As I view the list of stocks I traded today and their corresponding P/L I definitely see a pattern. GME, FDX, and NKE all green. APOL a big red. I have written many times about the value of trading stocks with fresh news. Stocks that we refer to as “In Play”. During earnings season there are a huge number of … Read More
SMB Morning Rundown – March 18, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
WRONG OR RIGHT I STILL WIN (FUQI)
Developing traders overvalue being “right” with their trades. Many mistakenly believe that you have to be right with your thesis to make money in a trade. Oh so young, so naive 🙂 Consistently profitable, experienced traders can make money when they are right and when they are wrong. Heads I win. Tails I win. A spot on example of … Read More
LONG OR SHORT (FUQI)?
FUQI is a perfect example of how we must make trades our own. How we must develop our own playbook. I am short FUQI from 12.60. The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. My win rate is probably 10 percent for such a set up. It … Read More
SMB Morning Rundown – March 17, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
GOALS ACHIEVED
I received this email from Reader David: Good call Bella! Things are really starting to click for me, letting some plays work over the course of 1-3 days has been where I have been making most of my $. IMAX was a good example last week, i caught 4 points over the course of a week.And this MGM I got … Read More
Them silly small caps move cleanly…say what?
Yup that’s right. Lately I have been a holder of a good chunk of those small caps. It requires a ridiculous amount of patience for them to move but when they do, boy can they actually move in an orderly fashion. Take for example CHTP, I’ve been long for about 6 days already but has been a relatively easy hold. … Read More
If Only They Were All This Easy…
I managed to pick up some MGM at 11.22 yesterday. I was risking about five cents on 1200 shares. I considered my initial upside to be around 11.80. But ultimately I was looking for a breakout above 12 with upside to 13.80-14. When I came in this morning MGM was trading slightly higher than 11.50. My trading plan was to … Read More