One of our new trainees noticed with frustration in his voice that he was getting stopped out more in his swing trades. Adam Grimes and I sat in my office discussing more little trades we were getting stopped out on intraday. I read about this complaint in the blogosphere and all things Twitter. Let me offer a potential reason. So you … Read More
@zentrader Reviews “One Good Trade”
@zentrader reviews One Good Trade
Traders Ask: How Do You Determine Your Risk/Reward?
Hi Mike, Just finishing your book One Good Trade with this take away. I am determined to master the skill of ‘reading the tape’, believing that to be the golden key to my future success as an intraday trader. Thanks for infusing me with new motivation. One question. I’m a little confused about how to actually measure the risk/ reward going … Read More
SMB Morning Rundown – January 26, 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 1/26
Good morning, In big-picture context, very little has changed over the past several days. Crosscurrents are the rule as large moves from one day are reversed the next, and there is little or no broad market follow through in most asset classes. This type of price action is perfectly normal in consolidation areas while the market backs and fills, and … Read More
Frustrated Trader (VMW)
I traded VMW on the Open. Home of the impossible 5 million shares and no liquidity. If anyone is into the whole HFT conspiracy/they are evil dogma replay this tape. Let’s see if we can learn from this rip. 83 was a level from the open. It was a level from the premarket and afterhours trading. There was resistance on … Read More
SMB Morning Rundown – January 25, 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 1/25
Good Morning Traders, Some interesting, and fairly large moves, in overnight markets demand our attention. World equities are pretty much off across the board, with a few exceptions. China is down a percent, most of Europe is also down a percent, led by the UK down -2%. Japan, Hong Kong, Ireland, Switzerland and Indonesia are all up this morning. US … Read More