Hello Mike, An appreciative follower here. There’s this question that has been floating in my head. I’m reaching out to you for abetter answer. When do you pay for breakout plays out of a range or through a key resistance? Do you: 1. get in earlier at a better price anticipating the breakout 2. hit the offer as soon as the key … Read More
A trading day ruined
Ever go from having your best day ever to negative? Below is a recap of one such experience. Big Baby did a wonderful job of analyzing his trades from yesterday. He was frustrated that he went from his best day ever to negative. I thought we would share his post trade review. The only way to get better as … Read More
Should we increase the tier size for this trader?
I received an email from a new trader asking for input on whether to increase his max tier size (how many shares he can trade per position). To get bumped up a trader might reach out to a Senior Trader to receive the increase. This is a trader who does everything asked of him. This is his 6th live … Read More
Katz’s Corner: How Do I Pull the Trigger?
I sent this question from an SMB reader to Dr. Jonathan F. Katz, performance coach, at High Performance Associates. —– I’m sending this message as I am in need of help with regard to a specific issue that I’m currently experiencing. I have studied the market vigorously every day for the past two years. I’ve read and studied many books … Read More
The Future of Trader Education
Today we have launched SMB Options Training! SMB is actively teaming with awesome educators/traders in the options space, technical analysis, and swing trading. No one will be added to our team who is not actively trading. No trading program ever will be developed that does not incorporate our core teaching beliefs of training traders like elite performers. SMB Training will … Read More
Traders Ask: How Do You Handle the Daily Stress of Trading?
Hi mike In your book and in many of your posts and lectures you compering a day trader to a professional athlete. because of the need of showing perfect performance in each game/match/contest and you are right of course. But i think there is also a big difference. Most professional athletes have to compete for a few days a month at … Read More
Traders Ask: About that SYY Trade
Hi Mike, I just read your blog post on the SYY trade you guys made the other day. It was basically a play for an opening drivethat you wanted to add to your traders’ playbook. Just a quick couple of questions, if you don’t mind: 1) Would you be more aggressive if you see the bid hold at 30.63, drop, … Read More
Trade the Trade
A trader sent me this review of his work of yesterday: I made ~$250-300 right on the open which I was fairly happy with considering the stock I was trading didn’t move exactly how I wanted it to. I was trading actively, controlling my risk and in the trades I needed to be in. Most importantly, I was involved. None … Read More