
\n
\n
um again holding the other half in my<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing account with risk off<\/div>\n<\/div>\n<\/div>\n
\n
\n
1459. so kind of right before that<\/div>\n<\/div>\n<\/div>\n
\n
\n
or right before that market imbalance i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think it was a selling balance on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
day<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you know just get out of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
position it has this breakout it’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
really showing continuation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and again we’re still holding half in<\/div>\n<\/div>\n<\/div>\n
\n
\n
that swing account<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so you know get out of the remainder<\/div>\n<\/div>\n<\/div>\n
\n
\n
position that we’re holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
so then day two comes around and this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the setup that i’m kind of working into<\/div>\n<\/div>\n<\/div>\n
\n
\n
my playbook because of the time of day<\/div>\n<\/div>\n<\/div>\n
\n
\n
it happens at<\/div>\n<\/div>\n<\/div>\n
\n
\n
so take the flag break at 15 17. it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i was taking a look at but i<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
sat it out with risk off 1502<\/div>\n<\/div>\n<\/div>\n
\n
\n
throw half into the swing account once<\/div>\n<\/div>\n<\/div>\n
\n
\n
it opens up again we have<\/div>\n<\/div>\n<\/div>\n
\n
\n
really good prices so we have half from<\/div>\n<\/div>\n<\/div>\n
\n
\n
yesterday and now half from today<\/div>\n<\/div>\n<\/div>\n
\n
\n
in that swing account from some really<\/div>\n<\/div>\n<\/div>\n
\n
\n
good prices and there’s a good<\/div>\n<\/div>\n<\/div>\n
\n
\n
possibility that we’ll never<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know in the next few days or at<\/div>\n<\/div>\n<\/div>\n
\n
\n
least on this day we won’t see those<\/div>\n<\/div>\n<\/div>\n
\n
\n
prices again<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so the half that i’m using on the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to be piecing out on every reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
to sell<\/div>\n<\/div>\n<\/div>\n
\n
\n
um usually i’m selling a third or a<\/div>\n<\/div>\n<\/div>\n
\n
\n
quarter<\/div>\n<\/div>\n<\/div>\n
\n
\n
and now i have half from yesterday and a<\/div>\n<\/div>\n<\/div>\n
\n
\n
half from today in that swing account<\/div>\n<\/div>\n<\/div>\n
\n
\n
with around a 1493 cost basis<\/div>\n<\/div>\n<\/div>\n
\n
\n
um some really good prices this is where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
some some may argue that this is not the<\/div>\n<\/div>\n<\/div>\n
\n
\n
right move and you know everybody has a<\/div>\n<\/div>\n<\/div>\n
\n
\n
different time horizon and this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i’m working on<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but i think when we break down from<\/div>\n<\/div>\n<\/div>\n
\n
\n
this five minute low we put in a lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
high and we’re starting to get heavy<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and some volume comes in to sell half<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the swing position on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation break<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the rest of this ring position is<\/div>\n<\/div>\n<\/div>\n
\n
\n
with risk off 1640<\/div>\n<\/div>\n<\/div>\n
\n
\n
um this kind of low right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is a big two-point move it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
two atrs i think the atr like i said was<\/div>\n<\/div>\n<\/div>\n
\n
\n
98 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is basically a two atr move or<\/div>\n<\/div>\n<\/div>\n
\n
\n
so<\/div>\n<\/div>\n<\/div>\n
\n
\n
and again we had some nice size on it<\/div>\n<\/div>\n<\/div>\n
\n
\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we got some really good prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
we fought for price and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we weren’t risking a whole lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is a relatively big move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s nothing wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
with locking in some maybe i don’t have<\/div>\n<\/div>\n<\/div>\n
\n
\n
to lock in a half but you know that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i’m gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
work the kinks out of down the road and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then this is day three<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we could kind of see we’re forming<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher lows here from i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
from day two and then in pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
hours we kind of retest that level we<\/div>\n<\/div>\n<\/div>\n
\n
\n
retest it at the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we kind of get above 20 and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know that is a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
important level it’s a whole dollar and<\/div>\n<\/div>\n<\/div>\n
\n
\n
we kind of have this big slam<\/div>\n<\/div>\n<\/div>\n
\n
\n
down and then you could kind of think<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay we get this big slam down but we<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of hold up so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know maybe this gets a lot of shorts<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved and maybe we could reclaim an<\/div>\n<\/div>\n<\/div>\n
\n
