{"id":50371,"date":"2020-12-15T13:48:46","date_gmt":"2020-12-15T18:48:46","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50371"},"modified":"2020-12-15T13:48:46","modified_gmt":"2020-12-15T18:48:46","slug":"how-to-use-a-stocks-positive-earnings-report-for-a-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-use-a-stocks-positive-earnings-report-for-a-trade","title":{"rendered":"How to Use a Stock’s Positive Earnings Report for a Trade"},"content":{"rendered":"

A stock reports positive earnings and you think you should buy it. But you are not sure how or where or if to enter. You wonder…. will this just be another one of your \u201cgood trading ideas\u201d turned into a losing trade. In this video, see how we spot a positive earnings report, but then more importantly turn it into a winning trade. Let\u2019s get to work on sharing these important trading lessons so you can grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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a stock reports positive earnings and<\/div>\n<\/div>\n<\/div>\n
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you think<\/div>\n<\/div>\n<\/div>\n
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you should buy it but you’re not sure<\/div>\n<\/div>\n<\/div>\n
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how or where or if to enter<\/div>\n<\/div>\n<\/div>\n
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you wonder will this just be another one<\/div>\n<\/div>\n<\/div>\n
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of your quote-unquote<\/div>\n<\/div>\n<\/div>\n
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good trading ideas turned into a losing<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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hi i’m mike bellfiore co-founder of smb<\/div>\n<\/div>\n<\/div>\n
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capital a proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
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located in midtown manhattan and i’m<\/div>\n<\/div>\n<\/div>\n
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also the author of the trading classic<\/div>\n<\/div>\n<\/div>\n
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one good trade<\/div>\n<\/div>\n<\/div>\n
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and the playbook in this video see how<\/div>\n<\/div>\n<\/div>\n
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we spot<\/div>\n<\/div>\n<\/div>\n
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a positive earnings report but then more<\/div>\n<\/div>\n<\/div>\n
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importantly<\/div>\n<\/div>\n<\/div>\n
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turn it into a winning trade let’s get<\/div>\n<\/div>\n<\/div>\n
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to work on sharing these important<\/div>\n<\/div>\n<\/div>\n
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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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this is an earnings day one opening<\/div>\n<\/div>\n<\/div>\n
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range breakout trade i made<\/div>\n<\/div>\n<\/div>\n
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in early november in square sq<\/div>\n<\/div>\n<\/div>\n
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so the trade criteria for this setup is<\/div>\n<\/div>\n<\/div>\n
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i want the stock to be gapping up at<\/div>\n<\/div>\n<\/div>\n
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least three percent<\/div>\n<\/div>\n<\/div>\n
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on great earnings and what i want to see<\/div>\n<\/div>\n<\/div>\n
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is a double b<\/div>\n<\/div>\n<\/div>\n
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on eps and revenue i want those earnings<\/div>\n<\/div>\n<\/div>\n
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to<\/div>\n<\/div>\n<\/div>\n
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also have aspect of a fundamental<\/div>\n<\/div>\n<\/div>\n
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surprise<\/div>\n<\/div>\n<\/div>\n
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where something the street did not<\/div>\n<\/div>\n<\/div>\n
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expect<\/div>\n<\/div>\n<\/div>\n
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with the results i want the stock to<\/div>\n<\/div>\n<\/div>\n
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consolidate in range right off the open<\/div>\n<\/div>\n<\/div>\n
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have a strong intraday level and for<\/div>\n<\/div>\n<\/div>\n
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this setup that’s the opening range high<\/div>\n<\/div>\n<\/div>\n
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and then the biggest aspect of this<\/div>\n<\/div>\n<\/div>\n
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trade is that the stock sells off<\/div>\n<\/div>\n<\/div>\n
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puts in a support level where you notice<\/div>\n<\/div>\n<\/div>\n
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on the tape it struggles to go<\/div>\n<\/div>\n<\/div>\n
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lower and buyers are strongly defending<\/div>\n<\/div>\n<\/div>\n
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it<\/div>\n<\/div>\n<\/div>\n
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and then to enter i’m going to have an<\/div>\n<\/div>\n<\/div>\n
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entry<\/div>\n<\/div>\n<\/div>\n
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after the stock breaks above the opening<\/div>\n<\/div>\n<\/div>\n
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range on increased volume<\/div>\n<\/div>\n<\/div>\n
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and then the entry is on the pullback<\/div>\n<\/div>\n<\/div>\n
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the first pullback after the breakout<\/div>\n<\/div>\n<\/div>\n
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and ideally you have the stock dip below<\/div>\n<\/div>\n<\/div>\n
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opening range and then on that rebid and<\/div>\n<\/div>\n<\/div>\n
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hold<\/div>\n<\/div>\n<\/div>\n
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you can enter and i want to take this<\/div>\n<\/div>\n<\/div>\n
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with 25<\/div>\n<\/div>\n<\/div>\n
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of my daily stop and then risking to<\/div>\n<\/div>\n<\/div>\n
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view up this is a big picture trade<\/div>\n<\/div>\n<\/div>\n
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so if you’re risking to the top of the<\/div>\n<\/div>\n<\/div>\n
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opening range you can get stopped out<\/div>\n<\/div>\n<\/div>\n
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very easily<\/div>\n<\/div>\n<\/div>\n
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and then the places to add would be<\/div>\n<\/div>\n<\/div>\n
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clear pullbacks on<\/div>\n<\/div>\n<\/div>\n
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lower volume and then my reasons to sell<\/div>\n<\/div>\n<\/div>\n
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this whole idea is using atr as a guide<\/div>\n<\/div>\n<\/div>\n
