The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
WHY NOT TO TAKE OFF WHEN TRADING WELL
I received this email from a loyal reader which encapsulates why you should not take off when you are trading well. Trading is like being a professional athlete in that it is performance-based. Sometimes you just see the market better than at other periods. And if this is the case, sit in your seat, and enjoy these times. Squeeze every … Read More
SMB Morning Rundown – March 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.
When The Tape Changes
My expectation for the past week or so has been that AAPL would break to new highs and offer another 10-15 points of upside. So each day I spend some time thinking about how to best enter an AAPL trade so that I will be in a position of strength when the breakout actually occurs. Based on the price action … Read More
THE STATE OF TRADING
I received this email from Reader Eric: Hello Mike, I wanted to share with you an interesting paper I found on the T3 website. http://www.knight.com/newsroom/pdfs/EquityTradinginthe21stCentury.pdf It addresses the state of trading in today’s environment. Over my year of trading I have seen successful groups on my floor completely wiped out by the changes in the trading environment. Yes, they were … Read More
SMB Morning Rundown – March 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.
Party in Vegas…LVS that is
LVS, vegas, brekaout trades
POINTS OF INFLECTION (TIF)
TIF, Tiffany & Company, offered opportunity on the Open. 45.35 was the most important level. Trades off of these points of inflection offer ridiculous risk/reward opportunities. 45.35 was the most important level. After an initial upmove on the Open 45.05 held the bid. And then TIF found 45.35 but could not hold a bid at this price. Repeating white prints … Read More