Did A Short SetupTrigger in JPM?

January 17th, 2017 Following JPM's earnings report it gapped higher then faded the rest of the day. Steve Spencer discusses a possible short setup. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] No relevant positions Read more [...]

The Proper Stop Loss

January 13th, 2017 Bella shares two anecdotes from our desk this week of traders asking for risk bumps. Trader A asked to be bumped from 25 to 50k intraday as a stop loss. Trader B from 7,500 to 15k. In this video, Bella gives you a litmus test to determine your stop loss. Read more [...]

Sometimes Nothing is a Real Cool Hand

January 12th, 2017 In this video, Bella corrects a new trader's journal from insufficient to elite. We are not doing our job if we do not set up our traders to find out how good they can be. Many do trading journals. But are you keep a trading journal that will help you maximize your potential? Read more [...]

A Trader’s Definition of Hell

January 11th, 2017 What would a trader's definition of hell be? I say it's the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn't it? I have two ways of avoiding "trader hell" that I'll share with you. Focus on process. I can guarantee you that if you spend your days toiling in the need to be right, make money, "win", or get revenge - you will end up in trader hell. What separates many elite performers, in nearly all elite-performance fields, is a strong commitment to process. It's not about the scoreboard, it's not about what happened on your last trade, it's Read more [...]

The Vocabulary of Winning Traders

January 11th, 2017 Winning traders have a specific vocabulary. It doesn't matter what market, niche, timeframe, or trading style they focus on... the words they use (and don't use) are remarkably similar. We know this because we have worked with thousands of traders over the past 20+ years... and we've seen losing traders turn into winning traders. Often, the vocabulary they use changes even before they start to see the profits role in. Here's the good news... this vocabulary can be learned. Just like any foreign language... the best way to learn a new language is to immerse yourself in a culture that only speaks that language. Would you like Read more [...]

SMBU’s Options Tribe Webinar: Amy Meissner: The Power of the Asymmetrical Iron Condor

January 11th, 2017 This week, Amy Meissner returns to the Options Tribe to discuss the many powerful features of the Asymmetrical Iron Condor options strategy, how it is superior in most markets to the traditional iron condor and how it fared in the very challenging post-election rally Read more [...]

Three Hidden Challenges with Iron Condors

January 9th, 2017 The Iron Condor is a popular options trade ... and often one of the first trades that options spread traders learn about. Options traders are excited to learn that they can make money when the market goes up, make money when the market goes sideways.... and even make money when the market goes down! As long as the market doesn't go "too far" in either direction, you are a winner. Sounds great, right? Well, there's more to it than that. Here are just three hidden challenges with traditional iron condors: #1 To fully experience the "high probability" of an iron condor, your risk is often 8 to 9 TIMES as much as your peak profit! Read more [...]

Ten Trades That Have Actually Worked

January 8th, 2017 You know there is a way to generate profits by trading. You know there is some setup, some strategy, some system that you can trade to get on the right side of the market and generate these profits. Unfortunately, most traders never experience that reality. We know this because we've surveyed thousands of traders. But... rest assured... some do make it. And they don't make it by luck. How do we know it's not luck? Because the traders that do make it continue to make it... year ... after year... after year. Wouldn't it be nice if you could see the setup, the strategy, the system that these traders are using to generate big Read more [...]