Archive for February 2012

The March Bearish Butterfly Trade Update–A Strong Finish

Feb 29th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
This is the fouth and final post in a series that we published over the previous weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB's Bearish Butterfly Video Series. As of our last writing, the $RUT index closed at 823 and the trade was down 4.5% on planned capital with 29 days before expiration. The $RUT continued to be rangebound since our last writing, trading in the range of 815 and 830. No adjustments were necessary. The passage of time would have turned the hypothetical trade profitable and would have helped Read more [...]


Be your own better trader

Feb 29th, 2012 | By | Category: General Comments
Greetings from Capetown. I received this daily review from a solid developing SMB trader from which we can learn.......... I am so disgusted with how I traded today… probably the most mad at myself I have been in weeks… I made so many mistakes today… Overtrading… trading too much away from good prices… this is a huge problem in something like DPZ and APOL that got being persuaded into trading things I should not be like ZAGG… or SWN… I am my own trader I don’t have to be in the things that others are in if this is no MY PLAY Also RDC, HGSI I don’t need to participate in either… and the worst Read more [...]


Trade, control your risk, breathe (VVUS)

Feb 28th, 2012 | By | Category: General Comments
Sifting thru the daily trading reviews from yesterday it was clear that many traded VVUS. Here in Capetown training former elite athletes and now traders I work to make one point. See your trades as patterns. Trade the set up and then accept the result. Trading is not about being right. It is about controlling your risk. And finding patterns where your risk/reward for you is exceptional. Match Play winner Hunter Mahan teaches us the importance of this mindset for elite performers (traders): "If I wanted to be the player that I felt like I could be, I was going to have to change," Mahan said after capturing the WGC-Accenture Read more [...]


Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Tom Sosnoff–Perspectives on the Market

Feb 28th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Today at 5:00 pm Eastern Standard 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 veteran options traders and experts in the world of options trading. This week, Tom Sosnoff, Co-Founder of  both Think or Swim and Tastytrade.com will be providing us with his always entertaining views of the market and options trading. Register Read more [...]


My Thought Process: VVUS

Feb 23rd, 2012 | By | Category: Steven Spencer (Steve's) Blogs, Technical Plays
I tweeted early this afternoon that it looked like VVUS had put in an intra-day bottom. Here is the tweet. i think bottom is in for $VVUS today. a hold above 20.25 should get it trending nicely Here is a pic annotated that sums up what I was thinking. The long trade didn't work out as VVUS failed to get above 20.25 and eventually made a new intraday low knocking out the 19.50 support area. This is a stock that will offer a lot more short term trading opportunities in the days and weeks to come. I will continue to monitor it closely. Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally Read more [...]


Free Options Webinar: SMB’s Options Tribe: Tuesday, February 28, 2012 at 5pm EST: Tom Sosnoff–Perspectives on the Market

Feb 23rd, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Tuesday February 28, 2011 at 5:00 pm Eastern Standard 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 veteran options traders and experts in the world of options trading. This week, Tom Sosnoff, Co-Founder of  both Think or Swim and Tastytrade.com will be providing us with his always entertaining views of the market and options trading. Register Read more [...]


Trading Is All Psychology

Feb 22nd, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Psychology
The following news was released after the market closed. 16:31:20 FDA Panel Votes 20-2 In Favor of Approval For Vivus' QnexaVivus, Inc. (NASDAQ: VVUS) received excellent news on Wednesday as an FDA advisory panel has voted 20-2 in favor of approving the company's weight-loss drug Qnexa. The panel's decision is non-binding, but it is highly likely that the FDA will follow the panel's positive recommendation. link to this article I just received the following text from one of the traders on our desk "im such a ass tho..i saw VVUS holding 20 bid for size and i had 1000 lined up at 20.05" The trader did not take the trade. He Read more [...]


February 22nd Gameplan Review

Feb 22nd, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Theory
SMB Capital Stocks In Play Call Review. Each morning before the market opens we discuss the stocks that we believe will offer the best risk/reward trading opportunities intraday. Today’s review featured GRMN, MOS, NFX, MGM, DELL, INTU. February 22nd gameplan Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His email is sspencer@smbcap.com. No relevant positions *live trades discussed in this post took place in T3 Trading Group, LLC a CBSX broker dealer Stocks In Play Watch our AM meeting as we share and discuss the best trading stocks Read more [...]


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Options Risk Disclaimer    Forex Risk Disclaimer

1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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