I received a couple of twitter messages about whether I was trading AAPL on the Open today. JoeP had mentioned in his morning thoughts blog that we were watching the 291 level closely for a possible break of the recent uptrend. As it turned out I was short RIMM on the Open and watching CRM as well for a break … Read More
Gap Study (2/3)
Part 2/3 of a series of posts showing one way to apply quantitative thinking to market problems.
NKE: price action in an active stock post-earnings
Another look at price action in an in-play stock and deriving a bias from overnight market structure
Morning Thoughts on September 24, 2010
Good morning traders. Futures strong premarket has us opening just off of yesterday’s highs. The price action around 1132 will be a big clue as to what to expect for the remainder of the day. If the market is able to hold above this level and consolidate A possible trend day to 1140 could be very possible. This is a … Read More
An important trading skill: “Hey, that’s different!”
Sometimes the best pattern is simply to notice when an established pattern is broken.
Morning thoughts for September 21, 2010
Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session. On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support … Read More
Inside the World of Prop Trading: A Journey with the Disciplined Investor
Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading, was featured on The Disciplined Investor. Mike talks with host, Andrew Horowitz, about the shift to high frequency trading (HFT) in the trading industry and the ways SMB has adapted to combat the adoption of HFT. Andrew does a weekly podcast, which can be found … Read More
Afraid to Trade Reviews One Good Trade
Afraid to Trade recently reviewed One Good Trade: Inside the Highly Competitive World of Proprietary Trading, writing: “few books are similar to Bellafiore’s One Good Trade. One Good Trade takes you into SMB Capital through stories, strategies, experiences, and lessons learned.” Afraid to Trade and SMB are teaming up to give away a free copy of One Good Trade. Visit … Read More