If you become skilled at stop placements your win rate increases. It’s a skill that we teach traders on our desk but it is something that takes live trading experience to ingrain in a trader’s brain. Newb traders are all over the place in this area. You have some who will risk a few cents, which is awful in an … Read More
A Pro Responds To A New Trading Idea
Over the weekend Bella posted a new trading idea “I’m All In”. Here is the response from SMB Foundation alum and professional futures trader Bruss Bowman. I think his comment speaks for itself. Bella, Great thread. My personal trade log for the last month is full of entries around just this thought. One of the things that I’m looking at … Read More
Eliminating Myself From The Market
Whenever I write a piece like this a fear enters my mind that I will eventually “arb” myself out of the market. Today INFY had Very Large gap higher. Recently, I did a webinar that addressed this trading scenario from a day and swing trading perspective. I also posted this video on how to trade “Very Large Gaps”. My view … Read More
What a Star Fund Manager Can Teach Us About Improvement
Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a … Read More
What I Learned From The Best Trader at Citibank
In my senior year of college, I hit the jackpot. No, I didn’t win the lottery. I did even better– I got the job I wanted in the markets. Let me repeat: *the* job. Note: the lesson is that if I can do it, then anyone can! Ever since I was 14, I knew that I wanted to be a … Read More
Over Trading
STEVE- Good evening! I have been enjoying my trial membership to the “Stocks in Play” feature of SMB, and I am considering signing up for the In play/Radar/Chat side of things. I have thoroughly enjoyed the morning meeting’s, and have really appreciated the information put out there. I came to know of SMB largely by reading “One Good Trade”, and … Read More
Trading A VERY Large Gap–Trade Review $ANF
Steve Spencer reviews how to approach trading a very large gap in ANF. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
Spencer Trade Review–$GILD $DHI
Steve Spencer reviews trading opportunities in GILD and DHI from November 12th 2012. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions