One of the great things about options trading is that you can make a directional bet, be wrong, and still make excellent money on a trade. As many of my closest relatives are fond to point out how wrong I am on so many life issues, it is a comfort to know that there is a way to trade options … Read More
SMB Radar Update for June 2, 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
Three Days In One
Those who follow the markets closely have heard the expression countless times “the market takes the escalator on the way up and the elevator on the way down”. This simply means that markets tend to go down in price a lot more quickly than they go up. Today the SPY eliminated three days of gains in one massive down day. … Read More
Radar Alert: Price Spike in JNPR
This is a trade I made today in JNPR. At 1:14 and 1:15pm the Price Spike Alert went off for JNPR on the Radar. At this point I was involved in a few other names so couldn’t follow it too closely, however once the extreme Price Spike (they are ranked) went off, I knew I had to focus on it. … Read More
Options Tribe
Tuesday, June 7, 2011 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 outstanding veteran options traders and experts in the world of options trading. This week a Tribe member will demonstrate his … Read More
Free Webinar – How to trade an IPO – An example in YNDX
Thursday, June 2, 2011 Gman will be talking about how to trade momentum in an IPO right when it opens and once it settles in that first hour of trading. Tape will be shown about trading into a position in YNDX, a recent IPO. Title: How to trade an IPO – An example in YNDX Date: Thursday, June 2, 2011 … Read More
What do you need to fix first about yourself before you can become a better trader?
I was at dinner last night with a highly successful manager. She had just landed the top account at her multi-billiondollar financial firm. Over fettuccine noodles and chicken Pad Thai she continued that the firm contemporaneously placed her into a special training program for their star performers. Her boss warned that the program would be difficult, expose her weaknesses and uncover uncomfortable things about … Read More
SMB Radar Update for June 1, 2011
The Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have weak opening drives and continuation moves. The idea here is to find opportunity in the 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