The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: The Psychology of Multiple Trading Accounts
hi mike, I have been following your terrific blog for a few months and have just finished reading your book. The book was refreshingly different and very instructive -especially the chapter on reading the tape.And the questions you have recently answered in your blog about age[I’m 50 plus andwant to be a full time trader] and finding stocks in play … Read More
Traders Ask: Scalp or Bigger Move?
Bella, I have question about getting in front of a big order. I’ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes at 599.75 or below. Let’s say GOOG is trading at 600.10/600.20. Now I … Read More
Morning thoughts for October 19, 2010
Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL. In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q’s should lead to 49.50. Breaking 116.72 … Read More
A Missed Opportunity
A quick note on an error I made this morning in our AM Meeting. We begin the meeting with an overview of the market and then discuss stocks with fresh news. During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. Stock number six on my list was MMR. … Read More
Morning Thoughts for October 18, 2010
Good morning traders, we have a quiet morning with the major indexes flat to up small premarket. Focusing on the SPY, the market is in a clear uptrend making higher lows and higher highs. Until this changes there is no reason fight the trend in the market. Intraday I am focusing of trading specific stocks in play as these are … Read More
SMB Morning Rundown – October 18, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Back From Vegas
Gman, myself and Bella are back from Vegas. Fun time with Q, Alphatrends and a bunch of traders from the Tickerville community. I broke my “no gambling” rule by throwing down $20 on the roulette table at the end of the night. But that was balanced out by the $250 in chips Gman found on the seat of the limo. … Read More