Those who follow the markets closely have heard the expression countless times “the market takes the escalator on the way up and the elevator on the way down”. This simply means that markets tend to go down in price a lot more quickly than they go up. Today the SPY eliminated three days of gains in one massive down day. … Read More
Radar Alert: Price Spike in JNPR
This is a trade I made today in JNPR. At 1:14 and 1:15pm the Price Spike Alert went off for JNPR on the Radar. At this point I was involved in a few other names so couldn’t follow it too closely, however once the extreme Price Spike (they are ranked) went off, I knew I had to focus on it. … Read More
Options Tribe
Tuesday, June 7, 2011 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 options trading. This week a Tribe member will demonstrate his … Read More
Free Webinar – How to trade an IPO – An example in YNDX
Thursday, June 2, 2011 Gman will be talking about how to trade momentum in an IPO right when it opens and once it settles in that first hour of trading. Tape will be shown about trading into a position in YNDX, a recent IPO. Title: How to trade an IPO – An example in YNDX Date: Thursday, June 2, 2011 … Read More
What do you need to fix first about yourself before you can become a better trader?
I was at dinner last night with a highly successful manager. She had just landed the top account at her multi-billiondollar financial firm. Over fettuccine noodles and chicken Pad Thai she continued that the firm contemporaneously placed her into a special training program for their star performers. Her boss warned that the program would be difficult, expose her weaknesses and uncover uncomfortable things about … Read More
A signal from the tape (RIMM)
With all things algos these days stocks rarely repeat for size at the same price. Instead of 41.70 just repeating on the offer. There is some at 70c, some at 71c, some at 73c, some at 77c as the sell algo lifts to see if the buyer will pay higher. So when find a seller selling at the same price, … Read More
SMB Radar Update for June 1, 2011
The Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have weak opening drives and continuation moves. The idea here is to find opportunity in the 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
The Trading of Past Trading
Dr. Andrew Menaker, noted trading psychologist, and I spoke briefly on the phone today about a lecture he will give to SMB. He asked for topics. I gave one and then another which I am pretty sure gets undercovered. We talk and write often about trading on tilt. That state of mind where your judgement is impaired, literally, and you … Read More