{"id":50592,"date":"2021-02-12T11:41:17","date_gmt":"2021-02-12T16:41:17","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50592"},"modified":"2021-02-12T11:41:17","modified_gmt":"2021-02-12T16:41:17","slug":"the-trading-strategy-nearly-everyone-missed-during-the-gamestop-opportunity","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-trading-strategy-nearly-everyone-missed-during-the-gamestop-opportunity","title":{"rendered":"The Trading Strategy Nearly Everyone Missed During the GameStop Opportunity"},"content":{"rendered":"

In this video, learn the surprisingly effective trading strategy nearly everyone missed during the GameStop opportunity. See a firm prop trader and me recap a simple, effective, and thoughtful trading strategy that you can use to help grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn the surprisingly<\/div>\n<\/div>\n<\/div>\n
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effective trading strategy nearly<\/div>\n<\/div>\n<\/div>\n
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everyone missed during the gamestop<\/div>\n<\/div>\n<\/div>\n
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opportunity hi i’m mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of smb capital<\/div>\n<\/div>\n<\/div>\n
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and we’re a proprietary trading firm<\/div>\n<\/div>\n<\/div>\n
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located in midtown manhattan and i’m<\/div>\n<\/div>\n<\/div>\n
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also the office of the trading classic<\/div>\n<\/div>\n<\/div>\n
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one good trade<\/div>\n<\/div>\n<\/div>\n
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and the playbook in this video see a<\/div>\n<\/div>\n<\/div>\n
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firm prop trader and me recap a simple<\/div>\n<\/div>\n<\/div>\n
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effective and thoughtful trading<\/div>\n<\/div>\n<\/div>\n
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strategy that you can use<\/div>\n<\/div>\n<\/div>\n
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to help grow your trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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this was a trade i took back during all<\/div>\n<\/div>\n<\/div>\n
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the game stop<\/div>\n<\/div>\n<\/div>\n
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kind of madness and this was a inverse<\/div>\n<\/div>\n<\/div>\n
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correlation trade<\/div>\n<\/div>\n<\/div>\n
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uh between like the short interest names<\/div>\n<\/div>\n<\/div>\n
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and the overall market<\/div>\n<\/div>\n<\/div>\n
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and i use spy as my vehicle for the<\/div>\n<\/div>\n<\/div>\n
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overall market<\/div>\n<\/div>\n<\/div>\n
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and then gme for the short interest<\/div>\n<\/div>\n<\/div>\n
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names as that was the leader and kind of<\/div>\n<\/div>\n<\/div>\n
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the hottest story at the time<\/div>\n<\/div>\n<\/div>\n
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so sam are you shorting are you shorting<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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are you trading spy are you trading gma<\/div>\n<\/div>\n<\/div>\n
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i’m trading uh spy<\/div>\n<\/div>\n<\/div>\n
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based off of gme okay got it<\/div>\n<\/div>\n<\/div>\n
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and so back when uh all these targeted<\/div>\n<\/div>\n<\/div>\n
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short squeeze on<\/div>\n<\/div>\n<\/div>\n
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high interest stocks it really left<\/div>\n<\/div>\n<\/div>\n
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some of these major headphones with<\/div>\n<\/div>\n<\/div>\n
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three different scenarios<\/div>\n<\/div>\n<\/div>\n
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first one would be to ultimately cover<\/div>\n<\/div>\n<\/div>\n
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their short which would lead to massive<\/div>\n<\/div>\n<\/div>\n
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loss<\/div>\n<\/div>\n<\/div>\n
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and pretty much lose their hedge as uh<\/div>\n<\/div>\n<\/div>\n
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most of their shorts were some of these<\/div>\n<\/div>\n<\/div>\n
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high short interest names<\/div>\n<\/div>\n<\/div>\n
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so typically then they’re only a<\/div>\n<\/div>\n<\/div>\n
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long-only fund<\/div>\n<\/div>\n<\/div>\n
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so there’s really no edge then uh just<\/div>\n<\/div>\n<\/div>\n
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using like a mutual fund in a way<\/div>\n<\/div>\n<\/div>\n
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and then the other option would be<\/div>\n<\/div>\n<\/div>\n
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protect their shorts<\/div>\n<\/div>\n<\/div>\n
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using like options and derivatives but<\/div>\n<\/div>\n<\/div>\n
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this is super expensive so this is going<\/div>\n<\/div>\n<\/div>\n
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to significantly drag down their returns<\/div>\n<\/div>\n<\/div>\n
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as well as just be kind of like a big<\/div>\n<\/div>\n<\/div>\n
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cash hole in their pockets<\/div>\n<\/div>\n<\/div>\n
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and then the last option which is pretty<\/div>\n<\/div>\n<\/div>\n
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much my main focus<\/div>\n<\/div>\n<\/div>\n
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of this trade is to raise cash and<\/div>\n<\/div>\n<\/div>\n
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they you could use outside investors<\/div>\n<\/div>\n<\/div>\n
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but really the best way to do this is to<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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sell some of their best positions<\/div>\n<\/div>\n<\/div>\n
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ultimately to finance the drawdown<\/div>\n<\/div>\n<\/div>\n
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and then a stat a lot of people i’ve<\/div>\n<\/div>\n<\/div>\n
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been talking about<\/div>\n<\/div>\n<\/div>\n
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after uh kind of that two-week period<\/div>\n<\/div>\n<\/div>\n
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with the short interest names<\/div>\n<\/div>\n<\/div>\n
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was this var or value at risk<\/div>\n<\/div>\n<\/div>\n
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and then you can look at this graph and<\/div>\n<\/div>\n<\/div>\n
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you can see when<\/div>\n<\/div>\n<\/div>\n
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all these short interest names started<\/div>\n<\/div>\n<\/div>\n
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to squeeze uh<\/div>\n<\/div>\n<\/div>\n
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the var had a huge shock hitting 10<\/div>\n<\/div>\n<\/div>\n
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in both directions and uh var is just a<\/div>\n<\/div>\n<\/div>\n
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metric to calculate potential losses<\/div>\n<\/div>\n<\/div>\n
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within the long<\/div>\n<\/div>\n<\/div>\n
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short portfolio and that’s based on<\/div>\n<\/div>\n<\/div>\n
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historical<\/div>\n<\/div>\n<\/div>\n
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price movements so you could see<\/div>\n<\/div>\n<\/div>\n
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this spiked right around the same time<\/div>\n<\/div>\n<\/div>\n
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gme was at<\/div>\n<\/div>\n<\/div>\n
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300 400 500 so it’s kind of calculating<\/div>\n<\/div>\n<\/div>\n
