Archive for April 2012

This is What a Significant Day of Trading Looks Like

Apr 27th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
Sent to me from an SMB Trader after the close. Hi Bella, A truly significant day for me, in terms of personal achievements. 1) I was never as big as I played today Last night I was very pissed off about myself. I saw so many occasions where I should have been much bigger but I didn't. I was being a wuss. I changed that today. I prevented myself from using "1" and "2" on the keypad. On the open I only pay or hit 300 shares / lot and on my best trades, I tiered 400 shares / lot into the trade. As I mentioned yesterday, there were many fellow traders I have to learn from. Sammy is capable of taking on huge risks and hold Read more [...]


Free Options Webinar: SMB’s Options Tribe: Tuesday,May 1 2012 at 5pm EDT: The Incredible Shrinking Butterfly trade.

Apr 26th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Tuesday May1, 2012 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 veteran options traders and experts in the world of options trading. This week, Charlie Ferguson and Mike Adams will be updating us as to their work on the Incredible Shrinking Butterfly trade. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options Training Program The SMB Options Read more [...]


What Do You Do When You Hit Your Loss Limit?

Apr 26th, 2012 | By | Category: Trading Psychology
Over the past 10 days, there have been two occasions where I hit my daily loss limit. Sounds like a tough stretch, but on a net basis it's actually been positive thanks to some other good days. Mind you, I'm generally a disciplined trader, and in a dozen years of full-time trading I have broken my discipline countless times but have never truly gone on tilt where it's account life or death. That said, I do not have a broker-set cutoff. That's where you specify a dollar amount, which when hit will lock you out of making more trades. It's still your account and you could call in and override that I suppose, but it's at the Read more [...]


Follow Up to the AAPL Credit Spread

Apr 25th, 2012 | By | Category: General Comments
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Last week I introduced the idea of using a broken wing butterfly for AAPL, entered into for a 50-cent, as an alternative strategy to a regular put credit spread which could have theoretically been entered into for the same 50-cent credit.  All other risk, reward, break even and percentage attributes were identical for both simulated positions. Remember, both of these trades were simulated with the options expiring this Friday, Read more [...]


Comparing Ron Artest & Your Trading

Apr 24th, 2012 | By | Category: Trader Development
It's time for Episode 4 of When The Bell Rings. In this edition, we're talking about something that's paramount to your success as a trader. It's a mindset - something that requires intentional planning and not a fly by the seat of your pants mentality. A weekend sporting event prompted this particular lesson, although the topic always applies to trading.  Just as in sports we see the mood intensify around the playoffs, it's that way in the markets every day. I hope you get a lot out of this installment.  Run time is 4:26. Jeff White Read more [...]


Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT:Tony Sizemore–Managing by the Greeks.

Apr 24th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
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 veteran options traders and experts in the world of options trading. Today, Tony Sizemore will review his approach to trading options by the greeks. Register for this FREE Webinar : Here Seth Freudberg Director, Read more [...]


Free Webinar – Reduce the Huffyness and Puffyness in Your Trading – Trade What’s Working on This Market

Apr 23rd, 2012 | By | Category: General Comments, Gilbert Mendez's (Gman's) Blogs
Please join Gman on Thursday, April 26th at 4:15pm EDT in a free webinar: Reduce the Huffyness and Puffyness in Your Trading - Trade What's Working on This Market. Gman as always will take questions at the end of the presentation. Please sign up here. We hope you can join us. Read more [...]


What behavior should a prop firm reward?

Apr 21st, 2012 | By | Category: General Comments
After the close one day this week I encouraged our traders to CALL OUT awesome potential trading opportunities.  Shark called out SXCI into one close and the firm and individual traders caught a very profitable trade.  I got our Floor Manager into ILMN for an opening drive play at the start of the week.  He sent me an email of thanks.  The trader to my right got me into GILD on Thursday for a solid trending short trade.  Of course then there was GMan who got us all into HGSI.  Ripper :) The highlights of my talk went like this: If you are shy, don't be If you talk in a low voice, speak up Don't be scared to call Read more [...]


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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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