One Tape Reading Exit Strategy Every Trader Must Add To Their Trading

In this video, learn one Tape Reading exit strategy every trader must add to their trading. Register for our free intensive trading webinar smbu.com/mike
#TapeReading #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

[@smbcapital]

3 Trades our traders are using smbu.com/mike

[@Donks-R-us]

I really liked the risk segments described in this video. It added some more clarity at how you identify risk and probabilities.

[@gregstanley457]

Appreciate the focus lately on "Reading the tape Vids".

[@mbellafiore19]

appreciate the feedback Greg

[@LakesideTrades]

Mike, I love how you challenge the viewpoints of the traders on your floor and don't just want them to "feel good" about their trades. You challenge perspectives and encourage growth! Thanks for another great tape reading video.

[@mbellafiore19]

Hard to improve without being challenged

[@THEAIRSOFTMAN247]

i'm sure its time consuming creating these recaps.. SO thank you.. there's a lot of hidden gems in each recap that give me more perspective!

[@intellectualdegen]

Nice to feel like I’m right there talking strategy with other traders. I don’t do chats or media as I find I can be impressionable during trading from outside influences. But I know isolation isn’t good for growth as well. So thanks for the videos feels like I’m taking part in the discussion.

[@mbellafiore19]

you are welcome. thxs for participating.

[@ImChrisBrown1]

These tape reading video's are great. Thanks for putting them out.

[@smbcapital]

Glad you like them!

[@mbellafiore19]

you are welcome Chris

[@rosed7758]

More tape reading videos like this please! Love it! Thank you so much for educating us :)

[@mbellafiore19]

will do Rose

[@mrtrader4628]

Please keep it coming it helps us bad traders out a lot. Thanks Darren

[@KT-zx9jr]

Nice trade. Got to move fast on this set up. Thanks. Kirby Ps. I'd look at the higher time frame and if it was bullish, and given good earnings, Id like to get long on that opening drop.

[@ryanoconnell7839]

Perhaps you could experiment with showing the execution of failed examples of these kind of tightly risked scalps in shorter form videos (less than a couple minutes) in order to demonstrate what disciplined traders aught to do on the occasions when they inevitably get a low roll on the expected value spectrum. This could maybe be a useful source of content for your Twitter or Instagram posts instead of repeating the same quotes (i.e. "... always use stops...") without new supplementary content. I know your traders probably much prefer to only make videos of their winners as is the usual case, but videos/records of making disciplined exits for failed attempts of valid setups in one's playbook may also build positive conviction in the strength of their setups overall. Not to mention it is also somewhat unique for traders to "show off" their losers on social media.

[@kylebroussard5952]

Mike, I really like how you stress the viability of scalping. I think it gets a bad wrap and it seems you're passionate about it in multiple videos. I also like the stress here of "if it happens it will happen quickly", this type of setup goes parabolic really quickly if the bottom drops out, the longer it sits at that prior low, the more likely buyers are to step in. I've found this type of trade can also be done well with at the money options in liquid names off the open. Gamma squeezes can be unreal in this type of move. Thank you so much for the education - the focus on tape and fundamentals and making a playbook have helped me learn so much.

[@mbellafiore19]

gr8 to hear Kyle

[@lucholland3938]

great video thanks guys love the tape reading videos. Hoping you can get some content out on the difference between pops and 'turns' in the tape - when one play is actionable where another is a pass.

[@lynnstimler1857]

Great video, thank you for explaining how to think about the "steepness" factor and for reminding us to have realistic expectations for an opening drive "profit taking" move, after strong earnings. Super great video. Thank you.

[@mbellafiore19]

you bet Adam

[@sommi888]

🧡💛💚💙 Great video Mikey. This trader could have used some level plots on higher time-frames, he would have probably seen a lot of levels on the way down. In Crypto, a lot of people get used to 100 unit profits in the Bear mode, but when its Bull Mode and they are given 50 units right away, they don't take it because they forget its still a Strong/Up Market and they have a false sense of security in the Bull trend. This is very similar to the Opening drive move here. 🧡💛💚💙

[@mbellafiore19]

Thxs

[@sri4sg3]

Thank you Mike this is Gold

[@xxxxxxxxxx3390]

Great video... solid.

[@smbcapital]

thx Mr. K

[@Dsanchez1979]

Good stuff. Going over the action and the trade like that and analyzing it is a great way to learn and get better. When you were saying; " too steep , too quick", I am assuming that applies for long trades as well, when it goes up too quick , too steep , basically parabolic, then it will just come down in the same way soon enough..

[@frescoinspections]

yup.sometimes you just HAVE to take profit. sometimes for no reason too.

[@stonedog1000]

So what was the target?130? If I make 70c on a $130 stock I am out. 500 share size gross profit= $350. I would also be stoked that I picked such a great target. One of those each day is $70K in a 200 day year.Also, spends 6 min watching the retracement; could have found another 20c scalp on amother issue potentially.

[@SN-jw7yx]

To the traders you teach whats considered a high/low short float % (enough for a possible squeeze?) and high Insitituional Ownership?

[@mbellafiore19]

above 20 percent on short interest and you have to be more careful with the stock.

[@theshodiyor89]

good strategy

[@ewh88]

Re-watch on mute to follow the MNOV chart!

[@NathanDeK]

Hi Bella, Could you please elaborate on the "too steep too quick" comment as a signal to get flat? I understand the bullish sign when it gets re-bid directly above certain levels, but I can't grasp why I should see the skipping itself as bullish. What makes it especially confusing for me is that in, for example, the next video: kzbin.info/www/bejne/pHzQoIVve5eAd9E we get above $35 while also skipping prices, but here we do see it as bullish instead of bearish. Please help me understand the nuance between both instance, that I must be missing.

[@cambridgelearningsystem9004]

what top bid ask you get from broker ...10/20/30?

[@champagnesaj]

How reliable is the short float % that’s reported? Isn’t that only updated every 2 weeks?

[@smbcapital]

yeah sometimes it can he hard to gauge and stats often can be off depending where you get it from

[@amitsah369]

What executing platform do you gyes use? Like if you want them to reply!🙏

[@mbellafiore19]

proprietary platform only for firm traders

[@karmaloophookups]

Anyone know what the Level 2 platform they use is? I see TOS for the charts, but the Level 2 is different.

[@Syltibob]

Looks like sterling trader.

[@TraderBlaze]

Looks like he's using TOS for charts,time and sales and executions thru DAS

[@rickyastudillo6300]

Firm's Software

[@christiandeee6058]

confused as to why he's risking 130.20, what made him choose 130.20 as a risk level?

[@user-mx9fo9xx9s]

👑🙏

[@aliraisi5834]

There were so many amazing scalp opportunities in this trade that the trader could have taken, it was a picture perfect scenario of lower risk momentum trades and great entry points!

[@mbellafiore19]

Thxs Ali

[@brandysoda8665]

No way u can play this using TOS platform at OPEN.VERY Unreliable!!