{"id":50237,"date":"2020-10-30T10:16:03","date_gmt":"2020-10-30T14:16:03","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50237"},"modified":"2020-11-02T15:05:45","modified_gmt":"2020-11-02T20:05:45","slug":"specific-rules-are-required-to-make-money-trading-spy","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/specific-rules-are-required-to-make-money-trading-spy","title":{"rendered":"Specific Rules Are Required to Make Money Trading SPY"},"content":{"rendered":"

Do you ever wonder whether you should stop trading SPY? You have some great trades in SPY but overall you just don\u2019t make money. In this video we share the specific variables that went into a winning trade in SPY and how you could make this into a profitable trading symbol for your trading.<\/p>\nView Video Transcript<\/strong><\/span>

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so do you ever wonder whether you should<\/div>\n<\/div>\n<\/div>\n
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stop<\/div>\n<\/div>\n<\/div>\n
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trading spy you have some great trades<\/div>\n<\/div>\n<\/div>\n
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in spy but overall you just don’t make<\/div>\n<\/div>\n<\/div>\n
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money<\/div>\n<\/div>\n<\/div>\n
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in this video we share an example of<\/div>\n<\/div>\n<\/div>\n
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specific rules<\/div>\n<\/div>\n<\/div>\n
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that lead to making money and spy hi<\/div>\n<\/div>\n<\/div>\n
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mike bellafiore co-founder of smb<\/div>\n<\/div>\n<\/div>\n
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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 we share specific<\/div>\n<\/div>\n<\/div>\n
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variables<\/div>\n<\/div>\n<\/div>\n
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that went into a winning trade in spy<\/div>\n<\/div>\n<\/div>\n
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and how you can make<\/div>\n<\/div>\n<\/div>\n
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this into a profitable trading symbol<\/div>\n<\/div>\n<\/div>\n
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for your trading let’s get to work<\/div>\n<\/div>\n<\/div>\n
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on sharing these important trading<\/div>\n<\/div>\n<\/div>\n
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lessons so you can grow your trading<\/div>\n<\/div>\n<\/div>\n
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account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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all right so this is a extreme tick fade<\/div>\n<\/div>\n<\/div>\n
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trade i took on spy on monday<\/div>\n<\/div>\n<\/div>\n
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and this also uh kind of gave me some<\/div>\n<\/div>\n<\/div>\n
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more information to exit out of a<\/div>\n<\/div>\n<\/div>\n
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snapchat<\/div>\n<\/div>\n<\/div>\n
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short and then end up flipping along in<\/div>\n<\/div>\n<\/div>\n
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spy<\/div>\n<\/div>\n<\/div>\n
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and so at this point spies sold off<\/div>\n<\/div>\n<\/div>\n
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seven points it’s down two percent on<\/div>\n<\/div>\n<\/div>\n
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the day<\/div>\n<\/div>\n<\/div>\n
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so just steep selling all day<\/div>\n<\/div>\n<\/div>\n
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as well as uh i think there’s<\/div>\n<\/div>\n<\/div>\n
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three or four extreme ticks so the one<\/div>\n<\/div>\n<\/div>\n
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that’s being printed right now<\/div>\n<\/div>\n<\/div>\n
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is the fifth extreme tick of the day and<\/div>\n<\/div>\n<\/div>\n
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this is right into<\/div>\n<\/div>\n<\/div>\n
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336 which is a pretty strong long term<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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can you explain what you mean by extreme<\/div>\n<\/div>\n<\/div>\n
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tick<\/div>\n<\/div>\n<\/div>\n
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you can kind of see this i would say<\/div>\n<\/div>\n<\/div>\n
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indicator in a way down here<\/div>\n<\/div>\n<\/div>\n
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so it ranges from typically like plus a<\/div>\n<\/div>\n<\/div>\n
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thousand would be an extreme positive<\/div>\n<\/div>\n<\/div>\n
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tick<\/div>\n<\/div>\n<\/div>\n
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and minus a thousand would be an extreme<\/div>\n<\/div>\n<\/div>\n
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negative take so it’s the amount of<\/div>\n<\/div>\n<\/div>\n
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stocks in the nyse that are either up<\/div>\n<\/div>\n<\/div>\n
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taking or down ticking at the same time<\/div>\n<\/div>\n<\/div>\n
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so when you see a reading at negative a<\/div>\n<\/div>\n<\/div>\n
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thousand<\/div>\n<\/div>\n<\/div>\n
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that indicator is nyse tick<\/div>\n<\/div>\n<\/div>\n
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yeah often times you can<\/div>\n<\/div>\n<\/div>\n
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find it by typing in a dollar sign<\/div>\n<\/div>\n<\/div>\n
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t-i-c-k or t-i-c-k<\/div>\n<\/div>\n<\/div>\n
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on your platform along with the uh the<\/div>\n<\/div>\n<\/div>\n
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tick<\/div>\n<\/div>\n<\/div>\n
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index you can also uh pair it with the<\/div>\n<\/div>\n<\/div>\n
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a.d line which would just be dollar sign<\/div>\n<\/div>\n<\/div>\n
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add which is also a very good<\/div>\n<\/div>\n<\/div>\n
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uh kind of index to watch along with<\/div>\n<\/div>\n<\/div>\n
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tick when you’re trading spy<\/div>\n<\/div>\n<\/div>\n
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so then i’ll get this started yeah so i<\/div>\n<\/div>\n<\/div>\n
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just wanted to kind of point this off<\/div>\n<\/div>\n<\/div>\n
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so we’re coming in selling off steeply<\/div>\n<\/div>\n<\/div>\n
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and then i’ll flip over to my<\/div>\n<\/div>\n<\/div>\n
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entry spot so whenever i want to get<\/div>\n<\/div>\n<\/div>\n
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involved so at this point i<\/div>\n<\/div>\n<\/div>\n
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had already closed out my my snapchat<\/div>\n<\/div>\n<\/div>\n
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just due to the extreme tick and the<\/div>\n<\/div>\n<\/div>\n
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over extension in the market<\/div>\n<\/div>\n<\/div>\n
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but whenever i want to flip long on a<\/div>\n<\/div>\n<\/div>\n
