It was a long day yesterday for me with all things partner on my calendar. One meeting meshed into another. A new meeting overlapped a planned one, which followed a new new one, followed by another planned one. You get my point. I was ready to start yet another meeting with the peeps who help us run SMB Training and … Read More
Translator Please- RIMM
I am pretty exhausted. 1) I just traded RIMM in the after-hours for 2 hours. 2) I just listened to their CEO (or someone who does most of the talking during their conference call) explain business and trying to understand the guy required all of my mental energy. What is it with tech types where they think they can just … Read More
Open Shots: BBY
I traded BBY on the Open. It does not get any easier than this stock on this open. It just doesn’t. I am positive as I write (BBY is at 41.60 now). How could I not be? BBY has done nothing but trade lower. How is that difficult? I am in my office now drinking Coke Zero, writing notes for … Read More
A World Class Training Program
Dr. Steenbarger of TraderFeed started an important conversation about the ideal training program for traders. As the partner of a trading firm founded on the principle of offering the best intraday equities training program on the street, we would like to contribute to this conversation. My thoughts are meant to supplement what Dr. Steenbarger has already shared so some things … Read More
Foreshadowing on the Tape
MW foreshadowed its strength today on the tape. I used what I saw on the tape to confidently trade a difficult subset of an accumulation play in MW today. Let’s discuss. As usual there was the “Bella what are you trading?” peppered in my direction before the open. My standard response is to subtract how many minutes there are until … Read More
A Trade Worth Making
We sit. We trade. We rip it up. We watch. We lose some more money. And the damn stock is still in the same place it openend. The little sucker has not even moved. Talk about a morning trading like a Piker. There I was banging in and out of KR on the open. Trading too much. Thinking I saw … Read More
Buying Too Early- NVDA
Old School NVDA was In Play this open after some potentially bad news from competitor INTC and a rumor on a new contract with Acer. NVDA gapped up. 15.75 held the bid on the open and NVDA started to do its thing. 15.87 offers cleared. 16 offers cleared. 16.10 offers cleared. 16.15 offers cleared. 16.25 see yah. 16.30 bye. 16.35 … Read More
How Teaching Makes Me a Better Trader
Teaching new traders how to trade has made me a better trader. Below are five things I have learned about trading by teaching. 1) I have cemented the statistically profitable trades that work intraday. Being forced to teach others trading plays has made me recognize exactly which plays work best for me. 2) Video review with other traders increases my screen time … Read More