“Burn the boats.” I cannot stop thinking about this video introduced to us by crosshairstrader. If you are a serious market participant please watch it. There is a lot of this market is too hard out there. When I first started trading we had one CRT monitor. We had no charts. There was no newsfeed. Our trading system would … Read More
SMB Trade of the Week: TSLA
Watch SMB Trade of the Week, a Momentum IPO Trade in TSLA
Book Review One Good Trade by Dr. Steenbarger @ Seeking Alpha
Dr. Steenbarger, author of the The Daily Trading Coach, reviews One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading) in this article at Seeking Alpha. From Dr. Steenbarger: Prop trading firms have traditionally been quite secretive about what they do and how they do it. Mike has lifted that lid, offering a variety of lessons that … Read More
SMB Morning Rundown – July 23, 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: Determining Your Stop
Dear Bella, Where would your stop loss be for the lot you added when the sellers won at 76? More importantly, how does one determine the right spot to place your stop loss or your “line in the sand”, so to speak? I also traded BIDU today and I had 76.50 and 76.00 marked as key levels. I missed my … Read More
Don’t Give Away An Edge
The market had a broad rally on Tuesday. When we came into the office on Wednesday we cautioned our traders against chasing moves in stocks that could be a bit overextended when the market opened. Our thought process was to look for safer long entries based on the prior day’s support levels. I think you probably know how the rest … Read More
SMB Trade of the Week- Important Technical Resistance Level Trade (BIDU)
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 an Important Long Term Technical Resistance Level Trade that … Read More
SMB Morning Rundown – July 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.