Thursday, August 20, 2009

Site Seeing Excursion: SMB Trading Blog

I'd like to get back to a few basics on the blog, and one of those is highlighting unique sources of online information.

The SMB Trading blog comes straight from SMB's proprietary trading firm. The posts contain a number of practical lessons and nuggets of wisdom for intraday traders.

Some of the recent posts highlight good setups that are occurring even in slow markets and the importance of waiting for the market to show its hand before taking a position.

A video on their training site emphasizes that success is more about executing fundamentals than coming up with the next, new brilliant trading strategy. By watching the tape and observing support, resistance, and volume, traders can anticipate supply and demand and profit from those fundamentals. Here's a video that nicely illustrates how they view markets; great stuff!
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3 comments:

RAEckart said...

Yes, excellent recommendation for new traders like me. They put weekly videos on Stocktwits.com and have a standing show at 7:30 pm CDT Sundays.

- RA Eckart -

Matt Fahmie said...

Bret I believe you have liked my videos in the past, so I am posting it to highlight some fundamentals of my trading. These include pre-market scenario analysis and preparation, organically structure both targets and stops and understanding how the markets perceive value. I would greatly appreciate it if you took a look, it includes a performance metric review at the end.
http://tradeorderflow.blogspot.com/2009/08/video-positioning-pre-market-and.html

Sincerely,

- Matthew Fahmie

Jorge said...

Dr. Steenbarger,

Yes, SMB's blog provides some excellent insights. I really find it perplexing that, considering that they must be one of the few - if not the only - prop firm offering a peak into their trading they don't have tens of thousands of subscribers (even accounting for the fact that they focus on stocks, not futures). Well, let's keep it a secret then ;)

Best trading,

Jorge