*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note The principles espoused in the concept known as deliberate practice can greatly benefit the trader who wants to take his or her … Read More
Manual Stop vs. Hard Stop: Unveiling the Advantages in Trading
We posted The PlayBook Checkup: Breakout $TSLA yesterday and then received this question. Excellent trade description, thanks. It really made me think! I find some ambiguity with the hard or manual stop. I always use a hard stop, partly because as you say a fast market can result in a much larger loss than planned. What is the advantage of … Read More
The PlayBook Checkup: $ARO AM Fade Trade (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in PowerPoint of $ARO AM Fade … Read More
Solving the #1 Trading Frustration (Video On Demand)
In our most recent webinar Steve Spencer, co-founder of SMB, shared some solutions for the #1 Trading Frustration: Adapting to changing market conditions. In this jam-packed, illuminating session we covered: 1) The #1 Big Picture setup for 2013 and whether to make that trade in 2014 2) The most recent change in US equities markets and the setups to trade … Read More
The PlayBook Checkup: Breakout Trading Strategy for TSLA (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in power point of $TSLA Breakout … Read More
How to Play Earnings with Options
Trading equities around an earnings report can be exciting, to say the least. To be successful you would need to project what the earnings results might be for a company and then you may need to determine how the markets might react to that earnings report. That is one unknown on top of another, and you basically need to be … Read More
Trading Frustration #2: A Lack of Trading Confidence
The #2 Trading Frustration in the SMBU Trading Community is a lack of trading confidence. If you have lost your trading confidence, then this is how you regain your trading confidence. We’ve all been there! A psychology coach offers some suggestions on how to increase your confidence as a trader. How your confidence helps you as a trader. You can … Read More
Trading Frustration #3: A Lack of Consistency
The #3 Trading Frustration of the SMBU Community is a lack of consistency with their trading. In this video below Steve Spencer and I offer some solutions to improve your trading consistency. The search for consistency is a differentiator between pro and developing trader. Learning to develop a detailed trading plan for all of your trades will help. In this … Read More