Dear Sir, It is great what you are doing at SMB. Caught some glimpses of it on Wall Street Warrior and some YouTube videos. Also, I have read your first book. Thank you for opening up your world to wannabe traders like us. It is an awesome treasure. I do have a question. I have been learning reading the tape … Read More
A Recommendation for a Trading Psychologist
I really enjoyed One Good Trade and I’m excited to get my hands on my pre-ordered copy of The Playbook. I’ve been looking at the markets my whole life (got a solid 20 shares of INTC from Grandma when it was at 10) and began trading at a prop firm right out of college. This was in summer of 2008, … Read More
SMB Forex and Futures Weekly Trade Review 6/14
In this segment Marc Principato, CMT, examines how to take a momentum trade in the S&P 500 CFD using volume analysis and pattern recognition. To learn more visit: bit.ly.com/smbhome [purehtml id=16] — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Forex: If You Can’t Lose, You Can’t Win
Let’s face it, we all hate to have losing trades. Whether we realize it or not, losing trades are necessary in order for us to grow as traders. Not being able to take a loss or having a fear of losing will keep you from ever making progress. Most importantly, when you have a trading loss, you have the opportunity … Read More
Recording: Forex Workshop: How to Identify Meaningful Price Reversals
If you missed the most recent workshop with Marc Principato, CMT on “How to Identify Meaningful Price Reversals”, this is your opportunity to watch it. In this presentation, Marc explains how to use price action concepts to identify market tops and bottoms. This approach comes in very handy when trying to figure out whether you should hold a trade for … Read More
Why I Bought TSLA Today at 98
I sat down at my trading desk at 7:45AM and noticed TSLA was down off of the negative article in Barron’s, near a nice technical level at 98, and I bought it. I shared this with the trading community. As TSLA started to work from this 98 level I added. I shared this with the trading community in real time. … Read More
Training Session with Steve Spencer: Three Trades on $TSLA
The price action in $TSLA from the past six trading days does a nice job of demonstrating three distinct types of trades. Not all trades makes sense to all traders. But if as a trader you can figure out which of these trades fits your personality best and then build a detailed trading plan on how to attack it next … Read More
SMB Forex and Futures Weekly Analysis for 6/10
In this segment Marc Principato, CMT analyzes possible price action scenarios for the S&P 500, EUR/USD, GPB/USD and AUD/USD. This analysis is good for the week and focuses on larger time frame opportunities. To learn more visit: bit.ly/smbhome — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions