Days like today make me wonder why we often complain about HFTs so much. I mean think about it. All you had to do was do the following: 1. Buy SPYs at 103.02 on the open at risk below 99c. Ultimate piker play 2. Buy BIDU at 69.80 and risk below the magic 75c level 3. BUY AMZN at 111.05 … Read More
School of Algos 101: Intro Class
I received great feedback about this idea. And since I am asking for feedback and help of all you readers I think a great place to start is defining the algos I see all the time. Please leave comments if you see any subsets or any other algos you see often (let’s leave the creative name ones out for a … Read More
From the mail bag – Setting Targets on a Second Day Play
Question from a reader sent on June 4th, 2010: hi, guys! i want to ask u a specific thing about trading crm on the open today. crm was very strong yesterday, 93 – huge support. Due to weak market the stock opened below 93 and started to bounce on strong tape. i bought some at 93, sold 94. i made … Read More
School of Algos 101
Thanks to all for the comments on my last blog regarding algos. I thought over the weekend about the best possible way for all of us to learn about these pesty computer programs and here is my suggestion. I always believed the best way to learn something complex is by using a dynamic and interactive technique. I thought it would … Read More
Traders Ask: How to Recognize Real Order Algos
Yesterday we received an inquiry from a reader regarding algos. Read the inquiry below: Hi. I have been trading for nine years now and one of my biggest strengths is tape reading. However, the algo programs are absurd these days. How does the Gman distinguish real buying from some program just market making a stock? Also, it seems like the programs are more in … Read More
After Hours Trading Gameplan
Yesterday I went home mad about my trading. Couldn’t believe the market cracked so hard and the shorts were so difficult in the stocks I was in. I came home and ITMN opened after being halted. I opened my platform, didn’t even bother to open charts and just got cracking. 20 Minutes later I was net positive. Like Bella says … Read More
Scalable Trades
Over the last six months or so I have reflected back on my trading and have changed my style a good chunk. I have realized that as part of my development to become a bigger trader I have to focus a lot of my energy on trades that are scalable when the market permits it. I can’t tell you how … Read More
Getting Help From Your Peers
One of the best things of trading in a group environment is that you can get help from those who sit around you. Yes, trading is a competitive arena but that doesn’t mean you can’t look for help within your group. We love working with Dr. Brett but unfortunately for us he cannot sit next to us every day to … Read More