Yup that’s right. Lately I have been a holder of a good chunk of those small caps. It requires a ridiculous amount of patience for them to move but when they do, boy can they actually move in an orderly fashion. Take for example CHTP, I’ve been long for about 6 days already but has been a relatively easy hold. … Read More
If Only They Were All This Easy…
I managed to pick up some MGM at 11.22 yesterday. I was risking about five cents on 1200 shares. I considered my initial upside to be around 11.80. But ultimately I was looking for a breakout above 12 with upside to 13.80-14. When I came in this morning MGM was trading slightly higher than 11.50. My trading plan was to … Read More
SMB Morning Rundown – March 16, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
Your Win Rate
I received the following email from reader Ed: Hi Mike, I hope you’re doing great and all is well by you. I was wondering if I could run something past you if you don’t mind. I was the trader that Dr. Brett mentioned in his March 14 article, “the mistakes traders make.” I was wondering if you would mind telling … Read More
A Silly Trade
I highlighted what I thought would be the relevant range for AIG today in our morning meeting (34-36). My reasoning was that AIG needed an inside day prior to making its next large move. I was interested in getting long close to the bottom of the range and short close to the top. The market opened and AIG quickly popped … Read More
SMB Morning Rundown – March 15, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
FINDING TRADING PATTERNS- A STUDY OF @AIKI14 AND ME
Jim Gobetz, Managing Partner at Wallingford Trust, couldn’t trade a more different style than me. He is a longer-term fundamental trader. I am a short-term, active, intraday trader. Jim subscribes to just about every news and research source you could imagine. I subscribe to www.briefing.com. Oh and also ESPN Insider. @aiki14 makes decisions on his positions based on … Read More
SMB Morning Rundown – March 12, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.