Google It: How you buy into a support area (NOT LEVEL!)

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[@maxtrader1086]

The trader in the face of great criticism displayed great maturity.

[@spencerrhodes3915]

Mike, no matter how hard you think you are on your traders, the market will be harder on them. You're doing the right thing.

[@laowai2000]

So true Mr. Market is a hard bastard who does not take prisoners!

[@willbobig]

The real trade was ~9:40 short off VWAP. Mike: I respect your 'harder' style of coaching. Thank you again for some excellent content.

[@ATLJB86]

You were not too hard on him.. You gave him much needed advice that he appreciated and will improve on. You also gave him praise for the positive aspects of his trade so I’m sure he left feeling good and ready to improve on his faults, over leaving feeling demoralized and second guessing himself. This video highlights why it’s important to critique someone.

[@Steven-T]

Exactly. It wasn't just ragging on him for every little thing without any praise. It was rough love because this guy has some glaring errors which he needs to correct. Also, the fact this trade was profitable can ingrain those bad habits even deeper than if he was reviewing a losing trade.

[@etfremd]

@@Steven-T that's a little harsh. He did an excellent job picking off the bottom turn. He just needs to apply those same skills to identify his profit target. IMHO these are not easy trades.

[@joey86bu1]

You were blunt and to the point, it saves time and allows for clarification to prevent possible future errors. The beautiful thing about blunt people is that you never have to guess what they think of you or the job that you are doing. They are more than happy to tell you.

[@ajaymalik3089]

Really nice clarity provided around this concept. Many times it's easy to get caught up in a specific level versus area. Very valuable, thx

[@benpyeatt9986]

Mike out here crushing dreams! J/K You didn't just correct him you complimented the things he did well, and the things you corrected will help him get better. I don't think you did it in a way that hurt his confidence either and he seemed to handle it well. He knew you were trying to help him improve. The fact that you think about whether or not you were too hard on him makes me think you care about giving feedback in the best way possible that helps traders improve. I really enjoy the videos from SMB. I've learned more here than any other channel I watch. Thank you!

[@garyfallon9169]

great review, presented well and broken down by the Professor with just the right recipe of directness, kindness, integrity and caring

[@smbcapital]

thx Gary

[@rhecker7708]

@@smbcapital thanks for these lessons.. next time maybe give an example of what an area would look like instead of a level. If a stock gets to an area he says rejects then pulls back again to the same area.. sometimes it doesnt pull back second time, if it pulls back the second time look at the tape and see if big money is stepping in ? like what would be the aha im pulling trigger?. thx

[@usernamenf]

Were you too hard on him? Only you and he know that - depends on your relationship and trust with each other. I love how he arrived at the anchored VWAP after you consistently shot down every other VWAP. Seems like a sharp young man. With respect to the trade review - outstanding information. I think he did a great job with the trade plan and presentation.

[@georgebasra]

Lots of good material and learning supporting the DNA training thanks SMB , I watch these on the lounge TV, family gets annoyed but hey they all got their own set ups (ps5 xbox) around the house. After reading Atomic Habits and implementing at least one YT SMB video daily if not more replacing Netflix or Prime, or the news channels, sorry SMB football (soccer) can’t be replaced especially if MUFC is playing!

[@joshchapman7462]

Love the content, please make more videos on scalping, i loved the 2 videos released on this or more on actual day trading strategies and looking into charts and trading executions. Thankyou

[@cameronjohn604]

Great job showcasing great coaching and leadership. SMB Capital is playing in the "World Series" of trading for a reason. One the major and main reasons for this is excellent coaching. mentoring, and leadership. We can all learn from this excellent example. Great work from SMB as usual. Thank you.

[@mbellafiore19]

Thxs Cameron

[@supaBIGluca]

Very helpful video! Thanks!

[@museitian85]

I do not think you were too hard on him at all, I learn a ton when I watch these types of videos, because they raise red flags in my mind for things that I should be paying critical attention to. These videos are extremely valuable. Thank you!

[@Caustin1050]

Thanks again for a another video to re-watch multiple times.

[@waltergonzalez3820]

This is what we call tough love. All I see is you having faith in this future trader.

[@fvb1369]

Oke adding tick to my playbook that's a really nice addition to trade management !

[@businesstradingrealestatev1616]

Mike, looking forward to presenting my trades. The corrections on his trades were what is needed, truth. I've learned so much on how to present and write out the trades.

[@williamp2359]

Another good review. I enjoy these. If I were 30 years younger, I would love to take a shot at working for SMB.

[@gurjeetsingh1139]

thank you Mike for all the videos and information you give out. Can you make a video on TAPE READING because I tried looking it up but there is no real content about it. it plays a major role especially when trying to day trade or scalp. Once again, Thank you for all of your content.

[@georgekatcharava6087]

thinking of support area instead of support level is brilliant!

