Very helpful video, thank you guys for investing some of your time and sharing with us to help us be better at trading. Cycle of trade development 1. Observe 2. Learn 3. Filter 4. Adopt 5. Advance Now to apply.
@sbespn3820 Жыл бұрын
I stopped taking any wedge that consolidates right below VWAP and that rule has helped me to avoid bull traps where price fakes a breakout to the upside, runs into VWAP, and then immediately gets slammed back down through the bottom of the wedge for a large loss. Learned that lesson the hard way. Sure, sometimes you'll get a short squeeze, but it's not worth the risk in my opinion, and in general if a stock is trading below VWAP it means the sellers are still in control.
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@aaronwhoyle8 ай бұрын
Would you think about taking a short position in those scenarios, or is it not consistent enough to add to the playbook?
@heapsofeddies Жыл бұрын
just cause you have your grandmas recipe, doesn't mean you're gonna cook it the same way she does.
@smbcapital Жыл бұрын
no one can cook as well as grandma
@realruggeddiy Жыл бұрын
@@smbcapital You’re absolutely right, but there are certain fundamentals that grandma always followed and we’re going to give you those fundamentals
@moonlightandsunshine6875 Жыл бұрын
This conversation may sound straightforward on the surface yet I find it’s the missing link that I have not noticed on my end. Glad to be sitting in on this locker room talk!
@moonlightandsunshine6875 Жыл бұрын
A lot of these questions are missing in my own process! Many of which I didn't find in myself to ask during a review.
@MrPlaceboeffect Жыл бұрын
Tape reading and chart patterns recognition has help me a lot especially on TOS platform. You guys are dropping liquid gold 🗣️
@mo938 Жыл бұрын
why liquid?
@Apex.Machina Жыл бұрын
Yes. I learned the hard way that these cookie cutter pattern cheat sheets are very inconsistent. I've also learned that a pattern that may be present in one stock/crypto may not be present in others You have to learn the patterns for the asset you are trading and most strategies taught on the internet based on pattern recognition are not one-size fits all.
@smbcapital Жыл бұрын
absolutely right!
@realruggeddiy Жыл бұрын
@@smbcapital Isn’t it strange how trading one stock on a Monday could be different from trading a stock on perhaps a Tuesday or even a Wednesday?
@ryanlee6781 Жыл бұрын
This is like 'This Old House' but for trading. I love it.
@smbcapital Жыл бұрын
a classic!
@Caustin1050 Жыл бұрын
I have always used TOS on Demand feature. It has helped me tremendously with Tape reading and trying to better spot turns. The only things I don’t do as part of my daily/weekly routine is having trader conversations, outside of my self talk. Thanks as always for the content.
@dooleyh158 Жыл бұрын
I use TOS On Demand to test my Thinkscript code but there are days when the tape goes out of synch with the chart or the chart just freezes. Have you had the same experience?
@mo938 Жыл бұрын
@@dooleyh158 100% yes I have
@Caustin1050 Жыл бұрын
@@dooleyh158 I do, but what can you do when they are offering these services for "free."
@kb-mt7gm Жыл бұрын
How does someone learn to read the tape . Like any suggestions ( through a book or you tube videos)!!
@Pete_James3 Жыл бұрын
One of SMB’s best ever. This content is gold.
@smbcapital Жыл бұрын
thx Pete!
@johnotaran Жыл бұрын
Another fantastic discussion ! So in essence the context drives the set up.... and the set up only works best when the context of the catalyst is significant....the direction of the move is clear on higher time frames with price above important levels and holding... finally the interest expressed through rvolume is also significant showing buyers and sellers are paying attention
@bradleygibson9686Ай бұрын
This is one of my fav's ! SMB consistently hits it out the park. So much knowledge condensed in this one I have watched it 3 times. The stash is a solid 7.8, the data sheet is info for the algo I will code. I owe everyone at SMB big time. Outstanding work Gentlemen!
@markmcgwiresbackne5705 Жыл бұрын
Long ago we shared everything with each other, what I do is not a secret, it's simple stuff, I traded $MRNA wedge 10/28, I bought $PXD on Monday morning after Friday earnings selloff, then caught the backside trade, I bought $AA ahead of the open today, I bought $AMD today after the close on earnings. The why and how too's are simple. I'm getting older and the excitement comes from watching the new guys light up when they get it right.
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@traderryan713 Жыл бұрын
Right on. Very informative. I took some notes on that and trying to build a play book. I used to make a little money, now i dont make any. lol. I'm on paper until i figure somn out. Thanks.
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@tgiletto Жыл бұрын
Okay. I'm about 9 minutes in and the first thing that comes to my mind is . . . Spit it out!
@charlesgodstime5127 Жыл бұрын
I couldn't wait to watch it, I clicked it immediately I was notified
@CameronCrosby2468 Жыл бұрын
Interesting new video format! Nice job Kurt. Also great video all around.
