Mike Bellafiore was interviewed for Benzinga Premarket Prep this week. He gave his trading thoughts on Weight Watchers, McDonald’s, SPY, American Express, MMM, ACAT, CTXS. Here is what you can learn as a trader from this discussion: The reversal trade in WTW that Mike and SMB made and he is asked about in detail The key level to watch in … Read More
How I Became a Consistently Profitable Trader [True Story]
I spent 25 years working for a big company. It was a great job, but like most big company positions, it eventually wore me down and burned me out. I happened to talk to my dad one day after a particularly stressful day, and he asked me about work. I told him, “I can’t do this anymore.” He asked me … Read More
What is your trading process? Does it work? Why not?
Is your trading process simply not working? In a recent survey to traders that follow SMB, we found that a vast majority of traders (over 84%) are getting mediocre results or negative results in their trading. Even the most passionate, intelligent, and committed traders are among this group. But it doesn’t have to be that way for you any longer. … Read More
The Best Way To Handle Execution Errors
In our SMBU Daily Video, Seth Freudberg discusses how to handle the inevitable execution errors that every trader makes now and then. In this video you will learn: Why you should reverse an execution error immediately after you make it. Why you must not waste time beating yourself up over an execution error. Why you must be realistic and reduce your … Read More
Spencer named as a must follow in finance on Twitter
Steve Spencer, AGAIN, was recently named a must follow in finance on Twitter. Congratulations Steve and the SMB Capital trading community. Here is what Business Insider had to say about Steve: See more of our friends who were named here. *no relevant positions
Trade Triage- Damage control techniques for poor entries
In this discussion, we’ll discuss the example of the incorrect entry using an option strike with lots of time to expiration -and different ways we can employ damage control on a trade that looks to be upside down for a time. All commentary is hypothetical, and solely my opinion and what I might potentially do if I had this position. … Read More
Mike Challenges a Common Trader’s Statement
In our SMBU Daily Video, Mike Bellafiore challenges the common trader statement “If I see the setup, then jump right in.” He thinks you may say this as well. See if you agree with Mike’s teaching lesson. Have a great weekend. SMBU Team * no relevant positions
2 Trading Lessons from Our Lecture at Pace University
I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game. There are two takeaways to share. Trading is not what most people think. Too many are inundated with misinformation about what it really takes to be a great trader. The Financial Media Entertainment Complex starring … Read More