[@iCodeForBananas]

I'd love to see more videos on relative strength swing trading, which I know you love.

[@vincesabio939]

To be fair- It was probably oversold on the rsi intraday, which is why its a “bounce play.” Also, Ive backtested trading using the VIX with a 10 sma on the 30 second time frame for confirmation to enter trades and identify intraday reversals- I got that idea when i heard you mention the VIX in one of your old videos which increased my win rate, thank you for these videos.

[@madridista1611]

Great content as usual, thanks!! You focus on the VIX and its importance for the bigger picture, how would a lower or higher VIX change your plan for this trade in your view?

[@rubylively4958]

I don’t trade stocks and wow - didn’t know so much went into it!

[@neuvocastezero1838]

You asked a series of insightful, leading questions about his choice of VWAP period in order to help him (and all of us) have more clearly defined criteria for choosing indicators in the future. Did someone suggest you were too "hard" on him? Thanks for the video, by the way.

[@leemelvin6514]

a bounce is any non break of S/R. can bounce off levels, MAs, trendlines etc.

[@raghavgupta677]

Hello sir Do u people see tape only when it is around some technical areas? Or seeing tape full time when trading

[@mohammadfarzan230]

Thanks

[@truckinforever985]

He seemed a little camera shy, and it would have been cool for him to look straight into the camera at you while he answered you back. I am reading your playbook, and cant wait to finish it.

[@couchpotato684]

Thanks.

[@88matheos1]

Which MAs are best to use in the spy and qs ? Or which one is he using in the video?

[@stonedog1000]

When I watch these trades I learn about planning trades but I frequently don't see the actual entry. I've found that I am filled late if I wait for too much confirmation and spreads begin to widen. My biggest profit of late was when I placed a buy limit order on the way down, at the bottom edge of my target area, just when selling was slowing down on time and sales. I also placed a stoplimit below that price. Next red candle wicked down and I got a great entry. Everybody's playbook seems to wait for 3 bullish candles before entry. My hypotheses is that if the trade plan is an A trade you should plan to enter before the pull back. If price never reaches there you have lost nothing If price reverses before the limit order, you cancel the limit order and enter at the new level. This is me fighting for price.

[@stonedog1000]

correction: breal out not pullback; still learning.

[@tamimi8085]

Thanks for the great Video , If we could have a video about VIX with more details that will be nice.

[@smbcapital]

Noted! Maybe I can ask Spencer to do one on this

[@KT-zx9jr]

Great discussion so good job Gents. Google is a tough trade. I've watched it since it first started trading. Very gappy and moody stock. Was Mike too tough? I think that Mike has a very defined template for all the trades SMB has identified and put into its playbook, so no I think Mike was sticking to the SMB Playbook. I think its a harder intraday stock to trade given the macro backdrop for Feb and vol term structure. VXN is also good to watch for technology stocks. I took some recent trades and did well b4 earnings and through earnings and am holding a 4th googl trade now. Good work n thks very much. Kirby

[@superdatawolf4652]

Great video!!!!

[@mbellafiore19]

Thxs

[@saimonbilalov3839]

Dose short flow and shares flow matters?

[@Icyhotkettlepot]

How does one anchor VWAP to an earnings call ? Did not know that was a thing.

[@spencerrhodes3915]

Gap close attempt-fail. I trade that move in futures all the time. If the market fails to close the gap early you position yourself in the direction of the gap. If the market accepts price below the gap that indicates rejection of higher pricing. It's a lot easier to fudge your entry range and timing when you're trading options. Futures are less forgiving.

[@benjamins5165]

Amazing trade review by such a youngster.

[@maxtrader1086]

The kid held his own...lol.

[@2321brendan]

Not too hard on him. All kids need a kick up the arse now and then . You gave him some kudos too. He now knows to think harder on VWAP settings. Maybe a bit stressful for him on camera. 1st bear candle exit or second lower close candle exit? Large vol 1st Candle probably long profit takers. Then a few shorts joined in ,not many hence low vol short cover candle.?This is good material for me to study . Also enjoyed 1 good trade on audio book while working (drywall in Australia) Thanks Bella

[@billc3405]

Like that. Showed why how when of a trade.

[@JenMarco]

22:50 is too much noise on the chart with the 3 different moving averages and bollinger bands with 3 lines. I’ll look at them both sometimes but hide one while looking at the other one. Plus I also have confluence areas marked on the chart with trend lines. Also, I only use BB as an additional tool if I’m unsure of an entry or exit and don’t give it too much value. RSI is gold to me for finding reversals, seeing when it’s gaining or losing momentum, overbought or sold. Definitely recommend traders backtest RSI and learn divergence.

[@tradingonly7099]

Can you do a video on "manipulation" of a stock. I see that term thrown around by individuals but I haven't seen a video about it. Is it just rubbish? If not, can you explain?

