{"id":50740,"date":"2021-04-05T12:14:20","date_gmt":"2021-04-05T16:14:20","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50740"},"modified":"2021-04-05T12:14:20","modified_gmt":"2021-04-05T16:14:20","slug":"the-secondary-trading-strategy-done-better","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-secondary-trading-strategy-done-better","title":{"rendered":"The Secondary Trading Strategy (done better)"},"content":{"rendered":"

In this video, learn The Secondary Trading Strategy done better. A firm prop trader breaks down his Secondary Trading Strategy and then Mike Bellafiore challenges him to consider an even better way to trade this strategy.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn the secondary<\/div>\n<\/div>\n<\/div>\n
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trading strategy<\/div>\n<\/div>\n<\/div>\n
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done better hi i’m mike bellafiore<\/div>\n<\/div>\n<\/div>\n
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co-founder of smb capital and we’re a<\/div>\n<\/div>\n<\/div>\n
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proprietary trading firm located in<\/div>\n<\/div>\n<\/div>\n
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midtown manhattan and i’m also the<\/div>\n<\/div>\n<\/div>\n
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author of the trading classic one good<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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and the playbook in this video a firm<\/div>\n<\/div>\n<\/div>\n
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prop trader<\/div>\n<\/div>\n<\/div>\n
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breaks down his secondary trading<\/div>\n<\/div>\n<\/div>\n
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strategy and then i<\/div>\n<\/div>\n<\/div>\n
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challenge him to consider an even better<\/div>\n<\/div>\n<\/div>\n
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way to trade this strategy<\/div>\n<\/div>\n<\/div>\n
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let’s get to work on sharing these<\/div>\n<\/div>\n<\/div>\n
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important trading lessons<\/div>\n<\/div>\n<\/div>\n
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so you can grow your trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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this trade was on skills and this was<\/div>\n<\/div>\n<\/div>\n
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following their offering<\/div>\n<\/div>\n<\/div>\n
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and this was actually two days off after<\/div>\n<\/div>\n<\/div>\n
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the offering<\/div>\n<\/div>\n<\/div>\n
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once the price was released and<\/div>\n<\/div>\n<\/div>\n
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my game plan coming in was to use that<\/div>\n<\/div>\n<\/div>\n
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price as a floor<\/div>\n<\/div>\n<\/div>\n
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which ended up working pretty nicely for<\/div>\n<\/div>\n<\/div>\n
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a end of day breakout<\/div>\n<\/div>\n<\/div>\n
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all right so here’s some uh details on<\/div>\n<\/div>\n<\/div>\n
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their offering<\/div>\n<\/div>\n<\/div>\n
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so it was announced on march 17th in the<\/div>\n<\/div>\n<\/div>\n
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pre-market<\/div>\n<\/div>\n<\/div>\n
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and it was a 32 million share offering<\/div>\n<\/div>\n<\/div>\n
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and this was an underwritten public<\/div>\n<\/div>\n<\/div>\n
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offering of their class a shares<\/div>\n<\/div>\n<\/div>\n
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and this was split into uh kind of two<\/div>\n<\/div>\n<\/div>\n
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segments<\/div>\n<\/div>\n<\/div>\n
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first was the skill shares which was uh<\/div>\n<\/div>\n<\/div>\n
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17<\/div>\n<\/div>\n<\/div>\n
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million and then the second portion was<\/div>\n<\/div>\n<\/div>\n
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uh some of the stockholders which was 15<\/div>\n<\/div>\n<\/div>\n
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million<\/div>\n<\/div>\n<\/div>\n
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this is just going to uh general kind of<\/div>\n<\/div>\n<\/div>\n
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working capital and<\/div>\n<\/div>\n<\/div>\n
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corporate purposes and then none of the<\/div>\n<\/div>\n<\/div>\n
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stockholders shares are going to be<\/div>\n<\/div>\n<\/div>\n
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counted into that so<\/div>\n<\/div>\n<\/div>\n
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just the 17 million will be used<\/div>\n<\/div>\n<\/div>\n
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and then two days following in the<\/div>\n<\/div>\n<\/div>\n
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pre-market the offering price of 24<\/div>\n<\/div>\n<\/div>\n
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was announced which was actually uh<\/div>\n<\/div>\n<\/div>\n
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a little above where uh a little below<\/div>\n<\/div>\n<\/div>\n
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where it was currently trading at<\/div>\n<\/div>\n<\/div>\n
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so sam this is a secondary offering as<\/div>\n<\/div>\n<\/div>\n
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opposed to<\/div>\n<\/div>\n<\/div>\n
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an ipo yeah it was just an offering<\/div>\n<\/div>\n<\/div>\n
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these<\/div>\n<\/div>\n<\/div>\n
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this uh was a spec merger back in<\/div>\n<\/div>\n<\/div>\n
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december<\/div>\n<\/div>\n<\/div>\n
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so this was just the uh secondary<\/div>\n<\/div>\n<\/div>\n
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offering to<\/div>\n<\/div>\n<\/div>\n
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raise capital and then going through<\/div>\n<\/div>\n<\/div>\n
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this is just kind of a<\/div>\n<\/div>\n<\/div>\n
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uh brief history of skills<\/div>\n<\/div>\n<\/div>\n
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and uh some recent catalysts it has had<\/div>\n<\/div>\n<\/div>\n
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so december 17th it was acquired by spec<\/div>\n<\/div>\n<\/div>\n
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and it started trading on the nyse<\/div>\n<\/div>\n<\/div>\n
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in first aid trading really solid move<\/div>\n<\/div>\n<\/div>\n
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around 18 to 22. consolidated for a<\/div>\n<\/div>\n<\/div>\n
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while<\/div>\n<\/div>\n<\/div>\n
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really received some uh buy targets and<\/div>\n<\/div>\n<\/div>\n
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price target raises<\/div>\n<\/div>\n<\/div>\n
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which was a pretty positive catalyst but<\/div>\n<\/div>\n<\/div>\n
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the the big<\/div>\n<\/div>\n<\/div>\n
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move for this was their nfl deal which<\/div>\n<\/div>\n<\/div>\n
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was a multi-year<\/div>\n<\/div>\n<\/div>\n
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gaming and esports agreement and you can<\/div>\n<\/div>\n<\/div>\n
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see by this move it<\/div>\n<\/div>\n<\/div>\n
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super strong 29 to 46 which is around<\/div>\n<\/div>\n<\/div>\n
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like a 61 percent move<\/div>\n<\/div>\n<\/div>\n
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and that is in a uh pretty much a two<\/div>\n<\/div>\n<\/div>\n
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day period<\/div>\n<\/div>\n<\/div>\n
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so this sell-off was a little warranted<\/div>\n<\/div>\n<\/div>\n
