Archive for October 2011

SMB at Georgia Tech

Oct 31st, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
Watch Mike Bellafiore, Author of One Good Trade, lecture at Georgia Tech about the skills needed to succeed as a trader in the future.  The title of this presentation is called The New Franchise. Read more [...]

Index Video for the 1st Week of Nov

Oct 31st, 2011 | By | Category: General Comments
The indexes ran higher last week, bolstered by a European debt deal which had been anticipated for several weeks.  Stocks rallied ahead of the news, and the announcement of the deal prompted additional buying rather than a sell-the-news response.  As a result, new recovery highs were established across the board. As we head into a brand new week of trading, let's examine some important levels to keep an eye on in the days ahead. These levels will influence how individual stocks are going to move, so it's where the trading week begins. Be sure to view in HD (720P) and full-screen mode for best quality in the video. Jeff Read more [...]

Improving Trader Performance: Sunday Links from Crosshairs Trader

Oct 31st, 2011 | By | Category: David Blair, Guest Blog
“Most people have no idea of the giant capacity we can immediately command when we focus all of our resources on mastering a single area of our lives.” -- Tony Robbins The single biggest mistake I see new traders make is believing in the principle of more is better. The more news the better; the more time frames the better; the more familiarity with multiple strategies the better; the more stocks the better. This kind of thinking actually distorts reality, not clarifies it. The more-is-better attitude is a symptom of not wanting to miss out, fearing that the market will move without us. This fear drives us to develop as many Read more [...]

December’s $RUT Bearish Butterfly Trade

Oct 31st, 2011 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
One of my favorite options spread trades is the Bearish Butterfly. I developed this trade a number of years ago in recognition of the fact that no matter how much the market may rally, it will eventually experience pullbacks. So an options spread trade, developed to take advantage of these periodic pullbacks should work in most market scenarios. In the very near future, SMB's Options Training Program will be offering options traders a video series on exactly how to trade the bearish butterfly in every market condition. I have personally been trading this strategy myself for 4 years now, and have been very happy with the results. Today's Read more [...]

Where is my arc?

Oct 29th, 2011 | By | Category: General Comments, Guest Blog
Guest Post from SMB Blog Reader Yaniv Hamo One of my favorite thinking exercises is about what it means to be living as opposed to merely exist. The essence of what separates the living from the grey masses. Working 9‐5, family and kids, watching TV and going on trips – does not make the cut. That’s what the masses are doing. For years I used to think that the answer is “change”. If I change, then I am alive. If I keep stable, I am reduced to existing only. Biologist Jack Cohen phrased it nicely when he said “There is this special biologist word we use for ’stable’. It is ‘dead’.”. Constantly Read more [...]

Free Options Webinar: SMB’s Options Tribe: Tuesday, November 1, 2011 at 5pm EDT: Jim Bittman on Credit Spreads

Oct 27th, 2011 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Tuesday  November 1, 2011 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 week,  Jim Bittman of the CBOE will be presenting his approach to credit spreads. Jim is  a nationally known options educator and we are  certain that  you will find his presentation valuable. Register Read more [...]

How to Think About a Loss

Oct 27th, 2011 | By | Category: Trading Psychology
We all lose here and there. It's just part of trading. You can't avoid it, but that isn't the issue. Where many traders struggle is how to handle a loss gracefully. Instead if equating a trading loss with personal failure, shift your mentality for what a loss means. Does it mean you're stupid? Not necessarily. Does it mean you were wrong? Yes, in at least one way. Does that mean you will never get it back? Absolutely not. Losses are an event, yes, but they also subtract from your account. Consider them a cost of doing business as a trader. Brick-and-mortar stores have overhead, but as a trader, the biggest portion of Read more [...]

Questioning the 50-day & 200-day MA’s

Oct 26th, 2011 | By | Category: Trader Development
My recent post on Indicatoritis discussed how some traders rely on indicators incorrectly. I believe that still holds true, but I was questioned about some common moving averages on the heels of that post. So in this video, I want to discuss moving averages, and more specifically, two moving averages which are commonly accepted by traders as important: the 50-day and the 200-day moving averages. We'll look at some big-name stocks and let the charts speak for themselves on whether it's appropriate or not to leave these MA's on the chart all the time. Be sure to view in HD (720P) and full-screen mode for best quality in Read more [...]