Die Hard is a senior trader who makes a ton of PnL. Unfortunately for him and our firm, he also loses a ton of PnL. This is actually a good problem to have for the trader willing to review and work. Many experienced traders aren’t willing to journal and review and adapt. They want to just keep hitting the buttons … Read More
SMB will be presenting at the Traders Expo New York
Mike Bellafiore will be speaking at the TradersExpo Tuesday, February 23, 2016, 2:30pm-3:30pm at the Marriot Marquis Hotel in New York City. His Topic: A Study of 5 Successful Professional Traders During this discussion you will learn: • How 5 of the best traders at SMB went from zero to High Performing Trader • The 5 best practices that made … Read More
Mr. Padre hitting singles now
Mr. Padre is a senior trader trying to hit home runs with his trading. It was not working for him, both psychologically and with his PnL.The more famous “Mr. Padre” was the late Tony Gwynn of the San Diego Padres, who built a hall-of-fame career slapping singles. He consistently hit above .300 and got on base at a clip of … Read More
How Big Dog sized down to progress
Big Dog started to learn Futures to capitalize on this market with elevated volatility. He is a fast study. Big Dog is also an accomplished trader, in the 500k-1m a-year range. Let me share an anecdote working with him on our desk to improve his sizing. Big Dog noticed something about his stops when he started to size up … Read More
Thoughts On Trading Tired
It has been a grueling two weeks. Peak earnings season. Peak bear market. Here are some thoughts on things you can do if felling run down… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 19 years. His email address is: [email protected]. No relevant … Read More
7 observations from a guest lecture on trading at Rutgers
Last night I gave a visiting lecture at Rutgers. I thought I would share some of my observations. 1) Rutgers is doing a masterful job of promotion. The deep red logo stands out. I even bought a shirt for myself I liked the logo and colors so much. Signs on the highway blast out their Top 10 ROI. Did they … Read More
Losing Money On A Trade Is Not The Same As Failing
In our SMBU Daily Video, Seth Freudberg discusses why losses are inevitable in this kind of market. Options traders struggle in volatile markets like we are experiencing. It’s important to keep a proper perspective in these circumstances–losing on trades is expected–as long as you stayed disciplined through the trading process then you didn’t fail–you simply lost money on a trade. … Read More
Three Ideas to Help You Catch Your Best Trade Ideas
@mikebellafiore One thing I do before the open is develop a game plan. What stocks do I want to trade first? What prices do I want to enter positions? This helps a trader to not get overwhelmed when the market opens. There is all this data flashing buy on multiple screens in nanoseconds. Sorting out your best stocks and best … Read More