Hi Mike, (I am) a discretionary trader from Montreal, Quebec. I simply wanted to take a minute and thank you for your help and for providing me with inside resources to step up my game. I have been trading for quite some time now (seven years to be exact) and have enjoyed reading so many books about trading. You can read psychology books; … Read More
The PlayBook Helping London Prop Traders
Recently I was asked by an SMBU Blog reader to share more of the e-mails sent from other traders who are trading different products. The reader was mostly interested in seeing how applicable my books were to these other traders and the different products they trade. When I first wrote One Good Trade I was surprised at its reach. It … Read More
There is Nothing We Respect More Than…
Dear Mr. Bellafiore, Thank you for writing The Playbook! Before I continue my thanks and gratitude, I promised myself that this would not be a ‘Dear Oprah, save me letter.’ But on a serious note, it is hard to hold back my sincere appreciation for your advice and guidance in The Playbook. I am not your typical recruit. Most would … Read More
Mastering Trade Execution: Unlocking VWAP and Independent Order Flow Principles
During our SMB Midday Recap Bella taught: 1) A trading execution principle for stocks that break out. 2) How to make a second-day VWAP support play in $CAT by doing the exact opposite of what he did. 3) An example of the best stocks to trade for intraday traders—those with independent order flow. $FIO was used as an example of a … Read More
LS Trades Reviews The PlayBook
Liquid Snake, aka Sebastien Salois, is a former professional basketball player and financial security advisor who runs a Web site called LS Trades. Recently, he wrote a terrific review of The PlayBook, and we’ve pasted it here in full. We thought you might enjoy it. —- READ THIS BOOK. In anything where there’s a huge demand and interest for knowledge, … Read More
Knowing Your Risk on Multiple Time Frames
*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey to pro trader for the college student with a passion for trading.***** There is a saying along the lines of “Good traders know their … Read More
Why We Started SMB
Mike, I’ve just started your book One Good Trade, and I love it. My question is why start a prop firm if you and Steve are the best traders and it is all your money? Can’t you just scale up your trades? I trade my own money and was thinking about starting a prop firm, but then I think: 1. … Read More
Use Your Emotions to Make Better Trading Decisions: SMB Midday Meeting with Denise Shull (October 21, 2013)
Denise Shull, author of Market Mind Games, was our guest speaker today during our Midday Meeting at SMB. Denise discussed: 1) How traders should learn to use emotions to make better trading decisions 2) Why most trader psychology advice gets it wrong by teaching you not to feel emotions 3) The reason why some traders have a need to be … Read More