Top 10 Blog Posts of 2017

Here are the top 10 blog posts of 2017 from SMB: This retail trader just crossed 100k in trading profits The Failure Rate of a Proprietary Trader Relative Volume (RVOL) Defined and Used STP Vs. ECN The End of Volatility This trader is “killing it” as a scalper Traders ask: VWAP? Beginner’s Guide to Call Options: How They Work and … Read More

Are there less opportunities in this market into the close for traders?

A reader asked: Hello Mike. I have been involved in trading for a number of years and follow your youtube channel with interest. A quick query when you have some time. Going back a few years, the main ‘focus’ for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour … Read More

Rules for high conviction trades

During a daily review a developing trader tackled his system for re-entry with high conviction trades. In his words on his high conviction IBB breakout trade, expressed with LABD: (LABD) Was one of my larger picture ideas for the day. Was using this 3X leverage ETF to play the IBB breakout. IBB looked positioned for a breakout on the daily … Read More

Solutions for improving your trading entries

Hope your doing well. I just wanted to let you know how much I appreciate your book, “One Good Trade”. I have the audible version and with my hour commute to and from work to (brokerage firm). I’ve listened to it countless times. Yesterday afternoon I decided to listen to it after a rather disappointing month of trading and caught … Read More

[Recording] SMB Webinar: How our most recent hire went from Home Depot to desk trader

I wrote about the guest of this trading webinar here. He was the winner of The Winning Trader, a course we developed to give our trading community a chance to experiment with trading setups with edge from our desk.  His consistent effort, program-leading PlayBook trades, conscientiousness, perfect attendance at daily trading mentoring sessions, passion, active questions, the creation of a … Read More