Forex trade of the week

A key point in the EUR/CHF trade was when the price fractured the areas of support, which are identified by the Fibonacci retracement at level .618 % at an approximate price of 1.2800. Once those areas have been breached, we expect the trend to be lower than the previous minimums, but in turn, the price increases producing up trends. This … Read More

Book Review of One Good Trade from CrossHairsTrader

CrossHairsTrader wrote this thorough review of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading): When I assess the quality of a book I ask myself four questions: 1. Did the author teach me something I did not already know? 2. Did the author reinforce much of what I already know? 3. Did the author leave … Read More

One Observation From The Trading Day

Being in the right stocks will largely dictate the type of day you will have. If you are in the most In Play names you are going to generate PnL commensurate with your skill level. This is why we have an AM Meeting to discuss the stocks that are most likely to be In Play for the day. Even if … Read More

Old School Lessons from Mike Bellafiore

Mike Bellafiore, Partner at SMB Capital, and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading was featured in the recent issue of SFO Magazine. In his article, Old School Lessons For Mastering Today’s Markets, Bella discusses what it takes to become a great trader in today’s changing market. A must read for new traders! The … Read More

StocktwitsTV – Live From the SMB Classroom with Bella

On Sunday night, on StocktwitsTV Mike Bellafiore talked to new traders about some of the issues they had faced so far and ways to improve their trading. You can watch the clip here, and if you have any questions, please send them to @smbcapital on Twitter.