Jeff Tomasulo, senior trader at SMB Capital, appeared tonight on CNBC’s Fast Money. Jeff discussed how to trade a range, and highlighted the IBM range between $116 and $120. Don’t forget to follow us on twitter.
Need Some More Time Please
OK so we got some weakness with the market today. Are we starting the leg down that most have been predicting since SPY 83 (oops!). Was the news about back to school sales the catalyst? China? Rising foreclosures? The dollar? Unemployment? Government Debt? Certainly the bears have a multitude of fundamental reasons to support their thesis for a downmove. And … Read More
Can You Make it as a Retail Trader?
I received this email from a reader of our blog. I thought we could discuss: Hi, this is Ivan in NYC (Bulgarian immigrant), a regular reader of the blog. I’m a retail trader and a relative newbie. Although I can not formulate particular trading strategy just by reading the blog I enjoy reading it and find it useful. I would … Read More
Interview with SMB Head Trader Gilbert Mendez (”GMan”)
For an excellent interview, with SMB Capital Head Trader, Gilbert Mendez “GMan”, about dark pools and reading the tape, please click here.
Two Young Guns
I have spent some time the past two days talking to one of our better young traders about an issue with which he has struggled. Dove Bar, as I like to call him, is trying to figure out the best way to trade after the Open. Usually he crushes the market in the first 15-30 minutes. The majority of the … Read More
Ban Day Trading Part I
I began my professional career as a “day trader” a little over thirteen years ago. Little did I know at the time that I would one day become a strong advocate for banning myself from the market. The Institutional Day Trader First, let me offer a little bit of background information regarding “day trading” before I explain why it, other … Read More
A Note to the Suits at StockTwits TV
So last night was my debut on StockTwits TV. And after that experience I have some thoughts for the suits at StockTwits TV. 1 ) Clearly I was awesome. My awesomeness existed on so many levels I find it hard to begin. Have you seen my reviews? @downtowntrader$$ Must watch stocktwits.tv by @smbcapital – really great job tonight Mike. http://bit.ly/cxgzP … Read More
Firms Sharing to Add Value
One of the great rewards of running a firm like SMB is the friends we have made from others firms. There are some exceptional firms and people in our field. I am certain that in ten years there will be a dozen exceptional intraday trading firms offering enormous value to their traders. Especially since the Buy and Hold strategy has … Read More