{"id":51341,"date":"2021-08-27T11:25:41","date_gmt":"2021-08-27T15:25:41","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=51341"},"modified":"2023-06-08T12:20:32","modified_gmt":"2023-06-08T16:20:32","slug":"the-right-way-to-use-technical-analysis-for-momentum-trading","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-right-way-to-use-technical-analysis-for-momentum-trading","title":{"rendered":"Harnessing the Power of Technical Analysis for Momentum Trading"},"content":{"rendered":"

In this video, learn the right way to use technical analysis for momentum trading. We teach a developing trader, with a trade example he took, how to use technical analysis to determine the buyers are in control with a momentum trade.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn the right way to use<\/div>\n<\/div>\n<\/div>\n
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technical analysis for momentum trading<\/div>\n<\/div>\n<\/div>\n
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hi i’m mike bellafury co-founder of sme<\/div>\n<\/div>\n<\/div>\n
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capital proprietary trading firm located<\/div>\n<\/div>\n<\/div>\n
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in midtown manhattan and i’m also the<\/div>\n<\/div>\n<\/div>\n
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author of the trading classic one good<\/div>\n<\/div>\n<\/div>\n
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trade and the playbook in this video we<\/div>\n<\/div>\n<\/div>\n
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teach a developing trader with a trade<\/div>\n<\/div>\n<\/div>\n
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example he took how to use technical<\/div>\n<\/div>\n<\/div>\n
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analysis to determine the buyers are in<\/div>\n<\/div>\n<\/div>\n
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control with the momentum trade let’s<\/div>\n<\/div>\n<\/div>\n
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get to work on sharing this enduring<\/div>\n<\/div>\n<\/div>\n
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technical analysis principle so you can<\/div>\n<\/div>\n<\/div>\n
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grow your trading account<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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all right tori i want to provide a<\/div>\n<\/div>\n<\/div>\n
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little context as to who you are and<\/div>\n<\/div>\n<\/div>\n
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why you’re here<\/div>\n<\/div>\n<\/div>\n
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so my name is torie hudson and i am from<\/div>\n<\/div>\n<\/div>\n
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california i graduated from usc and<\/div>\n<\/div>\n<\/div>\n
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with a degree in history and shortly<\/div>\n<\/div>\n<\/div>\n
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thereafter i was trying to find what i<\/div>\n<\/div>\n<\/div>\n
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wanted to do<\/div>\n<\/div>\n<\/div>\n
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and stumbled across the stock market and<\/div>\n<\/div>\n<\/div>\n
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started watching videos and<\/div>\n<\/div>\n<\/div>\n
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found smb’s youtube channel and decided<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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this really interested me this piqued my<\/div>\n<\/div>\n<\/div>\n
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interest and i wanted to do this but i<\/div>\n<\/div>\n<\/div>\n
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didn’t know how to go about that<\/div>\n<\/div>\n<\/div>\n
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so i just kept on watching videos and<\/div>\n<\/div>\n<\/div>\n
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kind of traded on my personal account<\/div>\n<\/div>\n<\/div>\n
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and i had a really hard time for the<\/div>\n<\/div>\n<\/div>\n
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first year or two i had a really hard<\/div>\n<\/div>\n<\/div>\n
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time<\/div>\n<\/div>\n<\/div>\n
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until i reached out and i tried to do<\/div>\n<\/div>\n<\/div>\n
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the internship with smb<\/div>\n<\/div>\n<\/div>\n
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and i didn’t get that and that was two<\/div>\n<\/div>\n<\/div>\n
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years ago so i was put on a path into<\/div>\n<\/div>\n<\/div>\n
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smb by jeb by one of the traders that<\/div>\n<\/div>\n<\/div>\n
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works here jeff<\/div>\n<\/div>\n<\/div>\n
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through the sme training side so you are<\/div>\n<\/div>\n<\/div>\n
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coming to us through the sme training<\/div>\n<\/div>\n<\/div>\n
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side which is another part of estimate<\/div>\n<\/div>\n<\/div>\n
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capital<\/div>\n<\/div>\n<\/div>\n
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and you are an smb training in-house<\/div>\n<\/div>\n<\/div>\n
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student right now<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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presenting to us<\/div>\n<\/div>\n<\/div>\n
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a playbook trade from your work<\/div>\n<\/div>\n<\/div>\n
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presently<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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i’m curious<\/div>\n<\/div>\n<\/div>\n
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what’s what’s your ultimate goal<\/div>\n<\/div>\n<\/div>\n
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to work at smb okay<\/div>\n<\/div>\n<\/div>\n
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ultimate goal is not hey i want to go<\/div>\n<\/div>\n<\/div>\n
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back and trade my personal account<\/div>\n<\/div>\n<\/div>\n
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better your ultimate goal is hit when i<\/div>\n<\/div>\n<\/div>\n
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get hired by the firm and<\/div>\n<\/div>\n<\/div>\n
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this is one of the ways that you can do<\/div>\n<\/div>\n<\/div>\n
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it if you don’t come in the front door<\/div>\n<\/div>\n<\/div>\n
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if you’re not an intern<\/div>\n<\/div>\n<\/div>\n
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who then<\/div>\n<\/div>\n<\/div>\n
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gets offered a spot on the desk there is<\/div>\n<\/div>\n<\/div>\n
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sme training and you can take the same<\/div>\n<\/div>\n<\/div>\n
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training<\/div>\n<\/div>\n<\/div>\n
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and if you stand out<\/div>\n<\/div>\n<\/div>\n
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then and we like you and you like us and<\/div>\n<\/div>\n<\/div>\n
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you fit in and you do good work and you<\/div>\n<\/div>\n<\/div>\n
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show some good results there is a path<\/div>\n<\/div>\n<\/div>\n
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to interview and be hired<\/div>\n<\/div>\n<\/div>\n
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on the desk and<\/div>\n<\/div>\n<\/div>\n
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there are people out there even though<\/div>\n<\/div>\n<\/div>\n
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there’s not a lot of traders in the desk<\/div>\n<\/div>\n<\/div>\n
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right now because the covid<\/div>\n<\/div>\n<\/div>\n
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there are traders on the desk right now<\/div>\n<\/div>\n<\/div>\n
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who who did go through that path so that<\/div>\n<\/div>\n<\/div>\n
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does happen<\/div>\n<\/div>\n<\/div>\n
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and so<\/div>\n<\/div>\n<\/div>\n
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well i’m a little nervous for you though<\/div>\n<\/div>\n<\/div>\n
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because<\/div>\n<\/div>\n<\/div>\n
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you have to shine a little bit more<\/div>\n<\/div>\n<\/div>\n
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than maybe some of the others since<\/div>\n<\/div>\n<\/div>\n
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you’re trying to<\/div>\n<\/div>\n<\/div>\n
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impress the the firm<\/div>\n<\/div>\n<\/div>\n
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so let’s see what you did<\/div>\n<\/div>\n<\/div>\n
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so early on in my trading career<\/div>\n<\/div>\n<\/div>\n
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something i’ve noticed<\/div>\n<\/div>\n<\/div>\n
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is a lack of psychological preparation<\/div>\n<\/div>\n<\/div>\n
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and i’ve made it a<\/div>\n<\/div>\n<\/div>\n
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intention every morning when i wake up<\/div>\n<\/div>\n<\/div>\n
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to get my mind in the right spot<\/div>\n<\/div>\n<\/div>\n
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and by that me i mean as mark douglas<\/div>\n<\/div>\n<\/div>\n
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says trading in the zone<\/div>\n<\/div>\n<\/div>\n
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um you know trading is as much<\/div>\n<\/div>\n<\/div>\n
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psychological as it is technical or<\/div>\n<\/div>\n<\/div>\n
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fundamental if not more<\/div>\n<\/div>\n<\/div>\n
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so when i get up i make sure my mind is<\/div>\n<\/div>\n<\/div>\n
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ready to go<\/div>\n<\/div>\n<\/div>\n
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and in many ways for me i like to frame<\/div>\n<\/div>\n<\/div>\n
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it around a battle i make sure my mind<\/div>\n<\/div>\n<\/div>\n
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is ready to go to battle you know asking<\/div>\n<\/div>\n<\/div>\n
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questions like have i had a good night’s<\/div>\n<\/div>\n<\/div>\n
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sleep<\/div>\n<\/div>\n<\/div>\n
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is my mind in the right place do i have<\/div>\n<\/div>\n<\/div>\n
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any lingering emotions from previous<\/div>\n<\/div>\n<\/div>\n
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trades<\/div>\n<\/div>\n<\/div>\n
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those are all questions that i think<\/div>\n<\/div>\n<\/div>\n
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they’re important to ask<\/div>\n<\/div>\n<\/div>\n
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and there’s just those are just a few of<\/div>\n<\/div>\n<\/div>\n
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the questions that i asked myself<\/div>\n<\/div>\n<\/div>\n
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i also gather a quote book in the<\/div>\n<\/div>\n<\/div>\n
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morning just something to kind of<\/div>\n<\/div>\n<\/div>\n
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rejuvenate my spirit and get me in the<\/div>\n<\/div>\n<\/div>\n
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same get me in the right mode here are<\/div>\n<\/div>\n<\/div>\n
