I am one of the subscribers to the new SMB DNA program. I missed your mentoring session yesterday, but I just watched the recording and was wondering if you could answer one question for me. I just also wanted to say that I read both of your books not too long ago and thought they were the best books on … Read More
Enhancing Performance With Bias Awareness
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. SMBU thought a Sunday Links post from him would be of interest to the SMB Trading Community. Below is his first for you. We hope you enjoy!******* Editor’s note A cognitive bias is ever present … Read More
From Paper Trading to Live: Time to Turn the Lights On
I’ve been mostly daytrading for couple of years with not very impressive results. The last few months I decided only to paper trade and the results are pretty good. The problem is that I’ve done this before (trying to transition from successful paper to real trading) with disappointing outcome. That’s why I’m not that confident that this time it will … Read More
Be in Your Right Trading Culture
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
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