{"id":50131,"date":"2020-09-18T14:01:40","date_gmt":"2020-09-18T18:01:40","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50131"},"modified":"2020-09-18T14:02:02","modified_gmt":"2020-09-18T18:02:02","slug":"level-2-strategies-every-day-trader-must-know-taught-by-a-prop-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/level-2-strategies-every-day-trader-must-know-taught-by-a-prop-trader","title":{"rendered":"Level 2 Strategies Every Day Trader MUST Know (Taught by a Prop Trader)"},"content":{"rendered":"

In this video, learn level 2 strategies every Day Trader MUST know (taught by a Prop Trader). 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 level two strategies<\/div>\n<\/div>\n<\/div>\n
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every day trader must know<\/div>\n<\/div>\n<\/div>\n
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taught by a prop trader hi i’m mike<\/div>\n<\/div>\n<\/div>\n
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bellafiore co-founder of smb capital and<\/div>\n<\/div>\n<\/div>\n
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we’re a proprietary trading firm located<\/div>\n<\/div>\n<\/div>\n
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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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let’s get to work on sharing these<\/div>\n<\/div>\n<\/div>\n
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important trading lessons so you<\/div>\n<\/div>\n<\/div>\n
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can grow your trading account<\/div>\n<\/div>\n<\/div>\n
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my name is ryan i’m a junior trader here<\/div>\n<\/div>\n<\/div>\n
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at smb capital<\/div>\n<\/div>\n<\/div>\n
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today i’m going to go over a way to<\/div>\n<\/div>\n<\/div>\n
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scalp around your position<\/div>\n<\/div>\n<\/div>\n
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build into a nice core size as a way to<\/div>\n<\/div>\n<\/div>\n
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build up cash flow while you’re looking<\/div>\n<\/div>\n<\/div>\n
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to execute<\/div>\n<\/div>\n<\/div>\n
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a larger larger idea trade so for<\/div>\n<\/div>\n<\/div>\n
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example i’m going to show you a trade in<\/div>\n<\/div>\n<\/div>\n
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apple<\/div>\n<\/div>\n<\/div>\n
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the idea is apple had a really weak<\/div>\n<\/div>\n<\/div>\n
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close the previous day<\/div>\n<\/div>\n<\/div>\n
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had a strong gap up with the overall<\/div>\n<\/div>\n<\/div>\n
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market and the idea is that i’m looking<\/div>\n<\/div>\n<\/div>\n
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to<\/div>\n<\/div>\n<\/div>\n
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build into a long position as the stock<\/div>\n<\/div>\n<\/div>\n
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builds its opening range on the day<\/div>\n<\/div>\n<\/div>\n
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looking to build some cash flow selling<\/div>\n<\/div>\n<\/div>\n
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out into some upwicks<\/div>\n<\/div>\n<\/div>\n
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building back into my position when it<\/div>\n<\/div>\n<\/div>\n
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retraces back down<\/div>\n<\/div>\n<\/div>\n
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eventually looking to solidify my core<\/div>\n<\/div>\n<\/div>\n
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for a larger up move<\/div>\n<\/div>\n<\/div>\n
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back towards the previous day’s highs so<\/div>\n<\/div>\n<\/div>\n
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the context for the trade is apple was<\/div>\n<\/div>\n<\/div>\n
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trading roughly around 117 on the open<\/div>\n<\/div>\n<\/div>\n
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and i’m expecting there would be some<\/div>\n<\/div>\n<\/div>\n
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sort of pull<\/div>\n<\/div>\n<\/div>\n
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back down towards 115 115 50.<\/div>\n<\/div>\n<\/div>\n
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any type of down moves given the overall<\/div>\n<\/div>\n<\/div>\n
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context of the market<\/div>\n<\/div>\n<\/div>\n
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i’m going to be really interested in<\/div>\n<\/div>\n<\/div>\n
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looking to try and buy into a core<\/div>\n<\/div>\n<\/div>\n
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and given the fact that i’m not<\/div>\n<\/div>\n<\/div>\n
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expecting us to have some really crazy<\/div>\n<\/div>\n<\/div>\n
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opening drive to the upside<\/div>\n<\/div>\n<\/div>\n
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just given the fact that we have to<\/div>\n<\/div>\n<\/div>\n
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digest the previous day’s move<\/div>\n<\/div>\n<\/div>\n
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and we really need to see some actual<\/div>\n<\/div>\n<\/div>\n
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strength come in to bring this stock off<\/div>\n<\/div>\n<\/div>\n
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the lows<\/div>\n<\/div>\n<\/div>\n
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and you also need to see some strength<\/div>\n<\/div>\n<\/div>\n
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from the overall market coming in the<\/div>\n<\/div>\n<\/div>\n
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queues for example<\/div>\n<\/div>\n<\/div>\n
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until i see that i’m not going to be<\/div>\n<\/div>\n<\/div>\n
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comfortable holding all of my size<\/div>\n<\/div>\n<\/div>\n
