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
Perception or Reality?
I have been long VMW since I bought it yesterday at the Open around 79.50. It closed near its high so I held it as a swing position. This morning I bid for more stock about $1 below where it closed yesterday, which had been the prior day’s morning resistance (see chart below). My bid got hit before the market … Read More
A Trade from a PlayBook Reader
An SMB reader, who is not on our desk (yet?), read The PlayBook and was inspired to co-opt a particular concept for her own trading. We encourage all our readers to develop a methodology for your trading. Building a PlayBook of the trades that make the most sense to you is that methodology. Here is her PlayBook trade. Mike Bellafiore … Read More
Methodology For Any Market?
In case you don’t know, I am writing a book called “Unconventional Forex Trader” and I want to hear what you think as I write it. When I conduct webinars that feature examples based on our methodology for the trading community at SMB, I am often asked, “Does this work for stocks too?”. As long as the market you are … Read More
Forex Workshop Today: Analyzing Stocks With Forex Methodology
The methodology that we use to analyze and trade forex and futures works just as well in the stock market. Why? Because it is based on the psychology of crowd mentality. When trading stocks, some specific considerations must be made. Join Marc Principato, CMT on Monday, July 29, 2013 at 4:30pm ET, for a truly interactive Webinar where he will … Read More
Trading AAPL Tomorrow?
If you would like to learn how to think like a professional trader pick up a copy of The Playbook today! Top 10 in Amazon Finance and from the author of One Good Trade the #1 Trading book in 2010. Here is my thought process going into tomorrow’s trading for AAPL: AAPL initial reaction was positive due to a combination of lowered … Read More
NFLX is the New AMZN?
Netflix is the new Amazon. What does this mean? It means for the foreseeable future hedge funds will step in and buy this name on every large dip and it will continue to have huge breakouts after periods of consolidation. Why is this the case? In the case of AMZN it got enough large players in the market to buy … Read More