We had been waiting for BRK.B to hold above 80 for a Trade2Hold to perhaps 82. Friday we almost had the hold above 80 but ran out of time. 80.10 became the new hurdle to clear before BRK.B knocked on the door of 82. Today during one of those times Steve always warns that stocks can move, lunch time, BRK.B … Read More
Trading Analogies and Humor
We have a great new training class from September 09. Some classes for whatever reason can turn out outstanding and others ordinary. Same teacher, same material, but very different results. And from my seat very different teaching experiences. We haven’t held a new training class since September of 09 so lucky for us that they are so enjoyable. June of … Read More
Make Trades Your Own
After the Close we watched video of HRB (H&R Block). 16 was a huge level on our longer term charts. And HRB found this level. And a few interesting questions were raised during our Tradecast. One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right … Read More
How to Make $3k in 30 Seconds
Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. And I was one the chumps who got their RMBS shorts busted after a huge chop. But today the trading Gods smiled on me. There was breaking news in MIL (Millipore Corp). TMO (Thermo Fisher Scientific) it was … Read More
Breaking Your Keyboard
I know that when you trade it’s best to stay calm. And busting your keyboard is not keeping cool. I get and have blogged that you make poor trading decisions when you are not in the zone. But having sat on a prop desk the past 12 years of my life I have heard and seen many smashed, broken, and … Read More
Insights from Brian Shannon: 10 Lessons for Traders
Brian Shannon of www.alphatrends.net and @alphatrends was our special guest speaker yesterday. During a busy week of trading, the NYC Trader Expo, and meetings, SMB was grateful that our good friend found some time to talk with our desk. It was a lecture not to be missed. Thank you, Brian! Here are ten things that I learned from Brian’s … Read More
Insufficient Trader Training
In our smallest office in our downtown Manhattan digs I was an actor in this conversation. “We make trading too hard,” said the new, gregarious trader. “I am not sure what you mean. Trading is about learning set ups and then mastering the fifteen subsets of each play,” I replied. “See that is where I think I go wrong. I think trading … Read More
Reading the Tape Seminar
On Monday 2/15 at 11:00 AM (EST) SMB Capital invites you to participate in a Free Reading the Tape Seminar at our office in downtown Manhattan. The seminar will be approximately a hour and a half long. Reading the Tape is a skill held by professional traders that allow them to discern the next most likely direction of a stock. … Read More