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for measured moves<\/div>\n<\/div>\n<\/div>\n
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i want to wait for my first sale after a<\/div>\n<\/div>\n<\/div>\n
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one<\/div>\n<\/div>\n<\/div>\n
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atr move from low a day and then take<\/div>\n<\/div>\n<\/div>\n
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profits at 25.25 atr increments from<\/div>\n<\/div>\n<\/div>\n
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there out<\/div>\n<\/div>\n<\/div>\n
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and then just the way i want to execute<\/div>\n<\/div>\n<\/div>\n
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is putting offers out<\/div>\n<\/div>\n<\/div>\n
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where i want to get the best prices<\/div>\n<\/div>\n<\/div>\n
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rather than be reactive<\/div>\n<\/div>\n<\/div>\n
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and um yeah and then reasons to get flat<\/div>\n<\/div>\n<\/div>\n
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uh to the upside would be a two atr move<\/div>\n<\/div>\n<\/div>\n
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uh a blow off top so we see capitulation<\/div>\n<\/div>\n<\/div>\n
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to the upside<\/div>\n<\/div>\n<\/div>\n
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uh with increased volume and then<\/div>\n<\/div>\n<\/div>\n
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on the downside if the stock holds below<\/div>\n<\/div>\n<\/div>\n
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the 21 ema for 10 minutes<\/div>\n<\/div>\n<\/div>\n
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uh and we’re looking at that on the five<\/div>\n<\/div>\n<\/div>\n
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minute chart so two candles i’ll be out<\/div>\n<\/div>\n<\/div>\n
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so just going into some big picture<\/div>\n<\/div>\n<\/div>\n
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context<\/div>\n<\/div>\n<\/div>\n
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this is uh right after the election so<\/div>\n<\/div>\n<\/div>\n
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we’re seeing extreme volatility in the<\/div>\n<\/div>\n<\/div>\n
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markets<\/div>\n<\/div>\n<\/div>\n
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there’s no new headlines from the<\/div>\n<\/div>\n<\/div>\n
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election and we’re still waiting on<\/div>\n<\/div>\n<\/div>\n
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those final results with counting<\/div>\n<\/div>\n<\/div>\n
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however the markets are rallying which<\/div>\n<\/div>\n<\/div>\n
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could be already pricing in the<\/div>\n<\/div>\n<\/div>\n
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biden presidency and then on the<\/div>\n<\/div>\n<\/div>\n
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cobin 19 aspect numbers are getting<\/div>\n<\/div>\n<\/div>\n
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increasingly bad<\/div>\n<\/div>\n<\/div>\n
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and we’re going into winter which could<\/div>\n<\/div>\n<\/div>\n
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be negative<\/div>\n<\/div>\n<\/div>\n
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so just looking at the big picture uh<\/div>\n<\/div>\n<\/div>\n
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we’re below the all-time high here<\/div>\n<\/div>\n<\/div>\n
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put in the lower high right around 350<\/div>\n<\/div>\n<\/div>\n
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and now post-election we’re seeing some<\/div>\n<\/div>\n<\/div>\n
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rallying and we’ll see that<\/div>\n<\/div>\n<\/div>\n
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also on some of the other charts so this<\/div>\n<\/div>\n<\/div>\n
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just shows it a little<\/div>\n<\/div>\n<\/div>\n
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uh clearer so this is the weakness going<\/div>\n<\/div>\n<\/div>\n
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into the election<\/div>\n<\/div>\n<\/div>\n
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and now post-election we’re seeing some<\/div>\n<\/div>\n<\/div>\n
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strength<\/div>\n<\/div>\n<\/div>\n
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and then just that on the five minute<\/div>\n<\/div>\n<\/div>\n
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and this was election night<\/div>\n<\/div>\n<\/div>\n
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and uh this 3 40 uh we found<\/div>\n<\/div>\n<\/div>\n
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buyers stepping in after the election i<\/div>\n<\/div>\n<\/div>\n
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don’t i don’t know if you had this<\/div>\n<\/div>\n<\/div>\n
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in your slide um but keeping track<\/div>\n<\/div>\n<\/div>\n
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of what volatility is trading at what<\/div>\n<\/div>\n<\/div>\n
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the vix futures are trading at i do not<\/div>\n<\/div>\n<\/div>\n
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have that in there<\/div>\n<\/div>\n<\/div>\n
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but that could be a good thing to add um<\/div>\n<\/div>\n<\/div>\n
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for this because it is kind of more<\/div>\n<\/div>\n<\/div>\n
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idiosyncratic with squares earnings but<\/div>\n<\/div>\n<\/div>\n
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it still would be an extra check in my<\/div>\n<\/div>\n<\/div>\n
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favor um<\/div>\n<\/div>\n<\/div>\n
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yeah so moving forward i could do that<\/div>\n<\/div>\n<\/div>\n
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and then uh<\/div>\n<\/div>\n<\/div>\n
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net revenue is up 140 for the earnings<\/div>\n<\/div>\n<\/div>\n
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and then this was the surprise factor<\/div>\n<\/div>\n<\/div>\n
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that i was talking about<\/div>\n<\/div>\n<\/div>\n
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their gross profit from their cash app<\/div>\n<\/div>\n<\/div>\n
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grew by more than 200 percent<\/div>\n<\/div>\n<\/div>\n
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and uh this is what cell side analysts<\/div>\n<\/div>\n<\/div>\n
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were very impressed with<\/div>\n<\/div>\n<\/div>\n
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and then that offset slower growth in<\/div>\n<\/div>\n<\/div>\n
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their<\/div>\n<\/div>\n<\/div>\n
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core business which was which is<\/div>\n<\/div>\n<\/div>\n
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in brick and mortar locations so that<\/div>\n<\/div>\n<\/div>\n
