Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
SMB Morning Rundown – June 23, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
A Trade Idea For Tomorrow
POT has been a pretty good trading stock recently. After putting a double bottom in place on June 8 it traded up about 10% before establishing a fairly wide trading range between 98 and 101.60. Today it close below 98. I will look for more downside tomorrow using 98 as my initial short price in the morning. I’m looking for … Read More
Traders Ask- When Do You Buy? (Breakout Trade)
I received these questions from Reader Renato: Hi Mike, Hope this mail will find you well. I watched your stocktwits video on breakout trades (AEM trade). Since that is one of the setups I find most appealing, decided to ask you something. Very often, breakouts don´ t offer a lot of opportunities to enter the trade, since there is a … Read More
SMB Morning Rundown – June 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: How Do I Make Adjustments?
I received the following email from trader Angel: Hey Mike! I hope that my email finds you well. I have topic that may benefit some other readers as well. It’s about re-inventing the wheel. Back in april and early may I was trading very well. I had multiple $1,000 days and even a $3,000 day. However, when the volatility increased … Read More
SMB Morning Rundown – June 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trader’s Ask: What Do I Gain From Video Recording My Trades?
I received this question from Reader Viktor: Hi, guys! I’m learning to trade, and i’m going to video record my tape. My questions are: what should i watch during my VRS of the tape? Bids, offers, size prints, mbe smth else? What exchanges should i watch in the box? During the trading day in active stocks among nyse, arca, inet, … Read More