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some of the quotes i chose for this day<\/div>\n<\/div>\n<\/div>\n
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two of the ones i’ll point out is every<\/div>\n<\/div>\n<\/div>\n
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battle is won before it is fault or<\/div>\n<\/div>\n<\/div>\n
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before it is fought<\/div>\n<\/div>\n<\/div>\n
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and essentially that just means if you<\/div>\n<\/div>\n<\/div>\n
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failed a plane you plan to fail and<\/div>\n<\/div>\n<\/div>\n
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bella also chose one of your uh quotes<\/div>\n<\/div>\n<\/div>\n
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trading is a sport of survival<\/div>\n<\/div>\n<\/div>\n
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reinvention and perseverance even for<\/div>\n<\/div>\n<\/div>\n
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the successful trader i like that one<\/div>\n<\/div>\n<\/div>\n
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so i found that doing this for myself<\/div>\n<\/div>\n<\/div>\n
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and maybe it’s working out or or<\/div>\n<\/div>\n<\/div>\n
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whatever you have to do to kind of get<\/div>\n<\/div>\n<\/div>\n
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your mind in the right spot but these<\/div>\n<\/div>\n<\/div>\n
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quotes kind of help me<\/div>\n<\/div>\n<\/div>\n
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like hone in like a guiding missile on<\/div>\n<\/div>\n<\/div>\n
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what i need to be doing for that day if<\/div>\n<\/div>\n<\/div>\n
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you want to learn three more real world<\/div>\n<\/div>\n<\/div>\n
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setups that our traders use including<\/div>\n<\/div>\n<\/div>\n
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the simple setup that we teach all of<\/div>\n<\/div>\n<\/div>\n
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our new traders and the setup that<\/div>\n<\/div>\n<\/div>\n
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turned one of our traders into a seven<\/div>\n<\/div>\n<\/div>\n
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figure big money earner check out the<\/div>\n<\/div>\n<\/div>\n
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free webinar that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n
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that should be appearing now at the top<\/div>\n<\/div>\n<\/div>\n
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right hand corner of your screen<\/div>\n<\/div>\n<\/div>\n
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that will open up the free registration<\/div>\n<\/div>\n<\/div>\n
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page in a new window so don’t worry you<\/div>\n<\/div>\n<\/div>\n
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won’t lose this video<\/div>\n<\/div>\n<\/div>\n
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you can also 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 you’re going to<\/div>\n<\/div>\n<\/div>\n
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learn more in a couple of hours from<\/div>\n<\/div>\n<\/div>\n
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this trading workshop than from years of<\/div>\n<\/div>\n<\/div>\n
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online education now on july 21st the<\/div>\n<\/div>\n<\/div>\n
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big picture market fundamentals<\/div>\n<\/div>\n<\/div>\n
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were a little bit hazy so i just saw<\/div>\n<\/div>\n<\/div>\n
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that vix was down 12.3 percent from the<\/div>\n<\/div>\n<\/div>\n
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previous day<\/div>\n<\/div>\n<\/div>\n
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and there were surging covet cases<\/div>\n<\/div>\n<\/div>\n
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related to the<\/div>\n<\/div>\n<\/div>\n
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delta variant which was reigniting fear<\/div>\n<\/div>\n<\/div>\n
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and this was that was probably the<\/div>\n<\/div>\n<\/div>\n
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biggest one that i saw on that on for<\/div>\n<\/div>\n<\/div>\n
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the news for the day<\/div>\n<\/div>\n<\/div>\n
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as also treasury yields pacified<\/div>\n<\/div>\n<\/div>\n
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investors concerns that a rise in cases<\/div>\n<\/div>\n<\/div>\n
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would slow down economic recovery<\/div>\n<\/div>\n<\/div>\n
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with the 10-year treasury yield jumping<\/div>\n<\/div>\n<\/div>\n
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back to 1.2 percent after hitting a<\/div>\n<\/div>\n<\/div>\n
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5-month low of 1.1<\/div>\n<\/div>\n<\/div>\n
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there also saw a string of upbeat<\/div>\n<\/div>\n<\/div>\n
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earnings from some companies i think<\/div>\n<\/div>\n<\/div>\n
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google just had or just reported for the<\/div>\n<\/div>\n<\/div>\n
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previous few days yeah this is great and<\/div>\n<\/div>\n<\/div>\n
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what i really love what you do here<\/div>\n<\/div>\n<\/div>\n
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is you mark<\/div>\n<\/div>\n<\/div>\n
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how the vix was on this particular trade<\/div>\n<\/div>\n<\/div>\n
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that is something that’s super important<\/div>\n<\/div>\n<\/div>\n
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just before i came in here i got an<\/div>\n<\/div>\n<\/div>\n
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email from an independent trader who was<\/div>\n<\/div>\n<\/div>\n
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saying hey i’m struggling this year<\/div>\n<\/div>\n<\/div>\n
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my playbook from last year is not<\/div>\n<\/div>\n<\/div>\n
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working as well as it is this year<\/div>\n<\/div>\n<\/div>\n
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can you give me some<\/div>\n<\/div>\n<\/div>\n
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hands as to what i ought to be looking<\/div>\n<\/div>\n<\/div>\n
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at and one of the things that i shot<\/div>\n<\/div>\n<\/div>\n
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back to him is<\/div>\n<\/div>\n<\/div>\n
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well yeah your playbook is going to be<\/div>\n<\/div>\n<\/div>\n
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adjusted for this year<\/div>\n<\/div>\n<\/div>\n
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relative to last year<\/div>\n<\/div>\n<\/div>\n
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and i’d say one of the most important<\/div>\n<\/div>\n<\/div>\n
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variables for that is the vix<\/div>\n<\/div>\n<\/div>\n
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volatility<\/div>\n<\/div>\n<\/div>\n
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that it is lower now it’s shot up a<\/div>\n<\/div>\n<\/div>\n
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little bit here<\/div>\n<\/div>\n<\/div>\n
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from<\/div>\n<\/div>\n<\/div>\n
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even much lower levels and then is<\/div>\n<\/div>\n<\/div>\n
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subsiding a little bit but vix is much<\/div>\n<\/div>\n<\/div>\n
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lower this year than it was last year<\/div>\n<\/div>\n<\/div>\n
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and you can’t sit there and say i’m<\/div>\n<\/div>\n<\/div>\n
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going to trade the same way when vicks<\/div>\n<\/div>\n<\/div>\n
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is 15<\/div>\n<\/div>\n<\/div>\n
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as you do when vicks is 25.<\/div>\n<\/div>\n<\/div>\n
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that makes no sense those are two<\/div>\n<\/div>\n<\/div>\n
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different markets you know for a long<\/div>\n<\/div>\n<\/div>\n
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time we had vixx even at 12.<\/div>\n<\/div>\n<\/div>\n
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there are certain trades that work when<\/div>\n<\/div>\n<\/div>\n
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vicks is 12.<\/div>\n<\/div>\n<\/div>\n
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okay for years<\/div>\n<\/div>\n<\/div>\n
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vixx<\/div>\n<\/div>\n<\/div>\n
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had trouble peaking its head above 15<\/div>\n<\/div>\n<\/div>\n
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for years and then it did<\/div>\n<\/div>\n<\/div>\n
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and even when there was a difference<\/div>\n<\/div>\n<\/div>\n
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between vicks being 12<\/div>\n<\/div>\n<\/div>\n
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and getting above 15 there was a<\/div>\n<\/div>\n<\/div>\n
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different playbook certain trades<\/div>\n<\/div>\n<\/div>\n
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started working much better<\/div>\n<\/div>\n<\/div>\n
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and now<\/div>\n<\/div>\n<\/div>\n
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in this new era where volatility really<\/div>\n<\/div>\n<\/div>\n
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picked up you know we’re starting to<\/div>\n<\/div>\n<\/div>\n
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look at measures of vix above 15 fixed<\/div>\n<\/div>\n<\/div>\n
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above 20 vix above 25<\/div>\n<\/div>\n<\/div>\n
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but when you’re doing your playbook and<\/div>\n<\/div>\n<\/div>\n
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you’re archiving certain variables in<\/div>\n<\/div>\n<\/div>\n
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your playbooks you have to archive what<\/div>\n<\/div>\n<\/div>\n
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the vix was on that particular day and<\/div>\n<\/div>\n<\/div>\n
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you have to take note and potentially<\/div>\n<\/div>\n<\/div>\n
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think about different playbooks for<\/div>\n<\/div>\n<\/div>\n
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different vix levels so for a long time<\/div>\n<\/div>\n<\/div>\n
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i would<\/div>\n<\/div>\n<\/div>\n
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do presentations like this and i’d say<\/div>\n<\/div>\n<\/div>\n
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if vix was below 15 around 12 we<\/div>\n<\/div>\n<\/div>\n
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wouldn’t play marketplace stocks we<\/div>\n<\/div>\n<\/div>\n
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wouldn’t trade the overall market and<\/div>\n<\/div>\n<\/div>\n
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then i’d say if it got above 15 we’d<\/div>\n<\/div>\n<\/div>\n
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think<\/div>\n<\/div>\n<\/div>\n
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about actually making marketplace<\/div>\n<\/div>\n<\/div>\n
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looking at spy and volatility and big<\/div>\n<\/div>\n<\/div>\n
