{"id":1913,"date":"2009-09-08T18:12:38","date_gmt":"2009-09-08T23:12:38","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1913"},"modified":"2009-09-08T18:38:25","modified_gmt":"2009-09-08T23:38:25","slug":"anticipating-the-change","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/anticipating-the-change","title":{"rendered":"Anticipating The Change"},"content":{"rendered":"

In September and October of 2008 the young traders on our desk put up ridiculous numbers.\u00a0 Their aggressive instincts were rewarded by the unusual level of volatility.\u00a0 But then their aggressive instincts were severely punished in the months that followed.\u00a0 They were slow to adapt to changing market conditions.\u00a0 By December of 2008 it no longer made sense to make 200 trades per day and to aggressively hit bids and pay offers.<\/p>\n

In the final week of August AIG was a market unto itself.\u00a0 Our traders were rewarded for hitting bids and paying offers similarly to the fall of 2008.\u00a0 Now that the volume and volatility has decreased in AIG they need to begin asking themselves what adjustments should they be making while trading this stock.\u00a0 In no way am I suggesting that there still isn’t plenty of money to be made in AIG.\u00a0 In fact it was our most profitable stock again today.\u00a0 But there are signs that some adjustments will need to be made to continue to trade it profitably.<\/p>\n

The most profitable trade in AIG today was right on the Open.\u00a0 When it traded below 38 it moved down fairly quickly to around 36.\u00a0 This is a tell tale sign of a stock that is less In Play.\u00a0 Stocks that are very In Play will offer several great trading setups throughout the day.\u00a0 And many good setups from the Open all the way until the Close.\u00a0 Although there were several more chops to be made in AIG after the Open it wasn’t offering the kind of opportunity we saw when in two days it moved from 40 to 56 and then back down to 40 in two more days.<\/p>\n

I will most likely trade AIG again tomorrow but I will use the information gathered today to be more selective with my trades.\u00a0 I will look for my usual setups right on the Open but if I notice the volume is similarly light to today then I will look for other opportunities as well.\u00a0 I will put in alerts at key levels that offer at least 50 cents of upside but I won’t be making momentum type scalp plays after 10:00AM.\u00a0 I hope our traders do the same.<\/p>\n

Don’t forget to follow us on Twitter!<\/a><\/p>\n

\"AIG_09-08-09_text\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In September and October of 2008 the young traders on our desk put up ridiculous numbers.\u00a0 Their aggressive instincts were rewarded by the unusual level of volatility.\u00a0 But then their aggressive instincts were severely punished in the months that followed.\u00a0 They were slow to adapt to changing market conditions.\u00a0 By December of 2008 it no longer made sense to make … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8,15],"tags":[],"class_list":["post-1913","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","category-trading_theory","no-post-thumbnail"],"yoast_head":"\nAnticipating The Change | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/anticipating-the-change\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anticipating The Change | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In September and October of 2008 the young traders on our desk put up ridiculous numbers.\u00a0 Their aggressive instincts were rewarded by the unusual level of volatility.\u00a0 But then their aggressive instincts were severely punished in the months that followed.\u00a0 They were slow to adapt to changing market conditions.\u00a0 By December of 2008 it no longer made sense to make ... 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