My Thought Process: $LIFE

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs1 Comment

It isn’t my regular practice to “Live Tweet” when I’m involved in actively managing a position. By nature I am not a good “multi-tasker” (don’t get my girlfriend started on that topic 🙂 ). But LIFE was so In Play today that I wanted to share some of my thoughts and actions right as the market opened for trading. So … Read More

Forex Road Map

mprincipatoGeneral CommentsLeave a Comment

Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? — Marc Principato, CMT Risk Disclaimer *No Relevant Positions

Is He a “Real Trader”?

BellaMike Bellafiore's (Bella's) Blogs1 Comment

I come from a prop firm that’s heavily composed of traders that scalp for a penny profit on list of selective stocks that meet the necessary criteria.  Yesterday, our firm has been banned for a week on using the routes on these selective stocks that are necessary to implement the penny scalping strategy from our provider due to selective traders … Read More

Why I got long FDO

BellaGeneral CommentsLeave a Comment

FDO gapped down and then made a sharp downmove on the open.  I caught some of the downmove with a Momentum Trade.  But then the momentum short was over and I had a decision.  Do I look to trade $FDO for a bounce or for a continuation move?  I chose the former and will explain w1hy. The market has been … Read More

The Forex Road Map

mprincipatoGeneral CommentsLeave a Comment

When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More

The Chicken or the Egg?

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Hi Mike,  First of all, I want to thank you for being such a great mentor. I’ve learned so much by reading SMB Capital blogs. I’m currently working a full time job as a Mechanical engineer and have taken trading four years ago, fascinated by this machine we call Mr Market. Obviously due to my day time job, I consider … Read More

What Does “Results Oriented” Mean To You?

mprincipatoGeneral Comments1 Comment

In the forex world, there are many educators. Some are very well known, well funded, offer nice presentations and charge a lot of money for training. Then there are the lesser known, maybe less produced traders who offer their wisdom, tools and techniques for much lower prices. Then of course like in any other business you have outright marketers who … Read More