Archive for June 2010

Be Like Mike !

Jun 30th, 2010 | By | Category: Steven Spencer (Steve's) Blogs, Trader Development
For those of you who are avid fans of the NBA you have probably heard the stories of how Michael Jordan use to practice as a member of the Bulls.  He was totally cutthroat.  It was not uncommon for fisticuffs to breakout between him and some of the bigger players on the second unit during scrimmages.  He hated to lose that much! One of our newer trainees has a Jordan like work ethic.  Of the dozens of trainees we have worked with during the past few years he is by far the most fully engaged in learning the craft of trading.  He wakes up 5:00AM each morning to make sure he can be at the office no later than 7:30.  He never Read more [...]


Trading Quote of the Day

Jun 30th, 2010 | By | Category: General Comments

“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.”

Ed Seykota



SMB Morning Rundown – June 30, 2010

Jun 30th, 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 [...]


How to Find a Hot IPO: TSLA

Jun 29th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
One of our new traders poked his head into my office yesterday and asked,"What do you think of TSLA?" I had read a few things about the IPO but nothing that led me to think it would be especially hot. The whole electric car thing is cool but I didn't feel the hype (think huge margins and a ginormous upside that an analyst would have trouble calculating; heck, think GOOG circa 2004). "Who is the underwriter?" I responded. "Goldman and Morgan." "Hmmm. Well, that is who you want as the underwriters. What is price range for TSLA?" "14-16." "OK, well we want TSLA to open above that range. And then hold above this range." Young Read more [...]


Trading Quote of the Day

Jun 29th, 2010 | By | Category: General Comments

“This (Trading) is not a job where you get paid by the hour.
You get paid for doing the right thing.”

Vadym Graifer & Christopher Schumacher,
Techniques of Tape Reading



SMB Morning Rundown – June 29, 2010

Jun 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 Quote of the Day

Jun 28th, 2010 | By | Category: General Comments

“When reward is at its pinnacle, risk is near at hand.”

Jack Bogle



SMB Morning Rundown – June 28, 2010

Jun 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 newsletter
Options Risk Disclaimer    Forex Risk Disclaimer

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.

Log in | 242 queries. 1.775 seconds.