The last couple of days I have been baffled by the market being defined by a handful of stocks. If you’re not in them you have no shot in heck of making any money. Honestly, these days I tend to have about 20–30 positions both on the short and long, market stocks, little stocks, and just about a piece on … Read More
Party in Vegas…LVS that is
LVS, vegas, brekaout trades
The Power of Information Shared on the Desk
We all have our strengths and weaknesses as traders. If you don’t know what they are for either side then you are in serious trouble friend. I know I am a good tape reader when there is good order flow in the stock. I also know what the strengths are for some of those who sit around me. And when … Read More
Weekend Thoughts
As I sit here cleaning my inbox listening to some good old Dizzy Gillespie, Stan Getz and John Coltrane I look around the room and find a few hard working shark tank traders ripping through charts. I know their hard work will pay off this week. I love the commitment and desire to improve every day from these guys, it … Read More
Party in AMZN
This market just cracks me up. It is taking me some time to figure out the new patterns but I am slowly getting there. I got a bit tossed around making a relative strength play in JPM on the open and boy did I get destroyed. Well played algos, well played. On a positive note though, AMZN provided a great … Read More
Sunday Thoughts From the Shark Tank
Times are hard for active traders these days. The ridiculous growth of HFT algos with their noise is starting to weed out the unable to adjust, overly frustrated and under capitalized traders in the industry. Last week I heard on the squawk box that Goldman’s HFT operation lost money only one day last quarter. That is just ridiculous. Talk about … Read More
The Shark Tank Risk Management System
Let’s start by talking about the shark tank. It all started with one of the traders – JP – calling himself a shark in some non-trading conversation. Unfortunately for him his mentee who sits next to him – RB – heard the silly comment and lost it. Over the next few days RB would just not let it go. Quickly … Read More
Vegas Baby, Vegas!
The traders expo in Las Vegas is just another great excuse to visit Sin City and it is just around the corner (Nov 18-21st). We would like to continue adding value to your trading while there and we need another excuse to go have some fun. Rather than doing a booth setup advertising our training products we are interested in … Read More