Today, SMB Co-Founder and noted author Mike Bellafiore returns to the Options Tribe to share his observations about the habits that sustainably great traders develop as they progress in their trading careers on a proprietary trading desk.
Today’s Trading Highlights
Here are some quick highlights from today’s trading. In the AM meeting, Steve talked about the 208 resistance level that $SPY had failed to hold above numerous times. This was a level to be short from. With the overnight session looking calm and almost strong, this flew in the face of price action at the moment. The level held once again … Read More
Developing new traders into high performing traders at SMB (Podcast with TradingStory.com)
Mike Bellafiore was interviewed on TradingStory.com by Brandon Clay. To see more videos of interviewed traders go to TradingStoryPodcasts or get them on iTunes. Here is an excerpt from tradingstory.com……… Mike Bellafiore – the trading coach developing high performing traders. Mike co-founded SMB Capital with a focus on teaching new traders how to become consistently profitable traders. There is not … Read More
The Fourth Week of More Mindful Trading
In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The earlier posts in the series can be found here: Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading The Third Week of More Mindful Trading To bring new readers up to speed, here is a brief refresher on … Read More
Insider Insights: Lessons from One Good Trade
Marko Gränitz a German trader wrote a book review on One Good Trade by Mike Bellafiore. Below is Marko’s review translated from German to English. Marko: The best trading book: One Good Trade One Good Trade was one of the books that I devoured in no time. A book that absolutely belongs on the shelf. And if you ask … Read More
How to Trade Fitbit (SMBU Daily Video)
In our SMBU Daily Video, we continue the discussion on Fitbit.
In this video from Mike Bellafiore, he discusses:
Why he closed out his short in Fitbit
Where Fitbit could trade from here
The relative strength FIT was showing on Monday’s market sell-off
Events that reverse our trading positions
We hope this video helps you improve your trading skills.
– SMBU Team
Trading TLT Using Conditional Orders: Insights from SMBU’s Daily Video
In our SMBU Daily Video, learn more about conditional orders.
In this video from Andrew Falde, you will learn:
How to set up conditional orders to control your risk when you aren’t at your screen
How to plan your trades for different scenarios and automate for each
Learn what qualities to look for in a stock, ETF, or Index that make sense for conditional order placement
We hope this video improves your trading.
SMBU Team
What it Takes to Go Live at Our Firm
SMB receives approximately 5,000 applications each year to trade for the firm. As you can imagine, it’s nearly a full time job to sort through 400+ new applications each month. Of the thousands that apply each year, the net acquisition of new traders that go live with the firm is less than 50. That’s right… Less than 1% of applicants … Read More