Traders Ask: How to Recognize Real Order Algos

gmanGilbert Mendez's (Gman's) Blogs9 Comments

Yesterday we received an inquiry from a reader regarding algos. Read the inquiry below: Hi. I have been trading for  nine years now and one of my biggest strengths is tape reading. However, the algo programs are absurd these days. How does the Gman distinguish real buying from some program just market making a stock? Also, it seems like the programs are more in … Read More

How To Get Back In

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs4 Comments

A very talented experienced trader joined our desk about five months ago. Let’s call him Trader Dan. He decided SMB was a better fit for his personality than his original trading firm. His first trading job entailed shorting very strong stocks intraday and getting long very weak stocks intraday. Somehow he was able to earn a living with that strategy … Read More