The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Bottoming Process
There is a lot of money to be made in a stock that has been beaten down. Generally, after a stock has been destroyed for some fundamental reason it will have some type of longer term bounce where traders can gather information from its price action over the course of several weeks. In the case of RIG it bottomed back … Read More
One Good Trade: The Prequel
“You have to have an idea of what you are going to do, but it should be a vague idea.” Pablo Picasso SMB Capital started as just an idea. “Hey what if we focused on building an elite training program for new traders. The markets are much more complicated than when we began,” pitched a future co-founder. Then two experienced … Read More
SMB Morning Rundown – August 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Hearing, Trusting and Trading
Huge HT to @traderinterviews, the place to listen to profitable, experienced traders share market lessons, for sharing an important video on trust. More specifically on trusting your teammates. Or to us on trusting our trading teammates. Please watch below. Let’s walk through logically why it is so important as traders to develop the skill to gather trading ideas with your … Read More
Six and Half Hours of Fun!
SMB coined the term “intraday fundamentals”. It refers to the study of news patterns that provide us clues to how a stock may move intraday. The best of these patterns are the all-day trend plays, the result of news that’s so important that the stock may trend for the entire day, no matter how the overall market moves. And these … Read More
A ? 4 the Trading Community- Off-Season Improvement Plan?
We received this question from the trading community, which we will pose to our trading community for your comment: My question is about training during the off-season. The month of August is typically known as a slow month. As a result, next month (August 2010) I’m going to be away from my desk, I’m taking a trip down to the … Read More
Was it Really Your Level? Really?
After the Open we meet with our new class and ask them to share a good trade from the open. There was a lot of I bought at this important level and the stock only went up from there. Was it really the level? So the first Newb saunters up to our 65inch flat screen which displays our charts, announces … Read More