Trader Development

The $GPRO Short and Why the Market Doesn’t Care

Sep 29th, 2014 | By | Category: Trader Development, Trading Lesson, Trading Theory
*****This is a guest blog submission from Jordan Caroleo - @Jordar411***** — Editor’s Note Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike. One thing that I've heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those traders "why is this a good idea? What is your reasoning?" On Thursday (9/25), I got a response that a traders thesis was "on basis of super extension, possible blow-off top this morning and today being day 3 of big ramp." I also had responses regarding the short Read more [...]


Enhancing Trader Performance: Instant Gratification Vs Delayed Satisfaction

Sep 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 Let’s face it, we feel better about ourselves when we see positive results from our actions.  We most often want to experience the pleasure associated with positive results sooner than later, oftentimes settling for less than the most favorable results.  Instant gratification is often used to label pleasures gained by impulsive behaviors: we want it now, not tomorrow.  Walter Read more [...]


Enhancing Trader Performance: It Is All How You Frame It

Sep 7th, 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 Whether we believe it or not we tend to choose different options for the same problem depending on the way the problem is presented and whether or not the problem is presented as a loss (negative) or a gain (positive).  This is known as framing and is just one of many cognitive biases we face in our day to day decision making.  As an example, let’s suppose a physician informed Read more [...]


The First Trade We Teach (An Example with $DSW)

Aug 28th, 2014 | By | Category: Ask Bella, Technical Plays, Trader Development
Good afternoon. I hope this email finds you well. I have spent many hours over the past few weeks reviewing your YouTube videos, blog posts and anything else that I can get my hands on that offers a glimpse into how your trading desk makes money. I'm about 2/3 of the way through your book One Good Trade I have been trading on a demo for the past few days and today everything I have read lined up on a particular stock and I wanted to share it with you. I was doing my morning routine of checking In Play stocks, reviewing the news and checking important levels. One stock in particular jumped out at me and the reason was because it Read more [...]


Enhancing Trader Performance: Letting Go

Aug 26th, 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 I was introduced to trading by a good friend of mine years ago.  Although Johnny has since passed on, having lost his hard fought battle with cancer, I am and always will be grateful that he introduced me to the trading game.  As with most of our experiences with others I learned much from my friend about what was important but I also learned quite a lot about what was not.  Read more [...]


Enhancing Trader Performance: The Fear of Regret

Aug 11th, 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 Ah we have all faced it as traders…the fear of regret.  It comes in many forms and a few examples will remind us of just how often it occurs.  Let’s say the trader is reviewing two possible stock trades.  Both stock A and stock B have a similar set up.  The trader chooses stock A.  Stock A goes nowhere.  In fact, Stock A declines and hits his loss target.  Stock B, on the Read more [...]


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 [...]


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2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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