\n
after hours and break out<\/div>\n<\/div>\n<\/div>\n
\n
\n
but instead we break down and<\/div>\n<\/div>\n<\/div>\n
\n
\n
so and the the goal is to sell all of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this when we break these higher lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s basically a five-point move i<\/div>\n<\/div>\n<\/div>\n
\n
\n
captured on relatively nice size<\/div>\n<\/div>\n<\/div>\n
\n
\n
due to you know pretty tight stops the<\/div>\n<\/div>\n<\/div>\n
\n
\n
first position had a seven<\/div>\n<\/div>\n<\/div>\n
\n
\n
cent risk um when getting involved and<\/div>\n<\/div>\n<\/div>\n
\n
\n
risking seven cents initially to capture<\/div>\n<\/div>\n<\/div>\n
\n
\n
five points<\/div>\n<\/div>\n<\/div>\n
\n
\n
on a good portion of the position is you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know nothing to complain about<\/div>\n<\/div>\n<\/div>\n
\n
\n
so these are the variables of this setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s in a hot sector you really couldn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
ask for a better one right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ev sector tesla not only at all-time<\/div>\n<\/div>\n<\/div>\n
\n
\n
highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
not only does it have that split coming<\/div>\n<\/div>\n<\/div>\n
\n
\n
up at the end of the month but it<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s squeezing out everyone and a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
people miss the move on the long side<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so we’re in you know one of the best<\/div>\n<\/div>\n<\/div>\n
\n
\n
sectors with one of the best<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know leaders in the space right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
are of all greater than three it had<\/div>\n<\/div>\n<\/div>\n
\n
\n
that daily flag breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
it also had flags throughout the day um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s something i’m very<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable with<\/div>\n<\/div>\n<\/div>\n
\n
\n
um there’s a playbook set up on day one<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m working on day two with this<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook<\/div>\n<\/div>\n<\/div>\n
\n
\n
plenty of liquidity tight one one cent<\/div>\n<\/div>\n<\/div>\n
\n
\n
spread<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i think this is kind of a quote from<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of your books bella<\/div>\n<\/div>\n<\/div>\n
\n
\n
where somebody talks about there are<\/div>\n<\/div>\n<\/div>\n
\n
\n
those spots where you know if you want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to buy unlimited<\/div>\n<\/div>\n<\/div>\n
\n
\n
um this is you know one of those names<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you could almost buy unlimited you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
insane volume you know good story behind<\/div>\n<\/div>\n<\/div>\n
\n
\n
it<\/div>\n<\/div>\n<\/div>\n
\n
\n
setting up on the daily setting up on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day you know you can get in and out<\/div>\n<\/div>\n<\/div>\n
\n
\n
exactly where you want on this name<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume moves in at both timing points<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirming thesis<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a clear level where i’m wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s really important for<\/div>\n<\/div>\n<\/div>\n
\n
\n
my style i need to know exactly where<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m wrong and<\/div>\n<\/div>\n<\/div>\n
\n
\n
if i want to put a hard stop there i can<\/div>\n<\/div>\n<\/div>\n
\n
\n
put a hard stop and i can move out of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the way and then reset<\/div>\n<\/div>\n<\/div>\n
\n
\n
and on both of these positions it had<\/div>\n<\/div>\n<\/div>\n
\n
\n
exactly that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a clear level this is also<\/div>\n<\/div>\n<\/div>\n
\n
\n
important to the thesis and the context<\/div>\n<\/div>\n<\/div>\n
\n
\n
behind it of where early longs have<\/div>\n<\/div>\n<\/div>\n
\n
\n
stopped out<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know where maybe some people from<\/div>\n<\/div>\n<\/div>\n
\n
\n
the retail point of view or you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
even other people as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe ran after the name and then you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know bought it a little bit too high and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then it pulled back in they had to stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
out so there’s less overhead from<\/div>\n<\/div>\n<\/div>\n
\n
\n
those longs and then also knowing where<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorts are stuck<\/div>\n<\/div>\n<\/div>\n
\n
\n
across multiple time frames and where<\/div>\n<\/div>\n<\/div>\n
\n
\n
they are risking it and where they are<\/div>\n<\/div>\n<\/div>\n
\n
\n
risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that timing point where i want to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting involved because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you should see immediate resolution and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you should see it you know push away<\/div>\n<\/div>\n<\/div>\n
\n
\n
from that price rather quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’ll keep you know your mae<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty low so you know if you go in<\/div>\n<\/div>\n<\/div>\n
\n
\n
risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
on one of these flag breaks and it works<\/div>\n<\/div>\n<\/div>\n