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risk<\/div>\n<\/div>\n<\/div>\n
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based off of those past movements<\/div>\n<\/div>\n<\/div>\n
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and then another thing was in their in<\/div>\n<\/div>\n<\/div>\n
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their portfolio a lot of these shorts<\/div>\n<\/div>\n<\/div>\n
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were outperforming their longs so<\/div>\n<\/div>\n<\/div>\n
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really their hedge was just kind of<\/div>\n<\/div>\n<\/div>\n
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destroyed in that term<\/div>\n<\/div>\n<\/div>\n
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where they’re losing money essentially<\/div>\n<\/div>\n<\/div>\n
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on both sides<\/div>\n<\/div>\n<\/div>\n
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and then just another stat was the<\/div>\n<\/div>\n<\/div>\n
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volatility doubled in 50 stocks in the<\/div>\n<\/div>\n<\/div>\n
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russell 300.<\/div>\n<\/div>\n<\/div>\n
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and then going off of that last point i<\/div>\n<\/div>\n<\/div>\n
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touched on<\/div>\n<\/div>\n<\/div>\n
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regarding uh like raising cash by<\/div>\n<\/div>\n<\/div>\n
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selling positions<\/div>\n<\/div>\n<\/div>\n
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uh another term for that is just<\/div>\n<\/div>\n<\/div>\n
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deleveraging<\/div>\n<\/div>\n<\/div>\n
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and we saw this on a mass scale<\/div>\n<\/div>\n<\/div>\n
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so a lot of these funds that were under<\/div>\n<\/div>\n<\/div>\n
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pressure were forced to counter their<\/div>\n<\/div>\n<\/div>\n
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losses<\/div>\n<\/div>\n<\/div>\n
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and to do that they really just had to<\/div>\n<\/div>\n<\/div>\n
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reduce their gross exposure across the<\/div>\n<\/div>\n<\/div>\n
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board<\/div>\n<\/div>\n<\/div>\n
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which pretty much means just selling<\/div>\n<\/div>\n<\/div>\n
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their longs and covering their shorts<\/div>\n<\/div>\n<\/div>\n
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and the markets they mainly focused on<\/div>\n<\/div>\n<\/div>\n
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doing this were leaders<\/div>\n<\/div>\n<\/div>\n
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but the most important part was very<\/div>\n<\/div>\n<\/div>\n
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highly<\/div>\n<\/div>\n<\/div>\n
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liquid names such as apple amazon and<\/div>\n<\/div>\n<\/div>\n
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spy<\/div>\n<\/div>\n<\/div>\n
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and this graph illustrates that pretty<\/div>\n<\/div>\n<\/div>\n
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well where<\/div>\n<\/div>\n<\/div>\n
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it kind of shows so these are the most<\/div>\n<\/div>\n<\/div>\n
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shorted names on the top<\/div>\n<\/div>\n<\/div>\n
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and then this is uh the goldman sachs<\/div>\n<\/div>\n<\/div>\n
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vip<\/div>\n<\/div>\n<\/div>\n
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holding which is uh a lot of the hedge<\/div>\n<\/div>\n<\/div>\n
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funds<\/div>\n<\/div>\n<\/div>\n
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major holdings you gotta ask and and i<\/div>\n<\/div>\n<\/div>\n
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don’t think there’s a right answer to<\/div>\n<\/div>\n<\/div>\n
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this but<\/div>\n<\/div>\n<\/div>\n
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i’m curious so you’re doing something<\/div>\n<\/div>\n<\/div>\n
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super sophisticated here right yeah<\/div>\n<\/div>\n<\/div>\n
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i mean you are two steps ahead of what<\/div>\n<\/div>\n<\/div>\n
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most people are thinking about<\/div>\n<\/div>\n<\/div>\n
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at this time who are trading gme and am<\/div>\n<\/div>\n<\/div>\n
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amc<\/div>\n<\/div>\n<\/div>\n
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and triple b y uh<\/div>\n<\/div>\n<\/div>\n
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and nakd and and all of those runners<\/div>\n<\/div>\n<\/div>\n
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which is your saying i’m not going to<\/div>\n<\/div>\n<\/div>\n
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play in that space<\/div>\n<\/div>\n<\/div>\n
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because it’s too volatile but there<\/div>\n<\/div>\n<\/div>\n
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should be overall selling in the in the<\/div>\n<\/div>\n<\/div>\n
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market<\/div>\n<\/div>\n<\/div>\n
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because sophisticated hedge funds need<\/div>\n<\/div>\n<\/div>\n
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to raise capital<\/div>\n<\/div>\n<\/div>\n
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and so i think some of these liquid<\/div>\n<\/div>\n<\/div>\n
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names are going to get sold off<\/div>\n<\/div>\n<\/div>\n
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um so i i and and your thought process<\/div>\n<\/div>\n<\/div>\n
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is super sophisticated so<\/div>\n<\/div>\n<\/div>\n
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really well done there and i love<\/div>\n<\/div>\n<\/div>\n
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i love how you’re thinking through this<\/div>\n<\/div>\n<\/div>\n
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so i’m in no way<\/div>\n<\/div>\n<\/div>\n
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discouraging you from doing this<\/div>\n<\/div>\n<\/div>\n
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huge huge applause for me for thinking<\/div>\n<\/div>\n<\/div>\n
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through this<\/div>\n<\/div>\n<\/div>\n
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and my sense is if you’re going to think<\/div>\n<\/div>\n<\/div>\n
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through<\/div>\n<\/div>\n<\/div>\n
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other trades like this there’s going to<\/div>\n<\/div>\n<\/div>\n
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be some super trades you make going<\/div>\n<\/div>\n<\/div>\n
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forward<\/div>\n<\/div>\n<\/div>\n
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really really well done in this case i<\/div>\n<\/div>\n<\/div>\n
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just wonder and i wonder if you thought<\/div>\n<\/div>\n<\/div>\n
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about this<\/div>\n<\/div>\n<\/div>\n
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because gme and amc and<\/div>\n<\/div>\n<\/div>\n
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triple b y were so in play<\/div>\n<\/div>\n<\/div>\n
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was it worth it for you to be so<\/div>\n<\/div>\n<\/div>\n
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sophisticated to be so savvy<\/div>\n<\/div>\n<\/div>\n
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and play your game<\/div>\n<\/div>\n<\/div>\n
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looking for some of these liquid names<\/div>\n<\/div>\n<\/div>\n
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to sell off as opposed to<\/div>\n<\/div>\n<\/div>\n
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just looking for the easier trades in<\/div>\n<\/div>\n<\/div>\n
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the gmes the triple b wise the amcs etc<\/div>\n<\/div>\n<\/div>\n
