The Ultimate Guide to Exit Strategies (Prop Trading Firm Secrets Revealed)
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- čas přidán 29. 06. 2024
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#tradingstrategy #technicalanalysis #daytrading
00:00 - Introduction
04:27 - Momentum Exits
13:28 - Move to Move Trades
25:28 - Trades2Hold and Swing Trades
33:43 - Q&A
SMB Disclosures www.smbtraining.com/blog/smb-...
Day Trading Workshop (free) bit.ly/3NxZOWE
Good educational video for any level. What's your defintion of a higher low? There were about ten higher lows before your exit.
"When you set that arbitrary target your actually looking to tell the stock how much its gonna pay you instead of letting the stock tell you how much it wants to pay you." Very well put! ✅ I love you guys at SMB!
Recent videos have been jam packed with value! Love that even with a long video, it's just solid info and minimal fillers.
that's the goal!
You guys have some of the BEST trading videos online, thanks.
"i need the buyers to beat me" during a short is a statement that gives clarity. the ways to exit has always been a problem. after this video not only me, anyone can really apply these rules and practice and definitely become confident of exiting a trade. another phrase i liked is, " don't care what happens after you quit" let the exit prove you right or wrong; nevertheless not to care is an important statement which will develop the attitude of a trader and in fact it was repeated so many times. thanks for the great lessons.
😂 Man smb is the best trading educator on CZcams....
WHAT you can extract from each CZcams video depends only on how much you know already man hands down you're the best thanks man
This video directly helped me from giving back 25% of my profit this morning. I saw the pullback coming before it happened and avoided that massive red candle. Thank you - you guys are the absolute best!!
awesome!
I swear every new video from SMB lately has been tailor made for me! I have been working on my Reasons2Sell and this video just gave me additional tools to work with. Thank you SMB for all you do! And thank you Jeff for the clear concise delivery!
Glad it was helpful for you Mike
Love it, everyone focuses on entries, but rarely on exits. Your systematic/common sense approach to exit strategies makes perfect sense. 💯
Glad i found this video as the top search when typing "Trading exit strategies". 🔥
Very much appreciated, the quality of the content is just at another level
thank you!
My favorite part is at around 12:55ish on the AI example. "Wow, this is really gonna work!.... Ahhh man". We all know that feeling. On the constructive side, this is one of the best videos yet, thank you.
this is the best video i have ever seen about day trading
dan reitz
Great job Jeff on the discussion. The live pricing with your commentary is excellent. Thanks.
SOLID GOLD! I've been looking for something like this since I finally found a great edge but I needed a more objective/methodical way to close other than just at specific time of day.
Thank you so much for this video...I feel like I'm in the room with these guys.... Thank you Jeff
..every video here is like taking a class with the real deal movers ..love SMB
An added benefit to this good video would have been: where is the entry?
The reason to sell would have been triggered many times depending on where was the entry.
Exits are important. You know the bar by bar ; when she is working is valuable. Excellent job in summation. Keeping this one in my personal library to review.
Thank you guys! Must see for all traders, especially me! .Hadn't traded for a while, Grabbed 2 puts @$58on $SNOW Weds, decided to scalp, due to not being able to watch, made a whole $28, both went to $500+,by Thurs- left $900 on the table, ouch. Thanks SMB/Mike for all the education, will rewatch several times!
I'm curious why you prefer the EMA versus the SMA. Thanks for sharing!
One of my favorite videos, watch this like twice a week 😊
Fantastic content, can’t believe it is free on CZcams. Thanks team!
Absolutely incredible. Some great reasons to sell that I think will really help me stay in my winners longer. Thanks SMB!
Love the energy and passion you brought to this video, motivating. Thanks matey!
Great content, exit strategies have always been my Nemisis, after watching this video many questions answered and look forward to more profitable trades. Thanks Jeff for taking the time.
Keep going my guy you get your point across plain and simple
Really great video - immensely helpful to see these play by plays. Thanks!
thx Joe!
Hi Jeff, this is a very nice video. Absolutely spot on. And the way you explain it is really good. It helped me a lot, being the R2S probably one of my biggest problems! Thanks for that!
