In this video I discuss several aspects of buying a market pull back. Part II of this post will deal with the bounce that occurred on December 14th. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: … Read More
Back against the wall trading
I get a lot of emails from prop, hedge fund, and retail traders confiding: I have to make money now! Their back is against the wall. Your first reaction may be that they are in this position because they did not seek help earlier. But that would miss the point of this post and the lessons we can learn from … Read More
Marketable Limit Orders
In our SMBU Daily Video, learn what a marketable limit order is. In this video, Andrew Falde shows you: The difference between a limit and market order How you can create a hybrid order that combines the benefits of both a market and limit order An example of a marketable limit order The upside and downsides of this order type … Read More
This is what a professional trader looks like
It’s 7:27PM EST on Thursday night, I throw my backpack over my shoulder and head home for the night. As I close my office door at our proprietary trading firm, I notice a trader still at the office. That’s him, last night in that picture above. This is what a professional trader looks like. Let me be clear about … Read More
Careful aggressive traders
I love aggressive traders. Firms love aggressive traders. There is trader lore and real-history of firms testing for that fabulously aggressive trader trait (if it exists). Then there is these times. Markets when the aggressive trader takes his beating from Mother Market for being overly aggressive. The holidays are coming. It’s not earnings season. Traders are sitting around, re-clicking ESPN … Read More
30 trading habits in 30 days- Take A Break
Welcome back to our new series 30 trading habits in 30 days. When a new trader starts to outperform we study him at our firm. How is he doing it? What makes him so good? What in his background could have predicted this success? What best practices did he develop to succeed? Let me point out one best practice from … Read More
A Dopey Options Concept
In our SMBU Daily Video, Seth discusses a dopey options concept. In this video you will learn: Options Traders often fail to understand that cheap options are cheap for a reason Traders get confused by promises of huge returns, not realizing how improbable those returns are Buying cheap out of the money is a game stacked against most traders who … Read More
A Conversation With a Developing Trader
In our SMBU Daily Video, Mike Bellafiore shares a conversation he had with a developing trader that may help your trading. In this video learn: How to get paid during a month of trading Technical setups not worth taking The trading season we are in Mike’s rant about how no one works in the Fall in NYC *no relevant positions