{"id":51264,"date":"2021-06-14T14:27:13","date_gmt":"2021-06-14T18:27:13","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51264"},"modified":"2021-06-14T14:27:13","modified_gmt":"2021-06-14T18:27:13","slug":"how-to-handle-stocks-you-do-not-trade-well","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-to-handle-stocks-you-do-not-trade-well","title":{"rendered":"How to Handle Stocks You Do Not Trade Well"},"content":{"rendered":"

In this video, learn how to handle those frustrating stocks that you do not trade well. A firm prop trader and Mike Bellafiore provide a template for how to handle stocks that you do not trade well, with a step-by-step trade example in $QCOM and $NFLX. Let\u2019s get to work on sharing these important trading lessons so you can grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

\n

in this video learn how to handle those
\nfrustrating stocks
\nthat you do not trade well hi i’m mike
\nbella fury co-founder of sme capital and
\nwe’re a proprietary trading firm located
\nin midtown manhattan and i’m also the
\nauthor of the trading classic one good
\ntrade
\nand the playbook in this video a firm
\nprop trader and i provide
\na template for how to handle those
\nstocks that you do not trade well
\nwith a step-by-step trade example and
\nqcom
\nand tesla let’s get to work on sharing
\nthese important trading lessons
\nso you can grow your trading account
\n[Music]\nthe trade i decided to play book today
\nwas um
\nit’s on may 28th and essentially
\nbreakouts based on
\nmarket context um so over the past few
\nsessions
\ncues and spy had been consolidating over
\nits 10 20 and 50 moving averages
\num and one thing we were looking at was
\nwhat was being bought right so the
\nstrongest industries in the market over
\nthe
\npast month had all been defensive if you
\nlook on the right
\nyou see like oil metals and mining
\nleading the market
\nand then over the past five sessions
\nhowever you start to see a different
\nstory like
\nuh pvw which is clean energy ipos
\nart funds starting to lead the market
\nand so that’s telling us that
\ntech is getting bought and we’re seeing
\nthat we could potentially break out
\num another thing that tells us this is
\nthat
\na part of our scanning process after
\nhours is
\nfiguring out all the stocks that moved
\nfour percent or more i mean comparing
\nthat with the stocks that move four
\npercent or less
\nand this gives us a tell of exactly how
\nare these stocks moving what’s being
\nbought
\num and like what potential trades are
\nthere and so over the past
\nfew sessions two sessions exactly what
\nwe noticed was there was an increase in
\nnumber of four percent breakouts
\ndespite cues and spies staying in range
\num this is pretty strange right um just
\nbecause historically when you see
\na lot of breakouts you’re gonna see
\nbreakouts on the indexes and
\nbig moves on the indices as well so this
\nis kind of indicating to us that
\nthere’s a good chance that we’ll see a
\nbreakout in the near future kind of
\nadding to that market narrative
\nsuper curious brian as to
\nhow you came up with four percent and
\nhow you
\nobserve this because this is a great
\nobservation
\nsomething that i’d love for more people
\nto do so
\nwant to dive deeper into how you spotted
\nthis
\nyeah to be honest four percent is
\num i think if you did it like three to
\nfive percent it would probably be the
\nsame
\nwe just wanted to see i guess
\num what are stocks that are moving and
\nthat’ll capture
\nlike um i guess all industries if that
\nmakes sense just because like
\nfour percent is gonna be substantial for
\nlike
\nuh like a large cap versus like a small
\ncap which it might not be
\num and how i go about doing so is that
\nwe just have like a scan feature
\num it’s just really simple filter
\nthat’ll filter say
\naverage volume over 500k and then
\ncloses over four percent on the day okay
\ngotcha love it
\nappreciate it and so real quick this is
\njust cues and spies on the daily
\num don’t need to talk too much about it
\nbut as you can tell it’s an extremely
\ntight range over the past few sessions
\nand then the moving averages have been a
\nhuge help on the daily as well
\nand as you can see in both of them the
\n10-day moving average is
\nincreasing at a pretty steep rate and so
\nkey inflections i’m watching
\ngoing into the open is this qs334 75
\nas you can tell the past couple sessions
\nwe failed to get over
\num so being able to hold that would be a
