Archive for June 2010
Jun 30th, 2010 |
By sspencer |
Category: Steven Spencer (Steve's) Blogs, Trader Development
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 that much!
One of our newer trainees has a Jordan like work ethic. Of the dozens of trainees we have worked with during the past few years he is by far the most fully engaged in learning the craft of trading. He wakes up 5:00AM each morning to make sure he can be at the office no later than 7:30. He never misses a weekend video review session. His daily trading journal
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Tags: be, like, mike Posted in Steven Spencer (Steve's) Blogs, Trader Development |
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Jun 30th, 2010 |
By smbcapital |
Category: General Comments
“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
Tags: day, of, quote, the, trading Posted in General Comments |
1 Comment »
Jun 30th, 2010 |
By smbcapital |
Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
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Tags: 2010, 30, june, morning, rundown, SMB Posted in Trading Ideas |
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Jun 29th, 2010 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
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, that an analyst would have trouble calculating- heck think GOOG circa 2004).
"Who is the underwriter?" I responded.
"Goldman and Morgan." (GS MS and JPM were the underwriters)
"Hmmm. Well that is who you want as the underwriters. What is price range for TSLA?"
"14-16."
"OK well we want TSLA to open above that range. And then hold above this range."
Young Gun Leo said ok and then
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Tags: day trading blog, hot IPO, ipo, prop trading, smb capital, tsla Posted in Mike Bellafiore's (Bella's) Blogs |
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Jun 29th, 2010 |
By smbcapital |
Category: General Comments
“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
Tags: day, of, quote, the, trading Posted in General Comments |
No Comments »
Jun 29th, 2010 |
By smbcapital |
Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Read more [...]
Tags: 2010, 29, june, morning, rundown, SMB Posted in Trading Ideas |
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Jun 28th, 2010 |
By smbcapital |
Category: General Comments
“When reward is at its pinnacle, risk is near at hand.”
Jack Bogle
Tags: day, of, quote, the, trading Posted in General Comments |
No Comments »
Jun 28th, 2010 |
By smbcapital |
Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Read more [...]
Tags: 2010, 28, june, morning, rundown, SMB Posted in Trading Ideas |
No Comments »
Jun 27th, 2010 |
By Adam |
Category: Adam Grimes's blogs, Technical Plays, Trading Ideas, Trading Theory
The first in a series of blog posts on the building blocks of technical analysis
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Tags: 1, back, basics, many, of, part, to Posted in Adam Grimes's blogs, Technical Plays, Trading Ideas, Trading Theory |
7 comments
Jun 27th, 2010 |
By Bella |
Category: General Comments
We learn in Game Change that John Edwards rose to serious presidential candidate with a pregnant mistress. He was running as a devoted family man. In this same book we learn that John McCain's staff legitimately wondered if Sarah Palin was psychologically stable, yet she was the VP selection for the Rs. Everyday trading gurus go on TV and make calls about the market. How do we know if these people are legitimate?
Last year we were approached by a middle-aged, handsome, articulate, in his words "experienced options trader". He was interested in our virtual training, expressing his desire to learn another product. A day into the program he shot us a long email detailing some overnight
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Tags: and, change, financial, financial media, game, game change, media, prop trading, smb capital, the, trading Posted in General Comments |
8 comments
