SMB Forex: Technical Perspective Quoted in Reuters Today
Marc Principato, director of SMB Forex Trading And Education in New York, was quoted in Reuters today for technical insight on the recent Euro activity. Read more and check out the article here:...
View ArticleDoes the 10,000 Hour Rule Apply to Trading?
It takes purposeful practice AND 10,000 hours to become great at anything, says this latest blog from Barking Up the Wrong Tree. I write about one way to practice purposefully in my next book The...
View ArticleDo you have a news edge?
Last night I had dinner with Ravee Mehta, author of The Emotionally Intelligent Investor and former hedge fund trader at Soros Fund Management, hoping to learn more about getting a real news edge while...
View ArticleThe Misunderstanding of the Conviction Trade
"I am going to stay in this until I am proven wrong. This is a Conviction Trade." Things heard on a prop trading desk, from a retail trader, at a macro hedge fund, on the Financial Media Entertainment...
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An Exit Strategy to Add to Your Trading (Reasons2Sell)
Traders often struggle with when to sell a winning position. They sell too early and they regret as the stock trades 3 points higher. They do not sell and the stock gives back all of the trader's...
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It Was Fun While It Lasted
Two weeks ago while on vacation I wrote this market related post wondering if the most recent down move would lead to a higher level of market volatility or simply retrace and be back to business as...
View ArticleOne Good Pitch- Learning from Mariano Rivera
Mariano Rivera's career path can teach us about our trading. I remember when Mo was not Mo, the greatest relief pitcher in the history of baseball, and with One Good Pitch- the cutter. If you are not...
View ArticleAre You Still Focusing on Longer Term Intraday Trades?
Hi Bella, I just finished reading your book "One Good Trade" and I wanted to thank you for writing it. I am trying to learn the craft of trading, and I found it to be entertaining and educational. I...
View ArticleShort Term Trading in 2013 – Free Webinar recording
Steve Spencer on his last free webinar of the year 2012 discussed Short Term Trading in 2013. Some of the topics he discussed are: The new normal Beating the Machines Which plays make the most sense...
View ArticleWhen Should I Sell?
Hi Bella, I just have to start off as I always do and thank you and SMB for providing excellent trading education and training. Alright now to my question(s). When trading the open, when do you decide...
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How and Where to Get Bigger ($DKS)
Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in The PlayBook, our traders archive a favorite setup from the trading session for their trading PlayBook....
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Tricky Dicky
It was a very quiet morning in the world of "In Play" stocks. The only two tickers showing signs of life in the pre-market were DKS and GNW. After reporting earnings DKS lowered guidance which was...
View ArticleFree Options Webinar: John Locke: A Piece of the Rock
Tuesday March 19th, 2013 at 5pm EST SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the...
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The Time Stop (an Example in $YUM)
On our prop desk I encourage our traders to look for stocks that are trending, enter a Trade2Hold, and stay in the position if it is working until there is a Reason2Sell. SMBU offered a free Webinar on...
View ArticleEarn the Right to Make Profitable Trades
The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Tom Coughlin, Coach of the New York Giants, shares in this video that...
View ArticleForex: The Professional Trader is the Prepared Trader
When you turn on your computer each morning and you look at your favorite forex pairs, can you tell me exactly what levels you are most interested in taking action on? Can you give me a good argument...
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A Reason2Sell in $EPXR (If your stock breaks the uptrend)
This week I have written a series of posts on ways to exit your winning trades. We have discussed exiting because of a Time Stop, if an important intraday level is established, and when a stock hits...
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The Wicks Win ($WAG)
One thing I always try and remember when running a firm is this: trading is not very easy. The margin of error can be slight between great trade and stopped out. The trade below is a spot on example. I...
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Two Good Trades
There wasn't much In Play this morning. EXPR was gapping lower in reaction to an earnings release. When a stock has a large gap from an earnings release the first thing we do is look for clues during...
View ArticleHow Do You Determine How Far a Stock Can Move?
Hi Bella, I have a question. I noticed in one of your blog posts a comment from one of your traders during trade review. Specifically it was a statement anticipating somewhat of a certain length move...
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