A passage from The Economist that may help our trading- The referee’s an anchor: A new book looks at the behavioral economics of sport “Loss aversion”, the tendency for people to care more about avoiding a loss than about making a similar-sized gain, is rife even among the greatest champions. Evidence from a huge database of near-identical putts shows that, along with … Read More
Knowing when a stock should move can be more important than picking its direction
Most traders make a whole lot about picking the direction of a stock. A very important skill talked little about is knowing when a stock should move. After you see something of the Tape you know the stock is now likely to move. We saw that a few times in PCX. Sometimes this skill is more important than actually picking … Read More
SMB Morning Rundown – April 1, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
3/31/11 Stock scans
Here
SMB Morning Rundown – March 31, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
3/30/11 Stock Scans
Here are today’s scans. (Answer to the question about how these are created: They are scans based on codes and algos I built. They run in TradeStation.)
Mastering Chess Trading: Insights from Pete in Indonesia
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