\nclear changing character
\nand then on spies it’s this one’s a
\nlittle more discretionary but i’m
\nlooking to see how we hold over
\nyesterday’s range and hold this gap
\num if this is essentially how we’re
\ngoing about doing so is seeing
\nif a first move is lower like are there
\nbids
\nour bid stepping up are buyers taking
\nthis aggressively
\nand most importantly do we see clear
\nbuying relatively close to the open
\nwith things opening so close to
\ninflection um and
\na breakout narrative supposedly
\nhappening that’s exactly what we’re
\nlooking for
\nhey so brian you’re noticing you made a
\ngreat observation
\nthat hey these stocks are up four
\npercent and the overall market is kind
\nof stuck in a range
\nso how are you thinking through those
\nlevels for queues
\nand spy is that something that’s going
\nto be an extra check in your favor
\nis that going to be something where
\nyou’re gonna need
\nfor us to be above certain levels and
\ncues
\nhow are you guys thinking through that
\nyeah 100
\num i it’s definitely more of a check in
\nfavor
\nand how what it affects does it affects
\nthe execution style
\num how aggressive we’re going to be in
\nterms of targets
\num and how big we want to get into these
\npositions
\nit’s not necessarily like it clears this
\nlevel therefore it’s strong
\nit’s more of how are they all moving
\ntogether and it ties to with
\num what’s being bought so on our screens
\nwe’ll see we’ll have iwms spy iqs
\nwe’ll have a list of industries lists of
\nsectors
\nand all of that kind of ties together
\ninto the market narrative it’s not
\nreally just like
\none or the other if you want to learn
\nthree more real world setups that our
\ntraders use
\nincluding the simple setup that we teach
\nall of our new traders
\nand the setup that turned one of our
\ntraders into a seven figure
\nbig money earner check out the free
\nwebinar that we’re currently running
\njust go ahead
\nand click the link that should be
\nappearing now at the top
\nright hand corner of your screen that
\nwill open up the free registration page
\nin a new window so don’t worry
\nyou won’t lose this video you can also
\nvisit
\ntradingworkshop.com to register for this
\nfree intensive workshop
\nyou’re going to learn more in a couple
\nof hours from this trading workshop
\nthan from years of online education so
\nin terms of names when we’re choosing
\nnames one of them was netflix that
\ncaught up
\ncaught our eye and the reason is over
\nthe past week previous to may 28th
\nwhat we saw was nvidia a market leader
\nwe saw
\nfacebook we saw google pushing highs
\nand that was in turn with when cues and
\nspirits run
\nso seeing that was a check in favor as
\nto why we thought netflix could be a
\nname that could go
\nit’s also consolidating really well in
\nthe daily sitting on its 20-day
\nand the 10-day was increasing as well um
\nand
\nyeah consolidating at top end of range
\nmeans that we’re really close to
\ninflection
\naka the rr on that position is really
\ngood if it comes
\nand qualcomm was the other name we were
\nwatching and so the reason behind this
\none was all the moving averages were
\nreally close together
\nthat’s just telling us that price is
\ncompressing
\nthere’s buyers and sellers on both sides
\nand that an expansive move could
\ndefinitely happen
\nwe’re also opening right over its 50 day
\nwith the tight consolidation
\nthat’s another check in favor and again
\nthe increasing 10 day
\nis a big deal so in terms of catalysts
\nand fundamentals
\num and these the numbers the two that
\ni’m really focused on here
\nare average volume and atr so for this
\ntype of trade average volume needs to be
\nideally over two to three million but
\nover one million is a baseline
\njust because those are the names with
\ntighter spreads and easier to day trade
\num atr we found that when i look back at
\nmy previous trades over the past six
\nmonths
\ni made most of my p l off names that
\nwith an atr over one
\nand so from that period forward it’s
\njust been if it’s over one
\nthen it’s tradable um and this last part
\nthat
\nwe’ve recently added to part of a check
\nin favor is
\noh if you remember the end of last year
\nwhen we saw a bunch of those growth
\nnames
\nget bought up um a lot of them had
\nreally high sales quarter recorder
\ngrowth and eps quarter over quarter
\ngrowth
\nso that’s just one thing we’re seeing
\nespecially if we’re trading a tech name
\nwhen we’re trading a growth name
\num having these numbers is another check
