Archive for September 2013

EUR/USD Great Trading Range

Sep 30th, 2013 | By | Category: Marc Principato, SMB Forex
The EUR/USD is in a bull flag pattern. To us that means long and short potential. Subscribe: Help me write my book: Training Info: My analysis on Twitter: Webinar and Trade Review Archive: -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own schedule Learn SMB′s Unique Strategy Trade Confidently in 6 Weeks Click here for a free trial of our chatroom Read more [...]

The Incredible Power of an Options Trading Plan: Much More than Options Trading Strategy

Sep 27th, 2013 | By | Category: General Comments
One common reason that options traders can’t find consistency is because they lack of a trading plan. You may be able to track your performance, but without an options trading  plan it will be very difficult to repeat your success and minimize risk. A comprehensive options trading plan outlines how you will trade (your method), how much money you will allocate to trades, how much risk you can afford and defines your overall performance goals. Deciding on your option trading strategy and adding it to an overall trading plan is critical in your journey to finding success in options trading. As discussed in a previous article, Read more [...]

Behind Old Support / New Resistance?

Sep 27th, 2013 | By | Category: Marc Principato, SMB Forex
  A basic market concept that can really help to identify important levels in any market. Subscribe: Help me write my book: Training Info: My analysis on Twitter: Webinar and Trade Review Archive: Read more [...]

Get a Free Copy of The PlayBook

Sep 26th, 2013 | By | Category: General Comments
The PlayBook, written by SMB co-founder Mike Bellafiore and author of the "trading classic" One Good Trade, is free for a limited time for the Kindle here. We hope you enjoy it! The SMBU Team No relevant positions Read more [...]

The Options Trading Golden Compass: How to Review Your Trades

Sep 26th, 2013 | By | Category: General Comments
One of the hardest things to do while attempting to become a profitable options trader is to find a strategy that you are comfortable with and then sticking with it long enough to give you a chance to play out over many trades. Many of us believe that we can purchase an options trading course or read a book and instantly be on the path to profitable options trading. But what typically happens is, after a few bad trades, the person moves on to try to find the next best thing whether it is another options trade or some other type of trading strategy. One of the most important elements in determining if your options trading strategy Read more [...]

PlayBook Exercise: RHT

Sep 26th, 2013 | By | Category: General Comments
Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake's posts reflect a better journey for the college student with a passion for trading. Here's an earlier post by Jake, "Do We Really Need Rules?". Related blog posts: First Team Wall Street: The Next Generation So You Say You Want to Be a Pro Trader No relevant positions Find Your Trading Confidence in Just Ten Weeks Discover the principles of elite performance and the eight core topics that have the greatest impact on your trading success. Read more [...]

The Butterfly Options Trading Strategy: Improve Your Reward-to-Risk Ratio

Sep 26th, 2013 | By | Category: General Comments
In this article we are going to discuss another options trading “income” strategy called the Butterfly. There are actually two strategies which fall into this category the “Butterfly” and the “Iron Butterfly”. The Butterfly is created using either all call options or all put options where you have a debit and credit spread joined At-the-Money by the short strike price of both spreads. The Iron Butterfly is made up of a put option credit spread combined with a call option spread just like Iron Condor except that, once again, the short strike prices of both spreads are At-the-Money. For example, assuming that IBM Read more [...]

The DNA of Successful Trading

Sep 25th, 2013 | By | Category: General Comments
"Weaknesses don't matter if you find solutions." — Ray Dalio SMBU is launching a new educational opportunity for the trading community. It's a new structured mentoring program called The DNA of Successful Trading! This is the brainchild of co-founder @sspencer_smb who thought the SMB Foundation, our flagship training program, and its demanding schedule of ten hours a day for 5 weeks, excluded so many who needed help on their trading game. Many want to work on becoming better traders but cannot commit to ten hours a day. So we started drafting, crafting, thinking, and gathering feedback from the SMB Trading Community on their Read more [...]