{"id":51245,"date":"2021-05-28T14:53:54","date_gmt":"2021-05-28T18:53:54","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51245"},"modified":"2021-05-28T14:53:54","modified_gmt":"2021-05-28T18:53:54","slug":"the-flag-breakout-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-flag-breakout-trade","title":{"rendered":"The Flag Breakout Trade 📈"},"content":{"rendered":"

In this video SMB Trader Kyle walks through a trade he took in Target after better than expected earnings. Learn to trade this flag breakout trade with well defined risk.<\/p>\nView Video Transcript<\/strong><\/span>

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hey guys kyle here in this video i’m<\/div>\n<\/div>\n<\/div>\n
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going to walk you guys through a setup i<\/div>\n<\/div>\n<\/div>\n
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took on target<\/div>\n<\/div>\n<\/div>\n
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after they reported better than expected<\/div>\n<\/div>\n<\/div>\n
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earnings<\/div>\n<\/div>\n<\/div>\n
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on a consolidation break that had a<\/div>\n<\/div>\n<\/div>\n
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well-defined risk to get involved<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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this is from may 19 2021<\/div>\n<\/div>\n<\/div>\n
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it’s a flag on target<\/div>\n<\/div>\n<\/div>\n
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you know it’s a consolidation break they<\/div>\n<\/div>\n<\/div>\n
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had really good earnings<\/div>\n<\/div>\n<\/div>\n
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and that’s why i was in play on this day<\/div>\n<\/div>\n<\/div>\n
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so the game plan coming into the day<\/div>\n<\/div>\n<\/div>\n
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we’re<\/div>\n<\/div>\n<\/div>\n
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i was talking over with this setup with<\/div>\n<\/div>\n<\/div>\n
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a few other guys<\/div>\n<\/div>\n<\/div>\n
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on the team that i’m working with and<\/div>\n<\/div>\n<\/div>\n
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you know we’re simply looking to see if<\/div>\n<\/div>\n<\/div>\n
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this would tighten up and maybe flag out<\/div>\n<\/div>\n<\/div>\n
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on the day<\/div>\n<\/div>\n<\/div>\n
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after building a solid base for me i was<\/div>\n<\/div>\n<\/div>\n
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either looking for a one 5 15 minute<\/div>\n<\/div>\n<\/div>\n
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flag break<\/div>\n<\/div>\n<\/div>\n
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where it’s setting up on those time<\/div>\n<\/div>\n<\/div>\n
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frames or 1 5<\/div>\n<\/div>\n<\/div>\n
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15 hourly um<\/div>\n<\/div>\n<\/div>\n
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it ended up being a little bit extended<\/div>\n<\/div>\n<\/div>\n
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on the hourly but that’s okay<\/div>\n<\/div>\n<\/div>\n
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you know still setting up really nicely<\/div>\n<\/div>\n<\/div>\n
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and it was nice and tight<\/div>\n<\/div>\n<\/div>\n
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gave me a solid risk to reward level and<\/div>\n<\/div>\n<\/div>\n
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i had a 15 minute level to risk off of<\/div>\n<\/div>\n<\/div>\n
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and if we got below it you know the idea<\/div>\n<\/div>\n<\/div>\n
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was dead and that was okay<\/div>\n<\/div>\n<\/div>\n
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so you could kind of see you know the<\/div>\n<\/div>\n<\/div>\n
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game plan below<\/div>\n<\/div>\n<\/div>\n
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that the timing point was this 2 16 25<\/div>\n<\/div>\n<\/div>\n
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and we’ll go over that<\/div>\n<\/div>\n<\/div>\n
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risking off to 14 93 so basically a<\/div>\n<\/div>\n<\/div>\n
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dollar 30 of risk and<\/div>\n<\/div>\n<\/div>\n
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you know really good r multiples if this<\/div>\n<\/div>\n<\/div>\n
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wanted to open up and you know<\/div>\n<\/div>\n<\/div>\n
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it had the possibility to turn into a<\/div>\n<\/div>\n<\/div>\n
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swing so this was a day that<\/div>\n<\/div>\n<\/div>\n
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you know we came into the morning and a<\/div>\n<\/div>\n<\/div>\n
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lot of the crypto names actually tanked<\/div>\n<\/div>\n<\/div>\n
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overnight and many of them were down you<\/div>\n<\/div>\n<\/div>\n
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know<\/div>\n<\/div>\n<\/div>\n
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greater than or equal to 30 percent so<\/div>\n<\/div>\n<\/div>\n
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you know a lot of eyes were in the<\/div>\n<\/div>\n<\/div>\n
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crypto market but you know this is<\/div>\n<\/div>\n<\/div>\n
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aside from that one thing to note we<\/div>\n<\/div>\n<\/div>\n
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like to look at is vix<\/div>\n<\/div>\n<\/div>\n
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and you know the low to high on the day<\/div>\n<\/div>\n<\/div>\n
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was 21.88<\/div>\n<\/div>\n<\/div>\n
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to 25 and<\/div>\n<\/div>\n<\/div>\n
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you know anytime vix is kind of holding<\/div>\n<\/div>\n<\/div>\n
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over 20 i<\/div>\n<\/div>\n<\/div>\n
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really want to see if i can hold things<\/div>\n<\/div>\n<\/div>\n
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a little bit longer because you know<\/div>\n<\/div>\n<\/div>\n
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volatility has picked up<\/div>\n<\/div>\n<\/div>\n
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and sometimes we get some outsized moves<\/div>\n<\/div>\n<\/div>\n
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so the fundamentals of target you know<\/div>\n<\/div>\n<\/div>\n
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they had earnings<\/div>\n<\/div>\n<\/div>\n
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in pre-market better than expected q1<\/div>\n<\/div>\n<\/div>\n
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eps and sales results<\/div>\n<\/div>\n<\/div>\n
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you know they blew up their numbers same<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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same day service services rose more than<\/div>\n<\/div>\n<\/div>\n
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90<\/div>\n<\/div>\n<\/div>\n
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so really good earnings um you know a<\/div>\n<\/div>\n<\/div>\n
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few upgrades as well<\/div>\n<\/div>\n<\/div>\n
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it was really in play on this day<\/div>\n<\/div>\n<\/div>\n
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so the daily volume on this day was or<\/div>\n<\/div>\n<\/div>\n
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the typical volume on target is around<\/div>\n<\/div>\n<\/div>\n
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3.77 million<\/div>\n<\/div>\n<\/div>\n
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arvol on this day was 3.7<\/div>\n<\/div>\n<\/div>\n
