10. You miss a lot of bad movies. 9. You are excused for most things no guy ever wants to do with their significant other. 8. You are never bored. 7. Crystallizes what you most enjoy doing. 6. You learn how much your success or failure depends on others. 5. You appreciate how powerful the proper process is. 4. Your … Read More
And The Real Reason For That Losing Trade Was……..?
Look at the chart above. Say you shorted RIMM below 45 and got stopped out at 45.16, develop a reason for this loss and then continue reading. Ok great to have you back with us. Today during a teaching session Bad A$$ Mike shared a trade he made on the Open getting short RIMM below 45. Steve whispered in … Read More
A ? 4 the Trading Community- Specialize or Well-Rounded
Dr. Steenbarger helped SMB recognize one of the improvements we could make at our firm awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders … Read More
A Trade Idea For Tomorrow
POT has been a pretty good trading stock recently. After putting a double bottom in place on June 8 it traded up about 10% before establishing a fairly wide trading range between 98 and 101.60. Today it close below 98. I will look for more downside tomorrow using 98 as my initial short price in the morning. I’m looking for … Read More
A ?4 the Trading Community- A Rule for Giving Back Profits?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
Congratulations to GMan for Making Partner!
We would like to congratulate Gman for making partner at SMB Capital.
A Bigger Move For AAPL Tomorrow?
AAPL has treated me fairly well the past two days. Yesterday it dropped to my dream buy price of 204. I was able to capture the move back up to 209. This morning I tweeted our best AM Idea was to buy AAPL on a pullback to the 209 level. Many traders on the desk took advantage of this opportunity. … Read More
SEED money for the New Year
There’s always something to trade. You just have to be where the volume is. It can take one good stock to make your week, and one good week to make your month. 90% of life is showing up, and for those who showed up today, there was money to be made. We had a repeat offender today, our good old … Read More