Posts Tagged ‘ smbU ’

Trading lesson learned from a large loss

Dec 9th, 2016 | By | Category: General Comments
I am proud of a trader on our desk. He got stopped out in FNSR.  In a trade that he should not have made.  The trade is too fast for him. (Learn more about trading edge in this video.) He violated his stop loss. He got caught like a deer in headlights as the trade went against him. That is a pretty tough down move for a stock that appeared to have good news before the open. Bella, why are you proud of this trader?  He appeared to do so much wrong. He learned very valuable lessons from this trade, as he specifically communicated to me in a closed-door review. This trade does not fit his personality. 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 [...]

There is another way to a higher PnL

Aug 30th, 2016 | By | Category: General Comments
In this blog post, I will challenge you to find another way to a higher PnL.  We will use a trade review from a conscientious trader to teach  this principle. This is a common mistake of stunted thinking made by developing traders. It is one where human nature leads us against our self-interest. If you can learn to think differently about your potential progress, you just might make some. At the end of each day, one of our promising traders loops me into his trade review.   I look forward to these reviews that hit my inbox right after the close.  Because that is what a consciencious trader does.  Today he wrote: SPU Read more [...]

SMBU Equities Webinar – May 5

May 6th, 2016 | By | Category: Free Daily Trading Video
Watch SMBU Trading Conversations where professional traders discuss what's happening in today's market conditions. Read more [...]

SMBU Premium Webinar Replay

Apr 15th, 2016 | By | Category: General Comments


* no relevant positions

SMBU Trading Conversations – Episode 1

Mar 11th, 2016 | By | Category: Free Daily Trading Video
Merritt Black and Andrew Falde hosted the first ever "SMBU Trading Conversations" web event. Learn about the edges that professional traders focus on, why a high win-rate should be your least important trading goal, and some strategic trading ideas that you have never heard before. Enjoy the replay! * no relevant positions Read more [...]

How to trade bigger

Nov 24th, 2015 | By | Category: Mike Bellafiore's (Bella's) Blogs
In our recent survey we asked you for lesson ideas to include in SMBU Premium 2016. Many of your responses included topics related trading size, trading bigger, and questions like “how do I trade bigger?” Here’s the short answer: Identify your trading strengths Trade your best setups more often and with larger size as I wrote in The PlayBook Trade incrementally bigger Our desk made a huge trade this month in a stock that was overbought.  I messaged a senior trader to congratulate him for his win.  He responded, “That will be a one million dollar trade in a few years.”  Notice how he said “a few years.” Read more [...]

Help Us Develop SMBU Premium 2016 For You

Nov 5th, 2015 | By | Category: Trader Development
2015 was the first year for SMBU Premium and it was great. Traders around the world learned lessons that were presented systematically while using examples from the current market throughout the year. The scheduled progression of topics was a great way for traders to learn layer by layer. This gave our students a chance to incrementally implement each lesson into their trading. We were also able to use current examples from our trade desk to teach each lesson; and that was a powerful way of showing how we find ways to implement our processes no matter what is going on. The feedback from SMBU Premium 2015 was so great that Read more [...]