\n
\n
right away you really shouldn’t go down<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the name a whole lot if any and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is important to my style<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and i’ll just share that one of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders<\/div>\n<\/div>\n<\/div>\n
\n
\n
you talked about liquidity that there<\/div>\n<\/div>\n<\/div>\n
\n
\n
being plenty of liquidity<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of the traders at the firm was<\/div>\n<\/div>\n<\/div>\n
\n
\n
long more than 300 000 shares just to<\/div>\n<\/div>\n<\/div>\n
\n
\n
sort of use a number<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and just to give you something to<\/div>\n<\/div>\n<\/div>\n
\n
\n
think about yeah now i want to go back<\/div>\n<\/div>\n<\/div>\n
\n
\n
if we can go back to your intraday<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
a couple of things you want to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you’re saying basically this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding up on the one the five the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute that’s my trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i need to see charts where the one<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute is holding up<\/div>\n<\/div>\n<\/div>\n
\n
\n
where the five minute is holding up<\/div>\n<\/div>\n<\/div>\n
\n
\n
where the 15 minute is holding up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for you to be showing me where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to be entering<\/div>\n<\/div>\n<\/div>\n
\n
\n
because the one the five and the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute charts are holding up<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that makes sense and it makes sense<\/div>\n<\/div>\n<\/div>\n
\n
\n
for your learning because<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a large difference between you<\/div>\n<\/div>\n<\/div>\n
\n
\n
going through this exercise<\/div>\n<\/div>\n<\/div>\n
\n
\n
and having done that work the one minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
held up this is what it looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the five minute held up this is what it<\/div>\n<\/div>\n<\/div>\n
\n
\n
looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 15 minute held up this is what it<\/div>\n<\/div>\n<\/div>\n
\n
\n
looks like<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you put that together you go over it<\/div>\n<\/div>\n<\/div>\n
\n
\n
you go over it again you’re visualizing<\/div>\n<\/div>\n<\/div>\n
\n
\n
in your head<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you want to see for a one to five a<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
flag hold next time you see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup it’s going to be so much easier<\/div>\n<\/div>\n<\/div>\n
\n
\n
for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
because you have that picture in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
head yeah of the one the five the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
all aligning uh as opposed to here which<\/div>\n<\/div>\n<\/div>\n
\n
\n
is you<\/div>\n<\/div>\n<\/div>\n
\n
\n
you don’t have that so that’s number one<\/div>\n<\/div>\n<\/div>\n
\n
\n
the second thing is<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this particular trade particularly<\/div>\n<\/div>\n<\/div>\n
\n
\n
two-day three-day trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to have a chart that overlays<\/div>\n<\/div>\n<\/div>\n
\n
\n
how neo is trading in conjunction with<\/div>\n<\/div>\n<\/div>\n
\n
\n
tesla<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there something that you can learn<\/div>\n<\/div>\n<\/div>\n
\n
\n
based on how neo should trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
based on the way tesla was trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
when tesla pulls in what does neo do<\/div>\n<\/div>\n<\/div>\n
\n
\n
when tesla makes a new high what does<\/div>\n<\/div>\n<\/div>\n
\n
\n
neo do<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there a lag between a new high and<\/div>\n<\/div>\n<\/div>\n
\n
\n
tesla<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what neil will do are there clues to<\/div>\n<\/div>\n<\/div>\n
\n
\n
how tesla’s trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay the head of the snake as you said<\/div>\n<\/div>\n<\/div>\n
\n
\n
the leader<\/div>\n<\/div>\n<\/div>\n
\n
\n
that can help you trade neo so you need<\/div>\n<\/div>\n<\/div>\n
\n
\n
to overlay a chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
of that in here because you’re going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that kyle you’re going to see<\/div>\n<\/div>\n<\/div>\n
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certain commonalities between when there<\/div>\n<\/div>\n<\/div>\n
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is<\/div>\n<\/div>\n<\/div>\n
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something that’s real hot when there is<\/div>\n<\/div>\n<\/div>\n
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that head of the snake that’s real hot<\/div>\n<\/div>\n<\/div>\n
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and then the second tier and third tier<\/div>\n<\/div>\n<\/div>\n
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starks stocks<\/div>\n<\/div>\n<\/div>\n
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start to go and<\/div>\n<\/div>\n<\/div>\n
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you’ll you’ll be able to<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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add some some risk pretty easily<\/div>\n<\/div>\n<\/div>\n
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just based on what you’ve observed<\/div>\n<\/div>\n<\/div>\n
