Hi Mike, I hope that my email finds you well. I have a question about trading stocks that are in play. I’ve studied several approaches to game planning. 1) Come in with 10 – 20 stocks that have potentially good daily set ups, and wait for good intraday price action to confirm that its worth trading. I’ve found that this … Read More
Traders Ask- Am I a Moron for Fading Stocks In Play?
Bella, How is everything? I have a few questions for you. I know I always bombard you so if you are too busy to answer no worries at all. 1. How do you know when it is time to scrap a trading play? I have tried to fade names that have reported good numbers many times and I have lost my hat. … 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
CREE, 48.60 and How You Find the Most Important Level
After the close yesterday CREE reported. Immediately CREE traded lower from 53ish to 47.50. But there was a level more important than all others. I tweeted it. Twice! And it was the level of all levels. Besides cherry picking an example to pump myself up 🙂 how do you find this most important level? Mike don’t I just look on … Read More
Traders Ask: Pullback or Reversal?
Hi Mike A common mantra repeated in most trading books is “follow the trend” and the process for doing so buy/sell through dips. Sounds easy however there are multiple complexities rarely discussed such as: – Few stocks continue in a nice straight line – The stock you’re watching is in a great bull trend, but the market is weakening … Read More
Traders Ask: The Psychology of Multiple Trading Accounts
hi mike, I have been following your terrific blog for a few months and have just finished reading your book. The book was refreshingly different and very instructive -especially the chapter on reading the tape.And the questions you have recently answered in your blog about age[I’m 50 plus andwant to be a full time trader] and finding stocks in play … Read More
Traders Ask: Scalp or Bigger Move?
Bella, I have question about getting in front of a big order. I’ll use GOOG as the instrument. Suppose 600 is a major technical level, and GOOG has been trading around it for 1 hour. A big bid comes at 600.10. The next several bids are small sizes at 599.75 or below. Let’s say GOOG is trading at 600.10/600.20. Now I … Read More
Traders Ask- How Do I Gain and Edge Trading Midday? (And thoughts from Vegas)
Hey Bella, Big fan of the SMB Blog and have been trading for about a year now. I engulf myself in as much helpful and educational trading literature but seem to struggle figuring out afternoon trading. My style is that I only follow and trade the same couple stocks every single trading day. These stocks typically have small gap moves … Read More