Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share an Important Long Term Technical Resistance Level Trade that … Read More
Traders Ask: How Do You Find Your Stocks?
I received the following email question from Reader David: Good morning Mike, Firstly thank you for taking the time to talk to me the other day all the way over in NZ. As I have mentioned before, my passion for trading has lead me to buy and read alot of trading books. But all that reading cant make up for … Read More
Rewind, Replay, Retrace
Today I found the hardest-working new trader on our desk in Steve’s office, my partner, discussing how to get more out of your best trades. Steve explained the topic and remarked, “I thought you might have some ideas Bella.” Yesterday we blogged about knowing you are in an A trade. When Dr. Steenbarger visited our firm last year he was … Read More
The Future of Intraday Trading
A few years ago two of our best traders knocked on my office to chat. They had an idea. They were interested in trading a swing account with the firm. I suggested that they come up with a list of patterns they wanted to trade and come find me. They never reapproached me with specific enough set ups and worse … Read More
SMB Trade of the Week: A Resistance Trade (JPM)
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share with you a Resistance Trade in JP Morgan, stock … Read More
Traders Ask- Where Do I Buy? (Support Play- TSLA)
I received this email from a reader: Hi Mike, I caught your stocktwits segment on Sunday (I believe) covering the TSLA IPO. Now… as I’m watching it drip lower I’m wondering at what level if at all would GS or the underwriter support it? Where would you look to get interested in buying? 18 looks like the line of defense … Read More
In Pursuit of Happiness as a Trader
Why do we trade? A majority start mostly to make money. In its best form to provide financial stability for their family. In its worst to mask some personal insecurities. Or maybe neither and trading is just something you are doing because life offered this path and you started walking. “Trading is a zero some game,” say many. And if … Read More
Be Like Travis
I talked with a recent college graduate the other day. Nice kid. Well dressed. Polite. From one of those upper middle class lacrosse playing Long Island towns. On paper an excellent fit for most trading desks. This young man has no business being on a trading floor, considering being on a trading floor, or hoping to be on a trading … Read More