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and that’s when the strategy of reading<\/div>\n<\/div>\n<\/div>\n
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the tape and using the tape to your<\/div>\n<\/div>\n<\/div>\n
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advantage<\/div>\n<\/div>\n<\/div>\n
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in order to scalp out and build up cash<\/div>\n<\/div>\n<\/div>\n
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flow so that your overall risk and<\/div>\n<\/div>\n<\/div>\n
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average price gets better<\/div>\n<\/div>\n<\/div>\n
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that’s when that really comes in handy<\/div>\n<\/div>\n<\/div>\n
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right off the open<\/div>\n<\/div>\n<\/div>\n
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we get a really quick move up to 117.76<\/div>\n<\/div>\n<\/div>\n
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and then a quick rejection down as soon<\/div>\n<\/div>\n<\/div>\n
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as we start coming down into the 116<\/div>\n<\/div>\n<\/div>\n
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30 16 40 area i’m starting to initialize<\/div>\n<\/div>\n<\/div>\n
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my position<\/div>\n<\/div>\n<\/div>\n
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so i’m watching the tape here i’m seeing<\/div>\n<\/div>\n<\/div>\n
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it to be a little bit heavy as it comes<\/div>\n<\/div>\n<\/div>\n
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down towards 116.<\/div>\n<\/div>\n<\/div>\n
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you can kind of see it stall then it<\/div>\n<\/div>\n<\/div>\n
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re-bids back up towards the 30s<\/div>\n<\/div>\n<\/div>\n
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i added one lot two lots<\/div>\n<\/div>\n<\/div>\n
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kind of looking to hold maybe a two lot<\/div>\n<\/div>\n<\/div>\n
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position but willing to get all the way<\/div>\n<\/div>\n<\/div>\n
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up to five lots<\/div>\n<\/div>\n<\/div>\n
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hasn’t given up 116 yet<\/div>\n<\/div>\n<\/div>\n
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just kind of stalling here the opening<\/div>\n<\/div>\n<\/div>\n
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wick down<\/div>\n<\/div>\n<\/div>\n
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added up to a third lot as it continues<\/div>\n<\/div>\n<\/div>\n
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to hold into this 30 cent area<\/div>\n<\/div>\n<\/div>\n
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and we’re still kind of stalling here<\/div>\n<\/div>\n<\/div>\n
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right so as i pause the video<\/div>\n<\/div>\n<\/div>\n
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the biggest thing i’m thinking about<\/div>\n<\/div>\n<\/div>\n
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here is i’m in three lots of my position<\/div>\n<\/div>\n<\/div>\n
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i’m interested in getting potentially up<\/div>\n<\/div>\n<\/div>\n
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to five lots<\/div>\n<\/div>\n<\/div>\n
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and scaling out any move back up towards<\/div>\n<\/div>\n<\/div>\n
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117.<\/div>\n<\/div>\n<\/div>\n
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if 116 drops i’m going to have to be<\/div>\n<\/div>\n<\/div>\n
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really careful with the way i scale in<\/div>\n<\/div>\n<\/div>\n
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to any further ads because there’s a<\/div>\n<\/div>\n<\/div>\n
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potential that<\/div>\n<\/div>\n<\/div>\n
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we completely wick down underneath this<\/div>\n<\/div>\n<\/div>\n
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pre-market consolidation<\/div>\n<\/div>\n<\/div>\n
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we take out 115 and then i’m underwater<\/div>\n<\/div>\n<\/div>\n
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trying to catch a falling knife on a day<\/div>\n<\/div>\n<\/div>\n
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when<\/div>\n<\/div>\n<\/div>\n
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you know if you look at the 15-minute<\/div>\n<\/div>\n<\/div>\n
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chart<\/div>\n<\/div>\n<\/div>\n
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apple’s relatively weak hit a five-day<\/div>\n<\/div>\n<\/div>\n
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low<\/div>\n<\/div>\n<\/div>\n
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and now it’s gapping up back into the<\/div>\n<\/div>\n<\/div>\n
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range kind of the breakdown period from<\/div>\n<\/div>\n<\/div>\n
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midday the previous day<\/div>\n<\/div>\n<\/div>\n
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so i really need to be careful here i<\/div>\n<\/div>\n<\/div>\n
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really need to make sure that if<\/div>\n<\/div>\n<\/div>\n
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i think that the market and the queues<\/div>\n<\/div>\n<\/div>\n
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and apple are going to bottom<\/div>\n<\/div>\n<\/div>\n
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that opening drive or any type of<\/div>\n<\/div>\n<\/div>\n
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retracement from an opening move lower<\/div>\n<\/div>\n<\/div>\n
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i really need to be quick to scalp out<\/div>\n<\/div>\n<\/div>\n
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my risk until i can build into a core<\/div>\n<\/div>\n<\/div>\n
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where apple proves itself says it’s<\/div>\n<\/div>\n<\/div>\n
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going to stay up<\/div>\n<\/div>\n<\/div>\n