Wow, so well done as usual. Jeff, content and delivery just couldn't be better. Thanks you to you and SMB. Have to find some way to compensate you guys. Just doesn't feel right receiving all of this free wisdom. Thank you.
the last bit of Jeff was more conclusive!!! thanks again for the great stuff.
My eyes got so big when I saw that volume bar while we were looking for the blow off (BTC example). Loved the visual education. Loved even more rhat the training stopped when the point was made (exampling acceptance)❣️
Hey wanted to tell you. I watched this video late last night. Wow it's great. So today I've been following a stock that's been going down all day and finally at 1:49 Eastern Time it made its first Lower High and sure enough it's never gone lower since. So, I did not trade this but would have been a big profit maker. I will keep working on these and will keep watching your videos. I'd love to have your course but can't afford it at the time. But one good thing today. I made a $ + 90.10 in 11 Seconds. So very happy with that. Thanks Again for these Videos. They are such a Hugh help. :) Terry
What great content !! Thank you SMB!! I struggle with my exits more then anything right on time ! Love it
thx! created the video based on feedback, you are not alone
Holy Cow lol So, long then, if it doesn't close below the prior bar low. So simple. Wow, I'm going to code this and backtest for my algo! I'm only about 6.5 mins into the video and obviously have to watch the whole thing but I went straight to my chart and looked at my moves today; I exited 1 too early and I exited 1 a little late. This exact technique would have saved me a lot of heartache and made me a lot more money. I left like 7k to 8k on the table today (which I knew) and scalped about $2200. Greed and fear as always take a hold. But man, that's really excellent info. Wow. I'm kinda blown away. I need to backtest! I know you guys make great videos but this was specific to what I need right now and that was huge. Thank you! Subscribed!
This is the best trading video ever!!! Thanks for share with us and congratulations
Of course it's SMB casually timing the exact yearly high of Bitcoin.
Love the value, keep it coming!!! Also the conversations between advanced and developing traders needs to be brought back!
Thx Jeff for taking the time to put this together.
you are welcome, definitely a lot of work went into it
Thank you SMB!!! Powerful stuff.
Very welcome
Always great teachings. Thanks 🎉
A very informative video so far ... please let this trader do more sessions like this one
Another great educational video!
Thank you SMB folks. You Rock! This is incredibly useful content which clearly, prescriptively, and concisely targets the main area of my many trading opportunities! It is by far, imho, one of the best you've produced, like a finely tuned organization you have delivered consistent higher highs...
oh wow thanks so much Frank! good to know for what we produce next
Gold standard quality. Excellent help.
Much appreciated! 👊
Wow! Thank you... great video!!!!
Excellent video!!! Very comprehensive… I wish I learned those techniques years ago! Keep ‘em coming
never too late to learn
Thanks SMB, great content!
much appreciated!
Google seems to know where I studied up to and recommend videos in time for the exact content I needed the most. Thaks Jeff for the video. I have sold earlier for at least more than 5 super strong stocks in the latest run😅
Great video please keep doing this kind of learning very educational
Thanks for the video, I learned a lot!
I use a two candle trailer
BRILLIANT VIDEO! Thank you!
thx!
Thanks SMB so much value 🔥🔥❤️this video is helpful I will need to save it and watch it again when I get off work ✊🏿 Can y’all please 🙏🏾 make a video to identify a choppy market. There are days where I would just love to sit back and don’t take a trade. Love ❤️ y’all.
Great stuff thanks guys!
Wow I wish I had watched this yesterday it would have saved me two different losses. Thanks
for future losses now
A really really helpful video!!
8:59, though that was the first red bar, however it was a hammer candle, and very low red volume too. Sounded like it was worth waiting for that next candle to confirm the direction.
This is not a better example to illustrate the first red/green exit.
Those upper wicks were ‘first warnings’ of a potential pullback or reverse though.
Great content brother❤, thank you so much 🙏
Thanks , very good insights...
You guys should put more of these videos in The Winning Trader program. I did the program and while reasons2enter are well explained I think reasons2exit could be more intensive as well as risk management.
thx for the feedback, will let Rose know who helps handle the backend website stuff
OMG this is what I needed ❤
smb best in game ❤
Great content! Thank you
much appreciated!
