Imagine a major league baseball game, where your favorite team gave up no runs for the first eight innings and then twelve runs in the ninth. Are you happy if the opposing team gave up one run in each inning of that same game? Of course not. The opposing team won 12-9. Yet the opposing team “lost” each of the … Read More
A Reason to Lighten Up
Everyone wants to get big. Great goal. To trade big responsibly you must have ways to lighten up. Today was one just way in QCOM. So Solo J was in QCOM and looking to get bigger. QCOM was nicely above the longer term resistance at 53. QCOM was also cleanly above a slight intraday level of 53.50. A solid opening … Read More
College Traders Speaker Tour
Mike Bellafiore will be speaking at Indiana University to potential up-and-coming traders. There has been a significant interest in trading among college students. SMB just started an in-house internship for college underclassmen to take our training program during a five week summer session. In this new age of trading, students have an edge if they can develop the skills early … Read More
SMB Morning Rundown – March 21, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Grit: The Better Measure of Potential Success
Jonah Lehrer of The Frontal Cortex shared some important new research on the importance of grit. We can use his thoughts to help us become better traders. The second takeaway involves the growing recognition of “non-cognitive” skills like grit and self-control. While such traits have little or nothing to do with intelligence (as measured by IQ scores), they often explain … Read More
Are We Reading This Wrong?
It seems like I saw a thousand tweets this week about this paper, published in the Proceedings of the National Academy of Sciences of the United States of America. The general sense was that the article supported trend following, specifically trend following for day traders, as a profitable trading strategy, but after reading the paper, I came away with a … Read More
SMB Morning Rundown – March 18, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Goal Setting: A Conversation with Chicago Sean
Chicago Sean has become a daily must read since he burst onto the StockTwits Blogosphere. An experienced trader through many markets earns my ultimate respect immediately. I want to read what he has to say. Trading is a very difficult job. Many can’t. And many fewer can’t through different markets. Chicago Sean tackled the important topic of goal setting the other … Read More