This week I wrote a post Study Trading not Markets ($TSLA) where I shared the power of studying trading patterns over stock fundamentals. After all I play the game of trading pro not economics professor or Uber-Confident Financial Media Entertainment Complex Guest. My job is to make excellent risk/reward decisions with my firm’s money to which for some trades longer term … Read More
Study Trading Not Markets ($TSLA)
Some traders/investors make the mistake of studying markets instead of trading. This can negatively affect your trading performance. More specifically, this certainly was the case with the recent down move in battleground stock TSLA, the growth stock. For those of us who have traded professionally for 15plus years it is hard to watch and read the nonsense about TSLA’s valuation. … Read More
What’s Working for You?
For those of you who don’t know, trading during the summer months can be tough on your patience and P&L. A sizable portion of market participants and those with the ability to move markets all go on vacation and enjoy themselves while the rest of us stare at a computer screen that looks like it is frozen in time. I … Read More
Andrew Keene visits SMB
Andrew Keene stopped by our trading office in NYC last week to talk with those in the SMB College Training Program. He was visiting before sitting as a guest on Bloomberg TV. Andrew has been a presenter with Seth Freudberg for the SMB Options Tribe in the past (see the video below). One of our trainees put together his thoughts … Read More
Do Not Fear the Bots
Computer trading has become the largest part of our market’s volume threatening the profitability of many discretionary traders. Many traders/investors fear the bots. We shouldn’t. We should embrace their underlying technology and use it to help us find more of our favorite trading patterns. And even turn quant. Adding support to my thesis above was a recent blog post at … Read More
John Locke Weekly Market and Position Update for August 5, 2013
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Proper Preparation Disguised As Luck– $WLT
I was long WLT two weeks ago as it was trending higher from 11 to 14. Then they made an announcement after the close about a new financing deal and it gapped lower the next morning causing me to give back a decent chunk of my profits. After trading down to 12 in the morning where it did huge volume … Read More
New Fatherhood and Trading
They say that fatherhood changes everything and I can confirm that it does. At 42 my life changed completely when Luke entered the world. How you ask? My downtime is gone. After work I used to enjoy some downtime with Hardball, PTI and the Yankees. Now as soon as I walk in the door, I get the immediate hand-off from … Read More