This one trade setup is good enough to base an entire career on. Seriously, you can play this a number of ways in regards to your entry, exit and trade management. for me is one or my personal favorites...low risk, low stress and high reward potential. Watch this video a few times and learn everything is it has to offer. Also, what Steve said at the end of the video is true, it takes time to learn how to trade, that’s because the average professional in any field, normally has several thousand hours of experience before they can do what they do at an expert level. So, start small and increase you size gradually as your experience level improves.
Kudos for the Video! Excuse me for butting in, I would appreciate your opinion. Have you heard the talk about - Fiyayla Tradify Planner (Sure I saw it on Google)? It is an awesome one off product for creating your own winning lotto system without the normal expense. Ive heard some decent things about it and my close friend Aubrey got cool success with it.
Awesome video, a lot of top content. Chart at 21:40 unable to read anything. Watching on 1080. Very NB part of video, any chance able to make this available? Thank you
@@smbcapital Awesome. Thanks for the slides. I expanded them out on a miro.com whiteboard along with the youtube video, transcript edit and captures of the screens, and my own attempt to reconstruct Aaron's trade. Hope this helps. Appreciate you guys sharing the review process you went through here. miro.com/app/board/o9J_kx2iYiU=/?moveToWidget=3074457346601519069 You can zoom out and the slides I placed on the right hand side. Great stuff. Thanks again. Do you use slides for playbooks? Miro might make sense since it has a chat window, a way to make precise comments on anything on the board and other nice collaborative features with ways to capture pages from the internet quickly and easily. Check it out. Trade safe.
This video has same problem that a lot of trading videos on TH-cam have, specifically that the chart labels aren't readable at all, which makes this too much of a chore to seriously analyze, for example in 8:55. What is this even a chart of? Certainly not the first 3 days, if the price moves left to right but the volume bars are only in the middle part. This is very confusing.
@@laeconomistablockchain8177 Great. I was trading very small back then, just becoming profitable. $20-$60 days small. Im now able to do $200-$600 days. Biggest red day of year is $230 i believe.
What a coincidence. I had the same epiphany today as well. Confirmation always gives consistent profits. Better to have multiple small confirmed profits than to chase bigger profits.
@@saifullahkhan1202 ya. Thats why im a super scalper. but also get tons of false confirmations but i just get right out for tiny loss and right back in if needed or flip if needed. (if im able to, but i use TD and cant short shit lol, should prob get a CP acct.) Im very agile nowadays. Long, short i dont care. If i get a buy signal i buy, sell signal i sell.
thank smb capital im so proud to find you and soon as can be one your students the i have learn a lot from your videos and one good trade good bless you all.
So do these guys only trade their playbooks to make them "7 Figure Traders?" So is their winning percentage very high- >60%? Or are they looking for high Reward/ Risk Ratio 5-10x per trade? (He mentioned risking 1 point for 5 points) Absolute P/L doesn't really matter without knowing what the other stats are (or starting capital for cash on cash return). [Appreciate these videos, but a real disservice to SMB to dangle the cheap "7 Figure Trader" like it's the Home Shopping Network ;)]
+SMB Capital 👀 Share some of the same questions but w/out the somewhat harsh, _"disservice....dangle....HSN"_ assertions. Would be good to see other "hot" stocks traded/trading (besides "book") as well as 😱 FUTS 😱(anybody at SMB trading these? /CL, /ES, QQQ's, etc). Would be exciting to see/hear SMB's take on FUTS in future videos. (or did we miss them already, yrs previously?) @SMB Capital 👀
This is all basically an advertisement to attract students to the SMB course so they can find talented traders to hire. These guys become 7 figure traders because their risk managers bump up their clip size as they prove themselves. Becoming a 7 figure trader without a prop firm backing you is an entirely different ballgame altogether, no one is arguing that haha. But when you trade for a prop firm your win rate and specific trading stats don't really matter to anyone else besides the guys who determine your account size, so I'm not surprised they don't focus on that info in these videos. If you work for a firm and you're making money without losing much money then all that stands between you and a 7 figure account is discipline and consistency regardless of your win rate and all that stuff. Plus all the smb traders trade differently so nitpicking performance stats is probably just going to confuse new traders. They prefer to show you their process more than crunch their numbers. I'm only saying all this because I had the same questions for ages but I thought it through and realised that these guys are playing an entirely different game to retail traders in terms of variables they work with. They can afford to focus on $ return instead of % return because unlike retail traders they basically have a near-unlimited well of capital to draw from as a firm with access to leverage and pooled profits (at least compared to retail traders lol). That being said, I'm sure all the 7 figure traders at SMB focus heavily on their win rate and risk % in their personal processes. But a 7 figure trader saying they made 5% on a trade isn't as exciting as saying they made $50,000 haha. That doesn't attract viewers nearly as much when 5% to a retail trader sounds boring. Just my two cents as a retail trader who shares your feelings!
