The gift of learning during a trading session

In Dr. Steenbarger’s terrific post he reminds us that each trading session is a gift to learn.  He wrote, “Every day of trading provides a day’s worth of review and learning.” I shared a lesson I learned while trading $MTCH today in this video review.  This was a lesson learned after a trading loss after a high conviction trade.  Arrogant trades … Read More

Rules for high conviction trades

During a daily review a developing trader tackled his system for re-entry with high conviction trades. In his words on his high conviction IBB breakout trade, expressed with LABD: (LABD) Was one of my larger picture ideas for the day. Was using this 3X leverage ETF to play the IBB breakout. IBB looked positioned for a breakout on the daily … Read More

7 ideas for improving your trading consistency

I was recently a guest lecturer at Stony Brook University sharing my knowledge of trading and trader development with interested students.  At the end of my lecture, a student approached and asked, “How can I improve my trading consistency?” We have polled our trading community for the top trading issues they would like to solve, and trading consistency consistently makes … Read More

Managing your swing positions/trades better

  Hi Mike, I met you last 2 weeks at Singapore Invest Fair.  I am deeply impressed with your presentation and your New York traders trading ways. Personally, I am a prop house day scalp traders for Malaysia stock market for 8 years.my performance for the scalp trading is quite consistent and keep on growing. I have a matter need … Read More

Trading A Momentum Reversal–TSLA

This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn’t an easy or simple trade by any stretch. My thoughts on one way to make this trade easier… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More

Things We See At Market Bottoms

What sort of things should we look for at market bottoms? There is a lot of discussion on things we need to see or not see for a market to put in a bottom. I offer thoughts on a few of these in this video. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education … Read More

Thoughts On Trading Tired

It has been a grueling two weeks. Peak earnings season. Peak bear market. Here are some thoughts on things you can do if felling run down…           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 19 years. His … Read More