One of our new traders poked his head into my office yesterday and asked,”What do you think of TSLA?” I had read a few things about the IPO but nothing that led me to think it would be especially hot. The whole electric car thing is cool but I didn’t feel the hype (think huge margins and a ginormous upside … Read More
Trading Quote of the Day – June 29, 2010
“This (Trading) is not a job where you get paid by the hour. You get paid for doing the right thing.” Vadym Graifer & Christopher Schumacher, Techniques of Tape Reading
SMB Morning Rundown – June 29, 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 28, 2010
“When reward is at its pinnacle, risk is near at hand.” Jack Bogle
SMB Morning Rundown – June 28, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Back to Basics (Part One of Many…)
The first in a series of blog posts on the building blocks of technical analysis
The Financial Media, Game Change and Trading
We learn in Game Change that John Edwards rose to serious presidential candidate with a pregnant mistress. He was running as a devoted family man. In this same book we learn that John McCain’s staff legitimately wondered if Sarah Palin was psychologically stable, yet she was the VP selection for the Rs. Everyday trading gurus go on TV and make … Read More
Momentum Scalp Trade (V)
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