Using Unusual Trading Volume to Find a Profitable Gap and Go and PullBack Trade
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- Опубликовано: 22 май 2024
- In this video learn how our equities trading desk uses unusual trading volume to find a profitable Gap and Go and PullBack Trade. Two proprietary traders from our firm show how they use a powerful trading signal to find profitable trades right on the trading open. smbu.com/mike to register for our free intensive trading webinar
#tradingvolume #tradingstrategy #pullbacktrade
SMB Disclosures www.smbtraining.com/blog/smb-...
Check out Mike's latest book "The PlayBook" amzn.to/2SoxOtJ
Im about halfway through "The PlayBook" as we speak!
What a great book!
I love the very detailed conversations pieces and each trade example has extremely unique variables truly making it the page turner as described!
Thanks Big Mike!
awesome Daniel!
@@smbcapital thanks for excellent content! One question about upcoming holidays - what days after Christmas are not good for trading US stocks?
SMB Capital Mike... As a new trader, what setups should I be focusing on first when training?
Volume... Volume... Volume..... Either back side or front side volume is everything for intraday stock trading. Thanks SMB capital for genuinely sharing your knowledge. Thanks again.
DeWollo you are welcome
What do you mean by front side or back side volume?
This is the best video in all of the SMB videos and I have watched a lot of them.
Thank you all greatly!
I appreciate your work!
LETS GOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!
Daniel Westereng LFG!
Happy Holidays SMB Capital! Thanks for another great vid!
Jason happy holidays Jason!
Happy holidays to you Jason!
I liked the Part of using the right strategy on Gap and Go, pull Back Trades and opening drive trades, Well Done
I want to take institutional volume before the open( graded for highest rel. vol. and highest numbers on a graded signal), and extend a trend trade for as long as the trend lasts in a profitable direction. Exiting and maintaining my position are the easy parts. The Opening entry when there are gaps, and long engulfing candles presents a challenge as I do not know if my indicators will tell me exactly when to enter. I will try a 15 to 20 minute entry on 5 min candlesticks with alerts in both directions. I have not done that before. I may then try 25 to 30 minutes using 5 minute candles to see what works best.
Pullbacks would only be considered after my comfort level with the entry have given me that extra confidence.
Seriously, you guys keep providing exactly what I'm looking for. How are you deciding what to make videos about? Great work as always, much appreciated!
James Rowland Gr8 to hear we are helping your trading James.
Thanks James! Glad we are one step ahead!
Thanks for the video! Was able to catch WBA short swing from tips and tricks I learned from you! 35% gain from ITM puts. Very similar to the FDX post-earnings trade
"I mean that observationally" hahaha, had a chuckle... And immediately bought the book.
Thank you once again Mike & co for a great learning video. Watching your videos actually helps me become a wiser trader. Winning this week since I’m being taught the right way! Spent 2 much watching amateurs. Glad I found u guys!! To answer ur ques: I trade high vol early day after reading news for confirmation.
PS Hoping for a clip on how to buy & sell put options when i have a smaller acct. TY TY SMB.
LINDA PALLOTTA glad you found us as well Linda.
An elite trader shared this with me as said by performance expert
Ericsson: “the single most important difference between these amateurs and the three groups of elite performers is that the future elite performers seek out teachers and coaches and engage in supervised training, whereas the amateurs rarely engage in similar types of practice.” Credit The One Thing by Gary Keller:
I’m so appreciative of your excellent content. Thank you! You guys produce really good stuff for newbies like me to learn from! Thank you thank you thank you!
NewAlma Mater you are welcome.
You got it! thx for watching!
I like the opening trading volume explanation, was tracking RAD earnings release this week before going to work and price did follow this criteria very closely, so far a great two day trade, or would have been.
Calabaza Thxs for the feedback
Thanks for sharing this awesome content. Would love to see a video on an example of trading a stock with a Technical catalyst. Thanks in advance
calico9901 search technical trade on our channel and see what you find. Thxs for sharing.
It may sound silly, but after I started to pretend Bella was my manager, I began a wicked winning streak. What would he say about my trading today? What advice do I think he would offer?
I just got long PTON yesterday. My thesis is that someone was loading the boat around $30 and I’m sure you noticed the + 1 million share print at the close. See it!!
Robert McCarter made me smile Robert!
Awesome creative approach to the psychological aspect of trading. Nice job man!
Thank you for this valuable video. When you say RVOL on the day was at 5. When was this measured? After the end of that trading day (i.e. after the fact)? Right at market open based on the premarket volume? When exactly?
Nice! A signed copy of The Playbook and One Good Trade? Dude that is some real Rock Star $#!T, that would be so awesome to get a signed copy. Great video.
Thanks for the great video guys! Can someone share the script for the Anchored VWAP used for this trade?
Thank you
Where can we learn more about cloud quant or is it IP?
When we put 20EMA indicator on the volume indicator chart, we can get a quick & good visual idea of how much volume the scrip traded over the last 20 candles. But is this the similar to RVOL?
My RVOL indicator doesn’t show up on with my scanner (trade ideas) or my level 2 montage (DAS Trader) during pre market, only after the open. Not a huge issue as I can see the daily volume in comparison to the last 5 days and 3 months but I’m just curious as to what period of time RVOL actually measures relative volume for ? Thanks so much for these videos Mike, can’t begin to explain how much they’ve helped me
Another great video. Unusual volume with catalyst (news or technical). I would prefer pullback trade.
