┌────────────────────────────────────────────────────────┐ │ YOUR TRADING PLAYBOOK TEMPLATE │ ├────────────────────────────────────────────────────────┤ │ 1. Setup Name: (e.g., Post-Earnings VWAP Hold) │ │ 2. The Catalyst: (What news is driving this stock?) │ │ 3. Chart Patterns: (Attach Daily and 5-Minute views) │ │ 4. Tape Signals: (What did the Level 2 show?) │ │ 5. Risk Parameters: (Where is the absolute stop?) │ └────────────────────────────────────────────────────────┘
Look back at your last 20 to 50 profitable trades. Identify the common denominators among your biggest winners. Were they gap-ups? Were they breakout plays? Step 2: Formalize the Best Setup the playbook pdf mike bellafiore hot
[Market Catalyst] ➔ [Volume & Order Flow] ➔ [Risk/Reward Formula] ➔ [The Playbook Setup] Chart Patterns: (Attach Daily and 5-Minute views) │ │ 4
Bellafiore emphasizes five critical variables that every trader must evaluate before entering any trade: Identify the common denominators among your biggest winners
Analyze the daily chart to find major support and resistance levels. Then, drop down to the 5-minute, 1-minute, or volume-weighted average price (VWAP) charts to identify the intraday trend lines. 4. Reading the Tape (Order Flow)