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and then potentially we get that opening<\/div>\n<\/div>\n<\/div>\n
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move higher 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<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing right now at the top<\/div>\n<\/div>\n<\/div>\n
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right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window<\/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 i’m<\/div>\n<\/div>\n<\/div>\n
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watching 116 really carefully here<\/div>\n<\/div>\n<\/div>\n
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holds nicely my average price is<\/div>\n<\/div>\n<\/div>\n
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roughly at 41 cents now so it’s a little<\/div>\n<\/div>\n<\/div>\n
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higher than i would have liked would<\/div>\n<\/div>\n<\/div>\n
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have liked to be closer to 20s but<\/div>\n<\/div>\n<\/div>\n
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obviously the stock’s moving very quick<\/div>\n<\/div>\n<\/div>\n
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we get an interesting upside wick there<\/div>\n<\/div>\n<\/div>\n
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i think that’s a late print up at 118<\/div>\n<\/div>\n<\/div>\n
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but we did spike up to 117. it was too<\/div>\n<\/div>\n<\/div>\n
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quick for me to take any profit i don’t<\/div>\n<\/div>\n<\/div>\n
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want to just hit the spread<\/div>\n<\/div>\n<\/div>\n
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but now i’m starting to think okay any<\/div>\n<\/div>\n<\/div>\n
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move back up towards 117 i’m going to be<\/div>\n<\/div>\n<\/div>\n
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really interested in taking off some of<\/div>\n<\/div>\n<\/div>\n
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my size<\/div>\n<\/div>\n<\/div>\n
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so i’m layering out some offers to see<\/div>\n<\/div>\n<\/div>\n
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whether or not it’s going to get up<\/div>\n<\/div>\n<\/div>\n
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there<\/div>\n<\/div>\n<\/div>\n
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a little wick back down towards 116 but<\/div>\n<\/div>\n<\/div>\n
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it’s not breaking yet<\/div>\n<\/div>\n<\/div>\n
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still digesting this little opening move<\/div>\n<\/div>\n<\/div>\n
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lower<\/div>\n<\/div>\n<\/div>\n
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you can see it’s definitely very sticky<\/div>\n<\/div>\n<\/div>\n
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around the 20 to 30 cent area and by<\/div>\n<\/div>\n<\/div>\n
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sticky i mean<\/div>\n<\/div>\n<\/div>\n
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when the stock comes down to that price<\/div>\n<\/div>\n<\/div>\n
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it kind of sits there for<\/div>\n<\/div>\n<\/div>\n
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maybe a half a second and then pushes<\/div>\n<\/div>\n<\/div>\n
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back up towards the top of the range<\/div>\n<\/div>\n<\/div>\n
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50 60 cent area<\/div>\n<\/div>\n<\/div>\n
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average price still 40 cents<\/div>\n<\/div>\n<\/div>\n
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a little bit of size came in on the 40s<\/div>\n<\/div>\n<\/div>\n
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and stock like apple i’m not really too<\/div>\n<\/div>\n<\/div>\n
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interested in watching<\/div>\n<\/div>\n<\/div>\n
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size get stacked on the offers unless<\/div>\n<\/div>\n<\/div>\n
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it’s some type of key technical level or<\/div>\n<\/div>\n<\/div>\n
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a whole number<\/div>\n<\/div>\n<\/div>\n
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so i’m still hanging in there add it up<\/div>\n<\/div>\n<\/div>\n
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to another lot<\/div>\n<\/div>\n<\/div>\n
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so now i’m in four lots total<\/div>\n<\/div>\n<\/div>\n
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looking to scalp out probably one or two<\/div>\n<\/div>\n<\/div>\n
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lots as we push up towards 117.<\/div>\n<\/div>\n<\/div>\n
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so now i’m thinking if we break above<\/div>\n<\/div>\n<\/div>\n
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like 60 cents i’m expecting to get that<\/div>\n<\/div>\n<\/div>\n
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upside wick that can<\/div>\n<\/div>\n<\/div>\n
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cover a little bit of my risk<\/div>\n<\/div>\n<\/div>\n
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get about 60 cents<\/div>\n<\/div>\n<\/div>\n
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very quickly into the 70s watching how<\/div>\n<\/div>\n<\/div>\n
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it comes into 117<\/div>\n<\/div>\n<\/div>\n
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thinking it might possibly break but any<\/div>\n<\/div>\n<\/div>\n
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quick failures here i’m definitely going<\/div>\n<\/div>\n<\/div>\n
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to take off two lots<\/div>\n<\/div>\n<\/div>\n
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took one lot off there<\/div>\n<\/div>\n<\/div>\n
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kind of flicking around<\/div>\n<\/div>\n<\/div>\n
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if we get back up into the 80s i’m<\/div>\n<\/div>\n<\/div>\n