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but this was also around the same time<\/div>\n<\/div>\n<\/div>\n
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a lot of the growth stocks were starting<\/div>\n<\/div>\n<\/div>\n
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to get hit really hard and especially a<\/div>\n<\/div>\n<\/div>\n
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lot of these spec<\/div>\n<\/div>\n<\/div>\n
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names that have moved a bunch and this<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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fell right into that category of a spec<\/div>\n<\/div>\n<\/div>\n
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that definitely ran a little too much<\/div>\n<\/div>\n<\/div>\n
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you can see by the price movement if you<\/div>\n<\/div>\n<\/div>\n
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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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traders use including the simple setup<\/div>\n<\/div>\n<\/div>\n
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that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders and the setup<\/div>\n<\/div>\n<\/div>\n
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that turned one of our traders into a<\/div>\n<\/div>\n<\/div>\n
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seven<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running<\/div>\n<\/div>\n<\/div>\n
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just go ahead and click the link that<\/div>\n<\/div>\n<\/div>\n
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should be appearing now<\/div>\n<\/div>\n<\/div>\n
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at the top right hand corner of your<\/div>\n<\/div>\n<\/div>\n
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screen that will open up the free<\/div>\n<\/div>\n<\/div>\n
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registration page in a new window so<\/div>\n<\/div>\n<\/div>\n
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don’t worry<\/div>\n<\/div>\n<\/div>\n
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you won’t lose this video you can also<\/div>\n<\/div>\n<\/div>\n
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visit<\/div>\n<\/div>\n<\/div>\n
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tradingworkshop.com to register for this<\/div>\n<\/div>\n<\/div>\n
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free intensive workshop<\/div>\n<\/div>\n<\/div>\n
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you’re going to learn more in a couple<\/div>\n<\/div>\n<\/div>\n
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of hours from this trading workshop<\/div>\n<\/div>\n<\/div>\n
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than from years of online education<\/div>\n<\/div>\n<\/div>\n
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and then i had another little positive<\/div>\n<\/div>\n<\/div>\n
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catalyst for their<\/div>\n<\/div>\n<\/div>\n
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first earnings since the stack merger<\/div>\n<\/div>\n<\/div>\n
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and they actually had a lot of uh pretty<\/div>\n<\/div>\n<\/div>\n
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key points in this<\/div>\n<\/div>\n<\/div>\n
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revenues doubled gross profit grew by 95<\/div>\n<\/div>\n<\/div>\n
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percent<\/div>\n<\/div>\n<\/div>\n
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and a few others including strong<\/div>\n<\/div>\n<\/div>\n
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guidance<\/div>\n<\/div>\n<\/div>\n
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and then i’ll go into this a little<\/div>\n<\/div>\n<\/div>\n
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further but uh<\/div>\n<\/div>\n<\/div>\n
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you can kind of see how this 24 range<\/div>\n<\/div>\n<\/div>\n
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which ended up being the offering was a<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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very key level of support and uh<\/div>\n<\/div>\n<\/div>\n
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on that slide is definitely one of the<\/div>\n<\/div>\n<\/div>\n
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uh big big parts of my trade<\/div>\n<\/div>\n<\/div>\n
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to lay down some context a really good<\/div>\n<\/div>\n<\/div>\n
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sector to be in<\/div>\n<\/div>\n<\/div>\n
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you know you’ve got gaming<\/div>\n<\/div>\n<\/div>\n
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you’ve got esports and then<\/div>\n<\/div>\n<\/div>\n
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uh the spac sector has been pretty<\/div>\n<\/div>\n<\/div>\n
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interesting as well<\/div>\n<\/div>\n<\/div>\n
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yeah definitely so this had a lot going<\/div>\n<\/div>\n<\/div>\n
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for it for uh a pretty<\/div>\n<\/div>\n<\/div>\n
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pretty wild move like this and just for<\/div>\n<\/div>\n<\/div>\n
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a little more context skills<\/div>\n<\/div>\n<\/div>\n
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is a uh it’s kind of like an esports<\/div>\n<\/div>\n<\/div>\n
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company but it’s more in the<\/div>\n<\/div>\n<\/div>\n
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competition fields so tournaments<\/div>\n<\/div>\n<\/div>\n
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and stuff like that and it does a lot<\/div>\n<\/div>\n<\/div>\n
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with uh<\/div>\n<\/div>\n<\/div>\n
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android and iphone games too so this nfl<\/div>\n<\/div>\n<\/div>\n
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deal was<\/div>\n<\/div>\n<\/div>\n
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uh really big news at the time<\/div>\n<\/div>\n<\/div>\n
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so now i’m gonna go into the offering<\/div>\n<\/div>\n<\/div>\n
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and this is following the earnings the<\/div>\n<\/div>\n<\/div>\n
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earnings was<\/div>\n<\/div>\n<\/div>\n
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a few days prior got a nice little pot<\/div>\n<\/div>\n<\/div>\n
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from that<\/div>\n<\/div>\n<\/div>\n
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and then uh got hit pretty hard the<\/div>\n<\/div>\n<\/div>\n
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previous day<\/div>\n<\/div>\n<\/div>\n
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and then after they announced the<\/div>\n<\/div>\n<\/div>\n
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offering uh it went from around 30<\/div>\n<\/div>\n<\/div>\n
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down to this 26.50<\/div>\n<\/div>\n<\/div>\n
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so i got hit pretty hard and uh<\/div>\n<\/div>\n<\/div>\n
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i wasn’t a part of this trade at all<\/div>\n<\/div>\n<\/div>\n
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but this is another setup i like to take<\/div>\n<\/div>\n<\/div>\n
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where<\/div>\n<\/div>\n<\/div>\n
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we get a re-test into the offering<\/div>\n<\/div>\n<\/div>\n
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not the offering price but the uh the<\/div>\n<\/div>\n<\/div>\n
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price zone where the offering was<\/div>\n<\/div>\n<\/div>\n
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announced<\/div>\n<\/div>\n<\/div>\n
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for a continuation of the uh<\/div>\n<\/div>\n<\/div>\n
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the move to the downside but uh<\/div>\n<\/div>\n<\/div>\n
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yeah this so this just covers what i<\/div>\n<\/div>\n<\/div>\n
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already touched on the 32 million shares<\/div>\n<\/div>\n<\/div>\n
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with uh 17 million being free skills<\/div>\n<\/div>\n<\/div>\n
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and then following the retest that<\/div>\n<\/div>\n<\/div>\n
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offering price we saw<\/div>\n<\/div>\n<\/div>\n