@@TheArtOfTrading Thanks for your thoughts, and agree with most of them. There are really only a few variables that can be controlled in trading. Number of trades, amount of risk vs reward, and the whole discipline of following some sort of game plan. (If none of that matters, then it's just luck). Even if you look at the turtle traders, they were given pretty specific guidelines to follow in terms of risk management, and how much they can put into one market or direction etc. Perhaps I'm more of a technocrat, but a trader who doesn't know his stats is just not that good- just lucky if he makes it.
2nd time watching this after a year and the questions and reasoning are actually making sense to me after learning more about the levels and zones mentioned.
We actually don’t bring in capital from outside. The firm hires traders to trade its capital. Better for our traders because they aren’t risking their own money but also means we are more selective in who we hire, we love to see a solid track record for traders before they come in
thanks! We offer a SMB Scanner that allows you to sort stocks that will be in play for the day. Typically you want to look for stocks that are trading higher relative volume from their averages. Those are likely to be most in-play. Also these IPOs are great to watch over the first few weeks of trading. Even some of the less well known ones will provide great trading like the JMIA trade Aaron discussed.
Thank you Steve, do you happen to have any swing traders with holding times from days to months you could interview? Currently not possible to day trade with schedule, but swinging very well might work. Thank you.
Swing reading is just a "buy & hope" strategy. Especially if you still got a dayjob. Cut the bullcrap and start taking day trading very seriously. You only need 30 mins a day, roughly 9:15AM-9:45AM to make a few hundred bucks (or thousands if you use big positions) in under 30 mins a day. After a month of consistent profits, you can resign from the dayjob and expand your frontiers in all areas of life, including trading That's what I've done Good luck
Good, systematic. The thing is you guys should have daily live day trading on TH-cam like Tradenet does every single trading days from 1 hour premarket analysis to market close. Should record the live trades and thought process on 5min or 1min chart and the tape readings.
Excellent information and analysis as usual...some of my best trades are multiple time frame continuity ie stock is down on the monthly weekly daily and hourly I enter on the 1/2 hour .... recently healthcare sector was weak many tickers fell into that category no pun intended... keep up the good work
Great detail and very beneficial to a good trading strategy, thanks. Highlighting the areas of the charts that you’re discussing would be a help though, as it's not easy to read the x/y axis.
you can check out the ppt presentation here docs.google.com/presentation/d/1haAf3yjjHqeTPD_Ts6mZkYgBtEZppsiXK34jKcIugLQ/edit?usp=sharing might be able to enlarge a bit more to get a better look
You can code those by using highs and lows in your time frame as variables. Establish trendlines for the tops, the bottoms, and the range of successive bars. Nearing the point where those trends cross, answer the question of which way the break is happening.
the first thing is identifying *In Play* names. once you have those you can either use an off the shelf scanner or build your own scans in something like Tradestation to track a consolidations pattern. i teach how to identify the names in our workshop... tradingworkshop.com
Oh! The age old "7 figures"... Reminds me of the guy who read a room full of books and made a fortune selling "stuff" to "7 figures, stuff minded people". Please don't lower your brand with cheap hype. You have one of the most compelling and professional presentations of all "educational" branded companies searching for the "right" candidate, for a fee of course. And that's ok, we all should get paid for our services, specially a good service with a "universe" of potential, like yours. I might invest on the opportunity to try it, once the disappointment of the 7! cheap hype, is left behind. Godspeed!!
![How To Trade Futures Contracts [Full & Live Explanation] | Trading Tutorials](http://i.ytimg.com/vi/sJELO5PGY00/mqdefault.jpg)
This one trade setup is good enough to base an entire career on. Seriously, you can play this a number of ways in regards to your entry, exit and trade management. for me is one or my personal favorites...low risk, low stress and high reward potential. Watch this video a few times and learn everything is it has to offer. Also, what Steve said at the end of the video is true, it takes time to learn how to trade, that’s because the average professional in any field, normally has several thousand hours of experience before they can do what they do at an expert level. So, start small and increase you size gradually as your experience level improves.
