Thanks for all the submissions regarding the DG reversal trade that occurred on December 12th. This post was written by a college student who participated in one of the SMB College Training Programs last Summer. Although the post is short and to the point I think Tim captures some of the key elements we look for in a low risk … Read More
Spencer Trade Review – $CLF 09.17.12
Steve discusses CLF’s recent trading activity and a few trades that he made in it on September 17th. Steve Spencer *no relevant positions
$GMCR Changes Direction
GMCR has been an excellent intraday trading vehicle for the past four days. It first caught my attention on Friday when it had a high volume break above a long term resistance area (see chart). Whenever a momo stock, or former momo in this case, has a high volume move I give it special attention. Momo stocks are repeatedly pushed … Read More
Two SPY Trades
I don’t trade the SPY on a daily basis. But I have a few “go to” trades that I will make when they trigger. Fade a pullback to a recent S/R level in the direction of the higher time frame trend (Trade2Hold) Fade a pullback to a recent S/R level against the direction of the higher time frame trend (Scalp … Read More
When The Price Action Changes–Facebook
Facebook had been an great swing short since Tuesday morning when it made a new post IPO low. It continued to make lower highs and lower lows. The definition of a “downtrend”. You were hard pressed to spot two consecutive green bars on the 15 minute chart and the few times that did occur there was very little volume and … Read More
Why I Traded MCP Today
My primary stock on the Open was GMCR. It is a classic momentum stock that had fresh news and a large pre-market gap. This type of setup is usually my #1 choice to trade on the Open if available. I have internalized the possible price patterns for this setup having traded it hundreds of times over the years. My second … Read More
Was It Worth Trading?
After the market closed yesterday P released their earnings. It was immediately sold aggressively down to 12.50. A controlled bear flag developed with the next major support about 2.5 points lower. I noticed on the StockTwits stream @ldrogen say the conference call was not going well at all. From the back of my mind emerged my negative bias having watched … Read More
My Thought Process: VVUS
I tweeted early this afternoon that it looked like VVUS had put in an intra-day bottom. Here is the tweet. i think bottom is in for $VVUS today. a hold above 20.25 should get it trending nicely Here is a pic annotated that sums up what I was thinking. The long trade didn’t work out as VVUS failed to get … Read More