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extreme tick what was the extreme tick<\/div>\n<\/div>\n<\/div>\n
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sam minus 1<\/div>\n<\/div>\n<\/div>\n
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100 so pretty extreme the<\/div>\n<\/div>\n<\/div>\n
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the whole day we’ve been holding below<\/div>\n<\/div>\n<\/div>\n
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the zero line<\/div>\n<\/div>\n<\/div>\n
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and this was the second largest tick<\/div>\n<\/div>\n<\/div>\n
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reading of the day<\/div>\n<\/div>\n<\/div>\n
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and so at this point if i want to get<\/div>\n<\/div>\n<\/div>\n
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long with a tick reading<\/div>\n<\/div>\n<\/div>\n
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i want to see a new price low and spy<\/div>\n<\/div>\n<\/div>\n
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and i also want to see<\/div>\n<\/div>\n<\/div>\n
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tick after it sets this extreme tech so<\/div>\n<\/div>\n<\/div>\n
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the extreme tech is this<\/div>\n<\/div>\n<\/div>\n
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kind of green bar i have highlighted<\/div>\n<\/div>\n<\/div>\n
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right here<\/div>\n<\/div>\n<\/div>\n
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i want to see a new price slow but tick<\/div>\n<\/div>\n<\/div>\n
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not make a new extreme tech<\/div>\n<\/div>\n<\/div>\n
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as well as the ad line making it higher<\/div>\n<\/div>\n<\/div>\n
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either high or high<\/div>\n<\/div>\n<\/div>\n
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or starting to uptrend for me to get<\/div>\n<\/div>\n<\/div>\n
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into a big position i want<\/div>\n<\/div>\n<\/div>\n
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ideally this 70 level i want to see a<\/div>\n<\/div>\n<\/div>\n
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new price low so i want to see this<\/div>\n<\/div>\n<\/div>\n
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70 level drop and then instantly rebid<\/div>\n<\/div>\n<\/div>\n
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so i just have a little bit of size on<\/div>\n<\/div>\n<\/div>\n
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for field position but for me to<\/div>\n<\/div>\n<\/div>\n
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actually<\/div>\n<\/div>\n<\/div>\n
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get involved in this trade and look for<\/div>\n<\/div>\n<\/div>\n
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some more upside continuation<\/div>\n<\/div>\n<\/div>\n
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i want to see this level so i spotted<\/div>\n<\/div>\n<\/div>\n
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this kind of this<\/div>\n<\/div>\n<\/div>\n
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70 cent range has been holding for<\/div>\n<\/div>\n<\/div>\n
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pretty significant time on the tape<\/div>\n<\/div>\n<\/div>\n
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so if i see this level drop and<\/div>\n<\/div>\n<\/div>\n
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instantly rebid that’s kind of my signal<\/div>\n<\/div>\n<\/div>\n
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where like<\/div>\n<\/div>\n<\/div>\n
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all right i’m getting long i know where<\/div>\n<\/div>\n<\/div>\n
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my risk set because now if that 70 level<\/div>\n<\/div>\n<\/div>\n
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drops rebates and then drops again i’m<\/div>\n<\/div>\n<\/div>\n
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just out of the trade<\/div>\n<\/div>\n<\/div>\n
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so i’m watching the 70.<\/div>\n<\/div>\n<\/div>\n
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and then you can see this whole time<\/div>\n<\/div>\n<\/div>\n
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while we’re still hovering at low of the<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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ticks are starting to increase i pull up<\/div>\n<\/div>\n<\/div>\n
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the 80 line as well<\/div>\n<\/div>\n<\/div>\n
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so i’ll rewind that for a second so you<\/div>\n<\/div>\n<\/div>\n
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can see that 70 level drops<\/div>\n<\/div>\n<\/div>\n
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so we’ll see<\/div>\n<\/div>\n<\/div>\n
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this is super fast on how it drops and<\/div>\n<\/div>\n<\/div>\n
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rebates and that’s the<\/div>\n<\/div>\n<\/div>\n
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kind of the exact so you can see it<\/div>\n<\/div>\n<\/div>\n
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drops out and then we’re already back<\/div>\n<\/div>\n<\/div>\n
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into the 70s so i add on<\/div>\n<\/div>\n<\/div>\n
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i doubled my size right there sham is<\/div>\n<\/div>\n<\/div>\n
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your stop<\/div>\n<\/div>\n<\/div>\n
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maybe below 60 cents right there or is<\/div>\n<\/div>\n<\/div>\n
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it below 50 cents or what are you<\/div>\n<\/div>\n<\/div>\n
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thinking<\/div>\n<\/div>\n<\/div>\n
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i i would most likely be giving this<\/div>\n<\/div>\n<\/div>\n
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until uh<\/div>\n<\/div>\n<\/div>\n
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like 49 cents just below 50 cents<\/div>\n<\/div>\n<\/div>\n
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because so on this day i mean<\/div>\n<\/div>\n<\/div>\n
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taking these extreme tick fades is a<\/div>\n<\/div>\n<\/div>\n
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pretty risky trade<\/div>\n<\/div>\n<\/div>\n
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so i typically take um smaller size and<\/div>\n<\/div>\n<\/div>\n
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just for the context of the day we’ve<\/div>\n<\/div>\n<\/div>\n
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been down training all day so this is a<\/div>\n<\/div>\n<\/div>\n
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counter trend trade<\/div>\n<\/div>\n<\/div>\n
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like along the market so you have to be<\/div>\n<\/div>\n<\/div>\n
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wider stops for counter trend trades and<\/div>\n<\/div>\n<\/div>\n
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you also have to uh<\/div>\n<\/div>\n<\/div>\n
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it’s more like a tape based trade so if<\/div>\n<\/div>\n<\/div>\n
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it dropped out right there<\/div>\n<\/div>\n<\/div>\n
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down to like let’s say 50 60<\/div>\n<\/div>\n<\/div>\n
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cents i probably would have hit in and<\/div>\n<\/div>\n<\/div>\n
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then just hit out right at 50.<\/div>\n<\/div>\n<\/div>\n
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because this is a trade we wanted to<\/div>\n<\/div>\n<\/div>\n
