The other week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 7 of the video series reconstructing my presentation. In this video Mike discusses: 1) An anecdote about a great automated trader formerly a failed discretionary trader 2) Adding automated trading to your PnL 3) Automated trading can help your discretionary trading You can sign up for our free daily trading video here! Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, Read more [...]
There are times when I am required to give a mentoring student some tough love, because it’s important for me to convey, immediately, to a trainee when I spot a trading quality that is so destructive that he has virtually no chance of surviving as a trader unless he rids himself of that trait. I have a mentoring student named Robert who is a very good guy and deeply committed to improving himself as a trader. Robert is an interesting guy in a lot of ways. He is a psychotherapist from Wisconsin (and a die-hard Packers fan—something he reminds me of when he knows it will be particularly painful for me—like this past Read more [...]
SMBU’s Options Tribe Webinar: Frank Fahey, Optionvue Systems, International: The anatomy of a broken wing butterflyNovember 19th, 2014 This week, Frank Fahey returns to the Options Tribe to break down the broken wing butterfly and examine its margin, skew and directional considerations. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders and experts in the world of options trading share live presentations. Options Tribe meetings are generally free to the public and are held every Tuesday at 5:00PM ET. If you wish to register to this meeting, Read more [...]
No relevant positions
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Key Point: We will do anything to avoid a loss even to the point of ignoring that we have one, while claiming any small gain as quickly as possible just to say we had one. We have all heard it said … let your winners run and cut your losers short… but understanding and then accepting it is quite another matter. We may hear it and we may read it and we may nod our heads in Read more [...]
Lesson #1 : Good trading is about good decision-making Last week, I wrote up seven lessons that I’ve learned about investing and trading over the past few years. That was an overview of some of the more interesting and surprising things that I’d come across in my journey in the markets. As a continuation of this series, I’m going to do a deeper dive on each of the seven lessons, giving a sneak preview of the content in my upcoming book. When we are investing or trading, we are making decisions about what and when to buy and sell. How we arrive at those decisions is up to us, but we are essentially just processing information Read more [...]
Last week in our AM Meeting I outlined a classic short term trading setups often referred to as “Sell The News”.
Mr. Bellafiore, I will keep this as short as possible, as I know you are extremely busy. To ask my question, I must give you some background information about myself. I just finished your book, One Good Trade and I am truly inspired. I graduated from school in May. I did not graduate from an Ivy League school, or with a 4.0. I did not know I wanted to be in finance let alone be a trader until Junior year. I did have an interview at (redacted) Trading earlier this year but turned it down because, at the time, I did not have the funds required for a deposit. I made the best of my situation and found a way to land an analyst position Read more [...]