If you asked me to search my e-mails and chats for the word most used to describe trading this month it would be: “frustrating”. One trader wrote in an end-of-day review, “Very frustrating day for me due to finishing this red after most of the ideas were working in the AM.” Another trader wrote in his Daily Report Card, “definitely feeling a … Read More
Why do you guys run an education company?
At SMB, our primary business is our proprietary trading desk. 85 percent of my energy and attention goes into the trading desk, our traders, and growing that business. But everyday, I do spend time on our education arm- SMBU. Recently, I had drinks with two partners of a proprietary trading desk in NYC and one asked, “Why do you guys … Read More
The education of a trader: growth mindset (video)
Hello Mike, I hope this email finds you well. My name is Rayner and I’m a proprietary trader based in Singapore. I have a website www.tradingwithrayner.com which I update regularly. I am a big fan of your work and especially the book you have written One Good Trade. This was the first and only book that opened my eyes into … Read More
The education of a trader: The PlayBook
mikebellafiore In my second book, The PlayBook, I advocate archiving a favorite setup from each trading session. After each close, choose a best setup from the session that fits your trading style. Reverse engineer the variables of that trade. Archive this trade in a comprehensive format, perhaps like the SMB PlayBook. As traders we should build from our strengths, … Read More
M21 e-book Download: Options Trading Education
The positive feedback for M21 training the last ten days has exceeded my expectations. The desire to understand how to identify changing market conditions so you can apply the best monthly strategy is strong. Today we take the training deeper and answer your top questions in my all new e-book. Tomorrow is the live training to tie it all … Read More
Create Your Forex Watch List And More With Raghee Horner
On Wednesday 10/3 at 4:30PM ET Raghee Horner, Chief Currency Analyst at IBFX and 15 year veteran will be sharing how she finds currency pairs worth watching for the trading day. This is what she refers to as her Forex Watch List. In addition, Ms. Horner is going to show us what tools she uses to confirm trends. This is … Read More
An Intraday Educational Foundation
At SMB we think carefully and obsessively about our core competencies. It all starts with providing an excellent trading education, an educational foundation for our intraday traders. Steve and I can really get into it about what is most important to be taught to our desk. Hey we have been friends since we were six. An outsider might find some … Read More
Yes, You Can
Last night’s speech by Sen. Obama inspired me as a trader. Now, this blog post isn’t meant to be a political statement, but as traders we are perpetual learners. We are individuals with a thirst for knowledge, which means we are able to learn from so many non-traders that we observe. So let’s talk about what we can learn from … Read More