Before the Open I asked SMB Trader CST, “What are you looking at?” “I am thinking of trading DNDN Bella. I am looking for an opening drive.” I checked briefing.com: Dendreon: Provenge launch is on track The market reacted positively to this news as DNDN was gapping up. On our long term charts 37.50 and 40 were the next important … Read More
Listening and Trusting Other Traders on a Prop Floor (MoneyShow)
This article by SMB was published at the MoneyShow.com. Some really nice video interviews of Bella are attached to this publication.
Book Review of One Good Trade from CrossHairsTrader
CrossHairsTrader wrote this thorough review of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading): When I assess the quality of a book I ask myself four questions: 1. Did the author teach me something I did not already know? 2. Did the author reinforce much of what I already know? 3. Did the author leave … Read More
Overthinking Yourself to Underperformance
Before the open BHI was identified as one of our Top Five trading opportunities. Many of our traders focused on BHI on the open. Here’s why: a) BHI had earnings b) BHI gapped down c) BHI was below an important longer term technical level of 46 d) the buyers at 46 lost in the premarket I am sure some traders … Read More
One Good Trade: The Prequel
“You have to have an idea of what you are going to do, but it should be a vague idea.” Pablo Picasso SMB Capital started as just an idea. “Hey what if we focused on building an elite training program for new traders. The markets are much more complicated than when we began,” pitched a future co-founder. Then two experienced … Read More
Hearing, Trusting and Trading
Huge HT to @traderinterviews, the place to listen to profitable, experienced traders share market lessons, for sharing an important video on trust. More specifically on trusting your teammates. Or to us on trusting our trading teammates. Please watch below. Let’s walk through logically why it is so important as traders to develop the skill to gather trading ideas with your … Read More
Six and Half Hours of Fun!
SMB coined the term “intraday fundamentals”. It refers to the study of news patterns that provide us clues to how a stock may move intraday. The best of these patterns are the all-day trend plays, the result of news that’s so important that the stock may trend for the entire day, no matter how the overall market moves. And these … Read More
A ? 4 the Trading Community- Off-Season Improvement Plan?
We received this question from the trading community, which we will pose to our trading community for your comment: My question is about training during the off-season. The month of August is typically known as a slow month. As a result, next month (August 2010) I’m going to be away from my desk, I’m taking a trip down to the … Read More