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caps that move with the market<\/div>\n<\/div>\n<\/div>\n
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and then if vix got above 20 then we<\/div>\n<\/div>\n<\/div>\n
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certainly probably would be<\/div>\n<\/div>\n<\/div>\n
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we certainly would be trading and<\/div>\n<\/div>\n<\/div>\n
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looking at making market place trading<\/div>\n<\/div>\n<\/div>\n
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the spys trading<\/div>\n<\/div>\n<\/div>\n
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volatility products and you know that<\/div>\n<\/div>\n<\/div>\n
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was<\/div>\n<\/div>\n<\/div>\n
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that was the guidance that we gave guys<\/div>\n<\/div>\n<\/div>\n
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for years and then we ran into the last<\/div>\n<\/div>\n<\/div>\n
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24 months where volatility is elevated<\/div>\n<\/div>\n<\/div>\n
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all right<\/div>\n<\/div>\n<\/div>\n
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but<\/div>\n<\/div>\n<\/div>\n
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you know my advice to that particular<\/div>\n<\/div>\n<\/div>\n
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trader mostly was<\/div>\n<\/div>\n<\/div>\n
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you you really need to pay a little bit<\/div>\n<\/div>\n<\/div>\n
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more attention to volatility momentum<\/div>\n<\/div>\n<\/div>\n
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trades are going to work better when<\/div>\n<\/div>\n<\/div>\n
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volatility is higher absolutely<\/div>\n<\/div>\n<\/div>\n
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certain fade trades are going to work<\/div>\n<\/div>\n<\/div>\n
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better when volatility is higher market<\/div>\n<\/div>\n<\/div>\n
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players are going to work better when<\/div>\n<\/div>\n<\/div>\n
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volatility is higher<\/div>\n<\/div>\n<\/div>\n
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breakout trades are not going to work as<\/div>\n<\/div>\n<\/div>\n
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well when volatility is 12.<\/div>\n<\/div>\n<\/div>\n
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and so<\/div>\n<\/div>\n<\/div>\n
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you know and when volatility is is lower<\/div>\n<\/div>\n<\/div>\n
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arvold becomes even more important in<\/div>\n<\/div>\n<\/div>\n
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your stock<\/div>\n<\/div>\n<\/div>\n
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and so and i see this a lot<\/div>\n<\/div>\n<\/div>\n
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this is such an important factor that<\/div>\n<\/div>\n<\/div>\n
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you’re putting in there for your<\/div>\n<\/div>\n<\/div>\n
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playbook trades<\/div>\n<\/div>\n<\/div>\n
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adding the vix as a key variable to your<\/div>\n<\/div>\n<\/div>\n
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trade and keeping note of that and<\/div>\n<\/div>\n<\/div>\n
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keeping note of your stats<\/div>\n<\/div>\n<\/div>\n
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when volatility when vix is 15 or 20 or<\/div>\n<\/div>\n<\/div>\n
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25<\/div>\n<\/div>\n<\/div>\n
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for certain trades<\/div>\n<\/div>\n<\/div>\n
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and and noting that so<\/div>\n<\/div>\n<\/div>\n
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this is a really great addition to a<\/div>\n<\/div>\n<\/div>\n
\n
\n
playbook which you’ve caught right here<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay so here’s the fundamental drivers<\/div>\n<\/div>\n<\/div>\n
\n
\n
for for kosovo it’s their drug<\/div>\n<\/div>\n<\/div>\n
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\n
saimufilam i’m sorry if i’m not<\/div>\n<\/div>\n<\/div>\n
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\n
pronouncing that right um<\/div>\n<\/div>\n<\/div>\n
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\n
some trials claim came out that it was<\/div>\n<\/div>\n<\/div>\n
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\n
98 effective across a range of<\/div>\n<\/div>\n<\/div>\n
\n
\n
biomarkers in the treatment of<\/div>\n<\/div>\n<\/div>\n
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\n
alzheimer’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
but one of the things that i considered<\/div>\n<\/div>\n<\/div>\n
\n
\n
a con on this is that it’s still in<\/div>\n<\/div>\n<\/div>\n
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\n
phase two so what’s driving this price<\/div>\n<\/div>\n<\/div>\n
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\n
movement is a lot of enthusiasm and with<\/div>\n<\/div>\n<\/div>\n
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\n
that enthusiasm has it comes uncertainty<\/div>\n<\/div>\n<\/div>\n
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\n
and so that’s why i think you’re seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of the volatility<\/div>\n<\/div>\n<\/div>\n
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\n
that has arisen in this in this stock<\/div>\n<\/div>\n<\/div>\n
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\n
everything related to this stock has<\/div>\n<\/div>\n<\/div>\n
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\n
essentially been<\/div>\n<\/div>\n<\/div>\n
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\n
based on this alzheimer drug and so it’s<\/div>\n<\/div>\n<\/div>\n
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\n
extremely volatile when i was trading it<\/div>\n<\/div>\n<\/div>\n
\n
\n
that morning<\/div>\n<\/div>\n<\/div>\n
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\n
this was the pre-market news that was<\/div>\n<\/div>\n<\/div>\n
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released<\/div>\n<\/div>\n<\/div>\n
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\n
and it showed that hey they had<\/div>\n<\/div>\n<\/div>\n
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\n
completed patient enrollment for two<\/div>\n<\/div>\n<\/div>\n
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\n
separate studies in the coming months<\/div>\n<\/div>\n<\/div>\n
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\n
and also attached to that was that 98<\/div>\n<\/div>\n<\/div>\n
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\n
percent effective<\/div>\n<\/div>\n<\/div>\n
\n
\n
and here i also put some stats about<\/div>\n<\/div>\n<\/div>\n
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\n
alzheimer’s<\/div>\n<\/div>\n<\/div>\n
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\n
and the biggest another big one on here<\/div>\n<\/div>\n<\/div>\n
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\n
is the short floats almost 20 i think<\/div>\n<\/div>\n<\/div>\n
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\n
that’s a really big point which you<\/div>\n<\/div>\n<\/div>\n
\n
\n
glossed over alzheimer’s<\/div>\n<\/div>\n<\/div>\n
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\n
affects roughly 50 million people<\/div>\n<\/div>\n<\/div>\n
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worldwide<\/div>\n<\/div>\n<\/div>\n
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\n
what you’ve done here is you’ve asked<\/div>\n<\/div>\n<\/div>\n
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\n
yourself<\/div>\n<\/div>\n<\/div>\n
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\n
the next question all right so the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
question is hey is this news relevant<\/div>\n<\/div>\n<\/div>\n
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\n
and you’re saying yes it is because of<\/div>\n<\/div>\n<\/div>\n
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\n
the<\/div>\n<\/div>\n<\/div>\n
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\n
efficacy of the study<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then the next question is all right<\/div>\n<\/div>\n<\/div>\n
\n
\n
well they’ve got this great effective<\/div>\n<\/div>\n<\/div>\n
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\n
study<\/div>\n<\/div>\n<\/div>\n
\n
\n
well what’s the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
possibility<\/div>\n<\/div>\n<\/div>\n
\n
\n
and what you’re saying here is well it’s<\/div>\n<\/div>\n<\/div>\n
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\n
very large<\/div>\n<\/div>\n<\/div>\n
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\n
this is a huge market<\/div>\n<\/div>\n<\/div>\n
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\n
this is a huge market if somebody were<\/div>\n<\/div>\n<\/div>\n
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\n
to actually get this right<\/div>\n<\/div>\n<\/div>\n
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\n
it would be<\/div>\n<\/div>\n<\/div>\n
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\n
it’d be a trillion dollar plus drug it’d<\/div>\n<\/div>\n<\/div>\n
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\n
be a huge drug<\/div>\n<\/div>\n<\/div>\n
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\n
huge it would change the company<\/div>\n<\/div>\n<\/div>\n
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\n
and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
adding that in there right there is is<\/div>\n<\/div>\n<\/div>\n
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\n
well done right there it’s it’s a it’s a<\/div>\n<\/div>\n<\/div>\n
\n
\n
huge opportunity if they get this right<\/div>\n<\/div>\n<\/div>\n
\n
\n
as opposed to look we’ll see other stuff<\/div>\n<\/div>\n<\/div>\n
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\n
like<\/div>\n<\/div>\n<\/div>\n
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\n
i’m not necessarily a doctor or anything<\/div>\n<\/div>\n<\/div>\n
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\n
but<\/div>\n<\/div>\n<\/div>\n
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\n
where the market possibilities are much<\/div>\n<\/div>\n<\/div>\n
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\n
lower it’s an effective drug great it<\/div>\n<\/div>\n<\/div>\n
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\n
will help some people but not a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
people have this particular disease and<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s not going to really make a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
money and that’s not going to be seen as<\/div>\n<\/div>\n<\/div>\n
\n
\n
possible by the market all right good so<\/div>\n<\/div>\n<\/div>\n
\n
\n
you got a high short float as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s 20<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i kind of started looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
taking a potential long when you have a<\/div>\n<\/div>\n<\/div>\n
\n
\n
short float that high and as we’ll get<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the technicals in a little bit when<\/div>\n<\/div>\n<\/div>\n
\n
\n
you have a short float that high<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you have something positive like<\/div>\n<\/div>\n<\/div>\n
\n
\n
positive catalysts like that it<\/div>\n<\/div>\n<\/div>\n
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\n
that’s how i was thinking about taking<\/div>\n<\/div>\n<\/div>\n
\n
\n
it long and we’ll get into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
technicals also sometimes i take the<\/div>\n<\/div>\n<\/div>\n
\n
\n
average analyst price target i know i’ve<\/div>\n<\/div>\n<\/div>\n
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\n
seen some traders here say hey analyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
price target came out at 180 but i saw<\/div>\n<\/div>\n<\/div>\n
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\n
so many different price ranges that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
just took the average i don’t know what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you think about that but<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i think let’s just skip that for<\/div>\n<\/div>\n<\/div>\n
