I am officially naming a new trade. SMB will call it the Trend Trend Trade. Below we explain through the trade of one of our traders, Shark, reviewing a recent trade in LPS, using the SMB Playbook template. The Trend Trend Trade is a set up where the long term trend and the short term trend align. We look for spots … Read More
SMB Morning Rundown – June 24, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trading Thought of the Day – June 24, 2011
But trading has a lot of psychology attached to it. People aren’t loved as kids and first they take it out on the markets and when that doesn’t work out they take it out on comment boards. – James Altucher
50 Greatest Traders of All-Time
I have written in One Good Trade and The StockTwits Edge that I was trained by one of the 50 greatest intraday traders of all-time and then quipped “if such a list exits”. Well one doesn’t. But maybe we can make one this summer as at SMB we are teamed with a staff of interns and traders. Heck the NBA … Read More
SMB Morning Rundown – June 23, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trading Thought of the Day – June 23, 2011
Everyone who has found any kind of lasting success on Wall Street has the same thing in common – a lack of complacency. – Josh Brown of The Reformed Broker
This Concept Could Get You Through the Learning Curve
Understanding how to identify support and resistance areas and execute trades at these prices is a prerequisite to become a successful day trader. When I reflect back on the dozens of people we have trained over the years I can’t recall a single trader who made it to consistent profitability who didn’t have a few plays in their playbook that … Read More
Bella Talks about his First Steps in Trading
Wednesday June 22nd, 2011 Recently featured in StockTwit’s highly anticpated book The Stocktwits Edge, Mike discusses his very first days as a novice trader: “When I first started trading in the late 1990’s, you sat behind an experienced trader for five days. As we chuckle remembering, you learned through osmosis. You asked questions when they appeared to have time, which … Read More