In my last post, I stress the importance of stock selection. Easy money! Bella mentioned CAT in one of his posts. CAT at the key levels of 30 and 29, is a perfect example of easy money and stock selection on three separate days. Check the chart below. All you needed to do was follow up, know the key levels … Read More
How Do You Do It?
Whenever someone makes a good trade on our desk a common retort from another trader is “How do you do it?” I received two of these today from ALJ, who sits next to me. DE was the culprit. I was the protagonist. Profitable trades were my reward. DE was in play today. They reported. DE opened down. It’s first moves … Read More
The Right Trade For Today (February 17th)
Part of the training the traders on our NYC trading desk receive is instruction on the trading setups that offer the greatest statistical significance for In Play stocks. What is not part of our formal training is the most statistically significant trades for specific kinds of “trading days”. Usually, I give a quick comment at our AM Meeting as to … Read More
Easy Street- CAT
UConn lost to Pitt last night. ARod was to hold another press conference. For a UConn and Yankees fan there were a lot of distractions today. BTW what is Boli? Also we had President Obama signing the stimulus bill. We had the market open down 3%. GS finished down 11.25. You know just another day at the office. 89.80 was … Read More
SMB at Trader Expo in NYC
SMB has been invited to present two free workshops at the International Traders Expo, which will be held at the New York Marriott Marquis Feb 21-24. We invite you to join us at these workshops to learn more about our proprietary trading methods and the skills necessary to become a consistently profitable active trader. I have included a summary of … Read More
The Impact of Computer Programs on Short Term Trading
One of our readers asked a great question recently in response to our blog posts. Our reader, Sandor, pointed out that we have the tendency to write about the computer programs that populate most active stocks in the market. But we haven’t really explained fully what they do or their impact on us short term traders. So I want to … Read More
Respect The Support
We talk about the easy money constantly in this blog. Yesterday offered some great easy money opportunities that you have to be able to capitalize on. The first situation is the 47.50 level in RIMM. Bella discussed this level the other day in his blog post, and how a great amount of volume went off at that level. Yesterday RIMM … Read More
Obama, Geithner, and the Bounce
OK so we are in a recession. And there is no end is sight. What caused this whole mess? The housing crisis. I will not pretend that I understand this crisis as well as some on our desk. And I don’t really need to as a trader. I need to know what moves the market. And anything that may fix, … Read More