@smbcapital Жыл бұрын
thx Cameron! trying to keep things fresh
@claytonkimbrew9100 Жыл бұрын
Incredibly valuable! Thanks for sharing guys. Sincerely appreciated. The data capture is definitely another way I can tighten up my game and build more specific confidence in plays I “really see”!
@smbcapital Жыл бұрын
Glad it was helpful Clayton
@KT-zx9jr Жыл бұрын
Thanks Mike. I think the most statistically reliable indicator for success to ensure you have a higher probability trade relying on any pattern, is the strength or weakness of both the underlying stock and market. A stronger stock may outperform the mkt yet a strong stock + a strong market with a bullish chart pattern is more probable to work ....the foregoing assumes a bullish position n pattern such as a bullish continuation pattern of any geometric shape....
@realtimeforextraderthebrut8571 Жыл бұрын
Another FABULOUS video from SMB!!!!! Thank you for sharing.... Sharing the experience and knowledge of professional traders benefits the trading community as a whole. Lots of pearls of wisdom from this serious trader. Please keep posting more of these informative and very positive interviews.
@chilatelover Жыл бұрын
Good stuff. Context + money management are part of the process to PROTECT YOU from YOUR own PSYCHOLOGY!
@arttorrez5548 Жыл бұрын
Luv the topic. Failed setups are common. It took me years to learn that you can't just trade a setup on one timeframe. This is why most need to supplement it with technicals, order flow, fundamentals, news, volititily all for a mere scalp. I learned you need to trade mtfa on specific key timeframes in a confluence. There actually is a science behind the higher and lower tfs. The real setups are hidden in the keyed mtfs. And so I trade mtfs for the setup and not one tf. This eliminates the need to depend soley on catalysts for movement with technicals and fundamentsls. And I get large high tf movements and not scalps. jmho Great content. I learned strict mindset of deep market analysis from smb videos. 👍
@shanebrown8242 Жыл бұрын
I watch a lot of y'all's videos and I think this one felt like I really learned what you were teaching clearly. Thank you good sirs.
@smbcapital Жыл бұрын
great to hear Shane, we should do more like it
@topdawg1692 Жыл бұрын
A set up acts differently if its in a weak stock, vrs when the set up is in a strong stock., and market, trend, event days( fed) etc.. so the set up is the set up, market conditions 👌 mean things,.moves, acts differently
@DavidSkerritt Жыл бұрын
The setups are only a piece of the picture. You have to have the screen time and intuition to know when to apply a particular setup and when to pass on a legitimate textbook setup because something about it or the context didn't quite look right. That "didn't quite look right" is your intuition scanning through 1000's of hours of screen time telling you that something about it isn't right. Those decisions are what take a long time to master.
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
@jasondillon2567 Жыл бұрын
Really, really appreciate all of the content you all provide. Can't get enough! There are gold nuggets hidden in every video.
@marklasky3555 Жыл бұрын
Thank you for taking the time for the trader community!
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
@joesephburns1628 Жыл бұрын
This is why trading really takes so long to become consistent its not enough to learn how to trade you have to adapt to trading and everything revolving around how you plan to trade
@smbcapital Жыл бұрын
absolutely!
@sharp2338 Жыл бұрын
Great video! Something thats helped me when looking for context for a trade idea is to look on a longer term time frame and ask myself the question 'where has it come from, and where does it have the potential to go?' Its basically a brian shannon quote lol
@dalekim5 ай бұрын
this video is long but the discussions built into the lesson impactful thank you!
@ajayroberts78542 ай бұрын
Man. Garrett’s stach is epic! First video I’ve seen with him rocking the stash.
@BrussBowman Жыл бұрын
Really great stuff. The videos keep getting better over the years. Well done. Not sure but Garret might just have a better "Cookie Duster" than Merritt Black did in his hey-day on the desk :-)
@smbcapital Жыл бұрын
hahah yeah Merritt had a good one
@jagarbaast Жыл бұрын
Garrett = the younger and hipster version of Steve Spencer. Good to see steven spencer's lil bro again!
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@RikimaruNobunaga Жыл бұрын
Thank you so much for your time Gentlemen
@smbcapital Жыл бұрын
You bet!
@memelistas9370 Жыл бұрын
Great stuff from SMB guys. I learned so much from them in recent years, really help to understand some advanced topics and some core values like discipline, grit and perseverance. Some videos are really advanced and the application is even more difficult, nonetheless - best trading content on youtube. Honest thanks to Mr. Bellafiore and his team.
@smbcapital Жыл бұрын
thanks! What we are striving for!
@razzy1476 Жыл бұрын
Have to add great video learned important information! The strategy within the strategy!! 😀👍
@razzy1476 Жыл бұрын
Agree totally consistency is key first before trying to go in big !!! Tried it before and F&@&ked the trade all together!! Lost money what a bummer! Like: Mot only move the stop but when to move the stop! Is important for to know and understand!!