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rebid instantly so now that we rebid 70<\/div>\n<\/div>\n<\/div>\n
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if we drop down into the 60s again i’m<\/div>\n<\/div>\n<\/div>\n
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most likely just going to cut my<\/div>\n<\/div>\n<\/div>\n
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position<\/div>\n<\/div>\n<\/div>\n
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because you want this to work like<\/div>\n<\/div>\n<\/div>\n
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almost instantly in your favor<\/div>\n<\/div>\n<\/div>\n
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you’re noticing that 70 bit and then<\/div>\n<\/div>\n<\/div>\n
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rebid<\/div>\n<\/div>\n<\/div>\n
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and i’m wondering if the stop for you<\/div>\n<\/div>\n<\/div>\n
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isn’t kind of near the low of the tick<\/div>\n<\/div>\n<\/div>\n
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below 70 cents<\/div>\n<\/div>\n<\/div>\n
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i think it got down to about 64 63 cents<\/div>\n<\/div>\n<\/div>\n
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and then i just added uh to 59 cents<\/div>\n<\/div>\n<\/div>\n
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because<\/div>\n<\/div>\n<\/div>\n
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that’s a little bit more room<\/div>\n<\/div>\n<\/div>\n
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and so that was my question you know<\/div>\n<\/div>\n<\/div>\n
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your stuff 59 cents or is it<\/div>\n<\/div>\n<\/div>\n
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or is it 49 cents<\/div>\n<\/div>\n<\/div>\n
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now is it below is it sort of below kind<\/div>\n<\/div>\n<\/div>\n
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of the most logical<\/div>\n<\/div>\n<\/div>\n
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price below the the tick below 70 cents<\/div>\n<\/div>\n<\/div>\n
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or is it are you going to give it more<\/div>\n<\/div>\n<\/div>\n
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to that half<\/div>\n<\/div>\n<\/div>\n
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dollar area<\/div>\n<\/div>\n<\/div>\n
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and and give it a stop there those are<\/div>\n<\/div>\n<\/div>\n
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the two things i’m thinking about<\/div>\n<\/div>\n<\/div>\n
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immediately stop below the low of the<\/div>\n<\/div>\n<\/div>\n
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wick<\/div>\n<\/div>\n<\/div>\n
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stop below the the half dollar uh area<\/div>\n<\/div>\n<\/div>\n
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yeah so i think the best way to play<\/div>\n<\/div>\n<\/div>\n
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this trade would be for that size i<\/div>\n<\/div>\n<\/div>\n
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added on that<\/div>\n<\/div>\n<\/div>\n
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kind of impulse wick that rebated i<\/div>\n<\/div>\n<\/div>\n
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would just<\/div>\n<\/div>\n<\/div>\n
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give that probably tell like that 49<\/div>\n<\/div>\n<\/div>\n
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cent range<\/div>\n<\/div>\n<\/div>\n
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and then those uh that other 50 of my<\/div>\n<\/div>\n<\/div>\n
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position i had on before i would give<\/div>\n<\/div>\n<\/div>\n
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until the bottom of this wick because<\/div>\n<\/div>\n<\/div>\n
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now now that it’s dropped at 60 we’ve<\/div>\n<\/div>\n<\/div>\n
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already printed an extreme tick<\/div>\n<\/div>\n<\/div>\n
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you can see a lot of other uh i don’t<\/div>\n<\/div>\n<\/div>\n
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have a lot of other stocks in the market<\/div>\n<\/div>\n<\/div>\n
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pulled out but at this point a lot of<\/div>\n<\/div>\n<\/div>\n
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other stocks are starting to rebound a<\/div>\n<\/div>\n<\/div>\n
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little bit<\/div>\n<\/div>\n<\/div>\n
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so at that point it’s like this if this<\/div>\n<\/div>\n<\/div>\n
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is going to go it’s going to go now<\/div>\n<\/div>\n<\/div>\n
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these extreme ticks like it pops it’s<\/div>\n<\/div>\n<\/div>\n
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usually<\/div>\n<\/div>\n<\/div>\n
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like a three to five minute period<\/div>\n<\/div>\n<\/div>\n
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before where they’ll actually need to<\/div>\n<\/div>\n<\/div>\n
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start working<\/div>\n<\/div>\n<\/div>\n
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otherwise it’ll just kind of start<\/div>\n<\/div>\n<\/div>\n
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consolidating and then if it exhalates<\/div>\n<\/div>\n<\/div>\n
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and spends a good amount of time in this<\/div>\n<\/div>\n<\/div>\n
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zone<\/div>\n<\/div>\n<\/div>\n
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then it’s just kind of a failed extreme<\/div>\n<\/div>\n<\/div>\n
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tick where you don’t even want to be<\/div>\n<\/div>\n<\/div>\n
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involved on the long side<\/div>\n<\/div>\n<\/div>\n
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especially in like a very steep uh<\/div>\n<\/div>\n<\/div>\n
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bearish day<\/div>\n<\/div>\n<\/div>\n
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so at this point we’re holding the 70s<\/div>\n<\/div>\n<\/div>\n
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again<\/div>\n<\/div>\n<\/div>\n
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so now if it drops 70 i’m not really<\/div>\n<\/div>\n<\/div>\n
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happy with this trade so i<\/div>\n<\/div>\n<\/div>\n
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want to see 70 this would be an<\/div>\n<\/div>\n<\/div>\n
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okay area to add a little more position<\/div>\n<\/div>\n<\/div>\n
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once we start to see a little volume<\/div>\n<\/div>\n<\/div>\n
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coming through<\/div>\n<\/div>\n<\/div>\n
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and once i pull up 80 lines you’ll see<\/div>\n<\/div>\n<\/div>\n
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the 80 lines had a<\/div>\n<\/div>\n<\/div>\n
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80 line had a really strong reaction<\/div>\n<\/div>\n<\/div>\n
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here so the 80 line and so majority of<\/div>\n<\/div>\n<\/div>\n
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the stocks in the market are already<\/div>\n<\/div>\n<\/div>\n
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trading higher but spy’s<\/div>\n<\/div>\n<\/div>\n
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somewhat lagging that move ticks are<\/div>\n<\/div>\n<\/div>\n
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starting to<\/div>\n<\/div>\n<\/div>\n
