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.
A little fun – No need to complain more about HFTs
Days like today make me wonder why we often complain about HFTs so much. I mean think about it. All you had to do was do the following: 1. Buy SPYs at 103.02 on the open at risk below 99c. Ultimate piker play 2. Buy BIDU at 69.80 and risk below the magic 75c level 3. BUY AMZN at 111.05 … Read More
Trading Quote of the Day – July 7, 2010
“If you don’t know who you are, the stock market is an expensive place to find out.” George Goodman
SMB Morning Rundown – July 7, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Unusual Prices Are A Better Bet In An HFT Dominated Market
I was trading FCX this morning. I noticed a clear buyer at 60.90 during the Open. In the late morning the buyer dropped and I got short. FCX traded down about 30 cents over the next ten minutes. It then did a bit of a short squeeze up to 61 before trading down to its opening price of 60.20 From … Read More