“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.
A Trade Idea For Tomorrow
POT has been a pretty good trading stock recently. After putting a double bottom in place on June 8 it traded up about 10% before establishing a fairly wide trading range between 98 and 101.60. Today it close below 98. I will look for more downside tomorrow using 98 as my initial short price in the morning. I’m looking for … Read More
Traders Ask- When Do You Buy? (Breakout Trade)
I received these questions from Reader Renato: Hi Mike, Hope this mail will find you well. I watched your stocktwits video on breakout trades (AEM trade). Since that is one of the setups I find most appealing, decided to ask you something. Very often, breakouts don´ t offer a lot of opportunities to enter the trade, since there is a … Read More
SMB Morning Rundown – June 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.