You make a profitable trade and then groan that you were not big enough. If you could just trade your best trades bigger, you would make much more! But then you also find an A+ setup (your favorite trades), put on max risk, take a loss, and then grumble that you should have lost less. I certainly have been there. … Read More
Fail, Win, and Then Fail Some More: The Path to Becoming a Winning Trader
Part II of our training program on our prop desk in NYC is Trader Development. There is a lot of necessary and wonderful failing that goes on during Trader Development. During this process traders experiment with different setups that we highlight. There are trading strategies worth exploration that active traders use to win. We continually point them out daily during … Read More
The results from our SMB trading community survey (Part I)
This is part 1 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
Why I didn’t trade today
I didn’t trade this morning. I had ever intention to do so when I left the office last night. I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session. So this was not a decision of a lack of trading opportunity. I, personally, was not in an optimal state to trade. And therefor, I benched myself. … Read More
SMBU’s Options Tribe Webinar: Paul Forchione of Optionvue Systems, International: The Strangle Swap Options Strategy
Option Strategist Paul Forchione of Optionvue Systems, International will show how he uses OptionVue software to structure and analyze Strangle Swap strategies to earn positive theta while minimizing exposure to implied volatility.
SMBU’s Options Tribe Webinar: Mike Bellafiore, author of The PlayBook and One Good Trade: A study of 10 successful proprietary traders: Why and how they have succeeded
This week, Mike Bellafiore, noted author and founding partner of SMB Capital will be discussing his personal observations about why certain proprietary traders that he has personally mentored become successful professional traders