bit.ly/42fO8hk

Great video. I did that exact trade on $WAL. Bought at $12 and sold in the high $26 range. I was on the left side of the v and basically had no stop loss. In my mind I did but to be realistic probably not. Huge risk! You nailed it. Thank you so much!

Just what the doctor ordered. Great advice. Thanks Mike and Lance!

I'm in the SMB Capital DNA course. In the weekly review zoom call Justin explained Lance's V concept to me when identifying a support or resistance area. Since then I've been more consistent with my trade wins.

I really needed this. Love you Lance and SMB. You guys put out the best content for retail traders.

What a simple yet powerful concept explained so succinctly by Lance! Thank you!

I do agree this is the top KZfaq trading channel. You guys are awesome! Thank you for the education.

This is a great followup to the previous video on this! Thanks Lance!!

Thank you so much. By being exposed to this concept again in this video, I am really beginning to visualize this and can see the potential edge and relatively low risk trading the right side of the V. Much appreciated.

I'm quite good at "knife catching" when the structure deems it safe to do so. However, I've had more success letting the market show me it'll hold that zone, and then entering just above at a more minor level which shows acceptance back into some mean reversion centre.

Great video @TheOneLanceB ! In the last examples B also has less EV than A because the momentum traders who bought in A are Be/underwater, also the people who see the clear high are starting to short risking this one 😮 The best trades will never return to your entry point.

Love these videos. Thank you SMB!

Thanks Mike n Lance. Great clip. On Part 1 I may add to have a "buy stop" in just above where you wish to enter along with Mark Douglas' old adage "each period (trade) in the market is unique..." Thks very much.

One tip is start looking at your daily chart as a line chart, you can see the W's, V's, falling wedges etc.. I swing most of these now and typically want 3 weeks of consolidation but not always and measure most of these moves down. Pay attention to the break of monthly, weekly HI.Lows See $NSC, $GFS, $JNJ. $GD, $RTX and $QCOM have my attention right now.

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

Love these videos, they help a lot. Thanks

Great video. The changing probabilities underlies the problem with doing set-and-forget-style trade management. As the trade plays out, it is giving the trader new information that changes the probability of success and can be acted upon. For example if a breakout fails like in your ABC example, a wise trader can exit the position before price hits the stoploss and move on to another opportunity. A set-and-forget trader would lose all his risk plus slippage:

The value of this concept cannot be understated And spectacular explanation I’m now searching for all of Lance’s videos

I just spent the past 14 minutes getting told to trade with the trend and be mindful of my risk-to-reward.

Really excellent! Thx Lance.

Lance is the best educator on youtube

Great video thank you!!

Thanks! I have been waiting for this video, I think most traders intuitively know this, yet, hard to put it in practice, lack of patience is the #1 culprit!

Thank you for your priceless lesson video.

Watched a second time even better!!

Thank you, Lance

Had good understanding since I saw the V happen live in nifty index 5mins TF while watching your video in other monitor

the last 2 mins and 20 secs of this video ....... #gem

Valuable information 👍👍👍

Thank for sharing.

Brilliant as always, Lance - thank you. A video on how you decide on which stock to trade would be awesome!

great vid,, more of these !!!

Thank you.

Doing this with options is another ball park. Contracts gain value after the turn. Less risk sometimes if you buy early in anticipation of the turn when they are cheap

pure Gold...thanks Lance!

Thank you

Thanks SMB!!

absolutely amazing and made sense

great job lance

This single vid changed my life lol, its funny looking back.

Great video l!

Amazing detailed explanation. Indeed most people wouldn't even wait for the proper pull back.

Nice reminder for success

Thanks again for the video, You're right. You get a retracement level more than fifty percent. The likelihood of that trade working is low, I think it was Jesse Livermore. That's sad. He didn't mind paying up for good stock. IE paying for confirmation

truly priceless for us mortals, thanks dude

I have a friend that calls this Free Parking. Great video

6:30 Great info. 9:30 Good

awesome!

5:30 Determining the right time to take advantage of the right side of the V!

Break of Prior Bar HIghs (or lows).... but is that just any break or do you wait for the close of that breaking candle to confirm the trend change, since the break could reverse by the time the candle closes?

