The Third Week of More Mindful Trading In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The first two posts in the series can be found here: Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading To bring new readers up to speed, here is a brief refresher on mindfulness. … Read More
Enhancing Trader Performance: The tendency to twaddle
If you have nothing to say, say nothing. – Mark Twain Have you ever been on the receiving end of a conversation or listened to an explanation and thought, “what the heck did he just say?” Or have you read something and had to reread something several times to figure out its meaning? If you have it is usually not because … Read More
Sexy Cool Trading
In this video I discuss: The first question I ask traders who we interview for the desk Why certain stocks and setups are not suitable for novice traders How to use longer term levels to define risk for a setup Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
The Three-Step Process For a Trader or Investor
**This is the third in a series of posts from Bruce Bower related to “Peak Performance” the topic of his new book that SMB U will be releasing April 20th** By Bruce Bower When investing or trading, we obviously all want to be a success. We get in to the markets because we want to make money, to have a good retirement, and … Read More
What Does A Winning Methodology Look Like?
**This is the first in a series of posts from Bruce Bower related to “Peak Performance” the topic of his new book that SMB U will be releasing April 20th** **SMB will be hosting a free webinar on April 13th in which Bruce will discuss in depth the concept of “Peak Performance” and how it can be applied by all successful traders … Read More
Trading After A Market Correction
In the Spring of 2014 both the biotech sector and momentum stocks were hammered during an eight week period. I have developed a set of criteria to identify when this sort of market correction has likely run its course. If you are able to develop a system to identify when a major market turn is close then you are more likely to capitalize on … Read More
Enhancing Trader Performance: Overcoming The Fear of Missing Out
We’ve all been there. In fact, it probably happened some time this past week. We scan our stocks list and find several stocks that experienced big moves without us. We then feel like we’ve missed something. Ah. The fear of missing out which is really the fear of looking stupid. It is easy to see after the fact. To make … Read More
What Is “Price Action” Confirmation?
I wanted to share a few trades that I executed this morning based on setups discussed in our AM Meeting. Two of the three trades were executed using programmable “scripts” to make it easier for me to manage many positions simultaneously. Once these positions are opened I can trade out of them manually or allow the scripts to continue to … Read More