Question From a New Trader

I received the following inquiry from one of our talented new traders while going over our mentoring spreadsheet. “I took a pretty big rip late in the day in this stock and wanted to know if I got out of it the right way; there was a battle between 48.12 and 48.15 and I paid for 100 at 48.16 when … Read More

Don’t Overthink the Market

Saw a lot of tweets about whether the market could trade higher this afternoon.  Chirp!   There were the call outs that volume was light.  Chirp!  Some pointed at the financials not rallying. Chirp! Others highlighted the weakness in V, MA, JPM, etc.   I have to share a funny story.  One of the smartest guys we have traded with … Read More

The Week That Was: May 26 – 29, 2009

The action in this shortened week started on a strong note, and finished on a strong note.  After popping above 90 on the SPY in the opening minutes of trading on Tuesday, the bulls seemed to be in control for the most part, never dropping 89, even when it appeared on Thursday that we would be trading down to the … Read More

Why Inexperienced Traders Fail to Hold Their Winners

One of the most difficult skills to master for a younger trader is holding a position for a larger move. I’m going to discuss the reasons that I believe this is the case and some of the things SMB does to help its traders improve on this very important skill. I will also briefly discuss one of the younger traders … Read More

Fundamentals

Trading is not just about reading charts, or reading the tape.  We also must understand the market’s and a stock’s  fundamentals.  We are not fundamental traders but we use fundamentals to help us increase our win rate.  For the intraday trader we use fundamentals very specifically.  Let’s discuss. We used fundamentals to help us profit in JCG yesterday.  Yesterday JCG … Read More

The Face of a High Short Interest

Before I trade a stock I check its short interest.  Why?  Because it may affect how the stock trades.  Simply, the higher the short interest the more buyers there may be intraday.  26 percent of the float is short JCG.  I considered this with my every trade today.  Let’s discuss. In our SMB AM Meeting we discussed 25 as resistance … Read More

SMB on CNBC HALFTIME REPORT (in the studio)

Jeff Tomasulo, senior trader at SMB Capital, appeared today in the studio on CNBC’s Fast Money Halftime Report. Watch the clip here and leave your comments on this blog. Best of luck with your trading! Don’t forget to follow us on twitter.

SMB on CNBC HALFTIME REPORT (in the studio)

Jeff Tomasulo, senior trader at SMB Capital, appeared today in the studio on CNBC’s Fast Money Halftime Report. Watch the clip here and leave your comments on this blog. Best of luck with your trading! Don’t forget to follow us on twitter.