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so for something like target you know<\/div>\n<\/div>\n<\/div>\n
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that’s telling you this is certainly in<\/div>\n<\/div>\n<\/div>\n
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play<\/div>\n<\/div>\n<\/div>\n
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um on this given day and of course it<\/div>\n<\/div>\n<\/div>\n
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had a lot to do with earnings<\/div>\n<\/div>\n<\/div>\n
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atr how far you know this stock<\/div>\n<\/div>\n<\/div>\n
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typically moves<\/div>\n<\/div>\n<\/div>\n
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is about four and a half points so you<\/div>\n<\/div>\n<\/div>\n
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could kind of use it as a target but<\/div>\n<\/div>\n<\/div>\n
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you know with arvol over three um<\/div>\n<\/div>\n<\/div>\n
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you could kind of look for maybe a<\/div>\n<\/div>\n<\/div>\n
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little bit more than that maybe two atrs<\/div>\n<\/div>\n<\/div>\n
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maybe three atrs<\/div>\n<\/div>\n<\/div>\n
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um it all kind of just depends on how<\/div>\n<\/div>\n<\/div>\n
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the stock is flowing on that given day<\/div>\n<\/div>\n<\/div>\n
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so the short float you know very low<\/div>\n<\/div>\n<\/div>\n
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only 1.3 percent<\/div>\n<\/div>\n<\/div>\n
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so not that many people are stuck short<\/div>\n<\/div>\n<\/div>\n
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you know who really wants to be a short<\/div>\n<\/div>\n<\/div>\n
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target<\/div>\n<\/div>\n<\/div>\n
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it’s a great company they’re doing very<\/div>\n<\/div>\n<\/div>\n
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well<\/div>\n<\/div>\n<\/div>\n
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you know the stock is breaking out<\/div>\n<\/div>\n<\/div>\n
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and you know the float on this is 500<\/div>\n<\/div>\n<\/div>\n
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million very high institutional<\/div>\n<\/div>\n<\/div>\n
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ownership you know 82 percent<\/div>\n<\/div>\n<\/div>\n
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and typically on day one you know<\/div>\n<\/div>\n<\/div>\n
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earnings<\/div>\n<\/div>\n<\/div>\n
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you really want to see what institutions<\/div>\n<\/div>\n<\/div>\n
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are doing are they buying at the open<\/div>\n<\/div>\n<\/div>\n
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are they selling are they not really<\/div>\n<\/div>\n<\/div>\n
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doing anything and to me<\/div>\n<\/div>\n<\/div>\n
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you know it looked like there was some<\/div>\n<\/div>\n<\/div>\n
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institutional<\/div>\n<\/div>\n<\/div>\n
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um participation on this given day<\/div>\n<\/div>\n<\/div>\n
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so it looked like there’s a possibility<\/div>\n<\/div>\n<\/div>\n
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that you know this day it could actually<\/div>\n<\/div>\n<\/div>\n
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go instead of you know maybe needing a<\/div>\n<\/div>\n<\/div>\n
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day of rest<\/div>\n<\/div>\n<\/div>\n
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and for institutions to kind of talk<\/div>\n<\/div>\n<\/div>\n
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over how the earnings went and<\/div>\n<\/div>\n<\/div>\n
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everything<\/div>\n<\/div>\n<\/div>\n
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so the long term on target you know the<\/div>\n<\/div>\n<\/div>\n
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daily right here it was at 52 week highs<\/div>\n<\/div>\n<\/div>\n
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breaking out on the daily from great<\/div>\n<\/div>\n<\/div>\n
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earnings on elevated arvol<\/div>\n<\/div>\n<\/div>\n
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you could kind of see it’s been building<\/div>\n<\/div>\n<\/div>\n
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some higher lows but kind of<\/div>\n<\/div>\n<\/div>\n
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consolidating for the last couple months<\/div>\n<\/div>\n<\/div>\n
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and then we broke over that from the<\/div>\n<\/div>\n<\/div>\n
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earnings<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three more real<\/div>\n<\/div>\n<\/div>\n
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world setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders<\/div>\n<\/div>\n<\/div>\n
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and the setup that turned one of our<\/div>\n<\/div>\n<\/div>\n
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traders into a seven figure<\/div>\n<\/div>\n<\/div>\n
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big money earner check out the free<\/div>\n<\/div>\n<\/div>\n
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just go ahead<\/div>\n<\/div>\n<\/div>\n
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and click the link that should be<\/div>\n<\/div>\n<\/div>\n
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appearing now at the top<\/div>\n<\/div>\n<\/div>\n
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right hand corner of your screen that<\/div>\n<\/div>\n<\/div>\n
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will open up the free registration page<\/div>\n<\/div>\n<\/div>\n
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in a new window so 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 so<\/div>\n<\/div>\n<\/div>\n
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this is the setup that actually<\/div>\n<\/div>\n<\/div>\n
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got me involved you could kind of see we<\/div>\n<\/div>\n<\/div>\n
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you know had that opening push<\/div>\n<\/div>\n<\/div>\n
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we pull back in get nice and tight spend<\/div>\n<\/div>\n<\/div>\n
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you know looks like an hour or so of<\/div>\n<\/div>\n<\/div>\n
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consolidation<\/div>\n<\/div>\n<\/div>\n
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of you know going sideways consolidating<\/div>\n<\/div>\n<\/div>\n
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getting nice and tight<\/div>\n<\/div>\n<\/div>\n
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and that’s what i’m always looking for<\/div>\n<\/div>\n<\/div>\n
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you know i want to see a level where<\/div>\n<\/div>\n<\/div>\n
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a stock gets nice and tight and i have a<\/div>\n<\/div>\n<\/div>\n
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level to risk off of<\/div>\n<\/div>\n<\/div>\n
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and if we break out of that level out of<\/div>\n<\/div>\n<\/div>\n
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that flag or that consolidation you know<\/div>\n<\/div>\n<\/div>\n
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the<\/div>\n<\/div>\n<\/div>\n
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theory is if you think people are you<\/div>\n<\/div>\n<\/div>\n
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know stuck short on the day<\/div>\n<\/div>\n<\/div>\n
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they’re probably risking off that level<\/div>\n<\/div>\n<\/div>\n
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or those lower highs right above<\/div>\n<\/div>\n<\/div>\n
