Powerful Gap Trading Strategy (For Active Day Traders)

[@joefeinstein6804]

Great discussion - thanks. Love the focus on tape reading. Please keep making these videos for us - they're a great help.

[@smbcapital]

More to come!

[@AL-yk9on]

@@smbcapital thank you

[@billyblack3816]

Jeff is the absolute best at breaking down the tape. Excellent video.

[@Josh-Jones]

Great point about being specific about what gives the trade edge versus simply enumerating the things that can happen.

[@smbcapital]

yes absolutely!

[@RVOL-Addict]

Have thought for a long time now that going over the big picture was a complete waste of time for certain trades. Good to see that acknowledged now.

[@smbcapital]

yeah sometimes it's not relevant at all

[@moisesromeroa5820]

This video is awesome!! It clearly shows how to build the playbook, and also the score card!! Definitely a good way to evaluate your trades. Thank you for sharing!!

[@treymasters]

Freaking awesome video! Loved the breakdown of a playbook trade. Never looked at trading catalyst gaps this way. The breakdown of the tape was definitely my favorite part. Appreciate it SMB team.

[@smbcapital]

glad it was helpful Trey

[@ChrisTrader-ob7wi]

Thank you for the presentation and all the wonderful information, please, can you share the name of the software which you are using for streaming the level 2 and tape data?

[@RikimaruNobunaga]

Thank you gentlemen. Fantastic. Question - how do you define an overextension here at the point you took off 20%? is it something like 1 atr from the 9ema? thank you once again, all the guys who are taking time to make these videos and create content in your own time. Thank you.

[@valiente4153]

Beautiful trade, love watching the tape

[@dasfahrer8187]

Great info. I hadn't considered using AVWAP for these but it sure looks useful. I also love the 'fighting for price' concept. I have learned the hard way that getting a great price at the right time is so critical to having a strong position. Thanks for sharing!

[@seanmcdonough6531]

Interesting comment and quick estimate around possible ATR moves given RVOL levels. Thanks

[@neilhess2518]

What are some recommended sources to find after market news to prep for the next trading day?

[@arshadahmed3923]

Great content as always! Shows how hard professional traders plan, trade and the most important aspect - review their trades with a mentor.

[@stephennn403]

Love this video great one by reading the tape l2 really nice Job guys ,, a question 133t in time base , what time frame is it ?

[@wesnhisthoughts]

Gem-1/2 RVOL=ATR range possibly! Thanks

[@airtower]

Great video and excellent Tape recording. Is it possible to get the KZbin link from the presentation of his tap recording?

[@jasontaylor2237]

Great trade. I know the volume wasn't there as the trader stated. However I do wonder about the red to green trade once price came back through the open of the day. The open is definitely a target for profit taking after the initial position BUT once the tape confirms buyers are in control is/ would this be another opportunity to add or to put on a new position. Thanks SMB.

[@Carlos-nx9nj]

Thanks again for the amazing training content!! Big up!!!

[@smbcapital]

glad it helped Carlos!

[@regevvino]

Another amazing breakdown from SMB! (i love you jeff). can someone explain what do they mean by "negativ\positiv 8 tape"?

[@RonCalhoun76]

Great trade review containing detailed relevant information. Thanks!

[@smbcapital]

Glad it was helpful!

[@dannytetreault]

9:30 …what does the abbreviation “BTO” stand for? My educated guess is, ‘break [of] the open’

[@shoaibsiddiqui9829]

Where was your stop loss for the 2nd entry? was it the same as for the 1st one?

[@nekineki8097]

Jeff, is this your son? 😅

[@smbcapital]

hahaha

[@markelson4300]

Very impressive presentation put together!

[@smbcapital]

thx!

[@jackjack8390]

SMB videos are as good as gold (maybe even better than gold.)

[@neuvocastezero1838]

Enlightening analysis, thanks for sharing.

[@smbcapital]

Glad you enjoyed it!

[@Jackthompson01]

Would like to see more on gap trading strategies if possible.

[@smbcapital]

noted!

[@ichiro1717]

father and son team

[@adolfodiaz4951]

What do they mean with fight for the price?

[@verilucis]

Thanks!

[@ichiro1717]

I would be hesitate to take this trade until it breaks above vwap...reason is this could be a h pattern. Fortunately for you, it just kept going higher and higher.

[@yoginacharya2150]

Awesome 👏 🙏

[@Jackthompson01]

I've looked at my chart on DKNG and don't understand how you came to the conclusion that $23 was a significant level. Would you be able to explain please? Thanks

[@treymasters]

I didn't take this trade and I'm not on the SMB team, but what makes sense to me here is he had a strong positive catalyst and the fundamentals checked out. The reason 23 was a significant level was because the tape showed it was holding with strength and it was close to that prior high of 22.76 (Turning prior resistance into support). Also everything else checked out. Price won't always come down to your exact level, when everything else lines up the trade is worth taking. Definitely an A+ setup, yes price coming down to exactly 22.76 would have been A++, but we don't get what we exactly want every time.

[@Jackthompson01]

@@treymasters yeah I personally don’t agree. He stated his stop was at low of day. So his stop was ABOVE the prior resistance (new support/$22.76). The stock could have tested that $22.76 level and bounced and he would have been stopped out. I’d personally rather wait for the actual level to be tested but I am very patient and rather wait for setups to be perfect but that’s just my style.

[@smbcapital]

after hours area. Level was more 22.75ish but the 23 developed in realtime and the tape was helpful in spotting that. Whole numbers typically are more important so the development of 23 was something Carter found important. Stop was clear for him based on tape.

[@Jackthompson01]

@@smbcapital thanks for the response. 🤝🏼