I have had the pleasure of getting to know Michael Martin over the past few years. Hands down one of my favorite trading educators on the Street. And it is so entertaining when he shares his stories about other great traders who he knows, has been mentored by or has read about. He is a Wikipedia of trading anecdotes. I … Read More
Traders Ask: Do You Wait for a Stock to Open?
Hi Mike, I seem to recall you mentioning that one way to catch opening drives is by watching the first ticks of the stock when it opens. My question is: do you trade the first ticks of a stock when the specialist is not there yet, or do you wait for him/her to show up? Thanks in advance, and happy … Read More
Two Lessons from an Improving New Trader
I received this email from an improving new trader. It’s a terrific anecdote on two lessons learned by a developing trader making progress: Bella, I just wanted to send a quick note to thank you for all you do to help new traders, you have helped me immensely! Your book One Good Trade has been a tremendous influence on my growth as a trader. … Read More
A better stop
A frustrated new trader stepped into my office to discuss a few specific trades from yesterday. He got wicked out of a good short in CVC and a few longs in C into the close. He was looking for some guidance. First there were a lot of things this new trader did well. He was in the right stocks. He … Read More
What You Might Learn in Your First Weeks in Trading
Below is a great example of what you might learn in your first weeks of trading. Hi Bella, Friday was my second day trading live. So far I’m up $72 on day one and up $72 on day two. I could have done much better on Friday, but I chipped back bits by bits during the mid day. I wrote … Read More
SMB Radar – Trade Reviews
This month SMB will be reviewing Radar generated trades that are sent in by users. The purpose of this is two-fold. First, it will give Radar users the chance to really understand how to use the tool properly. The Radar has a number of outputs, and changes throughout the day. Understanding how you could have better managed a Radar generated … Read More
SMB Radar Update for August 5, 2011
A little different today. A partial view of my favorite SMB Radar columns. Figured it’d be a good change of pace considering the 50 handle range in the market. Keep in mind these are moving at a much faster pace today. Good Trading