I wanted to share this clip from today’s AM Meeting. It is a reminder that stocks can go MUCH FARTHER than you expect. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
Forex: What’s In Your Process?
Recently I sat through an excellent presentation about trading psychology. One thing that I learned about the best of the best traders is that their most common trait is something called “process”. Process is just another name for routine. It took me a very long time to realize how important this one concept is for the developing trader. The main … Read More
This is How You Trade COH
I received this question from a foreign college student who took our college training program during the summer. It is a wonderful program for passionate college traders interested in trading pro. Let’s check out his question and my answer below. I would be happy to answer any questions in the comments section or at [email protected]. Trade well! Today I had … Read More
Is It Better To Trade From Home?
Bella, I first saw SMB on Wall Street Warriors as a Senior at Drexel University. Then, I found (unknowingly) your book on audible and decided to give the book a shot (its great by the way). Your book and philosophy on trading presents me and a ton of traders I know with a challenge, “stop believing that we are the … Read More
Don’t Quit Your Day Job to Turn Pro Trader YET
Mike, I recently read an interview you gave in YTE magazine a few years ago. I subscribed online and have been reading previous interviews etc. Your interview offered some great perspective to a new trader like myself. Although I work full time for a REIT here in PA, I am absolutely obsessed with trading and wanting to be the best … Read More
How Do You Know When to Sell a Winning Position?
Dear Mike, I’ve recently read One Good Trade and found it a quality read relative to all other books I’ve read. It has been immensely helpful as am currently full time employed and am at a point where I am thinking that that trading full time could be an option, provided I can become consistently profitable and have the confidence … Read More
A Pro Responds To A New Trading Idea
Over the weekend Bella posted a new trading idea “I’m All In”. Here is the response from SMB Foundation alum and professional futures trader Bruss Bowman. I think his comment speaks for itself. Bella, Great thread. My personal trade log for the last month is full of entries around just this thought. One of the things that I’m looking at … Read More
I Was Captain of the Mathletes
In high school I was captain of the Mathletes. Once a month we would travel to other schools and compete against their top math geeks. Many of the problems we were asked to solve appeared to be complex but often contained what were simple solutions. In math and in nature things that appear highly complex often can be reduced to … Read More