General Comments

It’s never just patience

Dec 3rd, 2016 | By | Category: General Comments
Often I hear traders decry their lack of patience.  If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, "I JUST need to wait for my levels."  Again the idea is if trader just waits for his levels he will start winning.  This in itself is not sufficient.  Trader must also add trades that work for him off of levels.  Internally we encourage traders to judge every level on a scale of 1-10.  Trader must define the levels worth trading off of.  Trader must develop their system that works best with their talents Read more [...]


Trade Review: Long Gold

Nov 27th, 2016 | By | Category: General Comments
In this video I share my thought process on why I opened a GLD long trade. If you are interested in watching and learning about these trades in real time check out a Trader90 trial which includes all of our trading tools.   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 20 years. His email address is: [email protected] Steve Spencer is long GLD Read more [...]


The SMB Trader Community Survey

Nov 14th, 2016 | By | Category: General Comments
We're excited to offer to you a unique survey opportunity. You see, most surveys are designed to collect information from you. This survey is designed to provide valuable insights to you! Here's how... after you participate in the Trader Community Survey, you will receive a copy of all the collected responses to the first seven questions. Additionally, on December 1, 2016, Mike Bellafiore will teach a free online seminar to share important insights and solutions to overcome the challenges and successfully realize the opportunities that both retail and professional traders face in 2017. During the seminar, Mike will reference Read more [...]


How to Develop a More Reliable Trading System

Nov 9th, 2016 | By | Category: General Comments
In this video, Andrew Falde shares some of the common elements that several professional traders at our firm share when it comes to developing trading models and strategies that continue to work in the real world. * no relevant positions Read more [...]


Come meet SMB and StockTwits at StockTwits Future Forum

Nov 8th, 2016 | By | Category: General Comments
This month come and join SMB and StockTwits for their newly launched event series, StockTwits Future Forum, sponsored by SMB. The topic of discussion is State of the Markets.  Mostly, SMB will introduce the main players in options, futures, stocks, automated trading from our desk, with whom you can chat trading one-on-one. Seth Freudberg, will be there from SMB Options to discuss income options trading, powered by KTG. Merritt Black, will be there to chat intraday oil futures trading and how our sister company, SMBU, might help you. Hopefully our head quant will be back from his vacation to join us for those interested Read more [...]


The first test for a new trader

Nov 4th, 2016 | By | Category: General Comments
You get hired for June on a trading desk. You take The Foundation, a 6 week course.  You learn everything you didn't learn in school, the internet, blogs, cable TV (just kidding), your uncle, and/or trading gurus about the markets necessary to place professional trades. Then it's on to Trader Development where for the next 6 months you experiment with different trades, build a PlayBook, find your niche, build habits of best practices, attend mentoring sessions, watch trading film, share notes with fellow traders, learn to leverage technology thru filters, scanners and autotrading.  You are expected to show an edge in Read more [...]


Boring old habits

Nov 3rd, 2016 | By | Category: General Comments
Ray Allen, former NBA basketball great and UConn alumn, penned a letter to his younger self with the advice: stick to your boring old habits.  He wrote movingly: You’ll win a championship in Boston. You’ll win another in Miami. The personalities on those two teams will be different, but both teams will have the same thing in common: habits. Boring old habits. I know you want me to let you in on some big secret to success in the NBA. The secret is there is no secret. It’s just boring old habits. What would boring old habits be for your trading? That list might include: Get to bed before 9:30PM Read more [...]


I trade well when…..

Nov 2nd, 2016 | By | Category: General Comments
In The PlayBook, my thesis was for traders to study their best trades and build from them, trading these setups more often and bigger.  The feedback I have received is that this has helped many traders.  If you are not actively studying your strengths, consider doing so. Yesterday, during our SMB Options Tribe webinar, special guest, trading author, and trading coach to some of the world's largest traders Dr. Brett Steenbarger shared,"The best traders study when they trade best." This is a more complete thought. A subset of studying when you trade best is the best setups for you.  But studying your best trading involves Read more [...]