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
What I love about options trading
I’m sitting here this morning in the offices of SMB capital in downtown Manhattan, making some notes in anticipation of a blitz I”ll be doing this week, recording the majority of the videotapes that will form the core of our options training program. It brought me back to my first days as an options trader and the intense excitement … Read More
SMB to Attend Security Traders Association of New York Event
Mike will be speaking about the status of Man and Machine in today’s markets.
No Excuses
I am too tired to rip through charts. This market is too hard. This market is too slow. It’s too nice out to stay for the close. I have to meet some buddies for drinks. I need a faster computer. My platform sucks. My firm doesn’t care. If only someone taught me (fill in the blank). I am not smart … Read More
Find the Least Competitive Stocks?
A sick, pretty well-known trading author walks into a Clearwater Beach breakfast treasure, hacking cough, in need of a shave and tan, with flipflops, shorts and a black penguin polo. Over scrambled egg whites and honey wheat toast he listens to another market veteran share his market wisdom. Almost eerily it is like listening to himself talk, with then some new … Read More
SMB Morning Rundown – March 28, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Building Your College Trading Club
Think back to when you first started learning about trading. The potential, the excitement, the learning curve, your first gain and your first loss. It’s a process we all went through. I read books, blogs, basically anything I could get my hands on. I definitely learned a lot, but looking back on my experiences, I learned the most by going through … Read More
Stock scans for 3/25
I talked quite a bit in the webinar I gave last week about using daily stock scans to prepare for the trading day. I also said I would post the scans I send to SMB traders for a couple weeks, so here they are for end of day Friday: http://www.scribd.com/full/51659164?access_key=key-1n2p1ltutjqqmqhxfg3u http://www.scribd.com/full/51659163?access_key=key-dla3wwlyk1truwh9csy