$JBL had earnings, so it was not a huge surprise to see it on our In Play list on the Radar. Still, a reading of 7.7 is good even for a stock with earnings. This means the stock will have heavy, unusual order flow – and it did. But that alone isn’t going to help with bigger plays. Sure, you … Read More
Know Your Tools!
We have access to some great tools to help us with our trading. Plenty of different scanners, studies, and algos out there thanks to technology. But just because you have the tools, doesn’t mean it ends there, you must master and take everything you can out of them. At SMB Training our favorite tool is the Radar. It was designed … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Butterflies and Long Stock Positions
Today at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. This … Read More
What the market taught me last week
Are you reviewing your trading solely based on your P&L? Is your focus on what you learn from the market or how much cash you are taking out? Do you do a weekly review? Below is a weekly review by a new mentee that the developing trader might implement with their trading. Hi Bella, The following is my weekly review … Read More
Traders Ask: How ’bout that cover? (ANR)
Hi Mike, you have been very generous to answer a couple of my questions in the past, I am hoping you can offer some insight on what I find is a common trading dilemma. I traded the following setup this morning. I went short ANR at 19.95 at 9:47. Briefly my idea was: 1. ANR has been in play the last … Read More
SMB’s Options Tribe Meeting, August 2: Weekly Options Income Trading
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. On August 2nd, veteran trader Charlie Ferguson presented … Read More
Caught in an overflip (CAVM)
I haven’t been this mad at myself as a trader in a long time. After the trade I vocalized, “That was such a stupid trade. That is exactly how not to trade.” I was pissed. Furious. I had a family issue that placed me in a foul mood right before the Open. To the point where I almost got up … Read More
SMB’s Options Tribe Meeting, August 9: Multiple Monthly Butterfly Strategy
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. On August 9th, Paul Kaestle demonstrated his … Read More