We are always instructing our traders on the setups that present the greatest risk/reward. If they are involved in these setups trading will be easy. If not they will struggle. I pointed out one such trade to our newest group of trainees. I was trading AAPL on the Open as it was very In Play due to Steve Jobs taking … Read More
The Cheetah and the Trader
I had an interesting conversation with a young trader from another firm today. This young trader pops into my office from time to time and talks trading. He is a very bright and competitive young man. And he is struggling. He killed it in October. But over the past two months he has dug himself a huge P&L hole. I … Read More
Trading AAPL After Hours after Jobs Announces Leave
Steve Jobs announced his leave of absence from AAPL after the Close. AAPL was halted. At 5 PM it resumed trading. Here was the news from briefing.com: Apple CEO Jobs announces medical leave of absence until the end of June (85.33 -2.38) -Update- Apple CEO Steve Jobs today sent the following email to all Apple employees: “Team, I am sure … Read More
The Shakeout
When I am trading I do the right thing. I am not concerned with my results. If a stock is a buy then I buy. If it’s a short then I get short. If my trade doesn’t work out then them’s the breaks as they say. And if I spot one of my better trading setups and it doesn’t work, … Read More
Learn How to Trade First
I received this email last night during the Cavs/Celtics game. I have to admit I was more interested in the game than responding to this email. But let’s take a swing at it this morning. Hey Bella, This morning when you were trading USO on the open and buying at the 32 level, initially 32 had dropped but you mentioned … Read More
Flipping
One of our traders was getting shot for “A Day in the Life” video today. Another of our traders is up on Friday for a similar shoot. We will share these videos with you upon completion. But what was most interesting today was a discussion that was captured on this video. This discussion was about flipping. One of the advantages … Read More
Please Make This Trade–Especially SMB Traders
The past twelve months have been a complete roller coaster ride in the energy markets. We watched oil go from $50 to almost $150 and back below $50 again. In fact, the other day it was around $35 per barrel. On New Year’s Eve oil made a powerful up move on very high volume. There was some good money in … Read More
We’re Back
It was good to get back to work today. Glad to put the low volume holiday trading in the rear view mirror. And looking to see how we start the year. Today was the first day of our January class. Nine talented, eager, new trainees. I saw two working way too hard today as Steve and I left. Steve and … Read More