Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, offers the SMBU Trading Tip of the Week using a recent trade in $LULU. There is information to be discovered in the moves counter to the direction of your trade that can foreshadow where the stock is headed. This quick tip might help you gain confidence to get bigger in some trades and exit ones not worth your emotional, intellectual and financial capital.
As always, we hope you enjoy this video for the trading community from SMB.
“You can be better tomorrow than you are today!”
Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook.
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2 Comments on “SMB Trading Tip of the Week: Discover the Information in the Counter Move $LULU”
Thank you Mike for the video. I just would like to ask you, this indicator that you use is Day VWAP in 1 minute time frame?
Jc.
VWAP is the same intraday no matter what time frame. Thxs for the question.