All traders deal with frustration. One of my biggest frustrations recently has been my inability to open positions in the pre-market because I am preparing or running the SMB AM meeting. I was watching setup after setup unfold in the pre-market and unable to take advantage. I’m sure more than a few people noticed me grumbling about this on our … Read More
Free Webinar: From Good to Great with Steve Spencer
Please join Steve Spencer for another webinar in his Good To Great series on August 3 at 4:30PM. Multi-Day Inflection Points How to trade them Why They Work Works both during and in between earnings season A concept that receives little attention Steve will discuss recent trading setups There will be a Q&A following the presentation Questions on this topic … Read More
Night Time Reading
Here is some information to help you prepare for tomorrow. Courtesy of SMB Radar. @sspencer_smb
Good Teamwork. Now Time To Focus.
Bella and I had a short conversation after the Open. He mentioned that a bunch of traders got into ECL on the short side and had made some nice chops. My mentee Sammy mentioned the trade to me as well. He said one of the traders in his row called it out and he took the trade blindly with a … Read More
The Minds of the MoMos
In The Stocktwits Edge I write about the fact that I have spent most of my career trading stocks that are followed by a very distinct and specific group of traders. The momentum hedge fund traders who I like to refer to as “momos”. I have observed how they move internet IPOs, secular growth stories, and other various tech startups … Read More
I Can’t Sleep So Blog Readers Benefit
I can count on one hand the number of times I have written a blog post that discusses a future move in a stock. The main reason is I reserve my bigger picture trading ideas for the traders on our desk. Also, even if I am confident a stock is setting up for a big swing move, its intraday behavior … Read More
If It’s In Play You Will Get Another Chance
As the market opened I made a couple of trades in the SPY. Both shorts. Neither worked. Then I caught a quick up move in TGT from 31 to 31.40. The stocks I was watching weren’t really doing much. So I looked to the monitor on my left, the one that has my SMB Radar lists and quickly scanned for … Read More
My End OF The Day Review
Here is a screen shot of the stocks I scroll through at the end of the day in the SMB Radar to look for great second day setups. Each list links to my charts so I am able to very quickly view patterns in different time frames and formulate trading ideas for the following days.