{"id":7757,"date":"2010-10-19T19:43:07","date_gmt":"2010-10-19T23:43:07","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7757"},"modified":"2021-02-11T16:58:19","modified_gmt":"2021-02-11T21:58:19","slug":"traders-ask-scalp-or-bigger-move","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move","title":{"rendered":"Traders Ask: Scalp or Bigger Move?"},"content":{"rendered":"<div id=\"_mcePaste\"><\/div>\n<div>Bella,<\/div>\n<div id=\"_mcePaste\">I have question about getting in front of a big order. \u00a0I&#8217;ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been\u00a0trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes<\/div>\n<div id=\"_mcePaste\">at 599.75 or below. Let&#8217;s say GOOG is trading at 600.10\/600.20. Now I enter a bid at 600.11,\u00a0which sits on top of a cushion underneath.\u00a0In the worst case, when GOOG traded through the big bid, the next bid is 35c away. And\u00a0if GOOG falls with such a fervor, it is probably going to trade through a stack of bids before\u00a0buyers step in to arrest the action. Applying getting in front of a big order for stocks like GOOG\u00a0seems risky to me. A safer approach would be waiting for the stock to establish a definitive\u00a0trend.<\/div>\n<div id=\"_mcePaste\">I am speaking from my own experience. I&#8217;d appreciate your insight for this particular rule &#8211;\u00a0getting in front of a big order.<\/div>\n<div id=\"_mcePaste\">Thanks!<\/div>\n<div id=\"_mcePaste\">Azhao<\/div>\n<div><\/div>\n<div><strong>Bella Responds<\/strong><\/div>\n<div id=\"_mcePaste\">I love your thinking here. I prefer the trade where in this case GOOG clearly holds above 600\u00a0and you play for a bigger move.<\/div>\n<div><\/div>\n<div>If GOOG holds above 600, a key level for you, then you can\u00a0play this as a Trade2Hold where you do not exit until there is a Reason2Sell. If I am watching\u00a0a stock at a key level, and notice in the Box (bids and offers on the Level II) and a very large,\u00a0new and distinctive bid appeared, and then that bid stepped up, I might play for a scalp. \u00a0Get\u00a0long in front of the new, distinct, stepping up Big Bid and hold until the Big Bid disappeared\u00a0or decreased significantly. \u00a0Again this is just a scalp play. We have had some guys who are\u00a0grinders and find these Big Bids and Big Offers and make solid trades. \u00a0But overall I love you concentrating on the bigger move.<\/div>\n<div><\/div>\n<div>Thxs for the question. \u00a0Great job working on your trading game.<\/div>\n<div><\/div>\n<div>Mike Bellafiore<\/div>\n<div>Author, <a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_1?ie=UTF8&amp;qid=1287531632&amp;sr=8-1\">One Good Trade<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bella, I have question about getting in front of a big order. \u00a0I&#8217;ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been\u00a0trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes at 599.75 or below. Let&#8217;s say GOOG is trading at 600.10\/600.20. Now I &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\" class=\"more-link\">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":[10,908],"tags":[4674,1128,1193,653,1354,1349],"class_list":["post-7757","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","category-traders-ask","tag-one-good-trade","tag-scalp","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Traders Ask: Scalp or Bigger Move? | 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\/traders-ask-scalp-or-bigger-move\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders Ask: Scalp or Bigger Move? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Bella, I have question about getting in front of a big order. \u00a0I&#8217;ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been\u00a0trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes at 599.75 or below. Let&#8217;s say GOOG is trading at 600.10\/600.20. Now I ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-10-19T23:43:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-11T21:58:19+00:00\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Traders Ask: Scalp or Bigger Move?\",\"datePublished\":\"2010-10-19T23:43:07+00:00\",\"dateModified\":\"2021-02-11T21:58:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\"},\"wordCount\":350,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"keywords\":[\"One Good Trade\",\"scalp\",\"trader education\",\"trader training\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\",\"Traders Ask\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\",\"name\":\"Traders Ask: Scalp or Bigger Move? | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"datePublished\":\"2010-10-19T23:43:07+00:00\",\"dateModified\":\"2021-02-11T21:58:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Traders Ask: Scalp or Bigger Move?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Traders Ask: Scalp or Bigger Move? | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move","og_locale":"en_US","og_type":"article","og_title":"Traders Ask: Scalp or Bigger Move? | SMB Training","og_description":"Bella, I have question about getting in front of a big order. \u00a0I&#8217;ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been\u00a0trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes at 599.75 or below. Let&#8217;s say GOOG is trading at 600.10\/600.20. Now I ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2010-10-19T23:43:07+00:00","article_modified_time":"2021-02-11T21:58:19+00:00","author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"Traders Ask: Scalp or Bigger Move?","datePublished":"2010-10-19T23:43:07+00:00","dateModified":"2021-02-11T21:58:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move"},"wordCount":350,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"keywords":["One Good Trade","scalp","trader education","trader training","trading coach","trading mentor"],"articleSection":["Mike Bellafiore's (Bella's) Blogs","Traders Ask"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move","url":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move","name":"Traders Ask: Scalp or Bigger Move? | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"datePublished":"2010-10-19T23:43:07+00:00","dateModified":"2021-02-11T21:58:19+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/traders-ask-scalp-or-bigger-move#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Traders Ask: Scalp or Bigger Move?"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/7757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":2,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"predecessor-version":[{"id":50582,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/7757\/revisions\/50582"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}