I just re-watched 1-year later. Great trade decomposition. Thanks very much. Kirby.
very nice input here , please bring more top traders to do the same, AWESOME!!!
Kudos for the Video! Excuse me for butting in, I would appreciate your opinion. Have you heard the talk about - Fiyayla Tradify Planner (Sure I saw it on Google)? It is an awesome one off product for creating your own winning lotto system without the normal expense. Ive heard some decent things about it and my close friend Aubrey got cool success with it.
I appreciate the detailed analysis of an A+ setup by an experienced and skilled trader and would love to see more videos like this from Steve.
Good job.pulling out well timed.when you see the bars in a almost straight vertical line.. momentum then shifts to the down side. Good trade.
Awesome video, a lot of top content. Chart at 21:40 unable to read anything. Watching on 1080. Very NB part of video, any chance able to make this available? Thank you
I'll post it on my twitter
This might help docs.google.com/presentation/d/1haAf3yjjHqeTPD_Ts6mZkYgBtEZppsiXK34jKcIugLQ/edit?usp=sharing
@AaronRothSVP
@@smbcapital Awesome. Thanks for the slides. I expanded them out on a miro.com whiteboard along with the youtube video, transcript edit and captures of the screens, and my own attempt to reconstruct Aaron's trade. Hope this helps. Appreciate you guys sharing the review process you went through here. miro.com/app/board/o9J_kx2iYiU=/?moveToWidget=3074457346601519069 You can zoom out and the slides I placed on the right hand side. Great stuff. Thanks again. Do you use slides for playbooks? Miro might make sense since it has a chat window, a way to make precise comments on anything on the board and other nice collaborative features with ways to capture pages from the internet quickly and easily. Check it out. Trade safe.
This video has same problem that a lot of trading videos on TH-cam have, specifically that the chart labels aren't readable at all, which makes this too much of a chore to seriously analyze, for example in 8:55. What is this even a chart of? Certainly not the first 3 days, if the price moves left to right but the volume bars are only in the middle part. This is very confusing.
This is great - thank you all for the effort and thank you for sharing
Awesome. After hearing all that, im doing exactly what he'se doing (minus size) but more confirmation im on the right path. Thanks.
how it wentt
@@laeconomistablockchain8177 Great. I was trading very small back then, just becoming profitable. $20-$60 days small. Im now able to do $200-$600 days. Biggest red day of year is $230 i believe.
What a coincidence. I had the same epiphany today as well. Confirmation always gives consistent profits. Better to have multiple small confirmed profits than to chase bigger profits.
@@saifullahkhan1202 ya. Thats why im a super scalper. but also get tons of false confirmations but i just get right out for tiny loss and right back in if needed or flip if needed. (if im able to, but i use TD and cant short shit lol, should prob get a CP acct.) Im very agile nowadays. Long, short i dont care. If i get a buy signal i buy, sell signal i sell.
@@vangilanteryan713 can you share a youtube link for the best video on scalping
thank smb capital im so proud to find you and soon as can be one your students the i have learn a lot from your videos and one good trade good bless you all.
thanks!
So do these guys only trade their playbooks to make them "7 Figure Traders?" So is their winning percentage very high- >60%? Or are they looking for high Reward/ Risk Ratio 5-10x per trade? (He mentioned risking 1 point for 5 points) Absolute P/L doesn't really matter without knowing what the other stats are (or starting capital for cash on cash return). [Appreciate these videos, but a real disservice to SMB to dangle the cheap "7 Figure Trader" like it's the Home Shopping Network ;)]
+SMB Capital 👀
Share some of the same questions but w/out the somewhat harsh, _"disservice....dangle....HSN"_ assertions. Would be good to see other "hot" stocks traded/trading (besides "book") as well as 😱 FUTS 😱(anybody at SMB trading these? /CL, /ES, QQQ's, etc). Would be exciting to see/hear SMB's take on FUTS in future videos. (or did we miss them already, yrs previously?) @SMB Capital 👀
This is all basically an advertisement to attract students to the SMB course so they can find talented traders to hire. These guys become 7 figure traders because their risk managers bump up their clip size as they prove themselves.
Becoming a 7 figure trader without a prop firm backing you is an entirely different ballgame altogether, no one is arguing that haha.
But when you trade for a prop firm your win rate and specific trading stats don't really matter to anyone else besides the guys who determine your account size, so I'm not surprised they don't focus on that info in these videos. If you work for a firm and you're making money without losing much money then all that stands between you and a 7 figure account is discipline and consistency regardless of your win rate and all that stuff.