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was weaker because of the pandemic<\/div>\n<\/div>\n<\/div>\n
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and then also going into the day they<\/div>\n<\/div>\n<\/div>\n
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got upgrades from city<\/div>\n<\/div>\n<\/div>\n
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canaport needham mizuho and susquehanna<\/div>\n<\/div>\n<\/div>\n
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and then i’ll just touch on some of<\/div>\n<\/div>\n<\/div>\n
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their metrics so atr was 8.5<\/div>\n<\/div>\n<\/div>\n
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average daily volumes 9.88 million<\/div>\n<\/div>\n<\/div>\n
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institutional ownership 76.3<\/div>\n<\/div>\n<\/div>\n
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at the time of the trade arvol was seven<\/div>\n<\/div>\n<\/div>\n
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so that’s what i want to see at elevated<\/div>\n<\/div>\n<\/div>\n
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arvol<\/div>\n<\/div>\n<\/div>\n
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and then short flights roughly seven<\/div>\n<\/div>\n<\/div>\n
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percent<\/div>\n<\/div>\n<\/div>\n
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uh so this is the yearly chart for them<\/div>\n<\/div>\n<\/div>\n
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and we’re seeing a strong recovery<\/div>\n<\/div>\n<\/div>\n
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post march and at the time of the trade<\/div>\n<\/div>\n<\/div>\n
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we’re trading right below<\/div>\n<\/div>\n<\/div>\n
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the all-time high previous all-time high<\/div>\n<\/div>\n<\/div>\n
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at 190 350.<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three more<\/div>\n<\/div>\n<\/div>\n
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real-world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing now<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry<\/div>\n<\/div>\n<\/div>\n
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you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
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visit<\/div>\n<\/div>\n<\/div>\n
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tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
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free intensive workshop<\/div>\n<\/div>\n<\/div>\n
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you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education<\/div>\n<\/div>\n<\/div>\n
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and then on the hourly what’s very<\/div>\n<\/div>\n<\/div>\n
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bullish for me is<\/div>\n<\/div>\n<\/div>\n
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going into earnings we had this very<\/div>\n<\/div>\n<\/div>\n
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weak day<\/div>\n<\/div>\n<\/div>\n
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market was weak this day and this was<\/div>\n<\/div>\n<\/div>\n
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shown with the increased volume as well<\/div>\n<\/div>\n<\/div>\n
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and now we’re trading above that uh 170<\/div>\n<\/div>\n<\/div>\n
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level from pre-market going into<\/div>\n<\/div>\n<\/div>\n
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earnings<\/div>\n<\/div>\n<\/div>\n
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and then this is just the five-minute<\/div>\n<\/div>\n<\/div>\n
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chart uh so we can see the initial<\/div>\n<\/div>\n<\/div>\n
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reaction<\/div>\n<\/div>\n<\/div>\n
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and pre-market sold off a little and<\/div>\n<\/div>\n<\/div>\n
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then pre-market coming back up<\/div>\n<\/div>\n<\/div>\n
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so the supports i have is 180 182<\/div>\n<\/div>\n<\/div>\n
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184 and then resistance 188<\/div>\n<\/div>\n<\/div>\n
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190 192 and then that all-time high of<\/div>\n<\/div>\n<\/div>\n
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193.50<\/div>\n<\/div>\n<\/div>\n
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so this is just that initial reaction<\/div>\n<\/div>\n<\/div>\n
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shown again<\/div>\n<\/div>\n<\/div>\n
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very positive initial reaction<\/div>\n<\/div>\n<\/div>\n
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sold off a little bit and then buyers<\/div>\n<\/div>\n<\/div>\n
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are stepping back in in the free market<\/div>\n<\/div>\n<\/div>\n
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so some previous earnings this was the<\/div>\n<\/div>\n<\/div>\n
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one right before<\/div>\n<\/div>\n<\/div>\n
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on august 4th uh just a note they had a<\/div>\n<\/div>\n<\/div>\n
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double beat<\/div>\n<\/div>\n<\/div>\n
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and many people were expecting a decline<\/div>\n<\/div>\n<\/div>\n
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so it was a surprise we can see that by<\/div>\n<\/div>\n<\/div>\n
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the initial reaction being positive<\/div>\n<\/div>\n<\/div>\n
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it held the gap going into the open<\/div>\n<\/div>\n<\/div>\n
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but what is to note is that it failed at<\/div>\n<\/div>\n<\/div>\n
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um<\/div>\n<\/div>\n<\/div>\n
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right on the open field to hold above<\/div>\n<\/div>\n<\/div>\n
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158 and then<\/div>\n<\/div>\n<\/div>\n
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faded for the day and then i’ll show you<\/div>\n<\/div>\n<\/div>\n
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the earnings before<\/div>\n<\/div>\n<\/div>\n
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so this is a miss on ebs beat on revenue<\/div>\n<\/div>\n<\/div>\n
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negative initial reaction<\/div>\n<\/div>\n<\/div>\n
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however it did have buyers step in free<\/div>\n<\/div>\n<\/div>\n
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market<\/div>\n<\/div>\n<\/div>\n
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and we could see strong right off the<\/div>\n<\/div>\n<\/div>\n
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open and trended higher<\/div>\n<\/div>\n<\/div>\n
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so i use these just to get an idea of<\/div>\n<\/div>\n<\/div>\n
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how<\/div>\n<\/div>\n<\/div>\n
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people might react it’s not an end-all<\/div>\n<\/div>\n<\/div>\n
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deal<\/div>\n<\/div>\n<\/div>\n