\nin favor as well
\nand as you can tell like these are very
\nsubstantial
\ntrading plan and so i broke out the
\ntrading plan into two parts here
\nso the first part is gonna talk about
\nthe market overall what we’re looking
\nfor and then the second part is the
\nexecution side itself
\num and this is all done in the
\npre-market before they open
\nand to summarize what we wanted to see
\nwas breakouts occur
\nacross the board so across all indices
\nand then
\nas well as in smh fang and growth
\nspecifically
\nwe want to see those lead and show
\nrelative strength
\nand in this market overall this is over
\nthe past couple of months
\ni’m just taking profits a lot quicker
\nthis was from running back on my stats
\nand seeing that
\ni had a little higher mfes than i would
\nlike i was giving back more profits than
\ni would like
\nand so until things clear up more and
\nespecially when the narrative
\nisn’t essentially isn’t adding up to
\nwhat i would want ideally
\num that’s when i’m taking profits a lot
\nfaster hey can you just uh fill in some
\nof the younger guys on
\nwhat mfe is and how you’re using it
\nyeah so mfe essentially dictates like
\num i guess what your unrealized profits
\nare in a very simple sense so like
\nthroughout the course of a position um
\nhow much were you
\nlike what was the max that you were up
\nand then i kind of see that as a
\ni use it more of a general gauge it
\nisn’t like a oh it needs to be this
\npercent
\nbut when i’m seeing that like uh i have
\nhigher mfes than i would like
\nand i’m seeing that like i just feel
\nlike i’m taking
\nit it’s a little tough for me because
\nit’s really discretionary and based on
\nthe trade
\num but when i just kind of see
\nessentially a pattern of
\nhigher emifs than i would like um and
\nthat’s a really easy thing to see on
\ntrader view as well
\njust for the youngest guys so mfe is
\nmaximum
\nfavorable excursion and that’s one of
\nthe things that we measure
\nin our stats for you guys to keep track
\nof
\num and yeah so if we’re to be strong um
\npools in the market should get bought
\naggressively
\nor we should go immediately um that’s
\nbecause of where we are
\nopening gaps in the range and the
\nbreakouts that we had seen
\nleading into today or into this day and
\nwe
\ndefinitely don’t want to see us get
\nunder yesterday’s range or any type of
\nfalse breakout narrative playing out
\nmeaning strong selling volume or stuffed
\nmove on
\nuh initial move higher
\nand so now the execution plan so top
\nnames qualcomm and netflix
\nexecution style is opening drive or
\nopening a range break
\nthis is where we found that we have the
\nmost edge best rr
\nand if we’re to be trending these are
\nobviously the best prices on the day
\num and points to watch so this is
\nsomething i’ve added really recently
\ninto my training
\nbut kind of to to the point previous of
\nnegating having a really high mfe um
\nthese are false breakout points where i
\nbelieve could happen
\num so on netflix it’s 508.50 and on
\nqualcomm 1.3650
\nso i’m watching these inflections
\nessentially for
\nlike really carefully on tape to see is
\nthere going to be a changing character
\ndo we stuff um at these points are
\nsellers there
\nand how i’m deciding where these points
\nare just from
\num high volume areas previous resistance
\non like a daily chart
\nor any higher time frame as well as just
\nwhat overalls made sense and what we’re
\nkind of seeing
\nover the past couple of sessions as well
\num
\nand potential reasons to sell so i’m not
\ngoing to go through all of them but
\nthese kind of are the main points
\num a temporary change in character on
\ntape will automatically mean
\ni take off a quarter to thirty percent
\num high volume capitulation a cell will
\nimmediately make me take off fifty
\npercent um and a change in market
\nnarrative so if what that means is if
\ni’m
\nthinking we’re going to be strong on the
\nday and we’re breaking out we stuff and
\nlow day breaks
\non cues and spy obviously then that’s
\nnot the narrative that i wanted so
\nif um and because we’re trading these
\nhigher beta names
\num that’s pretty prevalent and then full
\nprice targets
\nis going to be atr or average true range
\num
\nand we’re dabbling with this potential
\nlike 15 to 20
\nswing as of right now so that’s if we
\nclose that high a day i want to be
\nswinging fifteen to twenty percent
\nfor a potential two to three day move
\nright away off the first ten minutes
