{"id":50241,"date":"2020-11-02T14:59:06","date_gmt":"2020-11-02T19:59:06","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50241"},"modified":"2020-11-02T15:06:39","modified_gmt":"2020-11-02T20:06:39","slug":"what-two-traders-did-to-stop-selling-too-early-killer-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-two-traders-did-to-stop-selling-too-early-killer-trade","title":{"rendered":"What two traders did to stop selling too early (killer trade)"},"content":{"rendered":"

Do you ever sell a stock too early and watch it trade much higher without you? You can\u2019t believe how much more money you should have made on the trade. In this video, learn how two traders overcame their tendency to sell too early in this killer trade. Two firm traders break down in step-by-step detail a trade they made in SNAP and share what gave them the confidence to hold.<\/p>\nView Video Transcript<\/strong><\/span>

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do you ever sell stock too early and<\/div>\n<\/div>\n<\/div>\n
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want to trade<\/div>\n<\/div>\n<\/div>\n
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much higher without you you can’t<\/div>\n<\/div>\n<\/div>\n
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believe how much more money<\/div>\n<\/div>\n<\/div>\n
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you should have made on the trade well<\/div>\n<\/div>\n<\/div>\n
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in this video learn how<\/div>\n<\/div>\n<\/div>\n
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two traders overcame their tendency to<\/div>\n<\/div>\n<\/div>\n
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sell too early<\/div>\n<\/div>\n<\/div>\n
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in a killer trade hi i’m mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of smb capital<\/div>\n<\/div>\n<\/div>\n
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and we’re a proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
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located in midtown manhattan<\/div>\n<\/div>\n<\/div>\n
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and i’m also the author of the trading<\/div>\n<\/div>\n<\/div>\n
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class take one good trade and the<\/div>\n<\/div>\n<\/div>\n
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playbook<\/div>\n<\/div>\n<\/div>\n
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in this video two firm traders break<\/div>\n<\/div>\n<\/div>\n
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down in step-by-step detail<\/div>\n<\/div>\n<\/div>\n
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a trade they made and snap and share<\/div>\n<\/div>\n<\/div>\n
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what gave them the confidence<\/div>\n<\/div>\n<\/div>\n
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to hold let’s get to work on sharing<\/div>\n<\/div>\n<\/div>\n
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these important trading lessons<\/div>\n<\/div>\n<\/div>\n
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so you can grow your trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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igor and i are doing this playbook on<\/div>\n<\/div>\n<\/div>\n
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snapchat this is their<\/div>\n<\/div>\n<\/div>\n
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earnings on the 21st of october and this<\/div>\n<\/div>\n<\/div>\n
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is what we’re calling an<\/div>\n<\/div>\n<\/div>\n
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all-time high earnings earnings fee and<\/div>\n<\/div>\n<\/div>\n
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so this is kind of an overlay<\/div>\n<\/div>\n<\/div>\n
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of the trade itself we are going to be<\/div>\n<\/div>\n<\/div>\n
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going into each one of these kind of<\/div>\n<\/div>\n<\/div>\n
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bullets a lot more in detail over the<\/div>\n<\/div>\n<\/div>\n
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course of the<\/div>\n<\/div>\n<\/div>\n
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presentation but we are splitting it up<\/div>\n<\/div>\n<\/div>\n
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into<\/div>\n<\/div>\n<\/div>\n
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the variables of the name itself the<\/div>\n<\/div>\n<\/div>\n
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variables of the trade<\/div>\n<\/div>\n<\/div>\n
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and then our reasons to sell so the<\/div>\n<\/div>\n<\/div>\n
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variables of the stock<\/div>\n<\/div>\n<\/div>\n
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is this is a triple earnings beat it had<\/div>\n<\/div>\n<\/div>\n
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several<\/div>\n<\/div>\n<\/div>\n
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upgrades in the morning it is a<\/div>\n<\/div>\n<\/div>\n
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relatively<\/div>\n<\/div>\n<\/div>\n
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stronger stock to the overall market<\/div>\n<\/div>\n<\/div>\n
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and is breaking out into an all-time<\/div>\n<\/div>\n<\/div>\n
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high we<\/div>\n<\/div>\n<\/div>\n
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are sort of very specific on are these<\/div>\n<\/div>\n<\/div>\n
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last four<\/div>\n<\/div>\n<\/div>\n
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which is the gap up holds the upper 25<\/div>\n<\/div>\n<\/div>\n
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of the after hours move the pre-market<\/div>\n<\/div>\n<\/div>\n
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volume<\/div>\n<\/div>\n<\/div>\n
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is elevated and is holding the after<\/div>\n<\/div>\n<\/div>\n
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hours range or the gap<\/div>\n<\/div>\n<\/div>\n
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up and much more specifically which is<\/div>\n<\/div>\n<\/div>\n
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kind of the nuanced part of<\/div>\n<\/div>\n<\/div>\n
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this trade is that this gap up is<\/div>\n<\/div>\n<\/div>\n
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approximately two times its implied move<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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the gap up is equal to seven times its<\/div>\n<\/div>\n<\/div>\n
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atr so we capped up<\/div>\n<\/div>\n<\/div>\n
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seven atrs when you say it’s triple<\/div>\n<\/div>\n<\/div>\n
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earnings beat what do you mean by that<\/div>\n<\/div>\n<\/div>\n
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within an earnings we are we are looking<\/div>\n<\/div>\n<\/div>\n
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for<\/div>\n<\/div>\n<\/div>\n
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revenue sales and e and eps<\/div>\n<\/div>\n<\/div>\n
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and when we speak about a triple<\/div>\n<\/div>\n<\/div>\n
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earnings week we are speaking about all<\/div>\n<\/div>\n<\/div>\n
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three of those categories<\/div>\n<\/div>\n<\/div>\n
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coming out over the expected numbers<\/div>\n<\/div>\n<\/div>\n
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and that to us is equals to a triple<\/div>\n<\/div>\n<\/div>\n
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earning speed and by<\/div>\n<\/div>\n<\/div>\n
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how much it beats is a bit different but<\/div>\n<\/div>\n<\/div>\n
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generally<\/div>\n<\/div>\n<\/div>\n
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beating all three of those estimates is<\/div>\n<\/div>\n<\/div>\n
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really important thank you and so the<\/div>\n<\/div>\n<\/div>\n
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variables of the<\/div>\n<\/div>\n<\/div>\n
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grade is there are well-defined<\/div>\n<\/div>\n<\/div>\n
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pre-market levels<\/div>\n<\/div>\n<\/div>\n
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we are opening at the upper end of its<\/div>\n<\/div>\n<\/div>\n
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range<\/div>\n<\/div>\n<\/div>\n
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above or below certain pre-market levels<\/div>\n<\/div>\n<\/div>\n
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but we<\/div>\n<\/div>\n<\/div>\n
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prefer the name to be opening above its<\/div>\n<\/div>\n<\/div>\n
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after-hours levels<\/div>\n<\/div>\n<\/div>\n
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and so with this trade itself if there<\/div>\n<\/div>\n<\/div>\n
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is a morning pull in<\/div>\n<\/div>\n<\/div>\n
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on the open it fails to trade underneath<\/div>\n<\/div>\n<\/div>\n
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the pre-market level<\/div>\n<\/div>\n<\/div>\n
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it was about in half an htr that should<\/div>\n<\/div>\n<\/div>\n
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be 0.05<\/div>\n<\/div>\n<\/div>\n