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but with this you can see even negative<\/div>\n<\/div>\n<\/div>\n
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earnings it could<\/div>\n<\/div>\n<\/div>\n
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trend higher positive earnings it could<\/div>\n<\/div>\n<\/div>\n
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fade<\/div>\n<\/div>\n<\/div>\n
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so just keep an open mind a lot of that<\/div>\n<\/div>\n<\/div>\n
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as a best practice when you’re thinking<\/div>\n<\/div>\n<\/div>\n
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about trading<\/div>\n<\/div>\n<\/div>\n
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a stock after earnings to go take go<\/div>\n<\/div>\n<\/div>\n
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back and take a look at how they’ve done<\/div>\n<\/div>\n<\/div>\n
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recently after earnings<\/div>\n<\/div>\n<\/div>\n
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yeah i found it very helpful and then<\/div>\n<\/div>\n<\/div>\n
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you’ll also have some times<\/div>\n<\/div>\n<\/div>\n
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where it lines up perfectly their last<\/div>\n<\/div>\n<\/div>\n
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four earnings<\/div>\n<\/div>\n<\/div>\n
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very similar price action uh and that<\/div>\n<\/div>\n<\/div>\n
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could give you even more<\/div>\n<\/div>\n<\/div>\n
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bit of conviction so i just have the<\/div>\n<\/div>\n<\/div>\n
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tape on an entry<\/div>\n<\/div>\n<\/div>\n
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and then the first couple pullbacks and<\/div>\n<\/div>\n<\/div>\n
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we’re looking at<\/div>\n<\/div>\n<\/div>\n
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square on the top uh part of the montage<\/div>\n<\/div>\n<\/div>\n
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and we’re going to see it right now<\/div>\n<\/div>\n<\/div>\n
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above<\/div>\n<\/div>\n<\/div>\n
\n
\n
that opening range high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and above 186<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s what starts getting me<\/div>\n<\/div>\n<\/div>\n
\n
\n
interested is when we see this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can also see that it has<\/div>\n<\/div>\n<\/div>\n
\n
\n
increased volume on this breakout as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n
\n
\n
good i like how you’re looking to see if<\/div>\n<\/div>\n<\/div>\n
\n
\n
the volume increases<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i found that very helpful that<\/div>\n<\/div>\n<\/div>\n
\n
\n
should be one of the first questions you<\/div>\n<\/div>\n<\/div>\n
\n
\n
ask yourself all right breaks out<\/div>\n<\/div>\n<\/div>\n
\n
\n
making new highs what’s the volume like<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and then i uh have also a label in<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinkorswim that tells me so right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
the average was around sixty thousand<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s including some of pre-market so<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a little skewed<\/div>\n<\/div>\n<\/div>\n
\n
\n
but um the current bar is almost<\/div>\n<\/div>\n<\/div>\n
\n
\n
four hundred thousand uh so it just<\/div>\n<\/div>\n<\/div>\n
\n
\n
gives another idea that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we’re getting that first pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i’m talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i want to see how it reacts at 185<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
if we’re able to re-bid 185 on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m interested in getting along<\/div>\n<\/div>\n<\/div>\n
\n
\n
so just waiting for it<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming back into 185 60s<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right so now we dip below 185 i want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see how it reacts if it fails to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
below<\/div>\n<\/div>\n<\/div>\n
\n
\n
and re-bids i’m interested and that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
what we see right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i wait until we really see<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation that it holds above<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i get in uh more near the 50 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh one part of a review for me for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was<\/div>\n<\/div>\n<\/div>\n
\n
\n
after i see it hold 185 after re-bidding<\/div>\n<\/div>\n<\/div>\n
\n
\n
i could get in there<\/div>\n<\/div>\n<\/div>\n
\n
\n
just a little quicker but you’ll see my<\/div>\n<\/div>\n<\/div>\n
\n
\n
entry in a second i believe at 52 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
so yeah i’m long right there 185 52.<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you’re stopping after that v1<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so i’ve had trouble in the past if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you try to risk that<\/div>\n<\/div>\n<\/div>\n
\n
\n
top of the opening range uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s very often that you can get whipped<\/div>\n<\/div>\n<\/div>\n
\n
\n
out<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so just risk and view up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for this setup it should hold above<\/div>\n<\/div>\n<\/div>\n
\n
\n
the top of the range but it could<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade around it yeah i think the other<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade you’re right<\/div>\n<\/div>\n<\/div>\n
\n
\n
it gets below 185 rebids<\/div>\n<\/div>\n<\/div>\n
\n
\n
you and it starts to hold there i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
right away<\/div>\n<\/div>\n<\/div>\n
\n
\n
you think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
buying it against you know 180 450-ish<\/div>\n<\/div>\n<\/div>\n
\n
\n
because of the rebid because you really<\/div>\n<\/div>\n<\/div>\n
\n
\n
like the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
because it has really good earnings uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
because the opening drive<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and if you if you do that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so you have a choice there you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
make that into a trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can decide to dip your toes into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
water there<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh see if you see if you find a see it<\/div>\n<\/div>\n<\/div>\n
\n
\n
moment<\/div>\n<\/div>\n<\/div>\n
\n
\n
to really get big with 185 to really<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirm that it held 185<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if it does to save maybe 75<\/div>\n<\/div>\n<\/div>\n
\n
\n
of your risk for after you see it<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah it’s um very good idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
