{"id":50435,"date":"2021-01-08T11:14:18","date_gmt":"2021-01-08T16:14:18","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50435"},"modified":"2021-01-08T11:14:18","modified_gmt":"2021-01-08T16:14:18","slug":"trade-review-with-a-year-3-proprietary-trader","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trade-review-with-a-year-3-proprietary-trader","title":{"rendered":"Trade Review With A Year-3 Proprietary Trader"},"content":{"rendered":"

In this video SMB Trader, Ryan, details a trade he made on the second day following the Airbnb IPO. This trade was his best trade ever! Ryan breaks down how he traded the IPO and answers questions from the trading community during the YouTube Premiere.<\/p>\nView Video Transcript<\/strong><\/span>

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good afternoon this is ryan trost with<\/div>\n<\/div>\n<\/div>\n
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smb capital today i’m going to be<\/div>\n<\/div>\n<\/div>\n
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talking to you about a trade i made in<\/div>\n<\/div>\n<\/div>\n
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airbnb<\/div>\n<\/div>\n<\/div>\n
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the second day after its ipo it was a<\/div>\n<\/div>\n<\/div>\n
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technical trade that i made off<\/div>\n<\/div>\n<\/div>\n
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baseball some tape uh it ended up being<\/div>\n<\/div>\n<\/div>\n
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my best straight in my career<\/div>\n<\/div>\n<\/div>\n
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and i’m really looking forward to<\/div>\n<\/div>\n<\/div>\n
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sharing the trade with you guys<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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i mentioned this trade to you guys i<\/div>\n<\/div>\n<\/div>\n
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think a couple times i’ve kind of<\/div>\n<\/div>\n<\/div>\n
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alluded to it and we may have even<\/div>\n<\/div>\n<\/div>\n
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gone over it a little bit in the 11am<\/div>\n<\/div>\n<\/div>\n
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meetings but um<\/div>\n<\/div>\n<\/div>\n
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it was a key technical trade that i made<\/div>\n<\/div>\n<\/div>\n
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the second day in airbnb<\/div>\n<\/div>\n<\/div>\n
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and it’s a tape play that has become<\/div>\n<\/div>\n<\/div>\n
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a little bit of a recurring theme in a<\/div>\n<\/div>\n<\/div>\n
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lot of these ipos on the first couple<\/div>\n<\/div>\n<\/div>\n
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days<\/div>\n<\/div>\n<\/div>\n
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and it’s offered me the ability to<\/div>\n<\/div>\n<\/div>\n
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recognize that that is repeating and<\/div>\n<\/div>\n<\/div>\n
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i’ve made a couple really nice trades<\/div>\n<\/div>\n<\/div>\n
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probably over the past like year and a<\/div>\n<\/div>\n<\/div>\n
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half<\/div>\n<\/div>\n<\/div>\n
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purely based off of these really really<\/div>\n<\/div>\n<\/div>\n
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tight technical levels that develop in<\/div>\n<\/div>\n<\/div>\n
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real time<\/div>\n<\/div>\n<\/div>\n
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so the whole idea is you know airbnb<\/div>\n<\/div>\n<\/div>\n
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fresh ipo<\/div>\n<\/div>\n<\/div>\n
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it was very hyped up one of the most<\/div>\n<\/div>\n<\/div>\n
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anticipating offerings of the year<\/div>\n<\/div>\n<\/div>\n
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um probably the most anticipated<\/div>\n<\/div>\n<\/div>\n
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you know i remember beyond me being very<\/div>\n<\/div>\n<\/div>\n
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anticipated but<\/div>\n<\/div>\n<\/div>\n
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i haven’t seen one this anticipated<\/div>\n<\/div>\n<\/div>\n
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possibly in my career<\/div>\n<\/div>\n<\/div>\n
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um airbnb states they operate operate a<\/div>\n<\/div>\n<\/div>\n
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global marketplace<\/div>\n<\/div>\n<\/div>\n
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you know you all know the deal you rent<\/div>\n<\/div>\n<\/div>\n
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out places to stay at<\/div>\n<\/div>\n<\/div>\n
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um the open for the trade was definitely<\/div>\n<\/div>\n<\/div>\n
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extremely volatile and the opening price<\/div>\n<\/div>\n<\/div>\n
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settled i think doubled<\/div>\n<\/div>\n<\/div>\n
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the offering price offering size was<\/div>\n<\/div>\n<\/div>\n
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three and a half billion<\/div>\n<\/div>\n<\/div>\n
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fifty one point three million shares um<\/div>\n<\/div>\n<\/div>\n
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the range was 56 to 60 bucks<\/div>\n<\/div>\n<\/div>\n
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and obviously it opened at 146 so it was<\/div>\n<\/div>\n<\/div>\n
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already way over a lot of people<\/div>\n<\/div>\n<\/div>\n
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thinking about buying the opening print<\/div>\n<\/div>\n<\/div>\n
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for the opening pop<\/div>\n<\/div>\n<\/div>\n
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there’s a couple different ways to play<\/div>\n<\/div>\n<\/div>\n
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the open but this trade is specifically<\/div>\n<\/div>\n<\/div>\n
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talking about the day two after those<\/div>\n<\/div>\n<\/div>\n
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technical levels from day one were<\/div>\n<\/div>\n<\/div>\n
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developed<\/div>\n<\/div>\n<\/div>\n
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i’m sure we’ll do some on some type of<\/div>\n<\/div>\n<\/div>\n
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day one ipo<\/div>\n<\/div>\n<\/div>\n
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uh video in the future the keys that<\/div>\n<\/div>\n<\/div>\n
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kind of develop<\/div>\n<\/div>\n<\/div>\n
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the levels from day one that i used on<\/div>\n<\/div>\n<\/div>\n
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day two um<\/div>\n<\/div>\n<\/div>\n
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kind of have to do with the technical<\/div>\n<\/div>\n<\/div>\n
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behaviors of an ipo and that’s kind of<\/div>\n<\/div>\n<\/div>\n
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what i was alluding to<\/div>\n<\/div>\n<\/div>\n
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at the beginning due to the complete<\/div>\n<\/div>\n<\/div>\n
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lack of price memory<\/div>\n<\/div>\n<\/div>\n
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you know obviously these stocks are just<\/div>\n<\/div>\n<\/div>\n
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starting to trade<\/div>\n<\/div>\n<\/div>\n
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you can see key levels develop off the<\/div>\n<\/div>\n<\/div>\n
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open and those levels tend to become<\/div>\n<\/div>\n<\/div>\n
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extremely important<\/div>\n<\/div>\n<\/div>\n
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like way more important than you know<\/div>\n<\/div>\n<\/div>\n
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two day v wep in a stock that’s trading<\/div>\n<\/div>\n<\/div>\n
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all the time like a high beta<\/div>\n<\/div>\n<\/div>\n
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or you know a major swing breakdown or<\/div>\n<\/div>\n<\/div>\n
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breakout or<\/div>\n<\/div>\n<\/div>\n
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even anything like that which you would<\/div>\n<\/div>\n<\/div>\n
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look to kind of capitalize on in a<\/div>\n<\/div>\n<\/div>\n
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normal stock in an ipo they become even<\/div>\n<\/div>\n<\/div>\n
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more so<\/div>\n<\/div>\n<\/div>\n
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important things like the opening print<\/div>\n<\/div>\n<\/div>\n
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the opening range high or low<\/div>\n<\/div>\n<\/div>\n
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key psychological levels you know<\/div>\n<\/div>\n<\/div>\n
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depending on the price of the stock<\/div>\n<\/div>\n<\/div>\n
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whole numbers especially those divisible<\/div>\n<\/div>\n<\/div>\n
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by 5 10 or 100<\/div>\n<\/div>\n<\/div>\n
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and then finally levels that develop on<\/div>\n<\/div>\n<\/div>\n
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the tape in real time when you see<\/div>\n<\/div>\n<\/div>\n
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really big bids of really big offers<\/div>\n<\/div>\n<\/div>\n
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getting stacked it’s more than likely<\/div>\n<\/div>\n<\/div>\n
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institutional money getting put to work<\/div>\n<\/div>\n<\/div>\n
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in a stock that’s just starting to trade<\/div>\n<\/div>\n<\/div>\n
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fresh<\/div>\n<\/div>\n<\/div>\n
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also feel free to chime in if you guys<\/div>\n<\/div>\n<\/div>\n
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have any questions<\/div>\n<\/div>\n<\/div>\n
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during the presentation just kind of<\/div>\n<\/div>\n<\/div>\n
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start talking and<\/div>\n<\/div>\n<\/div>\n
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you know i’ll answer whatever you have<\/div>\n<\/div>\n<\/div>\n
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for me<\/div>\n<\/div>\n<\/div>\n
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so there’s a few things i was thinking<\/div>\n<\/div>\n<\/div>\n
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about you know and how to classify this<\/div>\n<\/div>\n<\/div>\n
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trade from philosophical standpoint like<\/div>\n<\/div>\n<\/div>\n
