How to Stop Making Bad Fade Trades

September 30th, 2014 One talented developing trader we work with is struggling with making poor fade trades and controlling his risk.  I know many in the trading community struggle with poor fade trades and losing too much in lesser trades.  The exchange between this trader, his solutions, and my response might be able to help. After a huge rip and then bounce back day he wrote: Needed a good bounce back / confidence booster day today. I find that these 1500-2k+ days are coming easier and easier which gives me confidence..I talked to Steve and he gave me some really good advice on Friday that i think will help me plug this fading leak. He said Read more [...]

How to Put an End to Inconsistent Trading

September 29th, 2014 A core Trading Frustration in the SMBU Community is a lack of consistency with their trading. In this video below Steve Spencer and I offer some solutions to improve your trading consistency. The search for consistency is a differentiator between pro and developing trader. Learning to develop a detailed trading plan for all of your trades will help. In this post I was asked a question about consistency from a developing trader. Do this everyday to be consistent! Learn More About the SMB DNA Mentor Program | October 14 Class Limited to 40 Students You can be better tomorrow than you are today! Mike Bellafiore   One Read more [...]

Two Trading Mistakes to Avoid

September 29th, 2014 Hello Mike - I completed reading your book last week and have to say the lessons I've learned from it are extremely invaluable to me in my quest to develop into a consistently profitable trader. I have typed up (18) pages of notes from your book that I have been reviewing them regularly in order to pound these concepts into my subconscious. However, I don not understand the following (2) phrases from your book and wish for you to explain them to me: 1. "If you hit the decrementing (reducing?) big bids as a momentum lot, and buyer rebids, you have to get out right away'". 2. "Don't overtrade levels during midday. Algo Read more [...]

The $GPRO Short and Why the Market Doesn’t Care

September 29th, 2014 *****This is a guest blog submission from Jordan Caroleo - @Jordar411***** — Editor’s Note Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike. One thing that I've heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those traders "why is this a good idea? What is your reasoning?" On Thursday (9/25), I got a response that a traders thesis was "on basis of super extension, possible blow-off top this morning and today being day 3 of big ramp." I also had responses regarding the short Read more [...]

An Uncomfortable Short ($JNS)

September 26th, 2014 Hey Mr. Bellafiore, I hope all is well with you since we last spoke in the middle of the summer. I have two quick questions for you, that I hope you can answer when you have a spare moment. These questions are both based on your personal trading style. 1.) Is there ever a point in the day where you stop considering/looking at the pre-market activity on the charts? For example, if my charts are turned on to show the pre-market action for a ticker like JNS, it will look like the stock still has a lot more room to run towards the down side. From this chart and price action, I might consider a re-short around $14.70's and cover Read more [...]

Recording: Jim Dalton of How to use the Market Profile to Gain an Edge in Options Trading

September 25th, 2014 This week, Jim Dalton of made his first appearance on the Options Tribe to present how he uses the Market Profile in his options trading decisions. Enjoy the Video! We look forward to seeing you at future meetings! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: No relevant positions Options Learn Read more [...]

How I Traded Two IPOs Today ($CYBR and $CFG)

September 24th, 2014 Watch Bella explain how he traded two excellent IPO opportunities today.  You might notice both were not named Alibaba :) "You can be better tomorrow than you are today!" Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at no relevant positions     Read more [...]

Free Webinar with John Locke

September 24th, 2014   Take this opportunity to Locke In Your Success by listening to a panel of 8 experts who will share knowledge that has taken them decade's worth of time and money to accumulate at the Investor Inspiration Online Training Conference. It all happens on Thursday, September 25, 2014, I will be speaking at 4pm EDT on Option Strategies for Income along with 7 other trading experts from 1pm to 7pm EDT at the Financial Freedom Workshop. Gain valuable knowledge that will give you a competitive advantage in the markets. Learn about several markets and investment philosophies in this must attend event. Watch as they take Read more [...]
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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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