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yeah so that was definitely something i<\/div>\n<\/div>\n<\/div>\n
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was thinking about<\/div>\n<\/div>\n<\/div>\n
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but in my trading style i’m more of a<\/div>\n<\/div>\n<\/div>\n
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mega cab trader<\/div>\n<\/div>\n<\/div>\n
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so just in terms of keeping my risk in<\/div>\n<\/div>\n<\/div>\n
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check<\/div>\n<\/div>\n<\/div>\n
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and also cost wise not having to pay for<\/div>\n<\/div>\n<\/div>\n
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expensive locates<\/div>\n<\/div>\n<\/div>\n
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and let’s say i take a scratch on the<\/div>\n<\/div>\n<\/div>\n
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trade i have to relocate these shares<\/div>\n<\/div>\n<\/div>\n
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for<\/div>\n<\/div>\n<\/div>\n
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really expensive so for me i wanted to<\/div>\n<\/div>\n<\/div>\n
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first like just attack the the market<\/div>\n<\/div>\n<\/div>\n
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i’m most comfortable trading<\/div>\n<\/div>\n<\/div>\n
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and then second just keep my costs low<\/div>\n<\/div>\n<\/div>\n
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so those are pretty much the two main<\/div>\n<\/div>\n<\/div>\n
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reasons why i chose spy<\/div>\n<\/div>\n<\/div>\n
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rather than trading uh some of these<\/div>\n<\/div>\n<\/div>\n
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other names which<\/div>\n<\/div>\n<\/div>\n
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definitely offered a better return in<\/div>\n<\/div>\n<\/div>\n
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terms of like points<\/div>\n<\/div>\n<\/div>\n
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and uh just overall movement i mean so<\/div>\n<\/div>\n<\/div>\n
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looking back at it now<\/div>\n<\/div>\n<\/div>\n
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do you think that was the best decision<\/div>\n<\/div>\n<\/div>\n
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for you i mean do you think it was<\/div>\n<\/div>\n<\/div>\n
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better for you<\/div>\n<\/div>\n<\/div>\n
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i mean obviously costs would have been<\/div>\n<\/div>\n<\/div>\n
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covered<\/div>\n<\/div>\n<\/div>\n
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by getting on the right side of any of<\/div>\n<\/div>\n<\/div>\n
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those stocks<\/div>\n<\/div>\n<\/div>\n
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you know so there was yeah there was<\/div>\n<\/div>\n<\/div>\n
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more costs but there was much more<\/div>\n<\/div>\n<\/div>\n
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reward<\/div>\n<\/div>\n<\/div>\n
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and then secondly all right this isn’t<\/div>\n<\/div>\n<\/div>\n
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your game<\/div>\n<\/div>\n<\/div>\n
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but this other game is so opportunistic<\/div>\n<\/div>\n<\/div>\n
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that even if i don’t play this game that<\/div>\n<\/div>\n<\/div>\n
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well<\/div>\n<\/div>\n<\/div>\n
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maybe it still offers more opportunity<\/div>\n<\/div>\n<\/div>\n
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and i’m not in any way suggesting this<\/div>\n<\/div>\n<\/div>\n
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is the right answer i just want you to<\/div>\n<\/div>\n<\/div>\n
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be thinking about this<\/div>\n<\/div>\n<\/div>\n
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there maybe there was more opportunity i<\/div>\n<\/div>\n<\/div>\n
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even playing a game i’m not as good at<\/div>\n<\/div>\n<\/div>\n
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than my primary game yeah definitely<\/div>\n<\/div>\n<\/div>\n
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i’m wondering if you’ve come back and<\/div>\n<\/div>\n<\/div>\n
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think about that i mean do you<\/div>\n<\/div>\n<\/div>\n
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do you feel like no this is where you<\/div>\n<\/div>\n<\/div>\n
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should play it or do you feel like<\/div>\n<\/div>\n<\/div>\n
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maybe i should have swam and and some<\/div>\n<\/div>\n<\/div>\n
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different waters for me<\/div>\n<\/div>\n<\/div>\n
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tried it out because there was just so<\/div>\n<\/div>\n<\/div>\n
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much opportunity and look we spent a lot<\/div>\n<\/div>\n<\/div>\n
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of time saying<\/div>\n<\/div>\n<\/div>\n
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let’s do what we do best play play your<\/div>\n<\/div>\n<\/div>\n
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game<\/div>\n<\/div>\n<\/div>\n
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trade your playbook but there are times<\/div>\n<\/div>\n<\/div>\n
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when<\/div>\n<\/div>\n<\/div>\n
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there’s so much opportunity in other<\/div>\n<\/div>\n<\/div>\n
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stocks that what you can do<\/div>\n<\/div>\n<\/div>\n
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is just wait for the easiest trades<\/div>\n<\/div>\n<\/div>\n
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in the gmes the amc’s and the triple b<\/div>\n<\/div>\n<\/div>\n
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wise<\/div>\n<\/div>\n<\/div>\n
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feel a little bit uncomfortable but<\/div>\n<\/div>\n<\/div>\n
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there’s just too much opportunity to<\/div>\n<\/div>\n<\/div>\n
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ignore it does that make sense<\/div>\n<\/div>\n<\/div>\n
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i mean these are special opportunities<\/div>\n<\/div>\n<\/div>\n
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these are special opportunities and so<\/div>\n<\/div>\n<\/div>\n
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you know when these special<\/div>\n<\/div>\n<\/div>\n
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opportunities come<\/div>\n<\/div>\n<\/div>\n
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does it make sense for me to switch over<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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and gain some exposure and try it and<\/div>\n<\/div>\n<\/div>\n
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maybe it doesn’t have to be<\/div>\n<\/div>\n<\/div>\n
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an either or maybe it can be i’ll spend<\/div>\n<\/div>\n<\/div>\n
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a majority of my time shorting some of<\/div>\n<\/div>\n<\/div>\n
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the large caps<\/div>\n<\/div>\n<\/div>\n
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but i’m gonna spend some of my time also<\/div>\n<\/div>\n<\/div>\n
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trying to trade<\/div>\n<\/div>\n<\/div>\n
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these special opportunities that are<\/div>\n<\/div>\n<\/div>\n
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super in play i mean nothing has been as<\/div>\n<\/div>\n<\/div>\n
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in play as<\/div>\n<\/div>\n<\/div>\n
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gma that we’ve seen in markets in the<\/div>\n<\/div>\n<\/div>\n
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last 18 months right<\/div>\n<\/div>\n<\/div>\n
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yeah and you know we could see the<\/div>\n<\/div>\n<\/div>\n
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backside getting put in below<\/div>\n<\/div>\n<\/div>\n