[@TaurusTime420]

you might have been a little tough on him at times but tough love is where strength and success come from.

[@JB-js1mg]

todays lesson is 43min however i watched it for a period of 1hr30min reason being i was so fascinated by the bits of information I grasped. Personally i thought i was being extra when I Incorporated S/R Areas instead of levels however todays lesson proved to me that i was actually doing the right thing.

[@Jcmb-xg1dw]

Do I need a margin account to scalp?? Just wondering because it seems almost impossible to scalp couple times a day with the T+2 fund settlement rule. What kind of account would I need for scalping??

[@jasonyu232]

You'll need a margin account. And you'll probably need $25,000+ in your account because of PDT rule

[@johnkowalkowski4439]

You were not hard on him at all. I wish my trading mentor taught me and interacted with me the way you do.

[@BrussBowman]

Excellent trade review here. Well done by the JR trader. Bella's msg about 35:00 for ~2M is a key takeaway from the video, IMHO.

[@mbellafiore19]

Yes that could have been another short video from this video

[@babyzeefpv9887]

You know you know you know you know you know.

[@natesoffroad]

Tough love. Good. Market is unforgiving. Need to be spe ific.

[@KambizNazir]

I thought you were pretty hard on him but it’s for his own good. I’d rather get yelled at than to lose money.

[@greggmoorman4793]

The trader did well receiving the criticism and hopefully heed it and not feel bad about your critiec of the trade . You were not to hard on him if he wants great success

[@paulw7647]

I'm surprised to hear you advocate reading level 2, my understanding is it gets spoofed all the time.

[@shanecunningham6390]

Great comment? Bella, can you respond?

[@azamim.6620]

imo highly likely on smaller caps, but less so on large.

[@joelewis4336]

pullback bounce trade

[@tara6779]

My opinion, yes a bit too tough in the beginning (specially with the Bounce nomenclature), but the feedback is balance as the video move forward.

[@faceanation66]

"Buyers stepped in" ? What buyers?. It is a classic dump and pump, with the encircled part at the last red candle showing a wick, classic stop hunting sign. Dumped got what it wanted then reversed. CLASSIC DUMP AND PUMP

[@LiveFor_TheLord]

No you should be hard on traders they need to learn the hard truth and learn to accept it

[@colinmaharaj]

Why aren't we automating most of this effort?

[@andy_uk3325]

Very smart kid, hope he learns to to relax when he is given feedback. You can see his ego talking for him.

[@jeffislearning]

Not even close to the time Mike tore that one really pale kid a new one because his entry was off by 4 cents. That kid looked like he was gonna cry. This guy got off easy.

[@mbellafiore19]

The hardest I ever was on a class turned out to be our best class ever.

[@blaqpaks1808]

You couldn't make an options trade in Google with only $100 of risk. Also he couldn't have captured 20 points on this like he said, it was more like 2.5 if he made $250.

[@chr971]

Of course it trades higher, or think not to chase it and it ends up with upper circuit :|

[@stephenc7428]

ahh. COME OOOOON..!! It is so obvious that this trader was just unable to tell you that he is following Brian Shannon's 1 and 2 day VWAP squeeze technique to help monitor price action 😂 Who is afraid to say Brian Shannon Brian Shannon. But seriously makes sense not to anchor or use the VWAP prior to the earning release. Brian Shannon anchors a VWAP after earnings or IPOs and uses it as a longer term reference to say who is in control. This could be seen on Justine's longer term chart showing Google falling all the way back to pre earnings.

[@smbcapital]

haha, Brian Shannon has been to the NYC office and gave a talk on AVWAP before! Justin wasn't around for that one though.

[@mo938]

i feel like you had to be harder on him bc he seemed to have a lot of excuses.

[@mda0214]

support amd resistance levels work perfect in any market. you just have to pair things with them. also you have to know how to read candles to see how it react to the line. not hard to do at all

[@stevenjohnstone5833]

Not too hard, he is inexperienced and you are teaching him.

[@mohbulletproof634]

I don't think you were hard at all. you definitely were harder on other folks more in the past lol. I just think the trade doesn't have much edge. why not short it? stock was up 3 days in a row then a huge gap up, right at the open it confirmed a lower high cuz it put a high in PM . you could of got in or waited for the second lower high after the open and shorted that bad boy and held for quite a bit. trying to buy a "bounce" i think is too aggressive

[@mbellafiore19]

Hmm terrific feedback here from you. Love the other way to look at this trade

[@mohbulletproof634]

@@mbellafiore19 Hey thank you Mike, again I have to be honest I only watched till min24 and left a comment yesterday lol. maybe he said the same as me later on in the video. I need to finish watching later. right now just waiting for the open. wishing everyone a green week

[@xwhite2020]

Well done making money with such a poor opportunity.