New science indicates that we can improve performance by watching. I started thinking about this while daydreaming on a pool chair at the St. Regis overlooking Hanalei Bay, one of the ten most beautiful beaches. When I was younger I was an excellent passer in the sport of basketball. I could never understand how others couldn’t see the floor like … Read More
Morning Thoughts for December 2, 2010
Morning thoughts today from Adam Grimes from the Macro report: For now, the situation is simple. If the market is able to hold these gains and hold above recent resistance (now potential support around 1,200 S&P Cash), then there is a very high probability that we will close the year on the highs. If not, and if we fall back … Read More
SMB Morning Rundown – December 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Can a Smaller Stop Carry More Risk Than a Large Stop?
Thinking about stops in terms of probability and expected values.
Traders Ask: Any Advice on these Trades?
Mike, I’ve been lately having a hard time executing my trades properly. I find the setups, my analysis is correct, yet myfingers don’t follow up with my brain! I wrote a blog post about it, and reach out to you to tell me what you think could be done. http://bit.ly/gtTprL Hopefully you’ll have time to look at it and perhaps … Read More
Better Stop Prices
During a group meeting a New Trader shares,”I set my stop at 75c.” I say, “Set it at 74c.” Later a New Trader discussing another stock shares, “I set my stop at 35.04.” I reply, “Set your stop at 6c.” Yesterday in The SMB Blog we asked one of our readers to consider a better stop for a trading play. … Read More
Morning Thoughts for December 1, 2010
Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today’s session we have a large gap to the top of the two week range. I am going to be cautious … Read More
SMB Morning Rundown – December 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.