Archive for December 2014

Ooops!…. the Market Did it Again in Civeo

Dec 30th, 2014 | By | Category: General Comments
Apologies to Britney Spears fans, but the market did it again.  Last time it was in Seadrill.  Today it was in Ceveo.  Both companies crushed after they suspended their dividend. I shared how we attacked Seadrill here last month: How a Stock Can Trade when their Dividend is Cut. I shot a video explaining the trade below: We had a similar trade today in Civeo.  Before the open they announced a dividend cut and worse:   And then $CVEO traded down all intraday at its Low of Day.  Ouch!   There will be more companies, particularly in the oil and gas space as oil prices plunge, eliminate Read more [...]


Options Trading for Income with John Locke for December 22, 2014

Dec 28th, 2014 | By | Category: General Comments
John Locke www.lockeinyoursuccess.com A great way to improve your trading results is by keeping up to date with the latest trading techniques and current market conditions! Click HERE and join me every Monday at 9 AM EST for our free “Options Trading for Income” Webinars! Where you get expert analysis of the markets and the opportunity to follow along with the best options trading strategies in the business. Experience two free group mentoring sessions! http://www.smbtraining.com/blog/john-locke-group-mentoring-open-house-session-2-of-2 http://www.smbtraining.com/blog/john-locke-group-mentoring-open-house-session-1-of-2 Learn Read more [...]


Make Trading Changes Like Coach K to Prosper in 2015

Dec 28th, 2014 | By | Category: General Comments
As we approach the end of the year this is an excellent time to consider trading changes.  Call it your New Year's Trading Resolutions.  Actually the now is always a good time to consider changes to your trading but that is a whole separate discussion.  Let's just follow the trend and encourage the presently motivated to make trading changes. One of our great college basketball coaches, if not our best, has.  Coach K used to place an emphasis on recruiting 4-year players.  This year his team stars one-and-done freshmen and sits at #2 in the college basketball polls.  Some say this is his best team ever.  How quickly people Read more [...]


SMBU’s Options Tribe Webinar: John Locke: The Rock Trade—2014 review

Dec 24th, 2014 | By | Category: General Comments, John Locke, Options Education
December 30, 2014 Today, John Locke returns to the Options Tribe to review the hypothetical performance of the Rock Trade in 2014 SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders and experts in the world of options trading share live presentations. Options Tribe meetings are generally free to the public and are held every Tuesday at 5:00PM ET. If you wish to register to this meeting, please click here. We look Read more [...]


SMBU’s Options Tribe Webinar: Derek Vanderpool, SMB Options Desk Trader: Trading Weekly Options in Multiple Time Frames

Dec 22nd, 2014 | By | Category: General Comments, Options Education
December 23, 2014 Today, Derek Vanderpool, successful trader on SMB’s Options Trading Desk, presents for the first time on the Options Tribe on his approach to weekly options trading. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders and experts in the world of options trading share live presentations. Options Tribe meetings are generally free to the public and are held every Tuesday at 5:00PM ET. If you wish to Read more [...]


A Smooth Sea Never Made a Skillful Sailor

Dec 21st, 2014 | By | Category: Guest Blog, Health and Trading, John Locke, Options Education, SMB Options, SMB Video Blogs, Trade of the Week, Trader Development, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
People are made for challenges. When we respond to challenges, we become alert. As we move and think to overcome those challenges, we build physical and emotional muscle. We open up our bodies and minds to new possibilities. We learn and grow at an astounding pace, becoming stronger and creating amazing things. In the absence of challenge however, the opposite happens. We become lazy. With no need to move or think, our strength and skills deteriorate.  Our reflexes become slow and our minds close down. This is why I warn of the dangers of a smooth sea. Everyone is a great trader when the market is calm and predictable. Read more [...]


Enhancing Trader Performance with Classics in Technical Analysis

Dec 21st, 2014 | By | Category: General Comments
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note “If I have seen a little further it is by standing on the shoulders of Giants."  Sir Isaac Newton We are all influenced in one way or another, good or bad, by what we read and study.  Technical analysts are influenced by the books (= authors) they read, with the “trading greats” eventually settling on specific and well defined trading edges that they can claim as their Read more [...]


The Double Reversal Purple Nurple–$SPY

Dec 16th, 2014 | By | Category: Steven Spencer (Steve's) Blogs
Today's market action presented some interesting twists and turns. Around 6AM the SPY got hammered about $3. By the time I turned on my platform we had already bounced around $1. I sold about 25% of my positions and got ready to head for the office. My gut told me that it was OK to sell some stock "in the hole" as global fears were really starting to heat up and this could be a day "there was no bounce". By the time I arrived at the office we were slightly higher but still well in negative territory. After the market Open at 9:30AM prices in my positions stabilized and a few went green before the market went positive. I decided Read more [...]