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increase a little bit and now we’re into<\/div>\n<\/div>\n<\/div>\n
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this 80 range<\/div>\n<\/div>\n<\/div>\n
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so this is kind of a spot where you<\/div>\n<\/div>\n<\/div>\n
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really want<\/div>\n<\/div>\n<\/div>\n
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these 80s to hold and ideally get a<\/div>\n<\/div>\n<\/div>\n
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flash into three<\/div>\n<\/div>\n<\/div>\n
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uh 36 to take off a little bit of your<\/div>\n<\/div>\n<\/div>\n
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position<\/div>\n<\/div>\n<\/div>\n
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because a lot of these uh extreme tig<\/div>\n<\/div>\n<\/div>\n
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fades uh<\/div>\n<\/div>\n<\/div>\n
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fail so you want to cover your risk when<\/div>\n<\/div>\n<\/div>\n
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you’re given the opportunity<\/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 corner<\/div>\n<\/div>\n<\/div>\n
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of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re going to learn more<\/div>\n<\/div>\n<\/div>\n
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in a couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop than from<\/div>\n<\/div>\n<\/div>\n
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years of online education so now we’re<\/div>\n<\/div>\n<\/div>\n
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going to push<\/div>\n<\/div>\n<\/div>\n
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into the 90s and you can see once we hit<\/div>\n<\/div>\n<\/div>\n
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the 80s we never dropped 80 cents into<\/div>\n<\/div>\n<\/div>\n
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the 70 cents so that’s adding<\/div>\n<\/div>\n<\/div>\n
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a lot more confidence in the trade so<\/div>\n<\/div>\n<\/div>\n
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now that we’re at a whole number<\/div>\n<\/div>\n<\/div>\n
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i really want to see price hold you can<\/div>\n<\/div>\n<\/div>\n
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see we keep whipping<\/div>\n<\/div>\n<\/div>\n
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wicking above but we’re failing to hold<\/div>\n<\/div>\n<\/div>\n
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so i end up flipping out of uh<\/div>\n<\/div>\n<\/div>\n
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yeah so right there i flip out of a<\/div>\n<\/div>\n<\/div>\n
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little bit of size just because we’re<\/div>\n<\/div>\n<\/div>\n
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not getting any<\/div>\n<\/div>\n<\/div>\n
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push above so when we were holding at<\/div>\n<\/div>\n<\/div>\n
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336 we weren’t getting that push so like<\/div>\n<\/div>\n<\/div>\n
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336.0507<\/div>\n<\/div>\n<\/div>\n
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we kept stalling out at that 336.0203<\/div>\n<\/div>\n<\/div>\n
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range<\/div>\n<\/div>\n<\/div>\n
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so that’s a good spot to cover just a<\/div>\n<\/div>\n<\/div>\n
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little bit of rest just in case this is<\/div>\n<\/div>\n<\/div>\n
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a failed move<\/div>\n<\/div>\n<\/div>\n
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but you also have a lot of checks in<\/div>\n<\/div>\n<\/div>\n
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your favor at this time we’re pushing<\/div>\n<\/div>\n<\/div>\n
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back up to the zero line on tick<\/div>\n<\/div>\n<\/div>\n
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we’re getting a little bit of a pullback<\/div>\n<\/div>\n<\/div>\n
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but at this point i mean from a pretty<\/div>\n<\/div>\n<\/div>\n
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protected price<\/div>\n<\/div>\n<\/div>\n
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if it would come back to the entry<\/div>\n<\/div>\n<\/div>\n
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that’s just my signal to get out<\/div>\n<\/div>\n<\/div>\n
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especially these 80s drop because that’s<\/div>\n<\/div>\n<\/div>\n
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kind of a big thing on this move the 80<\/div>\n<\/div>\n<\/div>\n
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cents never drops in that<\/div>\n<\/div>\n<\/div>\n
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range so i want to see if buyers are<\/div>\n<\/div>\n<\/div>\n
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going to step back in and push this back<\/div>\n<\/div>\n<\/div>\n
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above 336 and start holding above 336.<\/div>\n<\/div>\n<\/div>\n
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so now we’re back in the 90s not much<\/div>\n<\/div>\n<\/div>\n
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selling pressure in here at all<\/div>\n<\/div>\n<\/div>\n
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and so now we’re starting to push above<\/div>\n<\/div>\n<\/div>\n
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and hold above the 20-day moving average<\/div>\n<\/div>\n<\/div>\n
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so at this point we regain 36<\/div>\n<\/div>\n<\/div>\n
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and we’re able to clear some of those<\/div>\n<\/div>\n<\/div>\n
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levels that we haven’t a<\/div>\n<\/div>\n<\/div>\n
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it weren’t able to before and now we<\/div>\n<\/div>\n<\/div>\n
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start to see<\/div>\n<\/div>\n<\/div>\n
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price moving a lot faster than it was in<\/div>\n<\/div>\n<\/div>\n
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this range<\/div>\n<\/div>\n<\/div>\n
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so a lot of short sellers are getting<\/div>\n<\/div>\n<\/div>\n
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out of their positions around this<\/div>\n<\/div>\n<\/div>\n
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area a lot of long story starting to<\/div>\n<\/div>\n<\/div>\n
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pile and you can see there’s a lot of<\/div>\n<\/div>\n<\/div>\n
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uncertainty just a lot more overall<\/div>\n<\/div>\n<\/div>\n
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speed in the tape<\/div>\n<\/div>\n<\/div>\n
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and this would be a pretty strong<\/div>\n<\/div>\n<\/div>\n
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failure level<\/div>\n<\/div>\n<\/div>\n
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previous breakdown zone<\/div>\n<\/div>\n<\/div>\n
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so i ended up taking more shares off a<\/div>\n<\/div>\n<\/div>\n
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little<\/div>\n<\/div>\n<\/div>\n
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a little bit back there just cover<\/div>\n<\/div>\n<\/div>\n
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some more risk we’re getting a pretty<\/div>\n<\/div>\n<\/div>\n
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strong move here<\/div>\n<\/div>\n<\/div>\n
