Lance Breitstein

Lance Breitstein is a verified 8-figure trader and advisor at SMB Capital known for his high-volume intraday strategies and mastery of tape reading. He set record-breaking profits during his tenure at Trillium and now shares his methodology through educational content and mentoring.

Core Trading Philosophy & Strategy
Tape Reading (Level 2): Uses the "Level 2 box" to identify large institutional liquidity and buy in front of significant bids, often risking only a few cents for much larger scalp potential.
Intraday Focus: Places approximately 80% weight on intraday charts over daily charts. He prioritizes "In-Play" stocks—those with significant news catalysts or extreme price movement.
"Right Side of the V": A core mean-reversion strategy where he waits for a sharp move to exhaust and a "turn" to occur before entering, rather than trying to "catch a falling knife".
The Playbook Concept: Systematically documents "Easy Money Trades"—repeatable, low-stress setups like NASDAQ witching imbalances or IPO breakouts—to build a foundation of consistent profitability.

Systematic Performance & Psychology
Daily Report Card: A critical habit for his success, grading himself daily on execution and focusing on one specific improvement goal at a time.
Expected Value (EV) Focus: Every decision, including profit-taking and sizing, is dictated by aggregate backtested odds rather than the outcome of a single trade.
Risk Management: Adheres to strict daily, weekly, and monthly loss limits to prevent "fat tail" events from ruining a career.