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and you know you should start to see<\/div>\n<\/div>\n<\/div>\n
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them paying you know covering on the<\/div>\n<\/div>\n<\/div>\n
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offer<\/div>\n<\/div>\n<\/div>\n
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so you know lifting the offer as well as<\/div>\n<\/div>\n<\/div>\n
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you know longs who like this idea<\/div>\n<\/div>\n<\/div>\n
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um they’re probably taking it around<\/div>\n<\/div>\n<\/div>\n
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this level as well so what you really<\/div>\n<\/div>\n<\/div>\n
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want to see<\/div>\n<\/div>\n<\/div>\n
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is if you’re playing a timing point like<\/div>\n<\/div>\n<\/div>\n
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this you know a flag break or<\/div>\n<\/div>\n<\/div>\n
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consolidation break<\/div>\n<\/div>\n<\/div>\n
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you want to see the stock push away from<\/div>\n<\/div>\n<\/div>\n
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price<\/div>\n<\/div>\n<\/div>\n
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rather quickly and you want to see it on<\/div>\n<\/div>\n<\/div>\n
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volume<\/div>\n<\/div>\n<\/div>\n
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and we do see some volume come in um<\/div>\n<\/div>\n<\/div>\n
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of course would have liked it to you<\/div>\n<\/div>\n<\/div>\n
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know push away a little bit quicker<\/div>\n<\/div>\n<\/div>\n
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and with a little bit more volume but we<\/div>\n<\/div>\n<\/div>\n
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do see you know volume start to pick up<\/div>\n<\/div>\n<\/div>\n
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what are the time frames for each of<\/div>\n<\/div>\n<\/div>\n
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those charts yeah so the one on the left<\/div>\n<\/div>\n<\/div>\n
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is the one minute the five minute on the<\/div>\n<\/div>\n<\/div>\n
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right 15 minute bottom left<\/div>\n<\/div>\n<\/div>\n
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and then the hourly on the bottom right<\/div>\n<\/div>\n<\/div>\n
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okay and so<\/div>\n<\/div>\n<\/div>\n
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for this trade you want to see all of<\/div>\n<\/div>\n<\/div>\n
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those time frames setting up tightly<\/div>\n<\/div>\n<\/div>\n
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ideally now it was a little bit extended<\/div>\n<\/div>\n<\/div>\n
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on the hourly you can see<\/div>\n<\/div>\n<\/div>\n
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um that blue line is the 90ma and that’s<\/div>\n<\/div>\n<\/div>\n
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kind of how i determine<\/div>\n<\/div>\n<\/div>\n
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or get a good feel if something’s needs<\/div>\n<\/div>\n<\/div>\n
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to spend a little bit more time<\/div>\n<\/div>\n<\/div>\n
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and you could kind of see the hourly<\/div>\n<\/div>\n<\/div>\n
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bottom right was a little bit extended<\/div>\n<\/div>\n<\/div>\n
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but a one five fifteen minute flag is<\/div>\n<\/div>\n<\/div>\n
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still a setup for me that you know i’m<\/div>\n<\/div>\n<\/div>\n
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happy to take<\/div>\n<\/div>\n<\/div>\n
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the title of the presentation though is<\/div>\n<\/div>\n<\/div>\n
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1 5 15 right yeah flag break<\/div>\n<\/div>\n<\/div>\n
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and that was your game planning yeah for<\/div>\n<\/div>\n<\/div>\n
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the open<\/div>\n<\/div>\n<\/div>\n
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yeah so is the hour hourly setting up<\/div>\n<\/div>\n<\/div>\n
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tightly<\/div>\n<\/div>\n<\/div>\n
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super important or is that just sort of<\/div>\n<\/div>\n<\/div>\n
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yeah so<\/div>\n<\/div>\n<\/div>\n
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after 1 pm i don’t want to be taking<\/div>\n<\/div>\n<\/div>\n
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only a 1 5 15 minute flag break i want<\/div>\n<\/div>\n<\/div>\n
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it to also be setting up on the hourly<\/div>\n<\/div>\n<\/div>\n
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earlier in the day i will take this<\/div>\n<\/div>\n<\/div>\n
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setup it doesn’t have to be as tight on<\/div>\n<\/div>\n<\/div>\n
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the hourly but you know if it can that’s<\/div>\n<\/div>\n<\/div>\n
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even better<\/div>\n<\/div>\n<\/div>\n
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more market participants<\/div>\n<\/div>\n<\/div>\n
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um so we could kind of see that um or<\/div>\n<\/div>\n<\/div>\n
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that box right there is day one where i<\/div>\n<\/div>\n<\/div>\n
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got involved<\/div>\n<\/div>\n<\/div>\n
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now you know i was out of it by the end<\/div>\n<\/div>\n<\/div>\n
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of the day but this is something that<\/div>\n<\/div>\n<\/div>\n
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down the road and something that i’m<\/div>\n<\/div>\n<\/div>\n
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working on with someone who i have an<\/div>\n<\/div>\n<\/div>\n
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account with<\/div>\n<\/div>\n<\/div>\n
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um you know we’re working on some of<\/div>\n<\/div>\n<\/div>\n
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these bigger ideas you know maybe<\/div>\n<\/div>\n<\/div>\n
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covering risk<\/div>\n<\/div>\n<\/div>\n
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and then you know something like this<\/div>\n<\/div>\n<\/div>\n
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where it has great earnings<\/div>\n<\/div>\n<\/div>\n
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you can just give me the initials who is<\/div>\n<\/div>\n<\/div>\n
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the person you’re um<\/div>\n<\/div>\n<\/div>\n
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tim okay that was that’s the full name<\/div>\n<\/div>\n<\/div>\n
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yeah i know but<\/div>\n<\/div>\n<\/div>\n
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i don’t think he cares gotcha um<\/div>\n<\/div>\n<\/div>\n
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so yeah something like this that has<\/div>\n<\/div>\n<\/div>\n
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great earnings<\/div>\n<\/div>\n<\/div>\n
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above 52-week highs you know nice and<\/div>\n<\/div>\n<\/div>\n
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tight risk and you could cover some risk<\/div>\n<\/div>\n<\/div>\n
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um you know this is something that we’re<\/div>\n<\/div>\n<\/div>\n
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looking to swing down the road<\/div>\n<\/div>\n<\/div>\n
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so just an idea we do not talk about<\/div>\n<\/div>\n<\/div>\n
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this<\/div>\n<\/div>\n<\/div>\n
