Below is our fourth installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these educational sessions a trade archived by a new trader from our desk will be reviewed by Bella… usually. For this learning event we did something different! A trader from the SMBU Trading Community, but not our desk, presented a trade virtually. Trader James C is a recent graduate of SMB DNA 2013. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See the video below of this archived trade: $P 2nd Day Opening Drive and Pullback.
Highlights:
1) Learn the variables of a 2nd Day Trade
2) Discusses how judgement factors into entries and stops for the pullback
3) Highlights where to add size in this setup
4) Introduces a key concept for exiting your winning trades: Reasons2Sell
5) What is the point of doing something if you are not going to do it as well as you can?
You can be better tomorrow than you are today!
Mike Bellafiore
No relevant positions
