Watch SMB Trade of the Week, an Intraday Reversal in BP.
SMB Morning Rundown – July 19, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Future of Intraday Trading
A few years ago two of our best traders knocked on my office to chat. They had an idea. They were interested in trading a swing account with the firm. I suggested that they come up with a list of patterns they wanted to trade and come find me. They never reapproached me with specific enough set ups and worse … Read More
Intraday Trading Principle
Basic Principle: If a stock moves quickly in either direction accompanied by a huge surge in volume then all trades placed in that stock should be made on the side of the initial move. Examples: MON (11/9/09) TIVO (3/4/10) (5/14/10) V (6/21/10) GS (4/16/10) (7/15/10) BP (6/9/10)
Trading Quote of the Day – July 16, 2010
“The markets are not random. I don’t care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has … Read More
SMB Morning Rundown – July 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.
Trading Thoughts & Afternoon Shenanigans
What an interesting session today. Came in short a healthy amount for what I usually take home overnight. The economic data this am at 8:30 made it a little uncomfortable to hold but I had my plan. Lifting and holding above 1100 on eminis I had to be flat, that was my line on the sand. Luckily there was a … Read More
SMB Trade of the Week: A Resistance Trade (JPM)
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share with you a Resistance Trade in JP Morgan, stock … Read More