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very much but might be interesting for<\/div>\n<\/div>\n<\/div>\n
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initials tim also to take a look at<\/div>\n<\/div>\n<\/div>\n
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so we get a ton of research here yeah<\/div>\n<\/div>\n<\/div>\n
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and when you’re<\/div>\n<\/div>\n<\/div>\n
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game planning before the open for a very<\/div>\n<\/div>\n<\/div>\n
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specific trade<\/div>\n<\/div>\n<\/div>\n
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it might it might make sense for one of<\/div>\n<\/div>\n<\/div>\n
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you<\/div>\n<\/div>\n<\/div>\n
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to just sort of take some take a look at<\/div>\n<\/div>\n<\/div>\n
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some of the notes that are coming in<\/div>\n<\/div>\n<\/div>\n
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yeah on these particular<\/div>\n<\/div>\n<\/div>\n
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stocks on this particular stock and see<\/div>\n<\/div>\n<\/div>\n
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if it’s<\/div>\n<\/div>\n<\/div>\n
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if there’s some research that could<\/div>\n<\/div>\n<\/div>\n
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drive this or have some uh<\/div>\n<\/div>\n<\/div>\n
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have some added ammunition behind your<\/div>\n<\/div>\n<\/div>\n
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thesis<\/div>\n<\/div>\n<\/div>\n
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i’m not suggesting to dive really really<\/div>\n<\/div>\n<\/div>\n
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deep into the fundamentals or not but<\/div>\n<\/div>\n<\/div>\n
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it would be interesting to note that i<\/div>\n<\/div>\n<\/div>\n
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actually think initials t-i-m<\/div>\n<\/div>\n<\/div>\n
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yeah he loves to dive into it would find<\/div>\n<\/div>\n<\/div>\n
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that interesting you might say hey<\/div>\n<\/div>\n<\/div>\n
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you’re seeing anything in the research<\/div>\n<\/div>\n<\/div>\n
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yeah that can help us<\/div>\n<\/div>\n<\/div>\n
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and you can say hey the technicals are<\/div>\n<\/div>\n<\/div>\n
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setting up yeah i will say<\/div>\n<\/div>\n<\/div>\n
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i think that’s why we do fit well<\/div>\n<\/div>\n<\/div>\n
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together he comes into the day with a<\/div>\n<\/div>\n<\/div>\n
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lot of you know fundamental analysis<\/div>\n<\/div>\n<\/div>\n
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and he’ll tell me why he thinks it’s<\/div>\n<\/div>\n<\/div>\n
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mark is in play then he should do his<\/div>\n<\/div>\n<\/div>\n
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part you should be like<\/div>\n<\/div>\n<\/div>\n
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\n
initials t-i-m yeah what do we got yeah<\/div>\n<\/div>\n<\/div>\n
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this was actually kind of prior to<\/div>\n<\/div>\n<\/div>\n
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us um forming that account um but we did<\/div>\n<\/div>\n<\/div>\n
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talk about this idea okay<\/div>\n<\/div>\n<\/div>\n
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\n
good you know this was a setup in my<\/div>\n<\/div>\n<\/div>\n
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playbook<\/div>\n<\/div>\n<\/div>\n
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it had great earnings high institutional<\/div>\n<\/div>\n<\/div>\n
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\n
ownership<\/div>\n<\/div>\n<\/div>\n
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um elevated arvol you know definitely in<\/div>\n<\/div>\n<\/div>\n
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play over three<\/div>\n<\/div>\n<\/div>\n
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three times its typical volume the risk<\/div>\n<\/div>\n<\/div>\n
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to reward<\/div>\n<\/div>\n<\/div>\n
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on the day was you know greater than or<\/div>\n<\/div>\n<\/div>\n
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equal to three to one<\/div>\n<\/div>\n<\/div>\n
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anything under that i really don’t want<\/div>\n<\/div>\n<\/div>\n
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to really be messing with<\/div>\n<\/div>\n<\/div>\n
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\n
um and of course if you’re looking at<\/div>\n<\/div>\n<\/div>\n
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\n
this at a higher time frame you know<\/div>\n<\/div>\n<\/div>\n
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\n
over a course of a multiple you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
multiple days if you’re playing<\/div>\n<\/div>\n<\/div>\n
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\n
for that bigger move definitely 10 to 1<\/div>\n<\/div>\n<\/div>\n
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\n
is realistic with you know some levels<\/div>\n<\/div>\n<\/div>\n
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\n
we had in mind<\/div>\n<\/div>\n<\/div>\n
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\n
there’s a clear level where i’m wrong<\/div>\n<\/div>\n<\/div>\n
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\n
out of all of this that’s probably<\/div>\n<\/div>\n<\/div>\n
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\n
always the most important for me<\/div>\n<\/div>\n<\/div>\n
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\n
i want to know exactly where i’m wrong<\/div>\n<\/div>\n<\/div>\n
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\n
you know worst case scenario<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s where my hard stop goes but of<\/div>\n<\/div>\n<\/div>\n
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\n
course you know more times than not<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s an exit<\/div>\n<\/div>\n<\/div>\n
\n
\n
prior to that full one-hour loss yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so we’re in a different regime in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
different regime<\/div>\n<\/div>\n<\/div>\n
\n
\n
retail has done very very well yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
retail is one of the places where big<\/div>\n<\/div>\n<\/div>\n
\n
\n
money is putting<\/div>\n<\/div>\n<\/div>\n
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\n
uh capital behind for the reopening<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah uh and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s something to be thinking about as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well which is<\/div>\n<\/div>\n<\/div>\n
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\n
hey this is in a sector that’s getting<\/div>\n<\/div>\n<\/div>\n
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\n
big money behind it<\/div>\n<\/div>\n<\/div>\n
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\n
and that’s a that might be a variable<\/div>\n<\/div>\n<\/div>\n
\n
\n
for you to be thinking about it’s a<\/div>\n<\/div>\n<\/div>\n
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\n
strong sector yeah for sure i agree with<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and then the final one is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a clear level where<\/div>\n<\/div>\n<\/div>\n
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\n
you know shorts on this given day are<\/div>\n<\/div>\n<\/div>\n
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\n
wrong and likely will cut and that ends<\/div>\n<\/div>\n<\/div>\n
\n
\n
up kind of being my timing point that<\/div>\n<\/div>\n<\/div>\n
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\n
consolidation break that lower high<\/div>\n<\/div>\n<\/div>\n
