Steve Jobs announced his leave of absence from AAPL after the Close. AAPL was halted. At 5 PM it resumed trading. Here was the news from briefing.com: Apple CEO Jobs announces medical leave of absence until the end of June (85.33 -2.38) -Update- Apple CEO Steve Jobs today sent the following email to all Apple employees: “Team, I am sure … Read More
The Shakeout
When I am trading I do the right thing. I am not concerned with my results. If a stock is a buy then I buy. If it’s a short then I get short. If my trade doesn’t work out then them’s the breaks as they say. And if I spot one of my better trading setups and it doesn’t work, … Read More
Learn How to Trade First
I received this email last night during the Cavs/Celtics game. I have to admit I was more interested in the game than responding to this email. But let’s take a swing at it this morning. Hey Bella, This morning when you were trading USO on the open and buying at the 32 level, initially 32 had dropped but you mentioned … Read More
Flipping
One of our traders was getting shot for “A Day in the Life” video today. Another of our traders is up on Friday for a similar shoot. We will share these videos with you upon completion. But what was most interesting today was a discussion that was captured on this video. This discussion was about flipping. One of the advantages … Read More
Please Make This Trade–Especially SMB Traders
The past twelve months have been a complete roller coaster ride in the energy markets. We watched oil go from $50 to almost $150 and back below $50 again. In fact, the other day it was around $35 per barrel. On New Year’s Eve oil made a powerful up move on very high volume. There was some good money in … Read More
We’re Back
It was good to get back to work today. Glad to put the low volume holiday trading in the rear view mirror. And looking to see how we start the year. Today was the first day of our January class. Nine talented, eager, new trainees. I saw two working way too hard today as Steve and I left. Steve and … Read More
Picking Your Tier Size, Part I
Happy new year to you all! I have spent some of the last few days off thinking about my trading and things I need to improve this year. While watching my archive of tapes in the days that I struggle I have found some inconsistency with my tier size. I have seen this problem in a couple of our guys … Read More
Trading Goals for 09
Happy New Year! At this time of the year many traders are drafting their goals for the new year. This is a good exercise. I believe in work. I believe that progress takes time. But all progress must start with a thoughtful, and ambitious plan. I have seen mediocre traders become great. I have seen poor traders become excellent. I … Read More