We teach a class, SMB DNA, and a student asked this question about the chart above from this class: As you can see from the chart, after price broke above 238.40 and traded above it, price tested and rebounded from the level 4 times. It seems to me that this suggests the level is significant intraday as well. The 3rd … Read More
Buying A Market Pull Back–Part II
In Part I I discussed how I put on the breaks on a planned buy in the SPY on 12/11 when price action lowered the probability of a market bounce. This put me in a much better position to play for a bounce on Monday December 14th. Here is a screenshot of my pre-market game plan where I share my … Read More
Not Losing is Winning Too
In our SMBU Daily Video, Mike Bellafiore shares an anecdote where he won by not losing. Developing traders often want to win and win everyday. Mike explains how you can win some trading sessions by not losing. Trade Well – SMBU Team *no relevant positions
What It Takes to Become a Good Trader
In our SMBU Daily Video, Mike Bellafiore answers what it takes to become a good trader. Good traders don’t make excuses Embrace the results of your trading Bad traders blame outside forces We hope this video helps you improve your trading skills. – SMBU Team *no relevant positions
What Typically Happens After a Market Selloff
In our SMBU Daily Video, Andrew digs through 10 years of market data to show you what typically happens after a sharp drop in price. We hope this video helps you improve your trading skills. – SMBU Team *no relevant positions
How to Know When You Are Trading Too Large
In our SMBU Daily Video, Seth Freudberg discusses how to know when you are trading too large and what to do about it. In this video from Seth, you will learn: Many options traders trade well on small amounts of capital but struggle when those capital levels increase. One of the most common reasons that traders blow up and quit … Read More
This What A Professional Trader Looks Like
In our SMBU Daily Video, Mike Bellafiore gives a visual for you of what a professional trader looks like. Mike shares a story from our desk of a trader who works hard, but more importantly, works hard in the right way. We hope this anecdote helps your trading. – SMBU Team *no relevant positions
Meet Mr. Excuse trader
*inspired by 18 years of trading I lost money because of that damn Jim Cramer! No you lost money because you followed his advice on a trade not best for you. I lost money because the damn Fed keeps inflating prices. No you lost money because you didn’t follow the trend created by the Fed keeping rates low. I lost … Read More