SMB Capital Outlines Its Daily Trading Strategy
SMB Capital is giving a discussion on how the SMB traders go about their day.
Every morning at 8:30 there is a meeting where the traders discuss their best ideas and look at support/resistance levels. The trader said between 9:30-11:00AM, the traders need to turn off all distractions and focus on trading. At 11:00AM, it's time to review the trades you made earlier in the day.
11:00AM-3:00PM
Share Intraday Alerts
Review your important trades from the A.M
Talk with other traders who traded your stock/trading ideas
Go have lunch
Watch for intraday support & resistance levels
SMB mid-day meeting
Write in your trading journal
So the most active trading occurs between 9:30AM till 11AM and in the last hour of trading. The SMB Capital traders use the 11AM to 3PM to look for levels/resistance, volume gainers, and different filters in order to have an edge in the last hour of trading. Stay tuned for more updates from SMB Capital.
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