This continues to be my number 1 channel for trading content. As always, I am forever greatful!
This should be the only channel for trading content.
Great video!
How about a "top 10 ENTRY techniques"??🤘
Hi Mike for me personal the most valuable video behause I have a high winrate but still not profitable because my wins didn‘t cover my loses due to the fact that I cut my wins way to early🙈 we will see if theses tips help me on my journey to grow. Thanks for the great content you and your team share with us. Yesterday I said to my husband if I were 25years younger I would take the Chance for a paid 1//2 year training 😊please keep doing these very helpfull videos 🙏Sandra
Thank you for the videos!
you are welcome Joshua
Thank you 🙏🏾
Thank you 😊
Awesome video. Very informative 👏🙏
Glad it was helpful!
man i love jeff just seems like a really cool guy
Thank you
of course!
Very good video.
Fantastic class 🎉
Glad you enjoyed it
Thanks for the insights ! The last Tesla example around 50:00 minute mark where you felt the change , is that more intuition ? Because price earlier at 12:30 on the same chart looks pretty similar
what's the reasoning behind the "ding, dinner ready" exit?
It’s really a capitulating exit. We need a better name for it so if you come up with one, share it and let us know!
❤🎉 Thanks jeff 🌹
cool stuff you guys should have some really profitable traders all strategies where awesome
thanks
are you taking a piece off to lock in some gains or are you surfing the trend all the way? Great lesson btw- instant classic
each trader will be different. Some like to take off some size shortly after being in the trade to cover the initial risk
Good stuff. Instead of drawing multiple "accelerating trend lines," couldn't you use the 9EMA? When the bar closes below that, close the trade.
Any thoughts on a trailing AVWAP exit strategy. Watching for a bar to close below the AVWAP off the move. Readjust with each pull back in the move. Be curious to hear SMB thoughts on this?
Would be interested to know if you use the same exit strategies for futures trades.
should work for futures as well
Do you have a general rule for how far back in time you look for potential supply and demand levels on a higher time frame chart such as the daily?
It likely depends on what time frame you are looking at. If its a daily then you could go back months but for a 5 or 15min you shouldn't be going back months in advance. The shorter the time frame the shorter length in time you should be looking back
@@smbcapital Thank you for the prompt response!
Question to pros: what's best 3 Emas to use for crypto trading (I trade 4h)?
Great vid. You lost me on the higher low exit as I saw many exits prior to the one you took. What are you looking at for a higher low?
Same here. I'm racking my brains saying what am I missing? I've seen a few higher lows prior to the exit.
24:10 can you clarify what the definition of “put in a higher low” is? I see so many of them before you made your exit. How do you know it’s the one in real time? Does it have to do with volume as well as price?(Thank you so much for this video, it’s so great!!!)
it has to do with consolidation and how aggressive the buyers are. usually it will start to feel like a higher low, ok i'm above to get out and then sellers come in and push it down. usually when i think it's gonna make a lower low and DOESN'T and then buyers start coming in that's your reason2sell
@@carrd3971 aha! Thanks so much for the reply!
Hi, great tutorial's can i ask is this a 1 min chart you are using?
yes most are 1 min, the timeframe should be indicated in the top left of the charts, 1, 65, 15 (min) and the 1D = daily
Would recommend some prop firms for trading stocks
Mike at the end of all these vids you really are a killjoy :))
what time frames do most of your traders use at SMB Capital. It looks like 1 min chart. Is this correct? Do many traders at your firm trade the 5min?
what indicator setting in tradingview do you use?
you don't need candle analysis bc you have a tape in front of you... exit your trade if you see opposite volume coming out it's working much better than any patterns....
What time frame do you use
Do some of your traders use this with a 2 min chart ? Thank you !
Yes some do, comes down to mostly preference between the 1 and 2 min
This morning i've exit a trade "hitting the top of the screen" (feel like a Genius) 😅
we'll add that as #11
how about "if i close the trade now, i can make back my previous loss" 🤦♂
What are these candles on 1 minute 5 minute
what if your first red candle is 100 miles long. see. doesnt work
🙌🏾
oh yeah this video has all the cookies in it.
thanks a lot!!