Steve Spencer, partner at SMB Capital, was cited yesterday in an article on TheStreet.com about the strength in HOG. You can read the full article here. Don’t forget to follow us on Twitter!
One Good Trade: Inside the Highly Competitive World of Proprietary Trading
Thank you all for your suggestions for my book title. There is so much more that goes into writing a book than writing the book. Choosing the best title is one such example. BTW if anyone has not figured out my title yet see the blog title above. The working title had been The Way of the Prop Trader: Tools … Read More
One Good Trade
We evaluate our trading at SMB on the process. If you focus on the process instead of the result in any endeavor in life your chances at success are much greater. Too often people focus on the results. When you confuse a good outcome with good work you are bound to form bad habits that will harm you in the … Read More
Got Ran Over for Being a Stubborn Monkey
Today I made I mistake I rarely make – I let my bias take over my trading. I came in with a small overnight short in MGM and in AIG. Both showed huge relative weakness yesterday and both were working great in premarket with the gap down. The plan was simple, I would add to the positions once below important … Read More
SMB on CNBC’s FINAL CALL
Jeff Tomasulo, senior trader at SMB Capital, appeared today on CNBC’s Final Call. Watch the clip below and leave your comments on this blog. Don’t forget to follow us on twitter.
Letting an IPO Run
“Bella I cut too early.” “Damn I cannot believe I sold that FSLR a point ago.” “I am such a wuss FSLR ran 3 points after I sold it.” I heard all of these statements on my prop desk today. Selling early is a constant struggle for all of us. One position that I let run is an IPO holding … Read More
Choosing a Book Title
I am now at the end of the process for my trading book with Wiley. My book discusses why traders fail and succeed as prop traders. It offers an inside looking into the highly competitive world of proprietary trading. I share what the market has taught me over the past twelve years. I introduce characters, traders some who have … Read More
“Help Me Help You”
One of the amazing benefits of being part of a prop desk is that we all make more money individually by sharing ideas. Important levels are shared via call outs on the desk, via our intraday alerts software, during video review sessions (VRS), and during our Stocks In Play call before the Open. It’s a constant battle to get those … Read More
