“If I hadn’t made money some of the time I might have acquired market wisdom quicker.” — Jesse Livermore I received the following question from reader Angel: Hi Mike, I hope that my email finds you well. Trading has been going very well, and I’m very happy with my results. I love this business! Mike, I would like to suggest … Read More
SMB Morning Rundown – May 07, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
You Don’t See That Every Day: 6 Minutes of Insanity
At around 2:30PM the SPYs were trading down to 113.60 from 117. It seemed like it was a good place to start looking for a bounce. I was keying in on the 113.10 level from March 5th as a potential dream price to get long. I got stopped out below 113 a few minutes later. At 2:42 I decided to … Read More
SMB Morning Rundown – May 06, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Unveiling the Art: Technical Analysis – Background and History
A look at the roots of modern technical analysis.
After Hours Trading Gameplan
Yesterday I went home mad about my trading. Couldn’t believe the market cracked so hard and the shorts were so difficult in the stocks I was in. I came home and ITMN opened after being halted. I opened my platform, didn’t even bother to open charts and just got cracking. 20 Minutes later I was net positive. Like Bella says … Read More
Stop Paying the Offer
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein The past two days I have witnessed downmoves in NTRI and ITMN caused by undisciplined traders paying the offer. I tweeted yesterday: If you are paying the offer in $NTRI you will make it go down. The HFTs are waiting for you to pay 4 … Read More
SMB Morning Rundown – May 05, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.