“Milking” an Options Trade
Every properly designed income options strategy should have both a target profit and a maximum loss. Both are extremely important in order to maintain a realistic annual return target for a particular strategy. The skilled income trader is both disciplined at exiting when a trade has hit the maximum loss threshold and skilled at what we alluded to in my last … Read More
SMB Welcomes Alex Salazar (Experienced FX Trader)
SMB Training is pleased to announce the addition of Alex Salazar to our blogging community. Alex is a trader withmore than 10 years of experience trading the SP 500 Futures and the Forex Market. SMB Training will soon be offering FX trader training and a virtual trading floor where you can connect with traders such as Alex. Alex is the … Read More
SMB Radar Update for May 9, 2011
The Strong Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong opening drives and continuation moves. The idea here is to find opportunity in the strongest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
Gap, Battle and Go (SYY)
SYY gapped up on the open after earnings. Intraday Fundamentals From Reuters: * Q3 EPS $0.46 vs est $0.41 * Q3 sales $9.76 bln vs est $9.48 bln * Shares up 11 pct, at year-high (Compares with estimates, adds background in paragraoh 2; updates shares) May 9 (Reuters) – Top U.S. food distributor Sysco Corp reported quarterly results that easily … Read More
Refresh Refocus
From The Economist, a piece studying judicial rulings: Decision making is mentally taxing and that, if forced to keep deciding things, people get tired and start looking for easy answers. As active intraday traders do we hit a point where we want easy trades? Do we stop thinking as thoroughly as we should after a series of trades on the Open? … Read More
05/08/11 Market and Swing Setups
@AdamG_SMB covers setups in $ES_F $SPY $SI_F $SLV $AMZN $MCP $AAPL $PAY $VMW $BIDU $BTU $HUM $COF $SGI $BJRI
Katz’s Corner: Are There Trading Hot streaks?
Do we have hot streaks as a trader? There is some research here from the must read @jonahlehrer that suggests that the belief there are shooting streaks in basketball is not supported by the data. I asked Dr. Jonathan F. Katz of High Performance Associates and who works with traders for his thoughts (see below): Ah, the age old question, perception … Read More