AZFAR IQBAL noted and Thxs for sharing
Thanks Bella. I think there may be a small bug in the logic of is_symbol_qualified. It says atr>1000,000 and vol > .8. Values may be interchanged.
Srinivas #coder
In the table at around 12 minutes, what is the look-back period for each of these metrics? And is RVOL relative to the average volume at that minute (E.g. 9.32) or is it based on the cumulative volume. It would be good to define these for the purposes of clearer teaching. Many thanks.
Wait for the pullback, entry is on tape change of the pullback.
Mathew Coatney Thxs Matthew
What’s SMB Capital’s definition of RVOL? For example, when RVOL is 5.89 at 9:34 AM, does the RVOL value represent the ratio of the volume being traded at minute 9:34 compared to the average volume at that exact minute over the last 30 trading days? Or is it the ratio of the volume that has traded up until that point today (in this case up until 9:34 AM) compared to the average volume up until that exact point in time over the last 30 trading days? Which is it? And does it take into consideration the premarket volume?
Thank you very much, can you please explain Rvol? Do you compare 1 minute volume bar at a certain time to the average of how many days? I'm a bit confused.
I use tc2000 btw
Is vwap in NFLX is only for the trading day or some other time frame?
Mike -
Thank you for sharing these trader reviews - it has been extremely helpful as I review my trades (this one in particular). I wanted to ask what data source you are using (or recommend) to get a real time RVOL ratio? I have access to both Factset and TOS, but neither have a real-time RVOL ratio (that I'm aware of). Thank you
Greg Garneau TOS has it.
In the trade idea its mentioned 3% is ideally the gap up move you are looking for. My question is how is the stocks ATR taken into consideration with this? Using ROKU and NFLX as examples. $137 stock vs $337 stock with the same ATR. Would ROKU at 3% move be more in play as it has more ATR to go?
Chris Kerr it helps us determine how much more a stock can move. ROKU and other high beta names do move more and we need to know this
Thank you for another great video. Can you do one on short squeezes? How to recognize the squeeze vs institutional accumoulation. Also, if it is a squeeze, do you ever trade the aftermath of such squeeze, and how?
Joanna Huc good idea. Will add that one to the list
LETS GOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!
At @11:11 it's mentioned that institutional ownership was at 83% - Can you please explain how you are able to know what that % is vs retail trading %? Thank you.
James Rowland this a public stat James. Thxs for reaching out.
Hi Mike, is there opening for traders at your firm, I would like to apply and see if I can trade for you guys remotely. thank you
2 years later.... (crickets) 🦗 🦗 🦗
Can I trade with you? I’m living in Switzerland.
Another great review, however, wonder why you went into discussion on your internal codes? Meaningless to us even if we had coding ability which most of us do not I suggest. Almost made one think that one is just a bit inadequate.......just a thought. Appreciate your work.
granddad it was to demonstrate the work to do after finding a great trade. As I noted it wasn’t the actual entire code.
I will use Unusual Volume to make a Pull-back trade only if other factors Lend to a PULL-Back
Foto Guy noted and Thxs for sharing
Im still learning and this kind of coded and programmed trading makes me question whether one can be a successful daytrader without them??
madridista1611 you can. Using technology makes it easier and helps traders make more.
Mike, when are you opening your crypto desk?
Bit Coin yeah really. We need the crypto exchanges to offer US prop trading solutions. We understand this is imminent. you hear of any solutions yet?
@@mbellafiore19 Thanks for your reply, Mike! Here's what I was able to find:
Kraken Exchange -
support.kraken.com/hc/en-us/articles/115004862007-Corporate-and-institutional-accounts
Binance Exchange - (from their blog) "After registering a Binance account, simply head to the user center and apply to upgrade to Institute/Corporate level."
Both Binance and Kraken are of top-tier reputation, and are among the highest volume exchanges in the space.
Another that I would recommend to check out is "FTX", which is a newer crypto derivatives exchange which is rapidly becoming one of the favorite exchanges within the community.
help.ftx.com/hc/en-us/articles/360027668312-Institutional-Account-KYC
thanks for the feedback!
I would like to see pull back with low volume to enter a trade.
Mike, I forgot to mention. I like how you coach the traders on the "trade strategies". Especially when there are potentially different plays. Good note for my playbook.
I think you hit it right when you mentioned One Good Trade. I think the folks that read it will understand the meaning.
Thank you for your great content! From your vlog ive already learnt a lot! Im from russia and im going to take in house foundation during my trip to usa in summer! Will i be able to talk to other traders like Mike, Steven, Shark and Swang?
Имам-Мухаммад Габбазов yes. Look forward to helping you train in-house at our firm in NYC!
Hi Mike. I'm using a premade RVOL indicator that uses the last 14 periods to calculate the RVOL, but im not sure thats the right way. Shouldn't it look for the periods from previous days?
its easy to trade Netflix amazon and apple. low float penny stocks is counterintuitive
The was once SMB announced that they were offering trading classes. How can i be a part of this?
Bevis Omondi tradingworkshop.com. For in-house training in NYC infor@smbcap.com
info@smbcap.com Bevis
consider to take a pull back trade
What is the minimum relative Volume you want to see right at the open for the opening drive trade?
Ride those whales!
razzy p yes!
looks like he is high on stocks
first
Joseph Guaman nice Joseph
Bull all day everyday
You're talking rubish