Posts Tagged ‘ smb capital ’

The danger of the overconfident trader

Feb 12th, 2017 | By | Category: General Comments
Yesterday I wrote about a trader struggling with added size and risk.  In seeking a solution for this trader one possible area of focus was overconfidence.  How does it happen?  Why is it dangerous?  What can we do to combat overconfidence? You trade well.  You are seeing screens well and the market is trading in a way that allows your strengths to produce outsized PnL.  Your firm gives you a bump in size and risk.  Everyone around you sees you slaying the market and comes over with the fist bumps and giggles.  On a prop desk, you get followed around more by traders engaging you in your trading.  You are the BMOD Read more [...]


SMB at The TradersExpo New York 2017

Feb 6th, 2017 | By | Category: General Comments
SMB will present at The TradersExpo New York 2017.  You can sign up to ATTEND FREE. Mike Bellafiore will present February 27: Seth Freudberg, who runs our Options Desk, will present as well. Last year Mike presented and then stuck around to answer questions. We hope to see you at The TradersExpo NYC 2017. *no relevant positions   Read more [...]


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 [...]