Q: What does your average day trader earn in percentage terms per year? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. During this Webinar we were asked the question above. In One Good … Read More
Maximize Your Income with the Calendar Spread: An Options Trading Strategy
We have discussed the definition of two options trading income strategies before: the short vertical spread and the iron condor. In this article we would like to introduce you to another options strategy called the “calendar spread” which is also known as the “time spread”. Like the short vertical spread, when employing the calendar spread strategy, we are selling one … Read More
Spread Trading: Three Timeless Lessons You Need to Know (Including When to Close a Debit Spread)
In this second article about debit and credit spreads we will discuss when you might want to use a debit spread over a credit spread or vice versa. To review, we previously discussed the fact that there really isn’t a meaningful economic difference between a credit and debit spread on different sides at the same strikes. It just comes down … Read More
Major Resistance Areas Reached? What to Look For.
S&P 500 and major currencies have reached major resistance levels but don’t be so quick to short. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Try Not To Do The Heavy Lifting in Trading
What I mean by this title is that once buyers (or sellers) have become committed to a move in a stock, there tends to be a general “bandwagon effect” as more and more people believe in a general change in trend, either to the long or short side. Let the big guys with much more money than you and me … Read More
Ask The Trading Doc: How Do I Take On More Risk?
Hi, Mike. Thank you very much for writing The Playbook. I thoroughly enjoyed it and my own playbook is coming together nicely. I’m curious if you have any thoughts on what a trader can do to shift their psychological skew from Afraid to Lose to Afraid of Missing Out? Is it just a matter of screen time and repeatedly/mechanically taking the A+ … Read More
Can You Manage Your Swing Trade Loss Like This?
Taking losses is part of the game. Learn what you can do to minimize them, Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge
The Trading Technology You Must Have
Mike, I’m in the first day of the equities foundation course and I have a quick question: What trading software is currently being used for intraday? Is this something that I get access to through SMB? Thank you! @mikebellafiore We use proprietary trading software Gr8 trade. It is only available to our in-house traders on our prop desk in NYC. … Read More