{"id":5014,"date":"2010-05-25T18:45:02","date_gmt":"2010-05-25T22:45:02","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=5014"},"modified":"2010-05-25T21:42:44","modified_gmt":"2010-05-26T01:42:44","slug":"awesome-awesome-awesome","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome","title":{"rendered":"Awesome, Awesome, Awesome!!!!!"},"content":{"rendered":"<p>I woke up to a dream today and it was the market!  If you are a short-term trader then it is time to start brown bagging your lunch if you haven&#8217;t already.  Today&#8217;s final 80 minutes of trading provided as much opportunity as you see in an entire trading day.  This followed the meltdown we saw yesterday in the final 30 minutes.<\/p>\n<p>As I often say to our traders in the AM Meeting during this kind of market &#8220;Don&#8217;t get taken out of the game early.&#8221;  In other words,  if you don&#8217;t hit your daily loss limit on the Open you are probably going to have a pretty good day.<\/p>\n<p>There are three basic ways to make money in the market right now.<\/p>\n<p>1)  Be aggressive on the Open above\/below important SPY levels<br \/>\n2)  Identify the strongest\/weakest stocks during the Open and be in them when they break later in the day if the market breaks in the same direction as the particular stocks<br \/>\n3) Make the much wider spreads that are being offered <\/p>\n<p>Take a look at the intraday chart below of GS.  It showed relative strength on the Open and when the buy program was turned on at 2:40pm it broke above 140 resistance.  This is an example of #2 above.<\/p>\n<p>#3 is really only for traders who have been trading for a minimum of three years and can identify real buying\/selling on the tape. But if you have that skill then AAPL was certainly a lot of fun in the final 20 minutes.<\/p>\n<p>An example of #1 was shorting the SPYs below 104.60 at 9:40AM this morning.  It didn&#8217;t lead to much of a down move but you want to take that trade every time because in a fragile market the bids can just drop out when a key support level breaks.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140-300x196.png\" alt=\"\" title=\"gs 140\" width=\"300\" height=\"196\" class=\"alignnone size-medium wp-image-5015\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140-300x196.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140.png 550w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I woke up to a dream today and it was the market! If you are a short-term trader then it is time to start brown bagging your lunch if you haven&#8217;t already. Today&#8217;s final 80 minutes of trading provided as much opportunity as you see in an entire trading day. This followed the meltdown we saw yesterday in the final &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[525],"class_list":["post-5014","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-awesome","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Awesome, Awesome, Awesome!!!!! | 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\/awesome-awesome-awesome\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Awesome, Awesome, Awesome!!!!! | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I woke up to a dream today and it was the market! If you are a short-term trader then it is time to start brown bagging your lunch if you haven&#8217;t already. Today&#8217;s final 80 minutes of trading provided as much opportunity as you see in an entire trading day. This followed the meltdown we saw yesterday in the final ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-25T22:45:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-05-26T01:42:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140-300x196.png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"Awesome, Awesome, Awesome!!!!!\",\"datePublished\":\"2010-05-25T22:45:02+00:00\",\"dateModified\":\"2010-05-26T01:42:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\"},\"wordCount\":305,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/05\/gs-140-300x196.png\",\"keywords\":[\"awesome\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/awesome-awesome-awesome\",\"name\":\"Awesome, Awesome, Awesome!!!!! 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