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and it then begins to build a pre-market<\/div>\n<\/div>\n<\/div>\n
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range this allows us to kind of<\/div>\n<\/div>\n<\/div>\n
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have moments of risk control<\/div>\n<\/div>\n<\/div>\n
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rather than not if there is a range that<\/div>\n<\/div>\n<\/div>\n
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is built um price quickly gets back<\/div>\n<\/div>\n<\/div>\n
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into the range after a pulling it begins<\/div>\n<\/div>\n<\/div>\n
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to make higher lows<\/div>\n<\/div>\n<\/div>\n
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inside of this range and note this is<\/div>\n<\/div>\n<\/div>\n
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about 15<\/div>\n<\/div>\n<\/div>\n
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20 minutes into the open of a really<\/div>\n<\/div>\n<\/div>\n
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large large gap up<\/div>\n<\/div>\n<\/div>\n
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and then price breaks out of of that<\/div>\n<\/div>\n<\/div>\n
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opening range<\/div>\n<\/div>\n<\/div>\n
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it holds the opening range and the<\/div>\n<\/div>\n<\/div>\n
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breakout is<\/div>\n<\/div>\n<\/div>\n
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on elevated volume um and our reasons to<\/div>\n<\/div>\n<\/div>\n
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sell<\/div>\n<\/div>\n<\/div>\n
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is short-term changes in price which is<\/div>\n<\/div>\n<\/div>\n
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if the price gets back inside of the<\/div>\n<\/div>\n<\/div>\n
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opening range when it uh breaks out and<\/div>\n<\/div>\n<\/div>\n
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we<\/div>\n<\/div>\n<\/div>\n
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will kind of speak on that later and if<\/div>\n<\/div>\n<\/div>\n
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price fails to hold<\/div>\n<\/div>\n<\/div>\n
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key areas for us which is about two to<\/div>\n<\/div>\n<\/div>\n
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three atrs<\/div>\n<\/div>\n<\/div>\n
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and three to four atr’s based around<\/div>\n<\/div>\n<\/div>\n
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this stats that we’ll go over<\/div>\n<\/div>\n<\/div>\n
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is going to be the overall target for<\/div>\n<\/div>\n<\/div>\n
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this trade so those would be the<\/div>\n<\/div>\n<\/div>\n
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reasons to sell yeah so one thing we<\/div>\n<\/div>\n<\/div>\n
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realized joe and i with these<\/div>\n<\/div>\n<\/div>\n
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you know er plays that are gapping up at<\/div>\n<\/div>\n<\/div>\n
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the all-time high or 52-week highs<\/div>\n<\/div>\n<\/div>\n
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is it’s not very easy to you know pick a<\/div>\n<\/div>\n<\/div>\n
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correct target level<\/div>\n<\/div>\n<\/div>\n
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and you know hold the decent size until<\/div>\n<\/div>\n<\/div>\n
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then and what we found is you know<\/div>\n<\/div>\n<\/div>\n
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sometimes we might be taking off too<\/div>\n<\/div>\n<\/div>\n
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much size too quick<\/div>\n<\/div>\n<\/div>\n
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you know looking for 50 60 cents when we<\/div>\n<\/div>\n<\/div>\n
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know that this<\/div>\n<\/div>\n<\/div>\n
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this stock or hindsight wise it goes and<\/div>\n<\/div>\n<\/div>\n
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moves you know three or four points<\/div>\n<\/div>\n<\/div>\n
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so we were trying to figure out a way<\/div>\n<\/div>\n<\/div>\n
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that we can you know have a better<\/div>\n<\/div>\n<\/div>\n
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method of selecting targets<\/div>\n<\/div>\n<\/div>\n
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and with that being able to hold a core<\/div>\n<\/div>\n<\/div>\n
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or at least<\/div>\n<\/div>\n<\/div>\n
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you know decent position into those<\/div>\n<\/div>\n<\/div>\n
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targets and you know getting a much<\/div>\n<\/div>\n<\/div>\n
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wider move<\/div>\n<\/div>\n<\/div>\n
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so to do that what we did is we started<\/div>\n<\/div>\n<\/div>\n
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tracking a lot of the<\/div>\n<\/div>\n<\/div>\n
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previous earning plays based on their<\/div>\n<\/div>\n<\/div>\n
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implied move and with that and<\/div>\n<\/div>\n<\/div>\n
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collecting stats on like<\/div>\n<\/div>\n<\/div>\n
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where the stock will move after the open<\/div>\n<\/div>\n<\/div>\n
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um and then kind of gauging that with<\/div>\n<\/div>\n<\/div>\n
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atr’s<\/div>\n<\/div>\n<\/div>\n
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you know so then it’s like it works<\/div>\n<\/div>\n<\/div>\n
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across the board so<\/div>\n<\/div>\n<\/div>\n
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for example with uh snapchat what we<\/div>\n<\/div>\n<\/div>\n
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have is the average high<\/div>\n<\/div>\n<\/div>\n
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after the open versus atr the stat that<\/div>\n<\/div>\n<\/div>\n
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we had would be<\/div>\n<\/div>\n<\/div>\n
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was 3.35 so you know we’d look for at<\/div>\n<\/div>\n<\/div>\n
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least three atr’s from the open to the<\/div>\n<\/div>\n<\/div>\n
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high<\/div>\n<\/div>\n<\/div>\n
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and that corresponds to about 3.1 points<\/div>\n<\/div>\n<\/div>\n
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on snapchat<\/div>\n<\/div>\n<\/div>\n
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and then the average that we had for the<\/div>\n<\/div>\n<\/div>\n
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average reserve versus atr<\/div>\n<\/div>\n<\/div>\n
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was .57 atr’s so you know we can kind of<\/div>\n<\/div>\n<\/div>\n
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use that<\/div>\n<\/div>\n<\/div>\n
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you know to look at getting in on a pull<\/div>\n<\/div>\n<\/div>\n
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and or whatever<\/div>\n<\/div>\n<\/div>\n
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and so what snapchat actually ended up<\/div>\n<\/div>\n<\/div>\n
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doing<\/div>\n<\/div>\n<\/div>\n
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was 3.92 atr from the open and then the<\/div>\n<\/div>\n<\/div>\n
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atr<\/div>\n<\/div>\n<\/div>\n
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you know the average low atr which it<\/div>\n<\/div>\n<\/div>\n
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did was 0.58<\/div>\n<\/div>\n<\/div>\n
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so you can see those kind of stats are<\/div>\n<\/div>\n<\/div>\n
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quite closely correlated<\/div>\n<\/div>\n<\/div>\n
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with what you know we were looking for<\/div>\n<\/div>\n<\/div>\n
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and with that it just gives us a much<\/div>\n<\/div>\n<\/div>\n
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better<\/div>\n<\/div>\n<\/div>\n
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much more confidence in being able to<\/div>\n<\/div>\n<\/div>\n
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hold a decent or majority position<\/div>\n<\/div>\n<\/div>\n
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into those targets and capturing a much<\/div>\n<\/div>\n<\/div>\n
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wider move igor can you tell me a little<\/div>\n<\/div>\n<\/div>\n
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bit more<\/div>\n<\/div>\n<\/div>\n
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specifically how are you using these<\/div>\n<\/div>\n<\/div>\n
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stats<\/div>\n<\/div>\n<\/div>\n
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and from these stats what you’re<\/div>\n<\/div>\n<\/div>\n
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expecting yeah for sure so<\/div>\n<\/div>\n<\/div>\n
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you know we obviously like to plan it in<\/div>\n<\/div>\n<\/div>\n
