Trader Development

See the hypos!

Jan 24th, 2017 | By | Category: Futures, General Comments, Intraday Levels, market structure, Trader Development
I'm grinning from ear to ear today. One of my mentees was tasked yesterday to begin preparing premarket "hypos" each morning. It's just what it sounds like - a few hypotheses for how the day might unfold, therefore providing a roadmap for the day with key inflection points and potential targets. Here's a screenshot of his premarket journal post in our SMBU Performance Center tool, alongside a market profile graphic of the resulting movement today in crude oil futures: Hypo 2 absolutely nailed it! Well done! Creating hypos each morning as a part of your premarket does so much for you: Helps develop great process Read more [...]

A Trader’s Definition of Hell

Jan 11th, 2017 | By | Category: Futures, General Comments, SMB Fundamentals, Trader Development, Trading Lesson, Trading Psychology
What would a trader's definition of hell be? I say it's the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn't it? I have two ways of avoiding "trader hell" that I'll share with you. Focus on process. I can guarantee you that if you spend your days toiling in the need to be right, make money, "win", or get revenge - you will end up in trader hell. What separates many elite performers, in nearly all elite-performance fields, is a strong commitment to process. It's not about the scoreboard, it's not about what happened on your last trade, it's Read more [...]

Why Smart and Successful People Fail at Trading

Dec 18th, 2015 | By | Category: Trader Development
SMB trains traders from all around the world. And we’ve discovered something interesting. We’ve learned that there is a very low correlation between past success and success at trading. Ivy League graduates and successful entrepreneurs alike often struggle with their trading despite past successes. A common misconception among these intelligent traders is that they believe they will succeed at trading the same way they succeeded at everything else. With willpower. Students are taught to get every answer right. And entrepreneurs are taught to never give up. These are valuable ideas in school and business. But when Read more [...]

[Free Webinar] 16 Ideas to Enhance Your Trading in 2016

Dec 7th, 2015 | By | Category: Trader Development
Learn 16 lessons on how and why our professional traders have succeeded. Get actionable ideas you can implement tomorrow with your trading. Discover how to transform into a consistently profitable trader. All this from the managing partner of SMB Capital and author of the trading classics One Good Trade and The PlayBook. Click here to learn more and register now. Read more [...]

Help Us Develop SMBU Premium 2016 For You

Nov 5th, 2015 | By | Category: Trader Development
2015 was the first year for SMBU Premium and it was great. Traders around the world learned lessons that were presented systematically while using examples from the current market throughout the year. The scheduled progression of topics was a great way for traders to learn layer by layer. This gave our students a chance to incrementally implement each lesson into their trading. We were also able to use current examples from our trade desk to teach each lesson; and that was a powerful way of showing how we find ways to implement our processes no matter what is going on. The feedback from SMBU Premium 2015 was so great that Read more [...]

New Visualization Exercises To Boost Your Investing and Trading

Nov 1st, 2015 | By | Category: Bruce Bower, General Comments, Trader Development, Trading Psychology
  Visualization and mental practice are tools that can take you to the next level of performance in your trading and investing. These tools can have a transformational impact on your mental game, helping you to execute better in every facet of your investing and trading. In fact, they are so important that I have compiled a resource page on the SMB website and even written about them extensively in my book, Peak Performance Trading and Investing. I use these tools frequently and am the biggest proponent of them. Now, I wanted to share with you some new visualization tools that I have been developing and refining. These Read more [...]

Inside The Trading Vault – a look at GPRO and KO

Sep 14th, 2015 | By | Category: General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology
Trading Vault Concept - "When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way - and what it means to them when support and resistance levels are made and broken" Many of us are up and coming traders who have consistent issues with the 'WHY' to enter a trade.  Meaning, we don't have a hard lock on when to get into a trade- probably because we have some kind of deep seated feeling like it is a gambling event.  So we tend to roll dice. Those managing large amounts of money or very large portfolios do not move without proper reasoning- and lots of it.  Not saying that the reasoning Read more [...]

Wall Street Firm Hires Retail Traders To Trade From Home

Sep 2nd, 2015 | By | Category: Trader Development
Retail traders around the world have always kept an eye on Wall Street. After all, it's the center of the financial world. Most traders can only dream of trading on the floor of the New York Stock Exchange or at a big Wall Street proprietary trading firm. What most retail traders don't understand is that The Street has a new address. Most of the firms that were on or very near Wall Street have moved to other parts of Manhattan. And a few firms, including SMB, are hiring traders from places like Texas, Europe, and Indonesia to trade remotely. "This is a trend that we expect to continue ... and we are structuring our business Read more [...]