\n
\n
another video the i’ll say one thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
about that which is uh you wanna the<\/div>\n<\/div>\n<\/div>\n
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\n
better question is<\/div>\n<\/div>\n<\/div>\n
\n
\n
is there room for people to upgrade<\/div>\n<\/div>\n<\/div>\n
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\n
their<\/div>\n<\/div>\n<\/div>\n
\n
\n
price targets and are there people who<\/div>\n<\/div>\n<\/div>\n
\n
\n
haven’t covered the stock who are going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to come in and start to cover it which<\/div>\n<\/div>\n<\/div>\n
\n
\n
will bring a new catalyst to it so once<\/div>\n<\/div>\n<\/div>\n
\n
\n
i analyze the some of the fundamentals i<\/div>\n<\/div>\n<\/div>\n
\n
\n
started looking at a breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
and these are the variables for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
optimal breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
you obviously like elevator arvol<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume is the fuel of the fire per se so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll get into why i chose five later but<\/div>\n<\/div>\n<\/div>\n
\n
\n
this this was going to need a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume to break through some of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
levels that we’ll see<\/div>\n<\/div>\n<\/div>\n
\n
\n
um low volume on pullbacks kind of goes<\/div>\n<\/div>\n<\/div>\n
\n
\n
without saying you don’t want to see a<\/div>\n<\/div>\n<\/div>\n
\n
\n
whole lot of sailing even on pullbacks<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wanted to see a strong move into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout area<\/div>\n<\/div>\n<\/div>\n
\n
\n
news catalyst that checks out critical<\/div>\n<\/div>\n<\/div>\n
\n
\n
levels broken<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it was breaking in the pre-market it<\/div>\n<\/div>\n<\/div>\n
\n
\n
was breaking 90.<\/div>\n<\/div>\n<\/div>\n
\n
\n
i also want to see market in favor and<\/div>\n<\/div>\n<\/div>\n
\n
\n
sector in favor so here’s spy and this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is generally what i look at in terms of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the mar how the overall market’s doing<\/div>\n<\/div>\n<\/div>\n
\n
\n
you can look at queues and whatnot but<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is what i was looking at for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the previous two days were pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
interesting it came down at 420 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
balanced at 425 and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
the previous day it held that 425 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
came up back into the 430s<\/div>\n<\/div>\n<\/div>\n
\n
\n
and close it closed pretty strong and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then futures held up as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but with this delta variant and a few<\/div>\n<\/div>\n<\/div>\n
\n
\n
other economic indicators<\/div>\n<\/div>\n<\/div>\n
\n
\n
that were going to be released this week<\/div>\n<\/div>\n<\/div>\n
\n
\n
i thought maybe it could usher in some<\/div>\n<\/div>\n<\/div>\n
\n
\n
uncertainty<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’m just trying to gather a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
picture i’m not actually saying hey<\/div>\n<\/div>\n<\/div>\n
\n
\n
because it’s at 4 30 then self is not<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to break it or break out i just<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get as much information as i could and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then make an educated decision based on<\/div>\n<\/div>\n<\/div>\n
\n
\n
that and here’s xlv which is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
healthcare sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the previous two days were kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
like spy a little bit but this one<\/div>\n<\/div>\n<\/div>\n
\n
\n
tapped all-time highs and retraced us a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit<\/div>\n<\/div>\n<\/div>\n
\n
\n
at near that 130 mark so i thought hey<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe another 130 test could be on<\/div>\n<\/div>\n<\/div>\n
\n
\n
horizon and if xlv’s breaking out i mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
salva could break out so i just tried to<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe connect the dots a little bit and<\/div>\n<\/div>\n<\/div>\n
\n
\n
look<\/div>\n<\/div>\n<\/div>\n
\n
\n
now here is the sava daily<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
when their alzheimer’s drug news was<\/div>\n<\/div>\n<\/div>\n
\n
\n
initially released um on february 1st<\/div>\n<\/div>\n<\/div>\n
\n
\n
this had a pretty high short flow i<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t remember exactly what it was but<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was i think in the at least 25 30<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent it was really high and as soon<\/div>\n<\/div>\n<\/div>\n
\n
\n
as that news was released this thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
shot up 500 percent and i don’t remember<\/div>\n<\/div>\n<\/div>\n
\n
\n
exactly what the news was that caused<\/div>\n<\/div>\n<\/div>\n
\n
\n
that move down because there’s been so<\/div>\n<\/div>\n<\/div>\n
\n
\n
much news released in this stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it made a pretty quick retracement<\/div>\n<\/div>\n<\/div>\n
\n
\n
back and then it’s just been a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit consolidating tap 30 and then as<\/div>\n<\/div>\n<\/div>\n
\n
\n
more news has been released about these<\/div>\n<\/div>\n<\/div>\n
\n
\n
trials and the efficacy of that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it started to make some moves up and<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i’m gonna the point i’m gonna make<\/div>\n<\/div>\n<\/div>\n
\n
\n
on this one is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
a week before<\/div>\n<\/div>\n<\/div>\n
\n
\n
i made this trade as you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
um<\/div>\n<\/div>\n<\/div>\n
\n
\n
on july 5th and july 2 actually i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
was july 12th some news was released<\/div>\n<\/div>\n<\/div>\n
\n
\n
some negative news was released<\/div>\n<\/div>\n<\/div>\n
\n
\n
about the alzheimer’s drug and it made a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really sharp sharp downturn and then<\/div>\n<\/div>\n<\/div>\n
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\n
another news was released and it came<\/div>\n<\/div>\n<\/div>\n
\n
\n
back up so i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
in terms of this big picture that<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the morning that it opened it was<\/div>\n<\/div>\n<\/div>\n
\n
\n
opening around 95 and it made it it<\/div>\n<\/div>\n<\/div>\n
\n
\n
gapped up a little bit over a 90 and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i thought if this goes over 100 with<\/div>\n<\/div>\n<\/div>\n
\n
\n
this news with this short float with<\/div>\n<\/div>\n<\/div>\n
\n
\n
everything combined that it could make a<\/div>\n<\/div>\n<\/div>\n
\n
\n
real move back up to maybe even all-time<\/div>\n<\/div>\n<\/div>\n
\n
\n
highs but it just needed the volume and<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that’s kind of what my<\/div>\n<\/div>\n<\/div>\n
\n
\n
my rationale was going into this into<\/div>\n<\/div>\n<\/div>\n
\n
\n
this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and here is the multi-time frames i’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
draw your attention to the hourly chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
60 day as you can see that 90 that 90<\/div>\n<\/div>\n<\/div>\n
\n
\n
mark was key and when it was started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
move up<\/div>\n<\/div>\n<\/div>\n
\n
\n
in pre-market above that 90<\/div>\n<\/div>\n<\/div>\n
\n
\n
the only thing that it didn’t really do<\/div>\n<\/div>\n<\/div>\n
\n
\n
a lot of pre-market volume and salvage<\/div>\n<\/div>\n<\/div>\n
\n
\n
just doesn’t really do a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market volume even when it makes<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong moves so it’s not really<\/div>\n<\/div>\n<\/div>\n
\n
\n
something i could have taken into<\/div>\n<\/div>\n<\/div>\n
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\n
account<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would have liked to but<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just kind of had to go with what i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
given and i just really liked that it<\/div>\n<\/div>\n<\/div>\n
\n
\n
was making a move above 90 and into that<\/div>\n<\/div>\n<\/div>\n
\n
\n
95 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and here are some of the intraday<\/div>\n<\/div>\n<\/div>\n
\n
\n
fundamentals um average volume is<\/div>\n<\/div>\n<\/div>\n
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\n
formulating shares which means it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
liquid<\/div>\n<\/div>\n<\/div>\n
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\n
uh arvol<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is this is the one that i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at on other breakout days saying<\/div>\n<\/div>\n<\/div>\n
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hey what was arvol like when it broke<\/div>\n<\/div>\n<\/div>\n
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\n
out on that what was harvard like when<\/div>\n<\/div>\n<\/div>\n
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it broke out on that and it looked like<\/div>\n<\/div>\n<\/div>\n
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it was around four to four and a half to<\/div>\n<\/div>\n<\/div>\n
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five which is really awesome for this i<\/div>\n<\/div>\n<\/div>\n
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thought that that that was key<\/div>\n<\/div>\n<\/div>\n
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atr is 7.6 which<\/div>\n<\/div>\n<\/div>\n
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the reason one of the reasons i look at<\/div>\n<\/div>\n<\/div>\n
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atr well multiple reasons but in this<\/div>\n<\/div>\n<\/div>\n
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case it’s just to manage risk and to<\/div>\n<\/div>\n<\/div>\n
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know hey if it drops down 7.6 it could<\/div>\n<\/div>\n<\/div>\n
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it could make a reversal or you just got<\/div>\n<\/div>\n<\/div>\n
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to kind of keep in mind atr when you’re<\/div>\n<\/div>\n<\/div>\n
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\n
trading as it’s just a general range<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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just good to keep in the general range<\/div>\n<\/div>\n<\/div>\n
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of the stock<\/div>\n<\/div>\n<\/div>\n
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short flow we talked about institutional<\/div>\n<\/div>\n<\/div>\n
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ownership 80 which is pretty high<\/div>\n<\/div>\n<\/div>\n
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actually it’s really high<\/div>\n<\/div>\n<\/div>\n
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\n
float market cap and beta<\/div>\n<\/div>\n<\/div>\n
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\n
so here is my battle plan going to sava<\/div>\n<\/div>\n<\/div>\n
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i generally like to look at gappers that<\/div>\n<\/div>\n<\/div>\n
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have gone up five five percent or gap<\/div>\n<\/div>\n<\/div>\n
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down five percent for a gap and go<\/div>\n<\/div>\n<\/div>\n
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strategy i wanted it to open<\/div>\n<\/div>\n<\/div>\n
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with a strong move on high orville<\/div>\n<\/div>\n<\/div>\n
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the pre-market volume like we talked<\/div>\n<\/div>\n<\/div>\n