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the premarket you know<\/div>\n<\/div>\n<\/div>\n
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um like we don’t want to be coming into<\/div>\n<\/div>\n<\/div>\n
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the trade unprepared<\/div>\n<\/div>\n<\/div>\n
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and you know we see like maybe a<\/div>\n<\/div>\n<\/div>\n
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momentum break and with that thinking oh<\/div>\n<\/div>\n<\/div>\n
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maybe micromanaging taking off half for<\/div>\n<\/div>\n<\/div>\n
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50 cents when we know<\/div>\n<\/div>\n<\/div>\n
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ideally you know using back testing in<\/div>\n<\/div>\n<\/div>\n
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those stats<\/div>\n<\/div>\n<\/div>\n
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we can expect this to at least hit the<\/div>\n<\/div>\n<\/div>\n
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atr’s<\/div>\n<\/div>\n<\/div>\n
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and so with that it just helps us get a<\/div>\n<\/div>\n<\/div>\n
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much you know wider move<\/div>\n<\/div>\n<\/div>\n
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thing and being a lot more confident in<\/div>\n<\/div>\n<\/div>\n
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the trade and really helps<\/div>\n<\/div>\n<\/div>\n
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uh reduce micromanaging which is you<\/div>\n<\/div>\n<\/div>\n
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know can be quite troublesome for<\/div>\n<\/div>\n<\/div>\n
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training okay great yeah so here are the<\/div>\n<\/div>\n<\/div>\n
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the<\/div>\n<\/div>\n<\/div>\n
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earnings so revenue increased 52 to 679<\/div>\n<\/div>\n<\/div>\n
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million in quarter three<\/div>\n<\/div>\n<\/div>\n
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compared to the prior year and then eps<\/div>\n<\/div>\n<\/div>\n
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which is one of the triple b<\/div>\n<\/div>\n<\/div>\n
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categories as well um was one cent<\/div>\n<\/div>\n<\/div>\n
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positive versus an expected loss of five<\/div>\n<\/div>\n<\/div>\n
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cents per share<\/div>\n<\/div>\n<\/div>\n
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daily active users were 249 million in<\/div>\n<\/div>\n<\/div>\n
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quarter 3 of 2020<\/div>\n<\/div>\n<\/div>\n
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increase of 39 million year over year<\/div>\n<\/div>\n<\/div>\n
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and the average number of snaps created<\/div>\n<\/div>\n<\/div>\n
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every day grew 25<\/div>\n<\/div>\n<\/div>\n
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year over year so those are kind of the<\/div>\n<\/div>\n<\/div>\n
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kind of things we’re looking for when<\/div>\n<\/div>\n<\/div>\n
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we’re looking for triple b<\/div>\n<\/div>\n<\/div>\n
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okay of those what’s most important well<\/div>\n<\/div>\n<\/div>\n
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for me the most important is showing<\/div>\n<\/div>\n<\/div>\n
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growth<\/div>\n<\/div>\n<\/div>\n
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so i think the daily active users for me<\/div>\n<\/div>\n<\/div>\n
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is what i like to look for in stores<\/div>\n<\/div>\n<\/div>\n
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yes yes yes 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<\/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 snapchat<\/div>\n<\/div>\n<\/div>\n
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itself engages in<\/div>\n<\/div>\n<\/div>\n
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in camera applications and it uses<\/div>\n<\/div>\n<\/div>\n
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camera<\/div>\n<\/div>\n<\/div>\n
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and editing to have sort of online<\/div>\n<\/div>\n<\/div>\n
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communication<\/div>\n<\/div>\n<\/div>\n
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um through stories videos and chats and<\/div>\n<\/div>\n<\/div>\n
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\n
something to note is that snapchat has<\/div>\n<\/div>\n<\/div>\n
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been one of the beneficiaries<\/div>\n<\/div>\n<\/div>\n
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of kobit since users are more active on<\/div>\n<\/div>\n<\/div>\n
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their cell phones<\/div>\n<\/div>\n<\/div>\n
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users are becoming more dependent on<\/div>\n<\/div>\n<\/div>\n
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online communications with<\/div>\n<\/div>\n<\/div>\n
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say work or going to school and as well<\/div>\n<\/div>\n<\/div>\n
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as the recent<\/div>\n<\/div>\n<\/div>\n
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bumps in the road for its competitor on<\/div>\n<\/div>\n<\/div>\n
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tick-tock um so that’s not gonna like<\/div>\n<\/div>\n<\/div>\n
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mention to us that we want to take this<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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um exponentially more it’s just kind of<\/div>\n<\/div>\n<\/div>\n
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more of an interesting factor to<\/div>\n<\/div>\n<\/div>\n
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sort of bake in is this another thing we<\/div>\n<\/div>\n<\/div>\n
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have to start using<\/div>\n<\/div>\n<\/div>\n
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\n
do we have to start do we start doing<\/div>\n<\/div>\n<\/div>\n
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\n
snapchat now okay<\/div>\n<\/div>\n<\/div>\n
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\n
i mean we do youtube we do twitter we do<\/div>\n<\/div>\n<\/div>\n
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facebook<\/div>\n<\/div>\n<\/div>\n
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\n
we got to do a there’s another we do<\/div>\n<\/div>\n<\/div>\n
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instagram there’s another thing we have<\/div>\n<\/div>\n<\/div>\n
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to do<\/div>\n<\/div>\n<\/div>\n
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\n
all right sorry about that guys and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
the chart on the<\/div>\n<\/div>\n<\/div>\n
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\n
right is a chart of igv which is the<\/div>\n<\/div>\n<\/div>\n
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internet sector<\/div>\n<\/div>\n<\/div>\n
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\n
which snapshot is a very big component<\/div>\n<\/div>\n<\/div>\n
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\n
in and it is overlaid on top of the s p<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is the purple line<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if you look at the arrows those are<\/div>\n<\/div>\n<\/div>\n
\n
\n
from the drop before<\/div>\n<\/div>\n<\/div>\n
\n
\n
kovin and if you notice on snapchat’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
um this sector breaks that high only<\/div>\n<\/div>\n<\/div>\n
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about<\/div>\n<\/div>\n<\/div>\n
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a month or two after after we came into<\/div>\n<\/div>\n<\/div>\n
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\n
those lows during um<\/div>\n<\/div>\n<\/div>\n
\n
\n
cobin and spent trending cinch and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
s p hasn’t gotten over those highs to<\/div>\n<\/div>\n<\/div>\n
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\n
about double that time spent<\/div>\n<\/div>\n<\/div>\n
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\n
yes this is one of the beneficiaries but<\/div>\n<\/div>\n<\/div>\n
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\n
also names inside of that sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
are also benefiting as well which<\/div>\n<\/div>\n<\/div>\n
\n
\n
explains the the daily active user<\/div>\n<\/div>\n<\/div>\n
\n
\n
growth in their report yeah so here’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
just the big picture<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the market you know spies where<\/div>\n<\/div>\n<\/div>\n
\n
\n
bounce had already bounced from those<\/div>\n<\/div>\n<\/div>\n
\n
\n
lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you know we’ve seen already a few<\/div>\n<\/div>\n<\/div>\n
\n
\n
days a week for some spies and queues<\/div>\n<\/div>\n<\/div>\n
\n
\n
so here’s just the you know you can just<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the relative strength in snapchat<\/div>\n<\/div>\n<\/div>\n
\n
\n
recovered much quicker than the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
names um from kovid<\/div>\n<\/div>\n<\/div>\n
\n
\n
