Are you reviewing your trading solely based on your P&L? Is your focus on what you learn from the market or how much cash you are taking out? Do you do a weekly review? Below is a weekly review by a new mentee that the developing trader might implement with their trading. Hi Bella, The following is my weekly review … Read More
Traders Ask: How ’bout that cover? (ANR)
Hi Mike, you have been very generous to answer a couple of my questions in the past, I am hoping you can offer some insight on what I find is a common trading dilemma. I traded the following setup this morning. I went short ANR at 19.95 at 9:47. Briefly my idea was: 1. ANR has been in play the last … Read More
Caught in an overflip (CAVM)
I haven’t been this mad at myself as a trader in a long time. After the trade I vocalized, “That was such a stupid trade. That is exactly how not to trade.” I was pissed. Furious. I had a family issue that placed me in a foul mood right before the Open. To the point where I almost got up … Read More
Traders Ask: I am an undertrading undertrader
Hello SMB, Thank you for what you do for the trading community. I appreciate the blog as well as Bella’s book. A problem that I have is undertrading or failure to pull the trigger. It doesn’t happen all of the time but it happens too often. An example: Yesterday (9/21/11) SINA had a refreshing seller at 97 between from about … Read More
The Pre-market Tell
I am really starting to sound a lot like Bella these days. When he lectures our trainees he tends to repeat himself over and over and over again. My style tends to be more like “this is the concept–good luck” (maybe not that bad:) I didn’t fill out a lot of “blue books” in college and law school. I like … Read More
Leveraging the talent of your trading community
I have a confession. I hate being the face of SMB. It is not in my DNA. If we were playing pickup basketball I would be the point guard and not the scorer. You may have noticed when SMB goes on CNBC I stay at the office. I pray to the trading gods everyday for Steve to become increasingly noticed, … Read More
What is working now?
I ask myself this question constantly. It isn’t enough to come in each trading day armed with a series of ideas. You must evaluate the price action in the market and for each stock that you are watching. And you MUST be prepared to move your attention to the stocks or ideas that are offering the most opportunity. This is … Read More
The nice thing about communicating at a desk (PEP)
A guest post written by trainee SW: Communication is one of the 7 fundamentals taught here at SMB. The nice thing about trading here is that traders are always sharing ideas and learning from one another. Today was not an exception. I was involved in PEP shorts in the morning. However, PEP couldn’t hold below the 62 level from yesterday. … Read More