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as to how tesla trades first and then<\/div>\n<\/div>\n<\/div>\n
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how neil reacts<\/div>\n<\/div>\n<\/div>\n
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there’ll be some real easy money i mean<\/div>\n<\/div>\n<\/div>\n
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you’re talking it’ll be some real easy<\/div>\n<\/div>\n<\/div>\n
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\n
money along the way some scalp some ads<\/div>\n<\/div>\n<\/div>\n
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that will will make this trade a good 20<\/div>\n<\/div>\n<\/div>\n
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more profitable just by doing that<\/div>\n<\/div>\n<\/div>\n
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\n
yeah and i actually saw quite a few<\/div>\n<\/div>\n<\/div>\n
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people at the firm um<\/div>\n<\/div>\n<\/div>\n
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they were talking about how they were<\/div>\n<\/div>\n<\/div>\n
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buying these dips on nio<\/div>\n<\/div>\n<\/div>\n
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and you know maybe part of that is<\/div>\n<\/div>\n<\/div>\n
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because they were keeping maybe a little<\/div>\n<\/div>\n<\/div>\n
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\n
bit of a closer eye on tesla<\/div>\n<\/div>\n<\/div>\n
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and you know seeing that it was holding<\/div>\n<\/div>\n<\/div>\n
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up and breaking out<\/div>\n<\/div>\n<\/div>\n
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so that is definitely something i need<\/div>\n<\/div>\n<\/div>\n
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\n
to add to this playbook<\/div>\n<\/div>\n<\/div>\n
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\n
okay so we’re on reading the tape and i<\/div>\n<\/div>\n<\/div>\n
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\n
don’t have the tape on this i was in a<\/div>\n<\/div>\n<\/div>\n
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\n
few other positions at the time<\/div>\n<\/div>\n<\/div>\n
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\n
um but it’s kind of like any other flag<\/div>\n<\/div>\n<\/div>\n
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break<\/div>\n<\/div>\n<\/div>\n
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um maybe a little bit more powerful on<\/div>\n<\/div>\n<\/div>\n
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both setups that are working<\/div>\n<\/div>\n<\/div>\n
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shorts are being forced to cover at the<\/div>\n<\/div>\n<\/div>\n
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timing point on that lower high break of<\/div>\n<\/div>\n<\/div>\n
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\n
every flag<\/div>\n<\/div>\n<\/div>\n
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\n
and long’s paying up and that brings in<\/div>\n<\/div>\n<\/div>\n
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volume from both sides and<\/div>\n<\/div>\n<\/div>\n
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\n
these flag breaks i’ve taken for the<\/div>\n<\/div>\n<\/div>\n
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last few years and<\/div>\n<\/div>\n<\/div>\n
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\n
you know i it’s pretty clear what you<\/div>\n<\/div>\n<\/div>\n
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want to see you want to see that<\/div>\n<\/div>\n<\/div>\n
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breakout on big volume<\/div>\n<\/div>\n<\/div>\n
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\n
and you want to see it get away from<\/div>\n<\/div>\n<\/div>\n
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that price really quickly and that is<\/div>\n<\/div>\n<\/div>\n
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\n
kind of confirming that idea<\/div>\n<\/div>\n<\/div>\n
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um and on every single pull in you kind<\/div>\n<\/div>\n<\/div>\n
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of want them to be higher you know<\/div>\n<\/div>\n<\/div>\n
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\n
building those higher lows and you know<\/div>\n<\/div>\n<\/div>\n
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they could be<\/div>\n<\/div>\n<\/div>\n
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slow they could be fast but they should<\/div>\n<\/div>\n<\/div>\n
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\n
be on lower volume<\/div>\n<\/div>\n<\/div>\n
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\n
um after breaking out followed by buyers<\/div>\n<\/div>\n<\/div>\n
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\n
coming back in<\/div>\n<\/div>\n<\/div>\n
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\n
you know every single breakout so on<\/div>\n<\/div>\n<\/div>\n
\n
\n
every pull-in if there’s a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
you ever thought about building<\/div>\n<\/div>\n<\/div>\n
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\n
something visual for yourself<\/div>\n<\/div>\n<\/div>\n
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\n
to determine how strong the tape is<\/div>\n<\/div>\n<\/div>\n
\n
\n
so all right i’m watching four or five<\/div>\n<\/div>\n<\/div>\n
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\n
things at the same time i can’t watch<\/div>\n<\/div>\n<\/div>\n
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\n
neo<\/div>\n<\/div>\n<\/div>\n
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\n