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thinking i’m just going to take off that<\/div>\n<\/div>\n<\/div>\n
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other lot<\/div>\n<\/div>\n<\/div>\n
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took it off right there so now i’m back<\/div>\n<\/div>\n<\/div>\n
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into my 2 lock core<\/div>\n<\/div>\n<\/div>\n
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average price 1 16 40 but i just took<\/div>\n<\/div>\n<\/div>\n
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off 40 cents of risk<\/div>\n<\/div>\n<\/div>\n
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so now if we drop 116 i’m in a little<\/div>\n<\/div>\n<\/div>\n
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bit of a better position<\/div>\n<\/div>\n<\/div>\n
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to potentially work that down<\/div>\n<\/div>\n<\/div>\n
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essentially you can think about it as my<\/div>\n<\/div>\n<\/div>\n
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average price is now 116<\/div>\n<\/div>\n<\/div>\n
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which is the area that i’m wondering if<\/div>\n<\/div>\n<\/div>\n
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we drop out from there<\/div>\n<\/div>\n<\/div>\n
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and we hold 115. i’m going to be scaling<\/div>\n<\/div>\n<\/div>\n
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into that again<\/div>\n<\/div>\n<\/div>\n
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so lo and behold<\/div>\n<\/div>\n<\/div>\n
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we’re still spending some time here i<\/div>\n<\/div>\n<\/div>\n
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haven’t touched it<\/div>\n<\/div>\n<\/div>\n
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haven’t touched it dips back into the<\/div>\n<\/div>\n<\/div>\n
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40s<\/div>\n<\/div>\n<\/div>\n
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i put on another lot now i’m up to three<\/div>\n<\/div>\n<\/div>\n
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lots<\/div>\n<\/div>\n<\/div>\n
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again my average price is technically<\/div>\n<\/div>\n<\/div>\n
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probably somewhere around 1<\/div>\n<\/div>\n<\/div>\n
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16 20 at this point but on paper my<\/div>\n<\/div>\n<\/div>\n
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average price is 48 cents<\/div>\n<\/div>\n<\/div>\n
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we’ve got to move back into the 80s<\/div>\n<\/div>\n<\/div>\n
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layer out an offer not sure if this<\/div>\n<\/div>\n<\/div>\n
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offer gets taken<\/div>\n<\/div>\n<\/div>\n
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i move my offer down a little bit just<\/div>\n<\/div>\n<\/div>\n
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because i can see<\/div>\n<\/div>\n<\/div>\n
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kind of feel momentum slowing here<\/div>\n<\/div>\n<\/div>\n
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you can see we’re having a really hard<\/div>\n<\/div>\n<\/div>\n
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time getting and holding above 80 cents<\/div>\n<\/div>\n<\/div>\n
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which is kind of the top of this range<\/div>\n<\/div>\n<\/div>\n
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you know you can think about this as<\/div>\n<\/div>\n<\/div>\n
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being kind of a shelf right here<\/div>\n<\/div>\n<\/div>\n
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kind of 117. no reason to add a momentum<\/div>\n<\/div>\n<\/div>\n
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lot<\/div>\n<\/div>\n<\/div>\n
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or add another lot and not take it out<\/div>\n<\/div>\n<\/div>\n
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when you get 40 cents on it<\/div>\n<\/div>\n<\/div>\n
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so now i’m still kind of hanging out my<\/div>\n<\/div>\n<\/div>\n
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average price has moved up to 50 cents<\/div>\n<\/div>\n<\/div>\n
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but that’s okay because i’ve now taken<\/div>\n<\/div>\n<\/div>\n
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three lots off for a 50 cent profit 40<\/div>\n<\/div>\n<\/div>\n
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to 50 profit and now i’m just waiting to<\/div>\n<\/div>\n<\/div>\n
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see we got to break over 117 potentially<\/div>\n<\/div>\n<\/div>\n
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i’ll add a<\/div>\n<\/div>\n<\/div>\n
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another momentum lot and if we flush 116<\/div>\n<\/div>\n<\/div>\n
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i’ll have a trade decision to make<\/div>\n<\/div>\n<\/div>\n
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i want to see how that flush happens i<\/div>\n<\/div>\n<\/div>\n
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want to see where the cues are at that<\/div>\n<\/div>\n<\/div>\n
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\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if that flush looks like something<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s potentially viable<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll look to work into a five lap<\/div>\n<\/div>\n<\/div>\n
\n
\n
maximum<\/div>\n<\/div>\n<\/div>\n
\n
\n
again scaling out into any moves in my<\/div>\n<\/div>\n<\/div>\n
\n
\n
favor<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we get the 116 flush move all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to 80 cents i haven’t done anything<\/div>\n<\/div>\n<\/div>\n
\n
\n
yet i’m looking to see how this moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
this move develops<\/div>\n<\/div>\n<\/div>\n
\n
\n
sorry i’ll rewind that a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
now any push towards 1 15 50 i’m going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to slowly look to add some lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
