CrossHairsTrader wrote this thorough review of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading): When I assess the quality of a book I ask myself four questions: 1. Did the author teach me something I did not already know? 2. Did the author reinforce much of what I already know? 3. Did the author leave … Read More
SMB Morning Rundown – August 4, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Trade of the Week: VPRT
Watch SMB Trade of the Week, a bearish momentum trade in VPRT.
Overthinking Yourself to Underperformance
Before the open BHI was identified as one of our Top Five trading opportunities. Many of our traders focused on BHI on the open. Here’s why: a) BHI had earnings b) BHI gapped down c) BHI was below an important longer term technical level of 46 d) the buyers at 46 lost in the premarket I am sure some traders … Read More
SMB Morning Rundown – August 3, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Bottoming Process
There is a lot of money to be made in a stock that has been beaten down. Generally, after a stock has been destroyed for some fundamental reason it will have some type of longer term bounce where traders can gather information from its price action over the course of several weeks. In the case of RIG it bottomed back … Read More
One Good Trade: The Prequel
“You have to have an idea of what you are going to do, but it should be a vague idea.” Pablo Picasso SMB Capital started as just an idea. “Hey what if we focused on building an elite training program for new traders. The markets are much more complicated than when we began,” pitched a future co-founder. Then two experienced … Read More
SMB Morning Rundown – August 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.