I received this email from a reader: Hi Mike, I caught your stocktwits segment on Sunday (I believe) covering the TSLA IPO. Now… as I’m watching it drip lower I’m wondering at what level if at all would GS or the underwriter support it? Where would you look to get interested in buying? 18 looks like the line of defense … Read More
Trading Quote of the Day – July 6, 2010
“It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!” Jesse Livermore
SMB Morning Rundown – July 6, 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 – July 5, 2010
“You learn to distinguish the good traders from the bad, the successful techniques from the unsuccessful, and the good habits from the faulty. You also learn to distinguish the lover from the fighter, the winners from the losers, the serious from the frivolous, the cerebral from the superficial, and the friend from the foe. But above all, you learn that … Read More
In Pursuit of Happiness as a Trader
Why do we trade? A majority start mostly to make money. In its best form to provide financial stability for their family. In its worst to mask some personal insecurities. Or maybe neither and trading is just something you are doing because life offered this path and you started walking. “Trading is a zero some game,” say many. And if … Read More
Trading Quote of the Day – July 2, 2010
“The way to build superior long-term returns is through preservation of capital and home runs…When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.” Stanley Druckenmiller
SMB Morning Rundown – July 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Be Like Travis
I talked with a recent college graduate the other day. Nice kid. Well dressed. Polite. From one of those upper middle class lacrosse playing Long Island towns. On paper an excellent fit for most trading desks. This young man has no business being on a trading floor, considering being on a trading floor, or hoping to be on a trading … Read More