tick for tick can i use my technology<\/div>\n<\/div>\n<\/div>\n
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\n
skills<\/div>\n<\/div>\n<\/div>\n
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\n
to give myself a visual map of<\/div>\n<\/div>\n<\/div>\n
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\n
when this the tape is a lot stronger you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know for example we’ve talked about this<\/div>\n<\/div>\n<\/div>\n
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\n
in the past<\/div>\n<\/div>\n<\/div>\n
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\n
you can build a filter and it can tell<\/div>\n<\/div>\n<\/div>\n
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\n
you the percentage of volume that’s done<\/div>\n<\/div>\n<\/div>\n
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\n
on the offer<\/div>\n<\/div>\n<\/div>\n
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\n
percentage of iron that’s done in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bid and you know if the percentage of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume that is done much more on the<\/div>\n<\/div>\n<\/div>\n
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\n
offer does that give you an edge<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and and that’s just that’s a that’s<\/div>\n<\/div>\n<\/div>\n
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\n
an idea<\/div>\n<\/div>\n<\/div>\n
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\n
for you but you should you should think<\/div>\n<\/div>\n<\/div>\n
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\n
about using your technology skills<\/div>\n<\/div>\n<\/div>\n
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\n
to grade how strong the tape is<\/div>\n<\/div>\n<\/div>\n
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\n
overall and i would say on these you do<\/div>\n<\/div>\n<\/div>\n
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\n
want to see that offer<\/div>\n<\/div>\n<\/div>\n
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\n
a lot heavier than the bid on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout so that is something<\/div>\n<\/div>\n<\/div>\n
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\n
that i should you know add to a filter<\/div>\n<\/div>\n<\/div>\n
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\n
or my tape<\/div>\n<\/div>\n<\/div>\n
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\n
so that’s something i could certainly<\/div>\n<\/div>\n<\/div>\n
\n
\n
add this week<\/div>\n<\/div>\n<\/div>\n
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\n
and work on so how could i’ve done a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit better on this or i guess a<\/div>\n<\/div>\n<\/div>\n
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\n
lot better<\/div>\n<\/div>\n<\/div>\n
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\n
continue to playbook this setup until i<\/div>\n<\/div>\n<\/div>\n
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\n
have a big enough sample size to<\/div>\n<\/div>\n<\/div>\n
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\n
start taking it with a sense of comfort<\/div>\n<\/div>\n<\/div>\n
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\n
personally<\/div>\n<\/div>\n<\/div>\n
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\n
i don’t like executing positions until i<\/div>\n<\/div>\n<\/div>\n
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\n
have a playbook backing the setup<\/div>\n<\/div>\n<\/div>\n
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\n
now the day one is a setup that i should<\/div>\n<\/div>\n<\/div>\n
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have taken it is<\/div>\n<\/div>\n<\/div>\n
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\n
a playbook setup for me um and<\/div>\n<\/div>\n<\/div>\n
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\n
kind of a reference to this is i used to<\/div>\n<\/div>\n<\/div>\n
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\n
play baseball and it’s almost like<\/div>\n<\/div>\n<\/div>\n
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\n
hopping on the mound and in a big game<\/div>\n<\/div>\n<\/div>\n
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\n
you all of a sudden<\/div>\n<\/div>\n<\/div>\n
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\n
you know decide to throw a knuckleball<\/div>\n<\/div>\n<\/div>\n
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\n
when it’s not in your arsenal<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t really like executing positions<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i don’t have in my playbook as of<\/div>\n<\/div>\n<\/div>\n
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\n
yet so that’s kind of what this exercise<\/div>\n<\/div>\n<\/div>\n
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\n
is about<\/div>\n<\/div>\n<\/div>\n
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\n
and that is why i’m adding this and you<\/div>\n<\/div>\n<\/div>\n
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\n
know getting more sample size<\/div>\n<\/div>\n<\/div>\n
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\n
until i’m more comfortable with it and<\/div>\n<\/div>\n<\/div>\n
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\n
then i can take it you know pretty small<\/div>\n<\/div>\n<\/div>\n
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\n
until i feel more comfortable what<\/div>\n<\/div>\n<\/div>\n
\n
\n
position did you play in baseball<\/div>\n<\/div>\n<\/div>\n
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\n
that was a picture yeah you know it’s so<\/div>\n<\/div>\n<\/div>\n
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\n
interesting so my son<\/div>\n<\/div>\n<\/div>\n
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\n
