In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about being relaxed in your trading using $KORS as an example. Highlights from this trade: Growth stocks need to perform very well to keep their tile as best in breed. Softening talk occurred in $KORS, but it kept holding higher. This changed the … Read More
SMBU Trading Tip: Lessons From the Multiple Thousand Dollar Trading Loss
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about how one trader ripped up over three thousand dollars in a Reversal Trade. He still thought it was a good trade! Highlights from this trade: The trader was aggressive where he should have been. The trader had an edge with this setup. … Read More
SMBU Trading Tip of the Week ($WWE)
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about finding a signal to get bigger in $WWE. Highlights from this trade: 1) Your position size should increase as new data confirming your trade appears 2) Use VWAP to add size to your trade 3) Learn the signal that alerted Bella … Read More
SMBU Trading Tip of the Day ($VSI)
In this SMBU Trading Tip of the Day, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about the importance of execution with an example in Vitamin Shoppe (stock symbol $VSI). Highlights from this trade: 1) You can turn a very good trade into a losing trade with poor execution. 2) Trading is a skill. 3) Market “calls” are … Read More
What I learned from my summer internship at SMB
A guest post from one of our summer interns, Chan, practicing his trading skills on the demo while back in school. I interned at SMB this summer and left with a lot of information and skills. I was taught a lot of things, I learned how to read the tape, the psychology of trading, how to control my emotions while … Read More
Bidding, Offering, or Sweeping
The most difficult thing for us to teach is when to bid and offer or sweep. To sweep means to pay the offer and potentially through the offer if you want to get long. I set my sweep key to pay the offer or through the offer by up to three cents. This is a matter of preference. Some traders … Read More
System Writing Without Trading Skills
Every now and then we receive emails from new traders seeking capital to trade their systems. Their academic backgrounds are impressive. They all have worked very hard at fine tuning their strategy based on historical data. They tend to be avid technical analysis students. Most have crunched statistics on their systems to support their claims. However, most lack the trading … Read More