In the final 3.5 hours of trading Friday we touched 109 three times on the SPY and 110.30 twice. Generally, this type of up down action does not instill much confidence in market participants, and many believe it is a sign of lower prices to come. I’m not in that camp. Someone definitely was dumping a couple of billion dollars … Read More
Traders Ask: What is the Proper Exit on a Swing Trade?
Reader Alex asked: My name is Alex and I’ve been swing trading for two years. I’ve been reading SMB’s blog for a while, and really enjoy the posts on trader development. I have recently journaled a question that emerged during two of my recent short trades. I believe that this question relates to intraday trading as well. Depending on conditions … Read More
Embracing the Value of Keeping Charts by Hand
Keeping price charts by hand can shorten your learning curve.
SMB Trade of the Week: Visa
Watch SMB Trade of the Week, a Resistance Trade in V from Mike Bellafiore.
SMB Morning Rundown – May 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.
Maximizing My Weaknesses
Today I maximized my weaknesses. I found the set up that is a trading weakness for my system, traded it with size, and now sit with a P&L that represents the worst of my trading. In one sense this is quite impressive. I did not just underperform this open. I did as poorly as I possible could. Fresh news … Read More
SMB Morning Rundown – May 27, 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: Simulation
I received this question from Reader Dhroov: I want to thank you and your team for all the time and valuable information that you put into your blog and videos. I look forward to clicking on my browsers’ “SMB’ favorites link each and every day to catch up on what you and your team are thinking and writing about. I … Read More