We received this question from an SMBU reader: Hello Mike, I have been trading for about a year. I would like to improve my knowledge in trading but unfortunately do not have the money for vocational training. Would you recommend great authors or books on technical analysis? Thank you so much! Bella’s Response In the past I have recommended two … Read More
Traders Ask: How Do I Improve My Trading Confidence?
We received this question from an SMBU reader: Hello Mike, I’m honored to write to you. My name is Nicolas, I live in Kiev (Ukraine). I’ve already read your book “One Good Trade“. I’m a trader with 8 month of experience and I have some difficulties with it. I would be very grateful if you could help me. I have fear in … Read More
Four Ways Market-Neutral Traders Can Benefit From Technical Analysis
Even though Market-Neutral Traders may not be picking a direction, we are dealing with price movement. Knowing what directional traders are thinking and where there are likely to be areas of high volatility can be extremely beneficial. Knowing the market conditions you’re entering into, in advance, can help you to modify your entry or avoid entering a trade that’s not … Read More
Six Reasons Traders Fail That Most Traders Don’t Think About
1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for failure. 2. Impatience. This occurs when traders try to accomplish too much too soon, or expect to get results far faster than is truly possible. … Read More
Getting Into Trading Shape: A Trader’s Story
Hi Mike, September 1st 2013 makes it three years that I have been trading full time. I’m writing this email to seek your experienced trader’s counsel. I don’t have any job and I’ve been thinking about my experiences trading, which for the most part have left me bitter. You must be wondering how I’m still continuing to trade after three … Read More
How Our Traders Deal With Random Price Action
Prices are random, especially on smaller time frames. So what to do? — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Webinar Recording–“Trading Fundamentals: Things Great Traders Do and Never Do” with Mike Bellafiore and John Hoagland
If you missed this special presentation on “Trading Fundamentals: Things Great Traders Do and Never Do” with Mike Bellafiore and John Hoagland from TopstepTrader.com, this is your opportunity to watch it. They discussed what separates great traders from the rest of the pack. Please sign up below to watch the recording: no relevant positions
SMB Capital on CNN Money: Day Traders Salivate Over Market Highs
SMB Capital was featured on CNN Money. Co-founder and partner, Steven Spencer, and Leo Selya, Director of the SMB College Training Program, were interviewed for a segment on what it means to be a trader in this market.