Mike Bellafiore realized that most traders fail not because they lack discipline, but because they lack a concrete . They sit in front of a moving chart and ask, "What do I do now?"
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This is a favorite among scalpers. The market traps breakout traders. A stock breaks to a high of the day, triggering buy stops, then immediately reverses lower. The Playbook provides the specific tick-by-tick action: if the stock trades above the high for less than 30 seconds and then trades back below that level, you short with a tight stop.
You won't.
Mike Bellafiore realized that most traders fail not because they lack discipline, but because they lack a concrete . They sit in front of a moving chart and ask, "What do I do now?"
This response uses data provided by Google's Knowledge Graph Go to product viewer dialog for this item.
This is a favorite among scalpers. The market traps breakout traders. A stock breaks to a high of the day, triggering buy stops, then immediately reverses lower. The Playbook provides the specific tick-by-tick action: if the stock trades above the high for less than 30 seconds and then trades back below that level, you short with a tight stop.
You won't.