@Elite93955 Жыл бұрын
Two Legend traders. Thank you for your videos
@imatthewryan4076 Жыл бұрын
bucketlist: trade on yall's desk
@mbellafiore19 Жыл бұрын
👊
@stevenmorgan9549 Жыл бұрын
Great info. Thank you
@smbcapital Жыл бұрын
Glad it was helpful!
@vancevanda8593 Жыл бұрын
Such a good video. Thanks guys.
@smbcapital Жыл бұрын
thx Vance! We need to get more of Jeff and Garrett together
@freddyco2868 Жыл бұрын
What a great discussion with tons of value!! Thank you!!!!
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@mohammadfarzan230 Жыл бұрын
Thanks
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
@Gregoz987 Жыл бұрын
The only gurus I pay attention to are the SMB clan.
@luisdetomaso867 Жыл бұрын
Can you make a video or say what constitutes an "elite trader" by your standards? How profitable must one be and over what period? You throw this term around but I have yet to see it defined
@realruggeddiy Жыл бұрын
I think maybe you’re missing the point here. There’s a unique strategy that they’re trying to convey and it may be different from that of those you hear from other traders online and what worked for you and one situation may not work for you across all situations, but somewhere along the way, there’s a key mistake that you’re making. Does that summarize what you’re getting from listening to this video?
@luisdetomaso867 Жыл бұрын
@@realruggeddiy My question has nothing to do with this video
@danmarsh1337 Жыл бұрын
Solid video, easy to understand. Gracias :)
@neilmc1981 Жыл бұрын
Dude got a head start on Movember!
@smbcapital Жыл бұрын
Garrett was growing it out for a halloween costume
@joefeinstein6804 Жыл бұрын
Remind myself of this every day when I'm looking at range bound stocks that are NOT going to break out no matter how good the short term pattern looks.
@floooobzdagget3734 Жыл бұрын
I'm just here for the opening music.
@garrethdavis Жыл бұрын
Thanks guys
@smbcapital Жыл бұрын
you are welcome Garreth
@matthewclarke500810 ай бұрын
I'm just problem-solving each time I make a mistake, I analyse it and figure out what I'm doing wrong.
@Pathlogos Жыл бұрын
Hello, White Chris Rock with a moustache
@writeme4221 Жыл бұрын
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
@kdsweaty6945 Жыл бұрын
Thanks fellas.
@nd-kay3 ай бұрын
Again, so much to take away! Many thanks!
@Iron_headify Жыл бұрын
Garrett’s spreadsheet game is dirty
@pmtix9819 Жыл бұрын
I think i love SMB U
@sultanzamin6310 Жыл бұрын
What do you think about wti crude oil intraday scalping and day trading I do very well but a lot of the time price is moving to fast so price some time come back into my breakeven point and get my breakeven stops and thn move into my favour so that's get me tired but I love oil I can't leave em but I want to find a way to get rid of my problem thank you smb
@samiab6077 Жыл бұрын
One of the indicators used is v-cycle does anyone know what is it? 20:38 purple orange purple.
@JayThinksHappiness Жыл бұрын
i really like you guys - great chat
@BlaineyM15 Жыл бұрын
this gave me an "ah-ha" moment. god bless you guys
@inthemoment5943 Жыл бұрын
thanks for the video
@smbcapital Жыл бұрын
You bet!
@kevngu7256 Жыл бұрын
Love the mustache guy!
@notarealtrader Жыл бұрын
These guys are the super troopers of trading!
@michaelmike570910 ай бұрын
KZbin is like getting promises from a mother in law before the holidays or her birthday.
@MinotauroTrading3 ай бұрын
I trade and than i go back to the simulator 2 or 3 days after that day and make the same wrong trades. How the hell is that possible!!!!??
@markusthedrummer8143 Жыл бұрын
Jeff I appreciate you and SMB so much but please stop the uptalk. It’s impossible to listen to and a complete distraction.
@mr.b55835 ай бұрын
Was this filmed in Movemeber? 😅
@topdawg1692 Жыл бұрын
I hope this guy has the nick name, " the Walrus" and make millions.. ~go talk to "the Walrus"~Garrett 👨🏻
@lucjean5750 Жыл бұрын
Very helpful video, thank you gentleman!
@vladx3539 Жыл бұрын
so basically without knowing someone with a real winning edge, this whole vid is useless
@cookinthekitchen Жыл бұрын
No, but I've created my own really good strategy and I still lose
@Maria-cl7cs9 күн бұрын
Nice mustache btw
@AZA68199 ай бұрын
Holy mustache! 😂
@kevincraig25386 ай бұрын
BULL SHIT. - These are sales pitches. All these guys are doing is over complicating the conversation. The goal is to get the viewer to say "why don't you just trade this for me"