Bella, I am a huge fan of One Good Trade. Currently, I am wrapping up The Playbook. My friend and mentor put me onto One Good Trade after I had expressed interest several months ago in trading, and I have fallen in love with the profession. My desire is to become an intraday trader, but I want to go about … Read More
What this College Trader Can Teach You
A graduate of our college summer training program pinged me about visiting. Hi Bella, I’ve taken the SMB Foundation for college students last summer with RJ, Dan, and Andreas, opened up an account (edited) and have been trading since September. I don’t know if you remember me, but I’m the guy from Toronto who plays ping pong. I’ll be visiting … Read More
Implied Volatility Filtering (SMBU Daily Video)
In our SMBU Daily Video, learn more about filtering implied volatility. In this video from Andrew Falde, you will learn: How to use the implied volatility indicator How to determine a stocks implied volatility What a low or high implied volatility indicates How to identify better trading setups using implied volatility Enjoy the video! *no relevant positions
SMB College Training Testimonial
Every summer, the traders on our desk look forward to the opportunity to work with two groups of college students who are passionate about trading. Although they may attend different universities, major in different subjects, and live in different cities, they all share the common goal of trying to develop an edge in the market. Given the steep learning curve … Read More
Boost Your Trading Day: Top Financial Websites
What financial websites do you use to prepare for trading? @MikeBellafiore I asked our newest training classes in Austin and NYC to share what websites they use and why to prepare for each trading session. Then I aggregated their answers, unedited, into this post. This gives you an excellent guide of websites to help you prepare for each trading session. … Read More
How to Get a Trading Job in College
As a trader who went through the SMB College Training Program previously, and was subsequently hired to trade on the desk in their NYC office, I wanted to write a blog post to answer some questions I’ve received lately. I should also mention that I now head up the College Training Program and it is my sincere hope that I … Read More
What Does “Losers Average Losers” Mean?
Many years ago Paul Tudor Jones was photographed in front of a photo that read “Losers Average Losers”. What the heck does that mean and why is it so important? As traders our #1 job is managing risk. If you add to losing positions it may become extremely difficult to manage your risk. For example, If you put on a position … Read More
Ask anything: can you beat the markets?
Hi Mike, I have heard that there are roughly 50,000 professional traders and 20M want-a-bes. That’s about 1 in 40 and even though those are not good odds I am happy to know that it is possible to do. I have struggled with day-trading. But I have found using options trading longer term chart patterns (weeks and months) that I … Read More