and also this like little pullback we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had recently and you know obviously some<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the main things we look for in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know er play<\/div>\n<\/div>\n<\/div>\n
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\n
is that it’s breaking over into new<\/div>\n<\/div>\n<\/div>\n
\n
\n
all-time highs or 52-week highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then added with this is that it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
also breaking over that ipo high<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is you know something very it’s a<\/div>\n<\/div>\n<\/div>\n
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\n
very good technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
can i jump in here and give you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
something to think about how do you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel about trying to back test<\/div>\n<\/div>\n<\/div>\n
\n
\n
using daily average users<\/div>\n<\/div>\n<\/div>\n
\n
\n
how do you feel like inputting that into<\/div>\n<\/div>\n<\/div>\n
\n
\n
your back test<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so you can get a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
edge using that i think that’s a pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea we haven’t really thought about<\/div>\n<\/div>\n<\/div>\n
\n
\n
that much and look i think that the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger idea the broader idea is<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you have a news catalyst that shows<\/div>\n<\/div>\n<\/div>\n
\n
\n
the core<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the business is growing the core of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the business is getting better<\/div>\n<\/div>\n<\/div>\n
\n
\n
well what do those results look like and<\/div>\n<\/div>\n<\/div>\n
\n
\n
good for you to be looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the statistics you’re looking at they<\/div>\n<\/div>\n<\/div>\n
\n
\n
may in of themselves<\/div>\n<\/div>\n<\/div>\n
\n
\n
get you to the same answer<\/div>\n<\/div>\n<\/div>\n
\n
\n
but while you’re at it you might use an<\/div>\n<\/div>\n<\/div>\n
\n
\n
input of<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey what happens if the daily average<\/div>\n<\/div>\n<\/div>\n
\n
\n
users really<\/div>\n<\/div>\n<\/div>\n
\n
\n
spike in this stock what happens if they<\/div>\n<\/div>\n<\/div>\n
\n
\n
do so in stocks like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what happens if they do this in<\/div>\n<\/div>\n<\/div>\n
\n
\n
twitter what happened<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see if you can get some information<\/div>\n<\/div>\n<\/div>\n
\n
\n
there and that may give you<\/div>\n<\/div>\n<\/div>\n
\n
\n
a completer picture of what this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade what this day is going to look<\/div>\n<\/div>\n<\/div>\n
\n
\n
like something to think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll let you guys worry about that this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade for us maybe comes<\/div>\n<\/div>\n<\/div>\n
\n
\n
one to three times in an earnings season<\/div>\n<\/div>\n<\/div>\n
\n
\n
with all these variables<\/div>\n<\/div>\n<\/div>\n
\n
\n
aligning especially with how much the<\/div>\n<\/div>\n<\/div>\n
\n
\n
move is compared to its implied move so<\/div>\n<\/div>\n<\/div>\n
\n
\n
we really wanted to detail for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
exact<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade what we wanted to be exactly<\/div>\n<\/div>\n<\/div>\n
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\n
looking for but more importantly not<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to predict the price action just<\/div>\n<\/div>\n<\/div>\n
\n
\n
be prepared<\/div>\n<\/div>\n<\/div>\n
\n
\n
and kind of avoid the sort of gunshot<\/div>\n<\/div>\n<\/div>\n
\n
\n
aspect that can happen and not come in<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a bias for an invalid reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so here i kind of listed these stats<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we already<\/div>\n<\/div>\n<\/div>\n
\n
\n
went over levels which which we would<\/div>\n<\/div>\n<\/div>\n
\n
\n
see into the next slide which goes over<\/div>\n<\/div>\n<\/div>\n
\n
\n
the pre-market and after levels my ideal<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this trade compared to my daily stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
loss<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then what i’m looking for for<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation on this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
since it’s a since it’s a trade with<\/div>\n<\/div>\n<\/div>\n
\n
\n
such a large reaction<\/div>\n<\/div>\n<\/div>\n
\n
\n
um one might think that you know this<\/div>\n<\/div>\n<\/div>\n
\n
\n
might be<\/div>\n<\/div>\n<\/div>\n
\n
\n
over extended and so that’s why we put<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the other<\/div>\n<\/div>\n<\/div>\n
\n
\n
variables that could make us think the<\/div>\n<\/div>\n<\/div>\n
\n
\n
other way and maybe this name<\/div>\n<\/div>\n<\/div>\n
\n
\n
has more room and with that it can be<\/div>\n<\/div>\n<\/div>\n
\n
\n
very difficult<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get in with confirmation and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
defining confirmation is extremely<\/div>\n<\/div>\n<\/div>\n
\n
\n
important this will<\/div>\n<\/div>\n<\/div>\n
\n
\n
allow us to to understand where price<\/div>\n<\/div>\n<\/div>\n
\n
\n
shouldn’t get<\/div>\n<\/div>\n<\/div>\n
\n
\n
get back over or um under and<\/div>\n<\/div>\n<\/div>\n
\n
\n
more specifically where we should put on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most amount of risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
right because we want to be avoiding<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to get the best price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and not thinking about the trade idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
but more importantly getting the best<\/div>\n<\/div>\n<\/div>\n
\n
\n
price but also the best time which would<\/div>\n<\/div>\n<\/div>\n
\n
\n
be the confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for this trade it would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
snapchat doing one atr within the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
if snapchat gapped up seven atrs and say<\/div>\n<\/div>\n<\/div>\n
\n
\n
we think this might trend with three or<\/div>\n<\/div>\n<\/div>\n
\n
\n
four atrs if it’s like starting to fail<\/div>\n<\/div>\n<\/div>\n
\n
\n
at one etr or maybe it’s like an hour<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we haven’t done one atr that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
to us that maybe this day might not<\/div>\n<\/div>\n<\/div>\n
\n
\n
happen um<\/div>\n<\/div>\n<\/div>\n
\n
\n
so judging how quickly and how<\/div>\n<\/div>\n<\/div>\n
\n
\n
efficiently that we get to one atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
and hold um is really important and<\/div>\n<\/div>\n<\/div>\n
\n
\n
we noted that things that would not be<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting us involved which is what i<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentioned us being inside of a range for<\/div>\n<\/div>\n<\/div>\n
\n
\n
over<\/div>\n<\/div>\n<\/div>\n
\n
\n
an hour so a much elongated period of<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
time spent under v walk on the open if a<\/div>\n<\/div>\n<\/div>\n
\n
\n
red move happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a failed move to go to two atrs and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s coming back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
into this opening range and the reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
being with these<\/div>\n<\/div>\n<\/div>\n
\n
\n
exact earnings this trade should be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
very strong momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
trend this should not be under its<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
high in the first hour or two hours it<\/div>\n<\/div>\n<\/div>\n
\n
\n
should be well over<\/div>\n<\/div>\n<\/div>\n
\n
\n
that high and trending with a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a lot of momentum we don’t want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
go into the day saying we think snapchat<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to do this or<\/div>\n<\/div>\n<\/div>\n
\n
\n
this so we picked up on two nuances<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so if you look on the left arrow we<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually broke a pre-market support<\/div>\n<\/div>\n<\/div>\n
\n
\n
about an hour and a half into the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was a change because usually with<\/div>\n<\/div>\n<\/div>\n
\n
\n
these earnings we want them to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
consistently holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
its after and pre-market levels and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
we quickly got back over<\/div>\n<\/div>\n<\/div>\n
\n
\n
that area about 30 or 40 minutes later<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then about 20 minutes before the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open we actually got sold right back<\/div>\n<\/div>\n<\/div>\n
\n
\n
down and the fact that<\/div>\n<\/div>\n<\/div>\n
\n
\n
snapchat is having these sort of<\/div>\n<\/div>\n<\/div>\n
\n
\n
movements is just telling<\/div>\n<\/div>\n<\/div>\n
\n
\n
telling us that the open may be choppy<\/div>\n<\/div>\n<\/div>\n
\n
\n
so maybe we want to be a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
inactive all in the open and just sort<\/div>\n<\/div>\n<\/div>\n
\n
\n
of observe<\/div>\n<\/div>\n<\/div>\n
\n
\n
prices and really wait for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and get a feel for the name better than<\/div>\n<\/div>\n<\/div>\n
\n
\n
just trying to buy the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just hold it for uh the day yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