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about was<\/div>\n<\/div>\n<\/div>\n
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one only 1.5 of its average daily volume<\/div>\n<\/div>\n<\/div>\n
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which is pretty low but um that’s just<\/div>\n<\/div>\n<\/div>\n
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not a variable that i could have really<\/div>\n<\/div>\n<\/div>\n
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taken into account because it doesn’t do<\/div>\n<\/div>\n<\/div>\n
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a lot of pre-market volume<\/div>\n<\/div>\n<\/div>\n
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i thought the catalyst should see shorts<\/div>\n<\/div>\n<\/div>\n
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covering but the most important factor<\/div>\n<\/div>\n<\/div>\n
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will be if volume is high enough to<\/div>\n<\/div>\n<\/div>\n
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carry saba through the overhead<\/div>\n<\/div>\n<\/div>\n
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resistance<\/div>\n<\/div>\n<\/div>\n
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one of my worries with this<\/div>\n<\/div>\n<\/div>\n
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\n
actually with a lot of stocks especially<\/div>\n<\/div>\n<\/div>\n
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volatile ones is if it reaches a<\/div>\n<\/div>\n<\/div>\n
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\n
critical level and you take the break<\/div>\n<\/div>\n<\/div>\n
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\n
out you just get rug pulled down i mean<\/div>\n<\/div>\n<\/div>\n
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\n
multiple points and so that was<\/div>\n<\/div>\n<\/div>\n
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\n
that was one of my worries but i thought<\/div>\n<\/div>\n<\/div>\n
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if i keep tight stops<\/div>\n<\/div>\n<\/div>\n
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the probabilities that they could have<\/div>\n<\/div>\n<\/div>\n
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\n
kept going was higher than a potential<\/div>\n<\/div>\n<\/div>\n
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\n
rug pull so<\/div>\n<\/div>\n<\/div>\n
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\n
i just kept in mind that hey it’s going<\/div>\n<\/div>\n<\/div>\n
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\n
to be volatile at some of these critical<\/div>\n<\/div>\n<\/div>\n
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points<\/div>\n<\/div>\n<\/div>\n
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and just to<\/div>\n<\/div>\n<\/div>\n
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\n
size accordingly and if i’d also if i<\/div>\n<\/div>\n<\/div>\n
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\n
don’t know if it doesn’t work i’ll know<\/div>\n<\/div>\n<\/div>\n
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\n
rather quickly and exit the position<\/div>\n<\/div>\n<\/div>\n
\n
\n
these are my entry rules holding above<\/div>\n<\/div>\n<\/div>\n
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\n
v-wep<\/div>\n<\/div>\n<\/div>\n
\n
\n
obviously i wanted to hold above v-wap<\/div>\n<\/div>\n<\/div>\n
\n
\n
it we’ll get into the trend candles that<\/div>\n<\/div>\n<\/div>\n
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\n
i use it’s like a variation of high<\/div>\n<\/div>\n<\/div>\n
\n
\n
kenashi<\/div>\n<\/div>\n<\/div>\n
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\n
if you’ve ever heard of those or seen<\/div>\n<\/div>\n<\/div>\n
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those<\/div>\n<\/div>\n<\/div>\n
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\n
tape shows buyers in control i wanted a<\/div>\n<\/div>\n<\/div>\n
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\n
strong move though i mean this is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
big one i wanted a strong move i wanted<\/div>\n<\/div>\n<\/div>\n
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\n
like a door ramp through it i didn’t<\/div>\n<\/div>\n<\/div>\n
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\n
want something less chopping and<\/div>\n<\/div>\n<\/div>\n
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\n
grinding into it i just wanted a just a<\/div>\n<\/div>\n<\/div>\n
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\n
bulldozer straight through 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
high volume candles and this is kind of<\/div>\n<\/div>\n<\/div>\n
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\n
what i was willing to risk if it was low<\/div>\n<\/div>\n<\/div>\n
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\n
conviction 10 percent of my daily stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
medium conviction 20 and high conviction<\/div>\n<\/div>\n<\/div>\n
\n
\n
um upwards of 40. probably 30. i like<\/div>\n<\/div>\n<\/div>\n
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\n
how you’re making that distinction there<\/div>\n<\/div>\n<\/div>\n
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\n
before the trade and<\/div>\n<\/div>\n<\/div>\n
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\n
deciding to allocate different risks<\/div>\n<\/div>\n<\/div>\n
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\n
based on your conviction level i like<\/div>\n<\/div>\n<\/div>\n
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\n
how<\/div>\n<\/div>\n<\/div>\n
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\n
you thought through that<\/div>\n<\/div>\n<\/div>\n
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\n
these are just a few questions that i<\/div>\n<\/div>\n<\/div>\n
\n
\n
asked myself and some sayings that i<\/div>\n<\/div>\n<\/div>\n
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\n
repeat to myself<\/div>\n<\/div>\n<\/div>\n
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\n
the only one answered no to this was do<\/div>\n<\/div>\n<\/div>\n
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\n
i feel 100 confident with this trade i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
going to take and so that’s kind of how<\/div>\n<\/div>\n<\/div>\n
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\n
i judge my conviction and how much i’m<\/div>\n<\/div>\n<\/div>\n
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\n
willing to risk<\/div>\n<\/div>\n<\/div>\n
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\n
and the picture on the right is<\/div>\n<\/div>\n<\/div>\n
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\n
something i say to myself some mornings<\/div>\n<\/div>\n<\/div>\n
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\n
because i think when you repeat<\/div>\n<\/div>\n<\/div>\n
\n
\n
something it helps improve memory and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just repeat this aloud to myself<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i don’t know if you want to feel<\/div>\n<\/div>\n<\/div>\n
\n
\n
100 confident in the trade well it’s<\/div>\n<\/div>\n<\/div>\n
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\n
good ever that’s true<\/div>\n<\/div>\n<\/div>\n
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\n
i think you want to be having a<\/div>\n<\/div>\n<\/div>\n
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\n
conversation with yourself<\/div>\n<\/div>\n<\/div>\n
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\n
before<\/div>\n<\/div>\n<\/div>\n
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\n
in the middle<\/div>\n<\/div>\n<\/div>\n
\n
\n
before the trade and and while you’re in<\/div>\n<\/div>\n<\/div>\n
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\n
the trade<\/div>\n<\/div>\n<\/div>\n
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\n
about<\/div>\n<\/div>\n<\/div>\n
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\n
hey here are the reasons why it’s a good<\/div>\n<\/div>\n<\/div>\n
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\n
trade here are the reasons why this<\/div>\n<\/div>\n<\/div>\n
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\n
trade may not work<\/div>\n<\/div>\n<\/div>\n
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\n
i i think for i mean yesterday we had a<\/div>\n<\/div>\n<\/div>\n
\n
\n
big bounce trade in baba and it worked<\/div>\n<\/div>\n<\/div>\n
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\n
out and it was looking good<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you want to have a dialogue about<\/div>\n<\/div>\n<\/div>\n
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\n
why it may not work out<\/div>\n<\/div>\n<\/div>\n
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\n
so i<\/div>\n<\/div>\n<\/div>\n
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\n
you know i i and you know<\/div>\n<\/div>\n<\/div>\n
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\n
you don’t i think if you<\/div>\n<\/div>\n<\/div>\n
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\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel a hundred percent confident in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade you may<\/div>\n<\/div>\n<\/div>\n
\n
\n
not be as open-minded as you need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s true uh you may not be asking<\/div>\n<\/div>\n<\/div>\n
\n
\n
yourself the questions you need to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
asking yourself about how this trade may<\/div>\n<\/div>\n<\/div>\n
\n
\n
not work<\/div>\n<\/div>\n<\/div>\n
\n
\n
you may not be taking in the information<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
gets you to make a trade decision you<\/div>\n<\/div>\n<\/div>\n
\n
\n
know maybe there’s information coming in<\/div>\n<\/div>\n<\/div>\n
\n
\n
to the trade where you need to take some<\/div>\n<\/div>\n<\/div>\n
\n
\n
off<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re just 100 confident you just<\/div>\n<\/div>\n<\/div>\n
\n
\n
sit with it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and that’s not good i mean you should be<\/div>\n<\/div>\n<\/div>\n
\n
\n
confident<\/div>\n<\/div>\n<\/div>\n
\n
\n
that this is a good risk reward trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s how you want to be thinking this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is worth me putting risk on<\/div>\n<\/div>\n<\/div>\n
\n
\n
i should be in this trade it’s worth it<\/div>\n<\/div>\n<\/div>\n
\n
\n
my win rate is<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
my risk reward is is good<\/div>\n<\/div>\n<\/div>\n
\n
\n
i should i should t if i take this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
100 times i’m going to do well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but there’s just a lot not in your<\/div>\n<\/div>\n<\/div>\n
\n
\n
control and you’ll accept that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is uh something i also do<\/div>\n<\/div>\n<\/div>\n
\n
\n
just visualizing the potential openings<\/div>\n<\/div>\n<\/div>\n
\n
\n
what i want to see versus kind of what i<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t want to see and obviously number<\/div>\n<\/div>\n<\/div>\n
\n
\n
one is exactly what i wanted to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
i wanted to see it open and possibly a<\/div>\n<\/div>\n<\/div>\n
\n
\n
v-blap retracement entry i didn’t want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
it open lower than vr it open lower and<\/div>\n<\/div>\n<\/div>\n
\n
\n
then maybe do a v-robot retracement and<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of grind back up or start to look<\/div>\n<\/div>\n<\/div>\n
\n
\n
heavy v-wap i wanted it to just<\/div>\n<\/div>\n<\/div>\n
\n
\n
open strong maybe pull back the v-wap<\/div>\n<\/div>\n<\/div>\n
\n
\n
and just and show that buyers were in<\/div>\n<\/div>\n<\/div>\n
\n
\n
control and do an immediate bounce from<\/div>\n<\/div>\n<\/div>\n
\n
\n
b web<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just wanted to see real strength<\/div>\n<\/div>\n<\/div>\n
\n
\n
both on the charts and on the date yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would add one more pattern for you to<\/div>\n<\/div>\n<\/div>\n
\n
\n
think about which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a value buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
support<\/div>\n<\/div>\n<\/div>\n
\n
\n
so value buying comma support<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh or an area where it’s just not<\/div>\n<\/div>\n<\/div>\n
\n
\n
trading below<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think if you really like the idea you<\/div>\n<\/div>\n<\/div>\n
\n
\n
really like the setup i want to add that<\/div>\n<\/div>\n<\/div>\n
\n
\n
