We all have our strengths and weaknesses as traders. If you don’t know what they are for either side then you are in serious trouble friend. I know I am a good tape reader when there is good order flow in the stock. I also know what the strengths are for some of those who sit around me. And when … Read More
Watching Order Flow and Tape Reading To Find Good Trades – TraderInterviews.com
Gilbert “Gman” Mendez, head trader at SMB Capital, sits down for an interview with Tim Bourquin from TraderInterviews.com.
Weekend Thoughts
As I sit here cleaning my inbox listening to some good old Dizzy Gillespie, Stan Getz and John Coltrane I look around the room and find a few hard working shark tank traders ripping through charts. I know their hard work will pay off this week. I love the commitment and desire to improve every day from these guys, it … Read More
Party in AMZN
This market just cracks me up. It is taking me some time to figure out the new patterns but I am slowly getting there. I got a bit tossed around making a relative strength play in JPM on the open and boy did I get destroyed. Well played algos, well played. On a positive note though, AMZN provided a great … Read More
Sunday Thoughts From the Shark Tank
Times are hard for active traders these days. The ridiculous growth of HFT algos with their noise is starting to weed out the unable to adjust, overly frustrated and under capitalized traders in the industry. Last week I heard on the squawk box that Goldman’s HFT operation lost money only one day last quarter. That is just ridiculous. Talk about … Read More
The Shark Tank Risk Management System
Let’s start by talking about the shark tank. It all started with one of the traders – JP – calling himself a shark in some non-trading conversation. Unfortunately for him his mentee who sits next to him – RB – heard the silly comment and lost it. Over the next few days RB would just not let it go. Quickly … Read More
It’s Called Trading!
As part of our training process we ask our remote and in-house traders to tune into our training calls. I was trading AIG in the close and was leading the call. I received a couple of emails from some new trainees who were just confused by my style of trading. Their questions and comments are quite valid and educational so … Read More
Getting Rewarded for Doing the Wrong Stuff
We teach our traders how to trade while taking little risk in the marketplace. We teach them the fundamentals and then allow each trader to develop a trading style that suits their personality. Further, we give each trader the freedom to trade whatever stock happens to be in play and in a fashion that suits their style. Unfortunately, this allows … Read More