One of our traders wrote this in his trade review last night. It helps us highlight an important teaching point about trading. Daily Review: Overall a decent day but I do get frustrated too much. I get most frustrated when I have the right ideas but fail to capitalize on them whether it is from getting a poor price or … Read More
10 Tips For When You First Go Live
Hey Bella, This is [name deleted]. I was in the summer training program at SMB. I’m going live tomorrow and was wondering if you could give me some basic tips for me to think about. I’ve been following SMB on Real Time, watching the morning meetings, and training every day since the summer on the ThinkorSwim simulation platform. I know how different … Read More
How Are You Improving Each Day as a Trader?
Before the Open we hold an SMB AM Meeting to discuss the most promising stock patterns of the day. During the intraday we share the best stock patterns with our desk with SMB Real Time. The SMB Radar is a tool we built that scans for our favorite stock patterns. During the midday we discuss trade patterns with our new … Read More
S&P 500 Where is the Top?
The S&P has recently come off all time highs. What bullish and/or bearish scenarios are possible this week? — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
How Focusing on Doing the Right Thing Helped This Trader
As a trader our job is to do the right thing. Below is an example of a developing trader who saw improvement by embracing this mindset. Bella, Since today was the last trading day of the month, I decided to briefly explain my progress during October. I took a lot of notes during this month, and found some bad habits … Read More
How Do You Add To Your Trade?
Our trainee Petr shares a trade he took in GBP/USD. Great example of how to add to a position. Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Trade Review: $FTNT, $TKR, and $BA
*****Editor’s note: Here’s the latest post by Jake Huska, who is a college student working on his trading game.***** With earnings right near their peak, there have been many opportunities for the intraday trader. Earnings season will start to wind down in the next two weeks, so enjoy the increased volatility in individual stocks while it lasts. In this post … Read More
Trading: It’s About Context
Before I get into the topic of context in trading, I want to make sure you know about the great resources available to you. You can learn a great deal about our methodology and concepts from the educational videos that I produce on my Youtube channel. As I coach less experienced traders through our methodology, a big part of my … Read More