Everything You NEED to Know Before Placing a Trade (assuming you don't want to fail as a trader)
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- Опубликовано: 2 июн 2024
- We share everything you need to know, all the information you must gather and know about a stock, before making a trade. Without it, you will just be flailing around as an underperforming trader headed soon for failure.
Register for our free intensive trading webinar smbu.com/mike
The FULL LIST:
- News
- RVOL
- Above below VWAP
- ATR
- Average volume
- Long Term Chart (Where are we in the Daily/Weekly)
- Major ETF movement and strength
- Understanding the catalyst (news, technical, etc)
- Tape/Confirmation
- Short interest
- Stock Float
- Institutional Ownership
- SPY (Where are we overall with the market?)
- Where am I right/wrong on this trade?
- 2 Day VWAP
- Entry, Stop, Target
- Gap% (if there is one)
- Who is in control/how is the stock trending
- What kind of trade am I making (PlayBook trade?)
- Time of day?
- How far has the stock come?
- Anchored VWAP
- Percentage of volume done on the bid/offer
- Is there room for more bank upgrades?
#smbcapital #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...
1. news
2. rvol
3. above or below vwap
4. atr
5. average volume
6. long term chart
7. major ETF strength
8. understand the catalyst type and strength
9. tape confirmation
10. short interest
11. float
12. institutional ownership
13. where's the spy
14. where am i right or wrong?
15. 2 day vwap
16. entry, stop, profit target
17. gap%
18. who's in control? buyers or sellers
19. what kind of trade?
20. time of day
21. how far has the stock come
22. anchored vwap
23. room for bank upgrades
24. % vol on bid/offer?
wrong
I paid big bucks for training and did not receive as much valuable training as these free videos.
you are welcome!
SMB brings in so much value. I regret not finding their videos sooner.
Thx a lot Pat!
I concur
I think it's just the way RUclips works, as you investigate more advanced stuff the advanced things are revealed. One leads to another. We probably didn't see it before because we weren't ready, we weren't looking. I'm glad I found this also.
Once you stop looking for entertainment you will find this. Knowledge 😁
Mike has a supernatural teaching ability. Its quite a surreal experience listening to him.
Someone on the desk obviously pissed the Big Boss off with their actions today. Mike's coaching voice is very intense in this video. Awesome insight Mike & the SMB team - such a blessing to the community.
Stilo weezy Hell yeah!! 😂🤣 Never seen Mike this serious! Lol. Someone must’ve went long on GRUB or something. Rip’em Mike! 🤣 Thank u as always for the insight Mike! 🙏🏾
Give this man an Oscar
if you think this is me being intense, consider you do not see behind closed door chats with traders.......
haha i thought the same
@@mbellafiore19 Fantastic video Mike! You are very right! We have to be very prepared as a traders. I just don't get if somebody was given the opportunity to trade at SMB and don't do the work and going the extra mile. The guys should be grateful and taking advantage of being around of such amazing traders at the desk and putting all the effort to absorb all the knowledge.
This is one of the most brutally honest videos I have ever watched! No fluff. And it's pointed to the people who actually work there instead of just made for us here on the interwebs! Thanks again for the great content!
I learned more in this one video than most of the courses I've taken. Thank you so much for the information
My favorite channel! constant reminding me of good habits and discipline. Thank you guys this is priceless info.
This video is as raw and to the core as possible within the limits of a pc environment. Listen to it as it expands your awareness. If it doesn't and find it somewhat bothering you then trading is not for you.
Thank you Mike and SMB for such solid content.
Brilliant video. Can't wait for your webinar tonight
I'm quite surprised that I actually practice 4 of the pre trade preps after about a year of training. But I'm also very humbled knowing that I still have alot to learn from these lectures.
I will definitely add these to my playbook to improve my trading decisions and ultimately to be a more successful trader.
This is the single best trading video I’ve seen, everything packed into 30 min summary to be a successful trader. Thank you.
The most inspiring videos on youtube are the bland, factual, and sometimes discouraging videos like this one. Nothing fancy, just real facts. The emphasis on discipline is important and exactly what I needed to hear.
I trade stocks on the side because I love this business .. but Mikes bad A$$ speech to these traders is EXACTLY how I climbed to the top of my very competitive career field and been able to support my family for almost 20 years.. (very well). - Be the absolute best you can be at everything you do in every moment with everything you encounter, every single day and you will be amongst the elite.
Mike I got lost in the moment listening to you there at the end, and had I been sitting there, I would have out-worked every last person there exactly as you outlined! So fierce! Gave me chills. So awesome!
(Lastly, your words from this video will echo through me tomorrow morning as I perfect my trading process even more in Pre-market) I will have this playing as I plan out my playbook perfect Trade in the am.