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\n
break<\/div>\n<\/div>\n<\/div>\n
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\n
that’s where it looked like a lot of<\/div>\n<\/div>\n<\/div>\n
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\n
shorts were probably going to be risking<\/div>\n<\/div>\n<\/div>\n
\n
\n
off of and<\/div>\n<\/div>\n<\/div>\n
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\n
you know we did end up seeing that when<\/div>\n<\/div>\n<\/div>\n
\n
\n
it did break that timing point you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape was speeding up so that kind of<\/div>\n<\/div>\n<\/div>\n
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\n
indicates that<\/div>\n<\/div>\n<\/div>\n
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\n
maybe some longs are hopping in and some<\/div>\n<\/div>\n<\/div>\n
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\n
shorts are covering covering up<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can kind of see right here um<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ll start with the bottom right<\/div>\n<\/div>\n<\/div>\n
\n
\n
is you know we kind of wick down a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit and at this point i’m<\/div>\n<\/div>\n<\/div>\n
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\n
thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s kind of hard to see that wick a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit but you know we wicked<\/div>\n<\/div>\n<\/div>\n
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\n
through<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh 215 and at that point it actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
looks like the idea is not going to set<\/div>\n<\/div>\n<\/div>\n
\n
\n
up and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s just not going to set up for me on<\/div>\n<\/div>\n<\/div>\n
\n
\n
this given day but then we reclaim<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i was actually able to take half of<\/div>\n<\/div>\n<\/div>\n
\n
\n
my position right there get some better<\/div>\n<\/div>\n<\/div>\n
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\n
prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s something i’m kind of working on<\/div>\n<\/div>\n<\/div>\n
\n
\n
with my team or with the team i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
working with i should say it’s getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
some better prices<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe your win rate is going to be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit lower but you don’t have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get full size there you can take<\/div>\n<\/div>\n<\/div>\n
\n
\n
something<\/div>\n<\/div>\n<\/div>\n
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\n
in this case i took half of what i<\/div>\n<\/div>\n<\/div>\n
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\n
wanted<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m risking off that wick low and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then we kind of tighten up a little bit<\/div>\n<\/div>\n<\/div>\n
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\n
i probably should have you know been<\/div>\n<\/div>\n<\/div>\n
\n
\n
showing a 5 minute or 15 minute here but<\/div>\n<\/div>\n<\/div>\n
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\n
this is a one minute<\/div>\n<\/div>\n<\/div>\n
\n
\n
we end up tightening up and flagging out<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s where i add the rest<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and that’s where i think you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
shorts are probably hitting out and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
do kind of see some volume come in and<\/div>\n<\/div>\n<\/div>\n
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\n
that candle<\/div>\n<\/div>\n<\/div>\n
\n
\n
really expands a bit um so what i’m<\/div>\n<\/div>\n<\/div>\n
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\n
typically doing<\/div>\n<\/div>\n<\/div>\n
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\n
is on my first reason to sell you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
that can be a target i have in mind or<\/div>\n<\/div>\n<\/div>\n
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\n
you know some reason that comes up maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a stuff<\/div>\n<\/div>\n<\/div>\n
\n
\n
or a higher time frame breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know on this given day like a 5<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute or 15 minute typically selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
half to cover risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then i really want to see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
second half work out in my favor<\/div>\n<\/div>\n<\/div>\n
\n
\n
typically splitting that second half<\/div>\n<\/div>\n<\/div>\n
\n
\n
into three even lots or four even lots<\/div>\n<\/div>\n<\/div>\n
\n
\n
something like that<\/div>\n<\/div>\n<\/div>\n
\n
\n
now in this case you know i get that<\/div>\n<\/div>\n<\/div>\n
\n
\n
first reason to sell i sell half<\/div>\n<\/div>\n<\/div>\n
\n
\n
then we kind of push again and we stuff<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little bit so i saw another third<\/div>\n<\/div>\n<\/div>\n
\n
\n
of my second half and then we kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
break down again and there’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know in that same candle i actually<\/div>\n<\/div>\n<\/div>\n
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\n
end up selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
another third so then we pull back in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we start to consolidate sideways and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is again another thing i’m working<\/div>\n<\/div>\n<\/div>\n
\n
\n
on as well is<\/div>\n<\/div>\n<\/div>\n
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\n
adding back to that position if i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to stay in it<\/div>\n<\/div>\n<\/div>\n
\n
\n
i still have conviction behind it and if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it kind of builds a higher low<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it sets up again well i want to add<\/div>\n<\/div>\n<\/div>\n
\n
\n
something back i don’t have to double up<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t have to you know get out of hand<\/div>\n<\/div>\n<\/div>\n
\n
\n
but even adding a third back or two<\/div>\n<\/div>\n<\/div>\n
\n
\n
thirds back<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s something i’m certainly working<\/div>\n<\/div>\n<\/div>\n
\n
\n
on and often you’ll get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know a new level to risk off of so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can kind of see<\/div>\n<\/div>\n<\/div>\n
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\n
i throw some bids out there i throw a<\/div>\n<\/div>\n<\/div>\n
\n
\n
couple offers out there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i believe i add back a third of what<\/div>\n<\/div>\n<\/div>\n
\n
\n
i sold<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know from my second half so i’m not<\/div>\n<\/div>\n<\/div>\n
\n
\n
overly big but i add something back<\/div>\n<\/div>\n<\/div>\n
\n
\n
um and now all of my risk is off that<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher low right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we kind of start to build you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know some higher lows again<\/div>\n<\/div>\n<\/div>\n
\n
\n
we start to grind higher and we run into<\/div>\n<\/div>\n<\/div>\n
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\n
some problems again<\/div>\n<\/div>\n<\/div>\n
\n
\n
up by 217 and i sell half right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we kind of end up breaking a 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute level and that’s where i<\/div>\n<\/div>\n<\/div>\n
\n
\n
end up getting flat you can kind of see<\/div>\n<\/div>\n<\/div>\n
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\n
i do end up puking kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the remainder of my um shares but if i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
thinking<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know bigger idea down the road<\/div>\n<\/div>\n<\/div>\n
\n
\n
especially with that account that we now<\/div>\n<\/div>\n<\/div>\n
\n
\n
have<\/div>\n<\/div>\n<\/div>\n
\n
\n
um you know this final piece is<\/div>\n<\/div>\n<\/div>\n
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\n
