Day trading profitably requires Reading the Tape. Reading the Tape is a skill. It’s a skill that can be learned. However, it doesn’t always come easy to the beginning or underperforming traders. Listening to Simon is tape reading in its purest and simplest form. Learning to Read the Tape in a manner that simplifies your thought process frees you from … Read More
Is it Possible to Day Trade AND Employ Non-Directional Options Spread Strategies?
On the surface, the intraday trading strategies of equities and non-directional options spread trading would seem to be mutually exclusive. Day trading depends to some extent on strong directional movement that allows the day trader to get long or short a stock at at the right time and then ride that direction until an opportune time to exit emerges. Non-directional … Read More
SMB Radar Update for April 7, 2011
These are the top 5 stock on today’s Opening Range column on the SMB Radar. The opening range filter records a static snapshot of the Unusual Movers at 9:45. These are stocks which had an unusual move in early in the session compared to historical opening ranges. Today’s Opening Range stocks are all in bright red, which means they are … Read More
Kicking Around On a Piece of Ground: Embrace Trading Success in Your Hometown
“Ticking away the moments that make up a dull day You fritter and waste the hours in an offhand way. Kicking around on a piece of ground in your home town Waiting for someone or something to show you the way.” Makes me wonder if someone from Pink Floyd tried being a remote trader. Trading from home alone is both … Read More
4/6/11 Stock Scans (with some questions answered)
Here are today’s scans And two questions: >I lost my notes from the webinar. Is it archived? Yes. Scroll down a few posts back and you will see that Roy posted the video. For other people looking at these scans who did not see the video, you might want to watch it. These probably make more sense in context of … Read More
Can I Trade Options While Holding Down a Busy Full-Time Job? How About While I’m Asleep?
While there are common themes to every kind of trading discipline, there are of courses differences as well. Options spread trading, for example is a very different world in many respects from day trading. At SMB, our intraday equity traders tend to focus on the opening hour and the closing hour of trading, with sometimes very high speed activity and decision-making … Read More
Finding an edge in random markets
Adam asks if traders can make money using trailing stops in random walk markets.
Why I Love KISS…Not The Rock Band!
So you’re a day trader. Ok, you have the computer, a few monitors, and a brokerage account with a few bucks that is going to make you many more bucks. Throw in a charting program, a few books worth of knowledge and the passion for trading and your set. Now what? Good question! As a new or even a struggling … Read More