Thank you sincerely for all your content as it’s helped me more than words can describe.
Great information Mike. Thanks very much. The creation of a dynamic template to account for everything before, during, and to close the trade, and then review it for a potentially better outcome. Awesome thinking...
This was great. Truly helpful. So glad I found this channel.
Thank you. What a great one. Some of these I like to use as well, ATR VWAP and sometime EMA. And the one that helps me the most to identify a good setup is the heatmap. Seeing if the stock is taking liquidity or rejecting liquidity, then use VWAP as a guide. If it's trending usually get paid really well. Of course, there is more preparation than that. I am like a professional golfer playing the tour when I am entering a trade, I want to take the water out of the play, bunkers, and where is okay to hits etc. When everything is considered,THEN I would pull my clubs (trade), and take the shot. BUT, the problem with this preparation is I am always doing it one shot, and I don't like to scale in (or add) when I am right, feel like I am chasing.
Thxs Kenneth
Thank you for the video Mr, Bellafiore. Priceless stuff. for my own template I would add intermarket correlation.
I have been trading about 2 months - I really enjoyed this presentation and it answered a ton of questions I had, also gives me solid ground to look into and think about before I make a trade.
My answer to the last question:
I noticed “Sudden News” eg. corona virus or political changes can really jerk the stock up and down.
I think I could do “trading” but really need some training.
This information is easily the best trading education out there. Thank you very much for all you guys are doing, really really amazing stuff. Something I might add to my checklist is: Is the stock being promoted or pumped up on social media platforms? This is nothing new, only the technology in which people communicate has changed. Social media attention = liquidity
Thank you for all the useful and practical information!
Mike.....you and SMBU are pure inspiration......thank you for all of your great work....i feel like a better trader just listening to you.....
Thx Tom!
Loving the videos , please keep it up information like this is priceless 🙏
Fantastic video thank you! Will be tweaking my own template this weekend 👌🏻
good work Daniel
This video turned my head upside down and told me How much good work goes on inside a firm SMB Capital. Bella (Hope I am pronouncing this name correctly) is truly a legend.
Long Term Chart: Monthly, Yearly. Where the most Volume has been done- Spencer taught me that one.
very solid advice, these are the things that all traders should look out for before entering a trade
Great info! I remember I once lost a $1000 on an opening trade - good earnings report. What wasn't mentioned in the press release....was the down forecast for upcoming quarters...If I had listened to the conference call, I would have gotten that.
Priceless videos! Thanks so much!
thank you, I loved the seriousness
Excellent video full of valuable information. I would add to my template buy and sell zones.
I would add where you are standing psychologically for the trading session. I would create a simple psych scale I can place my mood, prior win/loss pressures, expectations, life outside trading events that might be influencing my decision making. I’m coming off huge losses and I’m relatively new to trading. Those losses have shot me down psychologically, but I know it’s learning and rigorous preparation that will soon give me the confidence to resume my trading journey. Thank you for all you put in videos like these. Your videos are outstanding and as soon as I round up enough cash to pay your fees I will order your training course. Thank you so much.
This is one of the best videos I have seen from SMB
Thank you for all of the information this help a lot to know what to survey before trading a name. I also verify the revenue of the company, if they have debt, revenue growth, their income, the amount of cash they own and assets. With all of these you have the Debt/Equity Ratio. that give a general idea of where the company come from and where they can go.
Hey Mike, one of the most important thing need to be considered on the playbook is that the public sentiments. e.g. bad news on apple wont pull down the stock price as much as on uber or roku etc.
thank you Mike and SMB Capital team for a such valuable video
you are welcome Azad
You got it!
I wrote all these items down for my template!
I added/expanded to How far stock has come, with “Chart Type & Timeline” - Uptrend, Downtrend, Reversal, did it just change, short-term parabolic, Longer-term steady down/up.
Great Class , Thanks Mr Mike, Excelente
Thanks Wilman
Where are shorts stuck? Where are longs stuck?
amazing content even i knew most of it , we still need a discipline and diligence to put that in practice
definitely!
Mike you are amazing! and that's why I'm becoming very successful trader because of your training guidance!!! this is plain fact!
Question, do your traders go into their trades already looking at a particular stock agreed upon from a previous days meeting, or are they looking at their scanners to see what’s moving during pre-market. Or is it a combination of both?
Mike's been coaching his voice, I can tell. Nothing wrong with that. The lower tone convinces the minds of others to listen to you more seriously.
good observation Alfred
Dont skip 1second of it guys. This video is gold mine to me. Thankyou guys.
glad it was helpful
Thanks for these videos. Honest points
Great video, guys, thank you!!
thxs Vlad!
