Posts Tagged ‘
trading education ’
Jun 19th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
I would say most newer traders come into the market with all kinds of preconceived notions, biases and misinformation. This comes from ingesting too much financial media and following too many self proclaimed experts. Newer traders lack confidence because of two primary factors: lack of experience and no perspective. Perhaps you need experience to gain perspective, but it is possible in my opinion to learn how to develop a perspective without having years of experience.
Perspective is simply a way to define factors in a market that imply the intentions of the majority of participants relative to numerous time horizons. You can have a intraday perspective which can come from information
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Tags: forex, Forex Training, futures, price level, psychological, SMB, smb capital, trade setup, trader training, trading, trading education Posted in Marc Principato, SMB Forex |
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Jun 17th, 2013 |
By sspencer |
Category: General Comments, Steven Spencer (Steve's) Blogs
Steve-
Thank you for a great presentation on Tesla last week. I subscribed to the blog for a few months now, but your class was my first real exposure to SMB. It is refreshing to come across a professional trader, not just a professional instructor.
I have a couple big picture follow-up questions from the class I hope you will clarify:
You mentioned you take about 40 trades per day roughly. Do you mean 40 distinct trades with multiple entries/exits. Or is it closer to about 5-10 trade setups and multiple entry/exits increase the trade total to 40 or so?
You mentioned that consistency and scalability are two major criteria the firm considers when evaluating traders. What is consistent and
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Tags: day trading, scalability, trading consistency, trading education Posted in General Comments, Steven Spencer (Steve's) Blogs |
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Jun 17th, 2013 |
By mprincipato |
Category: General Comments, Marc Principato, SMB Forex
In this segment, Marc Principato, CMT analyzes the S&P 500 cfd, EUR/USD. GBP/USD and AUD/USD on the larger time frames. Learn to spot emerging opportunities on a weekly basis. Visit: http://bit.ly/smbhome
--
Marc Principato, CMT,
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own schedule
Learn SMB′s Unique Strategy
Trade Confidently in 6 Weeks
Click here for a free trial of our chatroom
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Tags: analysis, forex, Forex Training, futures, SMB, smb capital, trade setup, trader training, trading, trading education, weekly Posted in General Comments, Marc Principato, SMB Forex |
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Jun 16th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Mike,
I'm wondering if you can answer a question that I have given some thought for some time.
Do you find Fibonacci retracement useful? Has it worked for you or SMB in the past (and beyond what could be from simply random chance)?
I can't find any studies with RELIABLE statistical analysis.
Good luck tmrw!
Thanks for your time.
@mikebellafiore
I do not use Fibonacci levels. GMan will (see passage below). Most of the traders on our desk do not. But some use pivots. There is no right answer to using or not using them. Some swear by them others do not use them. We teach all of our traders to consider long-term and intraday technicals with each
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
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Jun 15th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Dear Sir,
It is great what you are doing at SMB. Caught some glimpses of it on Wall Street Warrior and some YouTube videos. Also, I have read your first book. Thank you for opening up your world to wannabe traders like us. It is an awesome treasure.
I do have a question. I have been learning reading the tape for some few weeks now. Nevertheless, I am still puzzled about a few things. However, I think getting an answer to this question will help clear my vision. When you watch the tape, what is (are) the question on your mind? What specifically are you watching out for? Most especially when you see big bids thrown left (on the bid) right (on the offer).
Thank you sir for a kind consideration
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
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Jun 14th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Bella,
I really enjoyed One Good Trade and I'm excited to get my hands on my pre-ordered copy of The Playbook. I've been looking at the markets my whole life (got a solid 20 shares of INTC from Grandma when it was at 10) and began trading at a prop firm right out of college. This was in summer of 2008, and after eight months and multiple rounds of layoffs I and the other remaining three traders decided it was not going to be something we could pursue at that time. From there I went onto a fund where I continued to paper trade and started working on attaining my CMT.
Basically I took the demons that I had and disguised them under the auspice that I needed more education to "show the market
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
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Jun 14th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
In this segment Marc Principato, CMT, examines how to take a momentum trade in the S&P 500 CFD using volume analysis and pattern recognition. To learn more visit: bit.ly.com/smbhome
--
Marc Principato, CMT
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own schedule
Learn SMB′s Unique Strategy
Trade Confidently in 6 Weeks
Click here for a free trial of our chatroom
Read more [...]
Tags: forex, Forex Training, futures, SMB, smb capital, trade setup, trader training, trading, trading education Posted in Marc Principato, SMB Forex |
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Jun 13th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
Let’s face it, we all hate to have losing trades. Whether we realize it or not, losing trades are necessary in order for us to grow as traders. Not being able to take a loss or having a fear of losing will keep you from ever making progress. Most importantly, when you have a trading loss, you have the opportunity to refine your trading ability and reduce anxiety as you continue to trade.
Starting out, many traders will paper trade. This is a great way to get a feel for your methodology and how to manage trades without any emotion getting in the way, but as soon as you put real money on, things change. What is changing is emotion now plays a role in your decision making. Second guessing,
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Tags: forex, Forex Training, futures, price level, psychological, SMB, smb capital, trade setup, trader training, trading, trading education Posted in Marc Principato, SMB Forex |
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Jun 11th, 2013 |
By sspencer |
Category: General Comments, SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays, Trade of the Week, Trading Lesson
The price action in TSLA from the past several trading days does a nice job of demonstrating three distinct types of trades. Not all trades makes sense to all traders. But if you can figure out which of these trades fits your personality best and then build a detailed trading plan on how to attack it next time it occurs you can start to improve your consistency.
Trade 1 (May 23): Consolidation Break Swing Trade
Trade 2 (May 29): Momentum Reversal Trade
Trade 3 (May 29-May 31): The Range Trade
If you missed this presentation yesterday, where Steve went over in more detail the execution of these trades, you can watch it now. The cost of the recording is $19.95, with proceeds going to the
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Tags: day trading, trade review, trading education, trading setups Posted in General Comments, SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays, Trade of the Week, Trading Lesson |
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Jun 10th, 2013 |
By Bella |
Category: General Comments, Mike Bellafiore's (Bella's) Blogs
I sat down at my trading desk at 7:45AM and noticed TSLA was down off of the negative article in Barron's, near a nice technical level at 98, and I bought it. I shared this with the trading community.
As TSLA started to work from this 98 level I added. I shared this with the trading community in real time.
As TSLA approached my target of 102 I scaled out of half of my position. I shared this with the trading community in real time.
Last week TSLA acted very well and showed me strength into Friday's close. The Barron's article provided me with a buying opportunity in a strong stock. When a stock has been strong, buying on a negative news article at an important technical level
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in General Comments, Mike Bellafiore's (Bella's) Blogs |
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