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260. and today it’s trading at<\/div>\n<\/div>\n<\/div>\n
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under 60. it’s it’s near 50 now so<\/div>\n<\/div>\n<\/div>\n
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anyway i wonder if you thought about<\/div>\n<\/div>\n<\/div>\n
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that yeah yeah i mean<\/div>\n<\/div>\n<\/div>\n
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that’s definitely a great point and and<\/div>\n<\/div>\n<\/div>\n
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while i’m still<\/div>\n<\/div>\n<\/div>\n
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pretty young in my trading career<\/div>\n<\/div>\n<\/div>\n
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definitely would have been worth at<\/div>\n<\/div>\n<\/div>\n
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least putting a little bit of risk on<\/div>\n<\/div>\n<\/div>\n
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some of the super in play names and uh<\/div>\n<\/div>\n<\/div>\n
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get out of my comfort zone a little bit<\/div>\n<\/div>\n<\/div>\n
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and then i at least know if uh that<\/div>\n<\/div>\n<\/div>\n
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market was<\/div>\n<\/div>\n<\/div>\n
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right for me at the time and let’s say i<\/div>\n<\/div>\n<\/div>\n
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get blown out then i can just go back to<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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apple and some of those other names i<\/div>\n<\/div>\n<\/div>\n
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was trading if you want to learn<\/div>\n<\/div>\n<\/div>\n
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three more real world setups that our<\/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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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
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free intensive workshop<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education<\/div>\n<\/div>\n<\/div>\n
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but uh going forward uh these were just<\/div>\n<\/div>\n<\/div>\n
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two<\/div>\n<\/div>\n<\/div>\n
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notes from goldman sachs i found pretty<\/div>\n<\/div>\n<\/div>\n
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interesting<\/div>\n<\/div>\n<\/div>\n
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kind of uh related to this mass<\/div>\n<\/div>\n<\/div>\n
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deleveraging<\/div>\n<\/div>\n<\/div>\n
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so the first one was last week we saw<\/div>\n<\/div>\n<\/div>\n
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the largest active hedge fund<\/div>\n<\/div>\n<\/div>\n
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deleveraging<\/div>\n<\/div>\n<\/div>\n
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since february 2009 which is uh<\/div>\n<\/div>\n<\/div>\n
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really significant as 2009 as everyone<\/div>\n<\/div>\n<\/div>\n
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knows is a pretty messy year<\/div>\n<\/div>\n<\/div>\n
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and then lastly uh hedge funds last week<\/div>\n<\/div>\n<\/div>\n
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bought and sold<\/div>\n<\/div>\n<\/div>\n
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the most stock in a more than 10 years<\/div>\n<\/div>\n<\/div>\n
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uh for that week period<\/div>\n<\/div>\n<\/div>\n
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which also just shows uh how this<\/div>\n<\/div>\n<\/div>\n
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how these short squeezes really affected<\/div>\n<\/div>\n<\/div>\n
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the hedge funds on a uh<\/div>\n<\/div>\n<\/div>\n
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on a major scale so now going<\/div>\n<\/div>\n<\/div>\n
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forward this was uh<\/div>\n<\/div>\n<\/div>\n
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another graph showing the inverse<\/div>\n<\/div>\n<\/div>\n
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relationship<\/div>\n<\/div>\n<\/div>\n
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uh so pretty similar to that last graph<\/div>\n<\/div>\n<\/div>\n
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but you can see<\/div>\n<\/div>\n<\/div>\n
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this one red is gamestop and then<\/div>\n<\/div>\n<\/div>\n
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gs is uh that same<\/div>\n<\/div>\n<\/div>\n
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here going back<\/div>\n<\/div>\n<\/div>\n
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is that is this same uh kind of etf<\/div>\n<\/div>\n<\/div>\n
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following those<\/div>\n<\/div>\n<\/div>\n
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most uh kind of the favorite overall<\/div>\n<\/div>\n<\/div>\n
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favorite hedge fund names and that’s an<\/div>\n<\/div>\n<\/div>\n
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inverse graph so you can see<\/div>\n<\/div>\n<\/div>\n
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i mean it’s almost perfectly correlated<\/div>\n<\/div>\n<\/div>\n
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whenever<\/div>\n<\/div>\n<\/div>\n
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gme squeezed we also saw mass selling in<\/div>\n<\/div>\n<\/div>\n
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a lot of these names<\/div>\n<\/div>\n<\/div>\n
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and uh it was pretty interesting we saw<\/div>\n<\/div>\n<\/div>\n
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this in the vix<\/div>\n<\/div>\n<\/div>\n
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as well so i was using the vix<\/div>\n<\/div>\n<\/div>\n
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along with spy to uh to monitor my trade<\/div>\n<\/div>\n<\/div>\n
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\n
and this inverse relationship offered a<\/div>\n<\/div>\n<\/div>\n
\n
\n
great<\/div>\n<\/div>\n<\/div>\n
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\n
leader lagger opportunity with gme as<\/div>\n<\/div>\n<\/div>\n
\n
\n
the leader in spy as the lagger<\/div>\n<\/div>\n<\/div>\n
\n
\n
so just in simple terms gme is going up<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s pretty much telling me a lot of<\/div>\n<\/div>\n<\/div>\n
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these funds have to<\/div>\n<\/div>\n<\/div>\n
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decrease their equity exposure so<\/div>\n<\/div>\n<\/div>\n
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ultimately<\/div>\n<\/div>\n<\/div>\n
\n
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short spy and then gme is going down<\/div>\n<\/div>\n<\/div>\n
\n
\n
funds are able to increase their equity<\/div>\n<\/div>\n<\/div>\n
\n
\n
exposure as they have<\/div>\n<\/div>\n<\/div>\n
\n
\n
more risk on the table and uh that’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
good opportunity<\/div>\n<\/div>\n<\/div>\n
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\n
to long spot super fascinating chart<\/div>\n<\/div>\n<\/div>\n
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\n
were you surprised even when you<\/div>\n<\/div>\n<\/div>\n
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\n
developed this theory were you surprised<\/div>\n<\/div>\n<\/div>\n
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how correlated they were<\/div>\n<\/div>\n<\/div>\n
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\n
oh yeah i i thought it was going to be<\/div>\n<\/div>\n<\/div>\n
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\n
somewhat correlated but<\/div>\n<\/div>\n<\/div>\n
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\n
i mean you can see it’s almost identical<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m super surprised by that wow<\/div>\n<\/div>\n<\/div>\n
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\n
and so these next two charts i’m going<\/div>\n<\/div>\n<\/div>\n
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\n
to show<\/div>\n<\/div>\n<\/div>\n
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\n
just kind of explains the relationship<\/div>\n<\/div>\n<\/div>\n
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\n
so this first chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
