A statistical edge found by this trader

Hope all is well with you and the SMB team and hope you guys are trading well. Mike, you know since I came up there I had to do a lot of soul searching to really find my trading edge as well as take care of some other pressing business matters. I was running some numbers on my trade performance, … Read More

I just need to eliminate my ehh trades

Last night, I was reading the review of one of our traders, Trader A, who wrote, “I just need to stick to my plays that make me money (ETRM, TWTO, GLYC) and just faze out those ehhh ehh trades, I will become very consistent and very profitable.” To Trader A, I responded, ” When u say get rid of ehh … Read More

I want my business judged on MY trades!

I have been mentoring a futures trader recently.  In a daily review (below), he provided feedback that mentoring encouraging him to focus on his best trades was powerful.   I am working with a developing equities trader, who is very profitable when he focuses on his trade.  He can tell you what it is.  He writes in his reviews that … Read More

From Our Desk to Yours: 5 Key Lessons from Our April Trade Reviews

Register now to attend our next online trading class, Wednesday, May 3, 2017 at 5 PM ET… Managing partner, Mike Bellafiore, will share 5 lessons the firm’s monthly reviews. Each month, firm traders complete a monthly review on how they can improve. The work traders are doing can help inform you on ways you can improve. 〈 REGISTER NOW 〉 Please follow … Read More

5 ways our top traders are working to improve

  I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.  After my presentation, an astute and succeeding retail trader approached and asked, “What do your top traders do to improve?” At SMB, our top traders have been homegrown.  We hired them.  Trained them from scratch.  Provided capital, technology, coaching and … Read More

The danger of the overconfident trader

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 … Read More

SMB at The TradersExpo New York 2017

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   Please follow … Read More

The first test for a new trader

You get hired for June on a trading desk. You take The Foundation, a 6 week course.  You learn everything you didn’t learn in school, the internet, blogs, cable TV (just kidding), your uncle, and/or trading gurus about the markets necessary to place professional trades. Then it’s on to Trader Development where for the next 6 months you experiment with … Read More