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: Why Don’t You Trade Light Volume Stocks?
Hey Mike. Hope you have had a great weekend. In your book (In Play section) you mention you prefer the stock to do at least 1 million shares, and that you stay away from stocks where the daily volume is likely to be less than 600k shares. The thing that makes me confused is that this makes no sense to me … Read More
SMB Morning Rundown – September 14, 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: Do I Have to Go to the Right School to Become a Great Trader?
I just turned 19 over the summer and I’m a student at UNC-Wilmington. I’ve been interested in trading stocks and options (mostly options) for a few years now as my father day trades some, but he’s a carpenter so he can’t watch the market all the time so he has had mixed success. I’ve done a fair amount of paper … Read More
SMB Morning Rundown – September 13, 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 I Get Better on Saturday?
Hi Mike, One of my goals for this 2010-2011 trading “school” year is to work six days a week instead of five. The other is to strive for perfect attendance. With regards to working on Saturday’s, I’m putting together my routine. These are the things that I plan to do. Review weekly P&L & Ticket averages (i.e. My Numbers … Read More
The Nibble Trade- (RIG)
RIG was the best stock intraday. 56 has been a huge level. Thursday during the AM meeting Jersey Shore highlighted this level. During the AM meeting Friday he did as well. Intraday he called out, “RIG above 56.” GTL. Gym…..Trading……Laundry. And yet some on our desk did not catch most of the move. Why? 1) All levels are not created … Read More
Interpreting Price Action: Unveiling Support and Resistance
An important element of price action that can give a trader some insight into the probability of support/resistance holding or failing.