Plus all the smb traders trade differently so nitpicking performance stats is probably just going to confuse new traders. They prefer to show you their process more than crunch their numbers.
I'm only saying all this because I had the same questions for ages but I thought it through and realised that these guys are playing an entirely different game to retail traders in terms of variables they work with.
They can afford to focus on $ return instead of % return because unlike retail traders they basically have a near-unlimited well of capital to draw from as a firm with access to leverage and pooled profits (at least compared to retail traders lol).
That being said, I'm sure all the 7 figure traders at SMB focus heavily on their win rate and risk % in their personal processes. But a 7 figure trader saying they made 5% on a trade isn't as exciting as saying they made $50,000 haha. That doesn't attract viewers nearly as much when 5% to a retail trader sounds boring.
Just my two cents as a retail trader who shares your feelings!
@@TheArtOfTrading you're so sour, negative, draining of energy. That attitude is going to get you nowhere. Although it probably has already
@@TheArtOfTrading Thanks for your thoughts, and agree with most of them. There are really only a few variables that can be controlled in trading. Number of trades, amount of risk vs reward, and the whole discipline of following some sort of game plan. (If none of that matters, then it's just luck). Even if you look at the turtle traders, they were given pretty specific guidelines to follow in terms of risk management, and how much they can put into one market or direction etc. Perhaps I'm more of a technocrat, but a trader who doesn't know his stats is just not that good- just lucky if he makes it.
@@Markdfadf Jokes.
Thank you Steve and SMB Capital. I would appreciate if you can upload a video where you guys analyze volume. It would be of immense help to me.
thanks! we will add that idea for future videos
2nd time watching this after a year and the questions and reasoning are actually making sense to me after learning more about the levels and zones mentioned.
Great questions Steve. Thanks.
How much capital does a trader have to bring to the table to get leverage at your prop firm? Are they all different from place to place?
Dont think about capital. Youll get greedy, focus on your won ratio and percentage gains
We actually don’t bring in capital from outside. The firm hires traders to trade its capital. Better for our traders because they aren’t risking their own money but also means we are more selective in who we hire, we love to see a solid track record for traders before they come in
This was such a good video, thanks so much for taking the careful time and effort to be clear. Just a perfect trade!
thanks!
Incredible privilege to listen to highly profitable traders. Thank you.
Check them on your phone browser and ask for help
Firsttrademarkets
Nice trade summary. Thank you.
Glad you liked it!
one of the best videos
a perfect playbook
Such a good info guys thanks a lot!
Can you give us what kind of properties do u have on your trade idea scanner to find stocks for intraday ?
Thanks
thanks! We offer a SMB Scanner that allows you to sort stocks that will be in play for the day. Typically you want to look for stocks that are trading higher relative volume from their averages. Those are likely to be most in-play. Also these IPOs are great to watch over the first few weeks of trading. Even some of the less well known ones will provide great trading like the JMIA trade Aaron discussed.
Thank you Steve, do you happen to have any swing traders with holding times from days to months you could interview? Currently not possible to day trade with schedule, but swinging very well might work. Thank you.
Swing reading is just a "buy & hope" strategy.
Especially if you still got a dayjob.
Cut the bullcrap and start taking day trading very seriously. You only need 30 mins a day, roughly 9:15AM-9:45AM to make a few hundred bucks (or thousands if you use big positions) in under 30 mins a day.
After a month of consistent profits, you can resign from the dayjob and expand your frontiers in all areas of life, including trading
That's what I've done
Good luck
thanks! we will add that to the list of videos, we do have some traders that do swing here and there.
Good, systematic. The thing is you guys should have daily live day trading on TH-cam like Tradenet does every single trading days from 1 hour premarket analysis to market close. Should record the live trades and thought process on 5min or 1min chart and the tape readings.
thanks for the input Jerry
on a daily chart it went parabolic so short was not on radar
Excellent information and analysis as usual...some of my best trades are multiple time frame continuity ie stock is down on the monthly weekly daily and hourly I enter on the 1/2 hour .... recently healthcare sector was weak many tickers fell into that category no pun intended... keep up the good work
agreed. healthcare presented a lot of opportunity recently!
