Question: Hi guys In Mike’s great book he talks often of “buying right” most often using limit orders at resistance/support levels and on dips during a momentum trade. For a while I’ve struggled to find the best time to do this. Can you please tell me, using a long trade as an example, do you place your limit order at … Read More
SMB Morning Rundown – September 23, 2010
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…
Good morning traders. Hard down move in the overnight futures confirms the break of the rising trend line in the s&P . In my view this is the start of a consolidation in the markets. In terms of my strategy, I am going to look to keep my trading very light. This is not a time to start loading up … Read More
Traders Ask: Violating My Risk Parameters
Dear Mike, I hope that my email finds you well. One of things I’ve learned about trading at a proprietary firm, is that the best traders are also the most honest traders. They’re honest about their numbers, their mistakes and weaknesses as a trader. Today I took a real close look at my trading weakness. I want this to become … Read More
My Radar Trade In JCG
At 9:45 I glanced over at the SMB Radar, our proprietary scanning tool, and saw JCG towards the top of the volatility spike column. I punched it up on my platform and it appeared to be a pretty good short set up. It had just a had a strong opening drive through the prior day’s two key support levels and … Read More
A Trader’s Thoughts
Today was an inside day after yesterday’s market break. Statistically this was the most probable outcome. The price action for the bulls today was terrific. Again. I have no evidence that we are heading down from the price action of late no matter what the proselytize via the blogosphere and traditional media. And so what am I thinking about to prepare for … Read More
RIMM – follow up post-earnings
A look at RIMM as a second day play using intraday technical patterns.
SMB Morning Rundown – September 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open