The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Tom Coughlin, Coach of the New York Giants, shares in this video that preparation is essential to earn the right to win. In One Good Trade, one of our seven fundamentals is Proper Preparation. Coach Coughlin pounds the table … Read More
The Time Stop (an Example in $YUM)
On our prop desk I encourage our traders to look for stocks that are trending, enter a Trade2Hold, and stay in the position if it is working until there is a Reason2Sell. SMBU offered a free Webinar on Reasons2Sell here. I discuss them in great detail in my latest book, The PlayBook. Below is an example of a Reason2Sell, a … Read More
Finding a Jungle Guide
It can be a rough and cruel world out there in the markets. The competition is high, people are cutthroat, and the markets are never easy. Sometimes it can feel like a feral jungle, with danger lurking everywhere. You want to give yourself every edge and extra chances to succeed, but what really makes the difference? Simple: A mentor. In … Read More
Tricky Dicky
It was a very quiet morning in the world of “In Play” stocks. The only two tickers showing signs of life in the pre-market were DKS and GNW. After reporting earnings DKS lowered guidance which was causing a large gap to a major support area around 46.50. We were prepared for a bounce from this level given the strong underlying … Read More
How and Where to Get Bigger ($DKS)
Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in The PlayBook, our traders archive a favorite setup from the trading session for their trading PlayBook. Looking at the trader’s markup below, we should review an opportunity to get bigger in this position. Shorting below an Opening Range of a Stock In … Read More
When Should I Sell?
Hi Bella, I just have to start off as I always do and thank you and SMB for providing excellent trading education and training. Alright now to my question(s). When trading the open, when do you decide that you should hold a core position especially since there isn’t trend in the first 30 mins of the day? Do you decide … Read More
Are You Still Focusing on Longer Term Intraday Trades?
Hi Bella, I just finished reading your book One Good Trade and I wanted to thank you for writing it. I am trying to learn the craft of trading, and I found it to be entertaining and educational. Toward the end of the book you mention how in 2009 and 2010 you started moving toward longer term intraday positions and even … Read More
The Intraday Swing Entry
In October 2009 I began talking to our desk about “Intraday Swing Trading”. This discussion was preceded by about six months of mounting frustration from a large group of traders. Our desk at the time consisted largely of traders we trained in 2007-2008 a time of extreme volatility in the market that favored a very aggressive style of momentum trading. … Read More