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pretty steep selling through uh the<\/div>\n<\/div>\n<\/div>\n
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offering price low<\/div>\n<\/div>\n<\/div>\n
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down to this 24 level and the offering<\/div>\n<\/div>\n<\/div>\n
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price the secondary offering price was<\/div>\n<\/div>\n<\/div>\n
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24.<\/div>\n<\/div>\n<\/div>\n
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yeah and that was announced on this day<\/div>\n<\/div>\n<\/div>\n
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march 19th<\/div>\n<\/div>\n<\/div>\n
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so at the time it was trading around<\/div>\n<\/div>\n<\/div>\n
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like 25 24<\/div>\n<\/div>\n<\/div>\n
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50 then right around so that would be<\/div>\n<\/div>\n<\/div>\n
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eight eastern it was announced that the<\/div>\n<\/div>\n<\/div>\n
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price was 24.<\/div>\n<\/div>\n<\/div>\n
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if you can just go back to the last<\/div>\n<\/div>\n<\/div>\n
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slide just so that we<\/div>\n<\/div>\n<\/div>\n
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i think you guys know a lot more than<\/div>\n<\/div>\n<\/div>\n
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other people who may<\/div>\n<\/div>\n<\/div>\n
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watch this in the future so<\/div>\n<\/div>\n<\/div>\n
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uh you see there’s an offering announced<\/div>\n<\/div>\n<\/div>\n
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on march 17th<\/div>\n<\/div>\n<\/div>\n
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so am i correct in<\/div>\n<\/div>\n<\/div>\n
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uh stating that there was just an<\/div>\n<\/div>\n<\/div>\n
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announcement that there was gonna be an<\/div>\n<\/div>\n<\/div>\n
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offering<\/div>\n<\/div>\n<\/div>\n
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but but that the price hadn’t been<\/div>\n<\/div>\n<\/div>\n
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announced<\/div>\n<\/div>\n<\/div>\n
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offering price typically comes out to<\/div>\n<\/div>\n<\/div>\n
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uh sometimes one day but typically like<\/div>\n<\/div>\n<\/div>\n
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two to three days after<\/div>\n<\/div>\n<\/div>\n
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and most of like the the big traders i<\/div>\n<\/div>\n<\/div>\n
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would<\/div>\n<\/div>\n<\/div>\n
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i would say don’t get involved until the<\/div>\n<\/div>\n<\/div>\n
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offering price is announced<\/div>\n<\/div>\n<\/div>\n
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because kind of in that two day<\/div>\n<\/div>\n<\/div>\n
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in between period it’s a lot of<\/div>\n<\/div>\n<\/div>\n
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speculation of<\/div>\n<\/div>\n<\/div>\n
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what you’re thinking the offering price<\/div>\n<\/div>\n<\/div>\n
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could be so let’s say if it was trading<\/div>\n<\/div>\n<\/div>\n
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at 26 like 26 became<\/div>\n<\/div>\n<\/div>\n
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a key level support following the<\/div>\n<\/div>\n<\/div>\n
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offering<\/div>\n<\/div>\n<\/div>\n
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and then all of a sudden the price is<\/div>\n<\/div>\n<\/div>\n
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announced and it’s at 24<\/div>\n<\/div>\n<\/div>\n
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if you’re in long you’re just gonna get<\/div>\n<\/div>\n<\/div>\n
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killed for that two points because<\/div>\n<\/div>\n<\/div>\n
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uh like i said earlier that 24 is<\/div>\n<\/div>\n<\/div>\n
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typically<\/div>\n<\/div>\n<\/div>\n
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going to be a magnet price is going to<\/div>\n<\/div>\n<\/div>\n
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get pulled into it<\/div>\n<\/div>\n<\/div>\n
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and for this trade i’m looking for for a<\/div>\n<\/div>\n<\/div>\n
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bounce off of the<\/div>\n<\/div>\n<\/div>\n
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price you really want to see it get<\/div>\n<\/div>\n<\/div>\n
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under<\/div>\n<\/div>\n<\/div>\n
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a few attempts to to get under 24 but<\/div>\n<\/div>\n<\/div>\n
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then ultimately<\/div>\n<\/div>\n<\/div>\n
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consolidate above hold above and then uh<\/div>\n<\/div>\n<\/div>\n
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see some volume coming in to the upside<\/div>\n<\/div>\n<\/div>\n
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so<\/div>\n<\/div>\n<\/div>\n
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you’re sitting at your desk and<\/div>\n<\/div>\n<\/div>\n
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it is announced that there is going to<\/div>\n<\/div>\n<\/div>\n
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be an offering<\/div>\n<\/div>\n<\/div>\n
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in skills it’s march 17th you’re at your<\/div>\n<\/div>\n<\/div>\n
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desk and there’s an offering that that<\/div>\n<\/div>\n<\/div>\n
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gets announced<\/div>\n<\/div>\n<\/div>\n
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that can be a good breaking news short<\/div>\n<\/div>\n<\/div>\n
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trade and the reason for that<\/div>\n<\/div>\n<\/div>\n
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is if you are going to buy a secondary<\/div>\n<\/div>\n<\/div>\n
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you’re going to want it at a discount<\/div>\n<\/div>\n<\/div>\n
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to raise money you’re going to have to<\/div>\n<\/div>\n<\/div>\n
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offer it at a discount<\/div>\n<\/div>\n<\/div>\n
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and so it’s almost always not gonna<\/div>\n<\/div>\n<\/div>\n
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trade<\/div>\n<\/div>\n<\/div>\n
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it’s gonna always almost always trade<\/div>\n<\/div>\n<\/div>\n
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below the price<\/div>\n<\/div>\n<\/div>\n
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that it’s trading at when they make the<\/div>\n<\/div>\n<\/div>\n
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announcement<\/div>\n<\/div>\n<\/div>\n
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so there’s that there’s that trade and<\/div>\n<\/div>\n<\/div>\n
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then there’s<\/div>\n<\/div>\n<\/div>\n
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after that there’s some speculation<\/div>\n<\/div>\n<\/div>\n
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that can go on but but i’d almost say<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the price that it’s trading at<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the time of the announcement can can<\/div>\n<\/div>\n<\/div>\n
\n
\n
be your resistance as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
because it’s almost always going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade lower than that so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve got a breaking news trade and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then you’ve got<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance trades a resistance level to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be considering<\/div>\n<\/div>\n<\/div>\n
\n
\n
until there’s actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
a price that’s put on the offering<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so if you move to the next slide as<\/div>\n<\/div>\n<\/div>\n
\n
\n
you were saying sam<\/div>\n<\/div>\n<\/div>\n
