In our SMBU Daily Video, learn how short term traders describe trade setups on an intraday basis. In this video from Steve Spencer, you will learn: The thought process of an intraday trader How Steve looks for potential long/short trade setups How to gauge whether a stock is weak or strong We hope this video helps you improve your trading … Read More
The Falling Knife Trade– $AAPL
I bought AAPL on the Open today. One of my favorite trades in the first few minutes of the Open is entering a position on a quick dropout to the prior afternoon support. I make this trade in a stock that is trending higher on a multi-day time frame in the hope of getting an excellent risk/reward entry. AAPL close … Read More
Muscle Memory and Patience–Trading $ACAD
I like to say that stocks have “muscle memory”. There are several possible meanings for this expression: 1) A stock will repeat a strong move from a particular inflection point–this applies to both intra-day and daily levels; 2) A stock will move with a particular “cadence” intra-day that can be gamed to the trader’s advantage (or ignored to their detriment); … Read More
My Thought Process: $AAPL
Here is a timeline of my trading thought process starting on April 24th the morning after AAPL reported earnings through April 29th. I want to put this first StockTweet in context. After AAPL released their earnings report trading was halted. AAPL announced a capital plan to return about $100 billion dollars to shareholders via dividends and stock buybacks. They reported … Read More
Think you can day-trade AAPL?
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. If so, then this is where you can potentially make a killing with the hypothetical broken wing butterfly we’ve been tracking over the past week. The hypothetical fly … Read More
AAPL: A Case for Mechanical Trailing Stops
A look at how a mechanical trailing stop can help with exits from trending plays.
FRESH NEWS AND A LEVEL (VZ)
Not all levels are created equal. As traders we must differentiate which levels are most important. Less important levels require more checks for us to take positions. Well fresh news just might be one of those checks. VZ had fresh news today. From Forbes.com: Rumors have been circulating that a new Apple ( AAPL – news– people ) iPhone, equipped to operate through Verizon Communications’ ( VZ – news – people … Read More
A Great Exercise to Improve Your Trading
I can hardly see. My wrists are killing me. My brain is so tired I can barely remember the stock I was trading in the After Hours (AH). Oh yeah AAPL, that tech company run by one of the best CEO’s in the country that everyone has been blogging, talking, and opining about. Cramer is chirping something about something in … Read More
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