“I never think that there’s something I can’t do, whether it’s beating my opponent one on one or practicing another hour because something about my game is just not right.” Earvin Magic Johnson Hey Bella, Hope you are enjoying this gorgeous weather! I know you are probably being bombarded with e-mails because of your new book (which I am … Read More
SMB Morning Rundown – August 17, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Rundown – August 16, 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: Was that the Real Trade?
Yesterday I wrote a blog post stressing the importance of making the real trades intraday. One of our very experienced traders sent me this question: i traded JWN today… why did you want to buy above 32 when it had just closed the gap and showed no signs of holding support? to me, that’s a trade that flies in the … Read More
Where is the Real Trade?
As intraday traders we can be guilty of overtrading. Before the open and then intraday I ask myself: where is the real trade? SPY today? The real trade was to short near 109. You could make up other trades but that was the real trade. JWN? The real trade was buying a pullback when it spiked above the 32 level … Read More
SMB Morning Rundown – August 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.
Open Your Mind
Truth be told I am somewhat amused each morning when our intern AGray pops by my station seeking our “Best AM Idea” for the Open. I am a trader and not a predictor. As a trader part of your job is to identify the MOST important prices in a stock and if a stock touches one such price you are … Read More
The Market Doesn’t Care About Your Opinion (KSS)
The market doesn’t care about your opinion. If you have a problem with this, get over it. Today during our After the Open Review one our Newbs got a harsh tongue lashing for thinking he knew better than the market. This is a learning experience for us all. Iron Mike Mike made a great trade in KSS on the … Read More