Performance isn’t exclusively about skill and strategy. In fact, one top coach leaves all of this out of his top three keys to building a team. This is interesting to us as traders, as some of us trade in teams or something like teams, for improved performance. Team Trading is part III of our training for new traders on our … Read More
How to make better trading decisions
In this Ted talk below, writer Julia Galef argues that making good decisions is dependent on employing a scout mindset. This talk is helpful for us as traders to make the best trading decisions. Galef breaks mindset into two categories: scout mindset and soldier mindset. The soldier mindset defends their ideas. This “motivated reasoning” tries to make some ideas win … Read More
Working hard may be getting in the way of your trading success
You say: I want to be a professional trader. I need to work as hard as I can to accomplish that goal. I will outwork everyone at my firm or in my trading community. There is a problem here. Catch it? To accomplish your goal working as hard as you can will not help you accomplish your goals. That will … Read More
Analysis of Crude Oil & Followup
Each Friday after lunch, Andrew and I do a Q&A webinar for the SMB Community. We call it Trading Conversations. One question we covered in last week’s webinar was about the current state of Crude Oil. I use Market Profile, so I laid out exactly what I was seeing in “Texas Tea” from a Market Profile perspective. Largest view: 16 … Read More
A Trading System for Volatility
Andrew reviews a VXX strategy to see how it would have handled several high volatility events over the past several years.
FED Day Trading
In this video, Steve discusses how short term traders trade index ETFs on a “FED Day.” Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected].
Midday Trading: How to Prevent Overtrading and Maximize This Trading Period
Mike Bellafiore takes a question from the trading community and discusses Midday Trading. Mike shares the best practices SMB traders use to prevent overtrading and make the best of these hours.
Trading GOGO
In this video, Mike Bellafiore, shares a trade in GOGO from today that highlights how to think though a trade. Mike combines the news, technicals, indicators, trend, and more to walk you through a trade.