got up to a third lot right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m using this entire base<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
as a little bit of help a little bit of<\/div>\n<\/div>\n<\/div>\n
\n
\n
support as we flush lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
i got another lot there in the 40s<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ultimate stop on this is if this<\/div>\n<\/div>\n<\/div>\n
\n
\n
entire consolidation breaks<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m gonna take the loss i’ll probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
lose a point on it but if i lose a point<\/div>\n<\/div>\n<\/div>\n
\n
\n
on three four five lots and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i made half a point on three lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the risk reward ends up being a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit better than just taking a<\/div>\n<\/div>\n<\/div>\n
\n
\n
full stop on that entire full lot size<\/div>\n<\/div>\n<\/div>\n
\n
\n
usually in these situations if you take<\/div>\n<\/div>\n<\/div>\n
\n
\n
a full-size loss on those<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to feel a little bit worse<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you don’t have any cash flow built up<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re developing and you’re not yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
there where you can read the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re still trying to learn the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
to flow with a stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
my suggestion would be pick your niche<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever your niche is let’s say you<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade low floats let’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
say you trade the market let’s say you<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade high beta stocks<\/div>\n<\/div>\n<\/div>\n
\n
\n
pick one that you can get a feeling for<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you have some some success with<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade it on paper watch how the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
develops apple will very<\/div>\n<\/div>\n<\/div>\n
\n
\n
often dip down to these levels kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
take out little wick consolidations it<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of trades like spy in that way<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not going to hold levels very<\/div>\n<\/div>\n<\/div>\n
\n
\n
clearly you need to see how it behaves<\/div>\n<\/div>\n<\/div>\n
\n
\n
around those areas<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’ll very often re-bid after a wick out<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit of a stop run<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can kind of see it stop runs this<\/div>\n<\/div>\n<\/div>\n
\n
\n
area stop runs this area<\/div>\n<\/div>\n<\/div>\n
\n
\n
very quickly re-bids about 50 cents so<\/div>\n<\/div>\n<\/div>\n
\n
\n
at this point i’m in four lots i’m very<\/div>\n<\/div>\n<\/div>\n
\n
\n
close to adding my fifth lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
and any move back above 116<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to take that 50 to 60 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up towards my average price<\/div>\n<\/div>\n<\/div>\n
\n
\n
because of my core is from 116 two lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i have five lots down<\/div>\n<\/div>\n<\/div>\n
\n
\n
now where i’m adding in the 50s the 40s<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 60s of 115<\/div>\n<\/div>\n<\/div>\n
\n
\n
tossing those out back above 116. i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently moving my average price<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower and lower and lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
while also adding cash flow on these<\/div>\n<\/div>\n<\/div>\n
\n
\n
little wiggles<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now i’m back up to full size all five<\/div>\n<\/div>\n<\/div>\n
\n
\n
lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
any of these moves above 116 i’m going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take an opportunity to take some off<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get a really nice retracement pop<\/div>\n<\/div>\n<\/div>\n
\n
\n
right up to the 1 16 30s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you could see me aggressively taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
size off got<\/div>\n<\/div>\n<\/div>\n
\n
\n
literally all the way right back to my<\/div>\n<\/div>\n<\/div>\n
\n
\n
core because i just got a point on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
scalp<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now i have a point that i just made<\/div>\n<\/div>\n<\/div>\n
\n
\n
on three lots i’ve made<\/div>\n<\/div>\n<\/div>\n
\n
\n
40 cents on three lots before so now you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can do the math on that pretty easily<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m now basically i’ve made myself two<\/div>\n<\/div>\n<\/div>\n
\n
\n
points on a trade where<\/div>\n<\/div>\n<\/div>\n
\n
\n
the idea hasn’t even played out yet the<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea on this day<\/div>\n<\/div>\n<\/div>\n
\n
\n
is for this swing high from the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
day to be taken out and for us to<\/div>\n<\/div>\n<\/div>\n
\n
\n
potentially gap fill from that day<\/div>\n<\/div>\n<\/div>\n
\n
\n
before<\/div>\n<\/div>\n<\/div>\n
\n
\n
so on a scenario like that i’m targeting<\/div>\n<\/div>\n<\/div>\n
\n
\n
119 i’m targeting 120 for spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
or i’m sorry for apple and we literally<\/div>\n<\/div>\n<\/div>\n
\n
\n
haven’t even moved out of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market range but here i am already<\/div>\n<\/div>\n<\/div>\n
\n
\n
sitting in the money<\/div>\n<\/div>\n<\/div>\n
\n
\n
up about two points on two lots so<\/div>\n<\/div>\n<\/div>\n
\n
\n
effectively<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ve moved my average price all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to 114. you don’t have to think<\/div>\n<\/div>\n<\/div>\n
\n
\n
about it that way<\/div>\n<\/div>\n<\/div>\n
