Gman, myself and Bella are back from Vegas. Fun time with Q, Alphatrends and a bunch of traders from the Tickerville community. I broke my “no gambling” rule by throwing down $20 on the roulette table at the end of the night. But that was balanced out by the $250 in chips Gman found on the seat of the limo. … Read More
Another look at randomness
Another look at randomness in the market
SMB Trading Lesson of the Week – Combinatorial Explosion
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Combinatorial Explosion. You can watch here. We hope you enjoy! Don’t forget to follow us on Twitter!
Morning Thoughts on October 12, 2010
Good morning traders, Futures have us opening about .3% down. Well over their overnight lows. Bigger picture the market seems to be wedging up, a pattern that usually resolves itself to the downside. In the intermediate term if the market holds under SPY 115.20 we should expect to see a test of SPY113.20. On the upside SPY117.60 is the next … Read More
Traders Ask: Should I Have a Max Give-Back Rule?
Hey Bella, How is everything? I have a question for you. I have this one problem (amongst many others) that I am having a tough time overcoming. Whenever I make a few good trades on the open and I have a nice P&L for the day I sit there the rest of the day and force trades and give back … Read More
Exploring Randomness: Thought-Provoking Insights and Reflections
Thinking about randomness can be challenging, but there are some important lessons to be learned here.
Morning Thoughts on October 8, 2010
Good morning traders. Market sold off sharply yesterday right after the open of trading. Like I said yesterday, I would not be looking for longs in the market unless we saw the gap holding over SPY116.25. Looking at the bigger picture of the market we are consolidating in a range above the previous range. In terms of an upside breakout … Read More
Don’t Make That Mistake!
When a very strong stock fails to make a new high after consolidation some traders are on the prowl to establish a short position. Don’t make that mistake! Let me first define what I mean by a “very strong” stock. A very strong stock is a stock that is trending up for the day and is in an uptrend in … Read More