Invest in your trading business! One constant theme on our trading desk is encouraging traders to invest in themselves. One 500k-a-year trader on our desk didn’t want to spend $190 a month on an options platform that could make him an extra 50-100k a year. When we laid out these numbers he quickly realized this folly. Recently I encouraged 8 … Read More
A lesson on trading bigger
Our firm made a large trade this month in a stock overbought. I was waiting and waiting and waiting for one of our senior traders to close his trade and offer congratulations. The trade kept working and working and working so it took him days to finally close out. The discussion afterwards proves constructive to those seeking to trade … Read More
Trading Insights on Weight Watchers, McDonald’s, SPY, and American Express
Mike Bellafiore was interviewed for Benzinga Premarket Prep this week. He gave his trading thoughts on Weight Watchers, McDonald’s, SPY, American Express, MMM, ACAT, CTXS. Here is what you can learn as a trader from this discussion: The reversal trade in WTW that Mike and SMB made and he is asked about in detail The key level to watch in … Read More
Spencer named as a must follow in finance on Twitter
Steve Spencer, AGAIN, was recently named a must follow in finance on Twitter. Congratulations Steve and the SMB Capital trading community. Here is what Business Insider had to say about Steve: See more of our friends who were named here. *no relevant positions
30 Trading Habits in 30 Days
Over the next month I will offer a peak into the highly competitive world of proprietary trading to give readers a taste of the daily work of a professional trader. I will share 30 trading habits in 30 days. My hope is that this will give you some ideas on habits to add to your trading. Before we begin let … Read More
SMB College Tour
As I write I’m heading back on Amtrak to NYC, completing our fall recruiting trips. I’ve been pretty sick the past week and I’m sure that those around me are hoping I get off at the next stop. Sorry, I am not. It’s another two hours with me. Just took another swig of NyQuil, so that should help. On my … Read More
The Rise of College Traders
SMB has five traders for our June class who already have proven active-trading records in college. We get emails from guys making serious money consistently and yet are in college. I have never seen this before. Do you see how many awesome blogs are out there written by college traders? I wrote an article recently about the thirst for trading education … Read More
This Trader is Ready to Trade Live
Bella, I am a huge fan of One Good Trade. Currently, I am wrapping up The Playbook. My friend and mentor put me onto One Good Trade after I had expressed interest several months ago in trading, and I have fallen in love with the profession. My desire is to become an intraday trader, but I want to go about … Read More