This Sunday on StockTwits TV at 8:30 PM I will be discussing an Optimal Trading Day. I will discuss how some define an Optimal Trading Day, how not to define one, and offer a suggestion as to how to define an Optimal Trading Day. What I mean by Optimal Trading Day is what is a great day for you. What … Read More
Play of the Day- FAS
When I traded back in the day there were no leveraged ETF’s. I wish there were. They offer the intraday trader opportunity. Whether ETF’s offer too much risk to the market is not for me to decide. What I know is that there is money to be made as an intraday trader mastering them. Let me offer one simple example … Read More
Need Some More Time Please
OK so we got some weakness with the market today. Are we starting the leg down that most have been predicting since SPY 83 (oops!). Was the news about back to school sales the catalyst? China? Rising foreclosures? The dollar? Unemployment? Government Debt? Certainly the bears have a multitude of fundamental reasons to support their thesis for a downmove. And … Read More
A Note to the Suits at StockTwits TV
So last night was my debut on StockTwits TV. And after that experience I have some thoughts for the suits at StockTwits TV. 1 ) Clearly I was awesome. My awesomeness existed on so many levels I find it hard to begin. Have you seen my reviews? @downtowntrader$$ Must watch stocktwits.tv by @smbcapital – really great job tonight Mike. http://bit.ly/cxgzP … Read More
Firms Sharing to Add Value
One of the great rewards of running a firm like SMB is the friends we have made from others firms. There are some exceptional firms and people in our field. I am certain that in ten years there will be a dozen exceptional intraday trading firms offering enormous value to their traders. Especially since the Buy and Hold strategy has … Read More
Repeating Patterns to Exploit
One of our new traders in the June class asked me about what I review when I watch my trading video. The short answer: patterns that offer clean trades where I can be aggressive. When I review my work and I see patterns that offer these clean trades I brand that opportunity in my head. Let’s take a … Read More
Keep It Together
Panic is not a good thought for a trader. And during really crazy moves in a stock, when you may be tempted to panic, calm is required. I had such a situation on the Open with MHS. Let’s discuss. So we start the day and Alexander gets me into this MHS. I wanted to trade something else but he just … Read More
Brick by Brick
After I leave the office Friday around 7PM I generally grab some dinner (last night at Pomodoro on the UWS….delicious!) and then shut things down for the day. So I missed an important email sent to me last night. An email that a new and developing trader can learn from. One that we should all write to someone who we … Read More