We had an interesting question the other day: What would be a reasonable range for total number of trades per instrument for an active intraday trader? And is there a different range for something like a stock-in-play vs. SPY or EUR/USD? I’m working on discretionary trading along with algorithmic strategies and I just want to gauge your opinion on when … Read More
What is your giveback rule?
Yesterday in a daily trading review a trainee wrote with disgust about giving back too much of his early profits. I really hate what I did today… basically gave back 90% of my net on the day by trading like a jackass. It just started with one bad trade and snowballed into a few more, and before I knew it, … Read More
SMB’s Options Tribe: Free Webinar Today at 5pm: Managing Options Positions by the Greeks
Tuesday December 20, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
A Conversation With Young Small Cap
This is a conversation I had today with a trainee about doing better in non-small-cap stocks. This mentee had previous success with small cap stocks while in college. During an end of the year review he made some observations and wanted to discuss them with me. Young Small Cap is an example of the very best of the people I … Read More
How do you develop conviction as a trader?
Hey Bella, I’m a relatively new trader as I’ve been trading for a little over a year now. The best plays that have the highest win-ratio for me are scalp plays. My question is, how do you know when you have enough conviction to act to execute, or consider executing, a trade on a specific stock? I understand every trader … Read More
How is this trader doing?
I received this email from an email trading buddy and wanted to know how you thought he was doing. I hope you are doing great. I just wanted to remind you who I was so I attached the below email. I was wondering if I could run a question past you. It’s tough here at the home office to get … Read More
To improve your trading results first do this
Bella: Put up 15k in Jan and there will be a special surprise for you 🙂 Trainee: I am trying to do that half way through the month…I’ve hit that before in 6 days and that is months ago. I didn’t get a chance to do the review today will get to it Tomorrow. Have a doctors appt and got … Read More
Free Webinar – System Trading Tools
Rick Martin, lead developer of SMB Systems Trading LLC, will be discussing system trading tools to use in your trading – what they are, how to know if they will work and if you have what it takes to add a computer to your trading and tune them to fit your trading style. Questions from attendees will be answered at … Read More