Trader Development

Enhancing Trader Performance: Dealing With Doubt

Jul 28th, 2014 | By | Category: David Blair, Trader Development
*****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 Traders make decisions under conditions of uncertainty. In doing so traders must face head on any number of fears related to those decisions.  Whether in life outside the charts or the decisions made within, doubt will rear its ugly head, especially when risk of monetary loss is present.   As traders, doubt can keep us from committing money to our edge, keep us in losers longer Read more [...]


The PlayBook Checkup: Facebook Earnings Trade

Jul 24th, 2014 | By | Category: in house training, Trader Development, Trading Lesson
Below is our newest installment of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video, an SMB trader talks about his trade in Facebook, stock symbol $FB, with a best practice highlighted that can help your trading. @MikeBellafiore This video blog below shows the importance of an elite trading process.  The trader scoured through his past trading results in $FB and detected that he had Read more [...]


The PlayBook Checkup: Unusual Options Activity in $SUNE

Jul 17th, 2014 | By | Category: in house training, Trader Development, Trading Lesson
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 Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a SMB trader talks about his Unusual Options Activity Trade in $SUNE. Best Practices to consider following for your trading discussed include: a) Build signals to offer you better trade signals b) Work in a team sharing your skills and profiting from the skills of another c) Learn Read more [...]


$KORS Short Trade

Jul 16th, 2014 | By | Category: in house training, SMB Video Blogs, Trader Development, Trading Lesson
Watch Mike Bellafiore, author of One Good Trade and The PlayBook, describe a Short Trade he made in $KORS to college trader training students.  Mike walks traders through why he wanted to short $KORS, where, how to add to his short position, and the two short setups offered intraday.  We hope you enjoy this video! “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. No relevant positions Read more [...]


Enhancing Trader Performance: Getting Acquainted With Ourselves

Jul 13th, 2014 | By | Category: David Blair, Trader Development
*****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 For anyone who follows me here or at my blog know I am focused on the mental aspect of the trading game.  In fact, I believe trading is 100% mental from choosing the types of charts you will use to what you will trade to how you will trade it.  We all approach trading via mental biases formed from experience and exposure.  The science of behavioral finance is beginning to take Read more [...]


Enhancing Trader Performance: Easy Is Not Necessarily Better

Jun 29th, 2014 | By | Category: David Blair, Trader Development
*****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 “My Aunt lived to be 100 smoking 2 packs of cigarettes a day since she was 18; therefore, smoking is not bad for you.”  “I have a friend who does not believe in wearing seat belts. He has been in two accidents and walked away with but a few scratches and bruises; therefore, his belief has been validated not once but twice.”  These statements sound really stupid do they not?  Read more [...]


Enhancing Trader Performance: Why Use Technical Analysis?

Jun 15th, 2014 | By | Category: David Blair, Trader Development
*****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 If you use some form of technical analysis (as I am assuming you do if you are reading this post via SMB) it is important that you establish your intent for doing so.  In other words, if you intend to use technical analysis as a predictive tool you will most likely be disappointed in its ability to consistently forecast future price action and you will most likely be considered Read more [...]


Trading Education: Do You Have A Methodology To Trade Gaps?

Jun 15th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson, Trading Theory
On June 4th we posted a pre-market video in which I discussed a potential "gap fill" trade in TIBX. When a stock gaps outside of the prior day's range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it.  I have found over the years that most traders consistently choose the same option each time disregarding many factors that favor choosing one option over another. Why is this the case? For many it is a lack of methodology for trading gaps. For others it may be they are just more comfortable fading stocks versus following Read more [...]