A Day Trader’s Dream

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs4 Comments

You couldn’t ask for anything more than AAPL provided today. A selloff that began in the premarket from 208 that ended when a large buyer began accumulating at 203.40. An uptrend that once above 208 offered more than five points of upside. And a downtrend into the close that began with a hard down move through 211 and ended from … Read More

Is the NYSE Manipulating Trades?

smbcapitalSMB In The News11 Comments

Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about  the way his orders are treated by the specialists at the NYSE. Gman shows how his orders may be front-run by the specialist forcing him to sell lower or buy higher.

Banging In and Out of Stocks

BellaGeneral Comments16 Comments

As a desk we have transitioned into focusing on Trades2Hold due to different market conditions. Scalping has diminished. C trades deemphasized. We wait for our best set ups and execute. But then Obama entered the arena looking for a fight with the Banks. Things got ugly. And as traders we need to adjust again. Back in the Fall of 08 … Read More