"When you set that arbitrary target your actually looking to tell the stock how much its gonna pay you instead of letting the stock tell you how much it wants to pay you." Very well put! ✅ I love you guys at SMB!
This video directly helped me from giving back 25% of my profit this morning. I saw the pullback coming before it happened and avoided that massive red candle. Thank you - you guys are the absolute best!!
I swear every new video from SMB lately has been tailor made for me! I have been working on my Reasons2Sell and this video just gave me additional tools to work with. Thank you SMB for all you do! And thank you Jeff for the clear concise delivery!
😂 Man smb is the best trading educator on RU-vid.... WHAT you can extract from each RU-vid video depends only on how much you know already man hands down you're the best thanks man
"i need the buyers to beat me" during a short is a statement that gives clarity. the ways to exit has always been a problem. after this video not only me, anyone can really apply these rules and practice and definitely become confident of exiting a trade. another phrase i liked is, " don't care what happens after you quit" let the exit prove you right or wrong; nevertheless not to care is an important statement which will develop the attitude of a trader and in fact it was repeated so many times. thanks for the great lessons.
Just the exact video I needed! Been struggling with how to profit take in different situations for the past 4 months but this should help! Can’t wait to use these next week, thanks SMB!!!
Thank you SMB folks. You Rock! This is incredibly useful content which clearly, prescriptively, and concisely targets the main area of my many trading opportunities! It is by far, imho, one of the best you've produced, like a finely tuned organization you have delivered consistent higher highs...
My favorite part is at around 12:55ish on the AI example. "Wow, this is really gonna work!.... Ahhh man". We all know that feeling. On the constructive side, this is one of the best videos yet, thank you.
Thank you guys! Must see for all traders, especially me! .Hadn't traded for a while, Grabbed 2 puts @$58on $SNOW Weds, decided to scalp, due to not being able to watch, made a whole $28, both went to $500+,by Thurs- left $900 on the table, ouch. Thanks SMB/Mike for all the education, will rewatch several times!
You guys should put more of these videos in The Winning Trader program. I did the program and while reasons2enter are well explained I think reasons2exit could be more intensive as well as risk management.
Exits are important. You know the bar by bar ; when she is working is valuable. Excellent job in summation. Keeping this one in my personal library to review.
My eyes got so big when I saw that volume bar while we were looking for the blow off (BTC example). Loved the visual education. Loved even more rhat the training stopped when the point was made (exampling acceptance)❣️
Thank you so much for this video...I feel like I'm in the room with these guys.... Thank you Jeff ..every video here is like taking a class with the real deal movers ..love SMB
Holy Cow lol So, long then, if it doesn't close below the prior bar low. So simple. Wow, I'm going to code this and backtest for my algo! I'm only about 6.5 mins into the video and obviously have to watch the whole thing but I went straight to my chart and looked at my moves today; I exited 1 too early and I exited 1 a little late. This exact technique would have saved me a lot of heartache and made me a lot more money. I left like 7k to 8k on the table today (which I knew) and scalped about $2200. Greed and fear as always take a hold. But man, that's really excellent info. Wow. I'm kinda blown away. I need to backtest! I know you guys make great videos but this was specific to what I need right now and that was huge. Thank you! Subscribed!
Hey wanted to tell you. I watched this video late last night. Wow it's great. So today I've been following a stock that's been going down all day and finally at 1:49 Eastern Time it made its first Lower High and sure enough it's never gone lower since. So, I did not trade this but would have been a big profit maker. I will keep working on these and will keep watching your videos. I'd love to have your course but can't afford it at the time. But one good thing today. I made a $ + 90.10 in 11 Seconds. So very happy with that. Thanks Again for these Videos. They are such a Hugh help. :) Terry
Of course it's SMB casually timing the exact yearly high of Bitcoin. Love the value, keep it coming!!! Also the conversations between advanced and developing traders needs to be brought back!
Google seems to know where I studied up to and recommend videos in time for the exact content I needed the most. Thaks Jeff for the video. I have sold earlier for at least more than 5 super strong stocks in the latest run😅
SOLID GOLD! I've been looking for something like this since I finally found a great edge but I needed a more objective/methodical way to close other than just at specific time of day.
Thanks SMB so much value 🔥🔥❤️this video is helpful I will need to save it and watch it again when I get off work ✊🏿 Can y’all please 🙏🏾 make a video to identify a choppy market. There are days where I would just love to sit back and don’t take a trade. Love ❤️ y’all.
Wow, so well done as usual. Jeff, content and delivery just couldn't be better. Thanks you to you and SMB. Have to find some way to compensate you guys. Just doesn't feel right receiving all of this free wisdom. Thank you.
An added benefit to this good video would have been: where is the entry? The reason to sell would have been triggered many times depending on where was the entry.
Hi Jeff, this is a very nice video. Absolutely spot on. And the way you explain it is really good. It helped me a lot, being the R2S probably one of my biggest problems! Thanks for that!
Hi Mike for me personal the most valuable video behause I have a high winrate but still not profitable because my wins didn‘t cover my loses due to the fact that I cut my wins way to early🙈 we will see if theses tips help me on my journey to grow. Thanks for the great content you and your team share with us. Yesterday I said to my husband if I were 25years younger I would take the Chance for a paid 1//2 year training 😊please keep doing these very helpfull videos 🙏Sandra
It likely depends on what time frame you are looking at. If its a daily then you could go back months but for a 5 or 15min you shouldn't be going back months in advance. The shorter the time frame the shorter length in time you should be looking back
24:10 can you clarify what the definition of “put in a higher low” is? I see so many of them before you made your exit. How do you know it’s the one in real time? Does it have to do with volume as well as price?(Thank you so much for this video, it’s so great!!!)
it has to do with consolidation and how aggressive the buyers are. usually it will start to feel like a higher low, ok i'm above to get out and then sellers come in and push it down. usually when i think it's gonna make a lower low and DOESN'T and then buyers start coming in that's your reason2sell
Thanks for the insights ! The last Tesla example around 50:00 minute mark where you felt the change , is that more intuition ? Because price earlier at 12:30 on the same chart looks pretty similar
Any thoughts on a trailing AVWAP exit strategy. Watching for a bar to close below the AVWAP off the move. Readjust with each pull back in the move. Be curious to hear SMB thoughts on this?
You'll understand it once you've identified the structure. In this case, each lower low originated from lower high, creating a clear pattern. Use plain lines instead of candlesticks, and you'll notice the small turning points more easily. This is pure market structure.
you don't need candle analysis bc you have a tape in front of you... exit your trade if you see opposite volume coming out it's working much better than any patterns....