\n
\n
two days later they actually give us the<\/div>\n<\/div>\n<\/div>\n
\n
\n
price<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah exactly and uh at this point just<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the two-day period prior it’s down nine<\/div>\n<\/div>\n<\/div>\n
\n
\n
points<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is something i like to see if<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to be taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
a bounce trade off of the offering price<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i want to see it really weak<\/div>\n<\/div>\n<\/div>\n
\n
\n
either the previous day or the previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
two days<\/div>\n<\/div>\n<\/div>\n
\n
\n
so there’s a solid amount of meat left<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then uh because if it if it is<\/div>\n<\/div>\n<\/div>\n
\n
\n
priced at<\/div>\n<\/div>\n<\/div>\n
\n
\n
25 or 26<\/div>\n<\/div>\n<\/div>\n
\n
\n
it becomes a totally different trade so<\/div>\n<\/div>\n<\/div>\n
\n
\n
having the offering price at 24 ended up<\/div>\n<\/div>\n<\/div>\n
\n
\n
working around<\/div>\n<\/div>\n<\/div>\n
\n
\n
working out like perfectly i would say<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah this slide just<\/div>\n<\/div>\n<\/div>\n
\n
\n
emphasizes that uh 24 offering price<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s a good sign in the pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we’re already<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of hovering in between that price<\/div>\n<\/div>\n<\/div>\n
\n
\n
without<\/div>\n<\/div>\n<\/div>\n
\n
\n
running through it very steeply prior to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll just provide some context here so<\/div>\n<\/div>\n<\/div>\n
\n
\n
the<\/div>\n<\/div>\n<\/div>\n
\n
\n
stronger the stock prior to the offering<\/div>\n<\/div>\n<\/div>\n
\n
\n
price announced<\/div>\n<\/div>\n<\/div>\n
\n
\n
the less likely it is to actually go<\/div>\n<\/div>\n<\/div>\n
\n
\n
back to that<\/div>\n<\/div>\n<\/div>\n
\n
\n
offering price so if you’ve got a really<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong company that’s done<\/div>\n<\/div>\n<\/div>\n
\n
\n
really really well and there’s an<\/div>\n<\/div>\n<\/div>\n
\n
\n
offering at 24 bucks<\/div>\n<\/div>\n<\/div>\n
\n
\n
that stock is going to hover higher than<\/div>\n<\/div>\n<\/div>\n
\n
\n
24<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you’re going to look for value<\/div>\n<\/div>\n<\/div>\n
\n
\n
buying up there<\/div>\n<\/div>\n<\/div>\n
\n
\n
the fact that it’s pulling back into 24.<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh look i think this back there’s a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
of reasons for that<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it’s not always going to be the case<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you’re going to go find that<\/div>\n<\/div>\n<\/div>\n
\n
\n
offering price<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh in fact the stronger stocks are never<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to get back there<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah exactly going into what i touched<\/div>\n<\/div>\n<\/div>\n
\n
\n
on with the<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 24 level you you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
going back to uh december when the<\/div>\n<\/div>\n<\/div>\n
\n
\n
spec merged this kind of 2350 to 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
range<\/div>\n<\/div>\n<\/div>\n
\n
\n
became really key support resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
like coming in there’s previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance finally get above<\/div>\n<\/div>\n<\/div>\n
\n
\n
acted as support and then we also this<\/div>\n<\/div>\n<\/div>\n
\n
\n
was the same level<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the earnings where we got a bounce at<\/div>\n<\/div>\n<\/div>\n
\n
\n
so coming in i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty happy with this zone as uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
my possible entry zone and<\/div>\n<\/div>\n<\/div>\n
\n
\n
to get involved i’m going to be trying<\/div>\n<\/div>\n<\/div>\n
\n
\n
to buy on this lower end the 2350 end<\/div>\n<\/div>\n<\/div>\n
\n
\n
or ideally we could get like a quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
wick down to 22 and i could uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
pick up some shares there but you’ll see<\/div>\n<\/div>\n<\/div>\n
\n
\n
in this example<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 24 kind of 2350 ended up being<\/div>\n<\/div>\n<\/div>\n
\n
\n
where all the true buyers were stepping<\/div>\n<\/div>\n<\/div>\n
\n
\n
in i would say<\/div>\n<\/div>\n<\/div>\n
\n
\n
so coming into the morning this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
similar to this<\/div>\n<\/div>\n<\/div>\n
\n
\n
previous slide i showed this was the<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh trading plan i had so for<\/div>\n<\/div>\n<\/div>\n
\n
\n
my entries when i’m involved on these i<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to buy in if there’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
steep selling right on right off of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open i want to buy into that with<\/div>\n<\/div>\n<\/div>\n
\n
\n
smaller size risking below this 23.50<\/div>\n<\/div>\n<\/div>\n
\n
\n
just to pick up a little bit of shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see if i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
solid prices before if we do<\/div>\n<\/div>\n<\/div>\n
\n
\n
end up consolidating above the level why<\/div>\n<\/div>\n<\/div>\n
\n
\n
do you want to buy something that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
below<\/div>\n<\/div>\n<\/div>\n
\n
\n
the secondary price so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that kind of gets me in at a position of<\/div>\n<\/div>\n<\/div>\n
\n
\n
strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
so for this setup i really don’t only<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to be involved if we are<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if the stock is so sam if the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
is so strong why would it get below 24<\/div>\n<\/div>\n<\/div>\n
\n
\n
well it’s not strong at the time that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s kind of i mean you can see by the<\/div>\n<\/div>\n<\/div>\n
\n
\n
chart it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
super weak so i’m hoping there is kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of another leg is selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then ultimately we end up holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
above the 24<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if i’m in from let’s say 23<\/div>\n<\/div>\n<\/div>\n
\n
\n
60s or 23 80s and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
we we’re consolidating above this 24.<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m at really protected price<\/div>\n<\/div>\n<\/div>\n
\n
\n
where i have like high conviction that<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re not going to see those 2350s again<\/div>\n<\/div>\n<\/div>\n
\n
\n
at least for that day<\/div>\n<\/div>\n<\/div>\n
\n
\n
or the following two days so then i can<\/div>\n<\/div>\n<\/div>\n
\n
\n
set stop it break even but<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was more for kind of like a quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
scallop and then hold a core<\/div>\n<\/div>\n<\/div>\n
\n
\n
around it there’s a lot of different<\/div>\n<\/div>\n<\/div>\n
\n
\n
ways to uh treat the entries on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
so what’s your stop then so for this one<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
23 like in between this 23 to<\/div>\n<\/div>\n<\/div>\n
\n
\n
23 45 range and i just had<\/div>\n<\/div>\n<\/div>\n
\n
\n
limits stacked at a 75<\/div>\n<\/div>\n<\/div>\n
\n
\n
70s 60s and then 52s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i was risking all those against<\/div>\n<\/div>\n<\/div>\n
\n
\n
23<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think it was like 23 44 and then if i<\/div>\n<\/div>\n<\/div>\n
\n
\n
got hit out of that i would<\/div>\n<\/div>\n<\/div>\n
\n
\n
look to revalue it so you’re really<\/div>\n<\/div>\n<\/div>\n
\n
\n
playing against that 2350 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah why is that 2350 level to you<\/div>\n<\/div>\n<\/div>\n
\n
\n
more important than the secondary price<\/div>\n<\/div>\n<\/div>\n
\n
\n
of 24.<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s more so just playing it against<\/div>\n<\/div>\n<\/div>\n
\n
\n
this support range<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not that 23 50 or 24 is more<\/div>\n<\/div>\n<\/div>\n
\n
\n
important<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s more so where i can get the best<\/div>\n<\/div>\n<\/div>\n
\n
\n
prices so if i can get<\/div>\n<\/div>\n<\/div>\n
\n
\n
23 then i know that 24 has a high<\/div>\n<\/div>\n<\/div>\n
\n
