{"id":50122,"date":"2020-09-14T14:54:28","date_gmt":"2020-09-14T18:54:28","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50122"},"modified":"2020-09-14T14:54:28","modified_gmt":"2020-09-14T18:54:28","slug":"how-to-trade-a-spac-with-tape-reading-3-prop-traders-reveal","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-trade-a-spac-with-tape-reading-3-prop-traders-reveal","title":{"rendered":"How to trade a SPAC with Tape Reading (3 prop traders reveal)"},"content":{"rendered":"

In this video, learn how to trade a SPAC, after a Bill Gates investment, with Tape Reading as revealed by 3 prop traders. Mike Bellafiore and 3 prop traders walk through in tick-by-tick detail how to trade the hottest SPAC in the market with tape reading. 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 learn how to trade a spac<\/div>\n<\/div>\n<\/div>\n
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with tape reading as revealed by three<\/div>\n<\/div>\n<\/div>\n
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prop traders hi i’m mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of smb capital<\/div>\n<\/div>\n<\/div>\n
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and we’re a proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
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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<\/div>\n<\/div>\n<\/div>\n
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three prop traders and i walk through in<\/div>\n<\/div>\n<\/div>\n
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tick by tick detail<\/div>\n<\/div>\n<\/div>\n
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how to trade the hottest spec in the<\/div>\n<\/div>\n<\/div>\n
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market with tape reading let’s get to<\/div>\n<\/div>\n<\/div>\n
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work on sharing these important trading<\/div>\n<\/div>\n<\/div>\n
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lessons<\/div>\n<\/div>\n<\/div>\n
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so you can grow your trading account<\/div>\n<\/div>\n<\/div>\n
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we’re going to be going over a trade<\/div>\n<\/div>\n<\/div>\n
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today in a recent ipo spac<\/div>\n<\/div>\n<\/div>\n
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kcac and for those of you who are<\/div>\n<\/div>\n<\/div>\n
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unaware<\/div>\n<\/div>\n<\/div>\n
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a spac is a special purpose acquisition<\/div>\n<\/div>\n<\/div>\n
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company<\/div>\n<\/div>\n<\/div>\n
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they’ve been very hot for the past few<\/div>\n<\/div>\n<\/div>\n
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months<\/div>\n<\/div>\n<\/div>\n
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and essentially they raise money<\/div>\n<\/div>\n<\/div>\n
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through offering up equity in their<\/div>\n<\/div>\n<\/div>\n
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company and then use that money<\/div>\n<\/div>\n<\/div>\n
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to later on acquire a different company<\/div>\n<\/div>\n<\/div>\n
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that isn’t public<\/div>\n<\/div>\n<\/div>\n
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and then the two merge and that becomes<\/div>\n<\/div>\n<\/div>\n
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the company you’re really trading<\/div>\n<\/div>\n<\/div>\n
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these have been very very hot recently<\/div>\n<\/div>\n<\/div>\n
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and the only item in the market that’s<\/div>\n<\/div>\n<\/div>\n
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been hotter than specs<\/div>\n<\/div>\n<\/div>\n
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has been electric vehicle companies and<\/div>\n<\/div>\n<\/div>\n
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here we have a trade<\/div>\n<\/div>\n<\/div>\n
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where a recent spec ipo kcac<\/div>\n<\/div>\n<\/div>\n
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has announced that the company they’re<\/div>\n<\/div>\n<\/div>\n
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acquiring is an<\/div>\n<\/div>\n<\/div>\n
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ev company led by bill gates<\/div>\n<\/div>\n<\/div>\n
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so this is huge news and it’s easily the<\/div>\n<\/div>\n<\/div>\n
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biggest day<\/div>\n<\/div>\n<\/div>\n
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in the company’s short history in the<\/div>\n<\/div>\n<\/div>\n
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pre-market<\/div>\n<\/div>\n<\/div>\n
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we’ve already traded more volume than<\/div>\n<\/div>\n<\/div>\n
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the total amount of volume traded before<\/div>\n<\/div>\n<\/div>\n
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today<\/div>\n<\/div>\n<\/div>\n
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in all days combined so we go up from<\/div>\n<\/div>\n<\/div>\n
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what was i think around ten dollars<\/div>\n<\/div>\n<\/div>\n
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closed the previous day to over 16<\/div>\n<\/div>\n<\/div>\n
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in the pre-market and you can see that<\/div>\n<\/div>\n<\/div>\n
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going into the open<\/div>\n<\/div>\n<\/div>\n
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we’re consolidating between this 1550<\/div>\n<\/div>\n<\/div>\n
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and 16 50 1625 area<\/div>\n<\/div>\n<\/div>\n
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area range for those of us watching it<\/div>\n<\/div>\n<\/div>\n
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in the pre-market<\/div>\n<\/div>\n<\/div>\n
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we’ve realized that 1550 is an area that<\/div>\n<\/div>\n<\/div>\n