Gr8 vid lance. It makes sense on paper but for me in real time, I often find myself average bad prices when waiting for the turn and then get hammered or shaken out by HFT’s.. personally if I have strong conviction I like to wait for right side of the V with my entries but then add on the frontside when it drops or spikes.. maybe something to work on

thank you lance for dropping gold

The poker hand analogy really was an aha moment for me and such a great analogy

breaking news slide looks a lot like earnings after-hours chart, thanks Lance B

I do love me some upside V action.. lol.

I think knowing what the Daily ATR is really helps to figure weather expected value is good or not.

BEST!!!

Interesting entry.

Thanks Lance, Love you videos so many golden nuggets on all your input. Would you only apply this strategy to stocks in play I often see down lives that reverse at some point during the day would this be a good idea or just stick with stocks in play. Also I know volume bottoms which is a certain criteria of the most volume on the day on a 5 minute chart and then about 3% off it’s highs has pretty good probability for an up move trimming along the way with final target Vwap. What are the best probability plays on these reversals that you have seen? Thanks again ! on excellent trading information really love Lances takes and SMB capitals material.

Hi Lance, like your videos ! Bit confused about EV(A)>EV(B)>EV(C) at 10:54 timecode in the video. looks like Point A will likely have more false breakouts than Point B....newbie here. Thanks!

I buy both those points, Plus a few more points further down the V

Is there a video on how to calculate EV?

What time frame are you using

I know Lance loves poker analogies. One very unique difference is that in poker if you fold to your opponents flop bet, you never know what your opponent had and you also don't know what the outcome (turn and river cards would be). However, in trading if you "fold" (exit a trade early or avoid a marginal trade) you still get to see the outcome!! Many fish in poker are calling stations because their curiosity gets the best of them and they must call to see their opponents cards.

It’s called a market maker model.

What is EV ? How is it calculated ?

I want to achieve growth at this level and I am going to achieve it with a resilient mindset, thanks to your online videos and videos on psychology by Mark Douglas. Tapping on beliefs that I have but are below my conscious threshold.

Does this company trade Indicies ( SP500 Index for example) ?

Most trades don’t give you a chance to get in on the right side even though this is a common knowledge in the trading communities we still enter on the left side no confirmation no safety net just a level, and that’s what trading is if you can’t see the levels you won’t make it along side with a stock selection

What are some of the things you look for to confirm you are on the right side of the V?

How does one accurately calculate the Probability of Profit in real time? EV is king... but can we accurately know what the EV is?

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

2:10 what is a fintwick career?

1:12 "elite level capitulation trading" sometimes I feel that way, but I think we're talking about the opposite sides of the same trade 😂😂😂

Something is up with this video, the playback appears broken around 50 seconds.

This just happened on the $SPY at 2:09pm. I missed the opportunity to get back in though on the right side of the V, because I started looking at other stocks after I finished trading the SPY earlier.

Decent

Awesome video as always, could you guys please go into the nuances of this trade in a video that would be very helpful. lance has really helped in my trading and I'll be always grateful to the channel.

You are just giving examples of v's often a v becomes a retracement, or a double bottom or a reverse head and shoulders

So great, just the usual, if the trader is subjected by account extinction through "death of a thousand cuts", oh well, the trader was not selective enough..

He is like a politician. Art of speaking a lot but actually saying nothing or being redundant or extremely logical.

the logical fallacy here is that you assume you know when the stock has turned. what info are you using to know/improve odds that it has turned my dude?

Fighting the trend is 55% win rate? You lost me there 😂

You need to have a solid fundamental stranding idea first and then you can think of a trade. The expected value is not possible to determine by chart patterns but it is always determined by a fundamental analysis of the micro and macro economic environment under consideration of geopolitical developments. If your fundamental idea is indeed good you can buy on the left side of the V like all the institutions do. If you have no fundamental idea then you shouldn’t be trading a stock, no matter what you see on the chart. This video proves once again that SMB is a bunch of con artists trying to catch naive retail traders.

Not all of us have played poker. To better assist traders, it's essential to simplify your abstract conceptualizations. Otherwise, you risk defeating the very purpose you're trying to serve. Assume that people know nothing about what you're talking about.

ITS ALL THE SAME STUFF. trading is easy didnt you know

Gr8 Werꓘ Thx a Ton for the Post

Thank you