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when you’re really looking at trying to<\/div>\n<\/div>\n<\/div>\n
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evaluate okay<\/div>\n<\/div>\n<\/div>\n
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in a stepwise fashion what did i do here<\/div>\n<\/div>\n<\/div>\n
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that really got me to produce a result<\/div>\n<\/div>\n<\/div>\n
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that i hadn’t seen personally<\/div>\n<\/div>\n<\/div>\n
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and what it really came down to for me<\/div>\n<\/div>\n<\/div>\n
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was kind of three steps<\/div>\n<\/div>\n<\/div>\n
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identifying something that was happening<\/div>\n<\/div>\n<\/div>\n
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in real time<\/div>\n<\/div>\n<\/div>\n
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watching the tape noticing big blocks of<\/div>\n<\/div>\n<\/div>\n
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buyers and sellers<\/div>\n<\/div>\n<\/div>\n
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behaviors that i could recognize being<\/div>\n<\/div>\n<\/div>\n
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oh hey that’s interesting do i think<\/div>\n<\/div>\n<\/div>\n
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that there might potentially be a<\/div>\n<\/div>\n<\/div>\n
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serious player doing something at that<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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um you know we’re sticking to a price we<\/div>\n<\/div>\n<\/div>\n
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kind of maybe will blow through a level<\/div>\n<\/div>\n<\/div>\n
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and then instantly reoffer back down or<\/div>\n<\/div>\n<\/div>\n
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buyers will just continue to pop us off<\/div>\n<\/div>\n<\/div>\n
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of you know kind of a<\/div>\n<\/div>\n<\/div>\n
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what might instantly feel like a random<\/div>\n<\/div>\n<\/div>\n
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price but turns out to be a very<\/div>\n<\/div>\n<\/div>\n
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important inflection level in the future<\/div>\n<\/div>\n<\/div>\n
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and then once you make those<\/div>\n<\/div>\n<\/div>\n
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identifications moving on to<\/div>\n<\/div>\n<\/div>\n
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okay now i have to anticipate what is<\/div>\n<\/div>\n<\/div>\n
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going to happen the next time those<\/div>\n<\/div>\n<\/div>\n
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levels<\/div>\n<\/div>\n<\/div>\n
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get touched do i think that i could<\/div>\n<\/div>\n<\/div>\n
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potentially front run<\/div>\n<\/div>\n<\/div>\n
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do i need to set alerts to see whether<\/div>\n<\/div>\n<\/div>\n
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or not okay maybe there’s<\/div>\n<\/div>\n<\/div>\n
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some other stuff i’m doing and my focus<\/div>\n<\/div>\n<\/div>\n
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isn’t totally here yet<\/div>\n<\/div>\n<\/div>\n
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but if my alerts get triggered and those<\/div>\n<\/div>\n<\/div>\n
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are the really important prices for me i<\/div>\n<\/div>\n<\/div>\n
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need to be quick to you know bounce<\/div>\n<\/div>\n<\/div>\n
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right back into those and<\/div>\n<\/div>\n<\/div>\n
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really start to attack the stock and<\/div>\n<\/div>\n<\/div>\n
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that leads us into the third step which<\/div>\n<\/div>\n<\/div>\n
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is you know react<\/div>\n<\/div>\n<\/div>\n
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see those support and resistance levels<\/div>\n<\/div>\n<\/div>\n
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on the first test<\/div>\n<\/div>\n<\/div>\n
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be ready to hit into the market if it’s<\/div>\n<\/div>\n<\/div>\n
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second tesla level be ready to scale<\/div>\n<\/div>\n<\/div>\n
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at correct areas you know focus on risk<\/div>\n<\/div>\n<\/div>\n
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reward and kind of<\/div>\n<\/div>\n<\/div>\n
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do the trade from there if you want to<\/div>\n<\/div>\n<\/div>\n
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learn three real world setups<\/div>\n<\/div>\n<\/div>\n
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that our traders use including the<\/div>\n<\/div>\n<\/div>\n
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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 figure big<\/div>\n<\/div>\n<\/div>\n
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money earner check out the free webinar<\/div>\n<\/div>\n<\/div>\n
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that we’re currently running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing right now at the top<\/div>\n<\/div>\n<\/div>\n
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right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re going to learn more<\/div>\n<\/div>\n<\/div>\n
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in a couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop than from<\/div>\n<\/div>\n<\/div>\n
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years of online education i mentioned<\/div>\n<\/div>\n<\/div>\n
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this a little bit but large institutions<\/div>\n<\/div>\n<\/div>\n
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early on in ipos they tend to place<\/div>\n<\/div>\n<\/div>\n
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black orders at areas where<\/div>\n<\/div>\n<\/div>\n
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there’s more likely going to be<\/div>\n<\/div>\n<\/div>\n
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increased liquidity oftentimes this will<\/div>\n<\/div>\n<\/div>\n
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be at<\/div>\n<\/div>\n<\/div>\n
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25 increments you know we’ll go up a<\/div>\n<\/div>\n<\/div>\n
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dollar and<\/div>\n<\/div>\n<\/div>\n
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they’ll hold it they’ll break a new high<\/div>\n<\/div>\n<\/div>\n
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they’ll hold it at like 50 cents<\/div>\n<\/div>\n<\/div>\n
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on the tape or 75 cents or even the next<\/div>\n<\/div>\n<\/div>\n
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whole number<\/div>\n<\/div>\n<\/div>\n
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it’s rare usually that that price holds<\/div>\n<\/div>\n<\/div>\n
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exactly to the tick<\/div>\n<\/div>\n<\/div>\n
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often you see like a little bit of<\/div>\n<\/div>\n<\/div>\n
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slippage and then a re-offer<\/div>\n<\/div>\n<\/div>\n
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or just general stickiness to that area<\/div>\n<\/div>\n<\/div>\n
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but it can happen that those levels hold<\/div>\n<\/div>\n<\/div>\n
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even to the penny and if you’re reactive<\/div>\n<\/div>\n<\/div>\n
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enough obviously that risk reward<\/div>\n<\/div>\n<\/div>\n
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is unbelievable you know if you have<\/div>\n<\/div>\n<\/div>\n
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stock that let’s say airbnb for example<\/div>\n<\/div>\n<\/div>\n
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which we’ll get into you know it comes<\/div>\n<\/div>\n<\/div>\n
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up to like 160 bucks<\/div>\n<\/div>\n<\/div>\n
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and then it holds 160 bucks to the tick<\/div>\n<\/div>\n<\/div>\n
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and you know you place offers<\/div>\n<\/div>\n<\/div>\n
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you front run it 159 90 you have a 10<\/div>\n<\/div>\n<\/div>\n
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cent risk and if it drops out two points<\/div>\n<\/div>\n<\/div>\n
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twenty to one risk reward you can see<\/div>\n<\/div>\n<\/div>\n
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why<\/div>\n<\/div>\n<\/div>\n
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it starts to become really attractive<\/div>\n<\/div>\n<\/div>\n
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with these day one day two day three<\/div>\n<\/div>\n<\/div>\n
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ipos<\/div>\n<\/div>\n<\/div>\n
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to look for these really important<\/div>\n<\/div>\n<\/div>\n
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inflection areas because they so often<\/div>\n<\/div>\n<\/div>\n
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hold<\/div>\n<\/div>\n<\/div>\n
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very very tight obviously your tape<\/div>\n<\/div>\n<\/div>\n
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reading experience and your<\/div>\n<\/div>\n<\/div>\n
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attentiveness is going to be extremely<\/div>\n<\/div>\n<\/div>\n
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beneficial you know<\/div>\n<\/div>\n<\/div>\n
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if it’s your first time trading in ipo<\/div>\n<\/div>\n<\/div>\n
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you might start seeing things that don’t<\/div>\n<\/div>\n<\/div>\n
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necessarily<\/div>\n<\/div>\n<\/div>\n
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mean anything you could see it react at<\/div>\n<\/div>\n<\/div>\n
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a price and be like oh i’m going to try<\/div>\n<\/div>\n<\/div>\n
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there and then you try again then you<\/div>\n<\/div>\n<\/div>\n
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try again then you try again<\/div>\n<\/div>\n<\/div>\n
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you will start to realize what it looks<\/div>\n<\/div>\n<\/div>\n
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like when these levels actually matter<\/div>\n<\/div>\n<\/div>\n
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and that’s kind of the key you know<\/div>\n<\/div>\n<\/div>\n
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focusing on<\/div>\n<\/div>\n<\/div>\n
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okay i’ve seen price hit this level so<\/div>\n<\/div>\n<\/div>\n
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many times or oh they did just hold it<\/div>\n<\/div>\n<\/div>\n
