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 [...]


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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 smbtraining.com) 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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