pattern there as well like they’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
trying to push it below a certain level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they can’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
and time is going by and you’re seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that accumulation around a certain area<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think that’s that’s worth it i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s particularly true<\/div>\n<\/div>\n<\/div>\n
\n
\n
in stocks that have a high short float<\/div>\n<\/div>\n<\/div>\n
\n
\n
um<\/div>\n<\/div>\n<\/div>\n
\n
\n
and those can be those can be pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
good winners because you’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i don’t think the stock necessarily<\/div>\n<\/div>\n<\/div>\n
\n
\n
has to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
super strong intraday for it to be<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding up certain areas that you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade off of so this is opening bell<\/div>\n<\/div>\n<\/div>\n
\n
\n
xlv kind of sold off a little bit i mean<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty sharply but it was at all time<\/div>\n<\/div>\n<\/div>\n
\n
\n
highs so i wasn’t too concerned<\/div>\n<\/div>\n<\/div>\n
\n
\n
and volume was was okay it was it’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
like it was real heavy uh spy on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
other hand it opened pretty strong um i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was comfortable with that<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so i took that into account if spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
had opened real weak i probably would<\/div>\n<\/div>\n<\/div>\n
\n
\n
have been a little bit more apprehensive<\/div>\n<\/div>\n<\/div>\n
\n
\n
about it i put more weight on the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
as opposed to the sector<\/div>\n<\/div>\n<\/div>\n
\n
\n
but obviously i know some people that<\/div>\n<\/div>\n<\/div>\n
\n
\n
put more weight on the sector as opposed<\/div>\n<\/div>\n<\/div>\n
\n
\n
to the market too so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was comfortable taking the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
considering that the market was was in<\/div>\n<\/div>\n<\/div>\n
\n
\n
my favor a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
so here’s the trade uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
i first off i’ll point out i use trend<\/div>\n<\/div>\n<\/div>\n
\n
\n
candles so that’s why the candles are<\/div>\n<\/div>\n<\/div>\n
\n
\n
all green they weren’t actually all<\/div>\n<\/div>\n<\/div>\n
\n
\n
green on that day if you were to regular<\/div>\n<\/div>\n<\/div>\n
\n
\n
candlesticks but<\/div>\n<\/div>\n<\/div>\n
\n
\n
just kind of helps me visualize things a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit better and then i have color<\/div>\n<\/div>\n<\/div>\n
\n
\n
changing moving averages too so<\/div>\n<\/div>\n<\/div>\n
\n
\n
um but anyways<\/div>\n<\/div>\n<\/div>\n
\n
\n
also pivot points as well those are the<\/div>\n<\/div>\n<\/div>\n
\n
\n
red lines but<\/div>\n<\/div>\n<\/div>\n
\n
\n
this opened very strong and so when i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was when it opened i was thinking okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
we got 100 we got 100 on deck and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll see what happens at that<\/div>\n<\/div>\n<\/div>\n
\n
\n
but<\/div>\n<\/div>\n<\/div>\n
\n
\n
as soon as it hit 100 there’s a few<\/div>\n<\/div>\n<\/div>\n
\n
\n
things that were going on here it was at<\/div>\n<\/div>\n<\/div>\n
\n
\n
one atr which means i thought it could<\/div>\n<\/div>\n<\/div>\n
\n
\n
reverse here it was also at 100 and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s kind of a little bit of battle in<\/div>\n<\/div>\n<\/div>\n
\n
\n
my mind thinking okay this is a critical<\/div>\n<\/div>\n<\/div>\n
\n
\n
level it’s that one atr<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so i’ll just see how it reacts and<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if it didn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it didn’t have as clean a break of<\/div>\n<\/div>\n<\/div>\n
\n
\n
100 and the bid stepped up and large<\/div>\n<\/div>\n<\/div>\n
\n
\n
aspirants and offers lifted and all<\/div>\n<\/div>\n<\/div>\n
\n
\n
these other things happened i probably<\/div>\n<\/div>\n<\/div>\n
\n
\n
wouldn’t have taken it but this thing<\/div>\n<\/div>\n<\/div>\n
\n
\n
was so strong didn’t even pull back to v<\/div>\n<\/div>\n<\/div>\n
\n
\n
web it didn’t even hesitated a hundred<\/div>\n<\/div>\n<\/div>\n
\n
\n
it just blew right past it and from what<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was saying earlier in<\/div>\n<\/div>\n<\/div>\n
\n
\n
some of the pre-market uh anal or when i<\/div>\n<\/div>\n<\/div>\n
\n
\n
was analyzing at some pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s exactly what i wanted to see<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe maybe a little bit of a pullback<\/div>\n<\/div>\n<\/div>\n
\n
\n
but this was already at i mean i think<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a five arvol or four and a half rv<\/div>\n<\/div>\n<\/div>\n
\n
\n
which was absolutely perfect so blew<\/div>\n<\/div>\n<\/div>\n
\n
\n
right past the hundred and i entered<\/div>\n<\/div>\n<\/div>\n
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and<\/div>\n<\/div>\n<\/div>\n
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uh my my initial profit target was<\/div>\n<\/div>\n<\/div>\n
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around one probably at least<\/div>\n<\/div>\n<\/div>\n
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108 110 i don’t remember exactly where<\/div>\n<\/div>\n<\/div>\n
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\n
our profit target on that was but<\/div>\n<\/div>\n<\/div>\n
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usually it’s around maybe the next pivot<\/div>\n<\/div>\n<\/div>\n
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point or the the overhead resistance<\/div>\n<\/div>\n<\/div>\n
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\n
but i started to take profit when i<\/div>\n<\/div>\n<\/div>\n
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\n
thought hey this is this is due for a<\/div>\n<\/div>\n<\/div>\n
\n
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pullback it’s pretty extended from view<\/div>\n<\/div>\n<\/div>\n
\n
\n
app it’s at the pivot point um and so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
scaled out a little bit there and<\/div>\n<\/div>\n<\/div>\n
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i was kind of awesome honestly i was<\/div>\n<\/div>\n<\/div>\n
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\n
thinking maybe if it maybe if we see a b<\/div>\n<\/div>\n<\/div>\n
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\n
by retracement could possibly even add<\/div>\n<\/div>\n<\/div>\n
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\n
to it but we didn’t and so i thought<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is due for a reversal i didn’t<\/div>\n<\/div>\n<\/div>\n
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\n
anticipate it going past the 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
110 and going all the way to 120 but i<\/div>\n<\/div>\n<\/div>\n
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\n
held and eventually ended up selling at<\/div>\n<\/div>\n<\/div>\n
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\n
once the trend candle started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
started to or once the sentiment started<\/div>\n<\/div>\n<\/div>\n
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\n
to change and you see that big<\/div>\n<\/div>\n<\/div>\n
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\n
cell sale candle right there<\/div>\n<\/div>\n<\/div>\n
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\n
after the rejection from the 120<\/div>\n<\/div>\n<\/div>\n
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\n
resistance and the pivot point<\/div>\n<\/div>\n<\/div>\n
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\n
um so i scaled out most there<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you entered what was your stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
95 it was low a day<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was also another pivot point right<\/div>\n<\/div>\n<\/div>\n
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\n
down there but it was essentially low of<\/div>\n<\/div>\n<\/div>\n
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day<\/div>\n<\/div>\n<\/div>\n
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\n
i mean i got pretty good rr out of it i<\/div>\n<\/div>\n<\/div>\n
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\n
mean it’s one but<\/div>\n<\/div>\n<\/div>\n
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\n
yeah i’m not sold on the 100 technical<\/div>\n<\/div>\n<\/div>\n
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\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
go back to your daily chart so you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see it it held 100 and then i mean it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
got a little bit of resistance right<\/div>\n<\/div>\n<\/div>\n
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\n
around that 100 area it’s not<\/div>\n<\/div>\n<\/div>\n
\n
\n
necessarily a line in the sand but it’s<\/div>\n<\/div>\n<\/div>\n
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\n
just that area right there<\/div>\n<\/div>\n<\/div>\n
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\n
yeah i mean it broke down from that<\/div>\n<\/div>\n<\/div>\n
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100 area didn’t it<\/div>\n<\/div>\n<\/div>\n
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\n
i don’t know if that’s really even 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
where it really breaks down from<\/div>\n<\/div>\n<\/div>\n
\n
\n
look anyway it looks like it could be a<\/div>\n<\/div>\n<\/div>\n
\n
\n
little bit lower than that<\/div>\n<\/div>\n<\/div>\n
\n
\n
um<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it does start to break that uptrend<\/div>\n<\/div>\n<\/div>\n
\n
\n
near it looks like around<\/div>\n<\/div>\n<\/div>\n
\n
\n
ish and start to go down and has a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty big down move<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that area<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to be resistance<\/div>\n<\/div>\n<\/div>\n
\n
\n
i don’t know that it’s exactly a hundred<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think that’s something to think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
i also do think when it gets back above<\/div>\n<\/div>\n<\/div>\n
\n
\n
90 the momentum is back to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah you know when i look at that chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
when i look at that daily chart<\/div>\n<\/div>\n<\/div>\n
\n
\n
the momentum comes out of it around 98<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and trades down and then if it<\/div>\n<\/div>\n<\/div>\n
\n
\n
reclaims 90<\/div>\n<\/div>\n<\/div>\n
\n
\n
the short-term and medium-term momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
are back to the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i don’t know that i love your 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
level uh from technical analysis<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh and i do think when you think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
the stock i mean this is a momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock overall<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum stocks trade differently when<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re in their growth stage than other<\/div>\n<\/div>\n<\/div>\n
\n
\n
stocks it’s super important for you to<\/div>\n<\/div>\n<\/div>\n
\n
\n
understand when the momentum to the<\/div>\n<\/div>\n<\/div>\n
\n
\n
upside is back on<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s above 90 in this case<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
the reason i bring that up<\/div>\n<\/div>\n<\/div>\n
\n
\n
is because that gives you<\/div>\n<\/div>\n<\/div>\n
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\n
an opportunity to think about entering<\/div>\n<\/div>\n<\/div>\n
\n
\n
before 100. that that gives you an<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity for you to be thinking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
