Hi Mike, I know you are a busy guy but I had a question regarding exiting potentially wrong trades ahead of my stop point, something I’ve had difficulty with in the past. For background, I have stopped this practice as I have found that acting on my newbie instincts or interpretations of order flow has led me to cut positions … Read More
Higher Time Frame Webinar Primer
The market has changed a lot in the past few years. When Mike and I started SMB the market was in the early stages of an 18-month uptrend that led to an incredible momentum based trading market late ’07 and ’08. The most important skill by far during that time was being able to read the tape. You had to … Read More
Give Yourself Time
Got back from a run. Yeah, this Georgia Tech campus is very nice. Had a mocha frappachino from Starbucks (I do not even know what that is and I unordered the size three times) to help with my 4am wake up call. Walked the room for my presentation. I like to get a feel for the room and see myself … Read More
Time of Day Tendencies in the S&P 500
A look at some time of day inflection points in the broad market.
Reading the Tape In Multiple Time Frames
I was trading V today for the third consecutive day. My initial bias was short based on the weakness on the tape I had seen during the prior two days. During yesterday’s two point pop in the SPYs I found it to be very telling That V barely bounced. So I came in today ready to get short again. The … Read More