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Finding Repeatable Patterns
After the close we discussed some plays from Stocks In Play yesterday. When we look at a stock we search for patterns. Patterns that repeat. Patterns that make sense to us. Patterns that we can work at...
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“NAV Again?”
Yes. As long as a stock is offering excellent risk/reward setups over and over I will keep talking about it. And for those of you who don’t know me personally it is not in my nature to repeat myself. I...
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One Good Trading Day
I received this Daily Review yesterday from one of our traders. I highlight in this blog because it represents One Good Trading day. If you get as much as this trader during each trading day you will...
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Are you guilty of Negative Self Talk?
I received this Daily Trading Review from one of our traders. It highlights the importance of learning to combat Negative Self Talk. I am an (expletive deleted). I had a comeback going, at 2:20pm I...
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Stopped Out!
I was writing this before the close because I stopped trading and I walked out to clear my head. After I came back and saw how FB and GRPN traded into the close I am very upset with the way I handled...
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The Pro’s Process – Mike Bellafiore
Richard Chignell from Embrace the Trade on the fourth of his series of posts has been asking Pro Traders about their psychological processes. From Mr. Chignell: The fourth in my series of posts asking...
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One day on the street with a professional trader
In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell,...
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I felt a rip coming
I caught a scalp for the first downmove in DSW. I caught the upmove from above 52.12 to near 53. And I caught the downmove from below 52.50 to 51.65. I looked at my PnL and I was barely positive....
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SMB Scanner Overview
Scanner This tool combines multiple sources of information to quickly identify stocks that likely to be in play during the trading session Click here for more information
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Gameplan review – June 18th, 2012
Steve reviews how these pre-market ideas played out today. DSW, BKS, UNG, FB, NFLX, NAV Game Plan Review June 18th Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded...
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Free Options Webinar: SMB’s Options Tribe: Today,June 19 2012 at 5pm EDT:May...
Today June 19, 2012 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members...
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Traders Ask- What is a competitive trader?
Question: I hear a lot about the value of a competitiveness in trading success. Analogies are made with the striving for peak performance seen in athletes and entrepreneurs. One thing about this...
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Trade Execution
Hey Mike, I had a quick question with regard to order execution style and what orders you use. I know that on our keyboard, we have presets for ARCABidTier and ARCAOfferTier that are limit orders and...
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Yesterday’s Option tribe:May and June Bearish Butterfly Strategies.
May and June Bearish Butterfly Strategies – 06.19.12 from SMB on Vimeo. SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of...
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The Truth About Our Economy
It has been almost 4 years since the US fell into the Great Recession and we have yet to see a strong recovery. One of the after-effects of the Great Recession has been the increased attentiveness to...
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Free Options Webinar: SMB’s Options Tribe: Wednesday,June 27 2012 at 5pm...
Wednesday June 27, 2012 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members...
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Tape Reading Was Money For This Play
On Thursday I was short MCP because it was trading below its two day support of 22.20. The market was having a trend down day and I was very comfortable holding the position until the close. But then...
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You Got Me $APOL
I lost money trading APOL today. During my post trade review it became apparent to me that even with a few tweeks I still would have lost money day trading it. Sometimes stocks do not behave well....
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Free Options Webinar: SMB’s Options Tribe: Today,June 27 2012 at 5pm EDT:...
Today June 27, 2012 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members...
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The Trade That Never Happened
This morning I was reviewing Tuesday’s price action in APOL and found a long setup that I liked. On Tuesday while trading APOL I became somewhat enamored with the 35 level as it worked twice for me...
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