\n
or 23 50s and i know 24 has a high<\/div>\n<\/div>\n<\/div>\n
\n
\n
probability<\/div>\n<\/div>\n<\/div>\n
\n
\n
of uh being kind of that floor for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’d much rather get in at these lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather than just buying 24<\/div>\n<\/div>\n<\/div>\n
\n
\n
right off the open and then for targets<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh these are just some of my initial<\/div>\n<\/div>\n<\/div>\n
\n
\n
targets but<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh as the trade goes on you’ll see i<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of alter<\/div>\n<\/div>\n<\/div>\n
\n
\n
end up not really taking too much off at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 25 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and end up holding most of my core to<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 26.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is kind of exactly what i want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see for a all-day consolidation for<\/div>\n<\/div>\n<\/div>\n
\n
\n
a end-of-day breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’ve taped on this but<\/div>\n<\/div>\n<\/div>\n
\n
\n
we ended up coming into that little<\/div>\n<\/div>\n<\/div>\n
\n
\n
spike range<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the most important part of this<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation is<\/div>\n<\/div>\n<\/div>\n
\n
\n
this uh 3 hour 45 minute period<\/div>\n<\/div>\n<\/div>\n
\n
\n
following the first 30 minutes of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
open where we’re consolidating above<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
24 level we only drop it once<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see we drop in instantly<\/div>\n<\/div>\n<\/div>\n
\n
\n
rebid<\/div>\n<\/div>\n<\/div>\n
\n
\n
come down again buyers are stepping in<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really strong held bid at this level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then this 2450 was<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance for the day so for for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade like this where i’m looking for an<\/div>\n<\/div>\n<\/div>\n
\n
\n
end to day breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to see a really long<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation period like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i can look for some measured<\/div>\n<\/div>\n<\/div>\n
\n
\n
moves for profit targets<\/div>\n<\/div>\n<\/div>\n
\n
\n
sort of thing but uh this kind of just<\/div>\n<\/div>\n<\/div>\n
\n
\n
highlights uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
the period so it’s from 8 40 a.m<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 2 p.m so pretty much full day<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation going into the close<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this was only within a 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
range of its atr so 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
price range and then for an end to day<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to see this holding above this<\/div>\n<\/div>\n<\/div>\n
\n
\n
24-70 range which is high of day<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then ultimately 25 which was<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
for a uh a push to the 27<\/div>\n<\/div>\n<\/div>\n
\n
\n
26 range this slide just shows like the<\/div>\n<\/div>\n<\/div>\n
\n
\n
full day of price action<\/div>\n<\/div>\n<\/div>\n
\n
\n
the most important part is this volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming through<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the end of the day once we reclaim<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 25 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can see all day consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority of it is above that 24 level so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a check in my favor<\/div>\n<\/div>\n<\/div>\n
\n
\n
we have a little trendline breakout not<\/div>\n<\/div>\n<\/div>\n
\n
\n
putting too much emphasis on that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m putting most of my emphasis on this<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market low<\/div>\n<\/div>\n<\/div>\n
\n
\n
to high day range and to be able to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
above which we<\/div>\n<\/div>\n<\/div>\n
\n
\n
have here and that’s a really big change<\/div>\n<\/div>\n<\/div>\n
\n
\n
in character for the stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be able to uh break out above<\/div>\n<\/div>\n<\/div>\n
\n
\n
24.50 come down retest and we see buyers<\/div>\n<\/div>\n<\/div>\n
\n
\n
step in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and at the same time we start to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume pick up<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see even this first like this<\/div>\n<\/div>\n<\/div>\n
\n
\n
first volume bar and then these four<\/div>\n<\/div>\n<\/div>\n
\n
\n
large ones are<\/div>\n<\/div>\n<\/div>\n
\n
\n
all i mean massive compared to<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the volume bars following the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
30 minutes of the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we see volume fade get above 2450 we<\/div>\n<\/div>\n<\/div>\n
\n
\n
see the first inflow volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then the true volume comes in on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
25<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout and then just for some targets<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh the previous day is low as well as<\/div>\n<\/div>\n<\/div>\n
\n
\n
the after hours low we’re stacked at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
same level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s obviously a a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty strong spot to take off some risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
whole number as well and then i only had<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit of size for this last push<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 27<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that was also the opening range low<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well as the pre-market high so that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty strong confluence level in these<\/div>\n<\/div>\n<\/div>\n
\n
\n
two for targets<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i have a i can play a quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 25 breakout and you’ll see the<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh the change of character so the main<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing i’m highlighting<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this tape is the volume inflow<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just the change to be able to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
above<\/div>\n<\/div>\n<\/div>\n
\n
\n
this uh 2450 so<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the time right now we had that first<\/div>\n<\/div>\n<\/div>\n
\n
\n
push above high of day<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulled back and we just got bought back<\/div>\n<\/div>\n<\/div>\n
\n
\n
up<\/div>\n<\/div>\n<\/div>\n
\n
\n
very steeply you can see this move from<\/div>\n<\/div>\n<\/div>\n
\n
\n
24 50 to 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
is all in one minute really no selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
pressure at all in that candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we can flip over and look at the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this uh 25 breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
and another change of character is this<\/div>\n<\/div>\n<\/div>\n
\n
\n
2490s<\/div>\n<\/div>\n<\/div>\n
\n
\n
so once we are able to hold above they<\/div>\n<\/div>\n<\/div>\n
\n
\n
stacked the bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
really strong on the 90s and we weren’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
able to drop that level once we<\/div>\n<\/div>\n<\/div>\n
\n
\n
got above the offers are still looking<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh and something else on the highlight<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was a<\/div>\n<\/div>\n<\/div>\n
\n
\n
more of a swing trade so i bought my<\/div>\n<\/div>\n<\/div>\n
\n
\n
first shares<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the pre-market at 23.83<\/div>\n<\/div>\n<\/div>\n
\n
\n
then i got my last fill at 23.66<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s kind of that range i had a bunch<\/div>\n<\/div>\n<\/div>\n
\n
\n
of my limits stacked at<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i didn’t take any any of my size off<\/div>\n<\/div>\n<\/div>\n
\n
\n
in between this range at all because<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this trade is either it’s gonna it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
