A Trade You Must Be In

BellaGeneral Comments4 Comments

On our desk there are trades that you must be in. There are setups that if offered by the market you must exploit. You should have a list of the trades that you must be in. And if this trade results in a loss you are not annoyed. In fact you are grateful for the opportunity. There are trades where … Read More

The Day Doesn’t End Until 4

BellaGeneral CommentsLeave a Comment

One of my favorite phrases on our prop desk at SMB Capital is: the day doesn’t end until 4. If you start negative then you have the rest of the day to make it back and then some. In this market there is so much opportunity it is a waste of energy and irresponsible to get down after a few … Read More

A Bet That Paid Off

sspencerGeneral Comments, Steven Spencer (Steve's) BlogsLeave a Comment

My primary focus for the past few years has been making money intraday.  But occasionally I observe a pattern that causes me to take an overnight position.  Around 10:30AM on Friday FNM had a very powerful breakout through $12.  It topped out around $14.  During the afternoon there was some selling and it traded as low at $12.40.  But during … Read More