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has been defended<\/div>\n<\/div>\n<\/div>\n
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with very very large bid size twice<\/div>\n<\/div>\n<\/div>\n
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and that’s something to keep looking for<\/div>\n<\/div>\n<\/div>\n
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off the open<\/div>\n<\/div>\n<\/div>\n
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yeah and so we couldn’t get an exact<\/div>\n<\/div>\n<\/div>\n
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share count but the float is somewhere<\/div>\n<\/div>\n<\/div>\n
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around 20 million so this is going to<\/div>\n<\/div>\n<\/div>\n
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trade like a bit of a low float<\/div>\n<\/div>\n<\/div>\n
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and so at least for me in general i have<\/div>\n<\/div>\n<\/div>\n
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two<\/div>\n<\/div>\n<\/div>\n
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strategies that i’m using for logs for<\/div>\n<\/div>\n<\/div>\n
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the front side of these low code names<\/div>\n<\/div>\n<\/div>\n
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and one of them is going to involve on<\/div>\n<\/div>\n<\/div>\n
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the open facing<\/div>\n<\/div>\n<\/div>\n
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low floating gapping up significantly<\/div>\n<\/div>\n<\/div>\n
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and unable to trade<\/div>\n<\/div>\n<\/div>\n
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significantly lower even on elevated<\/div>\n<\/div>\n<\/div>\n
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volume<\/div>\n<\/div>\n<\/div>\n
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so we’re going to see that here and<\/div>\n<\/div>\n<\/div>\n
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we’re going to kind of talk about how we<\/div>\n<\/div>\n<\/div>\n
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go about<\/div>\n<\/div>\n<\/div>\n
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taking advantage of that strategy so<\/div>\n<\/div>\n<\/div>\n
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even before the open we get this push to<\/div>\n<\/div>\n<\/div>\n
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pre-market highs so<\/div>\n<\/div>\n<\/div>\n
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going to be seeing i’m not going to be<\/div>\n<\/div>\n<\/div>\n
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touching it directly off the open buying<\/div>\n<\/div>\n<\/div>\n
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the opening<\/div>\n<\/div>\n<\/div>\n
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or anything like that we’re just going<\/div>\n<\/div>\n<\/div>\n
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to be seeing how this trades as we open<\/div>\n<\/div>\n<\/div>\n
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up<\/div>\n<\/div>\n<\/div>\n
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we’re open now there’s going to be a<\/div>\n<\/div>\n<\/div>\n
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stuck print here at 16.<\/div>\n<\/div>\n<\/div>\n
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try to ignore that<\/div>\n<\/div>\n<\/div>\n
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it’s now just watching seeing what<\/div>\n<\/div>\n<\/div>\n
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levels are going to be important here<\/div>\n<\/div>\n<\/div>\n
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for right now holding up reasonably well<\/div>\n<\/div>\n<\/div>\n
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um looks like the 16 may be a bit of a<\/div>\n<\/div>\n<\/div>\n
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battleground<\/div>\n<\/div>\n<\/div>\n
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but again doing reasonable volume and<\/div>\n<\/div>\n<\/div>\n
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not really able to trade lower so i hit<\/div>\n<\/div>\n<\/div>\n
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in long<\/div>\n<\/div>\n<\/div>\n
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fairly soon here once this dip gets<\/div>\n<\/div>\n<\/div>\n
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bought up<\/div>\n<\/div>\n<\/div>\n
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now we get in i finished i just fell in<\/div>\n<\/div>\n<\/div>\n
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a small position at 16 expecting this to<\/div>\n<\/div>\n<\/div>\n
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work immediately<\/div>\n<\/div>\n<\/div>\n
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so we don’t really have that follow<\/div>\n<\/div>\n<\/div>\n
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through to the upside so if something<\/div>\n<\/div>\n<\/div>\n
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strange happens here<\/div>\n<\/div>\n<\/div>\n
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i’m trying to exit my position<\/div>\n<\/div>\n<\/div>\n
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and i think for this two gram is like we<\/div>\n<\/div>\n<\/div>\n
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we tried this a couple times<\/div>\n<\/div>\n<\/div>\n
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on uh and we were talking through this<\/div>\n<\/div>\n<\/div>\n
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on chat i’m just see if we did hold that<\/div>\n<\/div>\n<\/div>\n
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16.<\/div>\n<\/div>\n<\/div>\n
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but we were in like our tier one size<\/div>\n<\/div>\n<\/div>\n
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exactly and so i have more shares<\/div>\n<\/div>\n<\/div>\n
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borrowed here this isn’t the full size<\/div>\n<\/div>\n<\/div>\n
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i’ll be trying to do it sometimes you’ll<\/div>\n<\/div>\n<\/div>\n
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have to take more than one<\/div>\n<\/div>\n<\/div>\n
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shot at this but seeing that we’re not<\/div>\n<\/div>\n<\/div>\n
