Trader’s Ask: I’ve got a family and a full time job—how can I trade for financial freedom?

November 26th, 2014 Hi Seth, I am a 51 year old man from Florence, Italy and I want to learn options trading  for financial freedom. During the last five years I have day traded futures…… I am having mixed results. A couple of years ago I started to study the Market Profile ( Jim Dalton's approach to auctions in the financial markets). I am putting a lot of patience and energy into this. But… I’ve got a family, a fulltime job and not much capital. Nor can I dedicate much of my time to live trading. You see, due to the difference in time zones I have a time window of about 2-4 hours before the close of the American markets. Read more [...]

How a Stock Can Trade When Their Dividend is Cut (Seadrill)

November 26th, 2014 In the premarket Seadrill, an offshore driller, announced it was suspending its dividend as this headlines shows: This is news of changing fundamentals in a stock that gets my attention.  When a company suspends its dividend many shareholders HAVE to sell as that offering no longer fits their investment strategy.  Further the suspension of a dividend signals financial weakness in a company as they now have a weaker cash position.  In short, there will be many new sellers in a company that is now newly weaker than yesterday. I love to trade changing fundamentals trades.  Even after SDRL gapped down on this news there Read more [...]

SMBU’s Options Tribe Webinar: Noted Author Jeff Augen: Finding Ideal Entry And Exit Points when Trading Options

November 26th, 2014 December 2, 2014 Today’s markets are almost entirely driven by algorithmic trading – a new dynamic that invalidates most technical indicators.  The PhaseTrader® indicators were developed to address this problem.  They are designed to detect and respond to the activities of program trading systems in a variety of financial markets, and they are currently licensed by hundreds of individual subscribers for their own investing. This webinar will focus on using PhaseTrader® to identify entry and exit points for stock and option trades spanning timeframes as brief as a few minutes and as long as several weeks.  The discussion Read more [...]

Trader’s Ask: Should I Use a Time Stop in Alibaba?

November 24th, 2014 Hey Bella sorry to bother you again intraday.  I'm very close to having having gotten ride of my over trading tenancies/urges and will start pulling the trigger on better trades2hold in the coming days/weeks. BABA though, it formed a support at 112.10 - 12.15ish. When you get long.  Two questions. 1.) If you got long at 112.12 do you hold BABA regardless of elapsed time (and only exit of it breaches a price level) or do you give it an allotted time limited before you exit? (assuming BABA just sits at 112.20 area and doesn't move) 2.) If the price starts to compress and hold lower and tighter towards 112.10 do you exit Read more [...]

SMB Trading Lessons of the Week

November 23rd, 2014 Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. In this video Bruce Bower discusses decision making from his visualization series. Latest Blog Posts Hopeville: Where Traders Go To Die 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...Read More Avoiding Losers (And Winners) We have all heard it said ... let your winners Read more [...]

Don’t Lose the Trade Before You Enter It

November 23rd, 2014 Trading is similar to playing sports at an elite level, they‘re both mentally demanding. In fact it is quite common in sports for a highly gifted athlete with a compromised mindset to lose miserably against a much less talented competitor utilizing the proper mindset. Trading is the same way. You can know everything about charting, indicators and options. You can have the perfect plan. The market might even go your way, but if your mental game is poor then you don’t stand a chance at making it long term as a successful trader. Let’s take look at a common mental error that lead traders to poor performance, lost trades Read more [...]

Lesson 2: Trading Is Peak Performance

November 23rd, 2014 Lesson 2: Trading Is A Peak Performance Activity Continuing the series Seven Lessons I’ve Learned, I wanted to talk about the right lens or framework for understanding trading. Is it “combat”, is it a “sport”, or is it “a treasure hunt”? All of these are valid metaphors for describing some aspect, but I don’t feel that it captures the essence of the activity. Instead, peak performance is the lens that I use. To me, peak performance means performing well under pressure, as is the case in many fields like sports, medicine or other stressful professions. In our case, we are making risk/reward decisions about what Read more [...]

The Great Automated Failed Discretionary Trader (video)

November 21st, 2014 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 [...]
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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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