I have lost my feel for the market while being away for the past two weeks- pre-wedding, wedding, honeymoon. I sit with a terrible case of jet lag, disconnected from the markets, and out-0f-shape trading skills. I am sure many used last week to catch up with family and friends, rest, and truncated your trading week. For me two days … Read More
A simple setup
Selling a retest of broken support can be a great setup.
You Don’t Need To Be A Hero When Trading
This AM I tweeted that I thought LVS was getting a bit overdone. These words of caution were intended to put those still trading it on the long side on alert for a possible blowoff top and reversal. LVS at its peak today had moved up 40% from its pre-earnings closing price. Too much too fast. Those who bought on … Read More
Time To Pay For That Expensive Handbag
COH was one of the best trading opportunities last week. It is set up very nicely for another leg higher. The trigger buy is above 50.25. Add to the position if holding above 50.80. If this trade works you should be able to afford that dopey handbag your significant other has been bugging you to buy for her.
The 800-Pound Gorilla in the Room: Exits
Managing your exits is at least as important as where you’re getting into the market, and a quirk of human nature makes this a little bit more complicated
Tape Reading Techniques – Traders Expo
Gilbert Mendez Tape Reading Techniques That Can Help You Execute the Best Intraday Swing Trades $245 per person if purchased by November 4 $295 per person after November 4 Thursday, November 18, 2010 | 8:30 am – 12:30 pm Steven Spencer Steven Spencer, partner, and Gilbert Mendez, partner, are part of SMB Capital, the only trading firm in … Read More
The Best A Set Up for this Market (An Example- AMLN)
Last week SMB visited the selfless trading conference held by Tickerville. My call was to share an A set up. A set ups are our favorite trades. We have A trades, B trades and C trades. With an A set up we trade a stock with more size, hold longer, and perhaps set a larger stop. We put on 30 percent … Read More
SMB Trading Lesson of the Week – Combinatorial Explosion
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Combinatorial Explosion. You can watch here. We hope you enjoy! Don’t forget to follow us on Twitter!