This Monday we made a Momentum Scalp Trade in Visa, stock symbol V. Perhaps you can make this trading pattern your own. Let’s set up the trade: On Monday June 21st V exploded intraday. Monday afternoon U.S. politicians reached an agreement on the regulation of interchange, or “swipe” fees on credit and debit card transactions. This language was expected to … Read More
Trading Quote of the Day – June 25, 2010
“The most important change in my trading career occurred when I learned to divorce my ego from the trade. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. … Read More
SMB Morning Rundown – June 25, 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 Quote of the Day – June 24, 2010
“If past history was all there was to the game, the richest people would be librarians.” Warren Buffett
SMB Morning Rundown – June 24, 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 Quote of the Day – June 23, 2010
“All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.” Jesse Livermore
A ?4 the Trading Community- How Do I Trade BP Now?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
SMB Morning Rundown – June 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.