Trading is a very difficult sport. The representation of trading within the Financial Media Entertainment Complex is sensationalized and is intended to first entertain. Trading is a skill. You must build skill, then your PlayBook, and then you will be able to navigate yourself toward becoming a Consistently Profitable Trader. It’s not a game of guessing, no-edge predicting, IQ, luck, … Read More
PlayBook Checkup: $CHTR
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a Junior Trader talks about … Read More
SMB Trading Lesson of the Day: Buying Pullbacks on The Open
In this SMBU Trading Lesson of the Day, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about a trading pattern that’s been working in this Bull Market. Highlights from this trade: 1) This pattern works extremely well in a Bull Market. 2) Incorporate this strategy into multiple timeframes. 3) LOW gapped up significantly on earnings; see Mike’s thoughts … Read More
The Wandering Trader: Answers Lie Within
I’ve been wanderin’ early late From New York City to the Golden Gate And it don’t look like I’ll ever stop my wanderin’ –James Taylor As traders we want to spot best practices and co-opt them for our trading. I offer one for your trading in this post from a trader on our desk. Let me set the scene. I … Read More
A Question on Reading the Tape and Skill Building
Hi Bella, Hope you are well. I’ve been going through the foundation course material and have started working on “reading the tape”. Can you give some guidance with following two questions? Thanks. 1. For a new trader is it better to concentrate on one stock and watch the prints and inside box or is it better to concentrate on more … Read More
The PlayBook Checkup: $ARO AM Fade Trade (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in PowerPoint of $ARO AM Fade … Read More
Avoid This Back Testing Pitfall
This video takes a quick look at a strategy that appears to have a smooth performance in a back test but wouldn’t perform the same way in the real world. Rick and I will be filming a live course in February to introduce the tools that we use to find strategies that are working. If you would like to receive … Read More
A Consolidation Trade ($TDC)
During SMB’s most recent The PlayBook Checkup with Bella we discuss: A Consolidation Trade ($TDC). This is a basic intraday technical analysis pattern that every developing trader should learn. We discuss: Who cares what $MS thinks about $TDC and how this should affect your trading? A 52-week high is more important than an intraday high in $SPY A news pattern … Read More