A stock that trades poorly on the open may get better midday. – Bella
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here
AAPL “unpins” at 3pm on Friday–problem or opportunity?
Options tribe member Craig Wassenberg and I were corresponding as usual last Friday as the July monthly options expiration day had arrived. I asked Craig what he was watching and his reply was not surprising–many of the usual suspects including GOOG, AAPL and BIDU. Craig was concerned about trading GOOG, given its monster reaction to last week’s earnings–not the safest environment … Read More
SMB Morning Rundown for July 18, 2011
Market gapping down this morning prmkt. we have already touched the130.70 support and had a small retracement. the real earnings season starts this week with BIDU and IBM reporting after the close today. we will have a greater understanding of psych of mkt as earnings role out this week. remember that earlier this month it seemed like we would break … Read More
SMB Morning Rundown – July 15, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Minds of the MoMos
In The Stocktwits Edge I write about the fact that I have spent most of my career trading stocks that are followed by a very distinct and specific group of traders. The momentum hedge fund traders who I like to refer to as “momos”. I have observed how they move internet IPOs, secular growth stories, and other various tech startups … Read More
How I Will Trade Earnings Season (a response)
I received this email which frankly was so much better than my post today that I had to share… Thanks for the blog post today on “How I Will Trade This Earnings Season”. It provides focus for thought and more efficient preparation. As a tool to get better as a trader, I developed a spreadsheet to collect and categorize data/results … Read More
Trading Thought of the Day – July 14, 2011
I look at a hundred deals a day. I pick one. – Gordon Gekko