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getting that follow through right now i<\/div>\n<\/div>\n<\/div>\n
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think we’re gonna need more time<\/div>\n<\/div>\n<\/div>\n
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hey guys how do you feel about trying to<\/div>\n<\/div>\n<\/div>\n
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enter around<\/div>\n<\/div>\n<\/div>\n
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1575-ish with a stop below 1550<\/div>\n<\/div>\n<\/div>\n
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since it’s holding up pretty well one<\/div>\n<\/div>\n<\/div>\n
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issue<\/div>\n<\/div>\n<\/div>\n
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i that comes to mind with that is that<\/div>\n<\/div>\n<\/div>\n
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you know the stop is going to be a<\/div>\n<\/div>\n<\/div>\n
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decent bit wider and if this thing does<\/div>\n<\/div>\n<\/div>\n
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end up actually going we probably won’t<\/div>\n<\/div>\n<\/div>\n
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see 1575 again<\/div>\n<\/div>\n<\/div>\n
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now we do actually see this in this<\/div>\n<\/div>\n<\/div>\n
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trade later on and we do take that trade<\/div>\n<\/div>\n<\/div>\n
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you’re you’re talking about<\/div>\n<\/div>\n<\/div>\n
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um but i i just wanted to have some size<\/div>\n<\/div>\n<\/div>\n
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on so that i’m at least getting<\/div>\n<\/div>\n<\/div>\n
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uh one tier into the trade before it<\/div>\n<\/div>\n<\/div>\n
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rips without me if that does happen<\/div>\n<\/div>\n<\/div>\n
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yeah well i agree with that too uh 1575<\/div>\n<\/div>\n<\/div>\n
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was the technical level we were watching<\/div>\n<\/div>\n<\/div>\n
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um but just go on along with graham you<\/div>\n<\/div>\n<\/div>\n
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know in case we did<\/div>\n<\/div>\n<\/div>\n
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you know retrace near that 1575 level<\/div>\n<\/div>\n<\/div>\n
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and we did gap and go<\/div>\n<\/div>\n<\/div>\n
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that was something we were aware as well<\/div>\n<\/div>\n<\/div>\n
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so we were trying to be<\/div>\n<\/div>\n<\/div>\n
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more careful with our size and that’s<\/div>\n<\/div>\n<\/div>\n
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what we were trying to do like a tier<\/div>\n<\/div>\n<\/div>\n
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one entry<\/div>\n<\/div>\n<\/div>\n
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but yeah definitely agree with that 1575<\/div>\n<\/div>\n<\/div>\n
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level is a key inflection point<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three real world<\/div>\n<\/div>\n<\/div>\n
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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<\/div>\n<\/div>\n<\/div>\n
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and the setup that turned one of our<\/div>\n<\/div>\n<\/div>\n
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traders into a seven figure big money<\/div>\n<\/div>\n<\/div>\n
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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<\/div>\n<\/div>\n<\/div>\n
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corner of your screen that’s going to<\/div>\n<\/div>\n<\/div>\n
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open up this free registration page<\/div>\n<\/div>\n<\/div>\n
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in the new window so don’t worry you’re<\/div>\n<\/div>\n<\/div>\n
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not going to lose this video<\/div>\n<\/div>\n<\/div>\n
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you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education okay<\/div>\n<\/div>\n<\/div>\n
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so really if this is going to work out<\/div>\n<\/div>\n<\/div>\n
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now like it should have gone by now<\/div>\n<\/div>\n<\/div>\n
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so once 1590 the leap gives out<\/div>\n<\/div>\n<\/div>\n
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i’m out of my trying to get out of my<\/div>\n<\/div>\n<\/div>\n
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position but end up having a bit of an<\/div>\n<\/div>\n<\/div>\n
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issue that i’ve never had before with<\/div>\n<\/div>\n<\/div>\n
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the ecn arca is not filling me<\/div>\n<\/div>\n<\/div>\n
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on the on the sell side here for<\/div>\n<\/div>\n<\/div>\n
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whatever reason i’ve never had that<\/div>\n<\/div>\n<\/div>\n
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happen so it takes me a little bit<\/div>\n<\/div>\n<\/div>\n
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before i actually switch over to edgex<\/div>\n<\/div>\n<\/div>\n
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and get out of my position but you see<\/div>\n<\/div>\n<\/div>\n
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i’m getting rejected all my<\/div>\n<\/div>\n<\/div>\n
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my shares right now<\/div>\n<\/div>\n<\/div>\n
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so a bit of a special case here i<\/div>\n<\/div>\n<\/div>\n
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haven’t had this problem since<\/div>\n<\/div>\n<\/div>\n
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one thing we’re looking for here too is<\/div>\n<\/div>\n<\/div>\n
