Learn the top 3 trade setups we are using on the desk here: tinyurl.com/4zy5878f
@chrisbova9686
3 ай бұрын
Did Mike go to Massapequa HS?
@vegasjosh8249
Жыл бұрын
Summary 1 Trading S&R without knowing the Market context I thought this was a good support level, but got stopped out immediately The whole market was down for the day and trending DOWN Without looking at the chart, ask yourself, how do you have support and resistance on a downtrend day? You DON’T On an individual stock, especially an Index Stock, compare the STOCK to the QQQ or SPY If the whole market is going UP, and your stock just took a dip, there is a conflict 2 Treating every level the exact same Volume is VERY important Even if the Price Point is the same at a breakout level, the VOLUME is WAY more important Know how to SIZE your trade. Small Volume = Small Trade. Large Volume = Larger Trade 3 Not knowing the really important levels Back up and look at Support and Resistance Levels, 1 day back, 5 days back, 10 days back, 30 days back Support and Resistance should be looked at on the one day chart. But, compare that to previous day levels Look for the KEY areas of Support and Resistance 4 Not Considering Volume When you have a move UP into Resistance, look at the VOLUME No Volume, No Trade 5 Not taking the trade from your Playbook once you see the right setup
@11Andruxa
6 ай бұрын
Thank you
@AfricanWifeinPakistan
5 ай бұрын
Thanks for writing this out. Read every single line. 🎉
@gracereceive
3 ай бұрын
@@AfricanWifeinPakistan really helpful. The narrator preamble was extremely long. Great summary
@Vemrah
Жыл бұрын
This is possibly the most important video on trading i ever watch on youtube... Thanks for your time and effort ..
@SidaliTemkit
Жыл бұрын
SMB are one of the rare, if not the only ones, that gives the WHY and HOW; and not telling you to simply wait blindly for a list of confluences you can't explain. Thanks a lot SMB.
@probingone8810
Жыл бұрын
I am not a member of this organization, BUT this is a really important lesson. Thank you for putting this out there in the universe for the rest of the trading community 🙏
@soprossok2910
Жыл бұрын
This is one of the simplest but the best lessons. Thank SMB for sharing.
@pedropablopimientaperez96
Жыл бұрын
Thank you so much for sharing ,SMB Capital always providing great content with us retail Traders❤
@smbcapital
Жыл бұрын
thank you!
@joefeinstein6804
2 ай бұрын
Listened to this talk again 10 months later and got a ton of value. I really understand these points now, having gone through SMB's training for the last 9 months. Some great pro tips here. Plus what Jeff says at the end is profoundly true: bad habits form quickly and we are mostly unaware of them. A good dynamic process identifies mistakes the first time and implements immediate change, plus recognizes success and continues on the successful path.
@JasRoss
Жыл бұрын
I've got am entire monitor dedicated to macro. SPY, TICK, QQQ, DXY and a handful of yield rates all to glance over to see where market sentiment is at any given moment. I have had great ticker setups, but learned very quickly not to try and trade against the overall market. It is like trying to swim upstream. Your setup might be great, but the macro headwinds take that trade completely out of play. Just something to keep your EV skewed in your favor.
@se7enthsoul
5 ай бұрын
What if you trade SPY and Q?
@ChyeHeng17
26 күн бұрын
I started doing this more after SMB mentioned this many times and it made sense, Regarding your setup, isn’t monitoring e.g SPY would be enough? I just open SPY to see the overall market sentiment just like you mentioned, it’s been a game changer for monitoring the bigger trend as a reference.
@Kaitrader
Жыл бұрын
Without doubt the very best trading channel by a long shot
@Jaysnipes
Жыл бұрын
Watch these long videos on 1.25 speed or 1.5 speed. Much better.
@ChyeHeng17
26 күн бұрын
Especially Mike as he speaks very slow and clear though.
@tadpoleman3879
8 ай бұрын
Good job explaining this concept MikeyB.
@claytonkimbrew9100
Жыл бұрын
I literally made the same mistake on AMD😅 I can’t sincerely thank you enough for laying these out. I know I’ve been making the same errors, but just didn’t fully understand how to categorize and track them. So, this is a tremendous help.
@erikrosalez3041
Жыл бұрын
This content is invaluable guys thank you for putting it up for free!
@markofny
Жыл бұрын
Thanks for posting this! Yeah, going long or short on medium to large caps and NOT paying attention to what the market is doing or ignoring what the market is doing is a big big mistake. It was also so important to point out that there is a BIG difference between a breakout off of important level at the market open vs later in the day AFTER the stock has already made a big move. Past that point, I'd just be scalping these moves at best. More likely, I wouldn't even trust those breakouts and wait for the breakout to fail, retrace new support and only enter into it once I see continuation off of new support. Yes, I may miss out on an even bigger move, but getting into what is likely to be an exhaustion move is too risky and can be very costly.
