I was interested in shorting CLF this morning below 73. My price alert was triggered when CLF dropped 73. It traded down over the next few minutes to 72.50. I offered some stock at 72.88 thinking that CLF would quickly bounce back before downtrending for the day. CLF did pop up to 72.85 but never traded up to 88 cents … Read More
FRESH NEWS AND A LEVEL (VZ)
Not all levels are created equal. As traders we must differentiate which levels are most important. Less important levels require more checks for us to take positions. Well fresh news just might be one of those checks. VZ had fresh news today. From Forbes.com: Rumors have been circulating that a new Apple ( AAPL – news– people ) iPhone, equipped to operate through Verizon Communications’ ( VZ – news – people … Read More
SMB Morning Rundown – March 30, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
All “LEVELS” ARE NOT CREATED EQUAL
During a midday lecture with our new class we discussed the trade in BA above 73.40, “a level”. One of our new traders reasoned, “BA got above the level so I bought.” I stood up, paced to the front of the room, and started teaching. We don’t just buy a stock because it is above a level. Or do we? … Read More
Trader to Trader: Why You Shouldn’t Trade Alone
Bella sits down with MoneyShow.com to discuss the benefits of sharing information and trading as part of a team.
SMB Morning Rundown – March 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.
Traders Ask: How Do I Work on My Stubbornness?
I received the following email from reader Brent: Dear Bella, I have followed SMB Capital since WSW on Mojo and have been following the blog for several months now. I am impressed by the quality of content that you guys release and it has helped my trading greatly. I am a remote trader for a prop firm and have been … Read More
SMB Morning Rundown – March 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.