{"id":626,"date":"2009-05-27T17:54:50","date_gmt":"2009-05-27T22:54:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=626"},"modified":"2009-05-27T21:02:46","modified_gmt":"2009-05-28T02:02:46","slug":"sabotage","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/sabotage","title":{"rendered":"Sabotage"},"content":{"rendered":"

Today on the desk I heard,”Oh that MON is so hard.”<\/p>\n

And it was at times. \u00a0In fact it was very difficult about 90 percent of the trading day. \u00a0But it was not hard. \u00a0There were three simple trades that if made would have left even the average trader profitable. \u00a0Let’s discuss.<\/p>\n

At 82.75 the offer would not lift in MON. \u00a0I got short. \u00a0MON traded down a quick 65c. \u00a0I know, who is better than me?<\/p>\n

At 82.50 there was a battle. \u00a0After the housing number was released initially SPY spiked. \u00a0But MON could still not trade above 82.50. \u00a0Can anyone say Relative Strength Play? \u00a0MON had now showed us her cards. \u00a0MON was weak. \u00a0So we shorted some at 82.50. \u00a0MON traded down to 82. \u00a0Another nice trade.<\/p>\n

MON could not trade below 81.80. \u00a0I should know. \u00a0I hit the damn bids there enough times to learn. \u00a0A few times I myself tried to get 81.80 to drop I hit the bids so hard and so fast. \u00a0I couldn’t. \u00a0I quickly covered higher. \u00a0Ripper.<\/p>\n

And this is some of the frustration with trading MON. \u00a0There are a lot of losing trades. \u00a0But then 81.80 dropped, I got short, and MON traded down to 81. \u00a0Another easy trade. \u00a0In fact I held some until I saw significant buying at 80.40.<\/p>\n

You can’t just make the trades where you smash the bids at 81.80 cover higher for a loss, \u00a0and then proclaim,”This stock is too hard.” \u00a0You have to mix your results with these three easy trades<\/a> above. \u00a0Often developing traders overvalue the hard trades and rips. \u00a0And then they are hesitant to execute on the easy trades. \u00a0They are sabotaging their results. \u00a0Judge the stocks based upon all the trading opportunities it offers. \u00a0This is a truer picture of how good a stock is as an intraday candidate.<\/p>\n

Best of luck with your trading! Don’t forget to follow us on twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today on the desk I heard,”Oh that MON is so hard.” And it was at times. \u00a0In fact it was very difficult about 90 percent of the trading day. \u00a0But it was not hard. \u00a0There were three simple trades that if made would have left even the average trader profitable. \u00a0Let’s discuss. At 82.75 the offer would not lift in … 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":[289,29,30,18],"class_list":["post-626","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-mon","tag-prop-trader","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"\nSabotage | 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\/sabotage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sabotage | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Today on the desk I heard,”Oh that MON is so hard.” And it was at times. \u00a0In fact it was very difficult about 90 percent of the trading day. \u00a0But it was not hard. \u00a0There were three simple trades that if made would have left even the average trader profitable. \u00a0Let’s discuss. 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