Beating the Grind – $SPY $IWM $QQQ
The recent volatility has brought the major indices In Play, this broad market movement tends to have the “lift all boats (stocks)” effect, making the ETF’s like $SPY $IWM $TNA $TZA great trading vehicles. However they aren’t always going to be the best option at every point in the day, especially since the market has started to base (albeit a … Read More
The market requires a tuition to participate
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