who’s seven is taking personal<\/div>\n<\/div>\n<\/div>\n
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\n
pitching lessons and personal hitting<\/div>\n<\/div>\n<\/div>\n
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\n
lessons<\/div>\n<\/div>\n<\/div>\n
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\n
and you know as you know i pitched in<\/div>\n<\/div>\n<\/div>\n
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\n
college and so<\/div>\n<\/div>\n<\/div>\n
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\n
i i you know that’s that was a big part<\/div>\n<\/div>\n<\/div>\n
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of<\/div>\n<\/div>\n<\/div>\n
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what i did when i was a when i was a kid<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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\n
i love your point about hey we’re just<\/div>\n<\/div>\n<\/div>\n
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\n
trying to get better i i<\/div>\n<\/div>\n<\/div>\n
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am just struck by<\/div>\n<\/div>\n<\/div>\n
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some of the things that i did not do<\/div>\n<\/div>\n<\/div>\n
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\n
when i was a pitcher that luke is being<\/div>\n<\/div>\n<\/div>\n
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\n
taught to do<\/div>\n<\/div>\n<\/div>\n
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\n
right now at seven and i mean the other<\/div>\n<\/div>\n<\/div>\n
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\n
day<\/div>\n<\/div>\n<\/div>\n
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i was i was watching the lesson is these<\/div>\n<\/div>\n<\/div>\n
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\n
30-minute lessons one-on-one<\/div>\n<\/div>\n<\/div>\n
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\n
and they start by going over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
mechanics of throwing<\/div>\n<\/div>\n<\/div>\n
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\n
and you and i will talk about this in<\/div>\n<\/div>\n<\/div>\n
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\n
person because this is so insider<\/div>\n<\/div>\n<\/div>\n
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\n
baseball<\/div>\n<\/div>\n<\/div>\n
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\n
but there’s there’s literally something<\/div>\n<\/div>\n<\/div>\n
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\n
that i did not do when i was a kid that<\/div>\n<\/div>\n<\/div>\n
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\n
when i watch<\/div>\n<\/div>\n<\/div>\n
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\n
lutz luke’s instructor teach him how to<\/div>\n<\/div>\n<\/div>\n
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\n
get in a starting position for pitching<\/div>\n<\/div>\n<\/div>\n
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\n
that i just literally can’t believe that<\/div>\n<\/div>\n<\/div>\n
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i never did<\/div>\n<\/div>\n<\/div>\n
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yeah i just can’t believe it and it<\/div>\n<\/div>\n<\/div>\n
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\n
would have added<\/div>\n<\/div>\n<\/div>\n
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\n
three miles an hour to my fastball if i<\/div>\n<\/div>\n<\/div>\n
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\n
had done what luke is being taught to do<\/div>\n<\/div>\n<\/div>\n
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\n
and so yeah i mean these things are<\/div>\n<\/div>\n<\/div>\n
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\n
getting this stuff down is is super<\/div>\n<\/div>\n<\/div>\n
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\n
important will make you a lot better<\/div>\n<\/div>\n<\/div>\n
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\n
uh made me want to i literally i was<\/div>\n<\/div>\n<\/div>\n
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like i can’t believe i did not think of<\/div>\n<\/div>\n<\/div>\n
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that like<\/div>\n<\/div>\n<\/div>\n
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\n
how could i possibly have left that out<\/div>\n<\/div>\n<\/div>\n
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um<\/div>\n<\/div>\n<\/div>\n
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\n
so things like this really do matter<\/div>\n<\/div>\n<\/div>\n
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yeah i i totally agree with that<\/div>\n<\/div>\n<\/div>\n
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\n
the last couple of years that i played<\/div>\n<\/div>\n<\/div>\n
\n
\n
baseball in college i<\/div>\n<\/div>\n<\/div>\n
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\n
you know started picking up things you<\/div>\n<\/div>\n<\/div>\n
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\n
know i kind of started following bauer<\/div>\n<\/div>\n<\/div>\n
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\n
on the reds or i guess he was on the<\/div>\n<\/div>\n<\/div>\n
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\n
indians at the time<\/div>\n<\/div>\n<\/div>\n
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\n
and he’s big into tech and you know<\/div>\n<\/div>\n<\/div>\n
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\n
weighted balls and recording and<\/div>\n<\/div>\n<\/div>\n
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\n
you know getting video and that is stuff<\/div>\n<\/div>\n<\/div>\n
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\n
i wish i did a lot<\/div>\n<\/div>\n<\/div>\n
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\n
earlier and now that you know i’m in the<\/div>\n<\/div>\n<\/div>\n
