Are you reviewing your trading solely based on your P&L? Is your focus on what you learn from the market or how much cash you are taking out? Do you do a weekly review? Below is a weekly review by a new mentee that the developing trader might implement with their trading. Hi Bella, The following is my weekly review … Read More
Traders Ask: How ’bout that cover? (ANR)
Hi Mike, you have been very generous to answer a couple of my questions in the past, I am hoping you can offer some insight on what I find is a common trading dilemma. I traded the following setup this morning. I went short ANR at 19.95 at 9:47. Briefly my idea was: 1. ANR has been in play the last … Read More
Caught in an overflip (CAVM)
I haven’t been this mad at myself as a trader in a long time. After the trade I vocalized, “That was such a stupid trade. That is exactly how not to trade.” I was pissed. Furious. I had a family issue that placed me in a foul mood right before the Open. To the point where I almost got up … Read More
Traders Ask: I am an undertrading undertrader
Hello SMB, Thank you for what you do for the trading community. I appreciate the blog as well as Bella’s book. A problem that I have is undertrading or failure to pull the trigger. It doesn’t happen all of the time but it happens too often. An example: Yesterday (9/21/11) SINA had a refreshing seller at 97 between from about … Read More
Leveraging the talent of your trading community
I have a confession. I hate being the face of SMB. It is not in my DNA. If we were playing pickup basketball I would be the point guard and not the scorer. You may have noticed when SMB goes on CNBC I stay at the office. I pray to the trading gods everyday for Steve to become increasingly noticed, … Read More
Using my inner anger (TYC)
I was trading TYC after the huge volume spike and strong price action. @tarhini_smb chirped TYC after spotting in from The SMB Radar. 44.50 became my most important point of inflection. I started a core and traded around this. Well I tried to trade around my core. I tried taking off risk at prices where my risk/reward lessened. Well I … Read More
Chunking, trading and the fast track to improving
Some mentees require/deserve more attention from me on a daily basis. One exercise we do together is an end of the day review. They send me a review via email. I respond with an email or a closed-door one-on-one session. Take a look at the review below because it is very helpful for the developing trader to recognize how this … Read More
When do YOU sell (SOA)
This Open I kept saying,”For some reason SOA is working.” Above 14.62 the top of the opening range was my first entry. And above the consolidation at 15.10 was my second. “SOA continues to work for some reason.” Steve quipped SOA was the best stock we mentioned in our AM meeting. Like many traders he then found a moment of … Read More