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on a major<\/div>\n<\/div>\n<\/div>\n
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you know it’s breaking out it’s making<\/div>\n<\/div>\n<\/div>\n
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new highs but they held the highs to an<\/div>\n<\/div>\n<\/div>\n
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exact penny<\/div>\n<\/div>\n<\/div>\n
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let’s try it on this one but if it makes<\/div>\n<\/div>\n<\/div>\n
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out new highs again you know maybe give<\/div>\n<\/div>\n<\/div>\n
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it a little bit of a break<\/div>\n<\/div>\n<\/div>\n
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and start to treat the trade differently<\/div>\n<\/div>\n<\/div>\n
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so after day one<\/div>\n<\/div>\n<\/div>\n
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there were a couple levels that<\/div>\n<\/div>\n<\/div>\n
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developed that ended up being<\/div>\n<\/div>\n<\/div>\n
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pretty important the next day opening<\/div>\n<\/div>\n<\/div>\n
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print obviously extremely important at<\/div>\n<\/div>\n<\/div>\n
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146.<\/div>\n<\/div>\n<\/div>\n
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the initial high was exactly 165 you<\/div>\n<\/div>\n<\/div>\n
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know exactly what i was talking about<\/div>\n<\/div>\n<\/div>\n
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they held it to the penny printed it and<\/div>\n<\/div>\n<\/div>\n
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then<\/div>\n<\/div>\n<\/div>\n
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dropped it out from there the ipo low<\/div>\n<\/div>\n<\/div>\n
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was 141.25<\/div>\n<\/div>\n<\/div>\n
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150 obvious psychological level 150 50<\/div>\n<\/div>\n<\/div>\n
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was the previous day’s rough<\/div>\n<\/div>\n<\/div>\n
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v-lap close and 144 12 is the closing<\/div>\n<\/div>\n<\/div>\n
\n
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print<\/div>\n<\/div>\n<\/div>\n
\n
\n
so here’s how the chart looked this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
day one on the ipo so opens 146<\/div>\n<\/div>\n<\/div>\n
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rips pretty aggressively straight up to<\/div>\n<\/div>\n<\/div>\n
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165 holds it to the tick<\/div>\n<\/div>\n<\/div>\n
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and then drops out all the way um quite<\/div>\n<\/div>\n<\/div>\n
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\n
a candle drop<\/div>\n<\/div>\n<\/div>\n
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\n
out here this is you see this a lot on<\/div>\n<\/div>\n<\/div>\n
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ipos especially when it’s day one<\/div>\n<\/div>\n<\/div>\n
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um there you often have liquidity<\/div>\n<\/div>\n<\/div>\n
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vacuums where you know<\/div>\n<\/div>\n<\/div>\n
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price slips off of a major high<\/div>\n<\/div>\n<\/div>\n
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or like you know the opening print or a<\/div>\n<\/div>\n<\/div>\n
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major low you see<\/div>\n<\/div>\n<\/div>\n
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it just kind of vacuum because the bids<\/div>\n<\/div>\n<\/div>\n
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evaporate and people just slap the<\/div>\n<\/div>\n<\/div>\n
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offers<\/div>\n<\/div>\n<\/div>\n
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or slap the bids rather all the way down<\/div>\n<\/div>\n<\/div>\n
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the tape you get the liquidity vacuum<\/div>\n<\/div>\n<\/div>\n
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\n
and instantly goes to view app<\/div>\n<\/div>\n<\/div>\n
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and then you kind of get like a<\/div>\n<\/div>\n<\/div>\n
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\n
trampoline effect and then the trade<\/div>\n<\/div>\n<\/div>\n
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actually starts to take place<\/div>\n<\/div>\n<\/div>\n
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\n
so you can see those levels developed<\/div>\n<\/div>\n<\/div>\n
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that i was talking about all listed here<\/div>\n<\/div>\n<\/div>\n
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ipo low you can see this is kind of the<\/div>\n<\/div>\n<\/div>\n
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opening range low<\/div>\n<\/div>\n<\/div>\n
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oscillated around there before bottoming<\/div>\n<\/div>\n<\/div>\n
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i guess for the day<\/div>\n<\/div>\n<\/div>\n
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150 was held on the tape one two three<\/div>\n<\/div>\n<\/div>\n
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four times got slipped<\/div>\n<\/div>\n<\/div>\n
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\n
re-offered and that kind of led to new<\/div>\n<\/div>\n<\/div>\n
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\n
lows new ipo low<\/div>\n<\/div>\n<\/div>\n
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\n
150 42 you could see that close view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
and 141.45 kind of a little bit of a<\/div>\n<\/div>\n<\/div>\n
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\n
level that got put in on this initial<\/div>\n<\/div>\n<\/div>\n
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\n
swing low breakdown from vu app<\/div>\n<\/div>\n<\/div>\n
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\n
after the open all of those levels came<\/div>\n<\/div>\n<\/div>\n
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into play in the next day<\/div>\n<\/div>\n<\/div>\n
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\n
but specifically the area that i’m going<\/div>\n<\/div>\n<\/div>\n
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\n
to be focusing on is 150 to 150 42<\/div>\n<\/div>\n<\/div>\n
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because there was a really interesting<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing that ended up happening on the<\/div>\n<\/div>\n<\/div>\n
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\n
tape there<\/div>\n<\/div>\n<\/div>\n
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\n
so now that i had you know clear levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
from day one<\/div>\n<\/div>\n<\/div>\n
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\n
i wanted to formulate the trade based<\/div>\n<\/div>\n<\/div>\n
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\n
off of where i was most likely to see<\/div>\n<\/div>\n<\/div>\n
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reactions<\/div>\n<\/div>\n<\/div>\n
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\n
off of where it was opening and then<\/div>\n<\/div>\n<\/div>\n
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\n
kind of just sit and wait<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of times people will have a bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
idea and a fresh ipo like<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i think this is a hot ipo it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to run it’s going to trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
or this is oversubscribed way overvalued<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s going to trend down<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they’ll try and trade around the<\/div>\n<\/div>\n<\/div>\n
\n
\n
core you know be involved<\/div>\n<\/div>\n<\/div>\n
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\n
the entire trading day and give a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
take a little out and<\/div>\n<\/div>\n<\/div>\n
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\n
you know try and work a price and get<\/div>\n<\/div>\n<\/div>\n
\n
\n
distracted you know and then if they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
wrong you know it takes you a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
of time to realize that you’re wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
so for me i just wanted to wait let it<\/div>\n<\/div>\n<\/div>\n
\n
\n
get to the price instantly react and<\/div>\n<\/div>\n<\/div>\n
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\n
then see<\/div>\n<\/div>\n<\/div>\n
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\n
whether you know is this a scalp am i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just going to get a quick reaction take<\/div>\n<\/div>\n<\/div>\n
\n
\n
off all my risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then realize oh hey you know this<\/div>\n<\/div>\n<\/div>\n
\n
\n
isn’t the type of trade i need to hold<\/div>\n<\/div>\n<\/div>\n
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\n
on to<\/div>\n<\/div>\n<\/div>\n
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\n
i’m not walking into anything big or am<\/div>\n<\/div>\n<\/div>\n
\n
\n
i going to get lucky here get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown and then have to adjust my<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade to be a swing<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s tough to have that plan beforehand<\/div>\n<\/div>\n<\/div>\n
\n
\n
because it’s a fresh ipo<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape is going to be changing rapidly<\/div>\n<\/div>\n<\/div>\n
\n
\n
every day but you can pick up on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit of key behaviors that make<\/div>\n<\/div>\n<\/div>\n
\n
\n
your entries and exits a lot better<\/div>\n<\/div>\n<\/div>\n
\n
\n
i did feel like the larger time frame<\/div>\n<\/div>\n<\/div>\n
\n
\n
slightly favored the short side in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
instance<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously like you know most people<\/div>\n<\/div>\n<\/div>\n
\n
\n
buying this ipo or<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting allocated shares or over<\/div>\n<\/div>\n<\/div>\n
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\n
subscribing and things like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
they think you know airbnb is a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
solid company obviously it’s one of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
leaders in the space you know i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
vrbo is another instance<\/div>\n<\/div>\n<\/div>\n
\n
\n
um probably their main competitor then<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously<\/div>\n<\/div>\n<\/div>\n
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\n
legacy hotels and things like that are<\/div>\n<\/div>\n<\/div>\n
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\n
are all competing for the same<\/div>\n<\/div>\n<\/div>\n
\n
\n
hospitality group<\/div>\n<\/div>\n<\/div>\n
\n
\n
type idea but you have to think about it<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’s highly above the offer<\/div>\n<\/div>\n<\/div>\n
\n
\n
price<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re in you know a once in a hundred<\/div>\n<\/div>\n<\/div>\n
\n
\n
