“Help Me Help You”

sspencerSteven Spencer (Steve's) Blogs, Trading TheoryLeave a Comment

One of the amazing benefits of being part of a prop desk  is that we all make more money individually by sharing ideas. Important levels are shared via call outs on the desk, via our intraday alerts software, during video review sessions (VRS), and during our Stocks In Play call before the Open. It’s a constant battle to get those … Read More

Piker High Bid and STJ (From the Mailbag)

BellaGeneral Comments7 Comments

I received this comment about my last blog Second Day Play- STJ.  Let’s discuss. Bella Very interesting and insightful blog post, i have some questions 1.Why did you not get long as mr.piker high bid stepped up, does that not indicate that break above 34.00 is more likely? 2.like you said the upper range from the prior day is 34.25, … Read More

Reading the Tape: Trading into a Position

ajamesGeneral CommentsLeave a Comment

Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about using tape reading skills to trade into positions. Gman discusses how to use tape reading skills to have more conviction in your trades, even if stocks never get to your dream prices. You can read the full article here.