UConn lost to Pitt last night. ARod was to hold another press conference. For a UConn and Yankees fan there were a lot of distractions today. BTW what is Boli? Also we had President Obama signing the stimulus bill. We had the market open down 3%. GS finished down 11.25. You know just another day at the office. 89.80 was … Read More
SMB at Trader Expo in NYC
SMB has been invited to present two free workshops at the International Traders Expo, which will be held at the New York Marriott Marquis Feb 21-24. We invite you to join us at these workshops to learn more about our proprietary trading methods and the skills necessary to become a consistently profitable active trader. I have included a summary of … Read More
The Impact of Computer Programs on Short Term Trading
One of our readers asked a great question recently in response to our blog posts. Our reader, Sandor, pointed out that we have the tendency to write about the computer programs that populate most active stocks in the market. But we haven’t really explained fully what they do or their impact on us short term traders. So I want to … Read More
Respect The Support
We talk about the easy money constantly in this blog. Yesterday offered some great easy money opportunities that you have to be able to capitalize on. The first situation is the 47.50 level in RIMM. Bella discussed this level the other day in his blog post, and how a great amount of volume went off at that level. Yesterday RIMM … Read More
Obama, Geithner, and the Bounce
OK so we are in a recession. And there is no end is sight. What caused this whole mess? The housing crisis. I will not pretend that I understand this crisis as well as some on our desk. And I don’t really need to as a trader. I need to know what moves the market. And anything that may fix, … Read More
Trade Stocks That Are in Play!
We talk a lot about how important price matters in making consistent money. But it is equally important to be in stocks that are in play, that are moving. Stock selection is crucial in making consistent money. I have been frustrated lately with many young traders on our trading floor over the past couple of weeks, because I feel that … Read More
Nothing but RIMM
There were two good trading opportunities in RIMM today. Below 50 on the Open was an excellent short. Above 47.50 after the Stimulus Package agreement was leaked. Everything else, and I mean everything else, was a shit show. Let’s discuss. First, I am not a huge fan of cussing. But if you had just spent the day trading RIMM like … Read More
Tools of the Trade
The best short term traders have a multitude of ways to make money. They are able to recognize patterns on the Box, they will take advantage of great technical setups, or they may identify the overall strength/weakness of the market on any given day. Today I was unable to trade due to a never ending flu. I don’t have access … Read More
