These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates heavy … Read More
This Concept Could Get You Through the Learning Curve
Understanding how to identify support and resistance areas and execute trades at these prices is a prerequisite to become a successful day trader. When I reflect back on the dozens of people we have trained over the years I can’t recall a single trader who made it to consistent profitability who didn’t have a few plays in their playbook that … Read More
Bella Talks about his First Steps in Trading
Wednesday June 22nd, 2011 Recently featured in StockTwit’s highly anticpated book The Stocktwits Edge, Mike discusses his very first days as a novice trader: “When I first started trading in the late 1990’s, you sat behind an experienced trader for five days. As we chuckle remembering, you learned through osmosis. You asked questions when they appeared to have time, which … Read More
Man v Machine—(Spencer v SMB Algo)
SMB has been working on building out a systems trading desk for about a year. At the heart of this effort is a series of algorithms that detect changes in momentum and trend. From these algos we have developed various strategies. One of the cool byproducts of this process will be the creation of some pretty awesome tools to enhance … Read More
SMB Radar Update for June 17, 2011
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
Option Tribe Discusses Expiration Week Trades–June 21st 5:00PM
Options Tribe – June 21, 2011 Jun 17th, 2011 | By admin | Category: General Comments Tuesday, June 21, 2011 5:00 pm Eastern Daylight time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live … Read More
You are trading patterns not opinions
I was hanging inside my office working on a new business idea for retail traders when the email below hit my inbox. I spent some time showing our new traders how you trade P in Real-Time, which was the catalyst for this ping. After P failed to hold 23 and then for the first time all AM held the offer … Read More
SMB Radar Update for June 14, 2011
These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates heavy … Read More