I remember the interview. I meet hundreds of trading candidates every year during our firm’s hiring process. You remember the best ones. He was one of the best. There was a clarity of thought. There was a focus. There was a calmness. There was speed in his processing. There was a demonstrable interest in trading. I told him on the … Read More
Succeeding with your trading resolutions
It’s New Years Trading Resolution time. And many of you will outline grand plans. And that is excellent. Here is a suggestion to help you SUCCEED with your trading resolutions. You will find some of our well-intentioned resolutions difficult for you to make into habit. The three goals most will struggle with (me too) will be: 1) Journaling 2) Breathing … Read More
10 trading resolutions for you
Happy New Year! Here our ten trading resolutions I wish for you in 2016! 1. I will try to improve each day and stop trying to make money. 2. I will study my trading edge and build from my strengths. 3. I will improve my fitness as this impacts my trading PnL. 4. I will be grateful each day for … Read More
Questions to ask yourself after a trading loss
Yesterday I was trading a stock with a negative news catalyst that was below an important longer term technical support level and intraday VWAP, got short, and took a loss. I would make the trade again. After taking a loss consider whether you would take the trade again. Here are the questions I asked myself: 1) Did I have an … Read More
This is your trading business
We teach a class, SMB DNA, and a student asked this question about the chart above from this class: As you can see from the chart, after price broke above 238.40 and traded above it, price tested and rebounded from the level 4 times. It seems to me that this suggests the level is significant intraday as well. The 3rd … Read More
Not Losing is Winning Too
In our SMBU Daily Video, Mike Bellafiore shares an anecdote where he won by not losing. Developing traders often want to win and win everyday. Mike explains how you can win some trading sessions by not losing. Trade Well – SMBU Team *no relevant positions
What It Takes to Become a Good Trader
In our SMBU Daily Video, Mike Bellafiore answers what it takes to become a good trader. Good traders don’t make excuses Embrace the results of your trading Bad traders blame outside forces We hope this video helps you improve your trading skills. – SMBU Team *no relevant positions
What Typically Happens After a Market Selloff
In our SMBU Daily Video, Andrew digs through 10 years of market data to show you what typically happens after a sharp drop in price. We hope this video helps you improve your trading skills. – SMBU Team *no relevant positions