Archive for January 2010

StocktwitsTV – Live From the SMB Classroom with Bella

Jan 31st, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs, SMB on TV
On StockTwitsTV, Bella discusses the failure rate among proprietary traders and ways to improve a trader's chance of success. Read more [...]


Awesome Links of the Week!

Jan 31st, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
Bella highlights the best articles and posts from the past week. Read more [...]


The Failure Rate of a Proprietary Trader

Jan 29th, 2010 | By | Category: General Comments
I remember the discussion like it was yesterday. It was in our former 8x10 makeshift training room/office/conference room/lounge with the first trader who ever failed at SMB Capital. JJ announced he was leaving to take a six-figure job at a financial services company in NYC. But let's be honest. JJ was leaving because he was not making money as a trader. And while he put on an off-to-better-things face, JJ didn't want to leave. I didn't sleep well for a month. I felt like his failure was my failure. And I'm sure JJ didn't sleep well for two months prior to our exit conversation. I still miss having him as a part of our firm. Read more [...]


SMB on CNBC HALFTIME REPORT

Jan 29th, 2010 | By | Category: Jeff Tomasulo's Blogs, SMB on TV
Jeff Tomasulo, senior trader at SMB Capital, appeared earlier today on CNBC's Fast Money Halftime Report. Read more [...]


SMB Morning Rundown – January 29, 2010

Jan 29th, 2010 | By | Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open. Read more [...]


Trading Our Best AM Idea

Jan 29th, 2010 | By | Category: Steven Spencer (Steve's) Blogs, Trading Theory
Our "Best AM Idea" that we tweet each morning as part of our morning roundup blog is a trade idea that is based on all of the information we have prior to the market's Open. Yesterday, I suggested that FCX be bought on a pull back to 71.50. FCX has traded down about 20% since reaching a 52 week high up around 90 on January 11th. The prior day, it bounced nicely in the afternoon and was gapping up in the morning. It was a perfect candidate to buy on a quick drop on the Open. I was willing to risk 15 cents to catch 2-3 points of upside. But a funny thing happened on the Open yesterday. The market came off hard and dropped Read more [...]


SMB Morning Rundown – January 28, 2010

Jan 28th, 2010 | By | Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open. Read more [...]


SMB on StockTwitsTV

Jan 28th, 2010 | By | Category: SMB on TV
Yesterday, SMB Capital's Steve Spencer appeared on StockTwitsTV to discuss the Market and the stocks in play for the day. Watch the clip here. SMB Capital appears on StockTwitsTV every M, W, F at 2pm so be sure to tune in. Don't forget to follow us on Twitter. Read more [...]