Spencer was chirping to watch RIMM. It traded in a range between 56.40 and 56.80 after showing some strength on the open. I bought a pullback to 56.61. Spencer remarked,”You just bought in the middle of the range.” These words were innocuous on their face but he meant: WTF is wrong with you jackass. Buy 41c or 81c or do … Read More
SMB Morning Rundown – November 9, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Reading the swings in the market
A look at reading the overall market during the trading day.
A ?4 the Trading Community (Part II)
I received the email below from an SMB Blog Reader: I’m sure you are really busy so I don’t necessarily expect a reply or anymore of your time..I do want to say Thanks again however. I have pinpointed my issue..and it seems crazy. I don’t seem to have the balls to saty in winners long enough. Every thing I went long in … Read More
You Don’t Need To Be A Hero When Trading
This AM I tweeted that I thought LVS was getting a bit overdone. These words of caution were intended to put those still trading it on the long side on alert for a possible blowoff top and reversal. LVS at its peak today had moved up 40% from its pre-earnings closing price. Too much too fast. Those who bought on … Read More
Traders Ask- Right Thing to Do?
Dear Bella, My name is (name deleted) and I am a twenty year old student at University of Florida. I have been following smbcapital on twitter ever since I saw you guys on Wall Street Warriors. I am more of a currency trader but recently I have been reading your morning rundowns and trying to trade the stock like how … Read More
Learning From a Reader Who Learned From SMB Blog
Today I received this email from a trader who learned from SMB Blog. Perhaps now we can all learn from him. Here are his trades: Attached is a word document with screenshots of a trade I made this morning. I used 2 of your recent blog entries to find a stock and implement your strategy. Probably one of the best … Read More