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 for October 4, 2010
Good morning traders. SPY’s continue to trade in a 2 point range as we digest the markets previous upswing. This action can be seen as positive for the market given that buyers are willing to accumulate the market at these levels. We can see rotation taking place as the laggard sectors are catching up while the leaders (tech) are taking … Read More
From Bad to Great- A Trader’s Steps to Improve Performance (Examples)
Yesterday we blogged how one of our underperforming traders improved his results. Some of our Readers asked for examples and our trader obliged: Hey Bella, I’ve attached 2 charts – one breakout trade of SLB on 9/29 (10min candle chart) and one breakdown trade of AEM on 9/21(15min candle chart). The line on both charts indicates high/low for previous day. … Read More
Gaining an Edge: The Importance of Using Statistics in Your Trading
I received this email from a reader, excellent developing trader, and potential future trading star. It needs no editing and has awesome value to traders. SMB Chop Tracker Bella, Came across this article that I thought you might like. It’s written by one of my brother’s poker friends. This guy happens to be one of the best NBA sports bettors … Read More
From Bad to Great: a Trader’s Steps to Improve Performance
One of our traders went from flagged for underperformance, to Most Improved, to one of our better traders. How did he do this? Hey Bella, One of the things that has really helped me has been going back and studying the charts of all of my winning trades and finding similarities in the chart patterns and taking a … Read More
Gap Study (3/3)
The last installment in a short series on gaps, showing how to apply quantitative thinking to market problems.
A Bucket of Trades
Let’s say I told you I wanted to improve my golf game. Specifically I wanted to get better at driving the ball. Currently I can drive the ball about 250 yards because I am no good 🙂 And I continued that yesterday I worked very hard on game. I went to my local driving range, parked the Lexus (the car … Read More
Morning Thoughts on October 1, 2010
Good morning traders. Yesterday I wrote that “I will be watching XLF and OIH as market tells; we need to get some more sectors involved if the rally is really going to have some legs in it.” Indeed financials worked as a very good tell. Its very important whenever the market is a major inflection points that you understand what … Read More