Can Negative P&L be a Good Thing?

April 10th, 2014 In this video presentation, Seth Freudberg, SMBU’s Director of Options Training, explains how negative P&L in an options trade can surprisingly be a good thing. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: sfreudberg@smbcap.com. Risk Disclosure No relevant positions Options Learn options Read more [...]

SMB U Trading Lesson of the Day: How to Gain Trading Confidence

April 9th, 2014 Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about a SMB Trading Lesson of the Day on how to gain trading confidence. A trader from the SMB trading community reached out to Bella seeking advice for ways he could extinguish his trading fears. As a new trader Nicolas wasn't able to actualize his trading ideas into P&L because of his fear of  losing money. Enjoy this trading lesson! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]

Traders Ask: How Do I Improve My Trading Confidence?

April 9th, 2014 We received this question from an SMBU reader: Hello Mike, I'm honored to write to you. My name is Nicolas, I live in Kiev (Ukraine). I've already read your book "One Good Trade". I'm a trader with 8 month of experience and I have some difficulties with it. I would be very grateful if you could help me. I have fear in my trading. I can’t actualize my trading ideas because I'm afraid of losing money. That’s why I’ve already missed a lot of “One Good Trades”. Could you give me some advise on how I can improve confidence in myself and get rid of my trading fears. I’m working hard (min 10 hours per day), I’m trying Read more [...]

SMB AM Meeting Recap: $STZ

April 9th, 2014 In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $STZ. 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ACAD, CLDX, CROX, GM, LQDT, MSFT, NFLX, P, SPY and short PFE. Learn the skills necessary to identify and manage Read more [...]

Why do Proven Trade Ideas Suddenly Stop Working?

April 8th, 2014 The most frustrating time in your career is losing money on proven set ups. It’s not you, it’s Me New traders grind out losing trade after losing trade because they want to be disciplined but they simply don’t have the experience to realize it’s actually the market and not the strategy. When is a consolidation a continuation pattern and when is it a change of trend? How do you know when taking quick momentum type profits is the right play versus holding a swing trade? How to Adapt and Profit When the Market Changes You can’t get on the same road a week from now and drive the same. The traffic is different. Last Read more [...]

PlayBook Checkup: Opening Drive – Consolidation Above VWAP $K

April 8th, 2014 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. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a Junior Trader talks about a trade he made in $K. We hope you enjoy this PlayBook video. (You can also get access to all the PlayBook Checkups here.) You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]

SMB AM Meeting Recap: $GIMO

April 8th, 2014 In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $GIMO. 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ACAD, ADBE, AMZN, CIEN, CLDX, CROX, FB, FEYE, GM, IWM, LQDT, LULU, P. Learn the skills necessary to identify and Read more [...]

Enhancing Trader Performance Via Habit Development

April 7th, 2014 *****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 stock traders a habit is nothing more than taking a well defined trading edge- let’s call it a process- and following that process until it becomes almost involuntary.  The process can then enable the trader to enter and exit trades with as little emotional turmoil as possible.  The trader thus becomes a machine if you will.  The following is a collection of articles focused Read more [...]