what that’s telling me right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
joseph is that that’s a super important<\/div>\n<\/div>\n<\/div>\n
\n
\n
level so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s price action before the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s tight<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s showing me that that level is<\/div>\n<\/div>\n<\/div>\n
\n
\n
really important it<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t trade below there once twice<\/div>\n<\/div>\n<\/div>\n
\n
\n
three times<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost four or five six seven times gets<\/div>\n<\/div>\n<\/div>\n
\n
\n
below there<\/div>\n<\/div>\n<\/div>\n
\n
\n
finally can’t really hold below there<\/div>\n<\/div>\n<\/div>\n
\n
\n
gets back above there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and before you know right before the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open is still above that<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular area where you’re drawing<\/div>\n<\/div>\n<\/div>\n
\n
\n
your first arrow<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that to me is a is an inflection<\/div>\n<\/div>\n<\/div>\n
\n
\n
point if i can use that word<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that’s i want to know if it’s above<\/div>\n<\/div>\n<\/div>\n
\n
\n
or below that price<\/div>\n<\/div>\n<\/div>\n
\n
\n
when we open up and that’s a really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
point because<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we kind of reference back if there is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pull-in on the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
we don’t want this to do say one or two<\/div>\n<\/div>\n<\/div>\n
\n
\n
atr’s on the pull-in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and begin to break down certain<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
so ideally if there is a pulling on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open we would like it to be extremely<\/div>\n<\/div>\n<\/div>\n
\n
\n
shallow<\/div>\n<\/div>\n<\/div>\n
\n
\n
so exactly as you mentioned if there is<\/div>\n<\/div>\n<\/div>\n
\n
\n
an inflection coming in right on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the open we’re going to be observing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that price a lot more i guess<\/div>\n<\/div>\n<\/div>\n
\n
\n
like stronger and that is going to be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really big observation piece<\/div>\n<\/div>\n<\/div>\n
\n
\n
for us and so on the open the first move<\/div>\n<\/div>\n<\/div>\n
\n
\n
fails<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the pre-market highs and immediately<\/div>\n<\/div>\n<\/div>\n
\n
\n
comes right back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
underneath the opening price and has<\/div>\n<\/div>\n<\/div>\n
\n
\n
that pull in on the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and as you can see this is a two minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart we immediately get back inside the<\/div>\n<\/div>\n<\/div>\n
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\n
opening price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and try to make a new high we come right<\/div>\n<\/div>\n<\/div>\n
\n
\n
back in we fail again and then at that<\/div>\n<\/div>\n<\/div>\n
\n
\n
point<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we’re thinking is this is really<\/div>\n<\/div>\n<\/div>\n
\n
\n
big<\/div>\n<\/div>\n<\/div>\n
\n
\n
in decision however again with<\/div>\n<\/div>\n<\/div>\n
\n
\n
such a big gap up if we’re only able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
pull in<\/div>\n<\/div>\n<\/div>\n
\n
\n
about a half an hr on the open on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
seven hdr gap<\/div>\n<\/div>\n<\/div>\n
\n
\n
that to us is telling us that this name<\/div>\n<\/div>\n<\/div>\n
\n
\n
is really strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so it attempts to break down again<\/div>\n<\/div>\n<\/div>\n
\n
\n
in which that move gets fitted up almost<\/div>\n<\/div>\n<\/div>\n
\n
\n
immediately and gets right back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
inside of that range and that is now the<\/div>\n<\/div>\n<\/div>\n
\n
\n
opening range that we have<\/div>\n<\/div>\n<\/div>\n
\n
\n
prices to be risking off of and now we<\/div>\n<\/div>\n<\/div>\n
\n
\n
are thinking like all right it’s now<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming into<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 20 minutes in into the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we would like to see a breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
within the next five or ten minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
price breaks the opening range so when<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get above the opening range<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what’s the price that you have as the<\/div>\n<\/div>\n<\/div>\n
\n
\n
opening range when you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
and using that pre-market price<\/div>\n<\/div>\n<\/div>\n
\n
\n
discovery<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well you have this dotted right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
what’s the price of the dotted line<\/div>\n<\/div>\n<\/div>\n
\n
\n
the yellow dotted line i think if that<\/div>\n<\/div>\n<\/div>\n
\n
\n
is about 30 35.5<\/div>\n<\/div>\n<\/div>\n
\n
\n
35 okay 35.5 so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m calling that above the opening range<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
calling that above the opening range<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i’m looking at the price action<\/div>\n<\/div>\n<\/div>\n
\n
\n
before the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
are we using the same language correct<\/div>\n<\/div>\n<\/div>\n
\n
\n
yes<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay what are we doing above there<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i can’t help but do one thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
above there<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i don’t need to really think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
anything else as an old-school<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader as a person who was taught as a<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum trader<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the stock that crushed earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
triple beat as you guys said<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s not anything for me to think<\/div>\n<\/div>\n<\/div>\n
\n
\n
about now i’m doing one thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re buying i’m getting locked that<\/div>\n<\/div>\n<\/div>\n
\n
\n
was the confirmation that we talked<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
in our pre-market plan if there was an<\/div>\n<\/div>\n<\/div>\n
\n
\n
opening range<\/div>\n<\/div>\n<\/div>\n
\n
\n
that breaks out only only inside of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
range maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minutes and it’s breaking out and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting thing is these orange lines<\/div>\n<\/div>\n<\/div>\n
\n
\n
are<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually atr’s so that orange line that<\/div>\n<\/div>\n<\/div>\n
\n
\n
corresponded to the pre-market high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the opening range range high is one<\/div>\n<\/div>\n<\/div>\n
\n
\n
atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the open so like i mentioned if that<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaks<\/div>\n<\/div>\n<\/div>\n
\n
\n
not only are we breaking that opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
range but we’re also doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
one atr extremely fast right and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
other atr’s are more gauges of strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
for<\/div>\n<\/div>\n<\/div>\n
\n
\n
um trend so that’s a really really good<\/div>\n<\/div>\n<\/div>\n
\n
\n
point as you can see when it does<\/div>\n<\/div>\n<\/div>\n
\n
\n
break out there’s one little nuance that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i noticed<\/div>\n<\/div>\n<\/div>\n
\n
\n
and like i mentioned earlier with this<\/div>\n<\/div>\n<\/div>\n
\n
\n
like trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is a very strong momentum trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
so often than not there’s not many<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunities to get long<\/div>\n<\/div>\n<\/div>\n
\n
\n
after it does break out because chances<\/div>\n<\/div>\n<\/div>\n
\n
\n
are this won’t pull back to view up<\/div>\n<\/div>\n<\/div>\n
\n
\n
if that opening range break is true and<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you notice<\/div>\n<\/div>\n<\/div>\n
\n
\n
when it does get into that orange line<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you see that red candle there<\/div>\n<\/div>\n<\/div>\n
\n
\n
we attempt to break down and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
immediately gets bitted up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and no we’re at two atrs at this point<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if we reach<\/div>\n<\/div>\n<\/div>\n
\n
\n
two atr’s try to get a pull maybe back<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the pre-market highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and immediately gets bidded up if that<\/div>\n<\/div>\n<\/div>\n
\n
\n
makes a new high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and holds there that to us is a sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right this is going to be one of<\/div>\n<\/div>\n<\/div>\n
\n
\n
those trades where it does not give a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback and it’s just going to trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the momentum is going to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremely<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh strong there and that’s really<\/div>\n<\/div>\n<\/div>\n
