Bella discusses how he used three factors, Reading the Tape, Intraday Fundamentals, and Technicals to make a trading decision in RIMM today.
Trade2Hold
As a trader our quest is to make trading opportunities our own. We are all different. We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. But it is up to find these best ones for us. Today … Read More
Afterhours and Premarket Information
It was a long day yesterday for me with all things partner on my calendar. One meeting meshed into another. A new meeting overlapped a planned one, which followed a new new one, followed by another planned one. You get my point. I was ready to start yet another meeting with the peeps who help us run SMB Training and … Read More
Trading RIMM Tomorrow
I had a tough Open today covering two shorts within pennies of their highs and then watching them trade several points lower. The rest of the day was fairly productive as I observed some of the most In Play stocks and called out significant levels to other traders on the desk. But my mood changed from neutral to very positive … Read More
Translator Please- RIMM
I am pretty exhausted. 1) I just traded RIMM in the after-hours for 2 hours. 2) I just listened to their CEO (or someone who does most of the talking during their conference call) explain business and trying to understand the guy required all of my mental energy. What is it with tech types where they think they can just … Read More
Paying For Information
Last Friday most experienced guys in our desk traded RIMM on the open. The moves where fairly violent and most of us got ripped up at first. It seemed the stock was crowded with big traders and most levels didn’t hold that cleanly. The risk in most plays ended up being about 2-3 times larger than one would have thought. … Read More
Attention All RIMM Traders!
I love trading RIMM. Not because it was my most profitable stock in 2008. Well maybe partly. I love trading RIMM because it is one of those few stocks that all the major players on Wall Street trade. Hedge funds flock to RIMM when the market is moving. As do mutual fund managers, professional traders, and retail brokers. With so … Read More
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