Posts Tagged ‘ trader education ’

Trend Follower or Counter Trend? Not So Straightforward

Mar 5th, 2014 | By | Category: Marc Principato, SMB Forex
What makes prices in a financial market system fluctuate the way they do is traders entering and exiting the market for an infinite number of reasons. Some may be getting stopped out while others may be adding to a position. We can never know for sure the reasons why they may be acting a particular way at a specific period in time. All traders at some point in their learning curve discover a way to observe the market that allows for more objective decision making. One of the most common concepts traders adapt is trading with the trend. The concept makes sense, but keep in mind every trading strategy has strengths and weaknesses. Read more [...]


Order Flow for Validation

Feb 21st, 2014 | By | Category: Marc Principato, SMB Forex
Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions Read more [...]


Losing Trades are Good for You?

Feb 19th, 2014 | By | Category: Marc Principato, SMB Forex
One of the most overlooked opportunities in the speculative world of trading is the valuable information hidden within trading losses. Less experienced traders usually have a hate/hate relationship with losing trades and don’t want to spend much time thinking about them. We are conditioned to be winners! Losing trades are part of doing business, a necessary expense or as many like to call it “tuition”. No matter how experienced you are, you should value losing trades as much as winning trades if not more. Why? They can help you focus on the subtle information available at the time they may have helped you to avoid the loss. Read more [...]


Paper Trading: Does it Help or Hurt?

Jan 15th, 2014 | By | Category: Marc Principato, SMB Forex
When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade. There are the opponents and this group usually includes brokers (I wonder why). Their argument goes something like this: Paper trading is something you want to do for maybe a week or so in order to get used to your trading platform. After that, you want to start trading for real because in order to learn how to trade, you need to have skin in the game. Otherwise you are wasting your time. Just think every time you make a good paper trade, that could have been real money! This argument has some Read more [...]


The PlayBook Checkup: $P 2nd Day Opening Drive and Pullback (Power Point Edition)

Jan 14th, 2014 | By | Category: General Comments
Below is our fourth installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these educational sessions a trade archived by a new trader from our desk will be reviewed by Bella... usually. For this learning event we did something different! A trader from the SMBU Trading Community, but not our desk, presented a trade virtually. Trader James C is a recent graduate of SMB DNA 2013. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See the PowerPoint version of $P 2nd Day Opening Drive and Pullback below: You can be better Read more [...]


Trash to Treasure Swing Trade ($PLUG)

Jan 10th, 2014 | By | Category: General Comments
Below is our second installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. Watch this review of Trash to Treasure Swing Trade ($PLUG). Trader education highlights: 1. Under $5 stocks can be forgotten 2. Under $5 stocks can become oversold and inefficiently priced because of market disinterest 3. Technical levels based on when a stock was weak psychologically will most likely Read more [...]


Looking For An Oversold Bounce– $YRCW

Aug 10th, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays
YRCW reported disappointing earnings on Wednesday and gapped lower. It moved very well off of the previous S/R levels 22 & 25 (see chart below). On Friday it traded below 22 as selling began to pick up again and it closed at 18 which corresponds with its pivot low from May & June. The large surge in volume as it approached 18 caught my attention and I opened a long position (chart to right). When it bounced to 18.75 I sold 25% of my position to cover some risk. I would be more committed to this position if it can hold above 19. I asked my friend Kora Reddy from @paststat to run a statistical analysis on the likely Read more [...]


The Round Tripper

Jul 31st, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
It is not every day that you are able to catch a trend in both directions in a stock. FB has been a short term trader's delight for the past five trading days. Media coverage hit a fever pitch today with FB tagging its otherwise meaningless "IPO price" of $38. The fact that it has been moving higher since last Thursday without a decent pull back and the roar from the broadcast financial media had me on high alert for a possible reversal. Technically it setup well on the Open as it strongly rejected the 38 level after trading above. I initiated a short. I was stopped out twice when it spiked above 38 two more times. As they say Read more [...]