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so we cross the zero line we just<\/div>\n<\/div>\n<\/div>\n
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printed the highest<\/div>\n<\/div>\n<\/div>\n
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positive tick value of the day<\/div>\n<\/div>\n<\/div>\n
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because we really hadn’t so the whole<\/div>\n<\/div>\n<\/div>\n
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day we failed to cross over the zero<\/div>\n<\/div>\n<\/div>\n
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line you can see almost every single<\/div>\n<\/div>\n<\/div>\n
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tick<\/div>\n<\/div>\n<\/div>\n
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above the zero line failed and so now if<\/div>\n<\/div>\n<\/div>\n
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we can<\/div>\n<\/div>\n<\/div>\n
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continue to hold above the zero line can<\/div>\n<\/div>\n<\/div>\n
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i have almost<\/div>\n<\/div>\n<\/div>\n
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a flip oh it’s not a flip in the trend<\/div>\n<\/div>\n<\/div>\n
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but more of a flip in the market<\/div>\n<\/div>\n<\/div>\n
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internals<\/div>\n<\/div>\n<\/div>\n
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where we can if we can start holding<\/div>\n<\/div>\n<\/div>\n
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above zero line 80 line starts making<\/div>\n<\/div>\n<\/div>\n
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higher<\/div>\n<\/div>\n<\/div>\n
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highs in higher lows this would be a<\/div>\n<\/div>\n<\/div>\n
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great<\/div>\n<\/div>\n<\/div>\n
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trade to hold for the remainder of the<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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all right a question so if you stop the<\/div>\n<\/div>\n<\/div>\n
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tape<\/div>\n<\/div>\n<\/div>\n
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why were you trading spy so right now<\/div>\n<\/div>\n<\/div>\n
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spy<\/div>\n<\/div>\n<\/div>\n
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has a lot of opportunity just because of<\/div>\n<\/div>\n<\/div>\n
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how<\/div>\n<\/div>\n<\/div>\n
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pretty much i mean the range in spies at<\/div>\n<\/div>\n<\/div>\n
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one of like the highest levels we’ve<\/div>\n<\/div>\n<\/div>\n
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seen in a while<\/div>\n<\/div>\n<\/div>\n
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and i just naturally trade spy pretty<\/div>\n<\/div>\n<\/div>\n
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well the best thing about spy in my<\/div>\n<\/div>\n<\/div>\n
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opinion is a lot of these other<\/div>\n<\/div>\n<\/div>\n
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indexes and tools you can use to trade<\/div>\n<\/div>\n<\/div>\n
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it to add a little more advantage<\/div>\n<\/div>\n<\/div>\n
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have you seen i’ve talked about this<\/div>\n<\/div>\n<\/div>\n
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tick index a lot and i base a lot of my<\/div>\n<\/div>\n<\/div>\n
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trades around<\/div>\n<\/div>\n<\/div>\n
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as well as the 80 line so i can have<\/div>\n<\/div>\n<\/div>\n
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almost<\/div>\n<\/div>\n<\/div>\n
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two gauges to trade one stock versus<\/div>\n<\/div>\n<\/div>\n
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just uh let’s say i’m trading snapchats<\/div>\n<\/div>\n<\/div>\n
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alongside<\/div>\n<\/div>\n<\/div>\n
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a lot of these internals aren’t going to<\/div>\n<\/div>\n<\/div>\n
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play as big of a roll into it<\/div>\n<\/div>\n<\/div>\n
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so it just gives me a little more<\/div>\n<\/div>\n<\/div>\n
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confidence in the trade that i have more<\/div>\n<\/div>\n<\/div>\n
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tools to work with i would say<\/div>\n<\/div>\n<\/div>\n
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\n
okay and how was volatility on this day<\/div>\n<\/div>\n<\/div>\n
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volatility was so on this day was the<\/div>\n<\/div>\n<\/div>\n
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volatility was<\/div>\n<\/div>\n<\/div>\n
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broke out of that 30 resistance zone<\/div>\n<\/div>\n<\/div>\n
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and i think it was at like 32<\/div>\n<\/div>\n<\/div>\n
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did you get a sense that is there a way<\/div>\n<\/div>\n<\/div>\n
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that you’re measuring that the market<\/div>\n<\/div>\n<\/div>\n
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overall<\/div>\n<\/div>\n<\/div>\n
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was oversold in addition to you looking<\/div>\n<\/div>\n<\/div>\n
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at<\/div>\n<\/div>\n<\/div>\n
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the uh the the tick reading<\/div>\n<\/div>\n<\/div>\n
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there’s like a few things i was using<\/div>\n<\/div>\n<\/div>\n
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rsi in this case just around the<\/div>\n<\/div>\n<\/div>\n
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intraday level<\/div>\n<\/div>\n<\/div>\n
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we were at i think it was 17 and<\/div>\n<\/div>\n<\/div>\n
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typically anything under 20 would be<\/div>\n<\/div>\n<\/div>\n
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oversold<\/div>\n<\/div>\n<\/div>\n
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like i’d say 20s pretty heavily oversold<\/div>\n<\/div>\n<\/div>\n
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and especially on intraday reading if<\/div>\n<\/div>\n<\/div>\n
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we’re right around 70<\/div>\n<\/div>\n<\/div>\n
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on the rsi and we’re getting these<\/div>\n<\/div>\n<\/div>\n
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extreme ticks<\/div>\n<\/div>\n<\/div>\n
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and so just a lot of the things lined up<\/div>\n<\/div>\n<\/div>\n
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at<\/div>\n<\/div>\n<\/div>\n
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the right spot yeah and i think that’s<\/div>\n<\/div>\n<\/div>\n
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why it worked so i guess my question to<\/div>\n<\/div>\n<\/div>\n
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you is<\/div>\n<\/div>\n<\/div>\n
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at the end of the month when you go and<\/div>\n<\/div>\n<\/div>\n
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look at<\/div>\n<\/div>\n<\/div>\n
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how you’ve done in spy what are your<\/div>\n<\/div>\n<\/div>\n
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results<\/div>\n<\/div>\n<\/div>\n
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you want to you want to pay special<\/div>\n<\/div>\n<\/div>\n
