Steps to Mastery
Feb 28th, 2011 | By Adam | Category: Adam Grimes's blogs, Trader Development, Trading Psychology
Some more thoughts on developing skills and mastery. Read more [...] Archive for February 2011
Some more thoughts on developing skills and mastery. Read more [...] Bias Shmias!
Feb 28th, 2011 | By sspencer | 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 in the pre-market and had more upside potential I believed. Based Read more [...]
SMB University – Live From the SMB Classroom with Joe Fahmy
Feb 28th, 2011 | By smbcapital | 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 Bella | 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 you might consider for your trading development.
Hey Bella,
I Read more [...] SMB Morning Rundown – February 28, 2011
Feb 28th, 2011 | By smbcapital | 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 Bella | 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. Can he do it?
Well he is strapped for time, isn't really Read more [...]
Josephy Fahmy to Appear on SMB University
Feb 25th, 2011 | By smbcapital | Category: SMB on TVJoseph 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.
SMB On StockTwitsTV
Feb 25th, 2011 | By smbcapital | Category: SMB on TV
Steve discusses the stocks in play for the day. Read more [...]
Sometimes Nothing’s A Real Cool Hand
Feb 25th, 2011 | By Seth Freudberg | Category: General Comments, Options Education, Seth Freudberg's Blogs
For those of you who are movie buffs like me, you'll know that one of the truly greatest films of all time is Cool Hand Luke, the titlecharacter having been played by Paul Newman in one of his finest roles. If you haven't seen it, see it. What a great flick.
The Paul Newman character is a prisoner on a chain gang in the South. After a hard day of road work in the grueling hot sun, the prisoners would congregate to play poker after dinner. Luke was an excellent player, renowned for his bluffing skills. In the scene that explains the movie's title, he was able to bluff his way into collecting the pot with literally nothing in his hand. As the rest of the prisoner's laughed in Read more [...]
SMB Morning Rundown – February 25, 2011
Feb 25th, 2011 | By smbcapital | 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 [...]