year pandemic<\/div>\n<\/div>\n<\/div>\n
\n
\n
logically i just didn’t really feel like<\/div>\n<\/div>\n<\/div>\n
\n
\n
it made sense for this to just trend all<\/div>\n<\/div>\n<\/div>\n
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\n
day<\/div>\n<\/div>\n<\/div>\n
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\n
maybe the opening buying some people<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to be involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we’ll kind of see how the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
developed but judging by how it closed<\/div>\n<\/div>\n<\/div>\n
\n
\n
on day one<\/div>\n<\/div>\n<\/div>\n
\n
\n
i kind of felt like there could be some<\/div>\n<\/div>\n<\/div>\n
\n
\n
continuation to the downside<\/div>\n<\/div>\n<\/div>\n
\n
\n
day two<\/div>\n<\/div>\n<\/div>\n
\n
\n
so there were three specific setups all<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the same direction to the short side<\/div>\n<\/div>\n<\/div>\n
\n
\n
but all that kind of led and built on<\/div>\n<\/div>\n<\/div>\n
\n
\n
each other to let me get bigger in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and bigger in the next trade and kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
made one<\/div>\n<\/div>\n<\/div>\n
\n
\n
larger idea the short in airbnb<\/div>\n<\/div>\n<\/div>\n
\n
\n
a setup that could be you know a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
making month making trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so the first setup was a morning pop to<\/div>\n<\/div>\n<\/div>\n
\n
\n
150<\/div>\n<\/div>\n<\/div>\n
\n
\n
152 area from day one i’ll go over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
the second was a re-test of the 150 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
50 area this is when there was a very<\/div>\n<\/div>\n<\/div>\n
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\n
very unique<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing happening on the tape and then<\/div>\n<\/div>\n<\/div>\n
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\n
seller steps down<\/div>\n<\/div>\n<\/div>\n
\n
\n
from that original 150 to 50 50 area<\/div>\n<\/div>\n<\/div>\n
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\n
and for some reason decides to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
147.50 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then physically actually steps down<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 147<\/div>\n<\/div>\n<\/div>\n
\n
\n
25 holds that to the penny and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
collapses the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’ll go over my executions here and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of identifying everything<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is just you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
a trader view chart clean no v-wap or<\/div>\n<\/div>\n<\/div>\n
\n
\n
anything because i really just want you<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see how<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade develops with the specific<\/div>\n<\/div>\n<\/div>\n
\n
\n
inflection points and on the next chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll have the levels actually marked out<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can see because<\/div>\n<\/div>\n<\/div>\n
\n
\n
drawing lines in trader view is a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit annoying<\/div>\n<\/div>\n<\/div>\n
\n
\n
right off the open you can kind of see<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it closed the previous day<\/div>\n<\/div>\n<\/div>\n
\n
\n
it like would wick above 150 these are<\/div>\n<\/div>\n<\/div>\n
\n
\n
all late prints<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it was kind of really struggling to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get up there so on the open i thought in<\/div>\n<\/div>\n<\/div>\n
\n
\n
my head<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know it’d be really interesting if<\/div>\n<\/div>\n<\/div>\n
\n
\n
they just kind of and i mentioned that<\/div>\n<\/div>\n<\/div>\n
\n
\n
like 151<\/div>\n<\/div>\n<\/div>\n
\n
\n
42-ish 150 150 area that had developed<\/div>\n<\/div>\n<\/div>\n
\n
\n
the previous day<\/div>\n<\/div>\n<\/div>\n
\n
\n
i kind of said in my head like i bet you<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re just going to quickly pop it<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe it stops at 150 150. you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a little bit of a gamble<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit of a you know if this<\/div>\n<\/div>\n<\/div>\n
\n
\n
happens obviously i’m going to get lucky<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it could be a really nice reward<\/div>\n<\/div>\n<\/div>\n
\n
\n
area and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the reaction from that level can dictate<\/div>\n<\/div>\n<\/div>\n
\n
\n
how i’m going to treat the stock the<\/div>\n<\/div>\n<\/div>\n
\n
\n
rest of the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
they pop it above 150 151 and fail it<\/div>\n<\/div>\n<\/div>\n
\n
\n
aggressively<\/div>\n<\/div>\n<\/div>\n
\n
\n
my first thought is going to be okay the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next re-test of this area<\/div>\n<\/div>\n<\/div>\n
\n
\n
could potentially be a re-short and risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
152<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i can risk one two points if we<\/div>\n<\/div>\n<\/div>\n
\n
\n
break ipo low that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know about six seven eight points<\/div>\n<\/div>\n<\/div>\n
\n
\n
the risk reward is<\/div>\n<\/div>\n<\/div>\n
\n
\n
starting to be really good even to just<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing it and then if i can use my tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
reading skills to get an even tighter<\/div>\n<\/div>\n<\/div>\n
\n
\n
entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
now we’re starting to see you know risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
reward wise this is going to get really<\/div>\n<\/div>\n<\/div>\n
\n
\n
tight and i’m going to be able to size<\/div>\n<\/div>\n<\/div>\n
\n
\n
up<\/div>\n<\/div>\n<\/div>\n
\n
\n
into that trade itself off the open it<\/div>\n<\/div>\n<\/div>\n
\n
\n
pops<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know this is a two two-minute chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
spends like two three minutes getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
right back into that previous day’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
range<\/div>\n<\/div>\n<\/div>\n
\n
\n
it looked like this is a little bit of<\/div>\n<\/div>\n<\/div>\n
\n
\n
an imbalance selling pops back<\/div>\n<\/div>\n<\/div>\n
\n
\n
up it did exactly what i thought it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know sometimes<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it does exactly what your plan is you<\/div>\n<\/div>\n<\/div>\n
\n
\n
have to just realize all right this is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
gift i have to be quick here<\/div>\n<\/div>\n<\/div>\n
\n
\n
it popped 150 i took a little bit ahead<\/div>\n<\/div>\n<\/div>\n
\n
\n
of 151<\/div>\n<\/div>\n<\/div>\n
\n
\n
knowing that i was probably willing to<\/div>\n<\/div>\n<\/div>\n
\n
\n
just quit take a quick stop above 152<\/div>\n<\/div>\n<\/div>\n
\n
\n
and kind of just see what happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
it re-offered 151 and the tape stepped<\/div>\n<\/div>\n<\/div>\n
\n
\n
down 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
50. as soon as i saw that i hit my<\/div>\n<\/div>\n<\/div>\n
\n
\n
second lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
went all the way down to 146 and i said<\/div>\n<\/div>\n<\/div>\n
\n
\n
to myself 152 is my stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s not really any reason for me to<\/div>\n<\/div>\n<\/div>\n
\n
\n
scale out of this if anything i need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be thinking bigger<\/div>\n<\/div>\n<\/div>\n
\n
\n
targeting the low of the ipo it didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really make sense in my head<\/div>\n<\/div>\n<\/div>\n
\n
\n
to quickly scalp out of this and be<\/div>\n<\/div>\n<\/div>\n
\n
\n
too reactive and like spam out of it you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know take some off really short because<\/div>\n<\/div>\n<\/div>\n
\n
\n
ask anybody around the firm and a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
us<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel like if we start moving our average<\/div>\n<\/div>\n<\/div>\n
\n
\n
price down by trading in and out<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a little bit of a psycholo<\/div>\n<\/div>\n<\/div>\n
\n
\n
psychology<\/div>\n<\/div>\n<\/div>\n
\n
\n
psychological negatives that come into<\/div>\n<\/div>\n<\/div>\n
\n
\n
play where i’m like<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh now moving my average price on my<\/div>\n<\/div>\n<\/div>\n
\n
\n
average price you know if i re-short<\/div>\n<\/div>\n<\/div>\n
\n
\n
here<\/div>\n<\/div>\n<\/div>\n
\n
\n
after taking some off you know my<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-short now my average price is 158 am<\/div>\n<\/div>\n<\/div>\n
\n
\n
i going to hold all the way back up to<\/div>\n<\/div>\n<\/div>\n
\n
\n
150 151<\/div>\n<\/div>\n<\/div>\n
\n
\n
am i going to be shorting the whole way<\/div>\n<\/div>\n<\/div>\n
\n
\n
up next you know i take an entire<\/div>\n<\/div>\n<\/div>\n
\n
\n
average above 152.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i really just wanted to keep the<\/div>\n<\/div>\n<\/div>\n
\n
\n
larger time frame swing and play<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know use 150 as an inflection once<\/div>\n<\/div>\n<\/div>\n
\n
\n
we got this kind of breakdown towards<\/div>\n<\/div>\n<\/div>\n
\n
\n
the previous days close<\/div>\n<\/div>\n<\/div>\n
\n
\n
use that 150 as an inflection and just<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of build into it and see what i<\/div>\n<\/div>\n<\/div>\n
\n
\n
could do<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i was shorting every pop comes down<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorted another pop it went a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
further than i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
couldn’t break 150 and i shorted again<\/div>\n<\/div>\n<\/div>\n
\n
\n
then as i started to tighten<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade started to change a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i i said to myself okay if it breaks<\/div>\n<\/div>\n<\/div>\n
\n
\n
150<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m pretty sure i’m going to get slipped<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m not quite sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it’s going to slip me to but the<\/div>\n<\/div>\n<\/div>\n
\n
\n
type of size i have right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m not really too interested in getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
slipped the whole dollar so i’m going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
take a really quick stop above 150 if it<\/div>\n<\/div>\n<\/div>\n
\n
\n
gets there<\/div>\n<\/div>\n<\/div>\n
\n
\n
reevaluate and potentially look for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
tight area on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
if that seller from previous in the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 151 is willing to step<\/div>\n<\/div>\n<\/div>\n
\n
\n
down so as the trades developing<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s important to not get wrapped into<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mindset where<\/div>\n<\/div>\n<\/div>\n
\n
\n
in real time you’re like oh my god i<\/div>\n<\/div>\n<\/div>\n
\n
\n
haven’t covered any you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m short i didn’t take any off down<\/div>\n<\/div>\n<\/div>\n