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attention to that<\/div>\n<\/div>\n<\/div>\n
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spy overall is something that almost<\/div>\n<\/div>\n<\/div>\n
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universally<\/div>\n<\/div>\n<\/div>\n
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traders don’t make money at at the firm<\/div>\n<\/div>\n<\/div>\n
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but<\/div>\n<\/div>\n<\/div>\n
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but but that does not mean that<\/div>\n<\/div>\n<\/div>\n
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we can’t make money in spy does that<\/div>\n<\/div>\n<\/div>\n
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that does not mean all traders can’t<\/div>\n<\/div>\n<\/div>\n
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make money in spy<\/div>\n<\/div>\n<\/div>\n
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\n
that certainly doesn’t mean you can’t<\/div>\n<\/div>\n<\/div>\n
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make money in spy spy<\/div>\n<\/div>\n<\/div>\n
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\n
tends to be one of the most over traded<\/div>\n<\/div>\n<\/div>\n
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products<\/div>\n<\/div>\n<\/div>\n
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which leads to not making money<\/div>\n<\/div>\n<\/div>\n
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it it’s that that is one of the big<\/div>\n<\/div>\n<\/div>\n
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issues is that people trade it they<\/div>\n<\/div>\n<\/div>\n
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think they have edge they don’t have<\/div>\n<\/div>\n<\/div>\n
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edge<\/div>\n<\/div>\n<\/div>\n
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they do well on one particular trade<\/div>\n<\/div>\n<\/div>\n
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they go back to the weld too much and<\/div>\n<\/div>\n<\/div>\n
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they don’t see<\/div>\n<\/div>\n<\/div>\n
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why a certain trade worked in spy and<\/div>\n<\/div>\n<\/div>\n
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\n
compare it to other trades that don’t<\/div>\n<\/div>\n<\/div>\n
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\n
work<\/div>\n<\/div>\n<\/div>\n
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\n
and so when you’re saying to me that<\/div>\n<\/div>\n<\/div>\n
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i’ve got an indicator that i’m using<\/div>\n<\/div>\n<\/div>\n
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that that tells me that the that spy<\/div>\n<\/div>\n<\/div>\n
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is oversold end<\/div>\n<\/div>\n<\/div>\n
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and end so it’s it’s oversold i should<\/div>\n<\/div>\n<\/div>\n
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be looking at it because i have an<\/div>\n<\/div>\n<\/div>\n
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indicator that indicator works for me<\/div>\n<\/div>\n<\/div>\n
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great and then i’m getting an intraday<\/div>\n<\/div>\n<\/div>\n
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indicator<\/div>\n<\/div>\n<\/div>\n
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nyse tick and i’m using<\/div>\n<\/div>\n<\/div>\n
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a good indicator for that<\/div>\n<\/div>\n<\/div>\n
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an extreme tick and i put the two of<\/div>\n<\/div>\n<\/div>\n
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those together<\/div>\n<\/div>\n<\/div>\n
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and also by the way i’ve got the<\/div>\n<\/div>\n<\/div>\n
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added advantage that i’ve got a lot of<\/div>\n<\/div>\n<\/div>\n
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range<\/div>\n<\/div>\n<\/div>\n
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so it’s going to move a lot so there’s<\/div>\n<\/div>\n<\/div>\n
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reward<\/div>\n<\/div>\n<\/div>\n
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\n
relative to risk in this particular play<\/div>\n<\/div>\n<\/div>\n
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well maybe after you measure that<\/div>\n<\/div>\n<\/div>\n
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\n
at the end of the month maybe that trade<\/div>\n<\/div>\n<\/div>\n
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makes sense<\/div>\n<\/div>\n<\/div>\n
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there’s certainly lots of edge to be<\/div>\n<\/div>\n<\/div>\n
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gleaned<\/div>\n<\/div>\n<\/div>\n
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by looking at extreme ticks<\/div>\n<\/div>\n<\/div>\n
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with nyse tick that in of itself is a a<\/div>\n<\/div>\n<\/div>\n
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trade worth study<\/div>\n<\/div>\n<\/div>\n
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that is a trade you can make money in<\/div>\n<\/div>\n<\/div>\n
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100<\/div>\n<\/div>\n<\/div>\n
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\n
and so i just want you measuring<\/div>\n<\/div>\n<\/div>\n
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i just encourage you to measure at the<\/div>\n<\/div>\n<\/div>\n
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\n
end of the month<\/div>\n<\/div>\n<\/div>\n
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\n
what specific types of spy trades you’re<\/div>\n<\/div>\n<\/div>\n
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making money in<\/div>\n<\/div>\n<\/div>\n
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\n
and taking those specifics by trades<\/div>\n<\/div>\n<\/div>\n
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because if you don’t uh<\/div>\n<\/div>\n<\/div>\n
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it’s gonna be struggle i can tell you<\/div>\n<\/div>\n<\/div>\n
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that internally at our firm<\/div>\n<\/div>\n<\/div>\n
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there have been very smart people not<\/div>\n<\/div>\n<\/div>\n
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myself who have a time<\/div>\n<\/div>\n<\/div>\n
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suggested that that every trader at the<\/div>\n<\/div>\n<\/div>\n
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firm<\/div>\n<\/div>\n<\/div>\n
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be disallowed from trading spy now<\/div>\n<\/div>\n<\/div>\n
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granted this was<\/div>\n<\/div>\n<\/div>\n
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\n
years ago this is a few years ago and<\/div>\n<\/div>\n<\/div>\n
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\n
this was during periods of time when<\/div>\n<\/div>\n<\/div>\n
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volatility was<\/div>\n<\/div>\n<\/div>\n
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lower in 12 to 15.<\/div>\n<\/div>\n<\/div>\n
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and so obviously the results have been<\/div>\n<\/div>\n<\/div>\n
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\n
much much better in 2020 because the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volatility has gone up<\/div>\n<\/div>\n<\/div>\n
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\n
but yeah that point i mean that that<\/div>\n<\/div>\n<\/div>\n
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point that that<\/div>\n<\/div>\n<\/div>\n
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smart person made comes from somewhere i<\/div>\n<\/div>\n<\/div>\n
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mean it comes from<\/div>\n<\/div>\n<\/div>\n
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\n
years of looking at professional traders<\/div>\n<\/div>\n<\/div>\n
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who trade stocks<\/div>\n<\/div>\n<\/div>\n
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\n
and trade stocks well dipping into<\/div>\n<\/div>\n<\/div>\n
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spy and trading spy<\/div>\n<\/div>\n<\/div>\n
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\n
you know breaking even over trading it<\/div>\n<\/div>\n<\/div>\n
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maybe even losing some money<\/div>\n<\/div>\n<\/div>\n
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\n
and and that person seeing the results<\/div>\n<\/div>\n<\/div>\n
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\n
for the firm overall<\/div>\n<\/div>\n<\/div>\n
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not particularly good i caution you<\/div>\n<\/div>\n<\/div>\n
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absolutely i like where you’re going<\/div>\n<\/div>\n<\/div>\n
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with this this is worth study<\/div>\n<\/div>\n<\/div>\n
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\n
you’re on the right track here you just<\/div>\n<\/div>\n<\/div>\n
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\n
got to be really selective<\/div>\n<\/div>\n<\/div>\n
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\n
with the spy trades that sam takes<\/div>\n<\/div>\n<\/div>\n
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\n
under certain conditions and you’re<\/div>\n<\/div>\n<\/div>\n
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\n
measuring it during different markets<\/div>\n<\/div>\n<\/div>\n
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\n
like for instance<\/div>\n<\/div>\n<\/div>\n
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it may be that that trade right there<\/div>\n<\/div>\n<\/div>\n
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works well when when el<\/div>\n<\/div>\n<\/div>\n
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\n
when when vix is elevated when<\/div>\n<\/div>\n<\/div>\n
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volatility is elevated but it doesn’t<\/div>\n<\/div>\n<\/div>\n
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work as well<\/div>\n<\/div>\n<\/div>\n
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\n
when volatility isn’t elevated yeah it’s<\/div>\n<\/div>\n<\/div>\n
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\n
a great point because<\/div>\n<\/div>\n<\/div>\n
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like starting off in my trading career i<\/div>\n<\/div>\n<\/div>\n
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would just get chopped around and spy<\/div>\n<\/div>\n<\/div>\n
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pretty much all day and uh looking at<\/div>\n<\/div>\n<\/div>\n
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the stats there wasn’t really that edge<\/div>\n<\/div>\n<\/div>\n
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until i kind of did what you talked<\/div>\n<\/div>\n<\/div>\n
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about and set<\/div>\n<\/div>\n<\/div>\n
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put together a really strict criteria<\/div>\n<\/div>\n<\/div>\n
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and like really the only times i can<\/div>\n<\/div>\n<\/div>\n
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trade spy<\/div>\n<\/div>\n<\/div>\n
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and that correlates a lot with only<\/div>\n<\/div>\n<\/div>\n
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trading it at these extreme levels<\/div>\n<\/div>\n<\/div>\n
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because that’s where you’re going to get<\/div>\n<\/div>\n<\/div>\n
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a price movement and know if you’re<\/div>\n<\/div>\n<\/div>\n
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right or wrong right away rather than<\/div>\n<\/div>\n<\/div>\n
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just sitting in a trade all day or<\/div>\n<\/div>\n<\/div>\n
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sitting in drawdown all day<\/div>\n<\/div>\n<\/div>\n
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so i think it is really important with<\/div>\n<\/div>\n<\/div>\n
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spy just<\/div>\n<\/div>\n<\/div>\n
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to pick your your prices and pick your<\/div>\n<\/div>\n<\/div>\n
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trades<\/div>\n<\/div>\n<\/div>\n
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and be very strict with it rather than<\/div>\n<\/div>\n<\/div>\n
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treating it like a normal stock<\/div>\n<\/div>\n<\/div>\n
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because i’ve had success but i wouldn’t<\/div>\n<\/div>\n<\/div>\n
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say too much success in spy<\/div>\n<\/div>\n<\/div>\n
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until i kind of got like my rules were<\/div>\n<\/div>\n<\/div>\n
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much more strict<\/div>\n<\/div>\n<\/div>\n
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yeah so here you can see volatility was<\/div>\n<\/div>\n<\/div>\n
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at 32.9 so they’re pretty much 33.<\/div>\n<\/div>\n<\/div>\n
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coming into some consolidation ticks are<\/div>\n<\/div>\n<\/div>\n
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fading<\/div>\n<\/div>\n<\/div>\n
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i’ll push to this breakout yeah<\/div>\n<\/div>\n<\/div>\n
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so here’s the 80 line i was mentioning<\/div>\n<\/div>\n<\/div>\n
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earlier<\/div>\n<\/div>\n<\/div>\n
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so we bottomed down we’re starting to<\/div>\n<\/div>\n<\/div>\n
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get a push but not too strong of a push<\/div>\n<\/div>\n<\/div>\n
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and then for volatility we kind of had<\/div>\n<\/div>\n<\/div>\n
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almost like a blow off top in a way a<\/div>\n<\/div>\n<\/div>\n
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full engulfing candle<\/div>\n<\/div>\n<\/div>\n
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so for me to stay in this trade i want<\/div>\n<\/div>\n<\/div>\n
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to see spy continue to make new highs<\/div>\n<\/div>\n<\/div>\n
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volatility continue to fade as well as<\/div>\n<\/div>\n<\/div>\n
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the ad line start to make new highs and<\/div>\n<\/div>\n<\/div>\n
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break out of<\/div>\n<\/div>\n<\/div>\n
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uh kind of this consolidation range<\/div>\n<\/div>\n<\/div>\n
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right here<\/div>\n<\/div>\n<\/div>\n
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sam is there a range in the trade that<\/div>\n<\/div>\n<\/div>\n
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you need<\/div>\n<\/div>\n<\/div>\n
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to actually place the trade so if spy<\/div>\n<\/div>\n<\/div>\n
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isn’t going to move a dollar fifty if<\/div>\n<\/div>\n<\/div>\n
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spy isn’t going to move<\/div>\n<\/div>\n<\/div>\n
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30 cents the spy isn’t going to move two<\/div>\n<\/div>\n<\/div>\n
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dollars is there a particular<\/div>\n<\/div>\n<\/div>\n