and with that yeah i could have been<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that is a good point and something<\/div>\n<\/div>\n<\/div>\n
\n
\n
to think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
so with the tape i’ll just show um a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit more of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
but right now what you want to see on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
is i want it to now show strength have a<\/div>\n<\/div>\n<\/div>\n
\n
\n
bounce<\/div>\n<\/div>\n<\/div>\n
\n
\n
away from this 185 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and get to a new high a day very fast<\/div>\n<\/div>\n<\/div>\n
\n
\n
and right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
um still get in the trade just have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be patient and let it<\/div>\n<\/div>\n<\/div>\n
\n
\n
work<\/div>\n<\/div>\n<\/div>\n
\n
\n
and once it’s through 186 we’re going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see some real buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we’re above<\/div>\n<\/div>\n<\/div>\n
\n
\n
186 50s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and in a second you’ll see where i took<\/div>\n<\/div>\n<\/div>\n
\n
\n
off a fifth<\/div>\n<\/div>\n<\/div>\n
\n
\n
um when we broke to a new high a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll talk about it more in my review<\/div>\n<\/div>\n<\/div>\n
\n
\n
slides<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh but this is something i want to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
on where i want this to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
where i wait for the big picture idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is one atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather than take profits this early and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this close to my entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i just took off a fifth there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is sugar and extreme strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
after the pullback as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
which i want to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now above 187<\/div>\n<\/div>\n<\/div>\n
\n
\n
188 is uh roughly pre-market high as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n
\n
\n
quickly to 187 50s<\/div>\n<\/div>\n<\/div>\n
\n
\n
go<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh yeah come on and then i’ll be taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
off another fifth<\/div>\n<\/div>\n<\/div>\n
\n
\n
um in a second as well approaching this<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market high<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is what i want in a trade 2. um<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ve been very successful when a trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
works right away from your entry um you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know it’s working<\/div>\n<\/div>\n<\/div>\n
\n
\n
and at that point you’re really in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
driver’s seat and just have to worry<\/div>\n<\/div>\n<\/div>\n
\n
\n
about your trade management<\/div>\n<\/div>\n<\/div>\n
\n
\n
and profit taking so through 188 this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
showing extreme strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
and at this point i’m looking to<\/div>\n<\/div>\n<\/div>\n
\n
\n
expect that it’s going to need a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
but yeah with my review at this point<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m out of 40<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the position before that 181 atr move<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i was talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so just something to think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
where if it is a big picture idea i have<\/div>\n<\/div>\n<\/div>\n
\n
\n
to treat it as that with my profit<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i’ll show this first pullback and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then i can kind of just show where i<\/div>\n<\/div>\n<\/div>\n
\n
\n
want<\/div>\n<\/div>\n<\/div>\n
\n
\n
so having a little trouble at 188<\/div>\n<\/div>\n<\/div>\n
\n
\n
nothing to really worry about with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
position though<\/div>\n<\/div>\n<\/div>\n
\n
\n
i could even try skipping ahead slightly<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah so we’re getting this pullback back<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 187<\/div>\n<\/div>\n<\/div>\n
\n
\n
186 60s so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
did not add here but once we have<\/div>\n<\/div>\n<\/div>\n
\n
\n
confirmation<\/div>\n<\/div>\n<\/div>\n
\n
\n
that this pullback hold is being held<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’ll see with them re-bidding this<\/div>\n<\/div>\n<\/div>\n
\n
\n
entire candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is a good spot to add and you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
then just risk the previous with low at<\/div>\n<\/div>\n<\/div>\n
\n
\n
185<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is also the top of the range<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we saw it with a bid so once it<\/div>\n<\/div>\n<\/div>\n
\n
\n
starts rebidding<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and gets above uh the initial<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
high i think that’s a spot to add i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
not do that but<\/div>\n<\/div>\n<\/div>\n
\n
\n
just something overview and look at<\/div>\n<\/div>\n<\/div>\n
\n
\n
now i could just kind of skip ahead<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh to my exit so we get another pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
still strong though<\/div>\n<\/div>\n<\/div>\n
\n
\n
so yeah at this point i’m in only<\/div>\n<\/div>\n<\/div>\n
\n
\n
twenty percent of my position and this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is still before that one atr target uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you’ve got<\/div>\n<\/div>\n<\/div>\n
\n
\n
something to review and work on next<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right so here’s my exit 192 is<\/div>\n<\/div>\n<\/div>\n
\n
\n
roughly<\/div>\n<\/div>\n<\/div>\n
\n
\n
the one atr from low a day and you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see on the right chart i have that<\/div>\n<\/div>\n<\/div>\n
\n
\n
marked in thinkorswim<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh for just like automatically<\/div>\n<\/div>\n<\/div>\n
\n
\n
calculates it<\/div>\n<\/div>\n<\/div>\n
\n
\n
so once we hit that profit target i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
out of my full position<\/div>\n<\/div>\n<\/div>\n
\n
\n
when in reality i should have had that<\/div>\n<\/div>\n<\/div>\n
\n
\n
be my first target<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh because the stock ends up going 193<\/div>\n<\/div>\n<\/div>\n
\n
\n
and even farther but yeah that’s some<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i could go to the trade management<\/div>\n<\/div>\n<\/div>\n
\n
\n
so yeah just to kind of reiterate it<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of talked about it there but<\/div>\n<\/div>\n<\/div>\n
\n
\n
on that first pullback when it rebids<\/div>\n<\/div>\n<\/div>\n
\n
\n
185 that’s my entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
