Managing your exits is at least as important as where you’re getting into the market, and a quirk of human nature makes this a little bit more complicated
Tape Reading Techniques – Traders Expo
Gilbert Mendez Tape Reading Techniques That Can Help You Execute the Best Intraday Swing Trades $245 per person if purchased by November 4 $295 per person after November 4 Thursday, November 18, 2010 | 8:30 am – 12:30 pm Steven Spencer Steven Spencer, partner, and Gilbert Mendez, partner, are part of SMB Capital, the only trading firm in … Read More
Subliminal Messages
I watched a lot of tv in the 1970s. One of the themes that I found woven throughout various movies and tv series was the idea that “subliminal messages” could be delivered through the very rapid delivery of images through tv screens. I have no idea if this concept has any basis in fact. But the thought occurred to me … Read More
Why I Lost Money In GS: Part Deux
I noticed that the first blog I wrote on GS from a few days ago received a few comments/questions. Let me share a bit more of my analysis on why I was interested in trading GS the day following earnings and specifically how I selected possible entry points for trades. GS is one of the most difficult market leaders to … Read More
The Best A Set Up for this Market (An Example- AMLN)
Last week SMB visited the selfless trading conference held by Tickerville. My call was to share an A set up. A set ups are our favorite trades. We have A trades, B trades and C trades. With an A set up we trade a stock with more size, hold longer, and perhaps set a larger stop. We put on 30 percent … Read More
Q&A With Mike Bellafiore and The Kirk Report
Charles from The Kirk Report interview Mike Bellafiore.
Why I Lost Money In GS
Yesterday I traded GS. It was a second day play following their earnings release on Tuesday. GS has been showing signs of life recently, and after observing Tuesday’s price action I was fairly confident it could trade up to 160. And perhaps over the next two weeks up to 170. We discussed GS in the AM Meeting and I clearly … Read More
Morning thoughts for October 20, 2010
Yesterday’s strong down close violated the recent uptrend I highlighted yesterday and brought the market into an important support area. Technically, the market was certainly overbought and primed for a pullback, so this move should come as no surprise to anyone. We would normally expect some downside followthrough after such a weak close, but it is important to realize that … Read More