Sorry about the technical problems guys. Video w/o commentary below. Will look to post/replace the video with comments later this week. Just wanted to get it out there quickly after the webinar.
If Check 1, If Check 2, If Check 3 then pounce
One of the ways I use the SMB Radar to identify the best stocks and setups to see if a ticker is appearing at the top of multiple categories simultaneously. At 10:37AM today LO was atop In Play, Weak Today, and Opening Range. It was consolidating at the low of the day after a strong Opening Drive. I love this … Read More
SMB Morning Rundown – May 24, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Context Matters: Why BIDU was a short and CF was not
Last week I wrote a blog that discussed an excellent short setup in BIDU from May 16th. BIDU was trending down on the daily time frame and offered a very low risk intraday trade on the short side after running up on the Open and then forming a rounded top. I tasked one of our trainees to continue to look … Read More
Expiration Week Pinning Trades
Here’s an e-mail I received from a good friend of mine and former mentoring student Options Tribe Member Craig. Craig is a fine option s trader and specializes in “expiration week trades”. These are highly specialized trades that Craig makes almost every month during options expiration week. Each expiration week , I ask Craig what he’s up to this month. … Read More
Is Passion Enough?
First of all, I would like to thank all of you at SMB for the work you do and the content you provide. I have not found a better source out there for actionable, instructive lessons on trading, and God knows I have searched through a lot of content on the internet the past couple of years. I first learned about … Read More
SMB Radar Update for May 23, 2011
Choppy market today, not many stocks giving a high IPR on our Radar. Only two giving a reading above 3.0 are $E and $MOS – readings over 5.8 and 3.7 respectively We prefer stocks that are very In Play. This is indicated by the brightness of the red, along with the IPR number (we prefer above 3.0). In Play stocks … Read More
Should we increase the tier size for this trader?
I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). To get bumped up a trader might reach out to a Senior Trader to receive the increase. This is a trader who does everything asked of him. This is his 6th live … Read More