something that we could definitely swing<\/div>\n<\/div>\n<\/div>\n
\n
\n
so couple things so do you see where we<\/div>\n<\/div>\n<\/div>\n
\n
\n
break out<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah we break out above the flag yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
all right so<\/div>\n<\/div>\n<\/div>\n
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\n
things that we want to say we want to<\/div>\n<\/div>\n<\/div>\n
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\n
see<\/div>\n<\/div>\n<\/div>\n
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\n
increased volume yeah and we want to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
it move away from price a bunch<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t know that we really see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
relative to probably the best trades<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah that flag and break out i agree<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s going to get me<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be a little bit more cautious when we<\/div>\n<\/div>\n<\/div>\n
\n
\n
pull in<\/div>\n<\/div>\n<\/div>\n
\n
\n
but point two is if there is<\/div>\n<\/div>\n<\/div>\n
\n
\n
institutional participation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this is going to be clean and this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to go for a couple of days when<\/div>\n<\/div>\n<\/div>\n
\n
\n
that actually pulls in<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah to the level it broke out from<\/div>\n<\/div>\n<\/div>\n
\n
\n
there should be buying there<\/div>\n<\/div>\n<\/div>\n
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\n
yeah and it should be relatively clean<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we actually do see that part<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah we do see that so i don’t i don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’d love to see more volume<\/div>\n<\/div>\n<\/div>\n
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\n
i’d love to see the move away from price<\/div>\n<\/div>\n<\/div>\n
\n
\n
better yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i do like the fact that it’s holding<\/div>\n<\/div>\n<\/div>\n
\n
\n
above that area that it broke out from<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
i do as well and we actually kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
wicked down a little bit<\/div>\n<\/div>\n<\/div>\n
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\n
a few times and you could do see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
someone is bidding for some prices and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know holding this up and exactly we<\/div>\n<\/div>\n<\/div>\n
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\n
pull into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of breakout zone that maybe didn’t<\/div>\n<\/div>\n<\/div>\n
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\n
do the volume that we would have liked<\/div>\n<\/div>\n<\/div>\n
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\n
to see but again<\/div>\n<\/div>\n<\/div>\n
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\n
you know we hold build some higher lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we’re kind of off to the races<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is something that again definitely<\/div>\n<\/div>\n<\/div>\n
\n
\n
does end up grinding higher over the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next few days and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is you know the area of improvement<\/div>\n<\/div>\n<\/div>\n
\n
\n
that i can work on<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i don’t have the tape but there was a<\/div>\n<\/div>\n<\/div>\n
\n
\n
moment before the setup<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the long that it looked like it<\/div>\n<\/div>\n<\/div>\n
\n
\n
could roll over and people started<\/div>\n<\/div>\n<\/div>\n
\n
\n
slamming the bids<\/div>\n<\/div>\n<\/div>\n
\n
\n
only for it to reclaim and have offers<\/div>\n<\/div>\n<\/div>\n
\n
\n
lift rather quickly so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know we kind of wick down i think<\/div>\n<\/div>\n<\/div>\n
\n
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it’s not going to set up<\/div>\n<\/div>\n<\/div>\n
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you know some people maybe had a long<\/div>\n<\/div>\n<\/div>\n
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idea that they were waiting for and then<\/div>\n<\/div>\n<\/div>\n
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all of a sudden it looks like it’s going<\/div>\n<\/div>\n<\/div>\n
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to break down so maybe they hid in short<\/div>\n<\/div>\n<\/div>\n
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kind of look like that on the bids but<\/div>\n<\/div>\n<\/div>\n
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instead we wick right<\/div>\n<\/div>\n<\/div>\n
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back up and that’s actually where i<\/div>\n<\/div>\n<\/div>\n
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ended up taking half of my position<\/div>\n<\/div>\n<\/div>\n
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yeah and just highlighting that is a key<\/div>\n<\/div>\n<\/div>\n
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signal from reading the tape<\/div>\n<\/div>\n<\/div>\n
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a set up like that you think it’s going<\/div>\n<\/div>\n<\/div>\n
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to break down yeah<\/div>\n<\/div>\n<\/div>\n
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it doesn’t it comes back reclaims the<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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yeah that that is that’s a<\/div>\n<\/div>\n<\/div>\n
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see it moment yeah from you’re reading<\/div>\n<\/div>\n<\/div>\n
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the tape skills<\/div>\n<\/div>\n<\/div>\n
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yeah yeah i agree with that and there<\/div>\n<\/div>\n<\/div>\n
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was actually a point where i was like<\/div>\n<\/div>\n<\/div>\n
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is this short right here and then i was<\/div>\n<\/div>\n<\/div>\n
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kind of looking at it i was looking at<\/div>\n<\/div>\n<\/div>\n
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where i was risking where i thought it<\/div>\n<\/div>\n<\/div>\n
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could<\/div>\n<\/div>\n<\/div>\n
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go and with great earnings the risk to<\/div>\n<\/div>\n<\/div>\n
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reward really didn’t make sense to me<\/div>\n<\/div>\n<\/div>\n
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um but yeah we ended up wicking right<\/div>\n<\/div>\n<\/div>\n
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back up<\/div>\n<\/div>\n<\/div>\n
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and then end up you know flagging out on<\/div>\n<\/div>\n<\/div>\n
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elevated volume you know again we could<\/div>\n<\/div>\n<\/div>\n
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have saw a little bit more volume<\/div>\n<\/div>\n<\/div>\n
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and we pushed away from price indicating<\/div>\n<\/div>\n<\/div>\n
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that you know the idea was more than<\/div>\n<\/div>\n<\/div>\n
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likely going to work and i had some good<\/div>\n<\/div>\n<\/div>\n
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prices where<\/div>\n<\/div>\n<\/div>\n
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you know i was in a good position of<\/div>\n<\/div>\n<\/div>\n
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comfort on it<\/div>\n<\/div>\n<\/div>\n
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um we then pull in and hold that 215 86.<\/div>\n<\/div>\n<\/div>\n
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yeah just<\/div>\n<\/div>\n<\/div>\n
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i just want one more point about this i<\/div>\n<\/div>\n<\/div>\n
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actually think that’s something you<\/div>\n<\/div>\n<\/div>\n
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might think about<\/div>\n<\/div>\n<\/div>\n