Thank you Vlad!
Great as usual - I think that understanding this is a very competitive game is a major key. Just like being a proffesionl athlete. (Not to your question but)I would have add building a Mental/Emotional preparation routine (small WO, breathing, reading, meditate, visualizing,strive to know your rules ) - Thank you *
I love your idea here. Currently I am using Muse for mindfulness at the suggestion of a top trader. preparing your body and mind is important to execute your trading edge and skill.
Mike Bellafiore muse?
Outstanding video.
thxs!
Another great video Mike !
Look forward to your next video.
Definitely watching this video again and taking notes. Champion!
thxs Razzy
Good video like always. Thanks!
thxs!
Thank you Stock Operator!
THANKS A LOT
You said HTF analyzis so me saying something like max/min of the week or day would be repeating
great content, so inspiring and informative at the same time
wish you all the best
thanks so much Diogo!
You missed calendar events of the day. If you don't know what news to expect from the market and when it will kick you
Good presentation. Once again, very professional!
To add, and this was mentioned in another way, I would consider value areas by using market profile or even volume profile. If other factors point to a move in a particular direction, confluence with either vwap or anchored vwap and these value areas could increase the probability of a move in the predicted direction .
Great point Dan!
90501 I jo
Wow that was intense. Excellent coaching with serious accountability. SMB Capital is where I am headed. This was invaluable training.
Glad you enjoyed it!
Very few Traders/Trading firms reveal their true working methods and trading strategies as transparently as you guys, thanks! If i didnt have people to care for i would take your course and come to NY in the blink of an eye.
thx a lot! We will keep the youtube vids coming so just keep watching
Cool stuff just completed Core Strategy with OTA combining it with your insight is a great help.
I don't trade stocks, but if I did I would add the following to my checklist. NYSE Ad / Decliners, both the overall exchange symbol and NYSE only, I would learn to read the TICK a bit and understand it's meaning in the overall market. I would learn which future my stock is most affected by and learn a bit about that symbol, it's habits tendencies and levels it likes to move from. Some exposure to futures will broaden the perspective on what the market reacts to and why certain tweets etc can really move these symbols. There are total volume symbols for futures markets that are quite reliable on days you feel you have no direction, I find them helpful. VWAP, anchored, 24 hour etc in futures is very reliable like SMB finds in stocks, any kind of volume measurement is a good learning experience and this data can be presented in a wide variety of ways. Cumulative measuring tools which Dr Brett 1st mentioned in his Trading Coach book, has evolved into a study of it's own. It appears algos are using this a lot. A good trader may find correlations with stocks that you know well, that can help see and anticipate before most of the market participants have realized a change is underway.
Thanks as always for your excellent work !
Three more critical check list items:
What's my risk reward?
Where's my daily hard stop?
What is my size limit?
very important video!!!
Thanks @SMBCapital for the amazing content!. Very grateful!
thanks for watching!
Great Video!
Great video as always, Mike usually pretty chilled but more serious as this is obviously something that can break or make a trader, I do quite a few of these things but not all. Tape and confirmation def something to work on and pay attention to.
Also, what is considered high interest and high institutional ownership for a stock?
Watching this video during such a volatile/chaotic market gives me hope that I still have a chance. This right there is how you create value for yourself.
indeed
Excellent video
thxs
I look at the dark pool prints over the last few days to get a sense of where large buying/selling has occurred, especially trades during market hours
I made myself a morning playbook for my trading session around 9:20am to 9:36am EST. I’m successfully profitable during this time. But for some reason I’m not able to make a playbook trades on midday or end of day. I always end up giving up all of my profits and more when I trade midday or end of day. So now I just stop trading when I’m finished with the morning session of trading.
This video was very helpful. I have been watching a lot of the videos, and would like to mention that it would be helpful if the videos were organized as step 1, 2,3, etc. But I guess, that's what the paying courses are for. I actually started options trading, but found that learning day trading techniques improves options trading. I find the volume price distribution histogram (long term 1 year chart) very reliable for predicting the pullback range and good entry prices, assuming RSI is above 50 and the OBV is increasing. On moderately bullish stocks, I sell options, but when the stock is extremely bullish like NIO / PLTR, I just buy the stock and trade to my price target -- which is a weekly trade, until it consolidates. With this strategy , do you have any comments or suggestions for optimizing? I am trying to work my way up to more strategies, like shorting and credit spreads to have more tools, but first build consistency and concepts.
Thanks for teaching
Our pleasure!
Great video. Thank you
Would love to see more details on 2 day VWAP
noted
Yes please - Me too! Thanks for all the great videos!
