Greed Is Bad. Just Ask My Sanity.

One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is Good”. Since greed and it’s first cousin fear still drive markets, it does serve a purpose in terms of creating … Read More

My Worst Trade

By marcp | View this Toon at ToonDoo | Create your own Toon Recently I was going through my trading notes and I happened to come across a trade that I documented a while back. And after looking it over, I realized it can serve as a good lesson to present to newer traders who may not realize that they … Read More

Broken Wing Butterflies Are Back

This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. After taking a break from blogging, I’m now back to continue contributing to the understanding of what I believe is among the best strategies that a trader can have in his (or … Read More

IF I Develop a Trading Plan THEN My Results Will Improve: EXPE (10.26.12)

I tweeted this week that trading is about having a series of if/then statements and not about making predictions. In practical terms this means that traders are game planning for every stock on their watch list. They are making decisions on how to trade each name based on price action, market conditions and news catalysts. For every stock I look … Read More

SMB Forex Trading Room Recap 10.25.12

In this segment, Marc Principato, CMT explains the importance of a trading plan and specifically about how many different elements must come together in order to have a robust plan. A trading plan is not about execution alone. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions Forex Swing Trader 6 week online program – LearnSMB’s unique price pattern setups … Read More

Yesterday’s Option tribe: The Seven Fundamentals of One Good Trade – Mike Bellafiore

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, Mike Bellafiore, author and founding partner of … Read More

Forex Trading: Less Fighting More Fishing

Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More

SMB Forex Trading Room Recap 10.23.12

In this segment, Marc Principato, CMT explains the the difference between the two kinds of patience a short term trader must have in order operate effectively. There is the patience of waiting to get in and the patience of waiting for a target. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions Forex Swing Trader 6 week online program – … Read More