{"id":552,"date":"2009-04-30T18:15:14","date_gmt":"2009-04-30T23:15:14","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=552"},"modified":"2009-04-30T19:48:18","modified_gmt":"2009-05-01T00:48:18","slug":"v-right-on-the-open-where-i-want-to-be","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/v-right-on-the-open-where-i-want-to-be","title":{"rendered":"“V” Right on the Open – Where I Want to Be"},"content":{"rendered":"

<\/a>We saw it again. \u00a0We have seen this in QCOM, MSFT, and now V. \u00a0Right on the Open V traded straight up. If I told you I had a three point trade in less than 15 minutes that reoccurs would you be interested? \u00a0As an intraday trader this is a trade you must add to your quiver. \u00a0Let’s discuss.<\/p>\n

I hear it all the time.
\n“Bella that stock was too scary.”
\n“Bella that stock was too steep.”
\n“I missed that move because I was trading PG.”
\n“Bella I do not like to trade on the Open.”
\n“Bella I like to wait 15 minutes until the market settles.”<\/p>\n

These are all excuses to miss a great up move right on the Open in QCOM, MSFT , and today V. \u00a0This is like a golfer who can’t hit his 3 iron. \u00a0This is not a scarey trade. \u00a0I was aggressive right on the Open with V today because…..<\/p>\n

1 ) it was very strong into the Close yesterday. \u00a0It never traded below 61.80 after the Fed and held nicely near 63.50 into the Close.
\n2 ) The first ticks were up above 64.
\n3 ) The first tested bid held.
\n4 ) The next resistance was not for miles, 67.
\n5 ) V has a history of being explosive.
\n6 ) V is a Tier 1 stock that Hedge Funds and Institutions buy. \u00a0Think best of breed.
\n7 ) The SPY’s are above 87.
\n8 ) Strong stocks have made strong moves after solid earnings.
\n9 ) The bids kept stepping up and holding. \u00a0<\/span>This is the key. \u00a0When I see this I think “game on.” \u00a0Now I am aggressive.
\n10 ) The bids never dropped from 64 to most of 67.50.<\/p>\n

I do not care where V closes. \u00a0This is a momentum trade to be made on the Open.\u00a0\u00a0Later, the market rolled over so V plummeted. \u00a0I care about a pattern that I see time after time which most developing traders miss. \u00a0This is easy money.<\/p>\n

Well there it is. \u00a0A trade which you should master, place in your quiver, and utilize every week. \u00a0For those who say,”Bella the stock is to scarey,” that is garbage. \u00a0Your job is to become a well rounded trader. \u00a0The market does not care that you are anxious during such a trade. \u00a0If it is hard, then we do what is hard. \u00a0This is a trade that works. \u00a0Learn<\/a> it. \u00a0Get over your trepidation. \u00a0And make some easy money.<\/p>\n

Best of luck with your trading! Don’t forget to follow us on twitter<\/a>.<\/p>\n

\"V<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We saw it again. \u00a0We have seen this in QCOM, MSFT, and now V. \u00a0Right on the Open V traded straight up. If I told you I had a three point trade in less than 15 minutes that reoccurs would you be interested? \u00a0As an intraday trader this is a trade you must add to your quiver. \u00a0Let’s discuss. I … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4676,30,18],"class_list":["post-552","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"\n"V" Right on the Open - Where I Want to Be | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/v-right-on-the-open-where-i-want-to-be\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""V" Right on the Open - Where I Want to Be | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We saw it again. \u00a0We have seen this in QCOM, MSFT, and now V. \u00a0Right on the Open V traded straight up. 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