@Bethune_Groundstaff
Жыл бұрын
Well put
@ggvartanian
Жыл бұрын
Really good video, Jeff. During your intro, it felt as if you could’ve been speaking directly to me, addressing some of my biggest mistakes. So this one really resonated with me. Cheers for that.
@cchoi108
Жыл бұрын
Super super helpful. Wow I made these mistakes all the time except for the first mistake.
@audioface420
Жыл бұрын
As someone finally getting a clear vision on trading S/R levels. I’ve def made all these mistakes. Great video 👍
@BagHolder323
7 ай бұрын
I like this guy specifically. He doesn't read what he's spoonfed. He knows what he's talking about.
@joefeinstein6804
Жыл бұрын
Awesome talk, thanks Jeff!
@smbcapital
Жыл бұрын
You bet Joe!
@soprossok2910
Жыл бұрын
Good lesson! Thanks for sharing.
@traderryan713
Жыл бұрын
Ya for sure... I got a few problems figured out, no real solution i implemented yet, just awareness and trying to get better. 1. I dont stick to plan a lot of times in my mind i know where proper risk is, but i stop out prior. 2. my real mental stop is too tight 3. My avg winner hold time is too short.
@omotayookediji3461
5 ай бұрын
this was a great lesson!
@thinkpod4543
7 ай бұрын
Eye opening video
@shashankpandey4786
Жыл бұрын
mistake no 3 and 2 are really very important
@sadako2009
Жыл бұрын
thank you for your invaluable sharing SMB! I liked that alot..As a forex trader, if i dont have reliable volume per se to gauge, what are/is the next best thing i can look at other than volume?Thanks!
@borneotrades
Жыл бұрын
I compiled in "Book Of Horror" learned from Trader Tom all these kind of trades.
@Tom-ih5rz
Жыл бұрын
Great advice, thanks SMB
@rewritereality394
Жыл бұрын
Thank you
@jasminexthai
Жыл бұрын
Great video thank you!
@smbcapital
Жыл бұрын
Glad you liked it!
@remiandrepedersen868
8 ай бұрын
I have never understood what is the point of volume indicator since one sees the same thing in the chart anyway.
@yesorno4147
7 ай бұрын
Markets trend 20-25% of time 75%-80% go in a trading range Set up you’re interested in must align with market conditions If market is trending, then forget support/resistance levels Likewise, if market is choppy/trading range, then forget using trend following indicators such as moving averages. Finally , must be aware of 10 days ATR ( especially for day trading)
@yoginacharya2150
Жыл бұрын
Nice video 👏
@MarketStoic
Жыл бұрын
11:20 - what percentage of the trader's account should be allocated to this NVDA breakout trade at $430 at the open when it broke out then? (was that Wednesday 12 July 2023?)
@davidprice9265
Жыл бұрын
I felt like it was me ,you was talking to
@abracoworld
2 ай бұрын
What are signs of extreme selling?
@miguelmctrades
Жыл бұрын
Thanks great to keep of this facts on mind
@nabeelsiddiqui5724
Жыл бұрын
This video Definitely would’ve helped today. Tried fighting the trend and finding tops and got smoked😢
@johnalderson3566
Жыл бұрын
Never counter trend trade unless you like to be poor. Always trade with the trend. ADX indicates trends 20 and above is building trend day. Above 50 Strong
@estodignus
Жыл бұрын
is this chart Trading View, or it’s an SMB proprietary platform?
@helloworld6330
Жыл бұрын
8:30 at this moment QQQ looked like a possible bounce/morning reversal set-up, and if this reversal took place then he would have had the broad market wind blowing his sails. it was 50/50 choice. right? why were you so confident that QQQ would continue selloff from 9-45am?
Like the video title but after 5 minutes still nothing to do with the title…couldnthe intros be shorter?
@eresmathias8058
Жыл бұрын
Is this for a SHORT bounce or dip bounce?
@tadpoleman3879
8 ай бұрын
Jeff either needs to use a bigger mouse on his screen where students can see where and what he is talking about on the charts, or make sure he is using his mouse while he is explaining where he is talking about on the chart. I'm watching this on a smartphone. I can't tell heads or tails where on the chart he is talking about. 😢😢😢😢. Then the cameras flip back and forth off the chart back to him, then back to the chart several times. I've rewound this several times and still get lost on his explanation. Wish my eyes were better than 20/20. Jeff, I love you, brother. You, Garet, and Mike B. Are three of my favorites. Just saying!