is showing when gme is positive and uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy negative and then the next chart<\/div>\n<\/div>\n<\/div>\n
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\n
i’ll show uh gme<\/div>\n<\/div>\n<\/div>\n
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\n
negative and spy positive so this is<\/div>\n<\/div>\n<\/div>\n
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\n
going back<\/div>\n<\/div>\n<\/div>\n
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\n
to that first squeeze after hours<\/div>\n<\/div>\n<\/div>\n
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\n
when we were at that 150 level and we<\/div>\n<\/div>\n<\/div>\n
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had that explosive<\/div>\n<\/div>\n<\/div>\n
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\n
move all the way up to 250 and you can<\/div>\n<\/div>\n<\/div>\n
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\n
see at that time<\/div>\n<\/div>\n<\/div>\n
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\n
really wasn’t too much movement in spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
as this was after hours and uh we<\/div>\n<\/div>\n<\/div>\n
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typically don’t see<\/div>\n<\/div>\n<\/div>\n
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\n
crazy price movements in the overall<\/div>\n<\/div>\n<\/div>\n
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market<\/div>\n<\/div>\n<\/div>\n
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uh right after the market closes but you<\/div>\n<\/div>\n<\/div>\n
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\n
can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this second squeeze from the 250<\/div>\n<\/div>\n<\/div>\n
\n
\n
up to this 365 this is when uh the<\/div>\n<\/div>\n<\/div>\n
\n
\n
correlation play really started to come<\/div>\n<\/div>\n<\/div>\n
\n
\n
in play<\/div>\n<\/div>\n<\/div>\n
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\n
so you can see spy sold off five points<\/div>\n<\/div>\n<\/div>\n
\n
\n
while gme<\/div>\n<\/div>\n<\/div>\n
\n
\n
gained 100 points and then gme was just<\/div>\n<\/div>\n<\/div>\n
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\n
consolidating holding above this 300<\/div>\n<\/div>\n<\/div>\n
\n
\n
level and ended up closing above 300<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh that was pretty key in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
options market<\/div>\n<\/div>\n<\/div>\n
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\n
so you can see at the end of the day as<\/div>\n<\/div>\n<\/div>\n
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\n
uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme was holding above this 300 level and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was looking like it was going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
close 300<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we had uh this little spike into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
close<\/div>\n<\/div>\n<\/div>\n
\n
\n
was the correlation the same for the q’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah but the queue is offered pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
good opportunity but it’s just it’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
as liquid so a lot of the selling was<\/div>\n<\/div>\n<\/div>\n
\n
\n
mainly in<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy i would say so cues definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
followed path<\/div>\n<\/div>\n<\/div>\n
\n
\n
but spy just was a little cleaner in my<\/div>\n<\/div>\n<\/div>\n
\n
\n
opinion<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and then lastly uh spy’s super<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakened at the close so another<\/div>\n<\/div>\n<\/div>\n
\n
\n
10 points and that’s a 15 point move<\/div>\n<\/div>\n<\/div>\n
\n
\n
off of all-time highs which is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty significant move in spy as atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
really i think it’s around like three or<\/div>\n<\/div>\n<\/div>\n
\n
\n
four<\/div>\n<\/div>\n<\/div>\n
\n
\n
not not nearly 15 points<\/div>\n<\/div>\n<\/div>\n
\n
\n
i gotta say sam i’m just blown away by<\/div>\n<\/div>\n<\/div>\n
\n
\n
the correlation there<\/div>\n<\/div>\n<\/div>\n
\n
\n
i know we were whispering this while<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was going on<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh but boy is that an incredible<\/div>\n<\/div>\n<\/div>\n
\n
\n
correlation<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah looking back on this making the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the presentation i really wish i<\/div>\n<\/div>\n<\/div>\n
\n
\n
attacked this setup a lot more because<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost every day during that like week<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a half span<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was just super easy setups where<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme is breaking down<\/div>\n<\/div>\n<\/div>\n
\n
\n
spies lagging by like 30 seconds a<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute so you could have gotten really<\/div>\n<\/div>\n<\/div>\n
\n
\n
big size in that period<\/div>\n<\/div>\n<\/div>\n
\n
\n
100 100 there yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
wow what a find okay great all right so<\/div>\n<\/div>\n<\/div>\n
\n
\n
this lastly is showing<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh how spy is positive when gme is weak<\/div>\n<\/div>\n<\/div>\n
\n
\n
so a lot of this was started after the<\/div>\n<\/div>\n<\/div>\n
\n
\n
robin hood halt<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we had that last squeeze up to 500 in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
robin hood came came out and halted uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
or not really halt it yeah they halted<\/div>\n<\/div>\n<\/div>\n
\n
\n
you could only sell positions at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see that was very positive<\/div>\n<\/div>\n<\/div>\n
\n
\n
for spy we ended up<\/div>\n<\/div>\n<\/div>\n
\n
\n
just in the pre-market we gained around<\/div>\n<\/div>\n<\/div>\n
\n
\n
six points<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then off of the open as this<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakness continued<\/div>\n<\/div>\n<\/div>\n
\n
\n
and gme this spike didn’t really affect<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy too much<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it ultimately sold back off to 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
and spy rallied back<\/div>\n<\/div>\n<\/div>\n
\n
\n
up 12 points kind of near that all-time<\/div>\n<\/div>\n<\/div>\n
\n
\n
high period prior to uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
the steep sell-off and then robin hood<\/div>\n<\/div>\n<\/div>\n
\n
\n
resumed gme trading just with pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
small size<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that was kind of the catalyst a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of people were looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
for a potential squeeze again<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see when that news came out<\/div>\n<\/div>\n<\/div>\n
\n
\n
really really steep<\/div>\n<\/div>\n<\/div>\n
\n
\n
reaction and uh gme<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then around that same time we saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
really<\/div>\n<\/div>\n<\/div>\n
\n
\n
negative price action in spy and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
this i don’t want to go over this too<\/div>\n<\/div>\n<\/div>\n
\n
\n
much because this theme was just<\/div>\n<\/div>\n<\/div>\n
\n
\n
reappearing all over you can see even<\/div>\n<\/div>\n<\/div>\n
\n
\n
see at the close here<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little small bounce in gme leads to<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty steep selling in spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then this is kind of the turning<\/div>\n<\/div>\n<\/div>\n
\n
\n
point i identified this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
the day prior to my trade i believe but<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of this pre-market action where<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme was came off the highs came off this<\/div>\n<\/div>\n<\/div>\n
\n
\n
380 level pretty steeply and then on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open<\/div>\n<\/div>\n<\/div>\n
\n
\n
just pretty much limit down steep<\/div>\n<\/div>\n<\/div>\n
\n
\n
selling for the first 30 minutes back<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to this 200 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and at that same time that’s when spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
was kind of consolidating and then once<\/div>\n<\/div>\n<\/div>\n
\n
\n
that weakness was shown<\/div>\n<\/div>\n<\/div>\n
