SMB had an elite trading coach (name cannot be shared for compliance reasons) visit yesterday for an informal presentation with tips on how to improve trader performance. This coach has worked with the top traders in the world, at prop firms, investment banks and hedge funds. SMB Trader, King of Men, put together a list of ten takeaways from this talk. We thought … Read More
Would You Make This Fade Trade? $APOL
I received this trader question via email on fade trading. Here goes: After the (well-known trader coach visit) meeting, I’ve come to realize I don’t ask enough questions from the people who are more experienced than I am. Today was a dull day, lost about $150, I don’t have a lot of talk about except this APOL trade. I’d like … Read More
Forex Road Map
Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
What Effect Does Living Frugally Play in The Success of A Trader?
We had a recognized trading psychologist (name not mentioned for compliance reasons) visit SMB yesterday. One of traders pro-actively sent this coach a question about his development progress. Dear Dr. (Well-known trading coach), I would like to thank you very much for your talk at SMB Capital. It was a real privilege to have met you in real live after reading your … Read More
How Do You Find The Best Stocks to Trade?
Hi Mike… quick question…. while your probably constantly reevaluating throughout the day, would you say its common for SMB to come up with another set of “in play stocks” for afternoon trading, or do you tend to stick with the original ideas from the morning? thanks for all your advice and thoughts. @mikebellafiore 1. We are experts in choosing the … Read More
Is He a “Real Trader”?
I come from a prop firm that’s heavily composed of traders that scalp for a penny profit on list of selective stocks that meet the necessary criteria. Yesterday, our firm has been banned for a week on using the routes on these selective stocks that are necessary to implement the penny scalping strategy from our provider due to selective traders … Read More
Don’t Dig a Trading Hole Like These Traders
The below is an excellent reminder for us as traders. It comes from a trade recap after trading today. 1) When returning from vacation take it slow. 1a) An experienced trader ripped it up on a new platform yesterday prompting an email from SMB to get used to the system- take it slow. 2) Let the market come to you. … Read More
Bounce or Scalp? Knowing the Difference for Successful Trading
I received another great question from The PlayBook Webinar Series of last week on our 2nd Day Trade in $EDU. Here it is: Just my opinion, but since the stock is coming from $20 or $22 is it the previous day, I think a lot of people would have tried to catch the bounce at 13.50 to 13.70 at 11 … Read More