Dear Bella, My name is (name deleted) and I am a twenty year old student at University of Florida. I have been following smbcapital on twitter ever since I saw you guys on Wall Street Warriors. I am more of a currency trader but recently I have been reading your morning rundowns and trying to trade the stock like how … Read More
Learning From a Reader Who Learned From SMB Blog
Today I received this email from a trader who learned from SMB Blog. Perhaps now we can all learn from him. Here are his trades: Attached is a word document with screenshots of a trade I made this morning. I used 2 of your recent blog entries to find a stock and implement your strategy. Probably one of the best … Read More
Lots and Lots of POT Buying
POT was in an intraday downtrend. It looked horrible on the intraday chart. 140 was a huge technical level on our longer term charts. 140 became a humongous intraday level and guys were buying both hands at a time near and around 140. I tried to tweet the unusual buying on the tape, but Twitter was on a siesta. … Read More
Morning Thoughts for November 4, 2010
Good morning traders. Big gap up in the market has us opening firmly above the previous week’s range in the market. We are now just a point in the SPY shy of the 52 week highs at 122.12 which should act like a magnet. Until this market shows us otherwise there is no point looking on the short side except … Read More
SMB Morning Rundown – November 4, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Paying Attention+Communication=$$
We have written many times about the importance of reviewing charts each night for a variety of reasons. One such reason is to spot patterns that seem to be most prevalent during a particular market period. Since earnings season began a few weeks ago I was noticing that quite a few stocks that were trending down in the morning were … Read More
Traders Ask: Trading Streaks and Trends
Mike, I have an interesting topic today. It’s about trading streaks and trends. One week ago, I sent you a question about the importance of trading stocks in play. After I received your response, I made some adjustments to my trading. Since then, I’ve outperformed with five consecutive $1,000+ days. This is a new level for me, and I’m very grateful … Read More
A Little Thing That Has Made a Big Difference
A simple change that has greatly improved my profitability in trading trends.