\n
\n
in gme spy ended up taking off and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is kind of that opportunity where<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy is lagging a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i actually bought a little bit in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this zone this isn’t the trade i’m going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to go over<\/div>\n<\/div>\n<\/div>\n
\n
\n
but this is a really great opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well where you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme is already down around like<\/div>\n<\/div>\n<\/div>\n
\n
\n
60 points and spy is still consolidating<\/div>\n<\/div>\n<\/div>\n
\n
\n
right in this pre-market range<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then this is kind of just that<\/div>\n<\/div>\n<\/div>\n
\n
\n
turning point where you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme starts to fade all day at the exact<\/div>\n<\/div>\n<\/div>\n
\n
\n
same time uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy’s up trending for the next two days<\/div>\n<\/div>\n<\/div>\n
\n
\n
i thought this was pretty interesting at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the exact same time<\/div>\n<\/div>\n<\/div>\n
\n
\n
gme hit a five day low at the 75<\/div>\n<\/div>\n<\/div>\n
\n
\n
while spy hit a five day high so that<\/div>\n<\/div>\n<\/div>\n
\n
\n
just<\/div>\n<\/div>\n<\/div>\n
\n
\n
really shows the correlation again<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now going into the trade i took<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was a great opportunity so this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
following a lot of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the madness and a little cool off period<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we had a two-day consolidation zone<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the left side and gme on the right<\/div>\n<\/div>\n<\/div>\n
\n
\n
side<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can just see how how nicely these<\/div>\n<\/div>\n<\/div>\n
\n
\n
charts<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh pair like if i were to just flip this<\/div>\n<\/div>\n<\/div>\n
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\n
inverse it’d look<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost the exact same so coming into<\/div>\n<\/div>\n<\/div>\n
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this i<\/div>\n<\/div>\n<\/div>\n
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\n
spotted kind of an if then trade with<\/div>\n<\/div>\n<\/div>\n
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spy as<\/div>\n<\/div>\n<\/div>\n
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\n
my uh my vehicle and gme as the driver<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so just going into the setup it’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
simple consolidation breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
which you can see we have really nice<\/div>\n<\/div>\n<\/div>\n
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\n
range in both of these so it’s going to<\/div>\n<\/div>\n<\/div>\n
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be<\/div>\n<\/div>\n<\/div>\n
\n
\n
really clear to spot when that breakouts<\/div>\n<\/div>\n<\/div>\n
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\n
happen<\/div>\n<\/div>\n<\/div>\n
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\n
happens the driver is the inverse<\/div>\n<\/div>\n<\/div>\n
\n
\n
correlation and just the trading plan<\/div>\n<\/div>\n<\/div>\n
\n
\n
is to get long spy if gme breaks down<\/div>\n<\/div>\n<\/div>\n
\n
\n
from this consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
with significant volume and starts to<\/div>\n<\/div>\n<\/div>\n
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hold below this 80<\/div>\n<\/div>\n<\/div>\n
\n
\n
level which is pretty much the low the<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
this hundred dollar level is pretty key<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s what i was watching as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but on the flip side if gme started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
gain strength in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation period which a really<\/div>\n<\/div>\n<\/div>\n
\n
\n
wasn’t looking for that much because at<\/div>\n<\/div>\n<\/div>\n
\n
\n
this point<\/div>\n<\/div>\n<\/div>\n
\n
\n
the story was pretty much dead this<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing was most likely gonna fade<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i wanted to keep the opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
open just in case<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it was too short spy if we saw<\/div>\n<\/div>\n<\/div>\n
\n
\n
a breakout above this 120 with volume in<\/div>\n<\/div>\n<\/div>\n
\n
\n
a<\/div>\n<\/div>\n<\/div>\n
\n
\n
sustained move back up to this like 200<\/div>\n<\/div>\n<\/div>\n
\n
\n
level then i would uh short spy on a<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown of this consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now going into my trade this is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the following day<\/div>\n<\/div>\n<\/div>\n
\n
\n
so going back this was kind of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation period i was looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so firstly right off the open in gme<\/div>\n<\/div>\n<\/div>\n
\n
\n
we just saw super steep selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then right in this period is when i<\/div>\n<\/div>\n<\/div>\n
\n
\n
got involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
so yeah it looks like i was using this<\/div>\n<\/div>\n<\/div>\n
\n
\n
85 actually which was<\/div>\n<\/div>\n<\/div>\n
\n
\n
the previous day’s low as well as pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
key support in the pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then going to spy i was using<\/div>\n<\/div>\n<\/div>\n
\n
\n
yesterday’s high<\/div>\n<\/div>\n<\/div>\n
\n
\n
as the level to get involved in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so once we were holding down we saw the<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume come in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the open saw this weakness and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
we started to consolidate a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
below this 85 level which was the<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation i was looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that really confirmed my bias to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get long spy so you’ll see how my<\/div>\n<\/div>\n<\/div>\n
\n
\n
executions i actually bought a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
right off of the open just feeler size<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then<\/div>\n<\/div>\n<\/div>\n
\n
\n
once the trade started to prove itself<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
i got pretty big right at this why high<\/div>\n<\/div>\n<\/div>\n
\n
\n
area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then just seeing gme continue to<\/div>\n<\/div>\n<\/div>\n
\n
\n
fade all day was<\/div>\n<\/div>\n<\/div>\n
\n
\n
just multiple checks in my favor and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can see it<\/div>\n<\/div>\n<\/div>\n
\n
\n
even the last minute we had just an<\/div>\n<\/div>\n<\/div>\n
\n
\n
explosive move in spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
so just get going off of this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
honestly one of the easier trades i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
taken just with how how clean the setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
was<\/div>\n<\/div>\n<\/div>\n
\n
\n
and how it followed my plan almost to a<\/div>\n<\/div>\n<\/div>\n
\n
\n
t<\/div>\n<\/div>\n<\/div>\n
\n
\n
so going into my executions you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
i bought<\/div>\n<\/div>\n<\/div>\n
\n
\n
my first tier just pretty much right off<\/div>\n<\/div>\n<\/div>\n
\n
\n
the open i think it was after the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
three or four minutes in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation and i was just risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
this off of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty nice pre-market support we had<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh if that broke down i probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
would have<\/div>\n<\/div>\n<\/div>\n
\n
\n
looked to buy some more size lower but<\/div>\n<\/div>\n<\/div>\n
\n
\n
just tier one i was risking against<\/div>\n<\/div>\n<\/div>\n
\n
\n
these lows so i was able to get pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
tight risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