some setups for you you know maybe you<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to make an opening drive<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade right when it opens up you know<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe there are levels you can get in if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you go to the intraday i i see better<\/div>\n<\/div>\n<\/div>\n
\n
\n
executions<\/div>\n<\/div>\n<\/div>\n
\n
\n
on entry for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
i see you know right away on the open as<\/div>\n<\/div>\n<\/div>\n
\n
\n
a potential opportunity<\/div>\n<\/div>\n<\/div>\n
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\n
i<\/div>\n<\/div>\n<\/div>\n
\n
\n
see uh above that<\/div>\n<\/div>\n<\/div>\n
\n
\n
it almost looks like it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
i can’t read that is it what’s it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
198.96<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i mean i definitely see an<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity above 98 to<\/div>\n<\/div>\n<\/div>\n
\n
\n
start there i mean looks like it goes up<\/div>\n<\/div>\n<\/div>\n
\n
\n
to 98 and<\/div>\n<\/div>\n<\/div>\n
\n
\n
stalls and then gets above there<\/div>\n<\/div>\n<\/div>\n
\n
\n
and holds there so<\/div>\n<\/div>\n<\/div>\n
\n
\n
when you go back and you look at these<\/div>\n<\/div>\n<\/div>\n
\n
\n
trades you really have to be careful<\/div>\n<\/div>\n<\/div>\n
\n
\n
about your entries<\/div>\n<\/div>\n<\/div>\n
\n
\n
your stop is pretty wide<\/div>\n<\/div>\n<\/div>\n
\n
\n
i understand the uh atr is big in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
but you’ve got a five dollar stop and<\/div>\n<\/div>\n<\/div>\n
\n
\n
something that<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m not sure you really<\/div>\n<\/div>\n<\/div>\n
\n
\n
couldn’t have been in earlier for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
same trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
um<\/div>\n<\/div>\n<\/div>\n
\n
\n
which what’s your feedback there what<\/div>\n<\/div>\n<\/div>\n
\n
\n
are your thoughts no that’s good i<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think in<\/div>\n<\/div>\n<\/div>\n
\n
\n
in my stage of my training i’m a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit more hesitant to take the first 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’s just because i want to see that<\/div>\n<\/div>\n<\/div>\n
\n
\n
at least the trend is forming because<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ve i feel like i’ve gotten caught in<\/div>\n<\/div>\n<\/div>\n
\n
\n
so many trades where i take it and it<\/div>\n<\/div>\n<\/div>\n
\n
\n
just rips right back down but doesn’t it<\/div>\n<\/div>\n<\/div>\n
\n
\n
get above 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
oh yeah that’s where i took it or well i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think i took it right at 100 when it<\/div>\n<\/div>\n<\/div>\n
\n
\n
broke yeah and what time is a day is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh i think it’s around<\/div>\n<\/div>\n<\/div>\n
\n
\n
9 50 new york central or time but<\/div>\n<\/div>\n<\/div>\n
\n
\n
for eastern time<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you don’t want to take trades in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
first 15 minutes but you’re okay in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
first 20 minutes<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i just sometimes i wait for the 15<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute candle to close um it’s not an<\/div>\n<\/div>\n<\/div>\n
\n
\n
exact science i think sometimes i just<\/div>\n<\/div>\n<\/div>\n
\n
\n
feel it out a little bit but maybe maybe<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m more<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe i just need to keep stats on that<\/div>\n<\/div>\n<\/div>\n
\n
\n
because maybe i’m more apprehensive in<\/div>\n<\/div>\n<\/div>\n
\n
\n
the first 15 minutes to take breakouts<\/div>\n<\/div>\n<\/div>\n
\n
\n
and maybe i need to work on that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so look if something’s really gonna run<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the day and you you have big players<\/div>\n<\/div>\n<\/div>\n
\n
\n
that are interested in this stock a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
common pattern is the volume comes in<\/div>\n<\/div>\n<\/div>\n
\n
\n
right away<\/div>\n<\/div>\n<\/div>\n
\n
\n
and there’s price movement right away<\/div>\n<\/div>\n<\/div>\n
\n
\n
because they can’t wait they’re scared<\/div>\n<\/div>\n<\/div>\n
\n
\n
to wait the big players are scared to<\/div>\n<\/div>\n<\/div>\n
\n
\n
wait they they want to buy this thing up<\/div>\n<\/div>\n<\/div>\n
\n
\n
to<\/div>\n<\/div>\n<\/div>\n
\n
\n
150 bucks or 125 bucks<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they want to buy a lot<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so they can’t really risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
waiting in certain particularly momentum<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock and so they’ll show you<\/div>\n<\/div>\n<\/div>\n
\n
\n
their hand<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re going to tip their hand early<\/div>\n<\/div>\n<\/div>\n
\n
\n
on the open in the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
early okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
and<\/div>\n<\/div>\n<\/div>\n
\n
\n
so so that’s a common<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah so i don’t know if you needed to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get in at 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and the reason why i don’t like you<\/div>\n<\/div>\n<\/div>\n
\n
\n
having to get in above 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a stop of five dollars is because<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re going to judge how much you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk by giving it a five dollar stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
and for you to trade this with a little<\/div>\n<\/div>\n<\/div>\n
\n
\n
bit more size<\/div>\n<\/div>\n<\/div>\n
\n
\n
is going to require<\/div>\n<\/div>\n<\/div>\n
\n
\n
potentially giving it a little bit of a<\/div>\n<\/div>\n<\/div>\n
\n
\n
tighter stop okay um<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s that’s a you know that’s a five<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent<\/div>\n<\/div>\n<\/div>\n
\n
\n
stop that’s a five percent move in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular stock from 100 to 95. that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a big stop<\/div>\n<\/div>\n<\/div>\n
\n
\n
so<\/div>\n<\/div>\n<\/div>\n
\n
\n
i i think about that but i like the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
you scaled out of it i think that was<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty good yeah generally<\/div>\n<\/div>\n<\/div>\n
\n
\n
i just think<\/div>\n<\/div>\n<\/div>\n
\n
\n
to me this trade is to me this trade is<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a news catalyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s above it’s above 90.<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i’ve and and the momentum is back to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the upside again and i’ve identified a<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock that can really go up<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i need to figure out how to get into<\/div>\n<\/div>\n<\/div>\n
\n
\n
this thing okay and i don’t want to tell<\/div>\n<\/div>\n<\/div>\n
\n
\n
you exactly how to do that because<\/div>\n<\/div>\n<\/div>\n
\n
\n
there’s a lot of different ways to get<\/div>\n<\/div>\n<\/div>\n
\n
\n
in<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it’ll make more sense what makes<\/div>\n<\/div>\n<\/div>\n
\n
\n
sense to me may not make sense to you<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i would buy the opening print<\/div>\n<\/div>\n<\/div>\n
\n
\n
that makes sense to me i would watch the<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock it’s not going down and i would<\/div>\n<\/div>\n<\/div>\n
\n
\n
buy it<\/div>\n<\/div>\n<\/div>\n
\n
\n
or i would have bought that in the<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think you did a good point you brought<\/div>\n<\/div>\n<\/div>\n
\n
\n
up a good point though is there wasn’t a<\/div>\n<\/div>\n<\/div>\n
\n
\n
lot of volume in the pre-market so that<\/div>\n<\/div>\n<\/div>\n
\n
\n
might have caused me to stop but<\/div>\n<\/div>\n<\/div>\n
\n
\n
i would have bought this right away<\/div>\n<\/div>\n<\/div>\n
\n
\n
and given it a run<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s that’s how i look at certain<\/div>\n<\/div>\n<\/div>\n
\n
\n
markets and that’s a very legitimate<\/div>\n<\/div>\n<\/div>\n
\n
\n
play i don’t want you to think that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
the way to trade it it is it is the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
that makes sense to me that will work<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i think you’re right i think i’ve<\/div>\n<\/div>\n<\/div>\n
\n
\n
just<\/div>\n<\/div>\n<\/div>\n
\n
\n
at this stage i’m just i’m apprehensive<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so sometimes i<\/div>\n<\/div>\n<\/div>\n
\n
\n
stall too much and i miss the trade so<\/div>\n<\/div>\n<\/div>\n
\n
\n
at this stage i think i’m just<\/div>\n<\/div>\n<\/div>\n
\n
\n
apprehensive about some some entries and<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’re right no and there are other<\/div>\n<\/div>\n<\/div>\n
\n
\n
people that will say i don’t want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade in the first half hour it’s i want<\/div>\n<\/div>\n<\/div>\n
\n
\n
more information and those people design<\/div>\n<\/div>\n<\/div>\n
\n
\n
systems<\/div>\n<\/div>\n<\/div>\n
\n
\n
to<\/div>\n<\/div>\n<\/div>\n
\n
\n
help them then<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so all right they’re gonna have to<\/div>\n<\/div>\n<\/div>\n
\n
\n
wait for the first 30 minutes and<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they’ll<\/div>\n<\/div>\n<\/div>\n
\n
\n
and they’ll do that there um<\/div>\n<\/div>\n<\/div>\n
\n
\n
so think about that i don’t know that<\/div>\n<\/div>\n<\/div>\n
\n
\n
you need to wait to 100<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if you want to sort of wait 30<\/div>\n<\/div>\n<\/div>\n
\n
\n
minutes or something for the open for<\/div>\n<\/div>\n<\/div>\n
\n
\n
the market<\/div>\n<\/div>\n<\/div>\n
\n
\n
after the market opens okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we’ll sort of go from there do you<\/div>\n<\/div>\n<\/div>\n
\n
\n
think i’m chasing this entry though yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
i do i think i think this is about i<\/div>\n<\/div>\n<\/div>\n
\n
\n
think that you buy this right away okay<\/div>\n<\/div>\n<\/div>\n
\n
\n
i think you had a news i think you like<\/div>\n<\/div>\n<\/div>\n
\n
\n
i said you have the news catalyst it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 90. it’s go time<\/div>\n<\/div>\n<\/div>\n
\n
\n
you don’t want to look at charts on your<\/div>\n<\/div>\n<\/div>\n
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daily charts<\/div>\n<\/div>\n<\/div>\n
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in such a linear fashion you want to<\/div>\n<\/div>\n<\/div>\n
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think about them<\/div>\n<\/div>\n<\/div>\n
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more in terms of psychology<\/div>\n<\/div>\n<\/div>\n
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the psychology<\/div>\n<\/div>\n<\/div>\n
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is out of the stock to the upside when<\/div>\n<\/div>\n<\/div>\n
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it got below 98<\/div>\n<\/div>\n<\/div>\n
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and and starts to trade down the<\/div>\n<\/div>\n<\/div>\n
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momentum is out of that stock momentum<\/div>\n<\/div>\n<\/div>\n
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in momentum out now when momentum is out<\/div>\n<\/div>\n<\/div>\n
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of a stock that’s a growth stock and<\/div>\n<\/div>\n<\/div>\n
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going up a lot we have to now go find<\/div>\n<\/div>\n<\/div>\n
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where it’s going to stop going down but<\/div>\n<\/div>\n<\/div>\n
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the momentum is out of it when the<\/div>\n<\/div>\n<\/div>\n
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momentum comes back into it and the<\/div>\n<\/div>\n<\/div>\n
