Here is a case study on one SMB Trader struggling with his psychology. I’m sure many readers have experienced the same struggles. We end with a plan to solve this psychological issue for this trader. SMB TRADER: I’m really disappointed. This was bad. Probably the most disappointed I have been in myself in a long time. There’s no reason, no excuse, … Read More
Focus on Building Your Trading Position: Embracing Long-Term Strategies (VVUS)
Hey Bella, I was reviewing my trade from VVUS today, and there were two things I forgot to run by you that I was thinking about during the trade. First, I used our discussion on the steepness of moves to help me stay in the trade. I have had problems with past trades where I would get into a position, … Read More
Trading Bigger (GMCR)
GMCR from 7/16 Where to add size on this play? I thought about it all day and discussed it with a number of other traders. One camp was “be big at 19.20, the 2nd time, at 11:20am with an out in the mid 30s”. I can’t totally agree with this. I don’t think you can get that big there, responsibly. … Read More
Should you quit trading?
Hey Mike, How are you? Everything at SMB going well? Life outside of work is good? If you have the time, I could use some advice. I have now been trading about 10 months at (firm deleted) and learning from one of the best traders. For our style of trading, the firm as a whole finds this to be one … Read More
One Netflix Trade
NFLX has been in play since the huge move on Thursday. I looked to trade it on the short side on Friday as it was overextended and had a powerful Opening Drive to the downside. It ended trading off about four points from its high but failed to close below 81 which had been a key support level on Thursday. … Read More
This Is What Insider Trading Looks Like
One of the most volatile stocks last week was LNCR. On Wednesday the Financial Times reported that it was in talks to be taken over for over $40 per share. The stock immediately spiked on heavy volume from 26 to 29. The market clearly believed the story. So it was on the top of my list for trading the rest … Read More
Reversal Rehearsel Revisted
Two weeks ago I wrote this post discussing that a lot of money was being made on the desk via reversal patterns. This post will discuss a few trades from last week that continued to show this pattern remains highly relevant and where a lot of money can be made intraday. On Thursday after the Supreme Court health care decision … Read More
The Trade That Never Happened
This morning I was reviewing Tuesday’s price action in APOL and found a long setup that I liked. On Tuesday while trading APOL I became somewhat enamored with the 35 level as it worked twice for me during the first 15 minutes of trading. But the truth is after 9:45 34.80 established itself as a much more important level for … Read More