I wasn’t planning on trading AIG. I thought SEED would consume most of my attention. Actually I thought I could establish a decent size position in SEED, sit back, and enjoy the ride. I would let the MoMo hedge fund traders do their thing. Who am I to get in the way of a low volume market pattern? SEED … Read More
Reflections on Black Friday: Market Psychology
At 5:15 AM I awoke Eastern Standard Albany Time. I was in Albany, New York about to take a borrowed car to the Amtrak train station to the subway to my office trek. Door to door it took me just under four hours. I was the only one awake on Amtrak from Albany to Penn Station as I was preparing … Read More
Black Friday Close
Into this Black Friday Close today we are paying special attention to some key levels in SPY: 110 is our biggest intraday level. below 109.75 I will lean short. We are watching the market leaders: AAPL (winner Best Intraday Stock for today), AMZN, GS, POT, JPM. And now we just started watching SEED as a momentum stock (above 11.31 is … Read More
Tips for Light Volume Trading Sessions
The volume is light today. This was expected the day before Thanksgiving. For those of us who made it into work we need a game plan for these lighter volume sessions. There is some money to be made but there is more money to be lost with poor trading decisions. Some ideas: 1) Decrease your tier size. If normally 1000 … Read More
The Trades of a Professional Intraday Proprietary Trader- CEPH
Last night one our traders Senor Social Media fired off a question about the blog I wrote. “Bella I thought you mentioned that CEPH was a long at 54.50 on the trading floor?” It was. The trade I outlined in my blog was an A trade. There were many other trades that I did not discuss in last night’s blog … Read More
An A Trading Set up
So we have all these uber smart guys walking around our desks at SMB. And they are always asking for more. “Bella how about a review of the best set ups of the month?” Steve is doing that as I write. I already have learned these set ups so I get to sit it out. Plus I picked out … Read More
Can You Just Play as a Trader?
If POT breaks 112 then I will get long. If RIMM hits 65 I will start a long term short. If MON gets above 70 then I will get long and try and stay long till 74. If AAPL breaks 205 I will whack the bids and play the downside momentum. All of these are example of excellent trading plans … Read More
What a Strong Stock Looks Like
DE was a strong stock this AM. I blog this point besides DE being at its 52 week high. And save that DE was up over 2 1/2 points. There was a telling movement on the open from 51.50 to 51 which foreshadowed a new intraday high to visit. Let’s discuss. SPY 111.50 is an important intraday level. We … Read More