A Comprehensive Trade Entry to profits in $PINS
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- เผยแพร่เมื่อ 22 ก.ย. 2024
- You develop an idea to get into a very strong stock. But you just are not sure how to execute the trade. Has that ever happened to you? The top 3 trade setups we are using on the desk here: smbu.com/mike
#smbcapital #stockmarket #daytrading
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One of the things I like about SMB, you never hear these guys swear in their videos. Clean professional language! Great work once again.
haha every once in awhile it might happen :)
you clearly haven't watched alot of videos😂😂
If something is up 6+ ATR it's probably not a good idea to buy into an acceleration of the tape at the open. Almost seems like the most logical thing to do is let price get below a key level and let buyers prove that they won't give out. This is super educational thanks a lot !
Nice to see previewed in the free morning meeting, And then get a complete summary of how it was traded. Unreal. Best training tool is Smb and it’s free.
Incredible work from those two 👏🏻 They deserved more from that trade based on their research alone.
the market gods will only give you so much ;)
Does anybody know what their chart volume setup is called? I see their volume candles show proportional buying vs selling data. That Would be very useful
I figured when you were being quiet you were impressed by the trade 😀
Can you guys make a video explaining the super bizarre bands of bids and asks following the current price around on the SPY etf? Like, it does not look like a collection of random bids or asks by independent people. Rather, it seems a single entity is doing it on purpose. What's the idea behind it?
these guys crushed it!
they did
Would be cool to see the Tape not only on the lifting the offers on the way up, but when the tape chnges as a Reason2Sell. Also an explanation of T&S unless not being looked at when bids are stepping up.
Good idea Ashton!
Predator and Sniper.........mic drop.
Huge fan of the videos, thanks so much for sharing these! I have a quick question for you. I have noticed that before each trading session, your traders are conducting extensive research into a proposed trade. The trade is promising, in that it has good risk/reward, and also seems likely to play out in the market. However, what happens if the stock does not behave as expected, and in fact, the trade plan is now completely useless? Does this mean that your traders that worked on this trade that day will not trade for the day, or do they prepare multiple plans of attack prior to market open for a single trade, or for multiple trades? Thanks in advance!
our traders generally have multiple plays they are looking at. If they aren't seeing anything worth trading then they will use that time to focus on other areas of their trading such as building scripts or continued research or back testing ideas.
@@smbcapital Brilliant, thanks so much for the insight!
At what price you enter in the trade when u see 64 is holding on tape initially..... Thank-you
What is the platform you guys use to read the tape? ToS has bad tape but I like the charts on it.
You video is not working with 720 px quality on ipad.
It was shot in 1080 so not sure why you had that issue.
🔥🔥🔥🔥🔥
Great video and information. What software do you use to get Average Stats? Are these stats for earnings gappers on PINS or on any gappers on PINS.
I think these traders used excel to get that information. You can usually pull this info off yahoo finance or google finance into an excel sheet. Should be able to enter the symbol you want and then hit a hot key to do the calculations for you.
SMB Cap! Please help! I want to start tape reading but I use thinkorswim and the level 2 is horrible, what do your traders use or at least what do you guys recommend?! Thank you in advance.
We have our own in house platform. Some good platforms for retail out there like lightspeed, das trader, Interactive Brokers.
@@smbcapital can they be used in conjunction with thinkorswim? Or should I be looking to switch platforms completely?
@@light_skit good point. Which platform do you use for level 2?
@@CRoth1124 yes, I am trying to use think or swim level 2 also. It's useless for me and don't help...I think tos is just horrible for this.
Have you noticed that Mike looks like steve jobs and kinda sounds like him
We are like twins.
@@mbellafiore19 ha ha ha