Before the Open I asked SMB Trader CST, “What are you looking at?” “I am thinking of trading DNDN Bella. I am looking for an opening drive.” I checked briefing.com: Dendreon: Provenge launch is on track The market reacted positively to this news as DNDN was gapping up. On our long term charts 37.50 and 40 were the next important … Read More
Overthinking Yourself to Underperformance
Before the open BHI was identified as one of our Top Five trading opportunities. Many of our traders focused on BHI on the open. Here’s why: a) BHI had earnings b) BHI gapped down c) BHI was below an important longer term technical level of 46 d) the buyers at 46 lost in the premarket I am sure some traders … Read More
One Good Trade: The Prequel
“You have to have an idea of what you are going to do, but it should be a vague idea.” Pablo Picasso SMB Capital started as just an idea. “Hey what if we focused on building an elite training program for new traders. The markets are much more complicated than when we began,” pitched a future co-founder. Then two experienced … Read More
Hearing, Trusting and Trading
Huge HT to @traderinterviews, the place to listen to profitable, experienced traders share market lessons, for sharing an important video on trust. More specifically on trusting your teammates. Or to us on trusting our trading teammates. Please watch below. Let’s walk through logically why it is so important as traders to develop the skill to gather trading ideas with your … Read More
Six and Half Hours of Fun!
SMB coined the term “intraday fundamentals”. It refers to the study of news patterns that provide us clues to how a stock may move intraday. The best of these patterns are the all-day trend plays, the result of news that’s so important that the stock may trend for the entire day, no matter how the overall market moves. And these … Read More
A ? 4 the Trading Community- Off-Season Improvement Plan?
We received this question from the trading community, which we will pose to our trading community for your comment: My question is about training during the off-season. The month of August is typically known as a slow month. As a result, next month (August 2010) I’m going to be away from my desk, I’m taking a trip down to the … Read More
Was it Really Your Level? Really?
After the Open we meet with our new class and ask them to share a good trade from the open. There was a lot of I bought at this important level and the stock only went up from there. Was it really the level? So the first Newb saunters up to our 65inch flat screen which displays our charts, announces … Read More
SMB Trade of the Week- Bearish Momentum Trade (VPRT)
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders (all?) we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share a Bearish Momentum Trade that we made in … Read More