25 of my daily stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i don’t want to sell at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
0.5 etr from low a day so that’s what i<\/div>\n<\/div>\n<\/div>\n
\n
\n
did<\/div>\n<\/div>\n<\/div>\n
\n
\n
on that break to new high but in reality<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a big idea big picture idea and i have<\/div>\n<\/div>\n<\/div>\n
\n
\n
to wait so i say<\/div>\n<\/div>\n<\/div>\n
\n
\n
sell to 10 percent of the position going<\/div>\n<\/div>\n<\/div>\n
\n
\n
into 190. so you’re using atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
as your exit yeah you’re using the<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicator atr average to range as your<\/div>\n<\/div>\n<\/div>\n
\n
\n
indicator to help you exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
yes and the average true range<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what what’s the average to range in<\/div>\n<\/div>\n<\/div>\n
\n
\n
square<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what i have right here is from the<\/div>\n<\/div>\n<\/div>\n
\n
\n
past 30 days<\/div>\n<\/div>\n<\/div>\n
\n
\n
so from the past 30 days is what i use<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s 10.5<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the time of the trade what is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
average to range<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the day of earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh that i did not calculate<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think you know where i’m going um yes<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i mean you’re trading something on<\/div>\n<\/div>\n<\/div>\n
\n
\n
earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
well perhaps the more like<\/div>\n<\/div>\n<\/div>\n
\n
\n
comparison is atr on earnings uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that’s good um<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i’m just curious why<\/div>\n<\/div>\n<\/div>\n
\n
\n
why do you come up why are using atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
what is making sense to you and your in<\/div>\n<\/div>\n<\/div>\n
\n
\n
your trading brain<\/div>\n<\/div>\n<\/div>\n
\n
\n
to use atr for this trade to use one atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what i’ve found with my uh trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for this one too i’ll show with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade management that i want it<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to be able to hold for more than<\/div>\n<\/div>\n<\/div>\n
\n
\n
one atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
but with atr just that’s a way for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh to make sure i’m in the trade and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then you can also go back and get<\/div>\n<\/div>\n<\/div>\n
\n
\n
stats um which like you mentioned would<\/div>\n<\/div>\n<\/div>\n
\n
\n
be good to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
right next to you when you’re trading it<\/div>\n<\/div>\n<\/div>\n
\n
\n
from previous earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can look at similar companies and<\/div>\n<\/div>\n<\/div>\n
\n
\n
how they reacted and then you can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
that measured atr move<\/div>\n<\/div>\n<\/div>\n
\n
\n
from each and then that could give you a<\/div>\n<\/div>\n<\/div>\n
\n
\n
better idea so i kind of just like it<\/div>\n<\/div>\n<\/div>\n
\n
\n
because you can like get the stats<\/div>\n<\/div>\n<\/div>\n
\n
\n
have the stats with you and really get<\/div>\n<\/div>\n<\/div>\n
\n
\n
an expected move from it<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather than other ways to take profit<\/div>\n<\/div>\n<\/div>\n
\n
\n
would be<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing strength on the tape or<\/div>\n<\/div>\n<\/div>\n
\n
\n
having it break out of like a<\/div>\n<\/div>\n<\/div>\n
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consolidation here<\/div>\n<\/div>\n<\/div>\n
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but what i’ve noticed with that is when<\/div>\n<\/div>\n<\/div>\n
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that happens<\/div>\n<\/div>\n<\/div>\n
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or if like i’m just looking for seeing<\/div>\n<\/div>\n<\/div>\n
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strength on the tape<\/div>\n<\/div>\n<\/div>\n
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we’ll have the stock get to this like<\/div>\n<\/div>\n<\/div>\n
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190 level here<\/div>\n<\/div>\n<\/div>\n
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and it’s looking very strong coming from<\/div>\n<\/div>\n<\/div>\n
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183 low a day<\/div>\n<\/div>\n<\/div>\n
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um really no pullbacks and it could<\/div>\n<\/div>\n<\/div>\n
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spook me out of the position so this is<\/div>\n<\/div>\n<\/div>\n
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just a way for me to stay in<\/div>\n<\/div>\n<\/div>\n
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for the bigger move i would say yeah so<\/div>\n<\/div>\n<\/div>\n
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let me just think about that think about<\/div>\n<\/div>\n<\/div>\n
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that through logically so you’ve got new<\/div>\n<\/div>\n<\/div>\n
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news in the stock you’ve got a new news<\/div>\n<\/div>\n<\/div>\n
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catalyst in the stock<\/div>\n<\/div>\n<\/div>\n
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that’s information that some of the pms<\/div>\n<\/div>\n<\/div>\n
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didn’t have yesterday<\/div>\n<\/div>\n<\/div>\n
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now they have happen today how are they<\/div>\n<\/div>\n<\/div>\n
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going to react<\/div>\n<\/div>\n<\/div>\n
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after they have that news does it make<\/div>\n<\/div>\n<\/div>\n
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sense to use<\/div>\n<\/div>\n<\/div>\n
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the atr on all the other days when they<\/div>\n<\/div>\n<\/div>\n
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didn’t have new news coming into the<\/div>\n<\/div>\n<\/div>\n
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stock<\/div>\n<\/div>\n<\/div>\n
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um i also<\/div>\n<\/div>\n<\/div>\n
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you know i i just suspect that<\/div>\n<\/div>\n<\/div>\n
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on on the day of earnings<\/div>\n<\/div>\n<\/div>\n
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i’ve never studied this but you know<\/div>\n<\/div>\n<\/div>\n
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what is the<\/div>\n<\/div>\n<\/div>\n
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you know what is the difference in atr<\/div>\n<\/div>\n<\/div>\n
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on the day of earnings not even just for<\/div>\n<\/div>\n<\/div>\n
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this particular name but for<\/div>\n<\/div>\n<\/div>\n
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for names overall oftentimes we see and<\/div>\n<\/div>\n<\/div>\n
