Hey Mike, How are you doing? How is the progress of your new book (‘One good playbook?’)? Haha. I am looking forward to read it already. I am currently ‘live’ for about a month now, and my results are inconsistent thus far. I have some questions for you. I realised i have a problem when doing a trend play, and i … Read More
STP Vs. ECN
I get this question all the time: What is the difference between straight through processing (STP) and an ECN broker? Big difference. Straight Through Processing from what I understand is just a name given to dealing desk brokers that have automated the dealing process. Traditionally in the spot forex market, when you place a trade, you are being filled by … Read More
Are You A Conventional Trader?
As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within … Read More
Spencer Trade Review–$PAY
Steve Spencer reviews trading opportunities in PAY from the first week of October 2012. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
The Stock Market Does Not Exist To Serve The Long Term Investor
I appreciate being invited on to Bloomberg TV Monday to share my thoughts on market regulation and HFT trading. This issue has received a lot of press recently in part thanks to Mark Cuban who has used his notoriety to bring attention to an important issue. I applaud him for using his platform for bringing this issue into focus, first … Read More
Proper position sizing for your trading
Bella, I want to start off by thanking you for all of the material you present through your blog and your book. I look forward to your next book, I already have it pre-ordered on Amazon. I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago. I started … Read More
Guest Post: My Best Trade In 10 Years
Today I had my best trading day in 10 years of trading. It was today’s One Good Trade. During that 10 year period I have read over 100 trading books, attended at least two dozen live trading seminars and read a gazillion online posts from trading “experts”. Despite all of that self-education I never took the plunge to subscribe to … Read More
Our Forex Trades
Look over the shoulder of trader Andres Salazar, as he walks us through trades taken live on SMB’s Forex desk. In this new video, Andres displays his charts and thoughts behind these trades, which all come back to the basics that SMB teaches. Waiting for the pattern, looking at correlations, then watching the volume to finally justify our entry. Andres … Read More