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how we’re gonna hold up<\/div>\n<\/div>\n<\/div>\n
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against 1550 and if on our level two<\/div>\n<\/div>\n<\/div>\n
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we’re seeing<\/div>\n<\/div>\n<\/div>\n
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any kind of bids step up and<\/div>\n<\/div>\n<\/div>\n
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you’ll be able to see in this next<\/div>\n<\/div>\n<\/div>\n
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minute here that the selling that<\/div>\n<\/div>\n<\/div>\n
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happens for<\/div>\n<\/div>\n<\/div>\n
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the first two three minutes of the day<\/div>\n<\/div>\n<\/div>\n
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just comes to a grinding hall<\/div>\n<\/div>\n<\/div>\n
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yeah sure and you see even though we<\/div>\n<\/div>\n<\/div>\n
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broke below that 1575 previous wick low<\/div>\n<\/div>\n<\/div>\n
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we didn’t get any real continuation so<\/div>\n<\/div>\n<\/div>\n
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now just looking to get in for a better<\/div>\n<\/div>\n<\/div>\n
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price again looking at this 1570 area<\/div>\n<\/div>\n<\/div>\n
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for now seeing if that’s going to be the<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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i don’t believe i try it one more time<\/div>\n<\/div>\n<\/div>\n
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but again even the volume we’re trading<\/div>\n<\/div>\n<\/div>\n
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now isn’t too significant it’s really no<\/div>\n<\/div>\n<\/div>\n
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different than what we were trading in<\/div>\n<\/div>\n<\/div>\n
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the pre-market the sellers aren’t really<\/div>\n<\/div>\n<\/div>\n
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stepping in to take this one lower<\/div>\n<\/div>\n<\/div>\n
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so even though i’ve taken a hit on it i<\/div>\n<\/div>\n<\/div>\n
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still am pretty<\/div>\n<\/div>\n<\/div>\n
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pretty much liking the idea<\/div>\n<\/div>\n<\/div>\n
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so i’m in again risking a real move<\/div>\n<\/div>\n<\/div>\n
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below 1570<\/div>\n<\/div>\n<\/div>\n
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and we end up getting that and when that<\/div>\n<\/div>\n<\/div>\n
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does happen especially in these low<\/div>\n<\/div>\n<\/div>\n
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quote names<\/div>\n<\/div>\n<\/div>\n
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even though this is an s pack so it<\/div>\n<\/div>\n<\/div>\n
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trades a little differently you do want<\/div>\n<\/div>\n<\/div>\n
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to be out quickly you don’t want to try<\/div>\n<\/div>\n<\/div>\n
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and give it any wiggle room because<\/div>\n<\/div>\n<\/div>\n
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these do have the potential to really<\/div>\n<\/div>\n<\/div>\n
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drop out if you’re not careful<\/div>\n<\/div>\n<\/div>\n
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have to be very careful of risk<\/div>\n<\/div>\n<\/div>\n
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management in these trades<\/div>\n<\/div>\n<\/div>\n
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we’re not getting the volume that we<\/div>\n<\/div>\n<\/div>\n
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thought we were going to see here at<\/div>\n<\/div>\n<\/div>\n
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this 1575 level it was holding up but we<\/div>\n<\/div>\n<\/div>\n
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just couldn’t get that continuation<\/div>\n<\/div>\n<\/div>\n
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so we drop out there<\/div>\n<\/div>\n<\/div>\n
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again no real continuation to the<\/div>\n<\/div>\n<\/div>\n
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downside though<\/div>\n<\/div>\n<\/div>\n
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so you know i like to say with these low<\/div>\n<\/div>\n<\/div>\n
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float opening<\/div>\n<\/div>\n<\/div>\n
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consolidation setups that i take on the<\/div>\n<\/div>\n<\/div>\n
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one side even though we’re selling off<\/div>\n<\/div>\n<\/div>\n
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some i do view this as<\/div>\n<\/div>\n<\/div>\n
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quite bullish because we’re not falling<\/div>\n<\/div>\n<\/div>\n
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off as much as we should be<\/div>\n<\/div>\n<\/div>\n
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well we see new lows there and we<\/div>\n<\/div>\n<\/div>\n
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eventually drop out quicker than we have<\/div>\n<\/div>\n<\/div>\n
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all day<\/div>\n<\/div>\n<\/div>\n
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touch 1550<\/div>\n<\/div>\n<\/div>\n
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and you’ll see that it immediately gets<\/div>\n<\/div>\n<\/div>\n
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bit up exactly<\/div>\n<\/div>\n<\/div>\n
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that’s where i got very long<\/div>\n<\/div>\n<\/div>\n
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yep and so at this point you know this<\/div>\n<\/div>\n<\/div>\n
\n
\n
could go one of two ways<\/div>\n<\/div>\n<\/div>\n
\n
\n
