It’s officially earnings season. We trade in interesting times. How can you not love the Ackman HLF Dump Summit? Most of us on the desk were trading $HLF and piped into his presentation via livestream.com. NFLX reported and got beat up offering a series of excellent risk/reward trades for the short term trader. HOG got hit reporting shipments will be … Read More
The Stock of the Day: $BIOF
In this short video Steve discusses $BIOF, a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in-play and likely to have second-day moves. Turns out $BIOF was a huge mover off the $4.00 level Steve had mentioned in this morning’s AM Meeting. You can get more calls like this on a … Read More
Stock Manipulation: Profit From Others’ Duplicity
A common refrain I hear from various commentators is the “market is rigged” and therefore it is hopeless to make a living actively trading or investing. In this video I discuss two recent situations where I suspected there was trading activity based on “insider information” or advance knowledge of potential large moves and how to trade these scenarios as a … Read More
How Do You Determine How Far a Stock Can Move?
Hi Bella, I have a question. I noticed in one of your blog posts a comment from one of your traders during trade review. Specifically it was a statement anticipating somewhat of a certain length move based on daily avg volume/relative volume compared to ATR. Now, I realize there are many things that move a stock- but my question is … Read More
A Reason2Sell in $EPXR (If Your Stock Breaks the Uptrend)
This week I’ve written a series of posts on ways to exit your winning trades. We have discussed exiting because of a Time Stop, if an important intraday level is established, and when a stock hits your target. Today we will highlight another example of a Reason2Sell: if a stock breaks the uptrend. If a stock breaks the uptrend this … Read More
Trading Lesson #1 (Again): Buying A Strong Stock At Prior Day’s Afternoon Support
About a year ago I wrote Trading Lesson #1 offering a safe way to buy stocks that had shown strength the prior trading day. Let’s take a look at the price action from DECK today, which was discussed in a separate post yesterday on information flow. DECK showed huge relative strength yesterday to the market taking out two important resistance areas from … Read More
Stock Selection
I received an email yesterday from a reader who asked if I could discuss why we choose to avoid certain stocks. What I would first like to address is the idea of stock selection in general. At SMB we have a very specific methodology to select the best stocks for intraday trading. As most who have read our blog on … Read More
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