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 [...]

Hopeville: Where traders go to die

November 19th, 2014 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 butterfly

November 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 [...]

Options Trading for Income with John Locke for November 17, 2014

November 18th, 2014

No relevant positions

Risk disclaimer

Avoiding Losers (And Winners)

November 17th, 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 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: Trading is Decision Making

November 16th, 2014 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 [...]

Selling the News in a Strong Stock (video)

November 14th, 2014

Last week in our AM Meeting I outlined a classic short term trading setups often referred to as “Sell The News”.

10daybannerno relevant postions


How to Become a Prop Trader

November 13th, 2014 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 [...]
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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 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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