Selling a retest of broken support can be a great setup.
SMB Morning Rundown – November 12, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: How Do You Get Hired as a Trader?
Hello Mike B. Great book I must say. Very inspiring. Thank you for the quick response. I must ask though since you are the co-founder of SMB what should I do in school (academics to increase my chances of employment at SMB? I know from reading your book that HR pretty much decides if they want to interview an applicant so I have … Read More
The Clean Held Bids Matter Most
Young Leo was chirping ANW and its PMKT action. We laid out some prices that were most important for the Open: 9.50, above 10, at the PMKT low. ANW leaked higher to above 10 which caught our attention. Now let me take a step back. We use the Level 2 to help us make trading decisions. We combine our Reading … Read More
SMB Morning Rundown – November 11, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Trade of the Day (RIMM)
Spencer was chirping to watch RIMM. It traded in a range between 56.40 and 56.80 after showing some strength on the open. I bought a pullback to 56.61. Spencer remarked,”You just bought in the middle of the range.” These words were innocuous on their face but he meant: WTF is wrong with you jackass. Buy 41c or 81c or do … Read More
Trade the Trader: Book Review
Quint Tatro’s Trade the Trader is a book that delivers something different and unique to the trading literature. It’s a book of insight and value for the trading community and a work written by a pro’s pro for future pro’s pros. Thank you, Q! So what’s inside? Q shines a light on the differences between anticipatory and reactionary trading, weighing the … Read More
Traders Ask: Flat B4 Macro Events?
Question: Last week I went flat to cash in anticipation of the election, FOMC, and monthly jobs report. What a bad week not to be long. Do you consider broad, macro events like the FOMC, monthly jobs reports, Chicago PMI, consumer sentiment numbers etc. etc. in deciding whether to buy, hold, or sell positions? Do you ignore these macro events and … Read More