\n
\n
important for us because<\/div>\n<\/div>\n<\/div>\n
\n
\n
one it keeps us in the trade longer it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
information that our at this trade is<\/div>\n<\/div>\n<\/div>\n
\n
\n
working<\/div>\n<\/div>\n<\/div>\n
\n
\n
and two it’s preventing us from getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
overly big<\/div>\n<\/div>\n<\/div>\n
\n
\n
because with that when you’re buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
such an accelerated<\/div>\n<\/div>\n<\/div>\n
\n
\n
like trend without any strong poles to<\/div>\n<\/div>\n<\/div>\n
\n
\n
manage risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
it can be very hard to add and manage<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we understand that so now we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinking all right we’re probably not<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to get a chance to<\/div>\n<\/div>\n<\/div>\n
\n
\n
add in this position but let us continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
to follow<\/div>\n<\/div>\n<\/div>\n
\n
\n
price and go into our targets for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
day<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see extremely strong gap up<\/div>\n<\/div>\n<\/div>\n
\n
\n
about two implied moves it holds the<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market range<\/div>\n<\/div>\n<\/div>\n
\n
\n
and where it holds the after hours range<\/div>\n<\/div>\n<\/div>\n
\n
\n
holds the pre-market range<\/div>\n<\/div>\n<\/div>\n
\n
\n
develops an opening range and then it<\/div>\n<\/div>\n<\/div>\n
\n
\n
begins to trend forward<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the entire morning so this is the 35<\/div>\n<\/div>\n<\/div>\n
\n
\n
brick and if you’re probably watching<\/div>\n<\/div>\n<\/div>\n
\n
\n
snap on the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
there were huge offers at 35<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what i actually did was you know on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that pull-in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then it gets brought up quick i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinking okay we’re putting up higher<\/div>\n<\/div>\n<\/div>\n
\n
\n
lows and we’re getting over that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know that pivot or important level<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we now we just spoke about<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to put on a feeler and maybe look<\/div>\n<\/div>\n<\/div>\n
\n
\n
at potentially adding for momentum not<\/div>\n<\/div>\n<\/div>\n
\n
\n
over 35<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s what i did but actually what<\/div>\n<\/div>\n<\/div>\n
\n
\n
happened unfortunately if anyone sees<\/div>\n<\/div>\n<\/div>\n
\n
\n
that wick that already happened<\/div>\n<\/div>\n<\/div>\n
\n
\n
i actually somehow got filled at the top<\/div>\n<\/div>\n<\/div>\n
\n
\n
there it was like less than half a<\/div>\n<\/div>\n<\/div>\n
\n
\n
second<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that kind of messed everything up but<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see here on the actual 35 break<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i really don’t understand what<\/div>\n<\/div>\n<\/div>\n
\n
\n
that first book was it was a misprint or<\/div>\n<\/div>\n<\/div>\n
\n
\n
something<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was just really clean and we got some<\/div>\n<\/div>\n<\/div>\n
\n
\n
really strong momentum up into like<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know that same first week’s high so<\/div>\n<\/div>\n<\/div>\n
\n
\n
just want to play<\/div>\n<\/div>\n<\/div>\n
\n
\n
here we go bids are coming up strongly<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting tight on the offer those offers<\/div>\n<\/div>\n<\/div>\n
\n
\n
are still there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then once they start getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
decremented quickly gets over biz are<\/div>\n<\/div>\n<\/div>\n
\n
\n
still rising pretty well<\/div>\n<\/div>\n<\/div>\n
\n
\n
not seeing any selling on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
announcing some big bids coming notice<\/div>\n<\/div>\n<\/div>\n
\n
\n
how quickly it got above 35 i mean this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh this is a stock that can do a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume every five cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
normally and you would expect selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
every five cents and<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it very quickly skipped prices that<\/div>\n<\/div>\n<\/div>\n
\n
\n
skipping of prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a signal to you that this could be<\/div>\n<\/div>\n<\/div>\n
\n
\n
really strong going forward<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah for sure and especially because<\/div>\n<\/div>\n<\/div>\n
\n
\n
recently you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of these breakouts overhaul<\/div>\n<\/div>\n<\/div>\n
\n
\n
numbers don’t work as well as maybe they<\/div>\n<\/div>\n<\/div>\n
\n
\n
used to last year<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then this one just worked straight<\/div>\n<\/div>\n<\/div>\n
\n
\n
away it goes up 20 30 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know with no hesitation this is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
high low which you know after we pulled<\/div>\n<\/div>\n<\/div>\n
\n
\n
back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and so the fact that so right now i<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t have any position because<\/div>\n<\/div>\n<\/div>\n
\n
\n
after i got filled at the top of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
work i just have to you know throw in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
towel and get flat because my average is<\/div>\n<\/div>\n<\/div>\n
\n
\n
now not good<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you’ll see here we rick down to i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think it was like<\/div>\n<\/div>\n<\/div>\n
\n
\n
34 65 or something it doesn’t spend any<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
there quickly gets back up over 3470s<\/div>\n<\/div>\n<\/div>\n
\n
\n
which were quite clear on the opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
range film which unfortunately we<\/div>\n<\/div>\n<\/div>\n
\n
\n
couldn’t see<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then that like signal to me is<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay now we’re putting on a strong high<\/div>\n<\/div>\n<\/div>\n
\n
\n
low<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if if i wanted to get in with<\/div>\n<\/div>\n<\/div>\n
\n
\n
proper size and have a super low day i’d<\/div>\n<\/div>\n<\/div>\n
\n
\n
be risking about less than half an atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just remembering my targets are<\/div>\n<\/div>\n<\/div>\n
\n
\n
three atr you know that’s looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
like six to one or four<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then if you combine that with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
factors of that strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know momentum break and all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
fundamental analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
to me that’s just like a great<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity to get into size<\/div>\n<\/div>\n<\/div>\n
\n
\n
whether it’s not majority or just a<\/div>\n<\/div>\n<\/div>\n
\n
\n
decent chunk and then looking to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
later<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that was like my key for me to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
in and we’ll see on our executions later<\/div>\n<\/div>\n<\/div>\n
\n
\n
how joe and i took this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
um so yeah and then it kind of just<\/div>\n<\/div>\n<\/div>\n
\n
\n
chilled around<\/div>\n<\/div>\n<\/div>\n
\n
\n
here and then when it got back over 35<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was just super confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
that this trade was now working so now<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we had that opening range set up<\/div>\n<\/div>\n<\/div>\n
\n
\n
as joe was mentioning when we get over<\/div>\n<\/div>\n<\/div>\n
\n
\n
this like area<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh look you can already see all the<\/div>\n<\/div>\n<\/div>\n
\n
\n
offers and that was you know the opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
range high<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if we can get that taken out that<\/div>\n<\/div>\n<\/div>\n
\n
\n
could just you know be<\/div>\n<\/div>\n<\/div>\n
\n
\n
even more confirmation that this is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
start of the trend you can play<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and so that i i wasn’t you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i already really got into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
comfortable size<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was not looking for pull-ins to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i for sure should have been looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
to add some more in here<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know getting that opening range high<\/div>\n<\/div>\n<\/div>\n
\n
\n
this setup usually works super well and<\/div>\n<\/div>\n<\/div>\n
\n
\n
having a good average<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but yeah so that you could see there<\/div>\n<\/div>\n<\/div>\n
\n
\n
that just got taken out super quickly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t even hesitate to pull back yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