\n
\n
here i didn’t take any off down here<\/div>\n<\/div>\n<\/div>\n
\n
\n
i didn’t take any off down here you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
as it starts to compress against me<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i’m looking more and more like i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to be wrong on my initial id and<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to have to be really flexible<\/div>\n<\/div>\n<\/div>\n
\n
\n
and nimble back towards my entry price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and sure i missed out on a decent amount<\/div>\n<\/div>\n<\/div>\n
\n
\n
of profit down here<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the idea in my head was i think this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to break the previous day’s low<\/div>\n<\/div>\n<\/div>\n
\n
\n
and go to my targets which are much<\/div>\n<\/div>\n<\/div>\n
\n
\n
lower than where i’m willing to flick in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and out<\/div>\n<\/div>\n<\/div>\n
\n
\n
depending on your personality some<\/div>\n<\/div>\n<\/div>\n
\n
\n
people are better at holding cores<\/div>\n<\/div>\n<\/div>\n
\n
\n
right some people can trade around cores<\/div>\n<\/div>\n<\/div>\n
\n
\n
really well i’ve identified myself as<\/div>\n<\/div>\n<\/div>\n
\n
\n
not being able to do that when my<\/div>\n<\/div>\n<\/div>\n
\n
\n
average price gets mixed up<\/div>\n<\/div>\n<\/div>\n
\n
\n
i start to get distracted i start to<\/div>\n<\/div>\n<\/div>\n
\n
\n
move my stop down i do kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
key little slip ups rookie type mistakes<\/div>\n<\/div>\n<\/div>\n
\n
\n
all because i’m over trading it<\/div>\n<\/div>\n<\/div>\n
\n
\n
the idea here was i have my targets i<\/div>\n<\/div>\n<\/div>\n
\n
\n
know where i’m wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to try and size into this ryan<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure when you’re when you’re re-shorting<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 148 149 there<\/div>\n<\/div>\n<\/div>\n
\n
\n
how much are you adding relative to your<\/div>\n<\/div>\n<\/div>\n
\n
\n
original<\/div>\n<\/div>\n<\/div>\n
\n
\n
size right here yeah like like there and<\/div>\n<\/div>\n<\/div>\n
\n
\n
the few<\/div>\n<\/div>\n<\/div>\n
\n
\n
the few before that are you um are you<\/div>\n<\/div>\n<\/div>\n
\n
\n
doubling your size<\/div>\n<\/div>\n<\/div>\n
\n
\n
are you adding like quarters or like how<\/div>\n<\/div>\n<\/div>\n
\n
\n
are you thinking about the size as<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you’re adding there yeah let me<\/div>\n<\/div>\n<\/div>\n
\n
\n
quickly double check<\/div>\n<\/div>\n<\/div>\n
\n
\n
the exact lots that i was using<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i just want to make sure i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
confuse myself here<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m just gonna use trader view real<\/div>\n<\/div>\n<\/div>\n
\n
\n
quick to get the exact lot sizes<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so i’ll just give it to you in<\/div>\n<\/div>\n<\/div>\n
\n
\n
reference here<\/div>\n<\/div>\n<\/div>\n
\n
\n
my initial position i was using like<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe a tenth of what i would ideally<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and i guess it kind of depends like<\/div>\n<\/div>\n<\/div>\n
\n
\n
um i’m just trying to make sure i can’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
say the exact share amounts<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can’t say the exact share amounts<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously<\/div>\n<\/div>\n<\/div>\n
\n
\n
just relative to your original entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
your original you know where you<\/div>\n<\/div>\n<\/div>\n
\n
\n
where you i’d say on on these three<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorts or this short just to double<\/div>\n<\/div>\n<\/div>\n
\n
\n
clarify<\/div>\n<\/div>\n<\/div>\n
\n
\n
just the ones that like the first ones<\/div>\n<\/div>\n<\/div>\n
\n
\n
the ones at like 10<\/div>\n<\/div>\n<\/div>\n
\n
\n
10 30 10 20. this was one lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
two lots this was um a half lot another<\/div>\n<\/div>\n<\/div>\n
\n
\n
half lot another half lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i got all the way up to like tier<\/div>\n<\/div>\n<\/div>\n
\n
\n
three right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then as it came up to 150 again i<\/div>\n<\/div>\n<\/div>\n
\n
\n
got to tier four and then took a quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
slip on it<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then i’ll you know as once that<\/div>\n<\/div>\n<\/div>\n
\n
\n
happened<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of where i started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
realize all right this trade is starting<\/div>\n<\/div>\n<\/div>\n
\n
\n
to become something different<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i barely took a loss i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually think i lost anything<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think i brought my average price<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually hitting here here and here my<\/div>\n<\/div>\n<\/div>\n
\n
\n
average price came from like<\/div>\n<\/div>\n<\/div>\n
\n
\n
150 80.<\/div>\n<\/div>\n<\/div>\n
\n
\n
150s yeah 150 70 and it came all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to like 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
14. so when i took the slip here i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
flat on the trade and i was like all<\/div>\n<\/div>\n<\/div>\n
\n
\n
right i’m just going to reevaluate<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see what happens and see you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
are we going to fail from 150 again and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
wipe out this entire you know wedge that<\/div>\n<\/div>\n<\/div>\n
\n
\n
formed if that’s what happens<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously this trade kind of is going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be okay a lower high<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure and if it fails from there we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely going to take out lows so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of the idea<\/div>\n<\/div>\n<\/div>\n
\n
\n
i took a quick slip on it and then as it<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-offers back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
if any of you guys are watching this<\/div>\n<\/div>\n<\/div>\n
\n
\n
live between<\/div>\n<\/div>\n<\/div>\n
\n
\n
150 and 150 50 every time it pushed<\/div>\n<\/div>\n<\/div>\n
\n
\n
above like the 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
cent level or 30 or 40 cents it would<\/div>\n<\/div>\n<\/div>\n
\n
\n
like get really close to 50 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then just a massive offer would come<\/div>\n<\/div>\n<\/div>\n
\n
\n
in and sweep everything back underneath<\/div>\n<\/div>\n<\/div>\n
\n
\n
150.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that happened once here and this<\/div>\n<\/div>\n<\/div>\n
\n
\n
candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is a two minute chart but this<\/div>\n<\/div>\n<\/div>\n
\n
\n
candle literally happened in like 15 to<\/div>\n<\/div>\n<\/div>\n
\n
\n
20 seconds<\/div>\n<\/div>\n<\/div>\n
\n
\n
it popped up to 150 50 and the seller<\/div>\n<\/div>\n<\/div>\n
\n
\n
just destroyed it all the way back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
they held 149 to the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
it snuck back up again you can see i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
like starting to short again<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just put a short here this is my first<\/div>\n<\/div>\n<\/div>\n
\n
\n
my first short and at this point i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
like all right 150 50 is where i’m going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to set my stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was in one two three four you know i<\/div>\n<\/div>\n<\/div>\n
\n
\n
took five entries to get up to tier four<\/div>\n<\/div>\n<\/div>\n
\n
\n
or tier three and then tier four here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so my relative size was like<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah let’s just say that was four tiers<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i just want to make sure i put<\/div>\n<\/div>\n<\/div>\n
\n
\n
this in perspective here i want the lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
sizes to make sense to you guys<\/div>\n<\/div>\n<\/div>\n
\n
\n
listening without giving away how many<\/div>\n<\/div>\n<\/div>\n
\n
\n
shares i was because i can’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
you you basically got back in what the<\/div>\n<\/div>\n<\/div>\n
\n
\n
amount<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve had before right there it sounds<\/div>\n<\/div>\n<\/div>\n
\n
\n
like no so that’s where it gets<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i saw this tape developing i<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually ended up getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
this entry right here was already double<\/div>\n<\/div>\n<\/div>\n
\n
\n
this entire size<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i didn’t take any loss on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade and now instead of my risk reward<\/div>\n<\/div>\n<\/div>\n
\n
\n
being two points<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this original tier four technically i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was in<\/div>\n<\/div>\n<\/div>\n
\n
\n
eight tiers right like i got huge<\/div>\n<\/div>\n<\/div>\n
\n
\n
because<\/div>\n<\/div>\n<\/div>\n
\n
\n
the risk was smaller size wise i had<\/div>\n<\/div>\n<\/div>\n
\n
\n
double the amount of size<\/div>\n<\/div>\n<\/div>\n
\n
\n
on these entries right here with a 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
51 stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i saw that seller stepping down<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was like oh now i have 50 cents of<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
four times bigger but i didn’t get there<\/div>\n<\/div>\n<\/div>\n
\n
\n
yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then it came up a dent i think we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had a question i was just gonna say for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
perspective thing like how many lots did<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have when you were full size for<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
or the max size you got eventually i got<\/div>\n<\/div>\n<\/div>\n
\n
\n
into<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i guess technically almost 15 lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay wow yeah because and i<\/div>\n<\/div>\n<\/div>\n
\n
\n
i say 15 lots because that’s relative to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the original trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
relative to my stop yeah at that time i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was probably risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost half my stop yeah almost half my<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
by the time by the time i got fully in<\/div>\n<\/div>\n<\/div>\n
\n
\n
here i was risking about half my stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
if if 150 50 lifted i was long from like<\/div>\n<\/div>\n<\/div>\n
\n
\n
148<\/div>\n<\/div>\n<\/div>\n
\n
\n
did you think that i could open up maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
a buck and get super thin about that<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah um so i say my risk was 50 cents<\/div>\n<\/div>\n<\/div>\n
