Don’t let C-B trades cloud your judgments in A trades (PCX)

This is a guest post from one of our traders, SW, about his trading day from Tuesday: A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing  an “A trade”. At SMB, we are taught to grade our trading setups A, B, and C, for purposes … Read More

Sometimes Nothing’s A Real Cool Hand

For those of you who are movie buffs like me,  you’ll know that one of the truly greatest films of all time is Cool Hand Luke,  the titlecharacter having been played by Paul Newman in one of his  finest  roles.  If you haven’t seen it, see it. What a great flick. The Paul Newman  character is a prisoner on a … Read More


So here I’m in the car on my way back to NYC from OBX stuck on some silly traffic. Apparently there was some serious accident near Hampton,VA and that’s causing a 9 mile backup. Rip! We are leaving a day early trying to avoid the tropical storm but seems this drive back is just gonna be messy… OBX was a … Read More