Make this losing trade (YUM)

Yesterday in YUM I made One Good Trade which was One Losing Trading.  On the open YUM settled in a battle 64.80 by 65.  Young Leo called out the fight and I took notice.  Also YUM was In Play showing premarket strength and gapping up.  YUM broke above the opening range battle and shot up to 65.70.  This was a … Read More

One Easy Trade (ANF)

After our 11AM Open review a trader approached my desk. “Bella can I ask you a question?” “Yes.” “Do you think I should add here to ANF?” (Abercrombie & Fitch Company) I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room … Read More

When to Lighten Up your trading position

P, Pandera Media Inc (NYSE), popped from 13.70ish to 14.30ish and started to flag.  When it broke above the consolidation of the flag I sought to buy a pullback.  And I did at 14.43 and 14.41 with a stop of 14.24. P found higher ground and looked like it could push towards 15.  But then there was a pullback that … Read More

Copy this trader

A decent day for me to start the month of February. I have experimented a lot of new trading techniques today, and added more elements to my trading. For example, trading a high beta, in-play earning stock like AMZN. In fact, 1/2 of my daily P&L was generated from AMZN today. 178 was the pre-mkt level we had discussed in the … Read More

Traders Ask: Did I Give Back Too Much of My Open Profit?

Hi Mike, I haven’t hit you up for a trading question in awhile, hoping you have a couple minutes to share your thoughts on a trading issue I’m wrestling with. I am trading only 100 share positions, trying to gain consistency in my day to day efforts before increasing size. I’m wondering how you teach your new traders to manage … Read More

How Long Before You Felt Comfortable/Competent as a Trader?

I just watched Mike’s presentation in Georgia Tech and I have a question that I hope Mike could answer. He was talking about how he would feel at ease practicing basketball. I played competitively for 12 years and I know exactly what he is talking about. The court is like my home and I feel an inner peace and happiness whenever … Read More

This is How You Make More Money

I tweeted on the open: A pattern to master for the open: The Opening Drive. See STX in the first ten minutes this am. My inbox is dominated with trading reviews of SMB Traders thirsting to make more, blog readers the same, and new traders looking for the path. Well here it is. The clean, trending STX. I traded it on the … Read More

The Language of the Successful Trader

Trader A has overperformed since his start at SMB relative to his experience and peers. Trader B has underperformed relative to his experience with us. Trader A went to a middle of the road school. Trader B has a very impressive educational background. Both love trading. Both are guys you build a firm around. So what separates the two? Their … Read More