Top Ten Trading Books

August 29th, 2014 I had a wonderful conversation with a retail trader who has read 194 trading books.  Wow! This gentlemen has a passion for trading and reading about trading.  I was actually speaking to him about our firm backing his trading.  He has developed a track record while working full-time in the Heartland. For those of you trading retail who dream of one day trading pro, here is one guy taking the steps to achieve that goal.  It can be done! I thought it would be interesting to the trading community to learn his Top Ten Trading Books since he has read so many.  (In any list like this, there will be many great contributions Read more [...]

The First Trade We Teach (An Example with $DSW)

August 28th, 2014 Good afternoon. I hope this email finds you well. I have spent many hours over the past few weeks reviewing your YouTube videos, blog posts and anything else that I can get my hands on that offers a glimpse into how your trading desk makes money. I'm about 2/3 of the way through your book One Good Trade I have been trading on a demo for the past few days and today everything I have read lined up on a particular stock and I wanted to share it with you. I was doing my morning routine of checking In Play stocks, reviewing the news and checking important levels. One stock in particular jumped out at me and the reason was because it Read more [...]

Should You Quit Your Job to Trade?

August 27th, 2014 Dear Mr. Bellafiore, Hello my name is Jeffrey, first off I'd like to thank you for the information in your book "one good trade" it's been very helpful. I've been day trading for 2 1/2 years now. I can't trade stocks because of my work schedule but do take advantage of the Future and Currency markets. I've come to realize that my preparation is lacking big time. I understand how to read a chart along with ranges like support and resistance but don't know come up with the major levels or how to really trade off of them. I guess what i'm asking is what should be my main focus in preparation in these markets 1. and 2. should I Read more [...]

Options Trading for Income with John Locke for August 25, 2014

August 26th, 2014 Risk Disclosure No relevant positions John Locke www.lockeinyoursuccess.com A great way to improve your trading results is by keeping up to date with the latest trading techniques and current market conditions! Click HERE and join me every Monday at 9 AM EST for our free “Options Trading for Income” Webinars! Where you get expert analysis of the markets and the opportunity to follow along with the best options trading strategies in the business. And check out these great videos as well! May Group Mentoring Open House Part 1http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/ May Read more [...]

Today I Will Trade Big!

August 26th, 2014 An experienced trader stepped into my office frustrated with me.  He wanted to know why I questioned his position size in  a $TWTR breakout trade.  The exchange we had offers a lesson on getting bigger as a trader for the trading community. First, let me say that I loved this trade position in $TWTR.  And I loved that he was being aggressive.  I wanted to know two things: if the trade didn't work out could he control his risk was his position too big for him So many traders wake up one day and exclaim: Today I will trade big! Traders just decide that now they will not be a wuss, trade big size, and hold for the Read more [...]

Free Options Webinar: Anne-Marie Baiynd: Iron condor strike selection and trading options using chart formations

August 26th, 2014 Your Option for a better trading life......together (SMBU Options Tribe) 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. Next week, Anne-Marie Baiynd returns to the Options Tribe to discuss the proper strike selection for iron condors as well as the use of technical chart formations to make options trading decisions. Options Tribe meetings are free Read more [...]

Enhancing Trader Performance: Letting Go

August 26th, 2014 *****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 I was introduced to trading by a good friend of mine years ago.  Although Johnny has since passed on, having lost his hard fought battle with cancer, I am and always will be grateful that he introduced me to the trading game.  As with most of our experiences with others I learned much from my friend about what was important but I also learned quite a lot about what was not.  Read more [...]

Shorting DGLY Can Get FGLY!

August 25th, 2014 Here is a short clip from our pre-market meeting on August 25th (filmed at my dining room table in Nantucket;). We take a look at DGLY which was gapping above $9 in the pre-market. I offered some thoughts on how many traders focus on capturing the pull back from $8 to $7 and often miss the larger opportunity to the upside that usually follows. One thing I have noticed recently is that some of these lower priced momentum stocks are having much larger moves on the second gap up higher. We saw this in TKMR a couple of weeks ago as well. The key to today's DGLY trade turned out to be the consolidation above 10 the level mentioned Read more [...]
smb newsletter
Options Risk Disclaimer    Forex Risk Disclaimer

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 smbtraining.com) 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.

Log in | 148 queries. 1.629 seconds.