Hey Bella, This is [name deleted]. I was in the summer training program at SMB. I’m going live tomorrow and was wondering if you could give me some basic tips for me to think about. I’ve been following SMB on Real Time, watching the morning meetings, and training every day since the summer on the ThinkorSwim simulation platform. I know how different … Read More
How Are You Improving Each Day as a Trader?
Before the Open we hold an SMB AM Meeting to discuss the most promising stock patterns of the day. During the intraday we share the best stock patterns with our desk with SMB Real Time. The SMB Radar is a tool we built that scans for our favorite stock patterns. During the midday we discuss trade patterns with our new … Read More
How Focusing on Doing the Right Thing Helped This Trader
As a trader our job is to do the right thing. Below is an example of a developing trader who saw improvement by embracing this mindset. Bella, Since today was the last trading day of the month, I decided to briefly explain my progress during October. I took a lot of notes during this month, and found some bad habits … Read More
Confirmation Bias and Trading
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note — When it comes to trading, enhancing our performance inside the charts requires an awareness of various “outside the … Read More
A Fireman’s 2nd Day Trend Trend Trade (FSLR)
We received this e-mail from an SMBU Blog reader. We hope you enjoy. So I had my first PlayBook trade today (that is, an A+ setup that I had previously seen and wrote a detailed Playbook entry for and now I actually traded it …) The trade was a Second Day Play with Trend Trend characteristics that breaks out over pre-market … Read More
SMB Midday Recap (11/01/13): $QUNR
In today’s Midday Recap, Steven Wang discussed a momentum trade for a new stock, QUNR, which opened for trading today. You can access the video by signing in below. No relevant positions
Trade Review: $FTNT, $TKR, and $BA
*****Editor’s note: Here’s the latest post by Jake Huska, who is a college student working on his trading game.***** With earnings right near their peak, there have been many opportunities for the intraday trader. Earnings season will start to wind down in the next two weeks, so enjoy the increased volatility in individual stocks while it lasts. In this post … Read More
The PlayBook Inspires This Canadian Trader
Hi Mike, (I am) a discretionary trader from Montreal, Quebec. I simply wanted to take a minute and thank you for your help and for providing me with inside resources to step up my game. I have been trading for quite some time now (seven years to be exact) and have enjoyed reading so many books about trading. You can read psychology books; … Read More