Posts Tagged ‘ day trading ’

It’s never just patience

Dec 3rd, 2016 | By | Category: General Comments
Often I hear traders decry their lack of patience.  If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, "I JUST need to wait for my levels."  Again the idea is if trader just waits for his levels he will start winning.  This in itself is not sufficient.  Trader must also add trades that work for him off of levels.  Internally we encourage traders to judge every level on a scale of 1-10.  Trader must define the levels worth trading off of.  Trader must develop their system that works best with their talents Read more [...]

Today’s Top 2 Trade Setups–AMZN & TEVA

Jul 27th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This morning we were setting up for a very busy day. In addition to the market continuing its slide from last week -- there were a multitude of In Play names and Second Day Plays from Friday. Our #1 'In Play' idea was related to TEVA which had agreed to purchase, in a mostly cash deal, the generics business of AGN. The deal is projected to be highly accretive to TEVA's earnings the next few years. Due to the deal's structure, there is no risk/arbitrage pressure on TEVA's stock. For these two reasons our focus was long. Written notes from meeting: The following price action:   At market close, TEVA made Read more [...]

New Insights For Swing Traders

Jul 24th, 2015 | By | Category: Trading Ideas
SMB is often thought of as primarily a day trading firm. However, over the years we have expanded our playbook to include a diversified set of strategies and tactics. Some of these strategies include options, order imbalances, statistical arbitrage, automated trading, and position trading. The SMB Virtual Trader Floor is an exclusive and proprietary platform for traders to interact with us and see what we are doing live. This week we released a new feature which will be a benefit to many of the swing traders that follow SMB. Many of the top traders and SMB have the ability to place trades in accounts that are designated Read more [...]

How to Buy a Stock that Already Went Up 20% in 4 Days

Jul 15th, 2015 | By | Category: Trading Ideas, Trading Lesson
Early today we posted the awesome setup in AMBA. Here's another trade that Steve Spencer talked about before the market opened. ACAD has been a high flyer lately. Many developing traders run into a psychological barrier when it comes to long ideas on stocks that have already risen 20% in a few days. Here was Steve's take pre-market End result... ACAD trades down to the identified support level, bounces, and runs up another 8%. Just like AMBA this morning... all this happened while the SPY was trading in a 36 cent range. Our firm is on the hunt for the best opportunities in the market and we openly share these Read more [...]

Live Example of How to Find the Best Trading Opportunities Each Day

Jul 15th, 2015 | By | Category: Trading Ideas
Each day our firm broadcasts an AM meeting to cover the best opportunities that we see in the market. This meeting occurs in the minutes prior to the opening bell. What you don't see in this meeting are the countless hours of preparation from earlier that morning and the night before. The traders at our firm work tirelessly each day to compile ideas before the market opens. These ideas are shared and discussed in house before Steve sits down to broadcast. The countless hours of work by our top traders are boiled down and analyzed live so that our subscribers can be ready for the trading day. In this video, you can see Read more [...]

What it Takes to Go Live at Our Firm

Jun 29th, 2015 | By | Category: Trading Ideas
SMB receives approximately 5,000 applications each year to trade for the firm. As you can imagine, it's nearly a full time job to sort through 400+ new applications each month. Of the thousands that apply each year, the net acquisition of new traders that go live with the firm is less than 50. That's right... Less than 1% of applicants make it on our desk. The overwhelming demand to be a part of our desk is a direct reflection on the environment and culture we have developed. This is a culture developed around having a growth mindset. We believe that sharing ideas and reviewing our trades as a team helps everyone get Read more [...]

SMB College Tour

Jun 1st, 2015 | By | Category: Mike Bellafiore's (Bella's) Blogs
As I write I'm heading back on Amtrak to NYC, completing our fall recruiting trips. I've been pretty sick the past week and I'm sure that those around me are hoping I get off at the next stop. Sorry, I am not. It's another two hours with me. Just took another swig of NyQuil, so that should help. On my last trip down to DC via train the doors were held for a few minutes before we exited. Before that I noticed that many had their bags searched before they boarded. And I found it unusual that dogs kept walking down the aisles during our trip. And now we couldn't exit? And then out the window I saw a very familiar, distinguished, and Read more [...]

Free Seven Part Series on Systems Trading

May 21st, 2015 | By | Category: Systems Trading
Technology has democratized the markets by making critical information available to anyone with an internet connection. There is so much information available at our finger tips now that one of the biggest challenges a trader has is to sort through the noise and find what matters most right NOW. You need to have a systematic way find your edge, filter for opportunities to implement your edge, manage more trades... and still spend time developing new edges. Even in the arena of "systems", there are so many systems being promoted that you can become overwhelmed just learning what they are all about. That is why we created Read more [...]