\n
\n
and technically it was i was pretty sure<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was gonna get blown out above 151<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was pretty sure judging by the<\/div>\n<\/div>\n<\/div>\n
\n
\n
liquidity that i’d seen over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous day and that had been<\/div>\n<\/div>\n<\/div>\n
\n
\n
developing on this day and<\/div>\n<\/div>\n<\/div>\n
\n
\n
judging by the slippage originally over<\/div>\n<\/div>\n<\/div>\n
\n
\n
150 i did think that<\/div>\n<\/div>\n<\/div>\n
\n
\n
worst possible case i was going to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
sprayed all the way up to 151 but i did<\/div>\n<\/div>\n<\/div>\n
\n
\n
think i was going to be out by 151<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know it’s tough to say because it<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t happen<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe i would have gotten perfect fills<\/div>\n<\/div>\n<\/div>\n
\n
\n
and only lost half my stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it is interesting to note that the<\/div>\n<\/div>\n<\/div>\n
\n
\n
size i had had i gotten slipped above<\/div>\n<\/div>\n<\/div>\n
\n
\n
151<\/div>\n<\/div>\n<\/div>\n
\n
\n
it probably would would have been pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
bad but you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade itself had one two three by<\/div>\n<\/div>\n<\/div>\n
\n
\n
the time i was full size<\/div>\n<\/div>\n<\/div>\n
\n
\n
there were four held<\/div>\n<\/div>\n<\/div>\n
\n
\n
offers at that level and the size was<\/div>\n<\/div>\n<\/div>\n
\n
\n
incredible you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
you guys if you were watching the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
in real time they were just<\/div>\n<\/div>\n<\/div>\n
\n
\n
they would just wipe the entire order<\/div>\n<\/div>\n<\/div>\n
\n
\n
book back under 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that was really really rare to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s so strange when the tape does<\/div>\n<\/div>\n<\/div>\n
\n
\n
something like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
but yeah so at that point you know once<\/div>\n<\/div>\n<\/div>\n
\n
\n
that candle hits i’m in full size<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see the fact that once i get<\/div>\n<\/div>\n<\/div>\n
\n
\n
this dropout candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was way too big for what i felt like i<\/div>\n<\/div>\n<\/div>\n
\n
\n
would wanted to be in based off of where<\/div>\n<\/div>\n<\/div>\n
\n
\n
my day was at that time<\/div>\n<\/div>\n<\/div>\n
\n
\n
like obviously i was like very<\/div>\n<\/div>\n<\/div>\n
\n
\n
controlled here you know one two<\/div>\n<\/div>\n<\/div>\n
\n
\n
work my way in work my way in but i do<\/div>\n<\/div>\n<\/div>\n
\n
\n
really well at identifying these really<\/div>\n<\/div>\n<\/div>\n
\n
\n
tight levels and if i don’t put the size<\/div>\n<\/div>\n<\/div>\n
\n
\n
on there<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s obviously going to be impossible to<\/div>\n<\/div>\n<\/div>\n
\n
\n
make the amount that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i thought it deserved when you<\/div>\n<\/div>\n<\/div>\n
\n
\n
see an a-plus set up and i’ve been<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading ipos<\/div>\n<\/div>\n<\/div>\n
\n
\n
off these very specific levels for<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably like<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe since may of what was that 2018<\/div>\n<\/div>\n<\/div>\n
\n
\n
20 no i guess 2019. over a year and a<\/div>\n<\/div>\n<\/div>\n
\n
\n
half i’d say i’ve been trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
these specific levels like i’ve built my<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook out in these<\/div>\n<\/div>\n<\/div>\n
\n
\n
going all the way back to i can’t even<\/div>\n<\/div>\n<\/div>\n
\n
\n
can’t even name all the ipos that i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
done this on<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m kind of used to trading these<\/div>\n<\/div>\n<\/div>\n
\n
\n
specific levels on the tape but i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
never seen it this clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’ve never put on enough size and<\/div>\n<\/div>\n<\/div>\n
\n
\n
every time it happens and i miss it i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
like<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m like they just held 25 cents or 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents for no reason<\/div>\n<\/div>\n<\/div>\n
\n
\n
i saw it so clearly on the tape why<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t i just risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
10 cents and if i got blown out of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
if this trade happens one in 20 times<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m still gonna make<\/div>\n<\/div>\n<\/div>\n
\n
\n
money overall just because the risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
reward i’m risking 50 cents and if you<\/div>\n<\/div>\n<\/div>\n
\n
\n
look i end up<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the initial drop i already made back<\/div>\n<\/div>\n<\/div>\n
\n
\n
my risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
right here i’m up this is 3r already<\/div>\n<\/div>\n<\/div>\n
\n
\n
drop out here for four and a half points<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know at this point i’m already up<\/div>\n<\/div>\n<\/div>\n
\n
\n
like 8r and this isn’t even the full<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i haven’t even shown you guys the<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual trade yet like this is my first<\/div>\n<\/div>\n<\/div>\n
\n
\n
original entry<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be fair this specific move i made<\/div>\n<\/div>\n<\/div>\n
\n
\n
over my stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think i made like 1.5 times my stop on<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
but what ended up happening much later<\/div>\n<\/div>\n<\/div>\n
\n
\n
was what made me feel like<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay now i’ve built up all this p l and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the rest of trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
here is pretty self-explanatory you get<\/div>\n<\/div>\n<\/div>\n
\n
\n
the dropout i trimmed off like<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know let’s say i was in 15 lots i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was down to like 10 lots here really<\/div>\n<\/div>\n<\/div>\n
\n
\n
quickly take a third off<\/div>\n<\/div>\n<\/div>\n
\n
\n
just because i felt like i was oversized<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i really slowly trimmed off<\/div>\n<\/div>\n<\/div>\n
\n
\n
here like one lot two lots three lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
four lots five lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i took a lot off down here but<\/div>\n<\/div>\n<\/div>\n
\n
\n
not everything i was probably down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
like<\/div>\n<\/div>\n<\/div>\n
\n
\n
this original size by the time it came<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to 143<\/div>\n<\/div>\n<\/div>\n
\n
\n
now it’s a swing i still think it can go<\/div>\n<\/div>\n<\/div>\n
\n
\n
sub 140<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next bounce is going to be really<\/div>\n<\/div>\n<\/div>\n
\n
\n
important because i don’t know what i<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t know who<\/div>\n<\/div>\n<\/div>\n
\n
\n
was doing what up here i don’t know why<\/div>\n<\/div>\n<\/div>\n
\n
\n
all i know is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever they were doing up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
whatever the seller wanted to do maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s someone huge who was<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to get out of a bunch of shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
they were allocated you know i honestly<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t know and i don’t even really<\/div>\n<\/div>\n<\/div>\n
\n
\n
necessarily need to know<\/div>\n<\/div>\n<\/div>\n
\n
\n
all i know is that the level on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
was so clear i was able to hit it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then once you get confirmation and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it kind of wipes out all these people<\/div>\n<\/div>\n<\/div>\n
\n
\n
who’ve been buying in this compression<\/div>\n<\/div>\n<\/div>\n
\n
\n
now we are now we have a trade where the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next aggressive bounce<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to be the trade of the day i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just need to try and figure out okay am<\/div>\n<\/div>\n<\/div>\n
\n
\n
i going gonna have to scale into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and use a really good normal risk reward<\/div>\n<\/div>\n<\/div>\n
\n
\n
or am i going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
have to see another level on the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
where whoever this is steps down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s rare that someone would hold the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape that strictly and then step<\/div>\n<\/div>\n<\/div>\n
\n
\n
down and do the exact same thing again<\/div>\n<\/div>\n<\/div>\n
\n
\n
but lo and behold that’s actually what<\/div>\n<\/div>\n<\/div>\n
\n
\n
ends up happening<\/div>\n<\/div>\n<\/div>\n
\n
\n
any questions before i move on to part<\/div>\n<\/div>\n<\/div>\n
\n
\n
three of the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is part one and this is part two so<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s look at this chart again<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously without the entries these are<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the levels plotted<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we got the pop i shorted up<\/div>\n<\/div>\n<\/div>\n
\n
\n
here was kind of shorting every pop<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorting this pop holding holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding got wicked in<\/div>\n<\/div>\n<\/div>\n
\n
\n
you kind of see this behavior on one<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute they’d push it back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
push it back down this wick was like 10<\/div>\n<\/div>\n<\/div>\n
\n
\n
seconds<\/div>\n<\/div>\n<\/div>\n
\n
\n
wick it back down wick it back down so<\/div>\n<\/div>\n<\/div>\n
\n
\n
it ends up happening on a one minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart it’s even more clear one two<\/div>\n<\/div>\n<\/div>\n
\n
\n
three four five six seven eight nine ten<\/div>\n<\/div>\n<\/div>\n
\n
\n
eleven<\/div>\n<\/div>\n<\/div>\n
\n
\n
twelve times if this guy holds one 150<\/div>\n<\/div>\n<\/div>\n
\n
\n
50. like i i didn’t know why this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
happening<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i just knew that the risk reward was<\/div>\n<\/div>\n<\/div>\n
\n
\n
so good if i could<\/div>\n<\/div>\n<\/div>\n
\n
\n
get this within 50 cents you know i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna get<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably eight points out of this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
if my thesis is correct<\/div>\n<\/div>\n<\/div>\n
\n
\n
so obviously i scaled out into all of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this had some levels from the pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i wanted to take risk off into and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then the next idea was all right when it<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulls into view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