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then i would ask<\/div>\n<\/div>\n<\/div>\n
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i would ask you to think about<\/div>\n<\/div>\n<\/div>\n
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relative volume as as you<\/div>\n<\/div>\n<\/div>\n
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using a judgment for how much atr’s a<\/div>\n<\/div>\n<\/div>\n
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stock can go<\/div>\n<\/div>\n<\/div>\n
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so the higher the relative volume<\/div>\n<\/div>\n<\/div>\n
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potentially the higher the atr’s it can<\/div>\n<\/div>\n<\/div>\n
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go<\/div>\n<\/div>\n<\/div>\n
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yeah that’s very interesting to think<\/div>\n<\/div>\n<\/div>\n
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about i’ll definitely uh<\/div>\n<\/div>\n<\/div>\n
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do some work on that too because i think<\/div>\n<\/div>\n<\/div>\n
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that could be super helpful<\/div>\n<\/div>\n<\/div>\n
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\n
and look at something the other guys use<\/div>\n<\/div>\n<\/div>\n
\n
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they use the simple moving average<\/div>\n<\/div>\n<\/div>\n
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\n
i think matt uses this a lot the nine<\/div>\n<\/div>\n<\/div>\n
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\n
ema<\/div>\n<\/div>\n<\/div>\n
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\n
as long as that’s sloping up as long as<\/div>\n<\/div>\n<\/div>\n
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\n
that trend is isn’t is intact you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe you stay with the stock that’s<\/div>\n<\/div>\n<\/div>\n
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working<\/div>\n<\/div>\n<\/div>\n
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\n
i i do agree with you that the first<\/div>\n<\/div>\n<\/div>\n
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trade decision<\/div>\n<\/div>\n<\/div>\n
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maybe one atr just to take some profits<\/div>\n<\/div>\n<\/div>\n
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but<\/div>\n<\/div>\n<\/div>\n
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yeah uh i does feel like you got<\/div>\n<\/div>\n<\/div>\n
\n
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yourself in a good position and if<\/div>\n<\/div>\n<\/div>\n
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you’re giving it a run<\/div>\n<\/div>\n<\/div>\n
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you want to think about<\/div>\n<\/div>\n<\/div>\n
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exactly how to do that but look maybe<\/div>\n<\/div>\n<\/div>\n
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you measure this this trade and<\/div>\n<\/div>\n<\/div>\n
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one atr works out great for you and if<\/div>\n<\/div>\n<\/div>\n
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\n
that’s the case you just get bigger at<\/div>\n<\/div>\n<\/div>\n
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\n
the bottom<\/div>\n<\/div>\n<\/div>\n
\n
\n
but uh you probably want to hold at<\/div>\n<\/div>\n<\/div>\n
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least a third<\/div>\n<\/div>\n<\/div>\n
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\n
to a little bit more of a of an exit a<\/div>\n<\/div>\n<\/div>\n
\n
\n
better reason to sell<\/div>\n<\/div>\n<\/div>\n
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yeah definitely i completely agree and<\/div>\n<\/div>\n<\/div>\n
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what i did which i’ll share with my<\/div>\n<\/div>\n<\/div>\n
\n
\n
executions was that one atr profit<\/div>\n<\/div>\n<\/div>\n
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\n
target<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh but for this playbook the way i do<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to trade it would be<\/div>\n<\/div>\n<\/div>\n
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\n
holding for the bigger move which was<\/div>\n<\/div>\n<\/div>\n
\n
\n
two atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so yeah i’ll just quickly kind of go<\/div>\n<\/div>\n<\/div>\n
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through this<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so i want to sell 10 coming into 190<\/div>\n<\/div>\n<\/div>\n
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\n
uh this is just when the stock breaks<\/div>\n<\/div>\n<\/div>\n
\n
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that initial uptrend<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this could be a resistance level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we get this major pullback uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 180 like seven and<\/div>\n<\/div>\n<\/div>\n
\n
\n
here i want to try to enter uh add back<\/div>\n<\/div>\n<\/div>\n
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\n
20<\/div>\n<\/div>\n<\/div>\n
\n
\n
and from there just risk that 185.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so our first move into 192 that’s the<\/div>\n<\/div>\n<\/div>\n
\n
\n
one atr i was talking about and that’s<\/div>\n<\/div>\n<\/div>\n
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\n
where i want to sell a fourth<\/div>\n<\/div>\n<\/div>\n
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\n
only a fourth and still be able to have<\/div>\n<\/div>\n<\/div>\n
\n
\n
shares on<\/div>\n<\/div>\n<\/div>\n
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\n
we come into 196 which is<\/div>\n<\/div>\n<\/div>\n
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\n
1.5 atr from low a day i want to sell a<\/div>\n<\/div>\n<\/div>\n
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\n
fourth there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i have these levels um like<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s in a script and think or swim so it<\/div>\n<\/div>\n<\/div>\n
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\n
just populates itself which makes it<\/div>\n<\/div>\n<\/div>\n
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\n
also a little easier stress free for<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
so then just move into the five minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get a pull deck after that second<\/div>\n<\/div>\n<\/div>\n
\n
\n
sale that i had and i want to try to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
that fourth back on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the pullback cleanly holds after the<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is the 21 ema so that’s just a<\/div>\n<\/div>\n<\/div>\n
\n
\n
sign of momentum uh still trending<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher like you would mention<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you want to see and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
sell a fourth into 1.75 atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
which was 197.85<\/div>\n<\/div>\n<\/div>\n
\n
\n
sell a fourth into 200<\/div>\n<\/div>\n<\/div>\n
\n
\n
um on that push to 200 that’s my 2atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then when i would want to get flat<\/div>\n<\/div>\n<\/div>\n
\n
\n
we push above 200<\/div>\n<\/div>\n<\/div>\n
\n
\n
um breaking out above this resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see down here<\/div>\n<\/div>\n<\/div>\n