really this could re-bid very quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
like it does here or it just continues<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this turns into an all-day fader<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the chance in the world that happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the tape gives us the confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i need to take one more try at this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and once we see this rebid uh it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’s game on and i feel quite<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable with the yeah and so when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see that rebid<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re thinking hey let me buy this<\/div>\n<\/div>\n<\/div>\n
\n
\n
against a little bit below 15.50<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see if we can catch a run exactly<\/div>\n<\/div>\n<\/div>\n
\n
\n
at least for me i end up getting like<\/div>\n<\/div>\n<\/div>\n
\n
\n
1580 or something here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i have a hard stop i’ll have a hard<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop at 15 49 but then if this thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
just holds down below<\/div>\n<\/div>\n<\/div>\n
\n
\n
1570 i’m gonna be out of the position if<\/div>\n<\/div>\n<\/div>\n
\n
\n
we sustain down there<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh this should kind of rubber band and<\/div>\n<\/div>\n<\/div>\n
\n
\n
snap to the upside pretty quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah what price did you get 1580 yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll get it in a couple seconds here<\/div>\n<\/div>\n<\/div>\n
\n
\n
just something to think about for that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bit far away from the mid 50s<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know so you probably ideally wanted<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get in around 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
somewhere in the 1550s if you have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
pay 1580 like that it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty far away from where you want it<\/div>\n<\/div>\n<\/div>\n
\n
\n
to enter so one of the things that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can do<\/div>\n<\/div>\n<\/div>\n
\n
\n
is all right i’ll buy a little bit at<\/div>\n<\/div>\n<\/div>\n
\n
\n
1580 but but bid for some<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 71 cents 66 cents 61 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then have all of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
against below 50 cents and just try and<\/div>\n<\/div>\n<\/div>\n
\n
\n
make the spread<\/div>\n<\/div>\n<\/div>\n
\n
\n
on some of those other tiers so that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can improve your price from 1580. a bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
of an advanced<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bit of an advanced<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading technique but when you get in at<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bad price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re pretty confident that the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overall idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
could work and you have a very clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
area where you would be wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
bid for better prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then make the spread on those better<\/div>\n<\/div>\n<\/div>\n
\n
\n
prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
improving your overall price and then go<\/div>\n<\/div>\n<\/div>\n
\n
\n
from there does that make sense<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah absolutely it’s not something i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
implementing right now just because it<\/div>\n<\/div>\n<\/div>\n
\n
\n
feels tricky but it’s definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i need to be working on if i<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
take my trading set up to the next level<\/div>\n<\/div>\n<\/div>\n
\n
\n
100 so like i do something just as<\/div>\n<\/div>\n<\/div>\n
\n
\n
simple as<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right i get some at 81 cents i bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
for some<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 71 cents i get hit at 71 cents i try<\/div>\n<\/div>\n<\/div>\n
\n
\n
and kick it out at 84 cents i bid for<\/div>\n<\/div>\n<\/div>\n
\n
\n
some at 66 cents try and kick it out at<\/div>\n<\/div>\n<\/div>\n
\n
\n
79 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
if i get hit at 61 cents i’m not going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to<\/div>\n<\/div>\n<\/div>\n
\n
\n
try and do anything with that i’m just<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to add to my core position from<\/div>\n<\/div>\n<\/div>\n
\n
\n
from those prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
so great prices i’m just adding to my<\/div>\n<\/div>\n<\/div>\n
\n
\n
core other prices i’m literally kicking<\/div>\n<\/div>\n<\/div>\n
\n
\n
it out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and making the spread so that my 80<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents on tier 1 really becomes like<\/div>\n<\/div>\n<\/div>\n
\n
\n
60 cents or something like that another<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing to<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to keep in mind is that you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i’m thinking about price targets<\/div>\n<\/div>\n<\/div>\n
\n
\n
for what i view as a short squeeze trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
really<\/div>\n<\/div>\n<\/div>\n
\n
\n
my my thought is that most of my shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
should be getting ditched if this works<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 1660 so i’m a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable putting on some shares at 80<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
but obviously the better your price can<\/div>\n<\/div>\n<\/div>\n
\n
\n
be the more shares you can actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