what am i going to do up there you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have by that time i had like<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know a few shares left nothing too<\/div>\n<\/div>\n<\/div>\n
\n
\n
big<\/div>\n<\/div>\n<\/div>\n
\n
\n
and my initial reaction i had made<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually i’m looking at the piano on<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader view i’d made exactly my stop on<\/div>\n<\/div>\n<\/div>\n
\n
\n
this overall trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i in my head thought all right if<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a clearer level<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can now risk the same amount that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
risked originally<\/div>\n<\/div>\n<\/div>\n
\n
\n
if i’m wrong on the day i’ll still make<\/div>\n<\/div>\n<\/div>\n
\n
\n
half my stop but if i’m right i’m going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to have the biggest day in my career<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of a product of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
personality and don’t get me wrong like<\/div>\n<\/div>\n<\/div>\n
\n
\n
that gets me into trouble a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s something that i’m working on<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to figure out<\/div>\n<\/div>\n<\/div>\n
\n
\n
when the trade deserves the level of<\/div>\n<\/div>\n<\/div>\n
\n
\n
aggression that my personality wants to<\/div>\n<\/div>\n<\/div>\n
\n
\n
attribute to it<\/div>\n<\/div>\n<\/div>\n
\n
\n
everybody’s different some people are<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk adverse some people are really<\/div>\n<\/div>\n<\/div>\n
\n
\n
prone to risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
some people you know are always looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get big always looking to<\/div>\n<\/div>\n<\/div>\n
\n
\n
capitalize on when they see their a plus<\/div>\n<\/div>\n<\/div>\n
\n
\n
trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have to find that balance and i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
still trying to find that balance don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
get me wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
but in this specific instance i felt<\/div>\n<\/div>\n<\/div>\n
\n
\n
like<\/div>\n<\/div>\n<\/div>\n
\n
\n
i had had significant edge trading these<\/div>\n<\/div>\n<\/div>\n
\n
\n
ipos<\/div>\n<\/div>\n<\/div>\n
\n
\n
day one day two day three and i really<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to step into it<\/div>\n<\/div>\n<\/div>\n
\n
\n
knowing that i had a really nice buffer<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was already starting to look like it<\/div>\n<\/div>\n<\/div>\n
\n
\n
was one of my better days<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the month in december um and i really<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to step into it you know the year<\/div>\n<\/div>\n<\/div>\n
\n
\n
was ending<\/div>\n<\/div>\n<\/div>\n
\n
\n
not sure how much more opportunities<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re gonna get et cetera et cetera you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know you could<\/div>\n<\/div>\n<\/div>\n
\n
\n
in real time attribute your proclivity<\/div>\n<\/div>\n<\/div>\n
\n
\n
towards risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
to anything but for me i just felt like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the risk reward was too good that if<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if this took out lows made new<\/div>\n<\/div>\n<\/div>\n
\n
\n
ipo lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i had the kind of size that i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to get with 50 cents of risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is going to be an enormous trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me i just need to figure out where<\/div>\n<\/div>\n<\/div>\n
\n
\n
that level is going to be on the retest<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i wasn’t really doing anything to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
honest with you i kind of just wanted to<\/div>\n<\/div>\n<\/div>\n
\n
\n
wait and see what happened at vwep<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was waiting waiting obviously it kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of grinds up but no weird behaviors on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape you know normal stuff<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of watching this 146 which was the<\/div>\n<\/div>\n<\/div>\n
\n
\n
opening print<\/div>\n<\/div>\n<\/div>\n
\n
\n
but hadn’t really respected it at all so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wasn’t interested in shorting around<\/div>\n<\/div>\n<\/div>\n
\n
\n
that even though the first pop held it<\/div>\n<\/div>\n<\/div>\n
\n
\n
to the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i wasn’t really involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-adding or anything<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s kind of oscillating around never<\/div>\n<\/div>\n<\/div>\n
\n
\n
really holds it cleanly<\/div>\n<\/div>\n<\/div>\n
\n
\n
then it will hold it but then it will<\/div>\n<\/div>\n<\/div>\n
\n
\n
wick above it’s kind of just trapping<\/div>\n<\/div>\n<\/div>\n
\n
\n
people<\/div>\n<\/div>\n<\/div>\n
\n
\n
who were paying too close attention to<\/div>\n<\/div>\n<\/div>\n
\n
\n
it at that time<\/div>\n<\/div>\n<\/div>\n
\n
\n
area where i really started to notice<\/div>\n<\/div>\n<\/div>\n
\n
\n
that there was something going on in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
again very similar to whatever block<\/div>\n<\/div>\n<\/div>\n
\n
\n
seller was up here<\/div>\n<\/div>\n<\/div>\n
\n
\n
was right around like 147. it’s like<\/div>\n<\/div>\n<\/div>\n
\n
\n
this pop right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
goes to 147.50 literally to the tick<\/div>\n<\/div>\n<\/div>\n
\n
\n
they step down and then they start<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding it to the quarter<\/div>\n<\/div>\n<\/div>\n
\n
\n
like 147 25 to the tick they hold it one<\/div>\n<\/div>\n<\/div>\n
\n
\n
time there<\/div>\n<\/div>\n<\/div>\n
\n
\n
two times there three times there four<\/div>\n<\/div>\n<\/div>\n
\n
\n
times there<\/div>\n<\/div>\n<\/div>\n
\n
\n
after the fourth time as it’s kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
like sitting at 147<\/div>\n<\/div>\n<\/div>\n
\n
\n
i said in my head i’m like all right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have 25 cents of risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it pops up above 147.25<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know i could always just size down<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of short into view app<\/div>\n<\/div>\n<\/div>\n
\n
\n
be a little bit more patient kind of see<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it’ll pop all the way back up to 149.<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe it needs to re-test this kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation here where we kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
started to curl up<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know 148.50ish maybe the original<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i was okay if i got taken out above<\/div>\n<\/div>\n<\/div>\n
\n
\n
147.25<\/div>\n<\/div>\n<\/div>\n
\n
\n
because i was going to reshore it anyway<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i still had the idea that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if you block out all this<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously i still had the idea that we<\/div>\n<\/div>\n<\/div>\n
\n
\n
were going to make lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you know 142 50ish shorting 147<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know five points of risk i could<\/div>\n<\/div>\n<\/div>\n
\n
\n
give it all the way up to 150 and the<\/div>\n<\/div>\n<\/div>\n
\n
\n
reward’s still okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the odds of it actually rolling<\/div>\n<\/div>\n<\/div>\n
\n
\n
become less and less obviously the more<\/div>\n<\/div>\n<\/div>\n
\n
\n
time it spends up here back in this you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know developing morning range<\/div>\n<\/div>\n<\/div>\n
\n
\n
anyway after the fourth time i held<\/div>\n<\/div>\n<\/div>\n
\n
\n
147.25 i was like all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m just gonna go for it if i lose 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
cents on this size it’s not going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
damage me too much<\/div>\n<\/div>\n<\/div>\n
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i’ll lose half of what i’ve made on the<\/div>\n<\/div>\n<\/div>\n
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day but then i can kind of<\/div>\n<\/div>\n<\/div>\n
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take a fresh look at it and reevaluate<\/div>\n<\/div>\n<\/div>\n
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and see what happens<\/div>\n<\/div>\n<\/div>\n
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i think i put on the exact same amount<\/div>\n<\/div>\n<\/div>\n
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of size 15 lots again<\/div>\n<\/div>\n<\/div>\n
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comparatively to what i had earlier<\/div>\n<\/div>\n<\/div>\n
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half the risk now so i even could have<\/div>\n<\/div>\n<\/div>\n
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been bigger comparatively to my stop you<\/div>\n<\/div>\n<\/div>\n
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know risking half my stop again<\/div>\n<\/div>\n<\/div>\n
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i probably could have risked my whole<\/div>\n<\/div>\n<\/div>\n
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stop<\/div>\n<\/div>\n<\/div>\n
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but you know it’s tough to say like<\/div>\n<\/div>\n<\/div>\n
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obviously you could be like oh you would<\/div>\n<\/div>\n<\/div>\n
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have made so much more the risk was<\/div>\n<\/div>\n<\/div>\n
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tighter why didn’t you get bigger i mean<\/div>\n<\/div>\n<\/div>\n
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i was already risking half my stop<\/div>\n<\/div>\n<\/div>\n
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i was being hyper aggressive you know<\/div>\n<\/div>\n<\/div>\n
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willing to<\/div>\n<\/div>\n<\/div>\n
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give a decent amount of my day back<\/div>\n<\/div>\n<\/div>\n
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which is a little bit dangerous but<\/div>\n<\/div>\n<\/div>\n
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obviously if you want to swing for the<\/div>\n<\/div>\n<\/div>\n
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fences and you see an a plus<\/div>\n<\/div>\n<\/div>\n
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trade you know that is what you have to<\/div>\n<\/div>\n<\/div>\n
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do and that’s how you have to react<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i ended up getting 147.06 or 147.07<\/div>\n<\/div>\n<\/div>\n
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on the lot and my stop i kid you not was<\/div>\n<\/div>\n<\/div>\n
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147.26<\/div>\n<\/div>\n<\/div>\n
