Archive for June 2013

Monkey Trading Series: Some IPO Basics

Jun 30th, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Theory
"Monkey Trading" is a broad term I have used lately to describe some of the short term trading I observe that shows a lack of respect for the market. Whether it is a failure to have a detailed trading plan or understanding the nuances of how stocks trades in the HFT dominated marketplace Monkey Trading usually leads to a transfer of wealth from the trader to other market participants. SMB has taught seven core trading principles since we began in 2006 (SMB Fundamentals). One of my favorites is "Proper Preparation". This trading fundamental as defined by SMB is doing the necessary homework to determine which stocks may offer the Read more [...]

Mike Bellafiore’s Presentation at The Trading Show Chicago

Jun 27th, 2013 | By | Category: General Comments
The Trading Show Chicago is considered North America’s leading trading event where traders, quant investors and exchanges come together to explore new advances in trading strategy, quant models, and technology. The event consists of an exhibition, seminars, and a strategic conference. This year Mike, see his latest book The PlayBook, discussed "A Prop Firm's Transition to Building Multi-Product, Multi-Market Discretionary Quant Traders with The PlayBook".  Mike has been invited to speak in Singapore, Russia, South Africa and San Diego later in the year.   Read more [...]

The PlayBook is Getting Great Reviews!

Jun 27th, 2013 | By | Category: General Comments
Mike Bellafiore's new book, The PlayBook, will be published on July 17, 2013. You can pre-order the book now, and once you receive it you can take advantage of some special offers. In the meantime, check out these great notices! "Written by one of the world's best trading coaches, The PlayBook traders who do not trade U.S. equities how a pro does. At the largest prop firm in South Africa, Mike coached our guys to add U.S. equities to their trading quiver. This memorable experience is archived in humorous, engaging, and educational detail to help you build your own playbook.” —Garreth Montano and Kevin Thomas, Managing Read more [...]

Forex Trading: What Is Market Symmetry?

Jun 26th, 2013 | By | Category: Marc Principato, SMB Forex
In the world of forex education, there is a lot of terminology that can be confusing at times. Many educators may use similar terms but have completely different meanings. For example, in the world of market profile, there is the term “value area” which represents 70% of the price action in a given profile. At SMB we also have a “value area” which has nothing to do with the market profile definition and represents a range of values that are important when it comes to our form of volume analysis. So knowing your terminology makes all the difference in your understanding of market concepts and strategies. With that being said, Read more [...]

What is the Best Personality Type for a Trader?

Jun 26th, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs
An email I recently received: Hi Mike, Thanks for your beautiful blog. I am one of your many blog followers and find it very insightful. My question is this: from your experience, what is the best Personality type (Myers-Briggs - MBTI test) for the pursuit of trading ? Is there a type that have the biggest potential for success at trading? or value investing? Thanks in advance @mikebellafiore There isn't one best personality type. In One Good Trade and The PlayBook (the latter, by the way, is available for pre-order), I talk about the characteristics of  pro traders. Here are some attributes that are helpful Read more [...]

Recording: Introducing The New LRC Credit Spread Video Series by SMB Options

Jun 26th, 2013 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs, SMB Options
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading. On June 25 Options Tribe launched the new online home study course by Andrew Falde. Andrew Falde introduced the concepts and specific plan for assembling a portfolio of strategies; and how Linear Regression Credit Spreads offer an excellent opportunity to begin the process of trading systematically.   Seth Read more [...]

Divining Inflection Points– $SPY

Jun 25th, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development
From January to May 22nd I probably traded the SPY less then ten times in total. Today marked the fourth consecutive day I traded the market via the SPY. I trade whatever is In Play. And right now the market is In Play. The most useful price level in the past three trading days has been 157.50. Useful in that it has allowed me to scale into positions with very favorable risk/reward ratios. I identified this as a price on June 21st that I would be willing to commit capital for a market bounce play. How I find important price levels, or as I refer to them as "inflection points" is one of the more frequently asked questions I receive. Read more [...]

Forex Workshop: How We Find Pivotal Prices Using The Golden Mean

Jun 25th, 2013 | By | Category: General Comments
Join Marc Principato, CMT on Monday, July 1, 2013 at 4:30pm ET, in an online workshop on "How We Find Pivotal Prices Using The Golden Mean".  Marc will share how the traders in the SMB Forex and Futures program utilize concepts that center around the golden mean to find potential turning points on multiple time frames. This is an essential step to finding a higher probability trade opportunity. Attendees enjoy special discounts on our training programs. -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own schedule Learn SMB′s Unique Strategy Trade Confidently Read more [...]