This AM I tweeted that VMW was a long if it was holding above 80. VMW got on my radar last night when I saw an article on the WSJ site that it was investing in the “cloud”. For those of you who aren’t aware of the “cloud” it is the buzz word du jour with respect to technology firms. … Read More
What is Your Big Picture?
Every trader must see their big picture. At SMB we make trading decisions based upon three factors: Reading the Tape, Technical Analysis, and Intraday Fundamentals. We teach our traders to think of a big circle with each of these factors inside. How do you determine your big picture? Today during an informal discussion one of our new SMB Training traders, … Read More
SMB Morning Rundown – August 30, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
My Book is Sold Out: A Social Media Tale
My book One Good Trade is sold out. This took three weeks. A rush reprint will be underway soon. Save a few exceptions, it is now only available on the Kindle. I was told, “This has never happened before with a trading book.” This is a social media tale. I considered hiring a PR firm to rep my book before … Read More
An important market pattern
A high-probability trading pattern that offers good risk-reward with clear risk management points.
SMB Morning Rundown – August 27, 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 Record Your Trading Screens?
Reader John asked: Mike, I just got done reading your book and I loved it. I thought it was the best trading book I have read. I have been a full time prop trader for 6yrs. and read a lot of books and found yours extremely valuable and enjoyable. Your book spoke directly to me as a very active prop … Read More
SMB Morning Rundown – August 26, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.