Growth

Today is a good day to sit around and think about how we will improve as traders. Between the barbequed chicken, Cavs/Magic game, summer beers, and crazy relatives there is some time to reflect. Back in the day I would be someplace like Hilton Head, with a rental on the ocean, on an immaculate course, thinking about a new club … Read More

Weekend Warrior

Your results on Monday will be influenced by the work that you do this weekend. Before we broke for the weekend we met with our desk. And we offered some constructive exercises for their weekend. Be a weekend warrior. Let’s discuss. During the holiday weekend you should perform visualization exercises. What are your mental weaknesses as a trader? Work on … Read More

Learn How to Score

I shorted ROH in the Premarket.  Chop!  I shorted CAT on the Open.  Chop!  And then CAT got hard.  I made some and I lost some.  And as I like to kid our desk, then people started bothering me. Roy generally bothers me first about something I need to do for him.  Roy runs SMB Training.  So if you are interested in … Read More

A Core

Most of the trades that intraday traders make are from move to move.  We short a stock when it shows some temporary weakness and then cover when it slows into its downmove.  These trades can be held for less than a second at times.  But most good intraday traders also hold longer intraday positions.  We hold a core position.  Basically … Read More

Learn How to Trade First

I received this email last night during the Cavs/Celtics game. I have to admit I was more interested in the game than responding to this email. But let’s take a swing at it this morning. Hey Bella, This morning when you were trading USO on the open and buying at the 32 level, initially 32 had dropped but you mentioned … Read More