Day Trading Education & Training - Preparing for your big trading opportunities (even when you don't know when they will show up)

SMB's Free Workshop https://bit.ly/3J7SzRa #smbcapital #stockmarket #daytrading Key Takeaways - Event Driven Trading divided into 3 categories (Anticipation, Breaking News, Follow Through) - News doesn’t reach everyone at the same time - The follow-through of this trade is really important compared to when the news actually hits - VTV is an ETF for an overall basket of value stocks - SPYG is an ETF for an overall basket of growth stocks - React to the catalyst and focus on the intraday or multi day opportunities that we get - Institutions may be feeling a little bit of heat already with growth stocks or stay-at-home stocks in recent times compared to the COVID-19 Pandemic of 2020/2021 - On a breaking news trade, to confirm the bias of the trade, Jake looks for range expansion in his biased favor - Even with the most significant news for a stock, there needs to be volume backing up the news - With a breaking news trade, one thing to keep in mind is the rebuttal from the company. Just mainly the amount of time it takes for a rebuttal to be mentioned - Jake realized in this case that it was a mistake to get flat when he did rather than reducing risk and locking in profits Quotes - “For a company like Peloton, where they need to justify their valuation based on growth projections, stopping production is a huge red flag” - “If you’re halting production, you can’t sell the inventory you have and you’re not showing enough potential demand going forward” - “As far as a breaking news trade goes and not necessarily positioning myself for the long term, it’s an instant decision. I don’t have much time if I want to capture it for a good risk to reward trade” - “I’m looking for a very quick move” - “Something that Shark has always said that has stuck with me is Energy Behind a Move” - “You want that controlled aggressiveness” - “This is my trade. I’m going to be aggressive in a controlled manner” - “It’s about how you do this right or better the next time” *SMB Disclosures* https://www.smbtraining.com/blog/smb-disclosures