Imagination is more important than knowledge… Albert Einstein We just got out of a Tradecast where one of our traders confused himself because he valued every level equally. All levels are not created equal. Before entering a trade you should ask: where can this stock go? During our Tradecast New Trader Mike showed tape of APC where he had two … Read More
Trading Quote of the Day – July 12, 2010
“Knowledge arises from experience. Just as a musician practices diligently to become a concert pianist and an athlete spends uncounted hours on the court to become a great tennis player, a trader must gain experience through actual trading to become an expert trader.” James F. Dalton
SMB Morning Rundown – July 12, 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 – July 9, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
A Small Rip Can Lead To A Big Chop?
I foolishly decided that buying NTRS on a pullback to 48.50 this morning was a great risk/reward trade. NTRS had broken its recent downtrend yesterday and closed at the high of the day on good relative volume. In my many years of trading this has proven to be a high percentage play. BUT during the past three weeks I have … Read More
Trading Quote of the Day – July 8, 2010
“… remember that both in short-term trading and mechanical systems, the distribution of winners is skewed. Most of a month’s profits might come from only two or three big trades. Much of the time the individual profits may seem small, but more importantly the losses should be small too.” Larry Conners
SMB Morning Rundown – July 8, 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 on Wall Street Warriors – Part 1 of 4
Wall Street Warriors, a documentary that details the lives of various Wall Street entrepreneurs, features SMB Capital. Watch as a new trainee, fresh out of college, joins SMB in hopes of developing the skills needed to become a consistently profitable trader.