Day trading profitably requires Reading the Tape. Reading the Tape is a skill. It’s a skill that can be learned. However, it doesn’t always come easy to the beginning or underperforming traders. Listening to Simon is tape reading in its purest and simplest form. Learning to Read the Tape in a manner that simplifies your thought process frees you from … Read More
Is it Possible to Day Trade AND Employ Non-Directional Options Spread Strategies?
On the surface, the intraday trading strategies of equities and non-directional options spread trading would seem to be mutually exclusive. Day trading depends to some extent on strong directional movement that allows the day trader to get long or short a stock at at the right time and then ride that direction until an opportune time to exit emerges. Non-directional … Read More
SMB Morning Rundown – April 11, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Gameplan Video Review
In this video recap Steve Spencer discusses how the stocks from SMB’s Morning Gameplan from April 7th traded intraday.
KISS (Keep it Simple..) Trading Lesson: Play Simon Says To Win
Simon says touch your nose Simon says grab your ear Simon says get long $REE Get short $MCP … you lose! If you can learn to play Simon Says your trading will improve. If you listen to what Simon (your screen) says you will increase your chances of becoming a consistently profitable pro intraday trader. When you listen to the … Read More
SMB Morning Rundown – April 8, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
4/7/11 Stock scans
Here I will post these one more time over the weekend along with some thoughts about how you can design something like this yourself. If you have any more questions, please ask them here and I’ll answer them.
SMB Radar Update for April 7, 2011
These are the top 5 stock on today’s Opening Range column on the SMB Radar. The opening range filter records a static snapshot of the Unusual Movers at 9:45. These are stocks which had an unusual move in early in the session compared to historical opening ranges. Today’s Opening Range stocks are all in bright red, which means they are … Read More