Scanning the market universe on the open STT, State Street Corporation, caught my eye. 1) I liked that it was down a lot 2) I liked that after the open it showed an ability to move away from prices 3) 40/39 were levels on my long term charts so it still had room to trade lower 4) There was a … Read More
The CCL Trade
After the open we meet in our training room to review the open with some of our newer traders. We talked CCL, Carnival Corporation, for the midday and into the close. Before that we went over what we liked about CCL and what we didn’t. What we didn’t like: 1) Future bookings to probably decrease because of the accident. 2) … Read More
One day in the life of a pro trader
I received this email from a new trader disappointed. I chuckled when I read it. Man have I felt like this trader like every year of my career 🙂 I really got my a$$ handed to me the last two days. I think they are my two worst trading days in terms of net PnL. I basically gave back all … Read More
Is it time to quit trading? Part II
Over the weekend we started a discussion on Twitter and the SMB Blog about whether it was time to quit trading for an experienced trader who had emailed me. He had had some past success. Then underperformed for a few years. Had recently started a family offering another important variable. We offered some thoughts via a blog: Is it time … Read More
Trading is not that important
I received this email from an old friend and SMB reader. Â It puts every losing trade, underperforming month, and “bad day” in perspective. Suddenly all my trading worries have vanished. It doesnt matter how much money I am up or down or how I’m going to find my next One Good Trade. Funny how having a doctor telling you that … Read More
How do you make money as a part-time trader?
Hello Bella I just finished reading ONE GOOD TRADE, and I loved it. I am different from the traders you talk about. I am retired and living off my pension, social security and making up the shortfall by trading in my IRA. Cramer didn’t work very well for me, neither did IBD nor, recently, Gil Morales. I hope it’s just … Read More
Is it time to quit trading?
Hey Bella, I’m a longtime reader of the SMB blogs. Trading from a home office, I miss out on all of the trading floor banter that I had when I was starting out. It is good to “connect” with other traders, even if it is only virtual. I read your book One Good Trade, while I was on Christmas vacation … Read More
What is your “move on” trading rule?
I received this review from a mentee after the close: Positives: traded well with the market. basically didn’t get short other than in-play stocks at the Open, didn’t have a short trade after 10:15 when the market established a clear uptrend. would add scalping lots to take advantage of small market leg-ups. good comeback after being down 120 on the … Read More