In Friday’s options post, we talked about the tendency of options traders to become enamored of a particular strategy simply because the trader is on a brief winning streak with that specific strategy. This propensity is particularly dangerous because market neutral income options strategies typically are entered monthly. So even a mere four month winning streak—only four successful trades in a row–allows … Read More
SMB Morning Rundown – February 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.
Morning thoughts 2/8/11
Good morning traders, Rather than clouding the picture with a lot of potentially superfluous information this morning, let’s focus on the key divergence in the US market. The chart below shows the divergence between large caps and mid caps in the US market, illustrated here via S&P 500 and Russell 2000 cash indexes, though the exact choice of index is … Read More
Traders Ask- 5m Chart to Read the Tape?
Question: Gents, ‘ve been looking a lot at volume lately and would appreciate your insight. Would it make sense or enhance our trading if a trader used a chart that showed at what past price most of the volume occurred at during a particular timeframe. For example if over a bar of 5 minutes a stock moves from 8.50 to … Read More
Free Webinar – Pre-Market Trading
If you missed Steve in his 4th and last free webinar of 2011 discussing pre-market trading, a very important skill set for professional short term traders, please click here to watch the recording.
SMB Morning Rundown – February 7, 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 2/7/11
Good Morning Traders, I will be in and out of the office this week, so keeping today’s comments a little shorter than usual. In general, there are 4 macro themes I am watching this week. Interest rate futures (10 and 30 year) have a pretty good longer-term sell setup. This is an outright directional play, but also has implications for … Read More
Sammy’s Journal: Rolling With The Punches
At the beginning of the year I had goals for myself, which I did not achieve. So, I asked myself “what can I change in order to achieve these goals going forward?” I made a few changes and made it through a wild week, which turned out being my best week so far. The month started like this: Tuesday: Good … Read More