gonna work or it’s not i’m not<\/div>\n<\/div>\n<\/div>\n
\n
\n
too interested in taking a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
off at<\/div>\n<\/div>\n<\/div>\n
\n
\n
2460s or even in this range<\/div>\n<\/div>\n<\/div>\n
\n
\n
i treated this trade as a swing trade so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m still in<\/div>\n<\/div>\n<\/div>\n
\n
\n
full size so i was kind of sitting on<\/div>\n<\/div>\n<\/div>\n
\n
\n
these shares all day<\/div>\n<\/div>\n<\/div>\n
\n
\n
during this consolidation range<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially when it was holding above 24<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was like all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m going to hold 100 of my size as long<\/div>\n<\/div>\n<\/div>\n
\n
\n
as we’re above 24<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i’m gonna start piecing out<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 25.<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so now we’re approaching that 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see the offer is stacked but<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh the size is just taken out almost<\/div>\n<\/div>\n<\/div>\n
\n
\n
instantly in the 98s and 99s<\/div>\n<\/div>\n<\/div>\n
\n
\n
now we’re coming into the 25s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if i once we see this 25 break<\/div>\n<\/div>\n<\/div>\n
\n
\n
i really want to see a bunch of volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
come in and let’s not just wick above<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then have the offer step back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
on 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
i really want to see us crack this level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see continuation through<\/div>\n<\/div>\n<\/div>\n
\n
\n
so there we go we get the we get the<\/div>\n<\/div>\n<\/div>\n
\n
\n
crack but<\/div>\n<\/div>\n<\/div>\n
\n
\n
really not that continuation yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
now we’re starting to get a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
of a move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see i have some exits<\/div>\n<\/div>\n<\/div>\n
\n
\n
layered out looks like i have my first<\/div>\n<\/div>\n<\/div>\n
\n
\n
one at<\/div>\n<\/div>\n<\/div>\n
\n
\n
25.33 all right i took a little bit off<\/div>\n<\/div>\n<\/div>\n
\n
\n
at 25.07<\/div>\n<\/div>\n<\/div>\n
\n
\n
just in case we did get that wiccan<\/div>\n<\/div>\n<\/div>\n
\n
\n
failure<\/div>\n<\/div>\n<\/div>\n
\n
\n
now 2508’s hop on the bed with a bunch<\/div>\n<\/div>\n<\/div>\n
\n
\n
of size<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see we’re we’re getting pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
solid pretty solid volume coming through<\/div>\n<\/div>\n<\/div>\n
\n
\n
but this is nothing<\/div>\n<\/div>\n<\/div>\n
\n
\n
crazy it’s a change of character but<\/div>\n<\/div>\n<\/div>\n
\n
\n
for 25 dollar breakout especially with<\/div>\n<\/div>\n<\/div>\n
\n
\n
how key this level was internet<\/div>\n<\/div>\n<\/div>\n
\n
\n
i really want to see more volume come<\/div>\n<\/div>\n<\/div>\n
\n
\n
through which<\/div>\n<\/div>\n<\/div>\n
\n
\n
starts to confirm in a few minutes i’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
fast forward a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i ended up deleting that first exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i took another chairs off at 25.37<\/div>\n<\/div>\n<\/div>\n
\n
\n
but the way the one thing is we’re just<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of grinding higher at this point<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re not having any explosive moves yet<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m definitely ready with uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
my fingers on the hotkey just in case we<\/div>\n<\/div>\n<\/div>\n
\n
\n
do get a quick reversal<\/div>\n<\/div>\n<\/div>\n
\n
\n
these for something like this i i want<\/div>\n<\/div>\n<\/div>\n
\n
\n
this move to be much faster than we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing now<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it is a good sign that the bids keep<\/div>\n<\/div>\n<\/div>\n
\n
\n
stepping up<\/div>\n<\/div>\n<\/div>\n
\n
\n
like 35 40s with a bunch of size too<\/div>\n<\/div>\n<\/div>\n
\n
\n
and now we’re starting to see the the<\/div>\n<\/div>\n<\/div>\n
\n
\n
tape speed up a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit faster we’re coming into<\/div>\n<\/div>\n<\/div>\n
\n
\n
25.50<\/div>\n<\/div>\n<\/div>\n
\n
\n
took a shares off again at 25 47 in<\/div>\n<\/div>\n<\/div>\n
\n
\n
front of the whole number<\/div>\n<\/div>\n<\/div>\n
\n
\n
or the half number you can see we we got<\/div>\n<\/div>\n<\/div>\n
\n
\n
through this 25 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
25 50 without really a fight<\/div>\n<\/div>\n<\/div>\n
\n
\n
so at this point i definitely could have<\/div>\n<\/div>\n<\/div>\n
\n
\n
done a better job of holding on<\/div>\n<\/div>\n<\/div>\n
\n
\n
to more of these chairs you can see i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
already down to 50<\/div>\n<\/div>\n<\/div>\n
\n
\n
of my position one in reality uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
there was really no reason to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
trimming too much size<\/div>\n<\/div>\n<\/div>\n
\n
\n
without us kind of wicking around and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then i have another video<\/div>\n<\/div>\n<\/div>\n
\n
\n
next on the uh a solid<\/div>\n<\/div>\n<\/div>\n
\n
\n
reason to exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
so at this point this is fast forward a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little more<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m out of uh majority of my size i<\/div>\n<\/div>\n<\/div>\n
\n
\n
trimmed a lot in the upper 26 range<\/div>\n<\/div>\n<\/div>\n
\n
\n
but uh just to show this was kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
where i ended the video<\/div>\n<\/div>\n<\/div>\n
\n
\n
previously and then we were able to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
above this<\/div>\n<\/div>\n<\/div>\n
\n
\n
2650 level which is that previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
and see some follow-through and this is<\/div>\n<\/div>\n<\/div>\n
\n
\n
coming into the last<\/div>\n<\/div>\n<\/div>\n
\n
\n
5-10 minutes of the trading day<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we finally crack the 27 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is usually my uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
my main exit signal is when we come into<\/div>\n<\/div>\n<\/div>\n
\n
\n
a whole number<\/div>\n<\/div>\n<\/div>\n
\n
\n
we push above but you’ll see we end up<\/div>\n<\/div>\n<\/div>\n
\n
\n
failing<\/div>\n<\/div>\n<\/div>\n
\n
\n
relatively soon and then we<\/div>\n<\/div>\n<\/div>\n
\n
\n
completely reverse and we’re back at<\/div>\n<\/div>\n<\/div>\n
\n
\n
these like 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
40s within a matter of two three minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
because at this point we’ve ran from<\/div>\n<\/div>\n<\/div>\n
\n
\n
24.50<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 27 in the matter of<\/div>\n<\/div>\n<\/div>\n
\n
\n
less than an hour so it’s definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
getting a little overextended<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i took a few more exits got some at<\/div>\n<\/div>\n<\/div>\n
\n
\n
27<\/div>\n<\/div>\n<\/div>\n
\n
\n
17.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so at this point still<\/div>\n<\/div>\n<\/div>\n
\n
\n
really no reason to be completely flat<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
fast forward a little more<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right yeah so here’s kind of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
point so we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
the those 20s drop and now you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
all the bids are just kind of getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
much weaker<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for me to hold this trade or<\/div>\n<\/div>\n<\/div>\n
\n
\n
possibly read there’s some solid reads<\/div>\n<\/div>\n<\/div>\n
\n
\n
in<\/div>\n<\/div>\n<\/div>\n
\n
\n
these spots but for this you really want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
27 holds in that drop<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can see a little bit of size on 27<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that gets taken out<\/div>\n<\/div>\n<\/div>\n
\n
\n
really fast and these 90s aren’t really<\/div>\n<\/div>\n<\/div>\n
\n
\n
showing any type of bed at all<\/div>\n<\/div>\n<\/div>\n
\n
\n
so when you see the wick above pushed to<\/div>\n<\/div>\n<\/div>\n
\n
\n
like 27<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 27 and then 27 drops<\/div>\n<\/div>\n<\/div>\n
\n
\n
almost instantly these 90s are somewhat<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then once those 90s drop that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you want to be totally flat though<\/div>\n<\/div>\n<\/div>\n
