Hearing, Trusting and Trading

Huge HT to @traderinterviews, the place to listen to profitable, experienced traders share market lessons, for sharing an important video on trust. More specifically on trusting your teammates. Or to us on trusting our trading teammates. Please watch below. Let’s walk through logically why it is so important as traders to develop the skill to gather trading ideas with your … Read More

Six and Half Hours of Fun!

SMB coined the term “intraday fundamentals”. It refers to the study of news patterns that provide us clues to how a stock may move intraday. The best of these patterns are the all-day trend plays, the result of news that’s so important that the stock may trend for the entire day, no matter how the overall market moves. And these … Read More

A ? 4 the Trading Community- Off-Season Improvement Plan?

We received this question from the trading community, which we will pose to our trading community for your comment: My question is about training during the off-season. The month of August is typically known as a slow month. As a result, next month (August 2010) I’m going to be away from my desk, I’m taking a trip down to the … Read More

Was it Really Your Level? Really?

After the Open we meet with our new class and ask them to share a good trade from the open. There was a lot of I bought at this important level and the stock only went up from there. Was it really the level? So the first Newb saunters up to our 65inch flat screen which displays our charts, announces … Read More

SMB Trade of the Week- Bearish Momentum Trade (VPRT)

Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders (all?) we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share a Bearish Momentum Trade that we made in … Read More

Review of SMB on StockTwits TV

During one interview today I was asked what SMB gets out of all the sharing we do on StockTwits. Well really thoughtful emails like the below are one thing: Mike, For what it’s worth, my observation of the changes and improvements that you have made in your video presentations over the past months is that they are remarkable. The substance … Read More

Aint Nothing But a Trading Thing

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

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