The weekend is a terrific time to work on your trading game.

1. Working on your IPO game is worth consideration, particularly in such a strong market.  SONO was one of the better trades of the week on the long and short side.  One developing trader sent me his Trade Management from his SONO IPO PlayBook.

2. One SMB YouTube subscriber asked:

RVOL is a comparison of the average daily volume done by that time of day.  Volume on the breakout is the volume measured after the breakout.  Both are important indicators for intraday and swing trades.  See the video in 3 for more detail.

3. One of our my favorite traders in the trading community, @austinmitchyblu , and I sat down for a chat about his trading.  He is a 7-figure trader and uses a Daily Report Card, encouraged by Dr. Steenbarger for our desk, to improve his trading.  I mentor several 7-figure traders inside and outside of SMB, with this exercise, to improve their trading.  Each of them are remarkable and give me enormous energy for my work.  Most do more of what is suggested, more diligently and more quickly than expected to improve their trading.

Watch this video here with a terrific role model for the trading community: The Daily Report Card with a 7-figure trader.

4. In our chat with @austinmitchyblu  we also discuss Breakout Trades.

5. I outline step-by-step a powerful and effective trade during earnings season or after significant news, in the video link below.  TWTR from this trading week is used as a trading example on how to employ this trading strategy.

A powerful and effective trade during earnings season (TWTR)

6. For those new and developing do not miss this important trading video: How to become a successful trader

7. Check our next free trading webinar here.

*no relevant positions