The top In Play names this morning: WMT was my focus as the lowering of FY19 guidance was potentially a very strong catalyst. Early indications from pre-market trading were many traders were attempting to dump the stock ahead larger selling that would come after the opening bell. You can see my discussion of WMT in the AM Meeting here. With … Read More
Why I Game Plan Every Day
Every morning when I arrive at SMB’s office in midtown Manhattan I have a pre-market routine. The routine serves two purposes: 1) To get me in the proper frame of mind to attack the markets and 2) Ensure that I’m in the best risk/reward stocks and setups. Here is a brief outline of my pre-market process: Login to trading platform … Read More
Recruiting traders for Teams that fit their talents
During an interview with now one our new hires, I imagined the candidate trading on one of our specific teams. I thought he could be a very good scalper. I could imagine him succeeding on Team Scalping. The candidate had a history of very fast thinking. He had done the type of thinking prior to this interview to be … Read More
Collaborating to build automated models
In his Daily Report Card, a developing hybrid trader noted the important value talking to another trader on the desk about his idea for an automated trading model. (A hybrid trader is one who profits with discretion, AND discretion armed with technology, AND automated models. They are not just a discretionary trader, pushing buttons based upon what they see in … Read More
Meeting Traders in Chicago Next Week: Trading with Stops
This was a bittersweet week for traders on the Street. The sweet? We saw one of our top traders post three 200k days. In one week, he made nearly as much as his best month ever. His goal of making 8-figures in a year became more of a reality. Our options desk struggled. They shorted volatility and got stopped out. … Read More
[Recording] SMB Webinar: The Daily Report Card
Mike Bellafiore has been mentoring an independent trader through The Daily Report Card process. That trader joined us in a live webinar to share how The Daily Report Card has helped his trading. This independent trader shared his trading journey with you. At SMB Training, we are most interested in working with and meeting the most serious of traders and helping them grow. And even better yet, hiring them on … Read More