\num q’s is leading we’re holding well
\nover opening range after
\na false breakdown um this is exactly
\nwhat i want to be seeing in terms of
\nprice action
\nhowever it’s one thing to note is volume
\nis low
\none thing we’ll look at is the opening
\nbid volume of
\nrelative to the past previous sessions
\nin past previous sessions a lot of
\nthe days started with an opening bid of
\naround five to six hundred k
\nso this is really low um and spy
\nis at low day so obviously right off the
\nbat this is already
\nnot the ideal market narrative so i’m
\nweighing that as a potential
\nthing to note as like a hesitation
\nas to getting super big or being super
\naggressive in terms of targets
\nand so first 10 minutes continued so i’m
\nalso watching
\nsmh and fang so both are looking really
\ngood at the time they’re holding over
\ntheir opening range
\num and yeah this is exactly what i want
\nto be seeing
\nso now first ten minutes on netflix and
\nqualcomm so
\nboth have a really clean opening range
\nbreaks
\nbids are stepping up neither garnering
\nmuch volume so that’s a
\nthing i’m weighing as well um and i’ll
\nshow a netflix closer on the tape to
\nexplain that better
\nbut i do enter long on both of these
\nopening range breaks okay so next 20
\nminutes
\nand so this is where things kind of
\nchange um and so
\nif you remember what i was talking about
\nearlier of looking
\nat cues and spy really closely to see if
\nthe narrative continues
\nthis obviously tells me that this isn’t
\nhappening the false break or false
\nbreakout narrative
\nis more likely now and that a really
\nstrong breakout narrative is more
\nunlikely right
\nso we stuff pre-market high on queues um
\nput in a lower high
\nagain no substantial buying volume and
\nnow we’re starting to fade back into
\nopening range
\non spy we’re breaking low a day after
\nstuffing and failing to hold vwob
\nand so in the short term this is telling
\nme that it’s weak and if i want to be
\nlong really aggressive on an opening
\ndrive opening a range break scenario
\nwell that’ll most likely not work out
\nso just a quick idea and you probably
\nhave thought about this
\nand you’re doing a really good job
\nlooking at cues you’re looking doing a
\nreally good job measuring strength
\nin a particular sector at the beginning
\nof the open
\nyou might think about hey is there an
\netf that i also want to watch
\nso you know maybe you want to watch
\nsomething like xlk
\nat the beginning and check in on how
\nthat’s doing as well
\nright 100 um yeah so we
\nat this time i believe i had smh and
\nfang um f and gu pulled
\nand so now i’m just gonna break it out
\ninto a more
\nbroad view of netflix and so
\nas you can see um we have uh
\nthe first move higher on extremely low
\nvolume
\nright compared to opening bid that’s
\nwhat i’ll use as a relative gauge of
\nhigh and low volume
\nand we’re slowing down as we come into
\nthe value area so if you see like size
\nof the candle
\nand on tape you’ll see like how
\naggressive offers are lifting
\nas we come into that 508 or start to
\ncome into that area
\nwe’re stalling out and then the first uh
\nlower high
\nor potential to catch and move higher
\nget stuffed
\nso there’s no follow through and we see
\na failure of buyers to appear at vwop as
\nwell
\nas we sell back into opening range
\nand similar idea it kind of happens on
\nqualcomm
\nso uh high day breaks are stuffed as we
\napproach resistance areas as well
\nas you as you remember in the pre-market
\nplan i was talking about this 136.50 so
\nthis is exactly what i was watching for
\nand so even though this one is a little
\nbit better in terms of the entry point
\nbecause we do see aggressive buying as
\nwe break opening range
\num this is a huge check in favor to us
\nand something we’re weighing
\nand what we like to see ideally is does
\nthe brake
\ndoes the volume on the brake equal or
\nget
\nlarger than the opening bid um because
\nto me
\njust like that’s a huge change right
\nthat’s not something you’re gonna see
\nregularly
\nespecially day to day
\num but one thing to note is that as we
\ncontinue higher
\nvolume drops off and so if we’re gonna
\nhave a super expansive move we’re gonna
\nsee
\natr or two atr on qualcomm that’s pretty
\nunlikely volume is going to die off so
\nearly into the morning we’re not even 15
\nminutes in
\nall right sweet so now executions i’ll
\nstart on tape
\nand so at this point in the tape i’m in
\nabout feeler size
\non netflix just seeing um
