I just handed in my manuscript for One Good Trade to Wiley. I am relieved to have this behind me. During my editing process I discarded some humorous anecdotes that just did not quite fit with my book. I thought you might enjoy this one interview I had with a prospective prop trader candidate. GOP: Be Respectful This next interview occurred … Read More
Understanding Inflection Points
A core part of SMB’s trading philosophy is identifying inflection points in the stocks we trade each day. These are prices where battles take place between buyers and sellers. After a battle is over a stock will typically move very powerfully away from these prices. Sometimes stocks will touch these prices two, three, or even four times in a day. … Read More
From the Mailbag – Part 4
I received this email from Reader Josh. This is a very interesting dilemma he finds himself in as a new trader. For SMB Readers do you have any advice to offer Reader Josh? Hello Bella, I believe my question is geared towards adjustments. I am 25 years old. I have been playing poker and making money in it since 2004 … Read More
Reading the Tape with Gman: How to Use Levels to Win
Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about using tape reading skills to identify and take advantage of key intraday and longer term levels. You can read the full article here.
SMB in TheStreet.com – DryShips: Shipping Winners & Losers
Mike Bellafiore, partner at SMB Capital, was cited yesterday in an article on TheStreet.com about the weakness in DRYS. You can read the full article here. Don’t forget to follow us on Twitter!
Ya Gotta Be Flexible
As an intraday trader I need to make many adjustments during each trading session. I have to determine if a stock is a short, a long, or a no trade. I may also make adjustments in how I am entering and exiting my position. If I don’t keep an open mind it is impossible to make the adjustments necessary to … Read More
Getting Rewarded for Doing the Wrong Stuff
We teach our traders how to trade while taking little risk in the marketplace. We teach them the fundamentals and then allow each trader to develop a trading style that suits their personality. Further, we give each trader the freedom to trade whatever stock happens to be in play and in a fashion that suits their style. Unfortunately, this allows … Read More
Reading the Tape Syllabus
We have gotten some comments and emails from some fellow readers asking what is included in our Reading the Tape program so we prepared this syllabus. SMB Reading the Tape Syllabus DAY 1: The Basics The Basics 1. Two quick written lectures on The Level II and The Prints including a Glossary. 2. One 15-minute audio lecture on the Prints … Read More