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
I Blog I Learn
Michael Martin from MartinKronicle.com wrote: Some of the most insightful things I’ve learned have come from students who didn’t know their backsides from a hole in the ground, but had the guts to ask questions that were way outside the box. And those questions got me thinking. As a teacher I’m better for those questions b/c frankly, I wouldn’t have … Read More
“One Good Trade” Review by Jeff White
Jeff White of The Stock Bandit Trading Blog recently reviewed Mike Bellafiore’s book One Good Trade: Inside the Highly Competitive World of Proprietary Trading.
The Psychology of Sizing (Guest Blog)
Below is a wonderful contribution to our learning/growth shared by an SMB Blog Reader and professional trader. **************** For the past 4 months I’ve been battling with risk management. It’s been my Achilles heel. Its has completely destroyed my consistency. I’ve made big and I’ve also lost big. I’d say that 80% of my trades have good technical structure and … Read More
Three Good Trades in CLDA
1. Buy 23 with a stop of 22.89 There was too much buying near 23 on the bid. The buying was VERY different on the tape. CLDA was still firmly positive for the day. Was this the possible bottom? I kicked some out at 23.60, some above 24 and sold the rest below 23.80. 2. Buy 23.60 with a stop … Read More