Dear Mr. Bellafiore, Thank you for writing The Playbook! Before I continue my thanks and gratitude, I promised myself that this would not be a ‘Dear Oprah, save me letter.’ But on a serious note, it is hard to hold back my sincere appreciation for your advice and guidance in The Playbook. I am not your typical recruit. Most would … Read More
Mastering Trade Execution: Unlocking VWAP and Independent Order Flow Principles
During our SMB Midday Recap Bella taught: 1) A trading execution principle for stocks that break out. 2) How to make a second-day VWAP support play in $CAT by doing the exact opposite of what he did. 3) An example of the best stocks to trade for intraday traders—those with independent order flow. $FIO was used as an example of a … Read More
LS Trades Reviews The PlayBook
Liquid Snake, aka Sebastien Salois, is a former professional basketball player and financial security advisor who runs a Web site called LS Trades. Recently, he wrote a terrific review of The PlayBook, and we’ve pasted it here in full. We thought you might enjoy it. —- READ THIS BOOK. In anything where there’s a huge demand and interest for knowledge, … Read More
Why We Started SMB
Mike, I’ve just started your book One Good Trade, and I love it. My question is why start a prop firm if you and Steve are the best traders and it is all your money? Can’t you just scale up your trades? I trade my own money and was thinking about starting a prop firm, but then I think: 1. … Read More
Use Your Emotions to Make Better Trading Decisions: SMB Midday Meeting with Denise Shull (October 21, 2013)
Denise Shull, author of Market Mind Games, was our guest speaker today during our Midday Meeting at SMB. Denise discussed: 1) How traders should learn to use emotions to make better trading decisions 2) Why most trader psychology advice gets it wrong by teaching you not to feel emotions 3) The reason why some traders have a need to be … Read More
Trading After the Debt Ceiling is Raised (Video)
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a trend 3) Short the news 4) Fade a quick up move As a trading partner it … Read More
The Eight Principles of Elite Traders
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note Charles Garfield, the author of the 1984 classic, Peak Performance: Mental Training Techniques of the World’s … Read More
The Single Most Valuable 15 Minutes of Trading Education (Video)
Mike, I had to send this email out right away after you posted your session on how you lost on $FB. For me, this was the single most valuable 15 minutes that I have spent on trading education. Why? For me, getting bigger, pressing, and holding are the biggest obstacles for me to get to the next level. As background, … Read More