Watch SMB Trade of the Week, an Opening Range Play in Monsanto.
Trading Quote of the Day – July 13, 2010
“We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them. And when we play the markets, we assume that we are considering all of the available information. Instead, our beliefs, through selective perception, may have eliminated the most useful information.” Van K. Tharp
Trading Quote of the Day – July 12, 2010
“Knowledge arises from experience. Just as a musician practices diligently to become a concert pianist and an athlete spends uncounted hours on the court to become a great tennis player, a trader must gain experience through actual trading to become an expert trader.” James F. Dalton
Trading Quote of the Day – July 8, 2010
“… remember that both in short-term trading and mechanical systems, the distribution of winners is skewed. Most of a month’s profits might come from only two or three big trades. Much of the time the individual profits may seem small, but more importantly the losses should be small too.” Larry Conners
Trading Quote of the Day – July 7, 2010
“If you don’t know who you are, the stock market is an expensive place to find out.” George Goodman
Unusual Prices Are A Better Bet In An HFT Dominated Market
I was trading FCX this morning. I noticed a clear buyer at 60.90 during the Open. In the late morning the buyer dropped and I got short. FCX traded down about 30 cents over the next ten minutes. It then did a bit of a short squeeze up to 61 before trading down to its opening price of 60.20 From … Read More
SMB Trade of the Week: Baidu – July 6, 2010
Watch SMB Trade of the Week, a Trade based on Price from Mike Bellafiore.
Trading Quote of the Day – July 6, 2010
“It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!” Jesse Livermore