build into that position<\/div>\n<\/div>\n<\/div>\n
\n
\n
just the better the rr will be i’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
again i’m just looking to make sure that<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re sustaining at these prices but now<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we’re really holding up<\/div>\n<\/div>\n<\/div>\n
\n
\n
i believe i get in quite quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
one more wash and then once we walk it<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up i’ll be hitting the offers<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so now we push above 1590 and it<\/div>\n<\/div>\n<\/div>\n
\n
\n
looks like this is working properly<\/div>\n<\/div>\n<\/div>\n
\n
\n
properly we’re back above that 16 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so things are looking good for now<\/div>\n<\/div>\n<\/div>\n
\n
\n
and here’s where i enter my uh tier two<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s trying to break above the opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
or that 16-2 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you see i offer summit 1633 there<\/div>\n<\/div>\n<\/div>\n
\n
\n
which may be a little bit early it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
only a quarter of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m just taking some up before the<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual high of day in case we do get<\/div>\n<\/div>\n<\/div>\n
\n
\n
that stuff<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then put some other orders for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual short squeeze move above<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if we do squeeze above 1641 hopefully<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
filled up here in the 1660s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then holding the rest to see if we<\/div>\n<\/div>\n<\/div>\n
\n
\n
can really squeeze higher towards 17.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i will say given how long we<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidate here<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would expect those to squeeze through<\/div>\n<\/div>\n<\/div>\n
\n
\n
highs quicker<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this ends up giving us more of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
fight than i was really expecting or<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
generally these fall through to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
upside like i said like a rubber band<\/div>\n<\/div>\n<\/div>\n
\n
\n
fairly quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this does concern me that it’s taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
this one but there we go<\/div>\n<\/div>\n<\/div>\n
\n
\n
straight through<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i get filled for half my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m out now and looking to see how the<\/div>\n<\/div>\n<\/div>\n
\n
\n
latter half will play out yeah when i<\/div>\n<\/div>\n<\/div>\n
\n
\n
see a move like that guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m gonna bid 26 cents 16 cents 11 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
just in case somebody wants to make a<\/div>\n<\/div>\n<\/div>\n
\n
\n
mistake and hit me on the bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we’re above the intraday<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s made a new high it’s showing us<\/div>\n<\/div>\n<\/div>\n
\n
\n
we don’t know where the top is yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so i i want to add more and i’m just<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to try and add more at a better<\/div>\n<\/div>\n<\/div>\n
\n
\n
price<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah you know so when something makes<\/div>\n<\/div>\n<\/div>\n
\n
\n
that new high<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to bid at a price that i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
is pretty advantageous<\/div>\n<\/div>\n<\/div>\n
\n
\n
to add to my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you have to do that like you have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
do that instinctively you might sit<\/div>\n<\/div>\n<\/div>\n
\n
\n
there and say well i’m never really<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to get it you’re going to get it<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes particularly in something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that has a low float particularly in<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that just moved<\/div>\n<\/div>\n<\/div>\n
\n
\n
that violently to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
particularly when it’s that early in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
morning<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you want to you have to get into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
habit of you know i’m going to bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
26 when it makes that new high i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
bidding 26 16s 11s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and doing that all the time and i feel<\/div>\n<\/div>\n<\/div>\n
\n
\n
like that’s somewhere i could definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
improve is<\/div>\n<\/div>\n<\/div>\n
\n
\n
using technology just hotkeys to be able<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be quick sending in those orders<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s usually my<\/div>\n<\/div>\n<\/div>\n
\n
\n
my issue with that is trying to do it<\/div>\n<\/div>\n<\/div>\n
\n
\n
too much manually setting these orders<\/div>\n<\/div>\n<\/div>\n
\n
\n
20 cents below hoping that i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
filled so that’s something i need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
working on on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
technology side<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so as we go up i’m scaling out as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n
\n
\n
and down to a quarter of my position and<\/div>\n<\/div>\n<\/div>\n
\n
\n
now that the short squeeze has really<\/div>\n<\/div>\n<\/div>\n
\n
\n
happened and confirmed<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m not looking to swing this idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
