Can You Keep it Down Please? I am Trading

July 25th, 2014   Hi Mr. Bellafiore, Terrific book, thank you for writing it. I have the audio version. I ordered it two minutes after I read a comment from one person saying that he had listened to it six times. Due to my tape / chart reading ability combined with having read Reminiscences of a Stock Operator six times (and other books less so) I was very recently able to achieve a (solid) returns in 60 days through day and swing trading. It was done without leverage or options, and primarily in swing trading stocks under $3.00 which had fallen 80-90%. I bought the positions at their support levels shortly before their going into Read more [...]

Bella Interview on Blog Talk Radio

July 25th, 2014 Listen to this trading interview with Bella on Blog Talk Radio hosted by Aleksander Danilov of Solutionsology.com by clicking this link here. Bella discusses: 1) Why he wrote The PlayBook 2) Process: How The PlayBook and the SMBU Performance Center powered by Tradervue helps traders develop a process where they can build from their strengths. 3) Following like-mind traders on StockTwits (@annemarietrades, @alphatrends, @steenbab, @harmongreg for example). 4) The JV with the Kershner Trading Group and the business model: Back experienced traders and take all down-side risk Provide significant downside Offer Read more [...]

Finding and Increasing your Trading Edge

July 25th, 2014 One trader on our desk offers a best practice to emulate. This trader had been gross negative 3/4 past months prior to June.  He is a hard worker, focused on the markets, disciplined and well-trained.  He is one of the guys who can make it. Yet, while I wouldn't say it was a large deal that he was not yet positive consistently given his youth to trading others in his class are already consistently profitable.  He could do better. Prior to the start of June, I chatted with him in my office about his edge.  He brought everything else needed to be a CPT. Bella: Where do you have edge? He responded in specificity. Bella: Read more [...]

Training for Trading Success

July 25th, 2014 Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn’t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can’t help but admire their skills. It truly is a work of art. And it makes me wonder, “How many hours, days, years or even decades of practice and performances did it take to be able to perform at that level?” How many times have they tried to master their skills and failed before they finally got it right?” And more importantly Read more [...]

The PlayBook Checkup: Facebook Earnings Trade

July 24th, 2014 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 [...]

Two Lessons from an Improving Trader

July 24th, 2014 Hi Mike, I just wanted to take the time to say thank you. A friend of mine recommended your book 'One Good Trade' (so much so he had ordered it for me insisting I read it) and it has not only helped my trading in so many ways, but has also been very inspirational! If you don't mind, a little background about myself. I'm 22 and from the UK, having graduated from university with a degree in Architecture and after having pursued that career path for a little while, I decided it wasn't quite right for me, I'd always had an interest in the financial markets and figured I still had the time and resources to give it my best. I got Read more [...]

Trading Lesson: Failed Gaps Can Lead To Large Down Moves– $BRCM

July 23rd, 2014 In this morning's AM Meeting I discussed a possible short setup in BRCM. I was very skeptical of the gap above $40 as this stock was trading at $30 a couple of months ago and only traded higher when they said they were hiring an investment bank to look at selling off some assets. In my view this was a good setup for "sell the news". It is the opposite of recent trades in SWKS, CMG and BIIB that I have discussed that are "buy the news" situations. As traders we need to evaluate each trade on its merits. If you simply short every gap for no rhyme or reason the market will eliminate you pretty quickly. no relevant positions Read more [...]

This Options Trader is Succeeding

July 23rd, 2014 I try to offer examples of best practices from succeeding traders and share them with the trading community. It is my hopesuccess.1 developing traders will co-opt some of these best practices and improve their trading. I have another one to share- this one from our options trading desk. One of the options traders on our desk just had his best month and I wrote him a congratulatory e-mail. This trader was taught from scratch by Seth Freudberg, Director of SMB Options, earned his respect from his hard work while training with Seth, and then was invited to trade on our Options Desk. Options traders are fully-backed by the firm- Read more [...]
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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

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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5. No relevant positions

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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