Yesterday a 30 year market veteran, who has been a part of our trading community for years, stopped by to visit. He has been struggling with his trading and felt something was just missing. He wasn’t sure exactly what. His visit and our discussion about his struggles became so interesting to me. This retail, developing trader was struggling with the … Read More
SMB at The TradersExpo New York 2017
SMB will present at The TradersExpo New York 2017. You can sign up to ATTEND FREE. Mike Bellafiore will present February 27: Seth Freudberg, who runs our Options Desk, will present as well. Last year Mike presented and then stuck around to answer questions. We hope to see you at The TradersExpo NYC 2017. *no relevant positions
Taking your trading to the next level
In a daily trader review or monthly trader review, often I find the words: “to take my trading to the next level.” Traders wish to take their trading to the next level. It’s almost like we could start a cult: Next Level Trading. The desire is there for most traders. The question is the how. Most traders focus on trading … Read More
5 Lessons from the Prop Desk
I was grateful to be asked by my friend, JC Parets (@allstarcharts), to present at Chart Summitt 2017. My mandate? Share 5 lessons from the prop desk. As always, I love to include anecdotes from traders succeeding on our desk to teach. And I did so again here in this online presentation. My 5 lessons from the prop desk were: … Read More
Fail, Win, and Then Fail Some More: The Path to Becoming a Winning Trader
Part II of our training program on our prop desk in NYC is Trader Development. There is a lot of necessary and wonderful failing that goes on during Trader Development. During this process traders experiment with different setups that we highlight. There are trading strategies worth exploration that active traders use to win. We continually point them out daily during … Read More
I like this trading pattern in Mattel ($MAT)
I like this trading pattern in $MAT: a) stock gapping down b) stock with a negative news catalyst c) fight on the tape where the seller wins d) holding below VWAP e) no longer term technical support in sight f) staircase stepping down visually on our charts g) hold short for a real move We have this pattern today in … Read More
Exploring a Newly Stressed Trading Strategy on the Prop Desk
A tight wedge pattern for Stocks In Play is favorite trading strategy newly stressed on our proprietary trading desk. Two chart examples of this trading pattern were seen just yesterday with ATI: and CSX: I prefer when these wedge patterns appear in a Stock In Play- something with a news catalyst behind it. Breakouts from these wedge patterns work best … Read More
Transitioning from a Floundering Retail Trader to a Profitable Pro Trader
SMB’s main business is a prop trading desk in NYC. We partner with The Kershner Trading Group, who offers the best technology suite in our space and massive buying power, to run this business. Historically, even before Wall Street Warriors and One Good Trade and The PlayBook, SMB’s competitive advantage has been training traders from new to consistently profitably and … Read More