Over the last six months or so I have reflected back on my trading and have changed my style a good chunk. I have realized that as part of my development to become a bigger trader I have to focus a lot of my energy on trades that are scalable when the market permits it. I can’t tell you how … Read More
Proper Preparation
Every morning before the market opens I review the list of my top trading ideas. Recently, they have mainly been long ideas as the market is a raging bull. But I’m always armed with a few shorts in case the market decides to come in. One of the great pluses of being a short term trader is that you can … Read More
SMB Morning Rundown – April 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.
SMB Morning Rundown – April 26, 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: Too Much Risk?
I received this email over the weekend from Reader David, a developing trader, improving daily: Hey Bella! How bout’ this market! Just so much opportunity, and great setups that I am seeing everyday. Today that trade was ABIO over 5. I got long 2 lots on the break and added above 5.50, sold out near the highs and waited for … Read More
It’s the Price Action Stupid!
Borrowing phraseology from the Ragin Cajun and former advisor to President Clinton, James Carville: it’s the price action stupid! Why is the market going up with unemployment so high, consumer debt outrageous, an environment where taxes must go higher, energy 5xs the norm, housing still depressed, access to credit stunted, expensive war expenditures, the Greece failure, a weak dollar, and … Read More
SMB Morning Rundown – April 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.
Traders Ask: The Benefit of Being an Idiot
I received this email from Reader Bob titled “Someone has to tell me to stop being an idiot like I was today”: Might as well be you :-). So overtraded, didn’t focus on my edges, missed my #1 set-up on LEN (top of my trade plan). The easiest $1 anyone will see when it walked through the top of the … Read More