I received the following email from a consistent reader of SMB Blog. As way of background, this developing trader is an accomplished musician. And when I say accomplished, I mean 10/10 randomly selected people would know who this gentleman plays with (but sorry we are not giving away this info). I would like to try something new on this blog. … Read More
Trader Mike, SMB, and DNDN
Trader Mike commented on a recent blog of mine with, “The other day when I linked to the SMB Capital DNDN post, I wondered why anybody would knowingly be involved in that stock ahead of news.” We enjoy Trader Mike’s blog so I promised Mike a response. Also, Adam at Daily Options Report, offered interesting commentary on this play. This … Read More
The Week That Was: April 27 – May 1, 2009
A very interesting week. The SPY continues to linger around just below the 88 level, consolidating near the highs. Tuesday’s action after the Fed announcement increased volatility, although we haven’t really gone anywhere. Wednesday morning, it looked like the bulls were regaining control of the tape, but were not able to close the week above the critical 88 level. One … Read More
All Trades Are Not Created Equal
On our desk newbies are taught to look for setups where they can risk one unit to make five. By constantly looking for these great risk/reward setups they can become consistently profitable. But there is something more important one needs to recognize in order to move to the “next level”. Traders must recognize that unlike people all trades are not … Read More
“V” Right on the Open – Where I Want to Be
We saw it again. We have seen this in QCOM, MSFT, and now V. Right on the Open V traded straight up. If I told you I had a three point trade in less than 15 minutes that reoccurs would you be interested? As an intraday trader this is a trade you must add to your quiver. Let’s discuss. I … Read More
SMB on CNBC’s Fast Money Tonight – April 30, 2009
Our very own Jeff Tomasulo, senior trader at SMB Capital, will be a guest on CNBC’s Fast Money tonight from 5-6pm. Jeff will discuss which financials to watch with the upcoming bank stress test results. Jeff has been trading professionally for over thirteen years. We hope you catch Jeff on CNBC. Best of luck with your trading! Don’t forget to … Read More
The Advantage of In Play Stocks
I have written extensively since our blog began regarding “In Play” stocks. During earnings season there are many In Play stocks to choose from each day. Traders should choose no more than two or three of these stocks each day to focus on. This is the case because you can make a lot more money trading one or two stocks … Read More
My FOMC Game Plan
Below are the last two FOMC statements: January 28, 2009 March 18, 2009 The most important part of the minutes will be the wording. The rates won’t be cut (we’re already at our lowest rate) and they won’t be raised (we’re in the middle of a deflationary cycle where raising interest rates would kill any hope of a recovery and … Read More
