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
Heineken Light
Today into the Close was light. Heineken Light. GMan stopped trading around 3:10. Alex and I traded GS into the Close. We made some chops and then got squeezed right before the Close. Ripper. I could have avoided this rip. After the Close our desk talked about the light volume. There was no follow through with the stocks we were … Read More
A Couple of Interesting Things
I haven’t posted in a while. I have been focusing on my trading. I’ll probably post something later this week. But there were a few really interesting articles I’ve seen recently. Links are provided below: Dow could see 4,000 soon. Media market timing is great. Earnings are cyclical. Twenty five top financial blogs.
Random Basketball Thoughts Useful for Trading
Coach Beilein, University of Michigan Head Basketball Coach, offered some thoughts for his players useful for traders. U of M was preparing to play the mighty University of Connecticut. UConn was ranked #1 in the entire country, as is their natural right. And U of M was a middle of the pack Big Ten school. U of M has about … Read More