Trade Review: PAY by Shark

In this video, Shark reviews a trade he made in PAY on February 22nd. He discusses the big picture, his thought process throughout the trade, and the trade management skills he brought to the trade. This webinar is no longer available *No Relevant Positions Please follow and like us:

Recording: Greg Loehr: Trading Broken Wing Butterflies When the $VIX is in the Basement

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. In this presentation, Greg Loehr of Optionsbuzz.com discussed the … Read More

One’s Over Reaction is Another’s Opportunity

EUR/USD chart example

Volatility has ticked up in recent weeks. It’s about time. The major U.S. equity indices and currency markets have presented some sizable intraday movements. Uncertainty is beginning to re enter the markets. This is the time when traders shine the most. This is when the average traders improve and the good traders become great. Investors and uninformed watch their accounts … Read More

The Market Sells Off. Now What?

I was off the desk today travelling and visiting with family, but checked in several times to see how our traders were doing. It was an exciting day in the market. It is the type of day you typically see only a handful of times each year and as a short term trader you dream about being able to “crush it” … Read More

My Thought Process: $BHP

BHP was gapping lower and trading very actively in the pre-market. This message was to highlight it would be one of the best stocks to trade on the Open and my bias would be informed on which side of 78.50 it started the day. I initiated a short right on the Open against a 78.36 seller. This was the first … Read More

Free Webinar Recording: Three Intraday Time Frames

In this free Webinar, originally broadcast on January 30th 2013, Steve Spencer discussed the different time frames that can be used when trading intraday, what kind of information you should be noticing for each one of them, and some tips on how to trade them. This webinar is no longer available. Steve Spencer [email protected] No Relevant Positions Please follow and … Read More

Should Short Term Traders Consider News–Part III

On Friday I was chatting with a non-SMB prop trader that I trained several years ago. He was long DLTR when the WMT “news” broke around 2:00PM. From the chat messages you can see that we were in agreement that there was a short term “fading” opportunity in the retail names that had been quickly hammered based on a leaked … Read More