I was trading TYC after the huge volume spike and strong price action. @tarhini_smb chirped TYC after spotting in from The SMB Radar. 44.50 became my most important point of inflection. I started a core and traded around this. Well I tried to trade around my core. I tried taking off risk at prices where my risk/reward lessened. Well I … Read More
RIMM RIPper
I have blogged about RIMM a bunch of times in the past three years. In fact, I remember someone writing a comment after a post one time that the SMB blog only discusses five or six stocks including AAPL, FCX, RIMM, and CAT, to which I retorted poppycock! We discuss the stocks that are In Play. RIMM was probably my … Read More
Some cool things about working at a prop firm
Yesterday was a really interesting day. Since we launched the options training program, I’ve been driving up to SMB from my home in Philadelphia almost every Wednesday. I certainly have valid business reasons to be up there each week but honestly, my main motivation, is that I just love the environment. I really enjoy hanging out with other traders and … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, September 20, 2011 at 5pm EDT: Earnings Plays Using Calendar Spreads
Tuesday September 20, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
Chunking, trading and the fast track to improving
Some mentees require/deserve more attention from me on a daily basis. One exercise we do together is an end of the day review. They send me a review via email. I respond with an email or a closed-door one-on-one session. Take a look at the review below because it is very helpful for the developing trader to recognize how this … Read More
Mental Rehearsal
At the beginning of each AM Meeting I spend some time discussing the bigger picture in the market. Today the focus was on signs that the market may have put in a short term bottom and that I wanted to be mentally prepared for a significant up move. I discussed the downtrend that began in early August up through the … Read More
SMB Radar – Set Up In $MJN
Here is a great example from today on how we use the Strong Today column on the SMB Radar. The Strong / Weak Today list is one of my favorite outputs of the algo on the Radar. I like to constantly look through the lists in search for good set ups. I want to find a stock that is In … Read More