Bella, I have a question regarding last Tuesday’s session on October 8. I don’t attend Tuesday’s sessions live due to me being tired and the time zone difference. Anyway my question is: You mentioned that traders should seek other than off the shelf platforms in order for them to make more than they consistently do, assuming that they are doing … Read More
SMB Capital and Kershner Trading Group: A Powerful Partnership
April 24, 2013, NEW YORK, NY—SMB Capital, a leading proprietary trading desk based in Manhattan, and Kershner Trading Group (Austin, Texas and now New York City), have teamed up to create a joint venture for a new trading office in Midtown Manhattan. The JV offers traders a true trading partner, where the firm provides technology with an edge, large trading … Read More
A Note to Traders on the Absence of Liquidity
SMB Traders, The last two trading days have been the worst liquidity I have ever seen. Obviously the huffiness on the desk is high. IMO is should be. I have not been this mad on a desk in three years myself trading this ridiculous market. The market is broken. And some of these moves are absurd. Having said that GMan was still … Read More
Traders Ask: What is a Competitive Trader?
Question: I hear a lot about the value of a competitiveness in trading success. Analogies are made with the striving for peak performance seen in athletes and entrepreneurs. One thing about this puzzles me, and I’d appreciate the thoughts of others with more experience and success. When I trade I am trying to get better: to make good trades and, inhibit … Read More
One day on the street with a professional trader
In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: … Read More
Are you guilty of Negative Self Talk?
I received this Daily Trading Review from one of our traders. It highlights the importance of learning to combat Negative Self Talk. I am an (expletive deleted). I had a comeback going, at 2:20pm I was down $23 after being down all day.I was calm and selective and thoughtful all mid day and into the 2:30 hour. I lost $250 … Read More
Finding Repeatable Patterns
After the close we discussed some plays from Stocks In Play yesterday. When we look at a stock we search for patterns. Patterns that repeat. Patterns that make sense to us. Patterns that we can work at to master. So for these three stocks we are making risk/reward trades with the patterns we see. We have a full playbook of … Read More
A 2 Day VWAP Trade (CNC)
During a daily review an SMB Trader wrote this about his trading in CNC: CNC pulled back to 2 day VWAP and break out area from yesterday. Waited for break in intraday downtrend to get into this stock. When it began to hold above .70 I was up to 1,200 shares from .72. Was waiting for the push through .80 … Read More