Posts Tagged ‘ smb capital ’

Ten Trades That Have Actually Worked

Jan 8th, 2017 | By | Category: Trading Lesson
You know there is a way to generate profits by trading. You know there is some setup, some strategy, some system that you can trade to get on the right side of the market and generate these profits. Unfortunately, most traders never experience that reality. We know this because we've surveyed thousands of traders. But... rest assured... some do make it. And they don't make it by luck. How do we know it's not luck? Because the traders that do make it continue to make it... year ... after year... after year. Wouldn't it be nice if you could see the setup, the strategy, the system that these traders are using to generate big Read more [...]


3 ideas to improve waiting for your trades

Jan 1st, 2017 | By | Category: General Comments
Yesterday I wrote about the #1 trading frustration of top traders on our prop desk. (#1 issue top traders want to fix in 2017 on our prop desk.) Today let's offer 3 ideas to solve this frustration: 1. Journal your progress on waiting for setups.  When are you successful waiting for setups? When are you early to enter and why? Patterns will emerge, when you are tracking this specific goal.  A better understanding from tracked data on this issue will help you improve. For example, many traders are too aggressive trading on Mondays.  They are so hyped up to show the market how they will improve on Monday that they Read more [...]


Solutions to develop a more consistent trading process

Dec 16th, 2016 | By | Category: General Comments
This is part 2 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having. Read more [...]


A trick to trade bigger

Dec 11th, 2016 | By | Category: General Comments
"If you can't sling around 80k shares than why bother?"- Trader Anonymous On the desk this past week one Senior Trader hit 80k shares for a scalp and a few junior guys giggled at seeing a trader take such size. It was a scalp. And it was a scalp in a stock under $2. So let's put the size in perspective. But it does help illustrate an idea, a trick, I have observed has helped successful traders trade bigger. I have seen trading bigger with large size in cheap stocks help traders, who control their risk, trade bigger in all of their positions. I have written in The PlayBook about a better way to trade bigger.  But Read more [...]


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 [...]


Come meet SMB and StockTwits at StockTwits Future Forum

Nov 8th, 2016 | By | Category: General Comments
This month come and join SMB and StockTwits for their newly launched event series, StockTwits Future Forum, sponsored by SMB. The topic of discussion is State of the Markets.  Mostly, SMB will introduce the main players in options, futures, stocks, automated trading from our desk, with whom you can chat trading one-on-one. Seth Freudberg, will be there from SMB Options to discuss income options trading, powered by KTG. Merritt Black, will be there to chat intraday oil futures trading and how our sister company, SMBU, might help you. Hopefully our head quant will be back from his vacation to join us for those interested Read more [...]


Trading bigger is much easier than trading with edge

Oct 20th, 2016 | By | Category: General Comments
Trading bigger is much easier than trading with edge. I am working with a developing trader, nearing 15 months of live trading.  He is starting to trade with edge. I am seeing 3/5 days of trading profitably. I am noticing in his reviews a specificity of setups that he is trading.  He is not trading for stocks to finish higher or lower for the day.  He is trading for a stock to trade lower or higher from a given point with specific variables.  This is the essence of short term trading.  He gets it. I am noticing a nice string of $600-700 days, with an occasional 1kplus day. I am noticing this trader trading Read more [...]


You cannot do this and be a successful trader

Sep 27th, 2016 | By | Category: General Comments
Last Friday as I was walking off our trading floor, a beaming SMBU student yelped at me, "Bella I could hug you after today."  He was very pleased with the progress he had made as a trader. Fast forward to today and that same trader caught me hitting the elevator for my walk home.  I asked him how trading went for him today. He said, "Bella as good as I did last Friday, I did as poorly today.  I just did not have the discipline to enter my trades at the price that I wanted." I am going to write something now, for which you must follow no matter what product or time frame you trade. You cannot become a successful Read more [...]