\n
\n
you think about it as having cash flow<\/div>\n<\/div>\n<\/div>\n
\n
\n
still risk the right opportunities<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know you don’t want to say oh my my<\/div>\n<\/div>\n<\/div>\n
\n
\n
average price is 114 so i’m just going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to take this all the way down if apple<\/div>\n<\/div>\n<\/div>\n
\n
\n
completely fails<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stop on this trade is still 115 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you still have to be really careful with<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now that i’m sitting in my core the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next trade decision is<\/div>\n<\/div>\n<\/div>\n
\n
\n
if if apple pulls back and we get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of a move to the downside<\/div>\n<\/div>\n<\/div>\n
\n
\n
do we put in a higher low and what does<\/div>\n<\/div>\n<\/div>\n
\n
\n
a higher low look like<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it was being a little bit aggressive<\/div>\n<\/div>\n<\/div>\n
\n
\n
here as it’s holding this 1 16 30 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of the level where you saw me<\/div>\n<\/div>\n<\/div>\n
\n
\n
scaling in before<\/div>\n<\/div>\n<\/div>\n
\n
\n
but in my mind i know that if this drops<\/div>\n<\/div>\n<\/div>\n
\n
\n
116 i’m going to have to puke<\/div>\n<\/div>\n<\/div>\n
\n
\n
potentially everything because i i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
also watching the cues i don’t want the<\/div>\n<\/div>\n<\/div>\n
\n
\n
cues to fail from view at<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i know i can always get back in and<\/div>\n<\/div>\n<\/div>\n
\n
\n
restart<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i said i’ve already built up a<\/div>\n<\/div>\n<\/div>\n
\n
\n
decent amount of cash flow on the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
the idea is not invalidated unless 115<\/div>\n<\/div>\n<\/div>\n
\n
\n
gets broken<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i can always get back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now i’m sitting in i actually got up<\/div>\n<\/div>\n<\/div>\n
\n
\n
to six lots on this one<\/div>\n<\/div>\n<\/div>\n
\n
\n
you kind of see we’re we’re still<\/div>\n<\/div>\n<\/div>\n
\n
\n
spending some time above 116 here 1 16<\/div>\n<\/div>\n<\/div>\n
\n
\n
30s<\/div>\n<\/div>\n<\/div>\n
\n
\n
skip the head a little bit so as you see<\/div>\n<\/div>\n<\/div>\n
\n
\n
a really nice compression here<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s two things that can happen we<\/div>\n<\/div>\n<\/div>\n
\n
\n
can either break to the upside and get<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 160 117<\/div>\n<\/div>\n<\/div>\n
\n
\n
or again i’m going to scale all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
back down to my core or we drop out<\/div>\n<\/div>\n<\/div>\n
\n
\n
116 and i have to see whether or not we<\/div>\n<\/div>\n<\/div>\n
\n
\n
make a higher low<\/div>\n<\/div>\n<\/div>\n
\n
\n
that move can happen kind of violently<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if it happens really violently i<\/div>\n<\/div>\n<\/div>\n
\n
\n
might just tell it all<\/div>\n<\/div>\n<\/div>\n
\n
\n
and reset and see if these bids step in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so very quickly we get back into the 80s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the 70s<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m sitting in this position i’m all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
way up to six lots so i have to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
really careful here<\/div>\n<\/div>\n<\/div>\n
\n
\n
any move underneath like 60 or 70 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m more than likely just gonna get out<\/div>\n<\/div>\n<\/div>\n
\n
\n
reset<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe be somewhere around flat on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
overall idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i’m still not sure about whether or<\/div>\n<\/div>\n<\/div>\n
\n
\n
not apple’s really gonna have what it<\/div>\n<\/div>\n<\/div>\n
\n
\n
takes<\/div>\n<\/div>\n<\/div>\n
\n
\n
to make this larger context move that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m interested in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m looking to be flexible i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking to be nimble i’m looking to stay<\/div>\n<\/div>\n<\/div>\n
\n
\n
involved in the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if this wick right here doesn’t stay<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we get some type of flush into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
50s i’m more than likely going to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
to exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get that flush i quickly get out i<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to make sure the low of the day at<\/div>\n<\/div>\n<\/div>\n
\n
\n
26 cents doesn’t get taken out<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it doesn’t get taken out i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
they barely hold it there we start to<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-bid get back into the 60s and 70s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and now i’m reinitializing my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m about flat on the overall trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i now i know the real risk is<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely 115. 115 gets taken out i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think the trade idea is invalidated<\/div>\n<\/div>\n<\/div>\n
\n
\n
but now i have some levels to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
against i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
gotten a feel for the way that the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape’s flowing i’m not necessarily just<\/div>\n<\/div>\n<\/div>\n
\n
\n
sitting flat-footed riding this down you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
i still think the idea is valid<\/div>\n<\/div>\n<\/div>\n
\n
\n
so as we’re kind of stalling here on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape i worked up in<\/div>\n<\/div>\n<\/div>\n
\n
\n
back into a core so now i have a core<\/div>\n<\/div>\n<\/div>\n
\n
\n
