Archive for July 2012

Free Webinar Today, 5pm: Weekly Broken Wing Butterflies on SPX – Greg Loehr and Chris Stockton

Jul 31st, 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,Greg Loehr and Chris Stockton will discuss a weekly broken wing butterfly system on the $SPX. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is a twelve month program Read more [...]


The SMB Foundation: Proof that Prop Trading is Not Dead

Jul 30th, 2012 | By | Category: General Comments
I’m glad I decided to write this now and not when I intended to a few weeks ago, as this particular post addresses Mr. Josh Brown’s debate of whether or not Prop Trading is officially dead - it turns out that, on occasion, procrastination and an overall busy schedule is helpful. I remember speaking with @dynamichedge regarding this particular topic in May after the StockTwits Symposium event and I remember him saying that having to read order flow as a discretionary trader does not give these particular traders an edge anymore, as the tape is not only too quick but is too algorithm-ridden and can change on a dime.  Although Read more [...]


Spencer Trade Review – $AMZN $FB

Jul 30th, 2012 | By | Category: General Comments

Steve Spencer reviews trading opportunities in AMZN and FB from July 27th 2012.

Steve Spencer
* No Relevant Positions



How to Become One With Your Trading System

Jul 29th, 2012 | By | Category: Bruce Bower, Guest Blog, Trading Lesson, Trading Psychology
  We’ve all heard the sad excuses after a bad run. The lame rationalizations. “I know it was through my stop, but I thought that it would come back”. “Yes, I saw the signal, but I just didn’t believe it” “I don’t know, I just froze” When someone is struggling, one way to lessen the pain is to rationalize it away. That’s understandable. After all, no one wants to wallow in pain and suffering anymore than necessary.  But these sure are annoying to listen to. If a friend or colleague is struggling and in a bad place, then the last thing anyone wants to hear from them is some BS. What’s Read more [...]


The Opportunity for a Prop Trader

Jul 28th, 2012 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
@DynamicHedge wrote a must-read piece recently that went viral, "Letters to a Young Trader", in which along with buckets of awesome advice he also asserted prop trading shops are dying.  This is true.  But this is not the same as prop trading is dead and/or ALL prop shops are dying.  That would not be correct.  The author never stated this but some might have missed this important distinction.  This is an opportunistic time for the right people to be prop trading!  Let me explain why and offer a status update on prop trading. First here is what @DynamicHedge wrote about prop trading: (Question from @dynamichedge reader)It Read more [...]


SMB Forex Daily Review – July 26th, 2012

Jul 27th, 2012 | By | Category: General Comments

Marc Principato
Director of SMB Forex
mprincipato@smbcap.com
* No Relevant Positions



The Opening Drive Play (UA)

Jul 25th, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
I was watching UA on the open and I wanted to write up this drive because I feel like I'm a bit more comfortable with the slower setups in a trending environment. On the open the timing windows are shorter, the price movements are more whippy, and at the moment it's generally more difficult for me to control my risk confidently as a novice trader. The result is me not touching the keys until a trend play emerges after 10:00AM - 10:15AM. However, there are some fantastic opportunities that arise out of the open and if I'm going to be successful I need to develop the tools to trade it properly. With that in mind, I had a couple questions Read more [...]


Free Webinar Tuesday August 7 2012, 5pm: Limited Risk Investing with a twist – Michael Chupka

Jul 24th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
 Tuesday August 7 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, Mike Chupka of Poweroptions.com/Radioactive Trading will be making a presentation on the role of options in a limited risk investment strategy. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options 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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