look that’s a long that’s a long<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a long that’s a buy that’s a buy<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a buy<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you push the button you push the<\/div>\n<\/div>\n<\/div>\n
\n
\n
buy button i<\/div>\n<\/div>\n<\/div>\n
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\n
am perfectly comfortable what happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
after that i want to be in trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
where i am in a good risk reward trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is setting up beautifully<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve got great earnings you’ve got a<\/div>\n<\/div>\n<\/div>\n
\n
\n
good level you’ve got another good level<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve got above the opening range it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
working well<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape has given us some signals we<\/div>\n<\/div>\n<\/div>\n
\n
\n
let our hands go<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get long that’s our job our job in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade right now is to get long<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is not our job to worry about whether<\/div>\n<\/div>\n<\/div>\n
\n
\n
or not this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
works or not it’s our job to get long<\/div>\n<\/div>\n<\/div>\n
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\n
it’s our job to push the buy button<\/div>\n<\/div>\n<\/div>\n
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\n
it’s our job to make sure we’re big<\/div>\n<\/div>\n<\/div>\n
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\n
enough<\/div>\n<\/div>\n<\/div>\n
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\n
and and just see what happens i can’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
control what’s going to happen but i can<\/div>\n<\/div>\n<\/div>\n
\n
\n
control getting into really good trades<\/div>\n<\/div>\n<\/div>\n
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\n
i want to be in really good trades this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is one of those<\/div>\n<\/div>\n<\/div>\n
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\n
i break down my executions for feelers<\/div>\n<\/div>\n<\/div>\n
\n
\n
interest size and majority and then my<\/div>\n<\/div>\n<\/div>\n
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\n
sales are driver’s seat<\/div>\n<\/div>\n<\/div>\n
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\n
pay myself majority and then overshoot<\/div>\n<\/div>\n<\/div>\n
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\n
sales<\/div>\n<\/div>\n<\/div>\n
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\n
so on the open when we sort of drop out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we can’t trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
underneath the print low i grab a feeler<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremely tiny size but i understand<\/div>\n<\/div>\n<\/div>\n
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\n
with this position<\/div>\n<\/div>\n<\/div>\n
\n
\n
that getting in early is really<\/div>\n<\/div>\n<\/div>\n
\n
\n
important because we might not have the<\/div>\n<\/div>\n<\/div>\n
\n
\n
chance to get in<\/div>\n<\/div>\n<\/div>\n
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\n
at these prices and we might have to be<\/div>\n<\/div>\n<\/div>\n
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\n
paying up<\/div>\n<\/div>\n<\/div>\n
\n
\n
later on so i’m kind of just setting<\/div>\n<\/div>\n<\/div>\n
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\n
myself up for<\/div>\n<\/div>\n<\/div>\n
\n
\n
this position if it does um set up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so when it’s starting to pull back<\/div>\n<\/div>\n<\/div>\n
\n
\n
and like be seen on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
we are kind of breaking that kind of 35<\/div>\n<\/div>\n<\/div>\n
\n
\n
level and we’re starting to see it very<\/div>\n<\/div>\n<\/div>\n
\n
\n
slowly<\/div>\n<\/div>\n<\/div>\n
\n
\n
drop the bids and get back into the 60<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 70 cent range where it<\/div>\n<\/div>\n<\/div>\n
\n
\n
got immediately fitted up of the open<\/div>\n<\/div>\n<\/div>\n
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\n
when that started to happen i began to<\/div>\n<\/div>\n<\/div>\n
\n
\n
piece in more and more<\/div>\n<\/div>\n<\/div>\n
\n
\n
and more still not majority of my size<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is something that i am interested<\/div>\n<\/div>\n<\/div>\n
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\n
in because it’s a very defined risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m not a majority of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
because the timing<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of anticipating that<\/div>\n<\/div>\n<\/div>\n
\n
\n
something may happen<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i am controlling my risk at this<\/div>\n<\/div>\n<\/div>\n
\n
\n
point and i’m not going to say<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know in hindsight i should be in<\/div>\n<\/div>\n<\/div>\n
\n
\n
full size here because of x<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is just not true and so when it<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaks that opening range high<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i actually do is instead of like<\/div>\n<\/div>\n<\/div>\n
\n
\n
having a stop over there to just get<\/div>\n<\/div>\n<\/div>\n
\n
\n
long<\/div>\n<\/div>\n<\/div>\n
\n
\n
since snapchat was a bit choppy on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i actually waited a few seconds for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the breakout to tell me that the tape is<\/div>\n<\/div>\n<\/div>\n
\n
\n
clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
to tell me the spread is staying tight<\/div>\n<\/div>\n<\/div>\n
\n
\n
and to tell me that this is a real<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
once i get the confirmation i hid in<\/div>\n<\/div>\n<\/div>\n
\n
\n
full size<\/div>\n<\/div>\n<\/div>\n
\n
\n
at that point the goal here for us was<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be able to hold majority into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
three atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
target range and not to you know go in<\/div>\n<\/div>\n<\/div>\n
\n
\n
hindsight and say<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh i should have held here because of x<\/div>\n<\/div>\n<\/div>\n
\n
\n
like we have a reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so as it’s moving its way into two<\/div>\n<\/div>\n<\/div>\n
\n
\n
etrs<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m kind of trimming a little bit still<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremely small<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i do understand that this did just<\/div>\n<\/div>\n<\/div>\n
\n
\n
do two<\/div>\n<\/div>\n<\/div>\n
\n
\n
atr so i want to be trimming a tiny bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
the sale i want to speak about here<\/div>\n<\/div>\n<\/div>\n
\n
\n
is is if you look at where it says pm<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then the right line where i sold on<\/div>\n<\/div>\n<\/div>\n
\n
\n
a down tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
the reason why i did this was we came<\/div>\n<\/div>\n<\/div>\n
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\n
into<\/div>\n<\/div>\n<\/div>\n
\n
\n
two atr’s and we’re kind of failing here<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see we’re kind of here for maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
20 or so minutes and you know we’re not<\/div>\n<\/div>\n<\/div>\n
\n
\n
trending<\/div>\n<\/div>\n<\/div>\n
\n
\n
as aggressively and we broke over 37<\/div>\n<\/div>\n<\/div>\n
\n
\n
got immediately pushed back down and it<\/div>\n<\/div>\n<\/div>\n
\n
\n
started to develop a range<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t want to micromanage but i do<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand the reasons to sell<\/div>\n<\/div>\n<\/div>\n
\n
\n
i sold about 15 of my position there<\/div>\n<\/div>\n<\/div>\n
\n
\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
that was a short-term change in tape so<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i did was i put a stop order<\/div>\n<\/div>\n<\/div>\n
\n
\n
for 15 of my position underneath that<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation there because i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
the timing<\/div>\n<\/div>\n<\/div>\n
\n
\n
was that all right i’m selling this<\/div>\n<\/div>\n<\/div>\n
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\n
because there<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a change and this may continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if it does and i’m consistently<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing a change<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to be taken off more and more and<\/div>\n<\/div>\n<\/div>\n
\n
\n
more but i also understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is a shorter time frame reason to<\/div>\n<\/div>\n<\/div>\n
\n
\n
sell right<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then we get the thrust back into<\/div>\n<\/div>\n<\/div>\n
\n
\n
38<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s where i begin to sell about<\/div>\n<\/div>\n<\/div>\n
\n
\n
70 80 of<\/div>\n<\/div>\n<\/div>\n
\n
\n
my position yeah so with my trade i you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know talked about getting that feel in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the beginning<\/div>\n<\/div>\n<\/div>\n
\n
\n
and trying to add in that 35 bit but you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can just see i got absolutely top ticked<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know because of that just have<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get out straight away my average is<\/div>\n<\/div>\n<\/div>\n
\n
\n
now<\/div>\n<\/div>\n<\/div>\n
\n
\n