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\n
market you know i’m kind of learning<\/div>\n<\/div>\n<\/div>\n
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\n
from those mistakes kind of similar to<\/div>\n<\/div>\n<\/div>\n
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\n
you<\/div>\n<\/div>\n<\/div>\n
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\n
um with baseball you know wish we could<\/div>\n<\/div>\n<\/div>\n
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\n
have done some of these things in the<\/div>\n<\/div>\n<\/div>\n
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\n
past and you know now i’m able to<\/div>\n<\/div>\n<\/div>\n
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\n
kind of bring that into the market and<\/div>\n<\/div>\n<\/div>\n
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\n
work on that now 100 and i’d say that<\/div>\n<\/div>\n<\/div>\n
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\n
too with my training<\/div>\n<\/div>\n<\/div>\n
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\n
if i had my trainer when i was a kid<\/div>\n<\/div>\n<\/div>\n
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\n
when i was playing that i have now i i<\/div>\n<\/div>\n<\/div>\n
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gotta<\/div>\n<\/div>\n<\/div>\n
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\n
i gotta say i probably would have added<\/div>\n<\/div>\n<\/div>\n
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another<\/div>\n<\/div>\n<\/div>\n
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\n
three four miles an hour maybe more uh<\/div>\n<\/div>\n<\/div>\n
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\n
maybe three or four miles an hour and<\/div>\n<\/div>\n<\/div>\n
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\n
and when i train with my trainer i’m<\/div>\n<\/div>\n<\/div>\n
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\n
just like<\/div>\n<\/div>\n<\/div>\n
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\n
i can’t believe that i didn’t know this<\/div>\n<\/div>\n<\/div>\n
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\n
at the time<\/div>\n<\/div>\n<\/div>\n
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\n
so anyway we’re always learning<\/div>\n<\/div>\n<\/div>\n
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\n
definitely<\/div>\n<\/div>\n<\/div>\n
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\n
um so to wrap this up i guess i have one<\/div>\n<\/div>\n<\/div>\n
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\n
more slide after this but<\/div>\n<\/div>\n<\/div>\n
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\n
continue to look at dailies every night<\/div>\n<\/div>\n<\/div>\n
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\n
on finviz and see what sectors are<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidating and setting up for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger idea moves<\/div>\n<\/div>\n<\/div>\n
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\n
these are names to be focusing on for<\/div>\n<\/div>\n<\/div>\n
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\n
this type of you know swing<\/div>\n<\/div>\n<\/div>\n
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\n
i kind of had a position similar to this<\/div>\n<\/div>\n<\/div>\n
\n
\n
yesterday on amc i didn’t swing it but<\/div>\n<\/div>\n<\/div>\n
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\n
it came from a bigger idea a lot of<\/div>\n<\/div>\n<\/div>\n
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\n
shorts are underwater<\/div>\n<\/div>\n<\/div>\n
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\n
consolidating on the daily so this is<\/div>\n<\/div>\n<\/div>\n
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\n
really important to me and this is<\/div>\n<\/div>\n<\/div>\n
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\n
something i actually really<\/div>\n<\/div>\n<\/div>\n
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\n
you know like doing right before bed i<\/div>\n<\/div>\n<\/div>\n
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look forward to having this<\/div>\n<\/div>\n<\/div>\n
\n
\n
a part of my arsenal down the road as<\/div>\n<\/div>\n<\/div>\n
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\n
it’s really a subset<\/div>\n<\/div>\n<\/div>\n
\n
\n
of an already a plus setup for me the<\/div>\n<\/div>\n<\/div>\n
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\n
only difference is time of day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and swinging part of it i can still be<\/div>\n<\/div>\n<\/div>\n
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\n
selective at the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i spoke with someone at the firm<\/div>\n<\/div>\n<\/div>\n
\n
\n
about this but when there’s a playbook<\/div>\n<\/div>\n<\/div>\n
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\n
set up<\/div>\n<\/div>\n<\/div>\n
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\n
proper level to risk off of great<\/div>\n<\/div>\n<\/div>\n
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\n
context of where early longs have<\/div>\n<\/div>\n<\/div>\n
\n
\n
stopped out where shorts are stuck<\/div>\n<\/div>\n<\/div>\n
\n
\n
and where they are risking with a bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea in mind and it’s breaking out on<\/div>\n<\/div>\n<\/div>\n
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\n
the daily<\/div>\n<\/div>\n<\/div>\n
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\n
i need to take it and it is something i<\/div>\n<\/div>\n<\/div>\n
\n
\n
will take down the road<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know that day two right at the open<\/div>\n<\/div>\n<\/div>\n
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\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