but off of this why high level was when<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i really started to get involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we had this breakout above why high<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this retest<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then in this little consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
right in this period<\/div>\n<\/div>\n<\/div>\n
\n
\n
is where i ended up getting most of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
size for the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh prior to that i took a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
off at this<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous y high level just to cover some<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk it wasn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
really significant size as i kind of had<\/div>\n<\/div>\n<\/div>\n
\n
\n
a longer<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis for this trade i took off another<\/div>\n<\/div>\n<\/div>\n
\n
\n
piece<\/div>\n<\/div>\n<\/div>\n
\n
\n
during this consolidation as you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
the volume just dried up<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i wanted to lock in a little bit of<\/div>\n<\/div>\n<\/div>\n
\n
\n
profits but uh also<\/div>\n<\/div>\n<\/div>\n
\n
\n
still be in the trade and look for<\/div>\n<\/div>\n<\/div>\n
\n
\n
another place to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the other place to add was this 385<\/div>\n<\/div>\n<\/div>\n
\n
\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a previous swing high and we’re in<\/div>\n<\/div>\n<\/div>\n
\n
\n
this consolidation zone for a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i got pretty aggressive here as gme<\/div>\n<\/div>\n<\/div>\n
\n
\n
continued to fade and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was pretty much closing at low day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we also had a<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pretty pretty big buying balance this<\/div>\n<\/div>\n<\/div>\n
\n
\n
day<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i ended up getting another size kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of front running the buying balance<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i had some limits set at this<\/div>\n<\/div>\n<\/div>\n
\n
\n
386 level i took<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little piece off at 380 550<\/div>\n<\/div>\n<\/div>\n
\n
\n
which in hindsight i i definitely regret<\/div>\n<\/div>\n<\/div>\n
\n
\n
as this was breaking out consolidation i<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty much<\/div>\n<\/div>\n<\/div>\n
\n
\n
took it off right before uh the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
was working<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i didn’t feel too comfortable<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding that big of a core<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the after hours so i definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to take some profits there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i got my last exit at this 386 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now just going into uh the recap of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh is definitely a great edge in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
finding a recurring pattern uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of my best trade setups are based<\/div>\n<\/div>\n<\/div>\n
\n
\n
off of kind of these correlation<\/div>\n<\/div>\n<\/div>\n
\n
\n
patterns<\/div>\n<\/div>\n<\/div>\n
\n
\n
so so definitely going to keep kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
diving into<\/div>\n<\/div>\n<\/div>\n
\n
\n
other possible opportunities in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
future i’m seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
a real strength of yours<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that’s just blaring at me which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve got all these people who are so<\/div>\n<\/div>\n<\/div>\n
\n
\n
hyped up<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be trading the gamestop opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
right<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and like it’s like everyone’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this feeding frenzy after<\/div>\n<\/div>\n<\/div>\n
\n
\n
the big trade and that and and i see you<\/div>\n<\/div>\n<\/div>\n
\n
\n
very calmly very thoughtfully<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking a step back and saying<\/div>\n<\/div>\n<\/div>\n
\n
\n
where’s the easier money where’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
the the better trade for me<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know how do i uh express<\/div>\n<\/div>\n<\/div>\n
\n
\n
what’s going on here in in a way that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it isn’t so fast<\/div>\n<\/div>\n<\/div>\n
\n
\n
but is is a little bit more thoughtful<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i see<\/div>\n<\/div>\n<\/div>\n
\n
\n
that being a strength that can be<\/div>\n<\/div>\n<\/div>\n
\n
\n
applied to<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of different types of<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunities not just in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
gamestop opportunity for instance you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know right now the what’s the<\/div>\n<\/div>\n<\/div>\n
\n
\n
what’s the big frenzy what’s everybody<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about right now like it’s like<\/div>\n<\/div>\n<\/div>\n
\n
\n
cnbc has gone from<\/div>\n<\/div>\n<\/div>\n
\n
\n
24 7 talking about game stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you know the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the the central media has gone from 24 7<\/div>\n<\/div>\n<\/div>\n
\n
\n
talking about gamestop<\/div>\n<\/div>\n<\/div>\n
\n
\n
to talking about what right now bitcoin<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and so is there another way where<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
take a step back thoughtfully graham is<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing this a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
thoughtfully find a way to use your<\/div>\n<\/div>\n<\/div>\n
\n
\n
strengths<\/div>\n<\/div>\n<\/div>\n
\n
\n
to participate in this opportunity<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i suspect you don’t really like hit<\/div>\n<\/div>\n<\/div>\n
\n
\n
and run trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
as much as as maybe max does i think he<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably likes<\/div>\n<\/div>\n<\/div>\n
\n
\n
things that are steadier and slower if<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that is that an accurate statement<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah and so you’re applying to your<\/div>\n<\/div>\n<\/div>\n
\n
\n
strikes so<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that’s it’s really important to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
that as a strength and i see you being<\/div>\n<\/div>\n<\/div>\n
\n
\n
able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
apply that to lots of different types of<\/div>\n<\/div>\n<\/div>\n
\n
\n
traits<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know the spax are pretty hot as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
the marijuana stocks are are super<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
right now are there some lesser-known<\/div>\n<\/div>\n<\/div>\n
\n
\n
marijuana stocks right now<\/div>\n<\/div>\n<\/div>\n
\n
\n
that haven’t caught a bid yet that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
can go study<\/div>\n<\/div>\n<\/div>\n
\n
\n
that are going to catch a bid and and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can get in on them that’s a super<\/div>\n<\/div>\n<\/div>\n
\n
\n
effective way<\/div>\n<\/div>\n<\/div>\n
\n
\n
to attack trading definitely uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
i mean i mean right now with so many<\/div>\n<\/div>\n<\/div>\n
\n
\n
different markets being hot<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think you touched on graham with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bitcoin he does a great job<\/div>\n<\/div>\n<\/div>\n
\n
\n
treating riot and mara as kind of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
leader laggard<\/div>\n<\/div>\n<\/div>\n
\n
\n
correlation trade and that’s definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i want to dive into<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s also a good point with uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of these marijuana names<\/div>\n<\/div>\n<\/div>\n
\n
\n
as that’s kind of seems to be the next<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next hot store it<\/div>\n<\/div>\n<\/div>\n
\n
\n