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and it held it perfectly to the tick<\/div>\n<\/div>\n<\/div>\n
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broke down i actually<\/div>\n<\/div>\n<\/div>\n
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stepped away from my computer for i<\/div>\n<\/div>\n<\/div>\n
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think like three minutes to get a glass<\/div>\n<\/div>\n<\/div>\n
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of water<\/div>\n<\/div>\n<\/div>\n
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i came back and it was already<\/div>\n<\/div>\n<\/div>\n
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\n
underneath 146 and i had all that size<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i was like well you know i’m not<\/div>\n<\/div>\n<\/div>\n
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going to cover any here it doesn’t<\/div>\n<\/div>\n<\/div>\n
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really make any sense i just got<\/div>\n<\/div>\n<\/div>\n
\n
\n
they just vacuumed us down i’m just<\/div>\n<\/div>\n<\/div>\n
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\n
going to see what happens so i actually<\/div>\n<\/div>\n<\/div>\n
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\n
took my dog out to my roof to go<\/div>\n<\/div>\n<\/div>\n
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\n
to the bathroom brought him back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know we were down here at 141<\/div>\n<\/div>\n<\/div>\n
\n
\n
so there’s a little bit of luck<\/div>\n<\/div>\n<\/div>\n
\n
\n
in holding it but you know my target was<\/div>\n<\/div>\n<\/div>\n
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under here anyway<\/div>\n<\/div>\n<\/div>\n
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like i wasn’t going to take any off<\/div>\n<\/div>\n<\/div>\n
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under 143 because i knew what i was<\/div>\n<\/div>\n<\/div>\n
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going to make if it kind of dropped out<\/div>\n<\/div>\n<\/div>\n
\n
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like this<\/div>\n<\/div>\n<\/div>\n
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i didn’t think that it was going to do<\/div>\n<\/div>\n<\/div>\n
\n
\n
this like this initial part of the move<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it kind of took out 140 and took<\/div>\n<\/div>\n<\/div>\n
\n
\n
out this pre-market range<\/div>\n<\/div>\n<\/div>\n
\n
\n
that didn’t surprise me it surprised me<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously how quick it went but you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
i knew it was an ipo and it had<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity to you know have the<\/div>\n<\/div>\n<\/div>\n
\n
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liquidity vacuums like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
but once it kind of really went right<\/div>\n<\/div>\n<\/div>\n
\n
\n
here let’s see if my execute i think my<\/div>\n<\/div>\n<\/div>\n
\n
\n
executions are on the next page<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can see where i got short set my<\/div>\n<\/div>\n<\/div>\n
\n
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stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
didn’t do anything here it hit my target<\/div>\n<\/div>\n<\/div>\n
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which was like right at 142<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i took my first lot off and at that<\/div>\n<\/div>\n<\/div>\n
\n
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point<\/div>\n<\/div>\n<\/div>\n
\n
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the tape was moving so quick i was like<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right i just want to see kind of<\/div>\n<\/div>\n<\/div>\n
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where this is going to go<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe it actually drops out and and<\/div>\n<\/div>\n<\/div>\n
\n
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starts to build on itself like you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
this thing was priced what like<\/div>\n<\/div>\n<\/div>\n
\n
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80 bucks lower like you kind of have to<\/div>\n<\/div>\n<\/div>\n
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\n
use your imagination<\/div>\n<\/div>\n<\/div>\n
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\n
and just think about the range that it’s<\/div>\n<\/div>\n<\/div>\n
\n
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expanded how much energy it’s used<\/div>\n<\/div>\n<\/div>\n
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um you obviously you can’t really use<\/div>\n<\/div>\n<\/div>\n
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atr or anything like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you really just have to look for like<\/div>\n<\/div>\n<\/div>\n
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capitulatory type action and the volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of what we started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get in this candle but you could see<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i wasn’t anywhere close to covering<\/div>\n<\/div>\n<\/div>\n
\n
\n
lows on this<\/div>\n<\/div>\n<\/div>\n
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i was really trying to read the tape<\/div>\n<\/div>\n<\/div>\n
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down here but it<\/div>\n<\/div>\n<\/div>\n
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was pretty crazy i hadn’t seen you know<\/div>\n<\/div>\n<\/div>\n
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\n
a stock move like this<\/div>\n<\/div>\n<\/div>\n
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\n
day two off an ipo like day one usually<\/div>\n<\/div>\n<\/div>\n
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\n
you get<\/div>\n<\/div>\n<\/div>\n
\n
\n
moves that are this violent but like day<\/div>\n<\/div>\n<\/div>\n
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two this was crazy selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i did my best to get out you know at<\/div>\n<\/div>\n<\/div>\n
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the best prices i could but i<\/div>\n<\/div>\n<\/div>\n
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\n
was out ahead of 138 obviously collapsed<\/div>\n<\/div>\n<\/div>\n
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\n
to 135 i think i had like<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit of size left i don’t think<\/div>\n<\/div>\n<\/div>\n
\n
\n
this got me flat i probably had like two<\/div>\n<\/div>\n<\/div>\n
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\n
tiers left like something really small<\/div>\n<\/div>\n<\/div>\n
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\n
out of like the 15 i started with i got<\/div>\n<\/div>\n<\/div>\n
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\n
down to like<\/div>\n<\/div>\n<\/div>\n
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\n
probably 10 here down to five here<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe five or three something like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i was reshorting the pop just<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of using levels<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-shorting covering dips and i didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really make too much<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then i ended up covering the<\/div>\n<\/div>\n<\/div>\n
\n
\n
whole thing back above 140 when it kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of<\/div>\n<\/div>\n<\/div>\n
\n
\n
spiked back up here and just left it<\/div>\n<\/div>\n<\/div>\n
\n
\n
alone because it was getting really<\/div>\n<\/div>\n<\/div>\n
\n
\n
close to the end of the day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it didn’t quite roll like i thought<\/div>\n<\/div>\n<\/div>\n
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it could into the close<\/div>\n<\/div>\n<\/div>\n
\n
\n
but yeah you know the main part of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade was recognizing<\/div>\n<\/div>\n<\/div>\n
\n
\n
this level develop a 150 50 using it<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know setting the stop to as tight as<\/div>\n<\/div>\n<\/div>\n
\n
\n
i needed to<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then seeing that seller step down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
147<\/div>\n<\/div>\n<\/div>\n
\n
\n
25-ish um hitting it again and<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously you know we get the collapse<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i did my best to cover is<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty violent on the tape and it could<\/div>\n<\/div>\n<\/div>\n
\n
\n
vacuum back up two three bucks<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i had to be a little bit careful and<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of sell into the down moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s why you know the down moves<\/div>\n<\/div>\n<\/div>\n
\n
\n
move a little bit quicker i’d rather be<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling into the weakness<\/div>\n<\/div>\n<\/div>\n
\n
\n
than be selling as it’s popping back up<\/div>\n<\/div>\n<\/div>\n
\n
\n
against me<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a little bit better psychologically<\/div>\n<\/div>\n<\/div>\n
\n
\n
for me to sell into those down wicks if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it goes a little bit further i’m like oh<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s okay i still have a little bit of<\/div>\n<\/div>\n<\/div>\n
\n
\n
my core left<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s kind of a better way to think<\/div>\n<\/div>\n<\/div>\n
\n
\n
about it for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
but yeah any questions that basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
wraps up you know the trade in<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the whole if you guys have any other<\/div>\n<\/div>\n<\/div>\n
\n
\n
clarifying things you want to ask<\/div>\n<\/div>\n<\/div>\n
\n
\n
thanks ryan yeah thanks so much for<\/div>\n<\/div>\n<\/div>\n
\n
\n
listening guys uh i appreciate it<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh happy new year and as always reach<\/div>\n<\/div>\n<\/div>\n
\n
\n
out if you guys have any questions about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade or<\/div>\n<\/div>\n<\/div>\n
\n
\n
really anything in general hey go ahead<\/div>\n<\/div>\n<\/div>\n
\n
\n
and click our subscribe button so you<\/div>\n<\/div>\n<\/div>\n
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\n
don’t miss<\/div>\n<\/div>\n<\/div>\n
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any of the videos they’re producing for<\/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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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>\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video SMB Trader, Ryan, details a trade he made on the second day following the Airbnb IPO. This trade was his best trade ever! Ryan breaks down how he traded the IPO and answers questions from the trading community during the YouTube Premiere. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50436,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50435","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nTrade Review With A Year-3 Proprietary Trader | 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\/trade-review-with-a-year-3-proprietary-trader\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade Review With A Year-3 Proprietary Trader | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video SMB Trader, Ryan, details a trade he made on the second day following the Airbnb IPO. 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