****Unfortunately the seminar has reached capacity and we are no longer taking RSVPs. Steven Spencer will also be doing an online seminar in 2 weeks. We will post the registration on the blog next week.**** Join SMB Capital for a free 90 minute IN OFFICE seminar on Sunday, February 20th @ 1pm. Speakers & Topics: Mike Bellafiore, Partner Trading Plays … Read More
Trading Quote of the Day – July 19, 2019
“There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.” Jesse Livermore
Trading Quote of the Day – July 16, 2010
“The markets are not random. I don’t care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has … Read More
Second Trading Quote of the Day – July 15, 2010
“Speculation, in its truest sense, calls for anticipation.” Richard D. Wyckoff
Trading Quote of the Day – July 15, 2010
“When you are in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading helps achieve that goal.” Bill Lipschutz
Trading Quote of the Day – July 14, 2010
“The more you understand the concept you are trading, how it might behave under all sorts of market conditions, the less historical testing you need to do.” Tom Basso
Trading Quote of the Day – July 13, 2010
“We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them. And when we play the markets, we assume that we are considering all of the available information. Instead, our beliefs, through selective perception, may have eliminated the most useful information.” Van K. Tharp
Trading Quote of the Day – July 12, 2010
“Knowledge arises from experience. Just as a musician practices diligently to become a concert pianist and an athlete spends uncounted hours on the court to become a great tennis player, a trader must gain experience through actual trading to become an expert trader.” James F. Dalton