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

A ? 4 the Trading Community- Specialize or Well-Rounded

Dr. Steenbarger helped SMB recognize one of the improvements we could make at our firm awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders … Read More

10x = X

Excellence is the gradual result of always striving to do better. Pat Riley Maybe I am starting to get a little old.  Maybe the half a generation removed from most of our traders is the difference. Then there is my pending marriage and their out-till-4AM shenanigans.  But I see a disturbing trend with a few developing traders and some potential … Read More

Burn the Boats

“Burn the boats.”  I cannot stop thinking about this video introduced to us by crosshairstrader.  If you are a serious market participant please watch it. There is a lot of this market is too hard out there.   When I first started trading we had one CRT monitor. We had no charts. There was no newsfeed. Our trading system would … Read More

Traders Ask: Determining Your Stop

Dear Bella, Where would your stop loss be for the lot you added when the sellers won at 76? More importantly, how does one determine the right spot to place your stop loss or your “line in the sand”, so to speak? I also traded BIDU today and I had 76.50 and 76.00 marked as key levels. I missed my … Read More