Great detail and very beneficial to a good trading strategy, thanks. Highlighting the areas of the charts that you’re discussing would be a help though, as it's not easy to read the x/y axis.
you can check out the ppt presentation here docs.google.com/presentation/d/1haAf3yjjHqeTPD_Ts6mZkYgBtEZppsiXK34jKcIugLQ/edit?usp=sharing might be able to enlarge a bit more to get a better look
Why not used a chart to illustrate what you are talking about so we can understand your concept ????
there were quite a few charts in the video. could you be a bit more specific?
Does SMB offer an intership?
yes we do. smbcap.com/careers but it's mainly geared toward college students
This is pure gold. Can you tell me the equivalent of the VWAP indicator when trading emini futures? Is there a similar indicator on Ninjatrader?
Volume weighted average price
VWAP is the same across all platforms and instruments
Your video editing team is on point! Great stuff, thanks for sharing SMB
thanks!! our one man team gets it done!
Awesome as always, I’m sure some of your traders traded TSLA today. Would like to see something on that if possible! ☺️
2 yr breakdown.. wonder where that one goes to.
How you trading now?
great video - thanks for putting this out there
thanks Joel
Great stuff, thank you.
yes it went up
What is a playbook?
a "Playbook Trade" is a detailed analysis of the best trading opportunity for any given day. we ask all of our trainees do create these daily.
When volume drys up on the pullback isn't that a indication that institution are buying ?
For accurate trading strategy, check them out on your phone browser and ask for help
Firsttrademarkets
Any technical set ups SMB can tell here just to see if it works by us? Please make a video on it
Check them out on your phone browser and ask for help
Firsttrademarkets
Very good video ...
Hi Steve, how can we find these wedge pattern consolidation? Is there a scanner or somethin
You can code those by using highs and lows in your time frame as variables. Establish trendlines for the tops, the bottoms, and the range of successive bars.
Nearing the point where those trends cross, answer the question of which way the break is happening.
Get off you butt and put in some work and you'll find a wedge pattern
@@Mach7RadioIntercepts can you code something like that?
@@MikeSmith-uv8yc if you want to spend all day in front of the screen, that's your problem. SMB encourages the use of technology to capture trades.
the first thing is identifying *In Play* names. once you have those you can either use an off the shelf scanner or build your own scans in something like Tradestation to track a consolidations pattern. i teach how to identify the names in our workshop... tradingworkshop.com
excellent video!
thx 2 dollar rip :)
Great explanation of this Playbook trade
Thanks Raf! A lot of people have been asking to do more PlayBook trades so thought this one would be helpful
Shorts on an IPO?
yes you can short IPOs. you just need a brokerage with inventory.
Great recap
IM GOING TO BE A 7 FIGURE TRADER NOTHING CAN STOP ME
Is very possible, check them out on your phone browser and ask for help to get the best trading strategy
Firsttrademarkets
Only 1 question, how much to ,start with
check them out on your phone browser and ask for help
Firsttrademarkets
what vwap they use?
leandro pellegrini Vwaps are the same
i started making my 7 figures when i realize it's more profitable to trade with a professional trading network.
realized trading forex is more than a days job.
Oh! The age old "7 figures"... Reminds me of the guy who read a room full of books and made a fortune selling "stuff" to "7 figures, stuff minded people". Please don't lower your brand with cheap hype. You have one of the most compelling and professional presentations of all "educational" branded companies searching for the "right" candidate, for a fee of course. And that's ok, we all should get paid for our services, specially a good service with a "universe" of potential, like yours. I might invest on the opportunity to try it, once the disappointment of the 7! cheap hype, is left behind.
Godspeed!!
Very surprising to see simple setups and so much discretion used in a 7 figure trader.
Yeah, Check them out on your phone browser and ask for help
Firsttrademarkets
I like this guy
I wonder what percentage of people that try this would actually succeed? In guessing about 10-15% just like every other 'system'.
The percentage that go on to make it in the long run is quite low but with the right training and work the chances are significantly better
1.5 2.5 risk reward
these guys seem legit
are they like funded account trading opportunity or like they hire people or just education/chatroom kind of stuff
Zaid, we fund all our traders
SMB Capital how does that work ?
i attended the webinar which was fantastic
but not sure how to proceed.. can you help me out with that ?
You look like Johnny Knoxville :D
charts would of been better
docs.google.com/presentation/d/1haAf3yjjHqeTPD_Ts6mZkYgBtEZppsiXK34jKcIugLQ/edit?usp=sharing if you want to get the original ppt
Today, JMIA price is $6
Alexander Debski it’s at 2.59 now
@@dancer1 11,25
Joe mama