There is little evidence of anyone competing at the highest levels without critical feedback, coaching, and mentoring (coaching is what happens in real-time and mentoring after the close). I received this e-mail yesterday that can teach us about the power of trader coaching and education. Dear Mr. Bellafiore, I wanted to send you a quick email to thank you … Read More
What Do You Wish You Knew When You Started, Your Favorite Book and Setup?
Mr Bellafiore, I want to thank you for taking the time to read this email. I know you likely receive innumerable emails each day and reading and responding to them takes a considerable amount of your time. As a busy trader and a managing partner of your own firm, time is likely your most valuable asset, so the time you … Read More
Trade Review by Steve Spencer: $BIDU
In this video Steve discusses BIDU’s price action from the first week of August and several good risk/reward trading opportunities. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 17 years. His email is [email protected]. He is currently long BIDU.
Looking For An Oversold Bounce– $YRCW
YRCW reported disappointing earnings on Wednesday and gapped lower. It moved very well off of the previous S/R levels 22 & 25 (see chart below). On Friday it traded below 22 as selling began to pick up again and it closed at 18 which corresponds with its pivot low from May & June. The large surge in volume as it … Read More
Study Trading Not Markets ($TSLA)
Some traders/investors make the mistake of studying markets instead of trading. This can negatively affect your trading performance. More specifically, this certainly was the case with the recent down move in battleground stock TSLA, the growth stock. For those of us who have traded professionally for 15plus years it is hard to watch and read the nonsense about TSLA’s valuation. … Read More
Andrew Keene visits SMB
Andrew Keene stopped by our trading office in NYC last week to talk with those in the SMB College Training Program. He was visiting before sitting as a guest on Bloomberg TV. Andrew has been a presenter with Seth Freudberg for the SMB Options Tribe in the past (see the video below). One of our trainees put together his thoughts … Read More
Do Not Fear the Bots
Computer trading has become the largest part of our market’s volume threatening the profitability of many discretionary traders. Many traders/investors fear the bots. We shouldn’t. We should embrace their underlying technology and use it to help us find more of our favorite trading patterns. And even turn quant. Adding support to my thesis above was a recent blog post at … Read More
John Locke Weekly Market and Position Update for August 5, 2013
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