In the forex world, there are many educators. Some are very well known, well funded, offer nice presentations and charge a lot of money for training. Then there are the lesser known, maybe less produced traders who offer their wisdom, tools and techniques for much lower prices. Then of course like in any other business you have outright marketers who … Read More
How do I re-enter after a winning trade?
Hey Mike, How are you doing? How is the progress of your new book (‘One good playbook?’)? Haha. I am looking forward to read it already. I am currently ‘live’ for about a month now, and my results are inconsistent thus far. I have some questions for you. I realised i have a problem when doing a trend play, and i … Read More
Are You A Conventional Trader?
As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within … Read More
Proper position sizing for your trading
Bella, I want to start off by thanking you for all of the material you present through your blog and your book. I look forward to your next book, I already have it pre-ordered on Amazon. I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago. I started … Read More
Where and How to Buy KBH
So KBH outperformed the market yesterday. There were many tweets on @stocktwits asking where and how to buy. This chart below gives you an entry to consider. It was produced by an SMB Trader and sent to his desk with the simple message: ” add this picture to your playbook. memorize this pattern. KBH @ 14.28.” We call this a … Read More
Do not miss 2nd Day Plays
During a midday Tradecast I said, “You do not want to miss 2nd Day Plays.” These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The … Read More
The Opportunity for a Prop Trader
@DynamicHedge wrote a must-read piece recently that went viral, “Letters to a Young Trader”, in which along with buckets of awesome advice he also asserted prop trading shops are dying. This is true. But this is not the same as prop trading is dead and/or ALL prop shops are dying. That would not be correct. The author never stated this but … Read More
The Opening Drive Play (UA)
I was watching UA on the open and I wanted to write up this drive because I feel like I’m a bit more comfortable with the slower setups in a trending environment. On the open the timing windows are shorter, the price movements are more whippy, and at the moment it’s generally more difficult for me to control my risk … Read More