Yesterday we challenged some new traders to review their day and create a path to 1k. Making more is about finding the set ups that make sense to you and trading them with more size and more often. This exercise guides the new trader to singularly focus on these trades and the mindset of doing better. One new trader sent … Read More
SMB Morning Rundown – February 10, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 2/10/11
Good morning traders, For many, many weeks, the pattern has been that every dip is bought. Every selloff finds ready buyers, and, so, there has been a complete lack of downside momentum on any decline. It is difficult to read a market that is consolidating sideways on low volume, so both bulls and bears are watching for a break of … Read More
Traders Ask: What’s the Best Setup for Newer Traders?
Adam answers a reader’s question about the best trade setups for new traders to start with.
Expectations: A Conversation with New Traders
After the close I had this discussion with some new traders: Expectations are so important in skill endeavors. What would be a great day for you? Making more is really about finding the plays that make sense to you and trading more of these set ups and with more size. There is no secret formula to this. Each person must find … Read More
An Opening Dive, a Pullback and a Breakout (RL)
We had excellent news from RL this AM: Here are some trades you might consider making your own: 1) Opening Drive. If RL doesn’t tick down on the open and their is protection on the bid, then pay the offer and play the momentum. 2) The Pullback. So you missed the opening drive and still want in with this RL. … Read More
SMB Morning Rundown – February 9, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 2/9/11
Good morning traders, I’m fighting some more computer gremlins this morning, so this will be very short and to the point. This morning, we find work equities down in reasonably large moves. Asia is off 1+ – 1.7% across the board, and Europe is down roughly 0.5%. Note that Australia, Japan and German all made 52 week highs overnight, failed … Read More