Archive for May 2012

When The Price Action Changes–Facebook

May 31st, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
Facebook had been an great swing short since Tuesday morning when it made a new post IPO low. It continued to make lower highs and lower lows. The definition of a "downtrend". You were hard pressed to spot two consecutive green bars on the 15 minute chart and the few times that did occur there was very little volume and almost no upward momentum in price. So if you were short and continuing to short you had the wind at your back. As I looked at FB's action this morning it continued to behave very well as a short. The small gap up was sold aggressively on the Open and it made a new "all time" low. When I checked back in to see Read more [...]


New AAPL weekly ‘fly and SPXPM update

May 31st, 2012 | By | Category: General Comments
This post is another in a series tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. The hypothetical butterfly on the SPXPM is progressing nicely. You'll recall that this was instituted as a "longer-term" trade compared to the weekly broken wing butterflies that I had been tracking on AAPL and SPX. So for now there's nothing to do but kick back and wait for the time decay to set in. Sometimes watching the time decay trickle in is a bit like watching grass grow, so to keep things interesting I'm tracking another AAPL broken wing butterfly, on the weekly options Read more [...]


Free Options Webinar: SMB’s Options Tribe: Tuesday,June 5 2012 at 5pm EDT: Beta Management for Options Portfolios.

May 31st, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Tuesday June 5, 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. Next week, Andrew Falde of Lessthanrandom.com would go over Beta Management for Options Portfolios. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is a twelve Read more [...]


Jack Schwager Hedge Fund Market Wizards Video Interview

May 30th, 2012 | By | Category: General Comments
Michael Martin, author of The Inner Voice of Trading, recently did an amazing interview with Jack Schwager where they discuss his new book Hedge Fund Market Wizards. We hope you enjoy it. Read more [...]


Free Options Webinar: SMB’s Options Tribe: Today,May 29 2012 at 5pm EDT: The return of the Incredible Shrinking Butterfly

May 29th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Today May29, 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 is returning to provide an example of Incredible Shrinking Butterfly trade that he discussed in his last appearance. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options Training Program The Read more [...]


Midday Review – May 25th 2012

May 25th, 2012 | By | Category: General Comments
On this review, Steve reviews PAY and explains why we focus on trading stocks with this pattern. Also references GMCR, NTAP and FB. * No relevant positions To watch these midday ideas live through SMB Real Time, sign up below 1 week trial of SMB Scanner, Stocks in Play and SMB Real Time Read more [...]


The Trading Show Chicago

May 25th, 2012 | By | Category: General Comments
Mike Bellafiore, author of the "trading classic" One Good Trade will be speaking on The Trading Show Chicago 2012 on June 25-27, 2012. The Trading Show Chicago brings together the leaders in North America's trading community, to explore new advances in trading strategy, quant models and technology. Mike will be presenting a seminar session in one of the on-floor theatres in the exhibit hall. He will be speaking on the topic, "How to develop models without complex programming". Register now for FREE to hear him speak! Read more [...]


A sad anecdote of a failed trader

May 24th, 2012 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
I received this email from a trader this week: Hey Mike, We talked awhile ago, about how your book "One Good Trade" has helped me and my 5 friends on the trading desk at our prop trading firm($$$$ Capital).  I have been trading for about 12 months total and about 6 months live.  I have found that your website blogs and tweets during the day have really helped me excel my trading curve.  My prop trading firm is more of a "Do it yourself" type of firm, and I feel in trading to succeed you need a mentor to guide you through all the ups and downs of the market. Therefore, I came to realized that you, your blog, and SMB Read more [...]


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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.

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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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