During our SMB Midday Recap Bella taught: 1) A trading execution principle for stocks that break out. 2) How to make a second-day VWAP support play in $CAT by doing the exact opposite of what he did. 3) An example of the best stocks to trade for intraday traders—those with independent order flow. $FIO was used as an example of a … Read More
LS Trades Reviews The PlayBook
Liquid Snake, aka Sebastien Salois, is a former professional basketball player and financial security advisor who runs a Web site called LS Trades. Recently, he wrote a terrific review of The PlayBook, and we’ve pasted it here in full. We thought you might enjoy it. —- READ THIS BOOK. In anything where there’s a huge demand and interest for knowledge, … Read More
Best Trading Tweets #28
Henrique Simoes (@traderhms / [email protected]) is the founder of the Best Trading Tweets Web site. Recently, he selected and highlighted a tweet by Bella. We though you’d like to see it. You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions
Why This SMB Trader Added to His $FB Longs Today (video)
During our SMB Midday Recap Bella discussed: 1) Why he added to his FB, Facebook, position at 51.16 for a swing trade? For those following at home, Bella tweeted this in real-time on SMB Real Time. 2) Why you should develop a list of intraday stocks that do not trade well if you are an intraday trader. Hint….$CAT 3) Why … Read More
Knowing Your Risk on Multiple Time Frames
*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey to pro trader for the college student with a passion for trading.***** There is a saying along the lines of “Good traders know their … Read More
Why We Started SMB
Mike, I’ve just started your book One Good Trade, and I love it. My question is why start a prop firm if you and Steve are the best traders and it is all your money? Can’t you just scale up your trades? I trade my own money and was thinking about starting a prop firm, but then I think: 1. … Read More
Use Your Emotions to Make Better Trading Decisions: SMB Midday Meeting with Denise Shull (October 21, 2013)
Denise Shull, author of Market Mind Games, was our guest speaker today during our Midday Meeting at SMB. Denise discussed: 1) How traders should learn to use emotions to make better trading decisions 2) Why most trader psychology advice gets it wrong by teaching you not to feel emotions 3) The reason why some traders have a need to be … Read More
Your Brain on Neuroeconomics
******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 Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note Neuroeconomics is the study of human decision-making. Combining several fields of study from behavioral economics to … Read More