Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in power point of $TSLA Breakout Trade.
Highlights:
1) This trade offers an example of a news event that substantially moves a stock. In this case, a surprise to the upside on product sold.
2) Watch how this pro trader waits for price to confirm his long thesis and controls his R/R.
3) Aspire to be at your trading station with the feel that you are in the Real Trade, with your R/R opportunity, and in control of the trade. This is how you get paid.
You can be better tomorrow than you are today!
Mike Bellafiore
No relevant positions
