What we can see in the above picture is a more bearish than bullish market. Once the price starts dropping, you ask yourself two questions, either I sell or find support for a possible rebound. In this case, we chose to recognize a support level. As you can see at the top left corner, the time frame of this trade … Read More
From Good to Great: Using the Principles of Elite Performance to Grow Your P&L
Thursday June 13, 2011 The Traders Expo is on its way to Dallas, June 15 – 18. Mike Bellafiore, SMB co-founder and author of One Good Trade: Inside the Highly Competitive World of Proprietrary Trading, will be attending and speaking on the following topic:
Katz’s Corner: Coping with Uncertainty
A recent article from Trader Psyches discusses the challenges traders often face when confronted with the market’s constant uncertainty and ambiguity. Dr. Jonathan F. Katz, performance coach at High Performance Associates, provides his response to the article: “The ambiguity of uncertainty”…..one of the great challenges of life…especially for traders and individuals working in high performance outcome professions like sports … Read More
Should this trader quit?
I received this email recently: Hello. This is a retail level trader with almost 3 years of trading experience in s&p mini futures. During those grueling 3 years, I’ve suffered nearly 25k in losses, most during the 2008 crash where emotions got the best of me. Since then, I have learned the importance of risk management and now I am at a point where my … Read More
Traders Ask- the loss limit, resilience, and confusion
Hi Bella — I’ve been reading your book carefully and enjoying it very much.I live in Las Vegas; and would much rather trade stocks than play in the casinos. I’ve been an occasional end-of-day trader for over 10 years. Now, since last October, I’ve been endeavoring to teach myself how to day-trade. So far, I think your book is the … Read More
SMB Morning Rundown – June 13, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Man v Machine: CTXS Opening Trading
The other day I mentioned on my Twitter account (@sspencer_smb) that I would begin to blog about my daily interaction with HFTs in the US equities markets. I have been actively trading stocks with heavy HFT activity since at least 2003. In 2003 I traded AAPL on a regular basis and it was already flooded with dozens of HFT programs, … Read More
6/12/11 Market Overview and Swing Setups
@AdamG_SMB discusses setups in $SPY $ES_F $SLV $CL_F $DX_F $USD $C_F $AGU $DOW $PLL $FOSL $HOG $SFLY $DMND $LO $UDRL $XOM $ABT $MCO $ULTA $DELL $EMR $FFIV $UPS $HCP $SPG $VNO $BXP $MERC $FNSR $PTEN $ARUN $ZAGG $VHC