Hey Mike, How are you doing? How is the progress of your new book (‘One good playbook?’)? Haha. I am looking forward to read it already. I am currently ‘live’ for about a month now, and my results are inconsistent thus far. I have some questions for you. I realised i have a problem when doing a trend play, and i … Read More
Proper position sizing for your trading
Bella, I want to start off by thanking you for all of the material you present through your blog and your book. I look forward to your next book, I already have it pre-ordered on Amazon. I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago. I started … Read More
Where and How to Buy KBH
So KBH outperformed the market yesterday. There were many tweets on @stocktwits asking where and how to buy. This chart below gives you an entry to consider. It was produced by an SMB Trader and sent to his desk with the simple message: ” add this picture to your playbook. memorize this pattern. KBH @ 14.28.” We call this a … Read More
Do not miss 2nd Day Plays
During a midday Tradecast I said, “You do not want to miss 2nd Day Plays.” These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The … Read More
A Waste of Screen time
Screen time helps a trader build intuition and experience. That voice in your head that knows when to buy or sell without sometimes being able to verbalize why is intuition. But screen time alone is not sufficient. You need the right kind of screen time. Today after the close we held an SMB Tradecast. This is where a trader presents … Read More
Man vs black box – who’s winning?
Mike Bellafiore, author of the “trading classic” One Good Trade, shares his views on black boxes and what you can do to compete in the marketplace and adjust your trading around those programs.
A Note to Traders on the Absence of Liquidity
SMB Traders, The last two trading days have been the worst liquidity I have ever seen. Obviously the huffiness on the desk is high. IMO is should be. I have not been this mad on a desk in three years myself trading this ridiculous market. The market is broken. And some of these moves are absurd. Having said that GMan was still … Read More
The Opportunity for a Prop Trader
@DynamicHedge wrote a must-read piece recently that went viral, “Letters to a Young Trader”, in which along with buckets of awesome advice he also asserted prop trading shops are dying. This is true. But this is not the same as prop trading is dead and/or ALL prop shops are dying. That would not be correct. The author never stated this but … Read More