{"id":8062,"date":"2010-11-02T16:19:23","date_gmt":"2010-11-02T20:19:23","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8062"},"modified":"2010-11-02T16:19:52","modified_gmt":"2010-11-02T20:19:52","slug":"no-more-mr-nice-guy","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy","title":{"rendered":"No More Mr. Nice Guy!"},"content":{"rendered":"<p>Attention all short term traders! \u00a0Stop with the stupid short trades in LVS! \u00a0If a stock is in an uptrend in every conceivable time frame you need to spend your energy thinking about how to get long. \u00a0It is\u00a0asinine\u00a0to think that every time you see some weakness on the tape or it has one negative day that this is the beginning of a significant down move. <a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-8067\" title=\"lvs long term\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1-300x210.png\" alt=\"\" width=\"300\" height=\"210\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1-300x210.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>The only and I repeat the ONLY time you should be thinking about getting short a stock that is trending on every time frame is when it becomes so vertical that there is bound to be some profit taking. \u00a0That situation occurred last Thursday when LVS gapped up from 40 to 46.50. \u00a0I have no problem with anyone who was looking to capture some type of down move right on the Open that day. \u00a0What for the love of G-d I don&#8217;t understand is why after LVS consolidated on Friday and then brokeout yesterday why someone would be getting short today?<\/p>\n<p>The most experienced traders will tell you that trading is not that complicated. \u00a0I am not so sure. \u00a0I see too many bright, well educated individuals making trades that statistically speaking will not be profitable over time.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-intraday-uptrend-nov2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-8069\" title=\"lvs intraday uptrend nov2\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-intraday-uptrend-nov2-300x210.png\" alt=\"\" width=\"300\" height=\"210\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-intraday-uptrend-nov2-300x210.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-intraday-uptrend-nov2.png 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attention all short term traders! \u00a0Stop with the stupid short trades in LVS! \u00a0If a stock is in an uptrend in every conceivable time frame you need to spend your energy thinking about how to get long. \u00a0It is\u00a0asinine\u00a0to think that every time you see some weakness on the tape or it has one negative day that this is the &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8,1373,15],"tags":[1379],"class_list":["post-8062","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","category-trading-lesson","category-trading_theory","tag-n","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>No More Mr. Nice Guy! | 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\/no-more-mr-nice-guy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No More Mr. Nice Guy! | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Attention all short term traders! \u00a0Stop with the stupid short trades in LVS! \u00a0If a stock is in an uptrend in every conceivable time frame you need to spend your energy thinking about how to get long. \u00a0It is\u00a0asinine\u00a0to think that every time you see some weakness on the tape or it has one negative day that this is the ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\" \/>\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=\"2010-11-02T20:19:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-11-02T20:19:52+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1-300x210.png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\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=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"No More Mr. Nice Guy!\",\"datePublished\":\"2010-11-02T20:19:23+00:00\",\"dateModified\":\"2010-11-02T20:19:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\"},\"wordCount\":210,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/lvs-long-term1-300x210.png\",\"keywords\":[\"n\"],\"articleSection\":[\"General Comments\",\"Steven Spencer (Steve's) Blogs\",\"Trading Lesson\",\"Trading Theory\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/no-more-mr-nice-guy\",\"name\":\"No More Mr. Nice Guy! 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