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.
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.
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!
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
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.
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.
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”!
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. 👍
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....
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.
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?
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.
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.
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
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
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
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.
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 :-)
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!!
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
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.
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.
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
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?
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"
just cause you have your grandmas recipe, doesn't mean you're gonna cook it the same way she does.
no one can cook as well as grandma
@@smbcapital You’re absolutely right, but there are certain fundamentals that grandma always followed and we’re going to give you those fundamentals
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.
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.
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
Would you think about taking a short position in those scenarios, or is it not consistent enough to add to the playbook?
Okay. I'm about 9 minutes in and the first thing that comes to my mind is . . .
Spit it out!
I couldn't wait to watch it, I clicked it immediately I was notified
This is like 'This Old House' but for trading. I love it.
a classic!
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!
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.
Tape reading and chart patterns recognition has help me a lot especially on TOS platform. You guys are dropping liquid gold 🗣️
why liquid?
Really, really appreciate all of the content you all provide. Can't get enough! There are gold nuggets hidden in every video.
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
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.
Good stuff. Context + money management are part of the process to PROTECT YOU from YOUR own PSYCHOLOGY!
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.
absolutely right!
@@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?
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”!
Glad it was helpful Clayton
One of SMB’s best ever. This content is gold.
thx Pete!
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. 👍
bucketlist: trade on yall's desk
👊
Have to add great video learned important information! The strategy within the strategy!! 😀👍
Interesting new video format! Nice job Kurt. Also great video all around.
thx Cameron! trying to keep things fresh
Very helpful video, thank you gentleman!
Solid video, easy to understand. Gracias :)
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....
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.
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?
@@dooleyh158 100% yes I have
@@dooleyh158 I do, but what can you do when they are offering these services for "free."
How does someone learn to read the tape . Like any suggestions ( through a book or you tube videos)!!
Man. Garrett’s stach is epic! First video I’ve seen with him rocking the stash.
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.
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
this video is long but the discussions built into the lesson impactful thank you!
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.
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
Two Legend traders. Thank you for your videos
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
Again, so much to take away! Many thanks!
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.
great to hear Shane, we should do more like it
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
Garrett = the younger and hipster version of Steve Spencer. Good to see steven spencer's lil bro again!
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
Thank you for taking the time for the trader community!
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
What a great discussion with tons of value!! Thank you!!!!
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
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
absolutely!
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.
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
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 :-)
hahah yeah Merritt had a good one
Thank you so much for your time Gentlemen
You bet!
Garrett’s spreadsheet game is dirty
The only gurus I pay attention to are the SMB clan.
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!!
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
Great info. Thank you
Glad it was helpful!
I'm just here for the opening music.
I think i love SMB U
Thanks fellas.
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.
thanks! What we are striving for!
Such a good video. Thanks guys.
thx Vance! We need to get more of Jeff and Garrett together
i really like you guys - great chat
Hello, White Chris Rock with a moustache
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆,.,
Dude got a head start on Movember!
Garrett was growing it out for a halloween costume
Thanks
⬆Appreciate your audience! For supporting I'll share with you some beneficial insight. Let's converse with the number above ⬆
Love the mustache guy!
this gave me an "ah-ha" moment. god bless you guys
These guys are the super troopers of trading!
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.
I'm just problem-solving each time I make a mistake, I analyse it and figure out what I'm doing wrong.
thanks for the video
You bet!
Thanks guys
you are welcome Garreth
CZcams is like getting promises from a mother in law before the holidays or her birthday.
One of the indicators used is v-cycle does anyone know what is it? 20:38 purple orange purple.
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
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?
@@realruggeddiy My question has nothing to do with this video
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!!!!??
No, but I've created my own really good strategy and I still lose
Was this filmed in Movemeber? 😅
I hope this guy has the nick name, " the Walrus" and make millions.. ~go talk to "the Walrus"~Garrett 👨🏻
Holy mustache! 😂
Jeff I appreciate you and SMB so much but please stop the uptalk. It’s impossible to listen to and a complete distraction.
so basically without knowing someone with a real winning edge, this whole vid is useless
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"
So much blabbering just get to the point