It has been tough trading out there of last for most. Here are some emails that I have received from traders: today was another bad day, cant seem to get a grip on this market, not alot of volume it feels to many shake outs, feel like shutting it down for the year. Im not even making terrbible trades just … Read More
A good trade not to make
Hi Bella, I’ve been trading for about 5 months now. I read the SMB blog regularly and appreciate all SMB does to help developing traders. One issue I’ve come across in my trading is entering into trades of stocks with large spreads. I was watching COO on 12/9/2011. The stock had gaped up on the open. I tried to enter … Read More
When to Feel Pain as a Trader
Hi Bella, I have done a lot of thinking over the weekend about my trades, especially the ones that I don’t catch short when they consolidate below a certain level for quite some time before the next massive down move. As you know, most of the traders on the desk did great with this type setup in PLL on Friday, … Read More
Don’t get burned by the market
Yesterday after an aborted MRI on my back I hit the office to review some of the work on our desk. One of the steadiest of trainees had a miserable trading day. I am not sure I can remember such a day of red from this new trader. In his daily review he wrote: Today is probably the worst I … Read More
Try This to Reduce Your Trading Frustration
I received this comment in a review from a trainee: Really frustrating day…Over traded the junk out of MS and C and made hardly any money. MS and C : Was trying to fade them in the morning but they were the really strong up until about 1pm. This is when the short started to work, but I traded so … Read More
Lessons from an HFT conference
This week I presented for 90 minutes and sat on a panel discussion for an HFT conference. I thought I would report back with some running themes. 1) What is the next Brazil? 2) What markets are most inefficient and offer trading opportunity? 3) Will most traders have access to most markets from their trading home? 4) Teaming with discretionary … Read More
Traders Ask- Should I add or sell?
Happy Saturday Bella and Steve, I’m reviewing one of my old trading tapes and wanted to get your opinion on a trade I executed in TVIX back on 7.11.11. Let me setup the trade for you: Basic Sup and Res Play Prev close: 16.36 Res: 17.90-17.95 Sup: 17.70, 17.50 Gapped up to 17.30 pre-market, consolidated around 17.45-17.50, started an uptrend … Read More
Understanding the market structure of the day impacts all of your intraday trades
Understanding the market structure of the day impacts all of your intraday trades. Corey Rosenbloom has done some excellent work on this important trading concept. Dr. Steenbarger has written about its importance. At SMB we talk about the Big Picture before we start our AM meeting. Below is a self-proclaimed rant from a new trainee. We can learn from his monthly analysis … Read More