Good looking slide deck and walk through of the trade, Torry. Mike, your systematic approach to reviewing his trade, specifically your meticulous and authentic feedback, is impeccable. Well done, gentlemen!
Mike. Probably the strongest educational video to date. And I've watched a lot of SMB's output. Structure, presentation and clear points underpinned a solid production.
So, he booked 12% before noon but could have booked 17% by accepting more risk. The exit was the genius part of this video - from a trainee. Not bad, kid. Good luck & Godspeed with your goals.
Great exchange of information and really, great insight. I appreciate the young trader was willing to allow us the opportunity to look at his wins and losses and why he entered or exited the trade. This was very helpful on so many levels. Thanks
Never watched this channel before today but this is the second video I've watched and all I can think is, "This shit is tight!" 👍🏽. Wish I would have stumbled upon this channel when I had play money before the pandemic hit and I was fully invested in everything everywhere! Unfortunately I've fully De-vested now, liquidated everything and redeemed everywhere and it's now that I find these videos.... I still think they're cool and find them very interesting tho and will continue to watch em cause it's just good content! 😀🙏🏽
Tory- Glad you mentioned Mark Douglas and the phycology of trading. How to think like a professional trader is on of the best video series I have watched outlining the subject of phycology and phycology's impact on trading. I highly recommend every trader watch How to think like a professional trader by Mark Douglas. To that point and based on the information of the series, it would be suggested that if the setup has a high probability of proven success, the trade is taken with appropriate risk management. The proven success of the set-up and the percent of time the setup is successful, should help alleviate your apprehensiveness of putting on the trade. Take the emotion out. Put every edge you can in your favor and take the trade if it meets your criteria. Thank you for the review, I always learn something from watching the traders at SMB capital. By the way, I would have to agree with Mike on the technical level in question lol. But know this, it was a great trade.
Congrats guys! This has been a great episode, love the feedback from Mike, it made me realize a few things i need to improve on. I think that these palybook reviews with newbie traders are very valuable for the audience since I assume most of us are at that same level and can relate to it. Thanks SMB!
I would get in after 20 seconds or less, especially if it defies SP during that time. SAVA is a good day trade material. It moves. Scalping works well with this.
Tory! nice job. I particularly appreciate the sharing about prep and mindset. I use music to break mental patterns sometimes. And I have some positive mental prep I do- but I am going to add some of yours and step mine up too. Also adding VIX to eval process. Thank you both.
The possible scenarios for the open is a great idea. This is what I want to see, anything else equals no trade. I will incorporate this into my trading.
I always like your content and I share it but one thing I would suggest is to organize your sound. It's inconsistent and generally low. Get a set of lavender body mics it will make a huge improvement on your presentations
Great video. Another topic I have been searching online but without legit answer that what exactly is "float rotation". How does that interact with other indications like ATR and indicate the price action?
Great video! I agree with Bella on this one for sure! I would rather take ORB trade, high-tight flag, or dip buy risking off LOD, than take at a full-ATR. This was a great trade regardless, but just saying. Keep it up!
Thanks, SMB. As always great content, but 40min seems too long for this trade. And also analysis looks like overthinking the setup. Why so complicate? KISS works the best. Yes, charts looks fancy, I never saw such charts with such fancy indicators 😂, but this was simple gap up opening range breakout setup on good news catalyst.
@Torry Hudson I don’t want to underrate the effort you put behind analysis you did, but I found that overthinking was complicating my trading. It was easier to make money and it was harder to save myself from loosing. So, I simplified my efforts to make $$$, and focused on saving and protecting myself from loosing $$$. Risk management was a key. Good luck with your trading journey!
Glad that intraday trade worked out, since Aug 25 that stock has dropped more than 50%. Also, the global long-term picture has little effect on intraday movement.
I agree with ...SAVA had great news so i would have looked for a entry b4 100...for one theres normally resistance at whole dollar but iwould have controled my size to mitigate low volume premarket? And generally stocks tend to push more off 5cents to 10 cents increments...so i would have tried to get in b4 100 for the push to 100 then start taking profits b4 100$ n if it breaks through he could have held a portion n wait till momentum starts to fade..??
@Torry Hudson u guys have great content.. also the order book is something u guys introduced which I find veryxxx useful.. a platform basis to executive trades more efficiently n effectively prior to making the trade know where u get in n where to get out.. this is one of the biggest issues traders find n struggle with n I just mastered this after 4 yrs n still more to learn.. I’m a firm believer in when to get in n where to get out is a gem of a mastery..
I’m just like him.. The first 15-30 minutes is pretty wild and not a clear indication of how the market will move… Just like today.. Started green then everything went red.. Unless I bought shares in premarket, I let the first 30 minutes fly by generally.
Could you make a video on how much intuition and experience plays a role in elite traders success. Of course this is dependent on the traders trading style but how much about is trading an art and how much is it mechanical?
This depends on the trader. Ex Shark uses his discretion more and it would be a mistake to encourage him to be overly mechanical. 3 other traders at the firm who are super successful are best being very mechanical.
Amazing presentation. An interesting video idea might be comparing different openings of stocks and what variables cause it to move it in a certain way. For example, GapnGo vs CrapnFade where opening range for the latter is usually wider or something like that. Hope I'm making sense! Nonetheless, keep up the good work.
@@mbellafiore19 I understand the principles Mike. Following the trade on my charts (TC 2000) helps me in the analysis. Moreover some of your traders use "non standards" charting which adds to the difficulty. Thanks
Hi, sir, tanks for your videos, they are wonderful learning materials, do you have any training centers in UAE basically i am working here in Abu Dhabi, kindly let me know where can I get study materials
difficult stock, bid-ask spread pretty wide, you have to set your stop loss really far from entry point, you need experience with a stock like Sava to trade it, if you are loosing the trade and you are waiting that is a fake reversal, that can be some big losses. i think momentum with this stock is better. 5 dollar stop it, crazy confident.
Some nice gems in this. Bella's reviews are best in class. Trader did a nice job on the hot seat.....though he's gotta lot of nerve coming into Bella's haus in a Dodgers hat....just sayin. :-)
Everyone is in rat race to make money. Guys, calm down, enjoy life, hi outside help people, socialize yourself, meet new people, watch movies. Life is not all about money