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
Sometimes It Pays To Be Boring
What if I told you it was possible to be up over 30% year to date trading just QQQ about once every other day. Sound boring? And the only thing you had to do was to turn on your computer—well, not the only thing—and that you would have to have a thoroughly tested trading system first. And if you did, … Read More
Improving Trader Performance
It can be successfully argued that stock trading is pure gambling. While there are similarities, the successful trader will note the differences and similarities thus enhancing his or her performance by 1) focusing on the process, and 2) understanding the nature of the markets. In the following, I list several opinions about stock market speculation, provide a problem gambling test, … Read More
Are you a virtual trader in isolation?
Below is an email I received from a Romanian intraday trader involuntarily in isolation. 1) Great anecdote about a foreign trader finding their path. Enjoy the story. 2) Any ideas to help this trader escape isolation? 3) Any Romanian traders (or other virtual traders) wish to start a virtual trading group? Leave a comment below. Dear Mr. Bellafiore, I thank … Read More
Where would you have sold?
I received this email last night about an excellent risk/reward opportunity in PM. The SMB Reader below is asking all the right questions. But I ask you for a fun exercise. Where would you have sold? Hello mr. Bellafiore, Thank you very much for sharing your trades and ideas in SMB blog. I am reading it every day and it … Read More
One Good Trade ($PLCM)
I struggled with RVBD. I struggled in LRCX. Same with CREE. And ABT. And BAX. My EBAY trade did not work out as I expected. Nor CRUS. I was sitting in my office a few minutes ago talking to a frustrated mentee saying: “I cannot seem to make money in anything.” “Others around me seem to be making money except … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, October 25, 2011 at 5pm EDT: Earnings Plays
Tuesday October 25, 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 … Read More
In Play Snapshot at the Close
This is an end of day snap shot of the SMB Radar In Play list. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a pre-screened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates … Read More