The action in this shortened week started on a strong note, and finished on a strong note. After popping above 90 on the SPY in the opening minutes of trading on Tuesday, the bulls seemed to be in control for the most part, never dropping 89, even when it appeared on Thursday that we would be trading down to the … Read More
Find the Best Teacher
Mike wrote a very thoughtful article for SFO Magazine about how to find the best teacher. In the article, Mike discusses the characteristics of a great teacher and why it is important to find someone with these qualities when searching for guidance. You can read the article here. Feel free to leave comments on this blog.
Anatomy of a Rip
I mentioned last week that I would blog the next time I took a rip of more than 1K. Unfortunately, I ripped up a lot more than that today. There were several reasons why I took this unnecessary loss and they were all my fault. Sometimes as a trader you will take a large loss due to market circumstances. But … Read More
AOC Friday 5-1
Sharing information is very important on our desk. This helps newer traders learn more quickly and keeps more experienced traders in the know of all the major moves different stocks are making. There are two types of information that are most important to share. What the stock has been doing and how you are going to play it. In earnings … Read More
Momentum Versus Range-bound Trading
Jarrett wrote: “How do you know when a stock will go from momentum/ trending nicely, to consolidating. This always get me in trouble. I will trade a stock, like IBN, from short side 32 to 30, than it traded 30, so i got short, then it bounces to 30.20 i cover, back and forth, and it turns out the stock … Read More
The Week That Was: May 11 – 15, 2009
The market finally showed some weakness this week. After closing near the rally’s highs at 93, the SPY gapped down on Monday morning, never being able to hold the 92 level, then the 90 level later in the week. Although we were pretty weak on Friday, we held above the 88 level which has been a huge inflection point over … Read More
Buying on Pullbacks
Buying on pullbacks can be difficult to do. But this is a skill that every trader needs to learn to take their game to a new level and become a more consistent trader. Like any other skill, the more you do it, the better you get at it. Below are a few guidelines that have helped me find good entry … Read More
SMB on CNBC’s Fast Money Tonight – May 11, 2009
Our very own Jeff Tomasulo, senior trader at SMB Capital, appeared tonight on CNBC’s Fast Money. Jeff discussed buying into pullbacks and highlighted trading setups in V and IBM. Jeff has been trading professionally for over thirteen years. This is must see TV. Best of luck with your trading! Don’t forget to follow us on twitter.