Good on Paper (GOP): Be Respectful

BellaGeneral Comments22 Comments

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

sspencerSteven Spencer (Steve's) Blogs, Trading Theory3 Comments

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

BellaMike Bellafiore's (Bella's) Blogs47 Comments

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

Ya Gotta Be Flexible

sspencerSteven Spencer (Steve's) Blogs, Trading Theory8 Comments

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