I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down … Read More
SMB Radar Update for June 30, 2011
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
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