Archive for February 2011

Steps to Mastery

Feb 28th, 2011 | By | Category: Adam Grimes's blogs, Trader Development, Trading Psychology
Some more thoughts on developing skills and mastery. Read more [...]

Bias Shmias!

Feb 28th, 2011 | By | Category: General Comments, Intraday Levels, Steven Spencer (Steve's) Blogs, Trader Development
One of the most frequent confessions I hear from developing traders is that they couldn't change their bias when the price action warranted such a change.  They develop a bias as to which direction a stock will trade and hold on to their viewpoint despite overwhelming evidence to the contrary.  I have even heard there are many experienced traders who deal with this issue as well.  Lack of mental flexibility is a burdensome trait for a trader to have to carry.  It is a career shortener. This morning I talked about JKS in the AM Meeting.  They had a blowout quarter and raised guidance going forward.  It was gapping up big Read more [...]

SMB University – Live From the SMB Classroom with Joe Fahmy

Feb 28th, 2011 | By | Category: General Comments, SMB on TV
Joe Fahmy appears on SMB University to discuss relative strength and trading on multiple time frames. Read more [...]

Path to 1K Terminated

Feb 28th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
We challenged some of our newest traders to expect more from their results recently. We wanted to push them toreach for a goal just outside of their present ability. This is how you improve at anything. You push yourself beyond your comfort level for a new goal you are not quite good enough to obtain. Every night I asked these traders to thoroughly review their work and send me an email with their path to 1k for that day. Friday I pulled the plug on this project as it was time and I want to concentrate on a new push for their learning. I asked our traders to give me some feedback on this exercise. Perhaps this is a learning exercise Read more [...]

SMB Morning Rundown – February 28, 2011

Feb 28th, 2011 | 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 [...]

The Back Nine- You First

Feb 27th, 2011 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
On the couch, wife out of town, a full container of perfectly ripe cantaloupe, what is a young man to do? I found a killer documentary, not via NFLX, The Back Nine that has left me with a day full of thoughts on trader performance. First should we teach traders to work through their psychological hurdles before we talk set ups? I am not Roger Ebert so please forgive me for skipping to the parts of this documentary that are important to us and not necessarily those which best describe the movie. A 40 year old, father of a little girl, husband, 14 handicap, and small business owner attempts to become a scratch/tournament player. Read more [...]

Josephy Fahmy to Appear on SMB University

Feb 25th, 2011 | By | Category: SMB on TV
Joseph Fahmy will appear on SMB University this weekend to discuss trading on different timeframes and how to use relative strength in your trading. Be sure to tune into Sunday's show on StockTwitsTv at 8:30 PM EST this Sunday. Read more [...]

SMB On StockTwitsTV

Feb 25th, 2011 | By | Category: SMB on TV
Steve discusses the stocks in play for the day. Read more [...]