Let’s say you want to buy a stock for a trade because it had excellent earnings and think it will trade higher. But you are not sure how to buy it. You fear buying too high and then getting stopped out. Your fear buying too high and the stock tanking. You want to start buying these stocks at better prices … Read More
How to achieve your trading goals
This is a guest post from Joseph Gelb (Princeton ’20), SMB Capital- Summer Intern 2018 Jason Graystone, of Tier One Trading, recently interviewed SMB Capital Co-Founder Mike Bellafiore in this video. Topics of Discussion: What do seven-figure traders have in common that Mike mentors/coaches at SMB and outside the firm? What formula does Mike observe that the best traders at … Read More
An idea to improve your trading network and trading
I work with a strong trader, outside of SMB, who needed some help with one area of trading. I recognized the area where this trader could improve and pointed it out. What happened next can help all of our trading. While I certainly could have gone into how this strong trader could improve in this one area, I thought of … Read More
How do I get hired as a trader?
Hi Mike! Firstly – a big thanks for all you do to give back to the trading community. Your books, videos, and podcast appearances have been a great inspiration and also awesome learning opportunities. A bit of background, I have been trading full time for the past 3 years, at a prop firm and hedge fund (edited). In March, this … Read More
This trader’s trading solution is right in front of him
A trader wrote to me and asked……. In the months of May, June, & July I truly found some traction with my intra-day setups, and my consistency, win-rates, execution, and sizing were all improving. Most days, I would average-out anywhere from $1k-$2k+ of profits, typically within the first hour of the session using a trade I have tagged the Open … Read More
Weekend learning for traders from SMB – August 18, 2018
Here are the top learning links from us this week. We hope they help your trading. 3 trade examples using our most effective trading indicator- Reading the Tape Why do stocks completely reverse on Day 2 How to think about Reading the Tape This trader wants it all and wants it now Two different paths to improved trading consistency How … Read More
This trader wants it all and wants it now
Hi Mike, I hope you are doing well. I am reaching out to you because I am struggling a bit, having kind of a rough month so far. After having brought my monthly p/l back to break-even on good momentum the day before yesterday, I had a ytd top 3 loss yesterday: 1.5% of my trading equity or ~23k €. … Read More