Love the concept of Friday meetings to discuss the weeks playbook trades. Thats a high value opportunity within SMB. Other Takeaways -Making sure volume comes in on trendline breaks is crucial to ensure other trades see the same weakness. -Stop loss should be placed in accordance to your trade thesis being wrong. NOT justified by tying it to an indicator(VWAP) -RVOL increasing is a good sign for sizing in long, the inverse is a bad sign for longside momentum. -Size according to the opportunity, don't chase linear sizing.
I love the concept of sizing up with more confirmations with trades to hold, can see how it can help hugely with confidence when you get those extra confirmations. Alot of nuggets in this 👌🏼
Great video, you guys are amazing. i luv this breakdown of the entries and stops and not just about the trade management but also psychology management. ONE OF THE BEST VIDEOS TODAY. More videos like this please!
please keep sharing more and more knowledge you guys are awesome, million dollars knowledge sharing for us, God bless your firm. lots of love, I'm learning so much a not skip any videos I'm going one by one want to learn process of trading i want to be my career with smb dream job. I'm so passionate
Wow this is good/relevant. Watching it all twice. As usual. You guys note this same divergence in MARA--showing strength while QQQ and BTC faultered--yesterday on Friday 2/10/23?
for $MARA setup, does it count as a B+ setup? Also, if you see the price holding above vwap & $7.0, do you enter right after the doji candle close OR wait until the volume and price to expand?
Hi Guys, one question about the RVOL calculation. Which anchor timeframe and length do you use? I usually use the day and 10, but since I listend to the comments you made about your trade management using the RVOL, I am curious. Thx for your feedback.
Oh man it would be very nice to be in a trading team. One thing that i noticed about the volume is that sometimes the bar goes really high and nothing happens in the chart and sometimes the volume is very low and the chart makes a big move, has anyone had this problem i dont know when to trust it.
I enjoy investing and trading but in reality it does nothing to benefit the world or the economy. We are basically leaching off others. As for long term investments you are at least giving capital to the companies but trading is honestly just a game. Like I said if I get a good trade what did I do? It is fun and stressful but doesn’t do anything but take money from someone else. Not really a job you feel fulfilled by.
TradingView has a free Pine Script RVOL indicator that looks like it might do the job. Coder is LonesomeTheBlue, title is RVOL Relative Volume - Intraday
![Natanael Cano x Oscar Maydon - Giza [Official Video]](http://i.ytimg.com/vi/eXCS6-MSQ_Y/mqdefault.jpg)
SMB Capital Workshop (free) bit.ly/3y9BaUm
Love the concept of Friday meetings to discuss the weeks playbook trades. Thats a high value opportunity within SMB.
Other Takeaways
-Making sure volume comes in on trendline breaks is crucial to ensure other trades see the same weakness.
-Stop loss should be placed in accordance to your trade thesis being wrong. NOT justified by tying it to an indicator(VWAP)
-RVOL increasing is a good sign for sizing in long, the inverse is a bad sign for longside momentum.
-Size according to the opportunity, don't chase linear sizing.
@@shantanu925 Thanks!
That look he gave you when you were pondering if he was a senior trader. "Dude I've been here for 4 years!" -Justin
I love the concept of sizing up with more confirmations with trades to hold, can see how it can help hugely with confidence when you get those extra confirmations. Alot of nuggets in this 👌🏼
Brilliant stuff! so many great points to take away, trade setup, trade management, trade review...... Thanks!! Need to rewatch for sure
these videos are so freaking valuable! thanks SMB
traders community want more videos from experienced traders like this
Great video, you guys are amazing. i luv this breakdown of the entries and stops and not just about the trade management but also psychology management. ONE OF THE BEST VIDEOS TODAY. More videos like this please!
i was loosink 1000 dollars on a trade i put this video on now i'm green. Cheers.
Gonna watch this one a couple of times, brilliant vid! Thank you!
what an amazing high quality video! now i understand how true education feel like. confidence, inspiring and high standard.
thx vino
Video filled with good information for the trading community. Thank You.
glad you took a lot from it!
