Posts Tagged ‘ trading education ’

April 21, 2014 Locke In Your Success Weekly Market and Position Update

Apr 23rd, 2014 | By | Category: General Comments, Guest Blog, John Locke, Options Education, SMB Options, Systems Development, Systems Trading, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
No relevant positions Risk disclaimer M21 purchase link John Locke Be sure to visit our trading blog! And check out these great videos! May Group Mentoring Open House Part 1 May Group Mentoring Open House Part 2 Learn Read more [...]

What statement are you making with your trading?

Apr 21st, 2014 | By | Category: General Comments, Guest Blog, John Locke, Options Education, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
I talk to traders all over the world and it surprises me how many “high probability” or “market neutral” traders don’t realize that they are making a statement with their position. By making a statement I mean whenever you enter a position, you are defining the conditions under which you will win and which you will lose. For example, when a trader buys a stock he’s saying that if the market moves up he is going to make money and if the market goes down he is going to lose money. He’s essentially betting on the market going up and he understands that if the market comes down then he’s going to lose money. That’s Read more [...]

The Stock of the Day: $BIOF

Mar 31st, 2014 | By | Category: General Comments
In this short video Steve discusses $BIOF, a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in-play and likely to have second-day moves. Turns out $BIOF was a huge mover off the $4.00 level Steve had mentioned in this morning's AM Meeting. You can get more calls like this on a daily basis by tuning into the meeting. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: Steven Spencer Read more [...]

The Blowup: Game, Set, Match!

Mar 17th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development
Recently, I have been thinking a lot about the "blowup". In trading it is the term used to describe a catastrophic loss suffered by a trader or a firm. The blowup generally lurks in a remote corner of my consciousness, ready to be pulled to the forefront at a moment's notice in service of proper risk management. Perhaps this past week, which marked my 18th anniversary in the market as a professional trader, has caused me to be more reflective on my own longevity and to think back on a few of the "near misses" that could have cut my career short. So I will offer some stories, two old and one new, as I think they provide some food Read more [...]

What Comes Next for the Profitable Trader?

Mar 8th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Traders Ask
Hello again, Mike. I have a couple questions for you. First question: How do I overcome psyching myself out of the layups? I'm working to overcome an interesting challenge. I'm faking myself out of trades, or not taking them because they seem too obvious. It's right on the boundary between a) trading my plan and taking my signals and b) predicting. My inclination is to just take the signals with the correct risk. Just because it's obvious doesn't mean it won't work. I will be very careful however to not fall into thinking that's I've all of a sudden "mastered" anything. I think it's just indicative that the road map that Read more [...]

Losses are Part of the Game: How to Minimize

Mar 7th, 2014 | By | Category: Marc Principato, SMB Forex
Trading losses are part of the game, the trick is minimizing them and managing risk. Marc Principato, CMT, walks through a swing trade loss and how he managed the risk exiting the trade. Subscribe: Help me write my book: Training Info: My analysis on Twitter: Webinar and Trade Review Archive: -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions Read more [...]

A Trader’s Trading Path From A-Z

Feb 24th, 2014 | By | Category: General Comments
This Thursday I will speak to aspiring traders at Pace University. As I prepare for my discussion, I have been thinking of a Trader's Trading Path From A-Z. A. Read about the markets when you are young. If you enjoy reading about markets, then read more. B. Start playing with putting together trades in simulation. C. If you find some success in simulation, then open up a small trading account. D. Start training: improve your trading game in high school and certainly by college. E. Build a trading foundation: so you have the skill to make fundamentally sound trading decisions. F. Build Your PlayBook of the Read more [...]

Greed Is Good? How to Handle It

Feb 12th, 2014 | By | Category: Marc Principato, SMB Forex
One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is good”. Since greed and its first cousin fear still drive markets, it does serve a purpose in terms of creating opportunities for those who understand its nature. When it comes to short-term speculation on the other hand, it can be very counterproductive to your performance. How many of you can relate to the following situation? You enter a trade based on your plan. Everything has lined up. It is an intraday Read more [...]