I received an interesting email yesterday from a nice gentleman from Indonesia (SMB gets lots of inquiries from all over the world) who has expressed an interest in SMB’s options training course that we will be launching in May. Pete has studied options trading through literature and has experienced some early success. What I found so interesting about Pete’s email, was … Read More
Traders Ask: How Do You Detect Overconfidence?
Hi guys After a rotten 12 months I’ve had a cracker of a month not just with the recent bull run but with the preceding drop also. This has occurred after stepping back, refining a trading entry methodology based around volume (exit and money management are already in place) and focusing on this play. Obviously I’m proud of myself, but pride … Read More
SMB Morning Rundown – March 30, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
3/29/11 Stock scans
Here are the scans as promised in last week’s webinar.
The Shake, GMan, the Newbs and ETP
50.50 was the important technical level we were hawking in ETP. Stock In Play. We have our level. ETP opens below, does tons of volume just below the level, and then holds above 50.50. Long right? Easy right? Well if only trading were that easy. Yes we want to be long. But can we stay in the long while responsibly controlling … Read More
SMB Morning Rundown – March 29, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Stock scans for 3/28/11
Here is the sheet from last week’s webinar: link here
A LULU Lesson
There wasn’t a lot of fresh news today so the focus of SMB’s AM Meeting was Second Day Plays and Technical Setups. SDPs are setups in stocks that were In Play the prior trading day and tend to offer some well defined opportunities for a few more trading sessions. TSs are setups based on a longer time frame technical pattern … Read More