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

Traders Ask: Consistency

“If I hadn’t made money some of the time I might have acquired market wisdom quicker.” —  Jesse Livermore I received the following question from reader Angel: Hi Mike, I hope that my email finds you well. Trading has been going very well, and I’m very happy with my results. I love this business! Mike, I would like to suggest … Read More

LONG OR SHORT (FUQI)?

FUQI is a perfect example of how we must make trades our own.   How we must develop our own playbook. I am short FUQI from 12.60.   The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low.   My win rate is probably 10 percent for such a set up.  It … Read More

The Addition

I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor. Henry David Thoreau SMB has a developing trader desperate to improve. In a merciless 2009 he traded very well comparatively. This quest to improve is not unlike that of an unprofitable trader hungry to just start breaking even. This journey is … Read More