A simple pattern in context of a more complex trading day.
An important market pattern
A high-probability trading pattern that offers good risk-reward with clear risk management points.
Open Your Mind
Truth be told I am somewhat amused each morning when our intern AGray pops by my station seeking our “Best AM Idea” for the Open. I am a trader and not a predictor. As a trader part of your job is to identify the MOST important prices in a stock and if a stock touches one such price you are … Read More
Be Careful When Your Routine Changes
I have a fairly set schedule each trading day. But on Thursday morning my routine changes as I have a pre-work obligation that changes my schedule. I generally arrive at the office one hour later than usual and do not run the AM Meeting. This change in routine has had some fairly negative consequences on my trading PnL. 90% of … Read More
Be Like Mike !
For those of you who are avid fans of the NBA you have probably heard the stories of how Michael Jordan use to practice as a member of the Bulls. He was totally cutthroat. It was not uncommon for fisticuffs to breakout between him and some of the bigger players on the second unit during scrimmages. He hated to lose … Read More
Traders Ask: What is the Proper Exit on a Swing Trade?
Reader Alex asked: My name is Alex and I’ve been swing trading for two years. I’ve been reading SMB’s blog for a while, and really enjoy the posts on trader development. I have recently journaled a question that emerged during two of my recent short trades. I believe that this question relates to intraday trading as well. Depending on conditions … Read More
Embracing the Value of Keeping Charts by Hand
Keeping price charts by hand can shorten your learning curve.
Free Trading Seminar In NYC
Trading Setups That Are Working In Today’s Market Please join us on May 15th at our training room in NYC for an interactive seminar on which trading setups are working best in today’s market. The partners of SMB will discuss in detail the setups that have been offering the greatest risk/reward for the past two months in US equity markets. … Read More