i mean definitely has been the story<\/div>\n<\/div>\n<\/div>\n
\n
\n
this week and if that trend continues<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely worth looking into<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then going off of this uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is kind of what we touched on<\/div>\n<\/div>\n<\/div>\n
\n
\n
earlier for just getting a better return<\/div>\n<\/div>\n<\/div>\n
\n
\n
about you bringing up<\/div>\n<\/div>\n<\/div>\n
\n
\n
just trading gme rather than going<\/div>\n<\/div>\n<\/div>\n
\n
\n
through and trading spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh kind of on the flip side of that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at some of these<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh big names such as apple so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i could have went through and i kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
identified the sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the most relative strength or<\/div>\n<\/div>\n<\/div>\n
\n
\n
weakness at the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and let’s say that’s xlk or technology<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s leading in the pre-market first<\/div>\n<\/div>\n<\/div>\n
\n
\n
15 minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
just go through and find some of those<\/div>\n<\/div>\n<\/div>\n
\n
\n
most liquid and<\/div>\n<\/div>\n<\/div>\n
\n
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highest institutionally owned names so<\/div>\n<\/div>\n<\/div>\n
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apple would have been a great vehicle<\/div>\n<\/div>\n<\/div>\n
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for this i know this caught a pretty<\/div>\n<\/div>\n<\/div>\n
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nice bid that day as well<\/div>\n<\/div>\n<\/div>\n
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not nearly as strong as spy but uh<\/div>\n<\/div>\n<\/div>\n
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definitely something i was looking at<\/div>\n<\/div>\n<\/div>\n
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and then this trade also had great<\/div>\n<\/div>\n<\/div>\n
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overnight swing potential<\/div>\n<\/div>\n<\/div>\n
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because we ended up closing high a day<\/div>\n<\/div>\n<\/div>\n
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we ran<\/div>\n<\/div>\n<\/div>\n
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in the pre-market and then the next day<\/div>\n<\/div>\n<\/div>\n
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we also had<\/div>\n<\/div>\n<\/div>\n
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pretty much a vertical day so definitely<\/div>\n<\/div>\n<\/div>\n
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could have done a better job holding<\/div>\n<\/div>\n<\/div>\n
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a core and adding onto the position uh<\/div>\n<\/div>\n<\/div>\n
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in the pre-market or after hours that<\/div>\n<\/div>\n<\/div>\n
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following day<\/div>\n<\/div>\n<\/div>\n
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to have a pretty solid average price and<\/div>\n<\/div>\n<\/div>\n
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kind of continued to trade and then<\/div>\n<\/div>\n<\/div>\n
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the last thing i want to touch on is uh<\/div>\n<\/div>\n<\/div>\n
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just going back to this trade<\/div>\n<\/div>\n<\/div>\n
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it seems like everyone was super<\/div>\n<\/div>\n<\/div>\n
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interested on<\/div>\n<\/div>\n<\/div>\n
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the correlation to the short side so<\/div>\n<\/div>\n<\/div>\n
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i’ll just go back<\/div>\n<\/div>\n<\/div>\n
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to this uh i saw some stuff on twitter<\/div>\n<\/div>\n<\/div>\n
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about some people taking some of these<\/div>\n<\/div>\n<\/div>\n
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trades at the short side<\/div>\n<\/div>\n<\/div>\n
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but it didn’t really seem like anyone<\/div>\n<\/div>\n<\/div>\n
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was focused on<\/div>\n<\/div>\n<\/div>\n
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the long side of this trade for the the<\/div>\n<\/div>\n<\/div>\n
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correlation<\/div>\n<\/div>\n<\/div>\n
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which was a little iffy for me coming<\/div>\n<\/div>\n<\/div>\n
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into this trade setup but it ended up<\/div>\n<\/div>\n<\/div>\n
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working great so<\/div>\n<\/div>\n<\/div>\n
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i wanted to bring that up as well too so<\/div>\n<\/div>\n<\/div>\n
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to definitely look for<\/div>\n<\/div>\n<\/div>\n
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both long and short opportunities when<\/div>\n<\/div>\n<\/div>\n
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you have a correlation<\/div>\n<\/div>\n<\/div>\n
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and just not only be focused on uh<\/div>\n<\/div>\n<\/div>\n
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kind of spy breaking down if gme keeps<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
\n
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but yeah that’s all i have for you guys<\/div>\n<\/div>\n<\/div>\n
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if you have any questions oh we<\/div>\n<\/div>\n<\/div>\n
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appreciate that so<\/div>\n<\/div>\n<\/div>\n
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we’ve got a special guest with us right<\/div>\n<\/div>\n<\/div>\n
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now sam<\/div>\n<\/div>\n<\/div>\n
\n
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who would like to give you a little bit<\/div>\n<\/div>\n<\/div>\n
\n
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of feedback on this trade we got luke<\/div>\n<\/div>\n<\/div>\n
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bella fury<\/div>\n<\/div>\n<\/div>\n
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our special guest in the building today<\/div>\n<\/div>\n<\/div>\n
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and uh luke you have any feedback for<\/div>\n<\/div>\n<\/div>\n
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sam<\/div>\n<\/div>\n<\/div>\n
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um congratulations sam<\/div>\n<\/div>\n<\/div>\n
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thank you pretty good trade<\/div>\n<\/div>\n<\/div>\n
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luke when are you going to start trading<\/div>\n<\/div>\n<\/div>\n
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are you on the demo account<\/div>\n<\/div>\n<\/div>\n
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no<\/div>\n<\/div>\n<\/div>\n
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lucas is working on playing for the new<\/div>\n<\/div>\n<\/div>\n
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york yankees first<\/div>\n<\/div>\n<\/div>\n
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if he doesn’t play for the new york<\/div>\n<\/div>\n<\/div>\n
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yankees then then we’ll we’ll have some<\/div>\n<\/div>\n<\/div>\n
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trading to maybe fall back on<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
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button so you don’t miss any of the<\/div>\n<\/div>\n<\/div>\n
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videos they’re producing for you and the<\/div>\n<\/div>\n<\/div>\n
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trading community and please<\/div>\n<\/div>\n<\/div>\n
\n
\n
take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
\n
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the comment section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
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you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
\n
\n
video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
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train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn the surprisingly effective trading strategy nearly everyone missed during the GameStop opportunity. 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