For those of you who are avid fans of the NBA you have probably heard the stories of how Michael Jordan use to practice as a member of the Bulls. He was totally cutthroat. It was not uncommon for fisticuffs to breakout between him and some of the bigger players on the second unit during scrimmages. He hated to lose … Read More
Trading Quote of the Day – June 30, 2010
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” Ed Seykota
SMB Morning Rundown – June 30, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
How to Find a Hot IPO: TSLA
One of our new traders poked his head into my office yesterday and asked,”What do you think of TSLA?” I had read a few things about the IPO but nothing that led me to think it would be especially hot. The whole electric car thing is cool but I didn’t feel the hype (think huge margins and a ginormous upside … Read More
Trading Quote of the Day – June 29, 2010
“This (Trading) is not a job where you get paid by the hour. You get paid for doing the right thing.” Vadym Graifer & Christopher Schumacher, Techniques of Tape Reading
SMB Morning Rundown – June 29, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trading Quote of the Day – June 28, 2010
“When reward is at its pinnacle, risk is near at hand.” Jack Bogle
SMB Morning Rundown – June 28, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.