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
Today’s Trading Highlights
Here are some quick highlights from today’s trading. In the AM meeting, Steve talked about the 208 resistance level that $SPY had failed to hold above numerous times. This was a level to be short from. With the overnight session looking calm and almost strong, this flew in the face of price action at the moment. The level held once again … 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
SMB meeting traders in Chicago
A quick note to share that I will be in Chicago Monday April 11 and 12 meeting traders. Our firm backs discretionary and automated traders, offering proprietary technology and assuming all capital trading risk. We trade stocks, options, futures and automated trading. SMB, in its JV with Kershner Trading Group, also teaches traders from scratch to consistently profitable, who fit … Read More
Turning a Bad Signal into a Winning Trade with the Right Strategy
Here is a case study in accumulating as many edges as possible to increase your risk adjusted returns. In the past, I have shared that most developing traders start by looking for the fastest way to make bigger profits. However in systems development we look for the highest risk adjusted returns. In this example trade, we are going to combine two … Read More
How a Real Trader Uses SMB TOOLS
As a subscriber to SMB real time, I found the tools in this package to be an important part of my trading preparation and day. Selecting stocks very in play use to take so much effort, the scanner has cut that time by 75% and eliminates researching the essentials such as volume, ATR, % float short…all that is on the … Read More
Greed Is Good? How to Handle It
One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is good”. Since greed and its first cousin fear still drive markets, it does serve a purpose in terms of creating … Read More
Trade Review: Using Volume on S&P 500 Scalp
Marc Principato, CMT explains how traders at SMB use our proprietary volume analysis tool to master scalp trades. This example shows an actual trade taken in the S&P futures, but can be applied to forex also. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions