Some basic background on applying quantitative thinking to market problems.
SMB Morning Rundown – September 24, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
Morning Thoughts on September 24, 2010
Good morning traders. Futures strong premarket has us opening just off of yesterday’s highs. The price action around 1132 will be a big clue as to what to expect for the remainder of the day. If the market is able to hold above this level and consolidate A possible trend day to 1140 could be very possible. This is a … Read More
An important trading skill: “Hey, that’s different!”
Sometimes the best pattern is simply to notice when an established pattern is broken.
Traders Ask- When Do I Buy For a Support Play?
Question: Hi guys In Mike’s great book he talks often of “buying right” most often using limit orders at resistance/support levels and on dips during a momentum trade. For a while I’ve struggled to find the best time to do this. Can you please tell me, using a long trade as an example, do you place your limit order at … Read More
SMB Morning Rundown – September 23, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
Morning Thoughts…
Good morning traders. Hard down move in the overnight futures confirms the break of the rising trend line in the s&P . In my view this is the start of a consolidation in the markets. In terms of my strategy, I am going to look to keep my trading very light. This is not a time to start loading up … Read More
Traders Ask: Violating My Risk Parameters
Dear Mike, I hope that my email finds you well. One of things I’ve learned about trading at a proprietary firm, is that the best traders are also the most honest traders. They’re honest about their numbers, their mistakes and weaknesses as a trader. Today I took a real close look at my trading weakness. I want this to become … Read More