The topic of mindfulness has exploded in popularity in the broader public. Meditation and meditative activities like yoga are seemingly everywhere, building on the runaway success of books like Eckhart Tolle’s The Power of Now. This whole interest in mindfulness has only just started to filter through into the world of investing and trading, where I think that it can … Read More
When to be Hard on Yourself as a Trader (SMBU Daily Video)
In this video, I outline one of our best trades of the month in $GENE, and more importantly, what we needed to learn after that huge trade. And I question why many traders are so hard on themselves when they are stopped out on a losing trade. It can sound like this after one of these losses: “How could I … Read More
Open Your EYES!
Take a look at this daily chart for EYES. In the past three months one day in particular stands out. Something that is “not like the others” from a price and volume perspective. What does that day signal? What sort of price action would you look for following a day like that? What trading setups and time frames would you … Read More
SMBU’s Options Tribe Webinar: Seth Freudberg To Host a Panel of Options Tribe Trading Contest Leaders
Today, Options Tribe contest leaders will be reviewing their winning trades for January and taking questions from webinar participants. These are excellent traders and this is sure to be an important learning experience for all concerned.
This Price Action Often Leads To A Sharp Down Move
In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More
Game Plan Review–$FSLR $SPWR $AAPL $MU $TOL $HD
Each Tuesday after the market close I spend some time reviewing trades from our pre-market game plan. The game plan is shared every morning with traders on our desk and SMB Trader 90 members. One of our 7 trading fundamentals is “proper preparation”, which means having a process for selecting stocks to trade each day. Our AM Meeting is one way we help young … Read More
The Value of Building a Trading/Investing Network
On the top left hand corner of one of my 6 trading screens (and above the ice tea with lemon) stands a list of professional traders that I follow on StockTwits and Twitter. This is my intraday trading social media trading network. I need it to make better trade decisions- as much as my ice tea or perhaps your ice … Read More
Trading a Special Dividend
A special dividend can be a high probability trading setup. $COST paid out a one time dividend of $5.00. The stock was bid up ahead of the record date and sold off the day after. In this video, Steve discusses how you can capture this trade. *no relevant positions