Marc Cuban wrote a blog post a few days ago offering some suggestions for restructuring US equity markets. For those of you who are unfamiliar with Cuban he is a successful internet entrepreneur and owner of the Dallas Mavericks. The premise of Cuban’s blog was that over the years “Wall Street” has lost its way and has devolved into a … Read More
What’s Your Number?
If you hang around long enough in the investing or banking communities of New York or London, you’ll soon hear the infamous question: “What’s your number?”. The first time, you answer by rattling off your phone number; then you realize that the question has nothing to do with speaking on the phone. “Your number” is usually the number at which … Read More
What is Your Motivation to Be a Trader?
There are different styles of trading for different people. One of the keys to have success in trading is to find out what it signifies for you on a personal level and what you want to obtain of the future and economic benefits. To have a satisfactory and well rounded career, it is necessary to have an incentive that goes … Read More
Spencer Trade Review – $CLF 09.17.12
Steve discusses CLF’s recent trading activity and a few trades that he made in it on September 17th. Steve Spencer *no relevant positions
Free Webinar Today at 5pm EDT : Jared Levy, Selecting Vertical Spreads Combining Options Knowledge with Fundamental and Technical Analysis
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading. Today, Broadcaster and Author Jared Levy will be making … Read More
Man vs black box – who’s winning?
Mike Bellafiore, author of the “trading classic” One Good Trade, shares his views on black boxes and what you can do to compete in the marketplace and adjust your trading around those programs.
Conviction Makes a Good Trader Great
A few days ago the head trader of our equities desk, GMan, had an exceptional day. Jokingly I sent him a message that read, “Now I know what ‘G’ stands for in Gman: Grande”. I’m writing about him here for two reasons. First, a significant part of his returns came from a position in the EUR/USD pair which he took … Read More
$GMCR Changes Direction
GMCR has been an excellent intraday trading vehicle for the past four days. It first caught my attention on Friday when it had a high volume break above a long term resistance area (see chart). Whenever a momo stock, or former momo in this case, has a high volume move I give it special attention. Momo stocks are repeatedly pushed … Read More