Trading Vault Concept – “When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way – and what it means to them when support and resistance levels are made and broken” Many of us are up and coming traders who have consistent issues with the ‘WHY’ to enter a trade. Meaning, we don’t have a hard … Read More
Mike Bellafiore has started a new series 30 Trading Habits in 30 Days
Mike Bellafiore has started a new series 30 Trading Habits in 30 Days for his YahooFinance Blog, The Trading Coach. In this video we discuss why we created this new series and how it can help you as a trader. Also we ask for questions from you on areas for habits on interest to you. In this video Mike discusses: Your … Read More
30 Trading Habits in 30 days: AM Idea Sheet
Welcome back to our new series 30 trading habits in 30 days. In this video, I share why we created this series for the trading community and how it can help your trading. If you have missed the prior habits they are archived. Today we share habit #4- AM Idea Sheet. Developing traders often miss trades. They miss easy trades. … Read More
Drilling Down On The S&P 500
This weekend I have seen a few versions of this daily chart of the SPY drawn with two lines to offer what appears to be “symmetrical triangle”. The idea is that buyers/sellers are becoming more aggressive and when one group wins the SPY will close above/below one of the two lines leading to an explosive move. I’m not a huge … Read More
30 Trading Habits in 30 days: Trader Development
Trading habit #1 was The PlayBook. Trading habit #2 was to create a Road Map. Trading habit #3 is Trader Development. What do we mean by trader development? Each day we hold a series of mentoring meetings for our developing traders in our proprietary trading firm’s training room in NYC. Trader Development is one of these sessions. And we hold … Read More
30 Trading Habits in 30 days: The Road Map
Yesterday we began 30 trading habits in 30 days to give you a sneak peak into the habits of a professional trader at a proprietary firm. You can find Habit #1: The PlayBook here. Today we will discuss a new habit, developing your Road Map for the trading day. Our firm has developed many new traders to consistently profitable … Read More
30 Trading Habits in 30 Days
Over the next month I will offer a peak into the highly competitive world of proprietary trading to give readers a taste of the daily work of a professional trader. I will share 30 trading habits in 30 days. My hope is that this will give you some ideas on habits to add to your trading. Before we begin let … Read More
Financing an Options Purchase
In our SMBU Daily Video, learn about the concept of financing an options purchase. In this video from Seth Freudberg, he will discuss: The idea of financing an options purchase An example of a trade that could have went horribly wrong by financing the purchase of an at the money put in the recent sell off The proper way to structure … Read More