\n
\n
that volume increase so that’s that blow<\/div>\n<\/div>\n<\/div>\n
\n
\n
off top<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and at that point i would want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this kind of just reiterates it i was<\/div>\n<\/div>\n<\/div>\n
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\n
out at<\/div>\n<\/div>\n<\/div>\n
\n
\n
192 so that’s just something to work on<\/div>\n<\/div>\n<\/div>\n
\n
\n
and improve for next time<\/div>\n<\/div>\n<\/div>\n
\n
\n
so just some things that i want to think<\/div>\n<\/div>\n<\/div>\n
\n
\n
about i want to be more systematic<\/div>\n<\/div>\n<\/div>\n
\n
\n
so with atr that’s kind of a way for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
to do that<\/div>\n<\/div>\n<\/div>\n
\n
\n
where just be specific be systematic and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then if it’s a big idea trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh i have to let it be that trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and not get caught looking at every tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
and watching the level two and getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
out too early and then on a similar note<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh this is big picture so i have to risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
where i’m wrong in the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m instead in not doing this but<\/div>\n<\/div>\n<\/div>\n
\n
\n
what would hurt is if you place a stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you try to get a certain amount of<\/div>\n<\/div>\n<\/div>\n
\n
\n
size<\/div>\n<\/div>\n<\/div>\n
\n
\n
um like if i risk two 185<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then if i do that it’s just<\/div>\n<\/div>\n<\/div>\n
\n
\n
extremely dangerous<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then lastly uh it’s okay not to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
to the position<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wanna only add if it’s very clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m able to have a clear spot where<\/div>\n<\/div>\n<\/div>\n
\n
\n
that addition is wrong so<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i force ads it causes me to get out<\/div>\n<\/div>\n<\/div>\n
\n
\n
of trades too early when they’re not<\/div>\n<\/div>\n<\/div>\n
\n
\n
the right ads and i’m not patient with<\/div>\n<\/div>\n<\/div>\n
\n
\n
them<\/div>\n<\/div>\n<\/div>\n
\n
\n
so a couple other ideas so with earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can have<\/div>\n<\/div>\n<\/div>\n
\n
\n
um a lot of conviction for certain<\/div>\n<\/div>\n<\/div>\n
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\n
trades by just remembering<\/div>\n<\/div>\n<\/div>\n
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\n
how similar stocks traded and that<\/div>\n<\/div>\n<\/div>\n
\n
\n
pattern recognition<\/div>\n<\/div>\n<\/div>\n
\n
\n
so the day before square we had q comm<\/div>\n<\/div>\n<\/div>\n
\n
\n
earnings which i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you were trading as well and i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
matt was as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s not the identical setup but<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a very similar setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can see how that reacted where we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had that sell-off<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation above low a day and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
it broke out to a new high day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and all the way to 148.50<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this was just the importance of<\/div>\n<\/div>\n<\/div>\n
\n
\n
having screen time and<\/div>\n<\/div>\n<\/div>\n
\n
\n
remembering these similar patterns with<\/div>\n<\/div>\n<\/div>\n
\n
\n
earnings please specifically<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then another way to improve is just<\/div>\n<\/div>\n<\/div>\n
\n
\n
past trades so this was a previous trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
from<\/div>\n<\/div>\n<\/div>\n
\n
\n
not this earnings but the one prior and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can just see<\/div>\n<\/div>\n<\/div>\n
\n
\n
i did not hold for the entire move and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that led to some panic covering or panic<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling i mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so my review for this trade was<\/div>\n<\/div>\n<\/div>\n
\n
\n
becoming more systematic holding for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
bigger move<\/div>\n<\/div>\n<\/div>\n
\n
\n
so although i did not do that perfectly<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook that i’m presenting it was an<\/div>\n<\/div>\n<\/div>\n
\n
\n
improvement from this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade uh so just working to continue<\/div>\n<\/div>\n<\/div>\n
\n
\n
that process<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then lastly just mentioning that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there are variations<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh so you can also have it where this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was the entire<\/div>\n<\/div>\n<\/div>\n
\n
\n
ev sector this day so neo expev<\/div>\n<\/div>\n<\/div>\n
\n
\n
li but you can have a strong opening<\/div>\n<\/div>\n<\/div>\n
\n
\n
drive that completely reverses<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it starts ranging on the open and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you get the breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
pullback and it could trend for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
entire day uh so just important to<\/div>\n<\/div>\n<\/div>\n
\n
\n
remember<\/div>\n<\/div>\n<\/div>\n
\n
\n
um it could come in different forms but<\/div>\n<\/div>\n<\/div>\n
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\n
the idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
the strategy variables are very similar<\/div>\n<\/div>\n<\/div>\n
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hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
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time to add your feedback<\/div>\n<\/div>\n<\/div>\n
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* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

A stock reports positive earnings and you think you should buy it. But you are not sure how or where or if to enter. You wonder…. will this just be another one of your \u201cgood trading ideas\u201d turned into a losing trade. In this video, see how we spot a positive earnings report, but then more importantly turn it into … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":50373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50371","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHow to Use a Stock's Positive Earnings Report for a Trade | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-to-use-a-stocks-positive-earnings-report-for-a-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Use a Stock's Positive Earnings Report for a Trade | SMB Training\" \/>\n<meta property=\"og:description\" content=\"A stock reports positive earnings and you think you should buy it. But you are not sure how or where or if to enter. You wonder…. will this just be another one of your \u201cgood trading ideas\u201d turned into a losing trade. In this video, see how we spot a positive earnings report, but then more importantly turn it into ... 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