What financial websites do you use to prepare for trading? @MikeBellafiore I asked our newest training classes in Austin and NYC to share what websites they use and why to prepare for each trading session. Then I aggregated their answers, unedited, into this post. This gives you an excellent guide of websites to help you prepare for each trading session. … Read More
How to Get a Trading Job in College
As a trader who went through the SMB College Training Program previously, and was subsequently hired to trade on the desk in their NYC office, I wanted to write a blog post to answer some questions I’ve received lately. I should also mention that I now head up the College Training Program and it is my sincere hope that I … Read More
What Does “Losers Average Losers” Mean?
Many years ago Paul Tudor Jones was photographed in front of a photo that read “Losers Average Losers”. What the heck does that mean and why is it so important? As traders our #1 job is managing risk. If you add to losing positions it may become extremely difficult to manage your risk. For example, If you put on a position … Read More
Ask anything: can you beat the markets?
Hi Mike, I have heard that there are roughly 50,000 professional traders and 20M want-a-bes. That’s about 1 in 40 and even though those are not good odds I am happy to know that it is possible to do. I have struggled with day-trading. But I have found using options trading longer term chart patterns (weeks and months) that I … Read More
Implied Volatility (SMBU Daily Video)
In our SMBU Daily Video, learn more about Implied Volatility. In this video from Andrew Falde, you will learn: What implied volatility indicates Why it’s skewed ahead of major events Why it’s a good filter for trading styles How to read implied volatility Enjoy the video! *no relevant positions
SMBU’s Options Tribe Webinar: Options Tribe Member Dave Freitag: “The 5-5-5 Options Trade”
Today, Dave Freitag presents his signature “5-5-5 trade” to the options tribe community for the first time.
College Traders Training Programs Overview
Last week Leo Selya conducted a Webinar overview on SMB’s summer College Traders training programs. If you’re still not sure what you want to do this coming summer, you might want to watch this video, and you can do that by submitting the form below.
#1 Thing Critical to a Trader ‘s Success
Trading is tough. But what if you could skip the fluff and focus on what really matters? Through the power of internet, I’ve asked 6 successful traders What is the #1 thing that is absolutely critical to a trader ‘s success? Here’s what they said.. (with zero mention of technical indicators or fundamental analysis) Jon Boorman Jonboorman.com – @JBoorman I … Read More