Posts Tagged ‘ CHK ’

The Day Doesn’t End Until 4

Jul 23rd, 2008 | By | Category: General Comments
One of my favorite phrases on our prop desk at SMB Capital is: the day doesn't end until 4. If you start negative then you have the rest of the day to make it back and then some. In this market there is so much opportunity it is a waste of energy and irresponsible to get down after a few losing trades on the Open. There is too much money to be made. Just think about yesterday. You could have been firmly negative and then caught the explosion in the financials and the XLF (chart attached below). These days offer you the opportunity to mess up the Open and then still have a great day. This AM I was promptly down $1500 Read more [...]


Are You Making Money?

Jul 9th, 2008 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
We teach our day trading desk, SMB Capital, in New York City to check to see which stocks they are making money in.  I supposed a new prop trader reading this might say, "How could I not know that? Or that seems like a complete waste of time."  You would be surprised.  The human mind is a funny thing.  It does not always process information accurately about one's experiences.  And often your perception is different than reality, especially with your trading results.  For example, you may remember the last rip you took in a VLO and overvalue that trade (re-balancing recently-ripper).  You may conclude that VLO is a 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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