Hi Mike, Thanks for last week’s webinar. I think it was helpful to learn more about the specific short trade in EDU last year. Especially for scholars such as me, a webinar is a good chance to stay close to you guys. This is in itself helpful because it keeps the motivation high. Since you asked webinar participants for feedback … Read More
Trading Educators Are Showoffs
I received this feedback from an attendee of The PlayBook webinar series. I was only on the webinar for about 15 minutes, so perhaps this is an unfair comment….. But, I thought the seminar seemed to be more about how cool you SMB guys were than providing good useable info. I personally would evaluate the seminar on the quality … Read More
A Pro Trader Shares His Goals For 2013
Our Floor Manager asked our traders to develop their goals for 2013. One newb did so below. His works is educational for the new, experienced, developing and underperforming trader. A few comments: 1) Notice how self-aware this trader is of his strengths and weaknesses. Are you? 2) Your job as a trader is not to be right it is to … Read More
The #NewNormal and $SPX 1680
I was on BBC a few days ago to talk about the market’s reaction to the “fiscal cliff” legislation. I had hoped to use the opportunity to spend some time clearly outlining a concept I discussed in my final webinar of 2012. The BBC economics reporter prattled on longer than expected so I only had about 60 seconds to outline … Read More
Should This Trader Make a Comeback?
Below is an interesting trading anecdote I received via LinkedIn. I asked the writer if I could share his trading experience with our community. He agreed. The names and places have been changed for compliance reasons and we have no interest in saying anything negative about anyone or any firm on this blog. What I find interesting about his note … Read More
A Trade to Master- $RIG
One of our new trainees from Thailand traded RIG yesterday and sent me a PlayBook on this trade. This was his Trade Management slide for the trade. There are some lessons here. 1) Great job being in the best stock yesterday for intraday traders, RIG. You are only as good as the stocks you trade. This was a stock with … Read More
I ripped it up. what now?
Hi Mike, It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession … Read More
Trend Trend Trade: An Example (RIG)
Mike, Greatly enjoyed your initial Playbook Series Webinar. I have a few questions: 1) What do you mean by a “trend-trend” trade? 2) You mentioned that you focus on trading “in play” stocks. Do you mean stocks with a known catalyst (e.g. earnings, guidance, takeovers, etc.) or are you referring to stocks appearing on the SMB Radar? 3) On a … Read More