Yesterday one of our new traders stopped into my office frustrated, looking for a pick me up and wisdom. I provided neither….. purposely. And these moments are always a little awkward as the trader waits for the wisdom and I purposely withhold. I imagine them wondering I think I just stumped Bella. Often I will change the subject, in this … Read More
SMB Morning Rundown – July 27, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Could You Reenter?
I was aggressive buying GENZ into a pullback today and got stopped out of 2/3 of my position. GENZ closed $1.30 above where I got stopped out of most. When GENZ broke above the opening highs of 66.85 and spiked to 67.25 my interest in buying a pullback was initiated. I bought 66.81, 66.61, and then 66.46. I hit out … Read More
Self Coaching with Mike Bellafiore
David of The Crosshairs Trader Blog recently mentioned SMB’s Mike Bellafiore for his three self coaching principles.
SMB on Wall Street Warriors
Watch SMB Capital on Wall Street Warriors.
SMB Morning Rundown – July 26, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
A ? 4 the Trading Community- Specialize or Well-Rounded
Dr. Steenbarger helped SMB recognize one of the improvements we could make at our firm awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders … Read More
10x = X
Excellence is the gradual result of always striving to do better. Pat Riley Maybe I am starting to get a little old. Maybe the half a generation removed from most of our traders is the difference. Then there is my pending marriage and their out-till-4AM shenanigans. But I see a disturbing trend with a few developing traders and some potential … Read More