Hi Mike, I’m a developing trader with a full-time job. Fortunately, I live on the west coast which affords me the first two to three hours of the day and my entire evening(!) to devote to trading and studying, respectively. Unfortunately, the setups I have the most success with often develop too late in the morning for me to see them … Read More
Traders Ask: How do you play a breakout trade?
Hello Mike, An appreciative follower here. There’s this question that has been floating in my head. I’m reaching out to you for abetter answer. When do you pay for breakout plays out of a range or through a key resistance? Do you: 1. get in earlier at a better price anticipating the breakout 2. hit the offer as soon as the key … Read More
A trading day ruined
Ever go from having your best day ever to negative? Below is a recap of one such experience. Big Baby did a wonderful job of analyzing his trades from yesterday. He was frustrated that he went from his best day ever to negative. I thought we would share his post trade review. The only way to get better as … Read More
A time to get bigger in your position
Let’s talk about a way to get bigger in a set up from today. PSS offered an example of a time to get bigger. 16 was our level on our long term charts. PSS started to work and traded down into the 70 cents area. And then it popped back up near 16. You must get bigger into this pop. … Read More
How I would have started my prop firm differently
Mike, Firstly, I just wanted to thank you from the outset for your ongoing work and contribution to the trading community. I have read your book, I read your posts daily and I admire greatly the philosophy of your firm SMB Capital. Your firm really is the pioneer of trading education and skill development for prop traders. I hope you realize … Read More
Is Passion Enough?
First of all, I would like to thank all of you at SMB for the work you do and the content you provide. I have not found a better source out there for actionable, instructive lessons on trading, and God knows I have searched through a lot of content on the internet the past couple of years. I first learned about … Read More
Should we increase the tier size for this trader?
I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). To get bumped up a trader might reach out to a Senior Trader to receive the increase. This is a trader who does everything asked of him. This is his 6th live … Read More
The Future of Trader Education
Today we have launched SMB Options Training! SMB is actively teaming with awesome educators/traders in the options space, technical analysis, and swing trading. No one will be added to our team who is not actively trading. No trading program ever will be developed that does not incorporate our core teaching beliefs of training traders like elite performers. SMB Training will … Read More