I am writing an article for SFO magazine on HFT (High Frequency Trading) and its effects on the markets. For me the most glaring change are the plays that no longer work. Specifically paying for a new high in a stock and playing for upside momentum. Too often the result of paying for the new high is a seller sticking … Read More
Taking Advantage of Choppy Fed Day Trading
Every time Bernanke and the Feds are set to make a rate announcement, we have a brief meeting within our firm to discussing how we are going to trade. Whereas last fall we saw some huge directional moves on rate decisions, on several of the recent Fed days we’ve experienced extremely choppy action. The market will appear to be breaking … Read More
WoW!!
Occasionally, I give a shout out to one of the less experienced traders on the desk for sharing great trading information. I am definitely not the type of person who offers faint praise. In fact, if you talk to those who are closest to me they probably would say that I am somewhat parsimonious with my compliments. So when I … Read More
Opening Drive (HGSI)
Opening Drive? Mike is that some football term describing a team’s first possession? No. The Opening Drive is a play that momentum traders crush, leaving a huge grin on their face. These traders in the first 15 minutes can make enough to ensure an awesome trading day. We saw one today in HGSI on the Open. I walked onto … Read More
The Shark Tank Risk Management System
Let’s start by talking about the shark tank. It all started with one of the traders – JP – calling himself a shark in some non-trading conversation. Unfortunately for him his mentee who sits next to him – RB – heard the silly comment and lost it. Over the next few days RB would just not let it go. Quickly … Read More
When Not to Dump Your Stock
“Stop the tape,” barked the engaging if not brilliant firm partner (wait till you find out who this describes) during a Video Review Session. He continued,”What are your thoughts of NVTL presently?” A few brave (ill-advised?) noobs blurted,”Move on!” And I could swear there was some booing to emphasize their opinion of the NVLT they had just witnessed on the … Read More
Managing Your Position
There are many facets to being a successful trader. One element that tends to be neglected by aspiring traders is the concept of position management. Position management is a combination of observation and action. A trader must observe the price action in both the market and their stock to determine whether or not to take action on an open position … Read More
Give V a Chance
As intraday traders we can be hypersensitive to every tick in our stocks, sometimes to a fault. Been there. Totally understand. I am with you. Today in V if you did not give it a chance to run then this was a spot on example. Today was a day to give V a chance. I traded V in the afterhours … Read More
