Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a … Read More
$LULU Trade Preparation
In this video prior to the market open on December 6th Steve discusses how to approach trading LULU following its earnings release: LULU is described as “Amazon Junior” by Steve because it has a tendency to be bought on earnings gaps and show great strength after an initial gap down LULU is a tough intra-day short when moving higher following … Read More
A Much Different Use of the Broken Wing
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. For months now I’ve been blogging about hypothetical SPX broken wing butterflies that I’ve been identifying and managing in live markets. The returns have been positive, with only one losing trade out … Read More
Scottsdale (Phoenix) Traders and Investors Meetup Group With Mike Bellafiore and Seth Freudberg
Mike Bellafiore, author of the trading classic “One Good Trade” and Seth Freudberg, director of SMB’s Options Training Program will be at the Scottsdale (Phoenix) Traders and Investors Meetup Group on December 6th, 2012 at La Quinta Inn. Mike will be explaining how to create your own Playbook and Seth will explain why he loves trading options. Risk Disclosure
Finding the Right Trading Product and Style
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use … Read More
This is Who We Want to Train at SMB
I get asked daily who we want to train at SMB. This is a very serious question. I wrote about those we want to work with in One Good Trade. And also those who will fail. I took the responsibility of sharing who can make it and who won’t very seriously. But succinctly the young man below encapsulates exactly what we … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More
The Biggest Question for a Trader
Hi Bella, When I started out to go day trading, I feel as though I have wasted allot of money and time on so-called “education”. I can tell you that I have spent over 10k in it. A friend recommended (********) to me and I took their course. They made it seem so easy with patterns and MAs. … Read More