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range amount that you’re thinking about<\/div>\n<\/div>\n<\/div>\n
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before you place a trade<\/div>\n<\/div>\n<\/div>\n
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or is it risk reward or is it i i need a<\/div>\n<\/div>\n<\/div>\n
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five to one risk reward or else i’m not<\/div>\n<\/div>\n<\/div>\n
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gonna make the trade and spy<\/div>\n<\/div>\n<\/div>\n
\n
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i mean i wouldn’t say coming into this i<\/div>\n<\/div>\n<\/div>\n
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had these i treated it as a scalp trade<\/div>\n<\/div>\n<\/div>\n
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that ended up<\/div>\n<\/div>\n<\/div>\n
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kind of holding for an intraday swing so<\/div>\n<\/div>\n<\/div>\n
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for me<\/div>\n<\/div>\n<\/div>\n
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right away technically five to one would<\/div>\n<\/div>\n<\/div>\n
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be scaling out<\/div>\n<\/div>\n<\/div>\n
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almost at these highs right here with<\/div>\n<\/div>\n<\/div>\n
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such tight risk<\/div>\n<\/div>\n<\/div>\n
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so it’s pretty tough to come in and say<\/div>\n<\/div>\n<\/div>\n
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i want to<\/div>\n<\/div>\n<\/div>\n
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trade five to one because if you exit<\/div>\n<\/div>\n<\/div>\n
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your full position at five to one i<\/div>\n<\/div>\n<\/div>\n
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would be out<\/div>\n<\/div>\n<\/div>\n
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somewhere right in this range so it’s<\/div>\n<\/div>\n<\/div>\n
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really kind of<\/div>\n<\/div>\n<\/div>\n
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trading it how it is so if it’s pretty<\/div>\n<\/div>\n<\/div>\n
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strong and it’s showing strength<\/div>\n<\/div>\n<\/div>\n
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which it we haven’t seen all day which<\/div>\n<\/div>\n<\/div>\n
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is strong change of character<\/div>\n<\/div>\n<\/div>\n
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it kind of gives me the confidence to<\/div>\n<\/div>\n<\/div>\n
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\n
hold on to this because after<\/div>\n<\/div>\n<\/div>\n
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we’re down two percent on the day we’re<\/div>\n<\/div>\n<\/div>\n
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down seven points<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a lot of more upside potential<\/div>\n<\/div>\n<\/div>\n
\n
\n
than to the downside<\/div>\n<\/div>\n<\/div>\n
\n
\n
so for this trade i wouldn’t say i<\/div>\n<\/div>\n<\/div>\n
\n
\n
really came in with an exact<\/div>\n<\/div>\n<\/div>\n
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kind of range or price target i would<\/div>\n<\/div>\n<\/div>\n
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want<\/div>\n<\/div>\n<\/div>\n
\n
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so it was more so getting out at the<\/div>\n<\/div>\n<\/div>\n
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first time<\/div>\n<\/div>\n<\/div>\n
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kind of the first sign that i need to<\/div>\n<\/div>\n<\/div>\n
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get out if we start printing<\/div>\n<\/div>\n<\/div>\n
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plus a thousand ticks and i see<\/div>\n<\/div>\n<\/div>\n
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\n
volatility spiking that’s going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
more of an emphasis for me to get out of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade then let’s say<\/div>\n<\/div>\n<\/div>\n
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\n
it’s rallied uh two points from the lows<\/div>\n<\/div>\n<\/div>\n
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i just want to see a lot of uh kind of<\/div>\n<\/div>\n<\/div>\n
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checks my favorite add up to exit<\/div>\n<\/div>\n<\/div>\n
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rather than just taking it strictly off<\/div>\n<\/div>\n<\/div>\n
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of a uh<\/div>\n<\/div>\n<\/div>\n
\n
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like five to one risk reward because i<\/div>\n<\/div>\n<\/div>\n
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potentially could get ten to one<\/div>\n<\/div>\n<\/div>\n
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sort of thing okay good got it<\/div>\n<\/div>\n<\/div>\n
\n
\n
nothing too much more important on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape and and where do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
where do you get out of this so this was<\/div>\n<\/div>\n<\/div>\n
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\n
kind of right my entries on i’m pretty<\/div>\n<\/div>\n<\/div>\n
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sure i<\/div>\n<\/div>\n<\/div>\n
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\n
closed out kind of right in this shop<\/div>\n<\/div>\n<\/div>\n
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consolidation range<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i missed the uh end of the day push<\/div>\n<\/div>\n<\/div>\n
\n
\n
but right and we kind of peaked out<\/div>\n<\/div>\n<\/div>\n
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right around here i don’t have it on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just held uh around 50 of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
to these highs and once we hit<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of this consolidation zone and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
just started to not really have that<\/div>\n<\/div>\n<\/div>\n
\n
\n
same<\/div>\n<\/div>\n<\/div>\n
\n
\n
bullish momentum here and then so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
ended up just getting out right<\/div>\n<\/div>\n<\/div>\n
\n
\n
right in that range okay good that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
nice move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i really like what you said which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
for trading spy you need strict rules<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
\n
\n
button so you don’t miss any of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
videos they are producing for you and<\/div>\n<\/div>\n<\/div>\n
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\n
the trading 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 comment 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
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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":"

Do you ever wonder whether you should stop trading SPY? You have some great trades in SPY but overall you just don\u2019t make money. In this video we share the specific variables that went into a winning trade in SPY and how you could make this into a profitable trading symbol for your trading. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50237","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nSpecific Rules Are Required to Make Money Trading SPY | 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\/specific-rules-are-required-to-make-money-trading-spy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Specific Rules Are Required to Make Money Trading SPY | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Do you ever wonder whether you should stop trading SPY? 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