Spencer Trade Review–$TSLA
Sep 29th, 2012 | By sspencer | Category: General CommentsSteve discusses a few trades in $TSLA from September 28th and contrasts with how a newb trader handled the same setup.
Steve Spencer
*no relevant positions
Archive for September 2012
Create Your Forex Watch List And More With Raghee Horner
Sep 29th, 2012 | By mprincipato | Category: General Comments
On Wednesday 10/3 at 4:30PM ET Raghee Horner, Chief Currency Analyst at IBFX and 15 year veteran will be sharing how she finds currency pairs worth watching for the trading day. This is what she refers to as her Forex Watch List. In addition, Ms. Horner is going to show us what tools she uses to confirm trends.
This is a must attend webinar for those new to forex trading or those who are looking to learn more. Ms. Horner's techniques are practical and can help you build your foundation of knowledge.
Attendees who ask questions get a free trial of our online forex trading room.
Register
Marc Principato, CMT
risk-disclaimer
SMB FOREX
Trade on your own schedule
Learn SMB′s Read more [...]
Free Webinar Today at 5pm EDT : Russell Rhoads discusses the new S and P 500 Range Options.
Sep 25th, 2012 | By Seth Freudberg | Category: General Comments, Options Education, Seth Freudberg's Blogs
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, Russell Rhoads of the CBOE will be returning to the Options Tribe to discuss a new options product that has been attracting a lot of attention in options trading circles—The S and P 500 Range Options.
Register for this FREE Webinar: Here
Seth Freudberg
Director, SMB Options Training Program
The SMB Options Training Program is a twelve month program designed Read more [...]
Capital Markets and Unintended Consequences
Sep 24th, 2012 | By sspencer | Category: General Comments
Marc Cuban wrote a blog post a few days ago offering some suggestions for restructuring US equity markets. For those of you who are unfamiliar with Cuban he is a successful internet entrepreneur and owner of the Dallas Mavericks. The premise of Cuban's blog was that over the years "Wall Street" has lost its way and has devolved into a bunch of computers that do nothing in the service of "Wall Street's" original purpose. The "original purpose" according to Cuban is assisting private companies in the raising of capital.
Cuban uses “Wall Street” as a synonym for secondary capital markets which is a bit confusing. Generally, when the media refers to Wall Street they are referring to investment Read more [...]
High Beta, High Probability
Sep 24th, 2012 | By sspencer | Category: Steven Spencer (Steve's) Blogs, Trading Ideas
It is my belief that for a short term trader to reach the upper echelon of their profession they have to have an extensive playbook. As we train and watch new traders develop we have found that those who become profitable master one or two of their best setups. The few that go on to further success become very good at a multitude of setups. By having more arrows for their quiver they are able to increase their odds of being profitable on a daily basis.
One of the areas that a young trader can develop is their playbook for "high beta". High beta are the stocks that catch the headlines on Bloomberg and CNBC. They are the stocks momentum hedge funds and active retail traders focus their attention Read more [...]
What’s Your Number?
Sep 23rd, 2012 | By bruce.bower | Category: Bruce Bower, General Comments, Guest Blog, Trading Psychology
If you hang around long enough in the investing or banking communities of New York or London, you’ll soon hear the infamous question: “What’s your number?”. The first time, you answer by rattling off your phone number; then you realize that the question has nothing to do with speaking on the phone.
“Your number” is usually the number at which you have made enough money that you can safely retire and/or leave the business. Once you’ve reached “your number”, you have enough money for a place to live while earning a passive income that covers your expenses and funds a good lifestyle.
At first glance, it would seem that this is a brilliant concept for traders. After all, most Read more [...]
Where and How to Buy KBH
Sep 22nd, 2012 | By Bella | Category: Mike Bellafiore's (Bella's) Blogs
So KBH outperformed the market yesterday. There were many tweets on @stocktwits asking where and how to buy. This chart below gives you an entry to consider. It was produced by an SMB Trader and sent to his desk with the simple message: " add this picture to your playbook. memorize this pattern. KBH @ 14.28." We call this a momentum inflection point. HT to PTO from @smbcapital.
Bella
One Good Trade
no relevant positions Read more [...]
What is Your Motivation to Be a Trader?
Sep 20th, 2012 | By Alex Salazar | Category: General Comments
There are different styles of trading for different people. One of the keys to have success in trading is to find out what it signifies for you on a personal level and what you want to obtain of the future and economic benefits.
To have a satisfactory and well rounded career, it is necessary to have an incentive that goes beyond just financial reasons. By being driven solely on money, you will never make the necessary effort to become successful. In addition, your specific interests in the markets should reflect what is important to you.
For all traders, there is something about the market that draws them to it
It’s not something on the market. Quotes that are intermittent and quick Read more [...]
Free Webinar Tuesday September 25 at 5pm EDT : Russell Rhoads discusses the new S and P 500 Range Options.
Sep 20th, 2012 | By Seth Freudberg | Category: General Comments, Options Education, Seth Freudberg's Blogs
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, Russell Rhoads of the CBOE will be returning to the Options Tribe to discuss a new options product that has been attracting a lot of attention in options trading circles—The S and P 500 Range Options.
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 [...]
Do not miss 2nd Day Plays
Sep 19th, 2012 | By Bella | Category: Mike Bellafiore's (Bella's) Blogs
During a midday Tradecast I said, "You do not want to miss 2nd Day Plays." These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The next trading session we trade off of those prices.
One of our new traders created a 2nd Day Primer Sheet for the desk. This helps our traders not miss these easiest of set ups. Here is a peak of what that sheet looks like below.
Bella
One Good Trade
no relevant positions
Read more [...]
