Andrew Keene stopped by our trading office in NYC last week to talk with those in the SMB College Training Program. He was visiting before sitting as a guest on Bloomberg TV. Andrew has been a presenter with Seth Freudberg for the SMB Options Tribe in the past (see the video below). One of our trainees put together his thoughts … Read More
Do Not Fear the Bots
Computer trading has become the largest part of our market’s volume threatening the profitability of many discretionary traders. Many traders/investors fear the bots. We shouldn’t. We should embrace their underlying technology and use it to help us find more of our favorite trading patterns. And even turn quant. Adding support to my thesis above was a recent blog post at … Read More
John Locke Weekly Market and Position Update for August 5, 2013
Be sure to visit our trading blog! www.lockeinyoursuccess.com
Proper Preparation Disguised As Luck– $WLT
I was long WLT two weeks ago as it was trending higher from 11 to 14. Then they made an announcement after the close about a new financing deal and it gapped lower the next morning causing me to give back a decent chunk of my profits. After trading down to 12 in the morning where it did huge volume … Read More
New Fatherhood and Trading
They say that fatherhood changes everything and I can confirm that it does. At 42 my life changed completely when Luke entered the world. How you ask? My downtime is gone. After work I used to enjoy some downtime with Hardball, PTI and the Yankees. Now as soon as I walk in the door, I get the immediate hand-off from … Read More
The Round Tripper
It is not every day that you are able to catch a trend in both directions in a stock. FB has been a short term trader’s delight for the past five trading days. Media coverage hit a fever pitch today with FB tagging its otherwise meaningless “IPO price” of $38. The fact that it has been moving higher since last … Read More
Where is This Stock Going?
One of the truest things I’ve heard recently was “It’s SOOOO nice not having to pick which way the stock is going!” That came from a one-on-one coaching student of mine that had fallen into the trap of over-analyzing charts and looking for “that one right” indicator. Not having to pick a direction had taken a huge burden off her … Read More
John Locke Weekly Market and Position Update for July 28, 2013
John Locke Be sure to visit our trading blog: www.lockeinyoursuccess.com And check out this video! http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies