The party continues in AIG. After the reverse split the stock has been heavily in play at least 75% of the trading days. Yesterday the stock was not as in play as it had been but still provided some good opportunities. That AIG is like that attractive girl you are happy you met for the summer that later turned into … Read More
Your Job is Not to Make Money
What do all of these things have in common? We took down our leaderboard at our firm a few months ago. Today one of our traders left early because he got stopped out. The other day I was interviewing a candidate for our desk who defined a good trading day by how much he made or lost. What is your … Read More
Our Approach Makes the Most Sense (Really)
When I began trading in 1996 we identified the stocks we were going to trade from something called the “ticker”. This window that appeared on our trading platform identified stocks that were moving. We were taught to get long stocks that were going up and short stocks that were going down. We were momentum traders with state of the art … Read More
A Last Week in August to Remember – AIG
I wrote last week that the last week in August is historically uneventful. I went on StockTwits TV and said the same thing. I wrote in my blog “Vacation….Chop!” that you ought to take a break. I suggested that the last week in August or the first week in September are generally excellent weeks to vacation. I have some new … Read More
Optimal Trading Day
This Sunday on StockTwits TV at 8:30 PM I will be discussing an Optimal Trading Day. I will discuss how some define an Optimal Trading Day, how not to define one, and offer a suggestion as to how to define an Optimal Trading Day. What I mean by Optimal Trading Day is what is a great day for you. What … Read More
Reading the Tape with Gman: How to Read the Tape
Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about Reading the Tape. Gman discusses how learning this important skill helps traders determine the buying and selling pressure in a stock and also helps traders know when to load up in a position.
SMB in TheStreet.com – AIG Shares Soar on Speculation
Mike Bellafiore, partner at SMB Capital, was cited yesterday in an article on TheStreet.com about the latest developments at AIG. You can read the full article here. Don’t forget to follow us on Twitter!
From Gman’s Mailbag
A couple of days ago I received this inquiry via email from DH, one of our blog readers. It is a very interesting question so I thought I would share with all of you. Below is DH’s email: “I read the SMB blog and watch the videos every chance I get and I really enjoy them. Thanks for sharing! “I’m a … Read More