instead i’m looking to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
are we going to go limit up and you see<\/div>\n<\/div>\n<\/div>\n
\n
\n
that above 17 we actually start stalling<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we can’t really go limit up so<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty quickly i end up getting out of<\/div>\n<\/div>\n<\/div>\n
\n
\n
my final shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
because if this is going to follow<\/div>\n<\/div>\n<\/div>\n
\n
\n
through and go limit up it it should<\/div>\n<\/div>\n<\/div>\n
\n
\n
happen<\/div>\n<\/div>\n<\/div>\n
\n
\n
immediately it shouldn’t be taking this<\/div>\n<\/div>\n<\/div>\n
\n
\n
long consolidating<\/div>\n<\/div>\n<\/div>\n
\n
\n
i believe this is where the tape really<\/div>\n<\/div>\n<\/div>\n
\n
\n
changes to the 17 level and you see i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just got out of my last shares at 17.<\/div>\n<\/div>\n<\/div>\n
\n
\n
we just went so vertically that it seems<\/div>\n<\/div>\n<\/div>\n
\n
\n
like we may need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
have some relief to the downside if<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re going to go any higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s important for these trades is<\/div>\n<\/div>\n<\/div>\n
\n
\n
just trying to engage that momentum and<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it’s starting to turn around<\/div>\n<\/div>\n<\/div>\n
\n
\n
in these short squeezes not overstaying<\/div>\n<\/div>\n<\/div>\n
\n
\n
your welcome in your position<\/div>\n<\/div>\n<\/div>\n
\n
\n
and ty i believe you were flat here as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well yes<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah when you see something vertical<\/div>\n<\/div>\n<\/div>\n
\n
\n
like that you want to pay attention to<\/div>\n<\/div>\n<\/div>\n
\n
\n
how they’re paying the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
and notice when they stop paying the<\/div>\n<\/div>\n<\/div>\n
\n
\n
offers aggressively and when they stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing that<\/div>\n<\/div>\n<\/div>\n
\n
\n
take some take some risk off the table<\/div>\n<\/div>\n<\/div>\n
\n
\n
in above 17 there wasn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
like a continuation in volume and so we<\/div>\n<\/div>\n<\/div>\n
\n
\n
were really watching above those levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and you can even see here with this<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicator we have on the level two<\/div>\n<\/div>\n<\/div>\n
\n
\n
i mean on the squeeze bar almost all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume being done on the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this turnaround bar above 17 almost<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the volume being done in the bid as<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the longs are<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting out of their positions and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
saw that in piton today on the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
right<\/div>\n<\/div>\n<\/div>\n
\n
\n
we noticed the way they were paying the<\/div>\n<\/div>\n<\/div>\n
\n
\n
offer paying the offer paying the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they just stopped paying the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
at a particular price and that happened<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
a shorter term resistance area<\/div>\n<\/div>\n<\/div>\n
\n
\n
super important to take a look at how<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re paying the offers<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the tape and noticing when they stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we can let this play out a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
ends up actually being the top and it<\/div>\n<\/div>\n<\/div>\n
\n
\n
sells off from here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i didn’t get involved for anymore<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i tend to think that i i don’t want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get short for<\/div>\n<\/div>\n<\/div>\n
\n
\n
names like this right now i struggle<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the risk reward of the trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
but something i’m looking into for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
future i know matt took advantage of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
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and there we just see 16 8 break<\/div>\n<\/div>\n<\/div>\n
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yeah and we haven’t seen a dropout like<\/div>\n<\/div>\n<\/div>\n
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this in the name all day<\/div>\n<\/div>\n<\/div>\n
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our thought process here is like we’re<\/div>\n<\/div>\n<\/div>\n
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above the pre-market highs and all-time<\/div>\n<\/div>\n<\/div>\n
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highs so we want to see<\/div>\n<\/div>\n<\/div>\n
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you know find a direction where this<\/div>\n<\/div>\n<\/div>\n
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could really run to<\/div>\n<\/div>\n<\/div>\n
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more just sitting on our hands at this<\/div>\n<\/div>\n<\/div>\n
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point yeah and so i i don’t<\/div>\n<\/div>\n<\/div>\n
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by any means think that the play is over<\/div>\n<\/div>\n<\/div>\n
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and that this thing is just going to<\/div>\n<\/div>\n<\/div>\n
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fade the rest of the day<\/div>\n<\/div>\n<\/div>\n
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but i am thinking if i’m going to get<\/div>\n<\/div>\n<\/div>\n
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along this thing again i want to see<\/div>\n<\/div>\n<\/div>\n
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some consolidation<\/div>\n<\/div>\n<\/div>\n
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you know above these opening prints i<\/div>\n<\/div>\n<\/div>\n
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wanted to show me that it still has<\/div>\n<\/div>\n<\/div>\n
