Today after the Close we talked about vacation. When to take it. What to get out of it. And why it is important. Let’s discuss. You cannot trade everyday. You will burn out. Your trading will suffer. You will make less for the year if you do not take time to recharge as opposed to trading everyday. Danny … Read More
Playing the Range
I have been a regular contributor to CNBC’s Fast Money since April. While I enjoy doing the show and sharing my nuggets of wisdom, the format does not really allow me to fully explain my trading setups and thought process. Often, I only get a few seconds to explain a trade, that, if I was sitting down with someone one … Read More
Play of the Day- FAS
When I traded back in the day there were no leveraged ETF’s. I wish there were. They offer the intraday trader opportunity. Whether ETF’s offer too much risk to the market is not for me to decide. What I know is that there is money to be made as an intraday trader mastering them. Let me offer one simple example … Read More
The Party Contiues in AIG
I believe Bella said it best yesterday in his post “Don’t start your vacation before your vacation”. AIG was a party all day long. Talk about crazy opportunity on this hot summer day. I want to highlight a few trading levels from today that will be important for tomorrow. First let me just say the following: For the first time … Read More
SMB Blog Highlighted in TraderFeed
Thank you Dr. Brett Steenbarger, the Coach K of trading psychology, for highlighting our blog on TraderFeed as a “unique source of online information”…that “contains a number of practical lessons and nuggets of wisdom for intraday traders”. View the post here.
Don’t Start Your Vacation Before Your Vacation
It is the summer. It is finally hot in NYC. It is so hot that when you just miss your subway it gets really uncomfortable waiting for that next one. Ripper. And most market commentators keep talking about slow summer trading. Chirp. Chirp Chirp. And most market players were predicting a correction a few days ago. Chirp. Chirp. Chirp. And … Read More
Fool Me Once Shame on Me Fool Me Twice…
After yesterday’s selloff we had a small overnight gap to the upside and we were watching the Open to see whether to trade the market from the long or short side. As usual FAS was on the radar of several of our traders. There was some initial selling pressure in the financial sector but fairly quickly it began to show … Read More
Tough Shorts Today
When I woke up this morning and saw that the market was gaping down below the $99.5 in the SPY I was pumped! Finally some direction out of these dopey range market we established between 99.5 and 102 in the SPY. I came in with a short mentality as long as we were below that 99.5 level and it was … Read More