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stock is still in an uptrend on a longer<\/div>\n<\/div>\n<\/div>\n
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time frame<\/div>\n<\/div>\n<\/div>\n
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and we see the momentum come back in now<\/div>\n<\/div>\n<\/div>\n
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the momentum these stocks can can<\/div>\n<\/div>\n<\/div>\n
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skyrocket particularly in this market<\/div>\n<\/div>\n<\/div>\n
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and we we need to figure out how to get<\/div>\n<\/div>\n<\/div>\n
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in<\/div>\n<\/div>\n<\/div>\n
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to those momentum stocks at at good<\/div>\n<\/div>\n<\/div>\n
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prices and and the price is important<\/div>\n<\/div>\n<\/div>\n
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because the price sets how much you can<\/div>\n<\/div>\n<\/div>\n
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risk if you can get in<\/div>\n<\/div>\n<\/div>\n
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on an opening print you can give that a<\/div>\n<\/div>\n<\/div>\n
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dollar<\/div>\n<\/div>\n<\/div>\n
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you’re getting in at 100 you’ve got to<\/div>\n<\/div>\n<\/div>\n
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give it five dollars<\/div>\n<\/div>\n<\/div>\n
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all right<\/div>\n<\/div>\n<\/div>\n
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even if i don’t have as much conviction<\/div>\n<\/div>\n<\/div>\n
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getting in right away<\/div>\n<\/div>\n<\/div>\n
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with a particular stock i can still put<\/div>\n<\/div>\n<\/div>\n
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on more risk than you can<\/div>\n<\/div>\n<\/div>\n
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buying that stock above 100.<\/div>\n<\/div>\n<\/div>\n
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absolutely yeah that’s good i didn’t<\/div>\n<\/div>\n<\/div>\n
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look at it like that you’re you’re right<\/div>\n<\/div>\n<\/div>\n
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so this is my trade review<\/div>\n<\/div>\n<\/div>\n
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when trading a bullish news catalyst<\/div>\n<\/div>\n<\/div>\n
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near critical levels all arvol provides<\/div>\n<\/div>\n<\/div>\n
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the necessary fuel for stronger than<\/div>\n<\/div>\n<\/div>\n
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normal moves outside of its atr and so<\/div>\n<\/div>\n<\/div>\n
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that was one of the reasons for<\/div>\n<\/div>\n<\/div>\n
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i entered at the one atr<\/div>\n<\/div>\n<\/div>\n
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arval closed the day around three<\/div>\n<\/div>\n<\/div>\n
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we look for strong moves on high volume<\/div>\n<\/div>\n<\/div>\n
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into critical levels<\/div>\n<\/div>\n<\/div>\n
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quote unquote volume precedes price<\/div>\n<\/div>\n<\/div>\n
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and when we have the wind at our back<\/div>\n<\/div>\n<\/div>\n
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from the oval market sector etc<\/div>\n<\/div>\n<\/div>\n
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conviction is strengthened<\/div>\n<\/div>\n<\/div>\n
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i didn’t necessarily have the wind at my<\/div>\n<\/div>\n<\/div>\n
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back but spy looked good<\/div>\n<\/div>\n<\/div>\n
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you did a really good job holding that<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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50<\/div>\n<\/div>\n<\/div>\n
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yeah<\/div>\n<\/div>\n<\/div>\n
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yeah that was pretty hard for me to do<\/div>\n<\/div>\n<\/div>\n
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to be honest<\/div>\n<\/div>\n<\/div>\n
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um but there was no re i didn’t see any<\/div>\n<\/div>\n<\/div>\n
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reason to sell it there was no reason to<\/div>\n<\/div>\n<\/div>\n
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sell<\/div>\n<\/div>\n<\/div>\n
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um and i think this is the big one that<\/div>\n<\/div>\n<\/div>\n
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we just talked about is that i hesitated<\/div>\n<\/div>\n<\/div>\n
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a bit before entry um so i just need to<\/div>\n<\/div>\n<\/div>\n
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work on my confidence and i think as<\/div>\n<\/div>\n<\/div>\n
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time i mean even i can look back a year<\/div>\n<\/div>\n<\/div>\n
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ago for my playbooks and i’ve gotten so<\/div>\n<\/div>\n<\/div>\n
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much better at holding stuff and timing<\/div>\n<\/div>\n<\/div>\n
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stuff and so this is just one more area<\/div>\n<\/div>\n<\/div>\n
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that<\/div>\n<\/div>\n<\/div>\n
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i just need to work on<\/div>\n<\/div>\n<\/div>\n
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and like i said the feel of sofa had a<\/div>\n<\/div>\n<\/div>\n
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lot of energy and when we’re looking at<\/div>\n<\/div>\n<\/div>\n
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playbook trades<\/div>\n<\/div>\n<\/div>\n
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and when we’re looking at traders<\/div>\n<\/div>\n<\/div>\n
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people always sort of ask me hey<\/div>\n<\/div>\n<\/div>\n
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what gets you interested in<\/div>\n<\/div>\n<\/div>\n
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a trader<\/div>\n<\/div>\n<\/div>\n
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when somebody’s here as an intern or as<\/div>\n<\/div>\n<\/div>\n
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a student what gets me interested<\/div>\n<\/div>\n<\/div>\n
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and so<\/div>\n<\/div>\n<\/div>\n
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the thing that i really like about your<\/div>\n<\/div>\n<\/div>\n
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playbook here is one of the things that<\/div>\n<\/div>\n<\/div>\n
\n
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interests us which is there’s solid<\/div>\n<\/div>\n<\/div>\n
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diligence<\/div>\n<\/div>\n<\/div>\n
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there’s solid there’s solid diligence in<\/div>\n<\/div>\n<\/div>\n
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this presentation there’s solid<\/div>\n<\/div>\n<\/div>\n
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diligence in this playbook<\/div>\n<\/div>\n<\/div>\n
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that’s that’s pretty strong<\/div>\n<\/div>\n<\/div>\n
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i don’t care<\/div>\n<\/div>\n<\/div>\n
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whether or not<\/div>\n<\/div>\n<\/div>\n
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i think the technical level<\/div>\n<\/div>\n<\/div>\n
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that you were looking at is right<\/div>\n<\/div>\n<\/div>\n
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or not for the most part<\/div>\n<\/div>\n<\/div>\n
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um i do think i’m right<\/div>\n<\/div>\n<\/div>\n
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but i’ve been doing this longer than you<\/div>\n<\/div>\n<\/div>\n
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yeah and i look a momentum in a momentum<\/div>\n<\/div>\n<\/div>\n
\n
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out is a is an important technical<\/div>\n<\/div>\n<\/div>\n
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principle you’ll learn over time<\/div>\n<\/div>\n<\/div>\n
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uh and and it can be really powerful<\/div>\n<\/div>\n<\/div>\n
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but um<\/div>\n<\/div>\n<\/div>\n
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that’s not as important as<\/div>\n<\/div>\n<\/div>\n
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you thinking clearly i think you thought<\/div>\n<\/div>\n<\/div>\n
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clearly through this trade<\/div>\n<\/div>\n<\/div>\n
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i would subtract your technical level<\/div>\n<\/div>\n<\/div>\n
\n
\n
from my technical level but that’s fine<\/div>\n<\/div>\n<\/div>\n
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you’re thinking clearly through this<\/div>\n<\/div>\n<\/div>\n
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you are<\/div>\n<\/div>\n<\/div>\n
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i think you did a really good job<\/div>\n<\/div>\n<\/div>\n
\n
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holding on to that second tier or that<\/div>\n<\/div>\n<\/div>\n
\n
\n
last 50 that was really really solid<\/div>\n<\/div>\n<\/div>\n
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i thought you did a really good job<\/div>\n<\/div>\n<\/div>\n
\n
\n
adding vix<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the beginning of the presentation<\/div>\n<\/div>\n<\/div>\n
\n
\n
i thought you did a really good job<\/div>\n<\/div>\n<\/div>\n
\n
\n
looking at multiple time frames<\/div>\n<\/div>\n<\/div>\n
\n
\n
for the presentation<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so it was easy to understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a trade that works your stock also<\/div>\n<\/div>\n<\/div>\n
\n
\n
your stock selection was strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
so those are all the good things<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then now you just got to try and<\/div>\n<\/div>\n<\/div>\n
\n
\n
figure out how to keep making this trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
draw hey go ahead and click our<\/div>\n<\/div>\n<\/div>\n
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subscribe button so you don’t miss any<\/div>\n<\/div>\n<\/div>\n
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\n
of the videos they were producing for<\/div>\n<\/div>\n<\/div>\n
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\n
you and the trading community and please<\/div>\n<\/div>\n<\/div>\n
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\n
take the time to add your feedback<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the comments section for what videos<\/div>\n<\/div>\n<\/div>\n
\n
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you’d like for us to produce next and<\/div>\n<\/div>\n<\/div>\n
\n
\n
what you found helpful from this video<\/div>\n<\/div>\n<\/div>\n
\n
\n
from all of us at smb train and trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
well<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\"\"<\/a><\/p>\n

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

In this video, learn the right way to use technical analysis for momentum trading. We teach a developing trader, with a trade example he took, how to use technical analysis to determine the buyers are in control with a momentum trade. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":51342,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-51341","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nMomentum Trading: Technical Analysis Tips | SMB Training<\/title>\n<meta name=\"description\" content=\"Learn the right way to use technical analysis for momentum trading. 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