Not all levels are created equal. As traders we must differentiate which levels are most important. Less important levels require more checks for us to take positions. Well fresh news just might be one of those checks. VZ had fresh news today. From Forbes.com: Rumors have been circulating that a new Apple ( AAPL – news– people ) iPhone, equipped to operate through Verizon Communications’ ( VZ – news – people … Read More
SMB Morning Rundown – March 30, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
All “LEVELS” ARE NOT CREATED EQUAL
During a midday lecture with our new class we discussed the trade in BA above 73.40, “a level”. One of our new traders reasoned, “BA got above the level so I bought.” I stood up, paced to the front of the room, and started teaching. We don’t just buy a stock because it is above a level. Or do we? … Read More
Trader to Trader: Why You Shouldn’t Trade Alone
Bella sits down with MoneyShow.com to discuss the benefits of sharing information and trading as part of a team.
SMB Morning Rundown – March 29, 2010
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: How Do I Work on My Stubbornness?
I received the following email from reader Brent: Dear Bella, I have followed SMB Capital since WSW on Mojo and have been following the blog for several months now. I am impressed by the quality of content that you guys release and it has helped my trading greatly. I am a remote trader for a prop firm and have been … Read More
SMB Morning Rundown – March 26, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Importance Of Not Relinquishing Gains
This morning I came in long a small overnight position in QCOM. Chop Spencer! But based on several factors I was looking for another sizable up leg. I bought additional shares right on the Open when a seller at 42.50 was lifted. QCOM quickly traded up another point. I took my profits when the buying pattern changed in the 43.70s. … Read More