not the best i just can’t afford to let<\/div>\n<\/div>\n<\/div>\n
\n
\n
this go against me when you get<\/div>\n<\/div>\n<\/div>\n
\n
\n
a really bad feel like that what do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
do<\/div>\n<\/div>\n<\/div>\n
\n
\n
well i would think you know if it ruins<\/div>\n<\/div>\n<\/div>\n
\n
\n
your average<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the best thing to do would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get out just get out right away<\/div>\n<\/div>\n<\/div>\n
\n
\n
and don’t think about whether or not<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
ruin your average price just get out<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s not the right price<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i think that’s what i did i mean i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think as soon as i realized i was out<\/div>\n<\/div>\n<\/div>\n
\n
\n
within two seconds and you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
thankfully<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was i managed to get on my average<\/div>\n<\/div>\n<\/div>\n
\n
\n
price but even if it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know even if i took a small loss of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i wouldn’t be two phased it’s just<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that happened and<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s not really much i can do about<\/div>\n<\/div>\n<\/div>\n
\n
\n
it um<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then yeah you know once we put in<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that wick that got bought up at you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know<\/div>\n<\/div>\n<\/div>\n
\n
\n
high 3460s as i mentioned before i kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of gauge that as now i have<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know properly defined risk and since<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m not like<\/div>\n<\/div>\n<\/div>\n
\n
\n
that comfortable yet in adding<\/div>\n<\/div>\n<\/div>\n
\n
\n
on pullbacks i much prefer to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority size straight away<\/div>\n<\/div>\n<\/div>\n
\n
\n
or most of my size and so that’s kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you know after that just took<\/div>\n<\/div>\n<\/div>\n
\n
\n
some risk off you know to put myself in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the driver’s seat<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know and then just kind of like<\/div>\n<\/div>\n<\/div>\n
\n
\n
setting out targets with trying to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority into those atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know targets like 37.5 to 38 and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of what i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then just left on a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
and took it off into 38 and a half<\/div>\n<\/div>\n<\/div>\n
\n
\n
just because you know that could have<\/div>\n<\/div>\n<\/div>\n
\n
\n
gone a while<\/div>\n<\/div>\n<\/div>\n
\n
\n
quite a bit more and then at this point<\/div>\n<\/div>\n<\/div>\n
\n
\n
though i’m not<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know considering the variables this<\/div>\n<\/div>\n<\/div>\n
\n
\n
could set up very easy very well for<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
but at this point i’m not looking at it<\/div>\n<\/div>\n<\/div>\n
\n
\n
like that i want to take this as an<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday trade looking for the trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then maybe later reevaluate the<\/div>\n<\/div>\n<\/div>\n
\n
\n
situation see if we maybe get like a<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bigger pullback maybe to the up or<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the 37s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe put on some size here for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing trade risking you know maybe a<\/div>\n<\/div>\n<\/div>\n
\n
\n
third or fourth<\/div>\n<\/div>\n<\/div>\n
\n
\n
of my realized profits so this is kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the realizations that<\/div>\n<\/div>\n<\/div>\n
\n
\n
we made during this trade and so one<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i mentioned<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting in is very important but it goes<\/div>\n<\/div>\n<\/div>\n
\n
\n
much deeper<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we mentioned participatory size and<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation size<\/div>\n<\/div>\n<\/div>\n
\n
\n
next is we were actually trading with a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader at the firm at this time and he<\/div>\n<\/div>\n<\/div>\n
\n
\n
brought this point up<\/div>\n<\/div>\n<\/div>\n
\n
\n
that finding spots to add with<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation on this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
is not easy and that’s why it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremely important that we could define<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the variables that we have in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
database of setups that we have for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
exact<\/div>\n<\/div>\n<\/div>\n
\n
\n
scenario and we can have that<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
already kind of wired in our brain so<\/div>\n<\/div>\n<\/div>\n
\n
\n
we can be a lot less reactive for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then the third idea is that the<\/div>\n<\/div>\n<\/div>\n
\n
\n
stats do not lie<\/div>\n<\/div>\n<\/div>\n
\n
\n
it is important for us to listen to them<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we were just kind of sick of<\/div>\n<\/div>\n<\/div>\n
\n
\n
going back to the end of the day and<\/div>\n<\/div>\n<\/div>\n
\n
\n
saying man i so<\/div>\n<\/div>\n<\/div>\n
\n
\n
too early or iso too soon or i held<\/div>\n<\/div>\n<\/div>\n
\n
\n
a 10 of size for the bigger move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know what we realized was we were<\/div>\n<\/div>\n<\/div>\n
\n
\n
saying that because like<\/div>\n<\/div>\n<\/div>\n
\n
\n
we didn’t know any better we were just<\/div>\n<\/div>\n<\/div>\n
\n
\n
reacting to the result<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the trade and so we wanted to<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually have a reason to say all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to be holding to this area<\/div>\n<\/div>\n<\/div>\n
\n
\n
because of<\/div>\n<\/div>\n<\/div>\n
\n
\n
x i have stats to prove this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is going to allow me to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
with confidence here and not go back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
those old habits<\/div>\n<\/div>\n<\/div>\n
\n
\n
these setups come maybe one to three<\/div>\n<\/div>\n<\/div>\n
\n
\n
times every earnings season<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we must we want to be as prepared as<\/div>\n<\/div>\n<\/div>\n
\n
\n
possible<\/div>\n<\/div>\n<\/div>\n
\n
\n
and really deepen this niche to execute<\/div>\n<\/div>\n<\/div>\n
\n
\n
and like bella<\/div>\n<\/div>\n<\/div>\n
\n
\n
mentioned you know these stats are<\/div>\n<\/div>\n<\/div>\n
\n
\n
surrounded by the reaction<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is really important but also i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think bella brought up a good point<\/div>\n<\/div>\n<\/div>\n
\n
\n
about<\/div>\n<\/div>\n<\/div>\n
\n
\n
the fundamental part for the earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i think we could definitely bring<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of that into these these as well a<\/div>\n<\/div>\n<\/div>\n
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really<\/div>\n<\/div>\n<\/div>\n
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comprehensive job really good<\/div>\n<\/div>\n<\/div>\n
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comprehensive job here really good job<\/div>\n<\/div>\n<\/div>\n
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here love the way you use stats<\/div>\n<\/div>\n<\/div>\n
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love to set up your end you’re trading a<\/div>\n<\/div>\n<\/div>\n
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strong stock<\/div>\n<\/div>\n<\/div>\n
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probably the strongest stock on the day<\/div>\n<\/div>\n<\/div>\n
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you’re getting in there<\/div>\n<\/div>\n<\/div>\n
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very well constructed trade excellent<\/div>\n<\/div>\n<\/div>\n
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excellent work here<\/div>\n<\/div>\n<\/div>\n
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very impressive work yeah really really<\/div>\n<\/div>\n<\/div>\n
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good work here guys hey go ahead and<\/div>\n<\/div>\n<\/div>\n
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click our subscribe button so you don’t<\/div>\n<\/div>\n<\/div>\n
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miss any of the videos they’re producing<\/div>\n<\/div>\n<\/div>\n
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for you and the trading community and<\/div>\n<\/div>\n<\/div>\n
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please<\/div>\n<\/div>\n<\/div>\n
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take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
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the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
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you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
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train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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English (auto-generated)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

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