I have a tendency to slowly drift to plays that are based on technicals only because i tend to gloss over the news , just as was the case today and I missed a great trading opportunity. Being able to distinguish between what news is going to significantly impact stock prices hasn't really been a strength of mine.
Now after witnessing missed opportunity after missed opportunity I think it's about time I focus more on this after this great video SMB has produced
Gauhar Singh check out the premarket movers.. look at stocks that are gapping, trading at least 100k shares premarket and have a catalyst.
Hey MIKE, what are 5 stocks that you would consider as BiG Runners at this time in January 2020?
Very happy for having nailed my A+ setup with a profit 30 times bigger than my stop on $GRUB today. Feels nice watching Bellafiore saying indirectly that you are doing a good job. I wish I can work with you SMB Capital!
Great trade!!
I wish I could work for them too
great insight....much thanks.
you bet Jack
Love this channel
Best training videos on this channel
thx
Thank you for this!
of course
Great video I would like to see much more videos like this .it improves my trading alot .This video should be gone much more in detail.
thx Brandon, will try to do more on the subject
Yes, it's especially one I was looking for. Another one I haven't find yet is best charts setups with indicators details and reasons for particular setups if relative to particular trading types.
i'm taking all these and much more! that's what's up!!!
Be mindful if a stock is flagged for Short Sale Restriction (SSR); fight for a good entry, especially if taking a short position.
Exellent video. I will now redefine my own Template and hopefully get better results. Issue has been to be consistent in profitable Trades. Cons. adding something - I use pre defined Exit Indicators = when at least 3 of them triggers - I am Out.
love it!
Thank you coach Bella😎
Any time!
What's critical to know every day is the 'macro climate.' For example, is the Fed signalling rates will be low for some time like right now. Or, is the Fed signaling rates may tighten. Also, understand the term structure of volatility. Where are VVIX and VIX at? If those key variables are favorable, then the micros matter a lot. If the macro's are not favorable, then expect higher vol, more potential downside, and also be ready for unexpected gaps. This understanding is key as good earnings and outlooks can be trumped by rising rates and a hi vol environment...
Great list! I'll include historical chart performance study into the list as each stock has its unique characteristics. By the way, may I know where can I get RVOL?
good contribution. you can find it on most platforms. we have it on our level 2.
Knowing if a stock is HTB(hard to borrow shares) ETB(easy to borrow shares) or NTB(no shares to borrow). But that's intraday. And to see how much the stock has sold off from pre-market high to intraday.
Mike, why is 'Expected Move' for the stocks in play not used/incorporated in combination with ATR?? EM is forward looking and details the level of risk on.
I think because stocks in play will have really high RVOL and ATR doesn't play as much of a role in how far the stock is gonna go when there's 5x more people participating.
I do think we discuss target which is similar. but again if you want to add to this list terrific. individualizing this list for your trading is important
Lost in this trade , it's a lessons to me
Arthur :(
Hi Mike, thanks for all of your contributions to the trading community. When looking at long term levels (daily/weekly chart) are you looking only at support & resistance levels or do you take major MA’s (20,50,200) into account as well?
we will be cognizant of major MA's Chris as well
I trade stocks and forex and to answer the last question in an effort to find the risk on risk off sentiment of the market ie SPY I always check the strength or weakness of the US Dollar as it will show evidence of its performance from 0300 Hrs the open of the London session. Strong dollar = Weak SPY
Amazing, thank you !
Thanks Scooter
Thanks for sharing some of your "secret sauce"!
Also please cover on trading automation
Street sentiment can be important. It isn't always, but it should be considered to determine whether or not it is important and able push the price/price action.
yes always consider that
Great jewels that newbies need to know as they lack knowledge about the lifecycle of stocks that they trade. No wonder furu subscribers lose 98%. Your vids give this knowledge for free which is so awesome. Thanks for your guidance, invaluable .!
The first dude reminds me of my high school football coach giving a speech in the locker room after we got destroyed after our first game of the season.
SBM capital shares a lot of value
I would love to join the desk some day
Wondering if you and your team have a bias with ATR and penny stocks? Obviously something that moves 100%+ in a day and has a very small float is not going to be equivalent to an earnings play mid cap stock that could move potentially 2 ATR's. Is this something anyone has looked into or noticed/ on the potential it will move?
100th like by me..thanks a lot for the refresher Mike!! best part is "Every day you have to compete"
Thanks for the 100th like Castle Trader :)
Got a notification for this video, fastest I’ve ever clicked in my life.
LOL
Awesome as always. When you talking about RVOL you mean actual daily volume at the moment of the trade divided by avg. volume? Thanks again for putting those educational videos up.
actual volume done by that time of day compared to average volume done by that time of day
Thank you.
who is in pain, ( who am I selling to / buying from ) and why, (fomo or holding a loss).