Great love these talk through with the sr traders. One thing I often seem to miss is the entry points after noticing volume changes.
I so much enjoyed watching this video! thank you, guys!! Looking forward to see more like this)))
thank you! more to come!
Great video guys thank you! I got a lot out of this one as I am currently working on the trade break down process at the moment
thx Joe!
Great detailed video!
Pls keep them coming!
Such a great video, I learned a lot out of it. Thank you very much
all class... ive been following justin for a while and really alot polished now and organized in thought expression
he has grown tremendously over the years
I've gotten a ton of value from this video.
The book club is a great idea and I think your audience will greatly benefit from book club pick discussions.
this is the best risk management video for trading
please keep sharing more and more knowledge you guys are awesome, million dollars knowledge sharing for us, God bless your firm. lots of love, I'm learning so much a not skip any videos I'm going one by one want to learn process of trading i want to be my career with smb dream job. I'm so passionate
very useful information for newbie like me (million-dollar video). thank you.
You are welcome Ki So
Love hearing the jargon
Much respect guys, love the information. Can we have anything related to time and sales in another video and fibonacci retractements as well. Thanks!
Thank you for sharing
you are welcome!
Thanks.
Good stuff. Kid from the Jersey shore is a trader now, cool 😎
ʀᴇᴀᴄʜᴏᴜᴛ🔝🔝.. ʟᴇᴛ’s ᴅɪsᴄᴜss ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴀɴᴅ ᴍᴏʀᴇ ᴘʀᴏғɪᴛᴀʙʟᴇ ɪɴsɪɢʜᴛs🔝🔝
📈
That hot garbage laugh was "You are going to get fired if this trade does not work." 🔥🔥🔥
BTW - nice tip on the trend line break volume correlation
Wow this is good/relevant. Watching it all twice. As usual. You guys note this same divergence in MARA--showing strength while QQQ and BTC faultered--yesterday on Friday 2/10/23?
Brilliant as always, Justin. How can I join your Friday Zoom meetings?
T.J. you can contact Justin on his twitter twitter.com/sperotrades
for $MARA setup, does it count as a B+ setup? Also, if you see the price holding above vwap & $7.0, do you enter right after the doji candle close OR wait until the volume and price to expand?
ʀᴇᴀᴄʜᴏᴜᴛ🔝🔝.. 📈
What was the name of the book that was referenced? It sounded like "Thinking Your Best" but I couldn't find any books by that name.
Hi Guys, one question about the RVOL calculation. Which anchor timeframe and length do you use? I usually use the day and 10, but since I listend to the comments you made about your trade management using the RVOL, I am curious. Thx for your feedback.
1:04 the last Boss you must defeat in order to gain top trader status
What is idea behind EMAs trail stop when you use those EMA as a trail stop?
ʀᴇᴀᴄʜᴏᴜᴛ🔝🔝..
📈
Oh man it would be very nice to be in a trading team.
One thing that i noticed about the volume is that sometimes the bar goes really high and nothing happens in the chart and sometimes the volume is very low and the chart makes a big move, has anyone had this problem i dont know when to trust it.
is a playbook like a physical copy of your entire trading business plan? How many pages is one typically?
a playbook is just the strategies you use
It's a single trade setup. PlayBook might contain many different setups that are all A+ setups
Bar by Bar? Is this new concept for friday night?
ʀᴇᴀᴄʜᴏᴜᴛ🔝🔝.. ʟᴇᴛ’s ᴅɪsᴄᴜss
📈
can i know your vwap set up mate
I enjoy investing and trading but in reality it does nothing to benefit the world or the economy. We are basically leaching off others. As for long term investments you are at least giving capital to the companies but trading is honestly just a game. Like I said if I get a good trade what did I do? It is fun and stressful but doesn’t do anything but take money from someone else. Not really a job you feel fulfilled by.
TradingView has a free Pine Script RVOL indicator that looks like it might do the job. Coder is LonesomeTheBlue, title is RVOL Relative Volume - Intraday