\n
\n
at this point i’m not really worried<\/div>\n<\/div>\n<\/div>\n
\n
\n
about getting totally flat but i end up<\/div>\n<\/div>\n<\/div>\n
\n
\n
cutting it<\/div>\n<\/div>\n<\/div>\n
\n
\n
once we drop 26.60<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i think yeah i stopped the tape<\/div>\n<\/div>\n<\/div>\n
\n
\n
right there but it’s just kind of like<\/div>\n<\/div>\n<\/div>\n
\n
\n
the whole number<\/div>\n<\/div>\n<\/div>\n
\n
\n
wick above and reversal to get flat<\/div>\n<\/div>\n<\/div>\n
\n
\n
after we’ve already seen the whole move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then to wrap it up here’s just my<\/div>\n<\/div>\n<\/div>\n
\n
\n
exits and entries so i had some in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
trimmed uh most of that size just right<\/div>\n<\/div>\n<\/div>\n
\n
\n
off the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
for a little bit of cash flow to uh pay<\/div>\n<\/div>\n<\/div>\n
\n
\n
myself<\/div>\n<\/div>\n<\/div>\n
\n
\n
just in case if i do get stopped out on<\/div>\n<\/div>\n<\/div>\n
\n
\n
all these stacked limits i had talked<\/div>\n<\/div>\n<\/div>\n
\n
\n
about previously then it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
either a small loss or a risk-free trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that that allowed me to get some<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty solid entries in here<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then like i said i held all this<\/div>\n<\/div>\n<\/div>\n
\n
\n
size for<\/div>\n<\/div>\n<\/div>\n
\n
\n
a end of day breakout which ended up<\/div>\n<\/div>\n<\/div>\n
\n
\n
working out pretty nicely<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then a few things i could have<\/div>\n<\/div>\n<\/div>\n
\n
\n
worked on better<\/div>\n<\/div>\n<\/div>\n
\n
\n
is definitely these first few exits at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the this first uh tier at 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
07 and then these 25 50s<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think since i held this trade all day<\/div>\n<\/div>\n<\/div>\n
\n
\n
intraday<\/div>\n<\/div>\n<\/div>\n
\n
\n
i definitely should have been a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
more uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
patient and taking risk off and waiting<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the first turn<\/div>\n<\/div>\n<\/div>\n
\n
\n
because the first turn or kind of sign<\/div>\n<\/div>\n<\/div>\n
\n
\n
of weakness ended up coming at this 26<\/div>\n<\/div>\n<\/div>\n
\n
\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so definitely should have kept a core<\/div>\n<\/div>\n<\/div>\n
\n
\n
for uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
the rest of this move into 26 and 27.<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh you can see the wedge pattern that<\/div>\n<\/div>\n<\/div>\n
\n
\n
forms<\/div>\n<\/div>\n<\/div>\n
\n
\n
between uh you just would draw that<\/div>\n<\/div>\n<\/div>\n
\n
\n
wedge pattern<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there a trade for you to add size as<\/div>\n<\/div>\n<\/div>\n
\n
\n
that breaks above the wedge pattern<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah this is that’s another uh thing i<\/div>\n<\/div>\n<\/div>\n
\n
\n
could have definitely done<\/div>\n<\/div>\n<\/div>\n
\n
\n
better for this trade you can see i had<\/div>\n<\/div>\n<\/div>\n
\n
\n
no reads and that this is such a clear<\/div>\n<\/div>\n<\/div>\n
\n
\n
wedge breakout pattern and then even<\/div>\n<\/div>\n<\/div>\n
\n
\n
when this volume confirms instead taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
these exits off at 25<\/div>\n<\/div>\n<\/div>\n
\n
\n
like some of these should be adds for my<\/div>\n<\/div>\n<\/div>\n
\n
\n
longs<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially once we have that confirmed<\/div>\n<\/div>\n<\/div>\n
\n
\n
break<\/div>\n<\/div>\n<\/div>\n
\n
\n
above hive day we pull back and we just<\/div>\n<\/div>\n<\/div>\n
\n
\n
have that<\/div>\n<\/div>\n<\/div>\n
\n
\n
candle so right where i started that<\/div>\n<\/div>\n<\/div>\n
\n
\n
first tape video at<\/div>\n<\/div>\n<\/div>\n
\n
\n
once we broke 25 that 100 percent is a a<\/div>\n<\/div>\n<\/div>\n
\n
\n
possible re-ad spot<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just wasn’t initially too confident<\/div>\n<\/div>\n<\/div>\n
\n
\n
adding on<\/div>\n<\/div>\n<\/div>\n
\n
\n
like this first wedge break because you<\/div>\n<\/div>\n<\/div>\n
\n
\n
could still see at the time the volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
was super<\/div>\n<\/div>\n<\/div>\n
\n
\n
dried up it’s coming into the close<\/div>\n<\/div>\n<\/div>\n
\n
\n
i know this isn’t too correlated to spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
but spy at the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
wasn’t looking uh rel like too strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i just wasn’t super confident on<\/div>\n<\/div>\n<\/div>\n
\n
\n
adding and i was already in<\/div>\n<\/div>\n<\/div>\n
\n
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uh for mia’s pretty solid chords<\/div>\n<\/div>\n<\/div>\n
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around the the core i was trying to get<\/div>\n<\/div>\n<\/div>\n
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uh coming into the day<\/div>\n<\/div>\n<\/div>\n
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so i was happy with my size and at the<\/div>\n<\/div>\n<\/div>\n
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time the context didn’t look great but<\/div>\n<\/div>\n<\/div>\n
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uh<\/div>\n<\/div>\n<\/div>\n
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i mean tape wise definitely some<\/div>\n<\/div>\n<\/div>\n
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momentum ads<\/div>\n<\/div>\n<\/div>\n
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should have been put on and the 25 or<\/div>\n<\/div>\n<\/div>\n
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even<\/div>\n<\/div>\n<\/div>\n
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front run the the 25 break at like 24<\/div>\n<\/div>\n<\/div>\n
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80s<\/div>\n<\/div>\n<\/div>\n
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or something from my seat<\/div>\n<\/div>\n<\/div>\n
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developing a strategy where you’re<\/div>\n<\/div>\n<\/div>\n
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buying<\/div>\n<\/div>\n<\/div>\n
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above 24 and getting bigger<\/div>\n<\/div>\n<\/div>\n
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because it’s holding above 24<\/div>\n<\/div>\n<\/div>\n
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is a strategy that will lead to more<\/div>\n<\/div>\n<\/div>\n
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consistency<\/div>\n<\/div>\n<\/div>\n
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and allow you to be bigger in this setup<\/div>\n<\/div>\n<\/div>\n
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i don’t want to sit here and say<\/div>\n<\/div>\n<\/div>\n
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that you shouldn’t think ever about<\/div>\n<\/div>\n<\/div>\n
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buying below 24<\/div>\n<\/div>\n<\/div>\n
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and certainly there is that 2350<\/div>\n<\/div>\n<\/div>\n
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support level from some of our longer<\/div>\n<\/div>\n<\/div>\n
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term charts i just<\/div>\n<\/div>\n<\/div>\n
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don’t really like the idea of buying<\/div>\n<\/div>\n<\/div>\n
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stocks below support<\/div>\n<\/div>\n<\/div>\n
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support is 24 that’s the place where<\/div>\n<\/div>\n<\/div>\n
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they did the deal at<\/div>\n<\/div>\n<\/div>\n
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when it’s trading below the price they<\/div>\n<\/div>\n<\/div>\n
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did the deal at that’s below support<\/div>\n<\/div>\n<\/div>\n
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you know it can hold it can wick below<\/div>\n<\/div>\n<\/div>\n
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there<\/div>\n<\/div>\n<\/div>\n
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it can shake some people out below there<\/div>\n<\/div>\n<\/div>\n
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but you tend to make the most money in<\/div>\n<\/div>\n<\/div>\n
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trades that are clean<\/div>\n<\/div>\n<\/div>\n
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and you tend to make the most money and<\/div>\n<\/div>\n<\/div>\n
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trades that are showing<\/div>\n<\/div>\n<\/div>\n
