Two Pics As A Post

ANF November 14th 2012   GMCR November 28th 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 Please follow and like us:

Forex Beginner Enemy #1: Random Trades

By marcp | View this Toon at ToonDoo | Create your own Toon As short term forex traders, we are exposed to a great deal of price noise since we usually watch time frames that are 15 minutes or less. We are constantly developing our ability to measure when the probability of achieving our potential return is greater than the … Read More

What I Learned From The Best Trader at Citibank

In my senior year of college, I hit the jackpot. No, I didn’t win the lottery. I did even better– I got the job I wanted in the markets. Let me repeat: *the* job. Note: the lesson is that if I can do it, then anyone can! Ever since I was 14, I knew that I wanted to be a … Read More

A Trading Question from India

Hi Mike,  I am Nikhil from India, i am a trader trading commodities , i am writing to you as you are an experienced trader , i have only few months of experience trading “live” and around 7 years experience of observations, I developed a crush on the markets when i was only 14! Anyways i want to know how … Read More

The November Bearish Butterfly Example – John Locke

November was a great opportunity in which a trader could have deviated from the core guidelines on the bearish butterfly to enter a week early, 63 days before expiration; instead of the normal 56. This is because the market had been in an extended uptrend and on September 14th had a very large move up. The following hypothetical trade was … Read More

Your trading power lunch

Hi Mike, I had read your book and found it really educational as well as being very fun and entertaining to read! Thanks so much for generously sharing your experience, and also for the really great blog as well as all the videos from Steve. I have a question I was wondering if I could get your thoughts on. I … Read More

Forex and Pizzerias?

You have all heard the business analogy used a billion times in the trading world. And in case you haven’t, it goes something like this, “If you want to do well at trading, you must treat it like a business.”. Then they go on to cite some business examples and you pretty much get the rest of the idea. So … Read More

Do not say Practice

I end most emails with: “Keep working on your trading game.”  We teach our traders to do the daily work each day that helps them improve.  They are training to become consistently profitable traders (CPTs).  Their ultimate goal is to become a your best trader (YBT). Apparently I could use better words to motivate my traders. Dan Coyle, author of … Read More