Mike Bellafiore, author of the trading classic “One Good Trade” and Seth Freudberg, director of SMB’s Options Training Program will be at the Scottsdale (Phoenix) Traders and Investors Meetup Group on December 6th, 2012 at La Quinta Inn. Mike will be explaining how to create your own Playbook and Seth will explain why he loves trading options. Risk Disclosure
Finding the Right Trading Product and Style
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use … Read More
This is Who We Want to Train at SMB
I get asked daily who we want to train at SMB. This is a very serious question. I wrote about those we want to work with in One Good Trade. And also those who will fail. I took the responsibility of sharing who can make it and who won’t very seriously. But succinctly the young man below encapsulates exactly what we … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More
The Biggest Question for a Trader
Hi Bella, When I started out to go day trading, I feel as though I have wasted allot of money and time on so-called “education”. I can tell you that I have spent over 10k in it. A friend recommended (********) to me and I took their course. They made it seem so easy with patterns and MAs. … Read More
Two Pics As A Post
ANF November 14th 2012 GMCR November 28th 2012 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 Beginner Enemy #1: Random Trades
As short term forex traders, we are exposed to a great deal of price noise since we usually watch time frames that are 15 minutes or less. We are constantly developing our ability to measure when the probability of achieving our potential return is greater than the risk that it presents. What helps us refine this skill and simplify the … Read More
What I Learned From The Best Trader at Citibank
In my senior year of college, I hit the jackpot. No, I didn’t win the lottery. I did even better– I got the job I wanted in the markets. Let me repeat: *the* job. Note: the lesson is that if I can do it, then anyone can! Ever since I was 14, I knew that I wanted to be a … Read More