In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More
How Do I Stay Big for the Real Move?
Dear Bella, I can not wait for The Playbook! I started “eating” everything on the SMB Blog six months ago and went though key haha moments thanks to what I learnt, which suddenly made me a lot more profitable (kind of wasted 2 years with useless teachers). So I started to build a playbook ( my Iphoto app became full … Read More
How Do You Determine How Far a Stock Can Move?
Hi Bella, I have a question. I noticed in one of your blog posts a comment from one of your traders during trade review. Specifically it was a statement anticipating somewhat of a certain length move based on daily avg volume/relative volume compared to ATR. Now, I realize there are many things that move a stock- but my question … Read More
Them silly small caps move cleanly…say what?
Yup that’s right. Lately I have been a holder of a good chunk of those small caps. It requires a ridiculous amount of patience for them to move but when they do, boy can they actually move in an orderly fashion. Take for example CHTP, I’ve been long for about 6 days already but has been a relatively easy hold. … Read More
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
There’s Always Something On The Move.
If you needed yet another sign that the volatility is low, just look at today’s action after the Federal Reserve rate announcement. Yes, we knew that the rate was going to be steady. And yes we figured that the language in the announcement would be similar to previous ones (Fed plans to keep rates exceptionally low for extended period etc.) … Read More