Do you ever think about a company and critique what they can do better? There are steps they could take to make themselves twenty percent better and you have found the path. We are clients to some who could do things better and we have the answers. But the question becomes what do you do with this information. And what I … Read More
Which is the Better Stock to Trade? (Part II)
Yesterday we asked which was the better stock to focus on into the close: RIMM or MOS. We asked readers to start at the 3:15PM mark and offer their opinions. This was a real life stock selection decision to be made into the close. Some of our guys were more focused on MOS or even V and not so much RIMM. … Read More
Traders Ask: Should I Have a Max Give-Back Rule?
Hey Bella, How is everything? I have a question for you. I have this one problem (amongst many others) that I am having a tough time overcoming. Whenever I make a few good trades on the open and I have a nice P&L for the day I sit there the rest of the day and force trades and give back … Read More
3…2…1…Live
I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor. — Henry David Thoreau Our June class will go live on Tuesday. Home of an interesting cast of characters like: 100 Push Ups, Everyone’s Best Friend, Iron Mike Mike, Trend Line, the Air Canada boys featuring 1000 Questions, The Staten Island … Read More
A ?4 the Trading Community- Should I Short?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
Old School Lessons from Mike Bellafiore
Mike Bellafiore, Partner at SMB Capital, and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading was featured in the recent issue of SFO Magazine. In his article, Old School Lessons For Mastering Today’s Markets, Bella discusses what it takes to become a great trader in today’s changing market. A must read for new traders! The … Read More
Your Win Rate
I received the following email from reader Ed: Hi Mike, I hope you’re doing great and all is well by you. I was wondering if I could run something past you if you don’t mind. I was the trader that Dr. Brett mentioned in his March 14 article, “the mistakes traders make.” I was wondering if you would mind telling … Read More