\nfirst move lower was on really low
\nvolume um
\nbuyers are stepping up and so i’m
\nkeeping this wide at this point and i’m
\nseeing
\nif we claim 505 which we weren’t able to
\nclaim before 504 80 to 505
\nand bids claim that how are buyers
\nstepping up so we break
\n505 and bids are stepping up at this
\npoint i’m adding
\nand i’m looking to see two things i’m
\nlooking to see are offers lifting and do
\nbids hold
\nor and if volume comes in and so
\nat this point what i’m thinking through
\nis if
\nwe flush under 504 50 i’m immediately
\ncutting half
\nseeing where this position is and maybe
\neven cutting full
\nif we’re able to hold 505 for extended
\nperiod of time and i’m able to get good
\nrr
\nwhere i believe we shouldn’t sell under
\nview up then i’m moving my stop up
\nand i’m trading that from there
\nand as you can tell right off the bat
\nwe’re not getting substantial volume
\nwe’re not lifting higher
\nso how i’m interpreting this information
\nis
\nlike i said before if we flash i’ll
\nflatten out um
\nbut if we move higher i’m not going to
\nhave super aggressive targets
\ni’m going to look to cover risk into the
\nfirst move
\njust because this is already not adding
\nup to the narrative i want to see
\nso you can tell 100k volume at the open
\nfor something that does
\n4.7 million average volume is extremely
\nlow
\nso this point i’m continually waiting
\ni’m also watching across the board
\num how are other names holding up how
\nare the names being bought
\num yeah and just weighing all of that
\ntogether
\nyeah and just a question so
\nq qcom is going to match up better with
\nsmh right qcom is going to
\nmatch up better with uh some of the
\nother names like
\nyou’ll you’ll notice qcon moving in sync
\nmore with something like
\nan amd
\nnot as much with a netflix so i’m
\nwondering if you thought about
\nwhether or not you would expect qcom to
\nreally move the way netflix would move
\nthose those stocks aren’t
\ngenerally stocks that i would pair
\ntogether
\nuh and they’re not not in the same
\nsector they they are independent of each
\nother
\nwhereas i i might not say that for a
\nq-com or an amd
\nq-com and an amd um thoughts on that
\nright 100 um and yeah i totally agree
\nwith you so
\ni’m watching that’s why i was watching
\nlike fang and smh separately so the idea
\nstems from
\ni’m gonna see we’re most likely gonna
\nsee a breakout in the market
\nso what i’m watching is what’s gonna get
\nbought and so i’m kind of seeing like
\nis fangs gonna our fang names gonna lead
\nor smh name’s going to leave
\nand so that’s why they’re kind of split
\nup in different industries but i am
\nwatching amd
\nnvidia on the side and that’s actually
\nsomething i wanted to ask
\nabout later in the presentation
\nokay wait i’ll wait for that all right
\nperfect um so as you can see now we lift
\num i’m looking to see our bid stepping
\nup and
\nour sellers stepping in aggressively
\nbecause we’re moving on such low volume
\nand so light
\nit’s very easy for like a seller to come
\nin
\nwith substantial size and absolutely
\nwipe us back into opening range right
\nlike none of these bids are that
\nsubstantial and so these are the things
\ni’m weighing
\nand also like although we’re moving
\nhigher i’m constantly thinking about
\nlike
\nis the spread gonna open up to a point
\nand then um
\nlike i’ll be back at my break even price
\nand also
\num uh how substantial
\nare the offers lifting um in terms of
\nindependently to each other
\nand so we’ll continue pushing higher
\nin a little bit here
\nthe good thing i’m seeing right now is
\nthere there is nothing telling me that
\nwe’re going to stuff really aggressively
\num shallow moves lower still getting
\nbought so
\num i’m still holding this position
\nspreads tighten it decently tight for
\nthis name so
\nand so we’re gonna push to about 507
\n507 some change and that’s the point
\nwhere we start to stall out
\num and that’s where i start to cut a
\nrisk
\nand i take off that 25 lot that i talked
\nabout earlier
\nbut yeah that’s pretty much it on the
\ntape and so in terms of executions
\num feeler on high low hidden on opening
\nrange broke
\nout a quarter as we start to slow into
\n507
\num and then i was out another piece uh
\ninto failure to hold v wap and at this
\npoint i don’t want to go red on any of
\nthese positions
\num especially with the market narrative
\nchanging so everything is
\nmoved up to more or less a break even
\nstop um
\nsimilar execution on qualcomm more of a
\nmomentum-based one
\nin this one so my first position was the
\nopening bid
\nfeeler that got stopped i hit in on
\nopening range breaks especially when
\nvolume was there
\ncovered risk as we came into resistance
\nand we broke high day and
\nand stuff right um brick high day by
\nlike 20 cents and stuff to me that’s a
\nchange in character i cover risk at that
\npoint and then
\num whatever left i just have it
\nessentially a break even stop
\nand so this is what i wanted to talk
\nabout so
\ni had a i’ve developed this character
\nsheet about a month ago
\nessentially it’s like a ranking system
\nfor the type of names
\nand how i believe they trade and how
\nthey match up to my
\nexecution style so one ideal two market
\nleaders
\nwic low reliable especially on opening
\ndrives opening range breaks and high
\nvolume
\nthree is kind of missing one to two
\ncomponents for they’re tricky
\nthat four is where it’s really hard to
\ntrade so
\nfor me like if i have a four on it
\nthat’s something i’m
\neyeing really carefully five and six i
\nwill only
\ntrade if the setup is really ideal and
\nthe entire sector industry
\nand the market narrative is all lining
\nup and so that’s what i wanted to ask
\nyour opinion on bella
\nso amd was setting up really well as
\nwell
\nbut it’s a name that when i look back
\nhistorically on my trades in amd
\nthat i underperform um and
\ni found it it’s because to me that name
\nis pretty wicky
\nit fades a lot of opening drives it
\ntakes multiple attempts a lot of the
\ntimes
\ndespite it closing maybe at high day and
\nso
\ni kind of if i were to look at qualcomm
\nand amd
\nand weigh their setups purely i probably
\nwould have weighed
\namd’s a little higher but because i
\nhistorically trade qualcomm a lot higher
\nare a lot better i chose qualcomm over
\namd so i was wondering
\nwith your experience and how you’ve seen
\nguys at the desk kind of tackle this
\nwhen they have certain names that they
\ndon’t trade well how do they manage that
\nbalance between
\ni don’t trade this name well but the
\nsetup is there if that kind of make
\nsense
\nyeah i think you want to be looking for
\nfirst of all i think this is terrific
\ni love what you’ve done here i would
\nhighly recommend that other traders keep
\ntrack of the trades that they trade well
\nand this is an excellent best practice
\nfor going about doing that
\nand so you’ll hear us say internally
\nuh a bunch of times if you if you’re
\nsitting in enough am meetings
\nyou’ll hear us say all right
\nthat sector doesn’t trade very well okay
\nthat stock isn’t a really good intraday
\nstock you know for instance the oil
\nsector doesn’t trade well
\na gold doesn’t trade particularly well
\nintraday
\njust to give you an example now that
\ndoesn’t mean
\nthat we won’t trade oil it doesn’t mean
\nwe won’t trade gold it means
\nwe’re going to be slow to trade them
\nwe’re going to need
\nthat stock or that sector to really pull
\nus into it
\nand so you for example
\nwhen you’re just starting it might be
\nthe case that you are only going to
\ntrade
\nsomething that you don’t trade
\nparticularly well
\nif it has an a plus setup you may say
\njust not going to do it unless i just
\nlove the setup i love the catalyst
\ni love the way it’s setting up intraday
\ni can control my risk
\ni can make a lot of money on this trade
\nand you can create new parameters to
\ntake that trade
\nand and you should do that you should do
\nthat
\nnow senior traders tend to just do that
\nmore instinctively
\nbut uh the you younger guys are better
\nthan us
\nand particularly in the way that you can
\nbe more systematic
\nand so just like you develop a ranking
\nbetween you know one and six for whether
\nor not you’re going to take something
\nyou can you can create the times that
\nyou’re willing to take something that
\nmaybe is a
\nfor or worse something that’s tricky or
\nsomething that’s a little bit more
\ndifficult for you i i do not recommend
\ni do not recommend saying
\nfor any particular sector or any
\nparticular stock
\nthat i’m never going to trade it i i
\ndon’t think that’s what the information
\nyou’re getting from the market is is
\nproviding you i
\ni think if you find a stock that’s
\ntricky i don’t think that’s information
\nis
\ni can’t ever trade it i think the
\ninformation is
\nman i better be really careful about
\ntrading this and i better save it
\nfor only the best setups because we all
\nknow that
