How do you make more on your best trades? – Bella
SMB Radar Update for June 28, 2011
These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates heavy … Read More
Trading Thought of the Day – June 28, 2011
However, when trading with 60% edge, there’s still a 40% chance of being wrong and a 6.4% chance of being wrong three times in a row. – Adam Grimes
My Take On The Market
My view on the market is encapsulated via a chart on the SPY for the past several weeks. We have been in consolidation mode for 16 days now. I am starting to wonder if we will continue to stay in this range until earnings seasons begins. Each time we have moved to the 126.60 support area buyers have stepped in. … Read More
Trading Thought of the Day – June 27, 2011
It’s more stressful for most traders to stay in a trade that is working than just get stopped out of a losing trade. – Bella
The Trend Trend Trade
I am officially naming a new trade. SMB will call it the Trend Trend Trade. Below we explain through the trade of one of our traders, Shark, reviewing a recent trade in LPS, using the SMB Playbook template. The Trend Trend Trade is a set up where the long term trend and the short term trend align. We look for spots … Read More
Trading Thought of the Day – June 24, 2011
But trading has a lot of psychology attached to it. People aren’t loved as kids and first they take it out on the markets and when that doesn’t work out they take it out on comment boards. – James Altucher
Trading Thought of the Day – June 23, 2011
Everyone who has found any kind of lasting success on Wall Street has the same thing in common – a lack of complacency. – Josh Brown of The Reformed Broker