It looks like holiday interruptus for the traders at SMB. The financial/real estate bubble that is better known as Dubai has burst like a Macy’s Thanksgiving Day Parade balloon. As I write this quick note the Hang Seng is down about 550 points but 200 points off its low. The S&P futures are off 23 and the NAS 100 futures … Read More
Turkey, Stuffing, and Genetically Modified Chinese Corn
Sometimes you are only as good as the stocks you are trading. While having the skills to mange risk and maneuver in and out of positions are of great value, stock selection is definitely one of the keys to success for any trader. As we approach the Thanksgiving holiday, and many traders get distracted by thoughts of turkey and wine, … Read More
Tips for Light Volume Trading Sessions
The volume is light today. This was expected the day before Thanksgiving. For those of us who made it into work we need a game plan for these lighter volume sessions. There is some money to be made but there is more money to be lost with poor trading decisions. Some ideas: 1) Decrease your tier size. If normally 1000 … Read More
SMB Morning Rundown for November 25, 2009
Today, the Market appears set to open higher after a a number of positive economic reports were released. Pre-Market, the SPY failed at the recent 111.60 resistance level. The levels we are watching in the SPY today are 111.60 for resistance and 110.80 for support. Below 110.80, we expect a move down to 110.50. Below 110.50, the next support level … Read More
Focus on The Fundamentals
Wouldn’t it be great if every day you could turn on your trading platform at 9:25AM, quickly type up a few stocks, and then start trading the Open? Woudn’t it be great if every day you could buy/short 5,000 shares at some great technical level and cash out for 10K by 10:00AM? Wouldn’t it be great if the stocks you … Read More
The Trades of a Professional Intraday Proprietary Trader- CEPH
Last night one our traders Senor Social Media fired off a question about the blog I wrote. “Bella I thought you mentioned that CEPH was a long at 54.50 on the trading floor?” It was. The trade I outlined in my blog was an A trade. There were many other trades that I did not discuss in last night’s blog … Read More
SMB Morning Rundown for November 24, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 110.70 for support and 111.60 for resistance. If we start holding above 111.60, we could see SPY 112+. If we start holding below 110.70, the next major support level is SPY 110.00. Our best AM Idea for today, which we highlighted in … Read More
Making Adjustments
As traders, it is our job to adapt to changing markets. No strategy or system works forever. And while there are certain trading fundamentals that will always be relevant (i.e., discipline, patience, proper preparation), we always to need to be cultivating our edge and looking for new ways to make money. Below is a quick rundown of three shifts I’m … Read More