\nthe stocks that you’re trading they do
\nmove i mean there is opportunity in that
\nso you’re going to have to be more
\nselective
\nyou’re going to have to be more
\nselective for the setup that’s best for
\nyou
\nyou’re going to have to make sure you
\ncan control your risk
\nand you’re going to have to make sure
\nit’s worth your while
\nand if you did that i i would i would
\nsurmise
\ni would i would predict that
\nyou’d have a lot of success with it so
\nyou might just sort of say look a
\nplaybook trade for something that i
\ndon’t trade well
\nit’s just going to have to have way more
\nvariables in my favor
\nand i’m just going to live with that but
\ni’m going to give it a run if
\nit really sets up nicely gosh it
\nokay that makes a lot of sense i
\nremember carlton also talking about how
\nlike if you know and name trades really
\nbadly
\nyou’ll know exactly when it trades well
\nso yeah that lines up i appreciate it
\nthank you
\nno that’s that makes sense i’m trying to
\nthink of something that i trade
\nreally badly
\nthat i just
\nreally you know almost i mean gold is
\nsomething that i
\ni feel like intraday you’re going to
\nhave
\ni think that’s probably something that
\nis going to require
\nthat that that sector to pull me into it
\ni’m just going to be real slow to trade
\ngold
\nintraday um and there’s lots of trades
\nbetter overnight as it is so
\nthat’s that’s that’s one problem um
\nanyway but i like
\nexcellent work here love the character
\nsheet appreciate it thank you
\nand so the other thing um to take away
\nthat we’ve been doing was another part
\nof our process is
\num doing this in notion and so it’s
\nscreenshoting
\num the charts on multiple time frames um
\nsetting them up based on
\nfour different rankings and then what is
\nthe intraday setup
\nwhere was the open and then particular
\nstats that we think that
\ncould be meaningful and the reason
\nbehind doing this type of chart booking
\nis we believe
\nit’ll help us identify patterns within
\nsetups that share similar key variables
\nthat’ll give us more of an edge as well
\nas repetition
\nwith different names that move and how
\nthey move exactly and how they move
\nbased on the variables that they have
\nand then just figuring out intent of
\nwhat execution style works best with
\nthat
\nand so lastly yeah so the focus on this
\nthis last part here is that how to
\nimprove further um
\ni believe that a big part of the edge
\nthat i have is in the ability to
\nconstantly adjust
\num i don’t think edge is something that
\nstays forever and it’s just
\none constant thing with the market it
\njust so especially as day traders it’s
\nso volatile it’s constantly changing the
\ncurrent market environment is constantly
\nchanging
\nso just trying to constantly stay in the
\nmindset of
\nwhat is the most efficient form of
\nexecution and how can i constantly tweak
\nand improve
\nbut yeah that’s pretty much it
\nappreciate your time bill hey go ahead
\nand click our subscribe button so you
\ndon’t miss
\nany of the videos they’re producing for
\nyou and the trading community and please
\ntake the time to add your feedback in
\nthe comments section for what videos
\nyou’d like for us to produce next
\nand what you found helpful from this
\nvideo from all of us at smb
\ntrain and trade well<\/p>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn how to handle those frustrating stocks that you do not trade well. A firm prop trader and Mike Bellafiore provide a template for how to handle stocks that you do not trade well, with a step-by-step trade example in $QCOM and $NFLX. Let\u2019s get to work on sharing these important trading lessons so you can grow … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":51266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-51264","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHow to Handle Stocks You Do Not Trade Well | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-to-handle-stocks-you-do-not-trade-well\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Handle Stocks You Do Not Trade Well | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, learn how to handle those frustrating stocks that you do not trade well. A firm prop trader and Mike Bellafiore provide a template for how to handle stocks that you do not trade well, with a step-by-step trade example in $QCOM and $NFLX. Let\u2019s get to work on sharing these important trading lessons so you can grow ... 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