Enjoy the Company of your Fellow Coworkers

Last Friday we had a company outing. We stopped trading a bit earlier and headed up to watch the new Batman movie in the IMAX screen. The movie was great, I mean it is hard to dislike a movie when you are watching it on a huge screen with sound so loud your seat actually shakes during explosions. After the … Read More

Summer Trading

The slow part of the summer is upon us. Seasonally this is the best time to take time off to get ready for another exciting year of trading. August is typically a very slow month in trading, especially the last two weeks of the month. If the volume and volatility is not there, it is not the time to sling … Read More

Be in the Stock When It’s Moving

As we have mentioned previously in my blog some have emailed me with concerns that program trading will rule trading soon.  The market will never displace the disciplined independent trader.  What is certain is that programs mandate that you adjust your trading and more selectively choose your entry points.  Let’s take a look at ELN from yesterday to illustrate this … Read More

Is It Really That Bad?

Yesterday, ELN and WYE were massacred, by Wall Street standards, because of a drug that was being developed for Alzheimer’s disease and failed in phase II trials. The experimental drug was said to “only help half of patients and was linked with a brain-swelling side effect” by Bloomberg.com. (You can read more about it here: http://www.bloomberg.com/apps/news?pid=20601103&refer=news&sid=aseKG.hyyRkw) In the aftermath, ELN … Read More

The Right Stocks

You are only as good as the stocks you trade. Let me repeat this. You are only as good as the stocks you trade! This is a major point of emphasis on our desk. It is taught to trainees during their first week of training. And stressed on a regular basis to all traders at SMB. It is the reason … Read More

Just Trade

There was a bunch of chatter on our desk before the Close about a dead market. DQ, a solid young trader, was complaining, “The energy stocks stopped moving. They don’t move that well after 2:30. Nothing is movin.” I remarked, “So take a look at some of the financials, young fella.” MER was sitting there at 25, bobbing and weaving … Read More

Scalping

Scalping is an important trading technique for new traders to learn. Yesterday was a great example for why. But let me take a step back. Every so often we get a cocky young student who strides into my office and asks direct questions. The last young such kid started with, “do you just teach scalping?” A perfectly legitimate question. But … Read More

Fire Sale Prices on CROX

I have to start off by saying that I do own a pair of crocs. I don’t wear them very often out in the city but when out on vacation I sport those bad boys out. Yes, they are very comfortable and oh boy are they some ugly-looking shoes. But hey, I will give up fashion over comfort on any … Read More