from 64 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stop on the day is 115 about 60 risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
on my on my core so any<\/div>\n<\/div>\n<\/div>\n
\n
\n
40 50 increments i get on any ads i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be quickly taking off<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m all the way up to four lots now<\/div>\n<\/div>\n<\/div>\n
\n
\n
any wick above 116 i’m going to likely<\/div>\n<\/div>\n<\/div>\n
\n
\n
take<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get the push back up towards 116.<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of the previous failure point of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that consolidation is right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so any thrust up into the 20s i’m likely<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to take off and get all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
back down to my core<\/div>\n<\/div>\n<\/div>\n
\n
\n
get the push here i want to see how it<\/div>\n<\/div>\n<\/div>\n
\n
\n
behaves<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the way up to my fifth lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now i’m watching really carefully<\/div>\n<\/div>\n<\/div>\n
\n
\n
here to make sure we’re not getting some<\/div>\n<\/div>\n<\/div>\n
\n
\n
type of wedge breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m all the way up back into six lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
here so if we do flush 50 cents i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be really quick to get out<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can’t afford to watch this go all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
way under 115 full size<\/div>\n<\/div>\n<\/div>\n
\n
\n
my average price is all the way down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
1 15 80 now so i’m still in the money 20<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents or so<\/div>\n<\/div>\n<\/div>\n
\n
\n
in a relatively decent spot any moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 30 cents i think are gonna be<\/div>\n<\/div>\n<\/div>\n
\n
\n
great opportunities for me to scale out<\/div>\n<\/div>\n<\/div>\n
\n
\n
again six lots my core size is two lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you know your core size<\/div>\n<\/div>\n<\/div>\n
\n
\n
ahead of time it’s very easy to know<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you’re a little bit too heavy when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re a little bit too light<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can use those opportunities to<\/div>\n<\/div>\n<\/div>\n
\n
\n
take advantage of the way the tape is<\/div>\n<\/div>\n<\/div>\n
\n
\n
wiggling<\/div>\n<\/div>\n<\/div>\n
\n
\n
before you get some big momentum break<\/div>\n<\/div>\n<\/div>\n
\n
\n
nice move to 40 cents or so<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing a good job holding this thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
we could potentially break this little<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing high right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
now i’m thinking one 1650 gets broken<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to try and scale<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the way back down to my core<\/div>\n<\/div>\n<\/div>\n
\n
\n
two lots off right there previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
failure point<\/div>\n<\/div>\n<\/div>\n
\n
\n
117 a little bit of a psych level on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
day<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to three lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
and on that 117 break i get down to my<\/div>\n<\/div>\n<\/div>\n
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two lots<\/div>\n<\/div>\n<\/div>\n
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so now<\/div>\n<\/div>\n<\/div>\n
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i’ve worked my way into a core of 200<\/div>\n<\/div>\n<\/div>\n
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shares my price is 116 again<\/div>\n<\/div>\n<\/div>\n
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i know the real stop on the day is now<\/div>\n<\/div>\n<\/div>\n
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low of day 1 15 26 about 80 cent stop<\/div>\n<\/div>\n<\/div>\n
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but i just got a point on four lots and<\/div>\n<\/div>\n<\/div>\n
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i’m in a two lot size<\/div>\n<\/div>\n<\/div>\n
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so you can make the argument why aren’t<\/div>\n<\/div>\n<\/div>\n
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you holding all of your size for the<\/div>\n<\/div>\n<\/div>\n
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bigger move<\/div>\n<\/div>\n<\/div>\n
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why are you getting being so quick in<\/div>\n<\/div>\n<\/div>\n
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and out you know are you paying all<\/div>\n<\/div>\n<\/div>\n
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these fees are you doing this or that<\/div>\n<\/div>\n<\/div>\n
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the moral of story is the idea is never<\/div>\n<\/div>\n<\/div>\n
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invalidated<\/div>\n<\/div>\n<\/div>\n
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the idea that i can find better areas to<\/div>\n<\/div>\n<\/div>\n
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risk against<\/div>\n<\/div>\n<\/div>\n
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better areas to build into a very solid<\/div>\n<\/div>\n<\/div>\n
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core<\/div>\n<\/div>\n<\/div>\n
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and then let the stock work and<\/div>\n<\/div>\n<\/div>\n
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capitalize on these wiggles<\/div>\n<\/div>\n<\/div>\n
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by using my tape reading skills it’s<\/div>\n<\/div>\n<\/div>\n
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perfectly okay<\/div>\n<\/div>\n<\/div>\n
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to just pick a level to risk off put<\/div>\n<\/div>\n<\/div>\n
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your size on<\/div>\n<\/div>\n<\/div>\n
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and size in but as you get a little bit<\/div>\n<\/div>\n<\/div>\n
