Each day our firm broadcasts an AM meeting to cover the best opportunities that we see in the market. This meeting occurs in the minutes prior to the opening bell. What you don’t see in this meeting are the countless hours of preparation from earlier that morning and the night before. The traders at our firm work tirelessly each day … Read More
What it Takes to Go Live at Our Firm
SMB receives approximately 5,000 applications each year to trade for the firm. As you can imagine, it’s nearly a full time job to sort through 400+ new applications each month. Of the thousands that apply each year, the net acquisition of new traders that go live with the firm is less than 50. That’s right… Less than 1% of applicants … Read More
SMB College Tour
As I write I’m heading back on Amtrak to NYC, completing our fall recruiting trips. I’ve been pretty sick the past week and I’m sure that those around me are hoping I get off at the next stop. Sorry, I am not. It’s another two hours with me. Just took another swig of NyQuil, so that should help. On my … Read More
The Fifth Step to Systems Success: Frequency
Our fifth of seven steps for building, testing, and following a system is to understand the frequency of the system. Higher frequency increases profit potential, but it also reduces reliability. The two primary downsides of higher frequency are 1) transaction costs and 2) execution assumptions. In back testing you can assume buying every bid and selling every offer. But this … Read More
Webinar: The Future of Trading By Mike Bellafiore with BigMikeTrading
Below is a webinar on The Future of Trading with Mike Bellafiore, author of The PlayBook and One Good Trade, presenting to the BigMikeTrading community. Mike discusses: * How pro traders are crystallizing their favorite setups * How pro traders are expressing their favorite setups in other products * How pro traders are becoming more bionic and leveraging the power … Read More
The Future of Trading Presented by Mike Bellafiore
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Today: Webinar with Mike Bellafiore and Mike from BigMikeTrading.com
Join us for a special Webinar, “The Future of Trading: The Multi-market, Multi-product, Discretionary, Quant Trader”, with Mike Bellafiore and Mike from BigMikeTrading.com today, Tuesday, November 12 at 4:30pm ET. The topics of discussion are: * How pro traders are crystallizing their favorite setups * How pro traders are expressing their favorite setups in other products * How pro traders … Read More
The Reality of Trading
I thought today was probably my worst trading day of the year. It wasn’t about losing thousands of dollars. It was about my performance relative to the setups I had outlined prior to the market open and the ones identified intra-day. The largest error was in my $TSLA trading which I will outline below. I was in two other stocks … Read More