I know an excellent trader who underperformed today mainly trading PCS. He faded the weakest stock in the market and now sits frustrated, dejected and angry. Pass him on a desk and you would see his cheeks red and the scowl of a defensive end ready to rip the head off of the opposing QB. I do not mean to … Read More
I had to make an adjustment
All traders deal with frustration. One of my biggest frustrations recently has been my inability to open positions in the pre-market because I am preparing or running the SMB AM meeting. I was watching setup after setup unfold in the pre-market and unable to take advantage. I’m sure more than a few people noticed me grumbling about this on our … Read More
Your Daily Game Plan
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. Aristotle One our trainees sent me an email over the weekend asking me to review … Read More
Free Webinar: From Good to Great with Steve Spencer
Please join Steve Spencer for another webinar in his Good To Great series on August 3 at 4:30PM. Multi-Day Inflection Points How to trade them Why They Work Works both during and in between earnings season A concept that receives little attention Steve will discuss recent trading setups There will be a Q&A following the presentation Questions on this topic … Read More
SMB Radar Update for August 1, 2011
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
SMB Radar Update for July 29, 2011
Here is a quick snap-shot of the top stocks on the Today’s Range list on the SMB Radar. This is just one of 10 categories that the algo captures. @tarhini_smb
One Bad Trade
I made one bad trade today in VPRT. After the trade I shook my head and remarked to Steve how amateur my trade was. I was not pleased with myself as a trader. The result of the trade? A complete chop. A two point winner. I couldn’t agree more with Steve as he summarized my bad decision-making: “That could have … Read More
SMB Morning Rundown for July 29, 2011
Market showing some weakness this morning after end of day selloff ystdy. No vote in House ystdy on debt vote not helping. GDP numbers not good for Q2 but info is backward looking. Short bias but most of the downside has been realized prmkt. A pop to 129.40-129.60 would be a safe short area. SPY support 128.35ish Morning Idea: STEC … Read More