Trading lesson learned from a large loss

December 9th, 2016 I am proud of a trader on our desk. He got stopped out in FNSR.  In a trade that he should not have made.  The trade is too fast for him. (Learn more about trading edge in this video.) He violated his stop loss. He got caught like a deer in headlights as the trade went against him. That is a pretty tough down move for a stock that appeared to have good news before the open. Bella, why are you proud of this trader?  He appeared to do so much wrong. He learned very valuable lessons from this trade, as he specifically communicated to me in a closed-door review. This trade does not fit his personality. Read more [...]

SMBU’s Options Tribe Webinar: SMB Options Desk Trader Andrew Falde: The Emotion that Helped Me To Become a Profitable Options Trader

December 7th, 2016 This week, Andrew Falde returns to the Options Tribe to share the decision that he made several years ago that saved his career as an options trader. Read more [...]

It’s never just patience

December 3rd, 2016 Often I hear traders decry their lack of patience.  If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, "I JUST need to wait for my levels."  Again the idea is if trader just waits for his levels he will start winning.  This in itself is not sufficient.  Trader must also add trades that work for him off of levels.  Internally we encourage traders to judge every level on a scale of 1-10.  Trader must define the levels worth trading off of.  Trader must develop their system that works best with their talents Read more [...]

SMBU’s Options Tribe Webinar: SMB Options Desk Trader John Locke: Mastering Options Income Trading

December 1st, 2016 This week, perennial favorite John Locke returns to the Options Tribe to discuss options income mastery. Read more [...]

Context for Consistency

November 30th, 2016 In this video, Andrew Falde shows you a simple way that professional traders adapt to changing market conditions. The tools that Andrew discusses can help you become a more consistent trader. Read more [...]

Trade Review: Long Gold

November 27th, 2016 In this video I share my thought process on why I opened a GLD long trade. If you are interested in watching and learning about these trades in real time check out a Trader90 trial which includes all of our trading tools.   Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] Steve Spencer is long GLD Read more [...]

The Second Day Play $TSN

November 23rd, 2016 In this video, Mike Bellafiore, discusses the importance of journaling important levels so you can take advantage of second day plays. Tyson turned into a classic second day trade this morning. * no relevant positions Read more [...]

Why this trader was not hired

November 22nd, 2016 In this video, Mike Bellafiore, shares an interview that ended with an aspiring trader not being hired. This aspiring trader was deficient in an area that may be keeping you from achieving your potential as a trader. Read more [...]