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strength on the long side and then<\/div>\n<\/div>\n<\/div>\n
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confirming your strength<\/div>\n<\/div>\n<\/div>\n
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it’s a bit of a it’s a bit of a trade<\/div>\n<\/div>\n<\/div>\n
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that’s too hard<\/div>\n<\/div>\n<\/div>\n
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to trade it below 24. i think he got a<\/div>\n<\/div>\n<\/div>\n
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little bit lucky<\/div>\n<\/div>\n<\/div>\n
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i mean i see the 2350 level but he got a<\/div>\n<\/div>\n<\/div>\n
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little lucky that you didn’t get stopped<\/div>\n<\/div>\n<\/div>\n
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out uh<\/div>\n<\/div>\n<\/div>\n
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i don’t think it’s terrible because i<\/div>\n<\/div>\n<\/div>\n
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think i do think 23.50 is is a little<\/div>\n<\/div>\n<\/div>\n
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bit of a level<\/div>\n<\/div>\n<\/div>\n
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um but<\/div>\n<\/div>\n<\/div>\n
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for my seat i would recommend giving my<\/div>\n<\/div>\n<\/div>\n
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two cents<\/div>\n<\/div>\n<\/div>\n
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that a study of how do i buy<\/div>\n<\/div>\n<\/div>\n
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this when it’s holding about 24 and how<\/div>\n<\/div>\n<\/div>\n
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do i buy more of it<\/div>\n<\/div>\n<\/div>\n
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is a more sustainable psychologically<\/div>\n<\/div>\n<\/div>\n
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easier a way to get bigger a way to be<\/div>\n<\/div>\n<\/div>\n
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more consistent<\/div>\n<\/div>\n<\/div>\n
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strategy than uh but i<\/div>\n<\/div>\n<\/div>\n
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again i don’t want to<\/div>\n<\/div>\n<\/div>\n
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tell you guys how to trade uh if you<\/div>\n<\/div>\n<\/div>\n
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feel like<\/div>\n<\/div>\n<\/div>\n
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on your longer term charts 2350 is<\/div>\n<\/div>\n<\/div>\n
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technical support<\/div>\n<\/div>\n<\/div>\n
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and you feel like that in combination<\/div>\n<\/div>\n<\/div>\n
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with a little jiggering around 24 the<\/div>\n<\/div>\n<\/div>\n
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secondary price makes sense to you<\/div>\n<\/div>\n<\/div>\n
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i mean okay and as long as you keep your<\/div>\n<\/div>\n<\/div>\n
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your stops tight<\/div>\n<\/div>\n<\/div>\n
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okay i think that’s a hard trade<\/div>\n<\/div>\n<\/div>\n
\n
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i i think that the buying above 24 and<\/div>\n<\/div>\n<\/div>\n
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the adding when the wedge pattern<\/div>\n<\/div>\n<\/div>\n
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breaks back to the upside and when<\/div>\n<\/div>\n<\/div>\n
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\n
it’s holding above that 24 60-ish area<\/div>\n<\/div>\n<\/div>\n
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\n
that’s an easier trade and uh yeah i i<\/div>\n<\/div>\n<\/div>\n
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totally agree with that<\/div>\n<\/div>\n<\/div>\n
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uh when i was doing like setting up the<\/div>\n<\/div>\n<\/div>\n
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this kind of powerpoint one thing i was<\/div>\n<\/div>\n<\/div>\n
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thinking about was the uh<\/div>\n<\/div>\n<\/div>\n
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kind of why put all my eggs on the<\/div>\n<\/div>\n<\/div>\n
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basket<\/div>\n<\/div>\n<\/div>\n
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right off the open with all these limits<\/div>\n<\/div>\n<\/div>\n
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where this very well could have<\/div>\n<\/div>\n<\/div>\n
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opened up and just washed everyone out i<\/div>\n<\/div>\n<\/div>\n
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could have<\/div>\n<\/div>\n<\/div>\n
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all my longs could have triggered and<\/div>\n<\/div>\n<\/div>\n
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then stopped out in a matter of<\/div>\n<\/div>\n<\/div>\n
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10 seconds and i probably wouldn’t have<\/div>\n<\/div>\n<\/div>\n
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touched this trade i would probably and<\/div>\n<\/div>\n<\/div>\n
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it wouldn’t have meant anything<\/div>\n<\/div>\n<\/div>\n
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\n
and it could have done all of that and<\/div>\n<\/div>\n<\/div>\n
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not meant at all that it wasn’t going to<\/div>\n<\/div>\n<\/div>\n
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trade higher<\/div>\n<\/div>\n<\/div>\n
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that’s what i meant by saying you got a<\/div>\n<\/div>\n<\/div>\n
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little lucky because that can definitely<\/div>\n<\/div>\n<\/div>\n
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happen<\/div>\n<\/div>\n<\/div>\n
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without it meaning it’s going down or it<\/div>\n<\/div>\n<\/div>\n
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can just be<\/div>\n<\/div>\n<\/div>\n
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some stops getting set off because it’s<\/div>\n<\/div>\n<\/div>\n
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below 24<\/div>\n<\/div>\n<\/div>\n
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and some price volatility<\/div>\n<\/div>\n<\/div>\n
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because it’s below 24 where<\/div>\n<\/div>\n<\/div>\n
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you can’t really control your risk as to<\/div>\n<\/div>\n<\/div>\n
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how much it’s going to wick<\/div>\n<\/div>\n<\/div>\n
\n
\n
and trade below 24 for a short period of<\/div>\n<\/div>\n<\/div>\n
\n
\n
time<\/div>\n<\/div>\n<\/div>\n
\n
\n
but when it’s holding above 24 and time<\/div>\n<\/div>\n<\/div>\n
\n
\n
goes by<\/div>\n<\/div>\n<\/div>\n
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\n
it’s easier to control your risk anyway<\/div>\n<\/div>\n<\/div>\n
\n
\n
appreciate it sam<\/div>\n<\/div>\n<\/div>\n
\n
\n
and thanks to the tape really good job<\/div>\n<\/div>\n<\/div>\n
\n
\n
with the tape there and an excellent job<\/div>\n<\/div>\n<\/div>\n
\n
\n
with your exits good example there hey<\/div>\n<\/div>\n<\/div>\n
\n
\n
go ahead and click our subscribe button<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you don’t miss any of the videos<\/div>\n<\/div>\n<\/div>\n
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they’re producing for you and the<\/div>\n<\/div>\n<\/div>\n
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trading community and please take the<\/div>\n<\/div>\n<\/div>\n
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\n
time to add your feedback<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’d like for us to produce next<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
\n
\n
video from all of us at smb<\/div>\n<\/div>\n<\/div>\n
\n
\n
train and trade well<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn The Secondary Trading Strategy done better. A firm prop trader breaks down his Secondary Trading Strategy and then Mike Bellafiore challenges him to consider an even better way to trade this strategy. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50742,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50740","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nThe Secondary Trading Strategy (done better) | 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\/the-secondary-trading-strategy-done-better\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Secondary Trading Strategy (done better) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, learn The Secondary Trading Strategy done better. 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