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for a tag so i don’t know if you want to<\/div>\n<\/div>\n<\/div>\n
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call that<\/div>\n<\/div>\n<\/div>\n
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the failed wick i don’t know if you want<\/div>\n<\/div>\n<\/div>\n
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to call that<\/div>\n<\/div>\n<\/div>\n
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a see it moment yeah from your reading<\/div>\n<\/div>\n<\/div>\n
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the tape yeah<\/div>\n<\/div>\n<\/div>\n
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probably better to sort of call it a<\/div>\n<\/div>\n<\/div>\n
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i think the wick part uh the failed<\/div>\n<\/div>\n<\/div>\n
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breakdown<\/div>\n<\/div>\n<\/div>\n
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breakdown yeah that that’s worth tagging<\/div>\n<\/div>\n<\/div>\n
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yeah in my sentence in measuring that<\/div>\n<\/div>\n<\/div>\n
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yeah and seeing if you want to put on a<\/div>\n<\/div>\n<\/div>\n
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little bit more risk when you see<\/div>\n<\/div>\n<\/div>\n
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something like that yeah for setups like<\/div>\n<\/div>\n<\/div>\n
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this<\/div>\n<\/div>\n<\/div>\n
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yeah because i don’t think i think<\/div>\n<\/div>\n<\/div>\n
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that variable to it makes you want to<\/div>\n<\/div>\n<\/div>\n
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put on more risk<\/div>\n<\/div>\n<\/div>\n
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than others yeah and my sense is<\/div>\n<\/div>\n<\/div>\n
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measuring that will give you some good<\/div>\n<\/div>\n<\/div>\n
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information for<\/div>\n<\/div>\n<\/div>\n
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your trading yeah that’s something i’ll<\/div>\n<\/div>\n<\/div>\n
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definitely do and easy to do with you<\/div>\n<\/div>\n<\/div>\n
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know the software we use<\/div>\n<\/div>\n<\/div>\n
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um but again then we pull in and hold<\/div>\n<\/div>\n<\/div>\n
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that 215 80 level<\/div>\n<\/div>\n<\/div>\n
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where i’m able to add back and you know<\/div>\n<\/div>\n<\/div>\n
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double back up i guess i ended up<\/div>\n<\/div>\n<\/div>\n
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doubling back up but again my cost basis<\/div>\n<\/div>\n<\/div>\n
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was still<\/div>\n<\/div>\n<\/div>\n
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above that higher low i was using um<\/div>\n<\/div>\n<\/div>\n
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\n
and we begin to break out and you know<\/div>\n<\/div>\n<\/div>\n
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\n
basically i’m in a risk-free position<\/div>\n<\/div>\n<\/div>\n
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where i’m risking is basically where my<\/div>\n<\/div>\n<\/div>\n
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cost basis is<\/div>\n<\/div>\n<\/div>\n
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um and again this is something i’m<\/div>\n<\/div>\n<\/div>\n
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always working on adding back to a<\/div>\n<\/div>\n<\/div>\n
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position when it holds up<\/div>\n<\/div>\n<\/div>\n
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and you know it sets up again so again i<\/div>\n<\/div>\n<\/div>\n
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i do like how i saw the position<\/div>\n<\/div>\n<\/div>\n
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beginning to develop and took you know<\/div>\n<\/div>\n<\/div>\n
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about half size<\/div>\n<\/div>\n<\/div>\n
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um when we do wick down and then wake up<\/div>\n<\/div>\n<\/div>\n
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back up so you know i’m happy i did that<\/div>\n<\/div>\n<\/div>\n
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that’s not something<\/div>\n<\/div>\n<\/div>\n
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that i used to do but again with working<\/div>\n<\/div>\n<\/div>\n
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with a few guys<\/div>\n<\/div>\n<\/div>\n
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they said why not get better prices you<\/div>\n<\/div>\n<\/div>\n
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know so that’s something<\/div>\n<\/div>\n<\/div>\n
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where you can improve you know the<\/div>\n<\/div>\n<\/div>\n
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reward on this position so<\/div>\n<\/div>\n<\/div>\n
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that’s something you know i’m happy i<\/div>\n<\/div>\n<\/div>\n
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did<\/div>\n<\/div>\n<\/div>\n
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i like the way i was aggressive with my<\/div>\n<\/div>\n<\/div>\n
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first half and left a third on of my<\/div>\n<\/div>\n<\/div>\n
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final half<\/div>\n<\/div>\n<\/div>\n
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and added back to the position when it<\/div>\n<\/div>\n<\/div>\n
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you know held a new higher low that i<\/div>\n<\/div>\n<\/div>\n
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could see<\/div>\n<\/div>\n<\/div>\n
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that i could risk off of<\/div>\n<\/div>\n<\/div>\n
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um it was almost like i t wapped into<\/div>\n<\/div>\n<\/div>\n
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back into the position but you know<\/div>\n<\/div>\n<\/div>\n
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i didn’t i was just throwing out some<\/div>\n<\/div>\n<\/div>\n
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bids up as it was holding up but that is<\/div>\n<\/div>\n<\/div>\n
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something that i could you know consider<\/div>\n<\/div>\n<\/div>\n
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maybe just t<\/div>\n<\/div>\n<\/div>\n
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whopping back into it a bit and that’s<\/div>\n<\/div>\n<\/div>\n
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kind of an<\/div>\n<\/div>\n<\/div>\n
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algorithm that we had that we could kind<\/div>\n<\/div>\n<\/div>\n
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of throw out some orders over a period<\/div>\n<\/div>\n<\/div>\n
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of time<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s something i’ve you know messed<\/div>\n<\/div>\n<\/div>\n
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\n
with in the past<\/div>\n<\/div>\n<\/div>\n
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an area of improvement is withholding my<\/div>\n<\/div>\n<\/div>\n
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final third of my second half<\/div>\n<\/div>\n<\/div>\n
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it’s not a lot of size relative to you<\/div>\n<\/div>\n<\/div>\n
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\n
know what the position was<\/div>\n<\/div>\n<\/div>\n
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\n
but i can hold it for a swing as it<\/div>\n<\/div>\n<\/div>\n
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\n
closed you know in the top 25<\/div>\n<\/div>\n<\/div>\n
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\n
or 20 percent of the move on the day it<\/div>\n<\/div>\n<\/div>\n
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\n
had great earnings<\/div>\n<\/div>\n<\/div>\n
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high institutional ownership and it was<\/div>\n<\/div>\n<\/div>\n
