It is always so interesting and exciting to me to receive notes from aspiring traders all over the world. As much as we complain and carp about our markets, they are still the best in the world. Those worldwide want access to our trading opportunity. It reminds me of Churchill’s famous quote: “It has been said that democracy is the … Read More
This Week’s Top Posts
A busy week in the market with our first legit pull back since early October. All of the below posts deal with process, which is the only path to longevity for most successful traders. Also, check out the short video Bella created offering a sneak peak at the SMB mentoring program entitled “The DNA of Successful Trading”. Six Reasons Traders … Read More
Ask Yourself This Question to Trade in the Zone
In a recent blog post on the ancient philosophers at Barking Up the Wrong Tree an interesting idea for our trading was presented. Really thinking about just how awful things can be often has the ironic effect of making you realize they’re not that bad. From my interview with Oliver Burkeman, author of The Antidote: Happiness for People Who Can’t Stand Positive … Read More
Enhancing Trader Performance: Deliberate Trading
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note The principles espoused in the concept known as deliberate practice can greatly benefit the trader who wants to take his or her … Read More
Manual Stop vs. Hard Stop: Unveiling the Advantages in Trading
We posted The PlayBook Checkup: Breakout $TSLA yesterday and then received this question. Excellent trade description, thanks. It really made me think! I find some ambiguity with the hard or manual stop. I always use a hard stop, partly because as you say a fast market can result in a much larger loss than planned. What is the advantage of … Read More
Trade Review: Mastering EURUSD with Price Action Confirmation
In this segment, Marc Principato, CMT, reviews a real EUR/USD day trade that is based on two price patterns and candlestick analysis. He uses price action as confirmation to enter the trade. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
The PlayBook Checkup: $ARO AM Fade Trade (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in PowerPoint of $ARO AM Fade … Read More
Solving the #1 Trading Frustration (Video On Demand)
In our most recent webinar Steve Spencer, co-founder of SMB, shared some solutions for the #1 Trading Frustration: Adapting to changing market conditions. In this jam-packed, illuminating session we covered: 1) The #1 Big Picture setup for 2013 and whether to make that trade in 2014 2) The most recent change in US equities markets and the setups to trade … Read More