Thursday, April 4, 2013

Notes from SMB Webinar.

Mike Bellafiore of SMB Capital hosted a webinar this afternoon, Are you a Pro or a Piker?
  • "When they study people who are successful they tend to have strong, successful social networks."
  • "When you see an A+ trade you should be risking at least 30% of your intraday stop.  For a swing trader maybe 2-5% of your account."
  • "I can't stand when I see guys on my desk looking at an A+ trade and don't get enough on with that.  I don't care if you lose money, GET IN A GOOD TRADE."
  • "If you see a trade that you like, take it.  Your job is to take risk."
  • "Not making enough when you're right is what's holding you back."