Hi Mike, I’ve just read your book, One Good Trade and have to say it’s left me more motivated than ever to continue improving my trading skills. Currently, I trade futures for a newer prop firm in Western US. Trading is what I’ve always wanted to do; I saved money working as a waiter to start trading options in my … Read More
The DNA of Successful Trading
“Weaknesses don’t matter if you find solutions.” — Ray Dalio SMBU is launching a new educational opportunity for the trading community. It’s a new structured mentoring program called The DNA of Successful Trading! This is the brainchild of co-founder @sspencer_smb who thought the SMB Foundation, our flagship training program, and its demanding schedule of ten hours a day for 5 … Read More
Special Projects Returns
In The PlayBook I dedicate a chapter to the argument that pro traders should start early, even in college. One trader, Special Projects, and a review of his trade while interning at SMB, was highlighted as an example of starting early on your trading game. Trading is a skill, one that takes time to develop. You were not born a … Read More
We Want to Back Your Automated Trading Strategies
Hi Mike, I’ve been reading The PlayBook and saw a few mentions of SMB’s growth in the area of algorithmic trading. I am a programmer and have been working on some of my own trading algorithms. Right now I am building algorithms to work with (website redacted per request) but I’m finding some limitations with their platform (for example, it … Read More
Unleashing the Power of Professional Charting for Traders
Q: I’m getting ready for the DNA program. Going through what I have so far, I have two questions maybe you can advise me on: 1. Basic IT suggestions for hardware, RAM, processor, etc, for optimal performance off the computer to match what the SMB desk is doing. I’ve been using an Apple computer and now I (obviously) need to … Read More
I Am Worried About Dark Pools
RE: Should we be concerned with all of the volume being done on dark pools as retail traders? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. Here is a link to that … Read More
This is a Detailed Trading Plan
Q: How many pages is typical of a sufficient detailed trading plan? And how might one go about SIMPLIFYING to focus on what matters most? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. … Read More
Try Not To Do The Heavy Lifting in Trading
What I mean by this title is that once buyers (or sellers) have become committed to a move in a stock, there tends to be a general “bandwagon effect” as more and more people believe in a general change in trend, either to the long or short side. Let the big guys with much more money than you and me … Read More