How to use wicks and other traders’ mistakes to our advantage.
Stealing from Jimmer Fredette
Jimmer Fredette is considered one of the leading candidates to be named Naismith College Player of the Year. I watched him play last night against SDSU. What a treat to watch someone with such advanced skill compete in an important game. Recently I caught his interview on PTI (below) and was struck by his training practices to become one of … Read More
Why I am Getting Stopped Out More? (Part II)
Yesterday we explained a trading algorithim on more desks that may explain why swing traders, retail traders, long-term investors/traders are getting stopped out more on their positions. Today we will explain another part to the algorithm that eliminates one possible adjustment. So as we discussed, say we are long at 30 with a stop at 29.84. One way to combat the algorithm that is … Read More
SMB Morning Rundown – January 27, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 1/27
Good morning traders, Not a lot to write this morning, because the scenarios we need to watch are fairly simple and clearly defined. First of all, world equity markets are most higher overnight. China, at 1.6% is leading Asia higher, and nearly all of Europe is roughly 0.5% higher. The real winners in Europe are troubled Italy (+1.5%) and Spain … Read More
Why Am I Getting Stopped Out More?
One of our new trainees noticed with frustration in his voice that he was getting stopped out more in his swing trades. Adam Grimes and I sat in my office discussing more little trades we were getting stopped out on intraday. I read about this complaint in the blogosphere and all things Twitter. Let me offer a potential reason. So you … Read More
@zentrader Reviews “One Good Trade”
@zentrader reviews One Good Trade
Traders Ask: How Do You Determine Your Risk/Reward?
Hi Mike, Just finishing your book One Good Trade with this take away. I am determined to master the skill of ‘reading the tape’, believing that to be the golden key to my future success as an intraday trader. Thanks for infusing me with new motivation. One question. I’m a little confused about how to actually measure the risk/ reward going … Read More