How to trade Breakout Trades more effectively (ETSY)
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- Опубликовано: 11 мар 2019
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You like Breakout trades but want to trade them better and are not sure how. In this video, we provide a peak into our training methods, live from our training room in NYC, to do just that
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It's so satisfying that the co-founder allowed the trader to explain his hypothesis. Quality of a true leader. Liked it.
We were missing this type of interaction between you and the traders in many of your trade reviews videos. Cognitively this approach is far more engaging. Please keep them coming in this format - it is truly priceless
We plan to do a lot more of this!
Awesome :-)
will do
Hey Mike, can't thank you and your firm enough for the content you're producing for the community. Would like to see Real time trading if its something you can do. An example would be a trader (Shark if hes willing!) talking through his trades, putting in orders, thought commentary, etc. I figure this would be tough to do as all your traders would rather focus on trading, but if something like this from SMB could be produced, would be tremendous value to the retail trader. Thanks again for all you guys do!
Awesome video! I'd like to see more like this, where a real trade is broken down and examined.
ok thxs for the feedback jorge
Hi Mike,
This is actually one of the best videos I've seen you do due to the interaction with that trader and the feedback you gave him. Tbh I think it was a bit of a tricky pattern but he showed resilience in not quitting on the trade due to the fundamental/bigger picture. This particular trade he took looks very similar to Austin's playbook i see in his daily reports.
I ALWAYS wait 5-10 minutes after open to see where to make my entry. Great video like always guys
thxs Dave
Just watched a similar trade happen yesterday on FNMA. I wanted to play it as a breakout but I had not seen a gap up breakout play yet so I just sat back and watched. It was very similar to this ETSY trade
Great video, by far, you guys produce some of the most educational and straight forward vids. I found you guys by accident, lucky me! I trade options primarily and would love to see more of those. Thx.
great vid - extremely useful to see how traders on your desk trade a specific trade and your commentary on it.
I've just watched this video again and seen one of my set ups which is a pull into vwap at the open. I've also noticed that he was using a 2min chart. The entry for a pull into vwap would have been at 8 minutes in and if the entry would have been caught he would have been risk free for the session. The trend for the next 3 days was quite bullish similar to when amarin exploded.
Hey SMB Capital!
I found this video super helpful as I actually took this trade as well. This earnings season I've done pretty well with earnings breakouts and ETSY was one that I just didn't trade right. I was buying right around $66 and sold a lot of my shares around $65.50 when the stock took a nose dive. I sold the rest of my shares near the end of the day around $68.70 so I ended slightly green on the trade but much less than I could have made. I like how you bought the stock back after the pullback. This is something I need to improve on. I also liked how you bought more after the tight consolidation between 12pm-1pm. I'll definitely be on the lookout for similar opportunities.
Thank you!
Learned so much just from that one trade analysis. Picked 2 actionable items I added to my daytrade system
Great lessons in this video. I especially liked the part about how much risk is applied to the opening drive.
Very powerful and respectful analysis! Thank you for the free content
Grateful for all your content, and that was one of the most insightful videos yet! More review-like vids like this would be so helpful to newer traders like myself. Walking through it with you both was invaluable. Thanks
Thanks William! Glad you got something out of it!
Great stuff!! Please do exactly more of these developing trading videos! The dialogue is priceless!!
Thank you, Mike! Awesome lesson!
you bet Daniel
Love all your content Thanks!!
thank you, mike. really helpful material.
Great video sir we would like more videos like that related to specific plays also videos on how to approach the trade,Trade management when to add up when to scale down etc
gottcha
Great Video. Like so much this format where mentor/trader are talking to each other to know the mindset behind the trade. Like the video where it started with the catalyst of the stocks then going thru the technicals of entering the trade. Many thanks for sharing
Thanks David, we plan to do a lot more of these videos
thxs for the feedback David
Appreciate the insight into how to begin evaluating strengths & weaknesses.
gr8 to hear
Question as it pertains to RVOL... I've always known it to be relative volume at that particular time of day, and a good indicator for entries. However, it seems in many of your lessons, RVOL is referred to as more. To me, RVOL at 9:15 is going to be different than at 9:35, so how can a PM RVOL at that particular time determine what to watch at open?
Mike - Great video. I like seeing the behind the scenes look of the office. It wasn't too distracting, but made me look back over the at screen rather than the powerpoint hold slide with someone talking over it. I didn't hear too much about his risk levels on the trade or rather he didn't spend too much time on it. Was he not focused heavily on the risk because it was an ATH opening range bo? Also, why is the pm action not shown on his charts?
Awesome feedback Mike. Love it. Thank you.
Thanks Brandon
That was awesome! I love the opening drive play! Its my number one play and I get bummed when there are no good earnings openers.
yes it can be a good one
Thanks Mike another great video
Thank you. I found this format to be really engaging and would love more videos like this
Thanks Tom! We plan on doing more of it
ok will do Tom
Excellent content guys! Many thanks!!!!
Awesome Video! Interesting to see different perspectives and approaches to the same trade. I traded $ETSY on the same day as well and I recorded it LIVE.
thxs Johnny
Mike, great critical thinking guidelines for how to develop the playbook! Thanks again for great content.
you are welcome
Excellant points within, thank you.
you bet
Nice thanks Steve Jobs 🙏🏻
How do you know the active buyers and sellers?
I would wish you would add time and stock type. So people here can have a go at the exact same stock. They might also have a different method to this. (I've never done stocks) will give it a try soon.
ok gr8
Thanks.
What is ATR? Thnx
I would like to ask about how exactly traders get stomped out of their trades. It seems simple but also confusing at the same time. Today I got stomped out of a trade just by a penny and stock turned around in split second. I wasn't even sure if my stop price had been reached. I would assume that if someone would artificially try to reach my stop market triger point he would need to lower the price first by selling the stock and immediately buy it back. But it looks almost like buying just with lowering price first. But logically thinking buying should increase the price, not lower it. Surprisingly there isn't much info about this on youtube. Could you please explain a little bit how it works. Because it happens all the time before news breakouts etc.
good to be thinking about a reentry strategy Vito. you get stopped out because the sellers sell at your stop price. why they do is not always obvious. understanding patterns most likely to rebound after a stop out and worth risk for you is.
Would like a explanation "when traders enter the tape". When the tape speeds up or when big buyers enter?
this means buyers are stepping into the market with this stock and may drive it higher.
Rhode Islanddd!! (=
Mike is looking more and more like Steve Jobs
tim apple
i don't know what to say here........
Anyone at smb trade bpth?
Tan Sun I’m sure they did, that was a beautiful day of trading 🤑
we did
you need a solid Latino trader to represent SMB and SMBU to gain the crowd
one that can say, El simple moving average.
We actually have a bunch of traders in Colombia!
SMB Capital Im watching and learning everyday, thank you for your RUclips content!
Awesome than you
I just wanted to be the FIRST ... woohooo
you were
So he is swang!
No this is a newer trader. He was mentioning swang as an example
I research your vwap strategy a month and results was loss and time also... trading is not simple things.. if price is gap up then it's late... gap down also late. The problems is in intraday momentum with trend and health is very important and it is critical thats why 95% retailer failed only investor are happy..
Dang that trade may have worked out but terrible trading for someone at a prop firm. So many fundamental errors. Good video to learn from though
terrible in what way?