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strength and<\/div>\n<\/div>\n<\/div>\n
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stop showing downside i do think you<\/div>\n<\/div>\n<\/div>\n
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have a trade decision there<\/div>\n<\/div>\n<\/div>\n
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particularly around that 30 cents 26<\/div>\n<\/div>\n<\/div>\n
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area<\/div>\n<\/div>\n<\/div>\n
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you know when it pulls into like 16 26<\/div>\n<\/div>\n<\/div>\n
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16<\/div>\n<\/div>\n<\/div>\n
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30 to just dip your toes into the water<\/div>\n<\/div>\n<\/div>\n
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and by a little bit and then really wait<\/div>\n<\/div>\n<\/div>\n
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for the turn<\/div>\n<\/div>\n<\/div>\n
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to potentially head back i mean it’s<\/div>\n<\/div>\n<\/div>\n
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entirely possible that<\/div>\n<\/div>\n<\/div>\n
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because it’s so early in the day it’s<\/div>\n<\/div>\n<\/div>\n
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entirely possible that<\/div>\n<\/div>\n<\/div>\n
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this thing stalls out and and isn’t<\/div>\n<\/div>\n<\/div>\n
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going to trend for the day<\/div>\n<\/div>\n<\/div>\n
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but you know we did just see this above<\/div>\n<\/div>\n<\/div>\n
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17<\/div>\n<\/div>\n<\/div>\n
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near 1725 and it just pulled in a point<\/div>\n<\/div>\n<\/div>\n
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in a stock that’s above<\/div>\n<\/div>\n<\/div>\n
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the opening range and so<\/div>\n<\/div>\n<\/div>\n
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you may want to think about for your<\/div>\n<\/div>\n<\/div>\n
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trading strategy dipping your toes in<\/div>\n<\/div>\n<\/div>\n
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there<\/div>\n<\/div>\n<\/div>\n
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into a really<\/div>\n<\/div>\n<\/div>\n
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steep decline<\/div>\n<\/div>\n<\/div>\n
\n
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and adding that to your strategy the<\/div>\n<\/div>\n<\/div>\n
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best strategy is you see a turn and you<\/div>\n<\/div>\n<\/div>\n
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save most of your risk for that<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i would have been pretty tempted to<\/div>\n<\/div>\n<\/div>\n
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buy a little bit there<\/div>\n<\/div>\n<\/div>\n
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right right on the bid of 26 cents<\/div>\n<\/div>\n<\/div>\n
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anyway<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’ll just fast forward this we end up<\/div>\n<\/div>\n<\/div>\n
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\n
not seeing much life in it for a little<\/div>\n<\/div>\n<\/div>\n
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while<\/div>\n<\/div>\n<\/div>\n
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uh you know the tape just keeps rolling<\/div>\n<\/div>\n<\/div>\n
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\n
over<\/div>\n<\/div>\n<\/div>\n
\n
\n
we fade all the way back down to this<\/div>\n<\/div>\n<\/div>\n
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1550 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
where for a minute it’s also a view up<\/div>\n<\/div>\n<\/div>\n
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\n
and for a minute it looks like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
might be defended<\/div>\n<\/div>\n<\/div>\n
\n
\n
but once we flush through there that’s<\/div>\n<\/div>\n<\/div>\n
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\n
it for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the rest of the day pretty much and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s why<\/div>\n<\/div>\n<\/div>\n
\n
\n
you dip your toes in and you wait for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the real turn<\/div>\n<\/div>\n<\/div>\n
\n
\n
as opposed to just really buying a ton<\/div>\n<\/div>\n<\/div>\n
\n
\n
based on price<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but yeah that’s that’s essentially it<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this trade hey go ahead and click<\/div>\n<\/div>\n<\/div>\n
\n
\n
our subscribe button so you don’t miss<\/div>\n<\/div>\n<\/div>\n
\n
\n
any of the videos they’re producing for<\/div>\n<\/div>\n<\/div>\n
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you and the trading community and please<\/div>\n<\/div>\n<\/div>\n
\n
\n
take the time to add your feedback<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
\n
\n
video from all of us at smb train<\/div>\n<\/div>\n<\/div>\n
\n
\n
and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn how to trade a SPAC, after a Bill Gates investment, with Tape Reading as revealed by 3 prop traders. Mike Bellafiore and 3 prop traders walk through in tick-by-tick detail how to trade the hottest SPAC in the market with tape reading. Let\u2019s get to work on sharing these important trading lessons so you can grow … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":50124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50122","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHow to trade a SPAC with Tape Reading (3 prop traders reveal) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-to-trade-a-spac-with-tape-reading-3-prop-traders-reveal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to trade a SPAC with Tape Reading (3 prop traders reveal) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, learn how to trade a SPAC, after a Bill Gates investment, with Tape Reading as revealed by 3 prop traders. 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