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.
Traders Ask–When do you consider an intraday trend overextended?
Hi Steve, I just have a couple of question regarding trend trading: 1) When you see a stock that’s trending but has already much more than its average range (i use ATR), do you skip/pass on it or would you still be buying into pullbacks? Do you ever find yourself thinking, “Ok this stock is just way overextended from its … Read More
Making My Life Easier as a Trader
I have been trading for over 15 years. There are very few things I can recall from a technology perspective that have both made trading easier for me and increased my ability to generate P&L on a daily basis. About two years ago one of our traders approached me with real time “lists” that he was generating using TradeStation. Many … Read More
Spencer Asks: Are You Overvaluing Past Trading Successes?
As traders we want to believe for the most part we are making rationale trades from a risk to reward perspective. At SMB we ask ourselves “if I make this trade 1,000 times will there be a positive expectancy?” If the answer is yes then we make the trade. If the answer is no then we don’t make the trade. … Read More
So Simple Yet Missed By So Many
I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down … Read More