Please pass on to Mr. Bellafiore that his book is the best one I’ve read on prop trading and on my top 10 of trading books, maybe top 5. 🙂 Not that would mean a hill of beans to him but regardless, it truly was an enlightening book. If he has a few minutes I do have a question to … Read More
What do all successful traders have in common?
In the summer of 2010,  I traveled to Manhattan from my home in Philadelphia to meet with Roy Davis of  SMB Capital for the purpose of checking out  SMB’s   intraday  equities training program. While I am an income options spread trader myself,  my premise was that  intraday equities trading and options income trading  were not at all mutually exclusive … Read More
SMB Morning Rundown – March 1, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Weekend Review
A terrific exercise for traders is The Weekend Review.  I received an example from one of our traders and thought it could offer some ideas for readers interested in starting or improving their Weekend Review. Over the weekend I went over my results for February. Lack of discipline in hitting out of my stocks, being stubborn, and breaking my own trading rules … Read More
Steps to Mastery
Some more thoughts on developing skills and mastery.
Bias Shmias!
One of the most frequent confessions I hear from developing traders is that they couldn’t change their bias when the price action warranted such a change.  They develop a bias as to which direction a stock will trade and hold on to their viewpoint despite overwhelming evidence to the contrary.  I have even heard there are many experienced traders who deal … Read More
Path to 1K Terminated
We challenged some of our newest traders to expect more from their results recently. We wanted to push them toreach for a goal just outside of their present ability. This is how you improve at anything. You push yourself beyond your comfort level for a new goal you are not quite good enough to obtain. Every night I asked these … Read More
SMB Morning Rundown – February 28, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.