I made a trade in MGM today, and instantly self-talked: “Uhm, why I am in this trade?” It was not a trade that I trade well. It is not a trade that fits my personality. It is not a trade that extenuates my strengths. Why? Why? Why? We make progress as traders when we stop making trades that do not … Read More
Two ways to make more in OPHT
I gave a Junior Trader a hard time in our review after the close for not holding a winner longer. In all fairness, I should do the same for my trading. There are two areas where I could have traded OPHT better, consistent with trading that makes sense to me. I like trading stocks like OPHT. They had horrible news … Read More
A trick to trade bigger
“If you can’t sling around 80k shares than why bother?”- Trader Anonymous On the desk this past week one Senior Trader hit 80k shares for a scalp and a few junior guys giggled at seeing a trader take such size. It was a scalp. And it was a scalp in a stock under $2. So let’s put the size in … Read More
Trading lesson learned from a large loss
I am proud of a trader on our desk. He got stopped out in FNSR. In a trade that he should not have made. The trade is too fast for him. (Learn more about trading edge in this video.) He violated his stop loss. He got caught like a deer in headlights as the trade went against him. That is … Read More
It’s never just patience
Often I hear traders decry their lack of patience. If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, “I JUST need to wait for my levels.” Again the idea is if trader just waits for his levels he … Read More
Trade Review: Long Gold
In this video I share my thought process on why I opened a GLD long trade. If you are interested in watching and learning about these trades in real time check out a Trader90 trial which includes all of our trading tools. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, … Read More
The SMB Trader Community Survey
We’re excited to offer to you a unique survey opportunity. You see, most surveys are designed to collect information from you. This survey is designed to provide valuable insights to you! Here’s how… after you participate in the Trader Community Survey, you will receive a copy of all the collected responses to the first seven questions. Additionally, on December 1, … Read More
How to Develop a More Reliable Trading System
In this video, Andrew Falde shares some of the common elements that several professional traders at our firm share when it comes to developing trading models and strategies that continue to work in the real world. * no relevant positions