Archive for April 2011

Traders Ask: How to Manage the Risk

Apr 30th, 2011 | By | Category: Adam Grimes's blogs, General Comments, Technical Plays, Trading Lesson
AdamG_SMB shares a question from a developing trader... Read more [...]

Background information for swing trading videos

Apr 30th, 2011 | By | Category: Adam Grimes's blogs, Trading Lesson
@AdamG_SMB does a short video explaining his philosophy and approach to swing trading. Read more [...]

Don’t Miss The Move

Apr 30th, 2011 | By | Category: Guest Blog
When I'm mentoring one thing traders are surprised at is my ability to “stay with the move”. This is a common struggle of many traders as they try to reach that next level in their trading. Just this one skill alone can go a long ways toward getting you to that next level. The ability to “stay with the move” and trade the move is essential for an intraday trader and even for swing traders. Why is this hard for so many? I can think of a couple of reasons. 1)  Lack of confidence in their initial analysis. 2)  The fear of giving back some profit. How can a trader overcome this? My answer is to get better with your Read more [...]

A note from our floor manager

Apr 30th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
This was an email our floor manager sent to our desk this AM: Hello, I will be in the office this Saturday morning from 1015AM-1PM. If anyone wants to spend a couple of hours in the office and prepare for the upcoming week I think this would be a great opportunity. I know the weather is going to be nice this weekend, but schedule a couple of hours to review your performance this month. Remember your performance is a reflection of preparation over a long period of time not just one weekend!!! Read more [...]

The sun never sets on the SMB Options Training Program Beta Test Team

Apr 29th, 2011 | By | Category: General Comments, Seth Freudberg's Blogs
In the very near future we will be launching the SMB Options Training Program which we've beenworking on intensively for months. We have had a  fair degree of interest in the upcoming program and it occurred to us that it might not be a bad idea to invite a few   trainees into the process before our formal launch, in order to get their feedback on the training curriculum.  So we created the SMB  Options Training Program Beta Test Team and invited four interested trainees onto the team. What a great group of guys. I am so impressed with the initiative that they have taken to provide me with feedback on the course. After Read more [...]

The Internship of a Lifetime

Apr 29th, 2011 | By | Category: Guest Blog
I’m not someone who typically believes in luck, but in this case I feel I barely scrapped by. This internship was a tough one to get.  I went through three interviews with Bella, Steve, and Gilbert.  I first got in contact with Bella in December for a little career advice, after reading his book. (At the time I was learning to trade for a small firm starting up). I eventually realized SMB was where I wanted to be. SMB seemed to care about its traders, and already provided me with a lot of help through its blog. I sent in an application to HR in February and gave Bella a heads up. HR liked my resume. Awesome! I had a phone Read more [...]

SMB Morning Rundown – April 29, 2011

Apr 29th, 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 [...]

Another Ridiculously Easy Set Up (BJ)

Apr 28th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
I just got an email from a developing trader describing the below as "another ridiculously straightforward set up from today."  I chuckled.  He had sent me a few already.  But as we like to say daily on this teaching blog, it's about finding the plays that make sense to you and trading them more often and with more size.  And a great exercise which this young trader is going through is recapping his day and branding the best set ups for him in his mind.  This is a good example of working on your craft. I did ask if he caught this trade.  He replied, "Yup." Read more [...]