now that i’ve seen it so many times and<\/div>\n<\/div>\n<\/div>\n
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\n
i see it a lot on tech names you know<\/div>\n<\/div>\n<\/div>\n
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\n
big tech names<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to either take that setup or<\/div>\n<\/div>\n<\/div>\n
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\n
you’re probably not going to get those<\/div>\n<\/div>\n<\/div>\n
\n
\n
really good prices<\/div>\n<\/div>\n<\/div>\n
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\n
later in the day so it is really<\/div>\n<\/div>\n<\/div>\n
\n
\n
important<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe again it might only happen a<\/div>\n<\/div>\n<\/div>\n
\n
\n
few times per month for me but you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s still going to add to the bottom<\/div>\n<\/div>\n<\/div>\n
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\n
line<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the final thing to know is you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding up a portion overnight has never<\/div>\n<\/div>\n<\/div>\n
\n
\n
really been a part of my playbook<\/div>\n<\/div>\n<\/div>\n
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\n
in a position i take maybe more than<\/div>\n<\/div>\n<\/div>\n
\n
\n
once or twice per year<\/div>\n<\/div>\n<\/div>\n
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\n
due to where i live it means waking up<\/div>\n<\/div>\n<\/div>\n
\n
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at around three in the morning here in<\/div>\n<\/div>\n<\/div>\n
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california<\/div>\n<\/div>\n<\/div>\n
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even a little bit earlier as opposed to<\/div>\n<\/div>\n<\/div>\n
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five to six<\/div>\n<\/div>\n<\/div>\n
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when i move um to a different time zone<\/div>\n<\/div>\n<\/div>\n
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you’ve had to pass on this in your<\/div>\n<\/div>\n<\/div>\n
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playbook due to you know it ruining your<\/div>\n<\/div>\n<\/div>\n
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sleep<\/div>\n<\/div>\n<\/div>\n
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and how you perform the next day and<\/div>\n<\/div>\n<\/div>\n
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bell and i have talked about this a<\/div>\n<\/div>\n<\/div>\n
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little bit<\/div>\n<\/div>\n<\/div>\n
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um it’s going to be a lot different once<\/div>\n<\/div>\n<\/div>\n
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i move<\/div>\n<\/div>\n<\/div>\n
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but it is important to note you know i<\/div>\n<\/div>\n<\/div>\n
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there was a<\/div>\n<\/div>\n<\/div>\n
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part earlier in my career where i<\/div>\n<\/div>\n<\/div>\n
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thought you know i wanted to swing a lot<\/div>\n<\/div>\n<\/div>\n
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more names and<\/div>\n<\/div>\n<\/div>\n
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you know my time zone wasn’t really<\/div>\n<\/div>\n<\/div>\n
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conducive to that<\/div>\n<\/div>\n<\/div>\n
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and i noticed myself performing very<\/div>\n<\/div>\n<\/div>\n
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poorly the next day where it wasn’t even<\/div>\n<\/div>\n<\/div>\n
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worth it<\/div>\n<\/div>\n<\/div>\n
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and then just this final slide is um a<\/div>\n<\/div>\n<\/div>\n
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pre-market scan<\/div>\n<\/div>\n<\/div>\n
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i had or that i use and basically what<\/div>\n<\/div>\n<\/div>\n
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it’s telling me is that the 90ma on the<\/div>\n<\/div>\n<\/div>\n
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hourly is tucked up underneath it’s<\/div>\n<\/div>\n<\/div>\n
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up more than five percent in the last<\/div>\n<\/div>\n<\/div>\n
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five minutes and the second photo is a<\/div>\n<\/div>\n<\/div>\n
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finviz<\/div>\n<\/div>\n<\/div>\n
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scanning for ev names meeting the<\/div>\n<\/div>\n<\/div>\n
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criteria listed from the night prior<\/div>\n<\/div>\n<\/div>\n
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and that’s about it hey go ahead and<\/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 were<\/div>\n<\/div>\n<\/div>\n
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producing for you and the trading<\/div>\n<\/div>\n<\/div>\n
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community and please<\/div>\n<\/div>\n<\/div>\n
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take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
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the comment section for what videos<\/div>\n<\/div>\n<\/div>\n
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you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
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train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

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