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more sophisticated with your tape<\/div>\n<\/div>\n<\/div>\n
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reading abilities<\/div>\n<\/div>\n<\/div>\n
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you can build up cash flow so that if<\/div>\n<\/div>\n<\/div>\n
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you are wrong on a trade<\/div>\n<\/div>\n<\/div>\n
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\n
and the overall idea ends up stopping<\/div>\n<\/div>\n<\/div>\n
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you out you could have still even made<\/div>\n<\/div>\n<\/div>\n
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money on the process<\/div>\n<\/div>\n<\/div>\n
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\n
so like you saw when i got wicked<\/div>\n<\/div>\n<\/div>\n
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\n
underneath on six lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i had six lots and i look we moved<\/div>\n<\/div>\n<\/div>\n
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all the way back down<\/div>\n<\/div>\n<\/div>\n
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to one fifteen sixty even on this move<\/div>\n<\/div>\n<\/div>\n
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\n
right here when i was in six lots<\/div>\n<\/div>\n<\/div>\n
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i wasn’t even down on the position i was<\/div>\n<\/div>\n<\/div>\n
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probably pretty close to flat<\/div>\n<\/div>\n<\/div>\n
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\n
so my head was still in a great space<\/div>\n<\/div>\n<\/div>\n
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when they made a higher low i was able<\/div>\n<\/div>\n<\/div>\n
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to scale back in and then i very quickly<\/div>\n<\/div>\n<\/div>\n
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\n
got a point and a half on that move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and established into a very nice core<\/div>\n<\/div>\n<\/div>\n
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\n
and then from there<\/div>\n<\/div>\n<\/div>\n
\n
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apple ends up just consolidating kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
wedging the rest of the session<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was working my way in kind of doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
the same thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know stopping out when i didn’t have<\/div>\n<\/div>\n<\/div>\n
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\n
enough or stopping out when i had too<\/div>\n<\/div>\n<\/div>\n
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\n
much and it went too far against me<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting back in building into a solid<\/div>\n<\/div>\n<\/div>\n
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\n
core what you’ll see<\/div>\n<\/div>\n<\/div>\n
\n
\n
ends up playing out<\/div>\n<\/div>\n<\/div>\n
\n
\n
this right here this compression this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a 15 minute chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
throughout this entire compression i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
been building in building in building in<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking off<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we start to get a really nice<\/div>\n<\/div>\n<\/div>\n
\n
\n
sit sit sit sit sit<\/div>\n<\/div>\n<\/div>\n
\n
\n
you see before 15 30 45 an hour an hour<\/div>\n<\/div>\n<\/div>\n
\n
\n
15<\/div>\n<\/div>\n<\/div>\n
\n
\n
we stay in probably about a 50 cent band<\/div>\n<\/div>\n<\/div>\n
\n
\n
once that band breaks to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
towards 119<\/div>\n<\/div>\n<\/div>\n
\n
\n
you start to see apple curl up a little<\/div>\n<\/div>\n<\/div>\n
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\n
bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s around one o’clock it’s not the<\/div>\n<\/div>\n<\/div>\n
\n
\n
best time to think that you’re going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
really get some type of momentum break<\/div>\n<\/div>\n<\/div>\n
\n
\n
we barely stop out anyone short from the<\/div>\n<\/div>\n<\/div>\n
\n
\n
top of this wick from the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
session<\/div>\n<\/div>\n<\/div>\n
\n
\n
scale out into those moves you can kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of see<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is all this is me very active very<\/div>\n<\/div>\n<\/div>\n
\n
\n
active scaling out<\/div>\n<\/div>\n<\/div>\n
\n
\n
very active very active this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
everything you just saw in the video<\/div>\n<\/div>\n<\/div>\n
\n
\n
then we start to compress<\/div>\n<\/div>\n<\/div>\n
\n
\n
i buy a little more by a little more by<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little more we get the momentum break<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you guys saw i sell out into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then just kind of ride it into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
potential highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
so again that’s a great way to use your<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape reading skills<\/div>\n<\/div>\n<\/div>\n
\n
\n
to build into a core get some cash flow<\/div>\n<\/div>\n<\/div>\n
\n
\n
to manage your risk properly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and eventually have a really nice size<\/div>\n<\/div>\n<\/div>\n
\n
\n
position for a much larger move hey go<\/div>\n<\/div>\n<\/div>\n
\n
\n
ahead and click our subscribe button so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you don’t miss any of the videos they’re<\/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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\n
community and please<\/div>\n<\/div>\n<\/div>\n
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\n
take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
\n
\n
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<\/div>\n<\/div>\n<\/div>\n
\n
\n
train 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 level 2 strategies every Day Trader MUST know (taught by a Prop Trader). 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