Wednesday AIG broke about an important resistance level of 36. If for some reason you have been trapped under a rock for the past two months you might have missed that most things breaking out head for higher ground. Boss Lindzon has labeled the recent market upmove as the “inconceivable rally.” One of the original trading bloggers, Rev Shark, on … Read More
AIG Pulls Me Back In
I wasn’t planning on trading AIG. I thought SEED would consume most of my attention. Actually I thought I could establish a decent size position in SEED, sit back, and enjoy the ride. I would let the MoMo hedge fund traders do their thing. Who am I to get in the way of a low volume market pattern? SEED … Read More
Getting Rewarded for Doing the Wrong Stuff
We teach our traders how to trade while taking little risk in the marketplace. We teach them the fundamentals and then allow each trader to develop a trading style that suits their personality. Further, we give each trader the freedom to trade whatever stock happens to be in play and in a fashion that suits their style. Unfortunately, this allows … Read More
The Cost of Fading Strong Stocks
Into the Close I sit, trade, and also must watch what our traders are doing on my Admin screen. It is my job to make sure they are not violating market fundamentals. And I saw this on a few trader’s screens: -1000 AIG -1600 AIG This is an example of breaking a market fundamental. We do not short strong stocks. … Read More
Generating Trading Ideas for Tomorrow
Into the Close I recognized that one of the stocks I was long was stronger than all the others. That was DNDN, which will now be the first stock I consider to trade as I prepare before the Open tomorrow. Let’s discuss. Into the Close I was long LVS, DRYS, AIG, and DNDN. SPY broke from its tight range and started an upmove … Read More
A Last Week in August to Remember – AIG
I wrote last week that the last week in August is historically uneventful. I went on StockTwits TV and said the same thing. I wrote in my blog “Vacation….Chop!” that you ought to take a break. I suggested that the last week in August or the first week in September are generally excellent weeks to vacation. I have some new … Read More
From Gman’s Mailbag
A couple of days ago I received this inquiry via email from DH, one of our blog readers. It is a very interesting question so I thought I would share with all of you. Below is DH’s email: “I read the SMB blog and watch the videos every chance I get and I really enjoy them. Thanks for sharing! “I’m a … Read More
Firms Sharing to Add Value
One of the great rewards of running a firm like SMB is the friends we have made from others firms. There are some exceptional firms and people in our field. I am certain that in ten years there will be a dozen exceptional intraday trading firms offering enormous value to their traders. Especially since the Buy and Hold strategy has … Read More
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