How To Use The Past To Improve Your Trading (breaking news)
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- Опубликовано: 8 июн 2024
- In this video for the trading community, learn how to use the past, similar trading events to the present, to improve your trading. A proprietary trader from our firm breaks down a Breaking News trade, spurred by a research piece, that spotlights how studying the past - similar trading events - can help us make winning trades. Register for our free intensive trading webinar smbu.com/mike
#breakingnewstrade #stockmarket #daytrading
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I look from the history how the company has reacted to Earnings. To my big surprise - this patterns is recurring again. It is true in many aspects of life. By knowing your History - you have an edge in determining the future. To some extent. It's always better then nothing.
thxs for your contribution here Hans
LK on Friday fit this pattern, although Citron's statement on being long made the rebound trade much clearer. Thank you for this video, really solidifies what I learned trading LK. You guys are the very best.
Thxs Adam
LK was a great example of this type of trade
Thank You for all the free information ! There are a lot of trading Guru's out there these days so you have to be very careful and selective about who you are learning from . I have found so far that I really like and am learning a lot from your videos . Also I absolutely love the teacher and student breakdown "or breakout " LOL .
thx Chris!
Thank you for the trade recap. I always jump late on such news hit trades and end up chasing ... Maybe bcz i never took the trouble to accumulate personal statistics about this. Thanx alot!
you are welcome
I think my wife is growing tired of me talking about Bella. Anyways, I definitely study the past to make more informed decisions for future trades. 95% of my trades are earnings plays. I occasionally make that “first in” trade on many A.M. earnings releases. I save the premarket screenshots from the last few times I watched the particular stock so I have an idea on how much volume/liquidity to expect, how much range it has within the first few seconds, and what premarket pattern it forms afterward.
Had a great week this week just from trading GE because of this technique. I was ready, fully armed with its recent history on earnings days. Was first in, traded the pullbacks, and wasn’t surprised by anything. In fact, right after I type this I’m gonna start looking back at my TWTR and SNAP records. I’m coming for ya TWTR and SNAP.
my apologies to your wife
I like the ideas of separating the setups into reactionary fast trigger finger momo breakdown and retracement to aggressive origin base structure. Understanding what I could've done vs what my plan is takes the pressure to be perfect on entry off a bit.
I study my trading journal one time on end of week and one time on end of month.Last time i start make my screnshot with notes on end of sesion and i see my strategy often give me no more then 2 reward to 1 risk.With 50% more less win ratio i start set my take profit target on 2 x reward not on 4 becose this work very rarely.
appreciate the contribution here
Hey Mike thanks for all you do. Question, do your prop traders follow these popular short players on twitter and is that where they get the first look at the news usually?
Traders will follow twitter and typically newsletters that these short players put out. Also helps to have a news wire service that will let us know when there is breaking news on stocks
Do one bout the virus scare
Björn Finkelburgensteinski this is it
Thx for the suggestion!
Can you say Luckin Coffee, good timing for this video.
yes that was a good opportunity
couldn't have planned it better
deez vids fire me up! ❤ u SMB!
thxs Andrew
Where would you get the latest news and not be a chaser. Most platform news are late
benzinga pro, read it out within a minute of the news breaking, Trade The News might be faster but it costs 3x more. i didn't trade it cos i didn't know what to do though:)
Conor Thanks mate, i heard of them but only within the DAS platform, Didn’t know they were a separate platform
we "have trade the news" service in the office
where can i find your book
amzn.to/2SuEJzZ
Ohhh, the alarm is on, save yourself !!!!!!
just a normal day in NYC
LK jumped on my Rvol scanner today. In TOS news was 3 minutes late. At 12:51 we see also a volume spike in reversal side, and also, 3 minutes later news was that Citron is long on LK.
28.00 at 12:45 was a great entry for a retracement.
prnt.sc/qvtr2w
now I am following CitronResearch and
MuddyWatersResearch on Twitter
and I am setting now tick chart
20:36 stocks falling alarm.. Panic sell.. Lol
we survived