@TheWrd_OfGod
Жыл бұрын
One thing that traders do wrong like you said in a video before is most traders trade levels which is wrong you need to trade areas because most traders start putting there stop Wright below there level so they get stopped out
@johnalderson3566
Жыл бұрын
Very true your stops are hunted because millions of other traders are doing the same so big money slams just outside supply and demand zones because that's where all the money is just parked for the taking. Then they rip it back the other way! Always place your stops past the wicks or you will be stopped out like most.
@TheWrd_OfGod
Жыл бұрын
@@johnalderson3566 yes definitely agree
@lightkirsche
Жыл бұрын
reversion instead of trend or just looking at price instead of setup. I was in the same shoes, novice mistake. yup, trend.
@kaasifrizvi388
Жыл бұрын
Can International candidates join ur desk ?
@MynameisntEricK
Жыл бұрын
Low break of the daily pattern was a poor trade. The R:R was there, however it wasn't as high of a win rate vs the gap close reversal that was setting up. He forced a setup. Taking market dynamics out of the equation, it's a bad trade. Factor the overall money flows, you had a HORRIBLE trade. This reminds me of guys in the covid boom who simply bought dips, yet slowly bled out now that their old style doesn't work. Combine that with reading the highest RVOL in the previous failed push on the daily, you should already know that it was going to trend down for a bit.
@Fenix_Trader
Жыл бұрын
🙏❤️
@tonycrouse6544
Жыл бұрын
As you know, the market can stay irrational longer than you stay solvent. So much is random chance.
@alexanderpetrenko79
Жыл бұрын
Mistakes start at 5:16
@AnnaLia120
11 ай бұрын
Only thing i hear for first 5 minutes is Mistake, miatake and mistakes..
@rogisotnas
Жыл бұрын
Is shark still there?
@smbcapital
Жыл бұрын
Yes he is!
@rogisotnas
Жыл бұрын
@smbcapital very nice video exposed all my most common mistakes! Thanks!
@cjdigitallife7611
11 ай бұрын
I Want To Be The Best Person And Most Successful I Can Be ! My Mindset Is, I Want To Have A Premierships Mindset In Trading 😃 By Using Sports Analogy. I Do It Daily Week Days and Weekends ! Trading Is My Life Now !
@daytradinguzb
7 ай бұрын
I had problem with mistake 5. Had idea about trade right but to hold on to trade was a problem. Anyway great video.
@NupeAtl
8 ай бұрын
Pain = Millions
@hornomat6099
28 күн бұрын
First 5 min waste of time
@rocloerocloe4702
Жыл бұрын
Omg. First 5 mins of this vid just repeating how big of a problem this is. GET TO THE POINT!
@suad1007
Жыл бұрын
Clearly someone has an extreme lack of patience. Please do not trade you ain't made for it.
@rocloerocloe4702
Жыл бұрын
@@suad1007 ok you’re missing the point. If you want to make a quality YT video, don’t have an endless teaser. It only annoys people. There’s plenty of other content out there to watch than to waste 5 minutes on a intro. Content creators do this to increase watch time for monetization.
@ChyeHeng17
26 күн бұрын
@@rocloerocloe4702others maybe. For SMB Capital, they don’t care making money from KZitem, he’s just passionate in explaining, They have funnels to their premium courses, trading tools and eventually the ultimate hiring traders to trade their capital. Just skip those intros, which I did if I don’t need it.
@chrisv9977
Жыл бұрын
The biggest mistake is to use support/resistance in your trading at all. The big money don't care about historical levels and no hedge fund is going to look at "support/resistance". It's such a waste to sell a position at a "resistance" level when you have a strong idea that the stock may finish much higher. It's the biggest way in my opinion to kill your P/L. Technical analysis overall is BS in my opinion tbh. I have been a losing trader for 1.5 years trying to trade the tape/technicals and anything inbetween and I am now profitable (based on fundamentals & big picture) and I don't look at ANY technicals. You'll be so much better off removing them from your charts. This is just my opinion though, whatever works for you
@maximusk545
Жыл бұрын
Sounds like sweatshop you are running there 👎🏻
@ShilanKaria
Жыл бұрын
Hi there, Could you also recap the 5 trading mistakes points and list them out in the summary via bullet point headings and/or post them in comments as well for easy future reference? @SMBCaptial Thank you
@Cheetobob
2 ай бұрын
Skip to 6 minutes and then you can skip through. A lot of useless blabbering
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