Mike Bellafiore, author of The Playbook and One Good Trade, discussed why traders at the firm are so focused on building trading models right now and how to be more selective with your ideas.
Yesterday, I made the below three trades on the Open based on our morning game plan and strategies we teach on the prop desk. It is important to spend time reviewing your trades each day to determine if you followed your trading plan and identify possible improvements on execution. BABA (win)—good #s. With large recent runup no great setup but expect … Read More
Following JPM’s earnings report it gapped higher then faded the rest of the day. Steve Spencer discusses a possible short setup. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] No relevant positions Please follow and … Read More