Question: Last week I went flat to cash in anticipation of the election, FOMC, and monthly jobs report. What a bad week not to be long. Do you consider broad, macro events like the FOMC, monthly jobs reports, Chicago PMI, consumer sentiment numbers etc. etc. in deciding whether to buy, hold, or sell positions? Do you ignore these macro events and … Read More
I Have Had Better Trading Days
Well I have had better trading days. I traded RIG on a breakout to the longside. Drop out, stopped out, ripper. I gotshort AKAM on the breakdown. Buy the new low program, squeeze, stops triggered, ripper. RIG broke to the upside again, I got real long, reversal, ripper. I got long AKAM after a reversal, very long, reversal, then ripper. … Read More
Traders Ask: Pyramiding
Question: Hi, I love your site and it´s been very helpful to me. It helps me remember that in trading you never stop learning, and you should always stay alert, for sometimes one’s worst enemy is oneself. Here’s my question / problem: lately, I have made several good trades, entering around the right time (although I need to work a little … Read More
A ?4 the Trading Community (Part II)
I received the email below from an SMB Blog Reader: I’m sure you are really busy so I don’t necessarily expect a reply or anymore of your time..I do want to say Thanks again however. I have pinpointed my issue..and it seems crazy. I don’t seem to have the balls to saty in winners long enough. Every thing I went long in … Read More
A ?4 the Trading Community
I received the email below from an SMB Blog Reader: I’m sure you are really busy so I don’t necessarily expect a reply or anymore of your time..I do want to say Thanks again however. I have pinpointed my issue..and it seems crazy. I don’t seem to have the balls to saty in winners long enough. Every thing I went long … Read More
Traders Ask- Right Thing to Do?
Dear Bella, My name is (name deleted) and I am a twenty year old student at University of Florida. I have been following smbcapital on twitter ever since I saw you guys on Wall Street Warriors. I am more of a currency trader but recently I have been reading your morning rundowns and trying to trade the stock like how … Read More
Learning From a Reader Who Learned From SMB Blog
Today I received this email from a trader who learned from SMB Blog. Perhaps now we can all learn from him. Here are his trades: Attached is a word document with screenshots of a trade I made this morning. I used 2 of your recent blog entries to find a stock and implement your strategy. Probably one of the best … Read More
Lots and Lots of POT Buying
POT was in an intraday downtrend. It looked horrible on the intraday chart. 140 was a huge technical level on our longer term charts. 140 became a humongous intraday level and guys were buying both hands at a time near and around 140. I tried to tweet the unusual buying on the tape, but Twitter was on a siesta. … Read More