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on elevated you know<\/div>\n<\/div>\n<\/div>\n
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\n
volume of over three so this can result<\/div>\n<\/div>\n<\/div>\n
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in a really nice day two day three day<\/div>\n<\/div>\n<\/div>\n
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\n
four and so on<\/div>\n<\/div>\n<\/div>\n
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\n
um so again this is something that tim<\/div>\n<\/div>\n<\/div>\n
\n
\n
and myself<\/div>\n<\/div>\n<\/div>\n
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are working on with you know an account<\/div>\n<\/div>\n<\/div>\n
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that we have to<\/div>\n<\/div>\n<\/div>\n
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\n
you know together and today you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stock has pushed all the way up to<\/div>\n<\/div>\n<\/div>\n
\n
\n
228 so there’s definitely room<\/div>\n<\/div>\n<\/div>\n
\n
\n
to kind of you know make a little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
more on this position with riding out<\/div>\n<\/div>\n<\/div>\n
\n
\n
part of it as a swing but yeah that’s<\/div>\n<\/div>\n<\/div>\n
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\n
about it<\/div>\n<\/div>\n<\/div>\n
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\n
yeah i like the idea of thinking about<\/div>\n<\/div>\n<\/div>\n
\n
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this longer term as well and you can<\/div>\n<\/div>\n<\/div>\n
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\n
trade your personal account<\/div>\n<\/div>\n<\/div>\n
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\n
yeah and have certain strategies and<\/div>\n<\/div>\n<\/div>\n
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\n
then initials tim and you can be working<\/div>\n<\/div>\n<\/div>\n
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on this i don’t want to give them away i<\/div>\n<\/div>\n<\/div>\n
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think i did<\/div>\n<\/div>\n<\/div>\n
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\n
um you guys can be working on that for a<\/div>\n<\/div>\n<\/div>\n
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\n
different trade<\/div>\n<\/div>\n<\/div>\n
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\n
yeah together so that’s that’s really<\/div>\n<\/div>\n<\/div>\n
\n
\n
good uh while we have you here<\/div>\n<\/div>\n<\/div>\n
\n
\n
thanks for doing that but while we have<\/div>\n<\/div>\n<\/div>\n
\n
\n
you here i know you’re working on one<\/div>\n<\/div>\n<\/div>\n
\n
\n
thing in particular with dr steenberger<\/div>\n<\/div>\n<\/div>\n
\n
\n
if in a couple minutes you might share<\/div>\n<\/div>\n<\/div>\n
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if you would<\/div>\n<\/div>\n<\/div>\n
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what you’re working on yeah so um right<\/div>\n<\/div>\n<\/div>\n
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now<\/div>\n<\/div>\n<\/div>\n
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i will say that my main focus after a<\/div>\n<\/div>\n<\/div>\n
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little bit<\/div>\n<\/div>\n<\/div>\n
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of a bigger loss than i wanted to take<\/div>\n<\/div>\n<\/div>\n
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um just being you know completely honest<\/div>\n<\/div>\n<\/div>\n
\n
\n
with that earlier this month is<\/div>\n<\/div>\n<\/div>\n
\n
\n
focusing on my playbook and only my<\/div>\n<\/div>\n<\/div>\n
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playbook and putting on risk<\/div>\n<\/div>\n<\/div>\n
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or when i’m thinking through new setups<\/div>\n<\/div>\n<\/div>\n
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only putting up putting on up to five<\/div>\n<\/div>\n<\/div>\n
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percent of my daily stop on those setups<\/div>\n<\/div>\n<\/div>\n
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\n
that are kind of outside of my playbook<\/div>\n<\/div>\n<\/div>\n
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or even<\/div>\n<\/div>\n<\/div>\n
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\n
you know just thinking about them after<\/div>\n<\/div>\n<\/div>\n
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\n
the close<\/div>\n<\/div>\n<\/div>\n
\n
\n
so really focusing on my playbook right<\/div>\n<\/div>\n<\/div>\n
\n
\n
now is<\/div>\n<\/div>\n<\/div>\n
\n
\n
how are you doing that specifically um<\/div>\n<\/div>\n<\/div>\n
\n
\n
so<\/div>\n<\/div>\n<\/div>\n
\n
\n
well it’s a main focus and every day we<\/div>\n<\/div>\n<\/div>\n
\n
\n
have this daily report card that we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
doing and i’m sending to you<\/div>\n<\/div>\n<\/div>\n
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\n
and dr s on whether or not i focused on<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know my playbook and that’s the<\/div>\n<\/div>\n<\/div>\n
\n
\n
number one question at the top and<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s what i have to answer every day<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so you’re working on that and<\/div>\n<\/div>\n<\/div>\n
\n
\n
giving yourself a grade<\/div>\n<\/div>\n<\/div>\n
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\n
yeah good all right so good example<\/div>\n<\/div>\n<\/div>\n
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\n
there of<\/div>\n<\/div>\n<\/div>\n
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of how you slow down a little bit yeah<\/div>\n<\/div>\n<\/div>\n
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focus on one thing<\/div>\n<\/div>\n<\/div>\n
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intensively yeah give yourself a grade<\/div>\n<\/div>\n<\/div>\n
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\n
for something and and make some progress<\/div>\n<\/div>\n<\/div>\n
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\n
okay good questions from you guys can<\/div>\n<\/div>\n<\/div>\n
\n
\n
you explain what t-wop is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a little more in depth it’s like an<\/div>\n<\/div>\n<\/div>\n
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\n
algorithm basically<\/div>\n<\/div>\n<\/div>\n
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where you can get the average price over<\/div>\n<\/div>\n<\/div>\n
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\n
a period of time so say you want to<\/div>\n<\/div>\n<\/div>\n
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\n
get back in you know<\/div>\n<\/div>\n<\/div>\n
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\n
you want to get the price within the<\/div>\n<\/div>\n<\/div>\n
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\n
last hour you can set it for an<\/div>\n<\/div>\n<\/div>\n
\n
\n
hour so yeah it’s a little bit confusing<\/div>\n<\/div>\n<\/div>\n
\n
\n
but basically<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you want to get filled<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know if i wanted to walk in for 30<\/div>\n<\/div>\n<\/div>\n
\n
\n
minutes i can get the average price<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s what i could have done you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know set it and forget it and then it’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
slowly work my way back into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
position<\/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 are producing for you and<\/div>\n<\/div>\n<\/div>\n
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\n
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\n
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\n
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* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video SMB Trader Kyle walks through a trade he took in Target after better than expected earnings. Learn to trade this flag breakout trade with well defined risk. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":51248,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-51245","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nThe Flag Breakout Trade 📈 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-flag-breakout-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Flag Breakout Trade 📈 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video SMB Trader Kyle walks through a trade he took in Target after better than expected earnings. 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