Welcome back to our new series 30 trading habits in 30 days. I was at the Pig ‘N’ Whistle on 3rd for lunch yesterday with 3 trading/investing thought leaders at Baruch College. These young student traders asked: are markets going to be run exclusively by automated traders? I answered, “No. But a discretionary trading firm like ours has been doing much … Read More
Spencer named as a must follow in finance on Twitter
Steve Spencer, AGAIN, was recently named a must follow in finance on Twitter. Congratulations Steve and the SMB Capital trading community. Here is what Business Insider had to say about Steve: See more of our friends who were named here. *no relevant positions
How are you planning to improve your trading in 2016?
Wait a minute… we’ve still got another two and a half months until the end of the year, why are we talking about getting ready for next year? That’s because we believe in goal setting and proper preparation. And proper preparation is a never ending process. Top traders know how they can improve and they are thinking ahead 1 month, … Read More
Trade Triage- Damage control techniques for poor entries
In this discussion, we’ll discuss the example of the incorrect entry using an option strike with lots of time to expiration -and different ways we can employ damage control on a trade that looks to be upside down for a time. All commentary is hypothetical, and solely my opinion and what I might potentially do if I had this position. … Read More
30 trading habits in 30 days- critical feedback
Welcome back to our new series 30 trading habits in 30 days. Today we share habit #10- critical feedback. Do you get critical feedback of your trading? If not you will not learn how good you can be. Last week I read a daily review from a trader: If I see the setup, jump right in. My critical feedback to … Read More
[New Series] Which Technical Indicators Work Best?
Ever wonder which technical indicators are best for trading? Look no further than this series with Andrew Falde that teaches you exactly how to answer that question with statistics, custom algorithms, and back testing. No relevant positions. Trades are hypothetical.
Mike Challenges a Common Trader’s Statement
In our SMBU Daily Video, Mike Bellafiore challenges the common trader statement “If I see the setup, then jump right in.” He thinks you may say this as well. See if you agree with Mike’s teaching lesson. Have a great weekend. SMBU Team * no relevant positions
Pro Traders Have This in Common
The best traders in the world have something in common. More interesting than that… it’s something that struggling traders do not think is all that important. Not only do the best traders in the world share this trait; it’s also common to see this trait in top professional athletes, artists, world renown musicians, etc. Just like amateur traders — amateur … Read More