Posts Tagged ‘ prop trading ’

A Macro Trade That Is Working

Aug 18th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
Rarely if ever do I develop a trading thesis that involves macro analysis and a time horizon greater than a few months. But through conversations with pro traders with experience in the energy sector and reading a few excellent analyses on the oil sector I came to view oil as a great risk/reward long trade from the high $30s up to $60/bl. This video updates my current thoughts. I will continue to tweet updates and create new videos as the trade progresses through the rest of 2016. Enjoy!   Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, Read more [...]

A West Coast Story on Journaling

Aug 8th, 2016 | By | Category: General Comments
Hi Mike--I listened to your video regarding the trader that was having issues journaling. I solved that same issue by typing onto the chart itself – – the reasons why I bought and sold at the exact point of entry and exit. As you know, Tradestation can pinpoint the exact point of entry and exit if you turn on that function.It's so much easier to learn from the visual texting notes on the chart, as opposed to going from the journal back to the chart and back to the journal again. And-- you don't lose "the flow" because your eyes are always on the chart! Let me know if that helps him. Best to you... Amy 🙂 @MikeBellafiore I Read more [...]

Taking that next step forward in your trading with sizing

Aug 6th, 2016 | By | Category: General Comments
I sit in a unique seat in the trading community.  For the past decade, I have trained traders from new to consistently profitable or failed trader.  As the author of two trading books, gratefully many reach out to me sharing their trading challenges and triumphs with the why and how.  What I do in my writing is share my observations from working with and exchanges with these new and developing and high performing traders to our trading community. Another one of our firm traders had a break through last month! He walked across that line from doubting developing trader to professional trader.  He is going to make it. Read more [...]

A trading journal that works for you

Aug 3rd, 2016 | By | Category: General Comments
I trade intraday futures by reading the tape and looking at historically significant price action levels. I start to really get a feel for the process, but I still trade only one future until the process is internalized. To be able to assess myself I keep a detailed journal where I fill in trade information (entry, exit etc.) and trading information (what did I do well and why; what could I do better and how). My problem is the journaling itself: When I journal "live" I lose focus on the price action and feel that I miss important information; when I journal after market hours it is really easy to forget the actual feelings as 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 [...]

SMB Capital and Kershner Trading Group Announce Joint Venture

Apr 24th, 2013 | By | Category: General Comments
April 24, 2013, NEW YORK, NY—SMB Capital, a leading proprietary trading desk based in Manhattan, and Kershner Trading Group (Austin, Texas and now New York City), have teamed up to create a joint venture for a new trading office in Midtown Manhattan. The JV offers traders a true trading partner, where the firm provides technology with an edge, large trading accounts, and low execution costs to those with a solid track record, and assumes all trading risk. Traders will have a technology edge in the proprietary trading space whereby traders can become more bionic and build automated strategies. The firm owns and develops a suite Read more [...]

[Recording] The Playbook: The Future of Prop Trading

Mar 22nd, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs, SMB on TV, SMB Video Blogs
If you missed this Webinar with Mike Bellafiore, author of the “trading classic” One Good Trade, on "The Future of Prop Trading: Introducing the Multi-Product, Multi-Market Discretionary Quant Trader", you can watch the recording now. *No Relevant Positions Read more [...]

Finding the Right Trading Product and Style

Dec 4th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use that as evidence of best type of trader For You.  I have done this and actually learned some interesting things about myself.  For example I have the type of personality that likes to sort out the answers to problems myself.  This was very helpful for me to learn as a trader and coach. Read more [...]