Many traders believe they will be happy after they become profitable. In fact, first comes happiness, which then can dramatically propel elite performance. Shawn Archer author of The Happiness Advantage, explains in this article Positive Intelligence: In fact, it works the other way around: People who cultivate a positive mind-set perform better in the face of challenge. I call … Read More
Key Trading Levels from Our Desk
This is an example of one of 15 meetings that are available each week to members of Trader90.
The Opening Drive Trade: Is it for you?
Some trading “gurus” preach that you should learn how to trade the open. Because, as they say, you can trade 15 minutes a day, make 500% a year, buy a Lamborghini like me, and be the envy of all your friends. Other trading “gurus” say things like: avoid the open, I don’t trade until 10am, trading in the first 30 … Read More
When To Get Short Facebook
Here is a short video clip from our AM Meeting the morning after Facebook reported earnings. I discuss potential trading scenarios including the most common pattern we have seen in the past offering a good risk/reward on the short side. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. … Read More
When To Buy A Market Pull Back
Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected]. Steven Spencer is currently net long SPY via options
How to shut up the risk manager
We had a meeting with a Year2 trader after the close and he did something you ought to be able to do. Let’s call this prop trader Frequent Flyer. Frequent Flyer has fallen in love with a strategy, that between us, I don’t love. As a directional discretionary trader this strategy doesn’t feel like real trading to me. It’s … Read More
SMBU Equities Webinar – May 5
Watch SMBU Trading Conversations where professional traders discuss what’s happening in today’s market conditions.
An idea that is helping traders
During our monthly trader reviews this week one best practice repeated 3xs as helpful to traders. Get up and take a walk when you are angry. I remember when I first started trading, watching and hearing traders bang and cuss as if at a NY Rangers game. I remember thinking that is so unprofessional. And then I started trading (insert … Read More