Should you quit trading?

Hey Mike, How are you?  Everything at SMB going well?  Life outside of work is good? If you have the time, I could use some advice. I have now been trading about 10 months at (firm deleted) and learning from one of the best traders. For our style of trading, the firm as a whole finds this to be one … Read More

Part Time Forex For Equities Trader Webinar

In this presentation, I explain the subtle differences between forex and equities trading. I also introduce the S&P / FX intermarket relationship and how I use this as a filter in his own trading. You can also see my recent blog example here. I conclude the presentation with an example of one type of trading strategy that is employed by … Read More

Yesterday’s Option tribe Meeting:M3 Trading Strategy by John Locke.

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, John Locke presented his New M3 Trading Strategy. … Read More

S&P/FX Trade Example

I talk a lot about the intermarket relationship between the S&P 500 Index futures, and the EUR/USD forex pair. The relationship is typically, S&P goes higher, EUR goes higher. There are fundamental reasons for this that I am not going to go into here. What I want to do here is highlight a particular condition that appeared in the S&P … Read More

One Netflix Trade

NFLX has been in play since the huge move on Thursday. I looked to trade it on the short side on Friday as it was overextended and had a powerful Opening Drive to the downside. It ended trading off about four points from its high but failed to close below 81 which had been a key support level on Thursday. … Read More

Two SPY Trades

I don’t trade the SPY on a daily basis. But I have a few “go to” trades that I will make when they trigger. Fade a pullback to a recent S/R level in the direction of the higher time frame trend (Trade2Hold) Fade a pullback to a recent S/R level against the direction of the higher time frame trend (Scalp … Read More