Archive for March 2015

Relative Volume (RVOL) Defined and Used

Mar 27th, 2015 | By | Category: General Comments
Hi Mike, I read One Good Trade last summer and it really turned a light on for me. Since then your weekly videos have kept me on the right path and helped me improve a little every week. I joined SMB Premium last year and then Trader90 and I’m now in DNA. It was the only logical next step. Thank you for helping me grow. I have a question. Is Rvol (as it is used in the play book check-ups) the multiples above normal volume a stock is trading during the trade being shown? Such as an Rvol of 2 would mean the stock is trading at two times its normal volume. I can’t find the answer and I’m not sure if that’s right. If Read more [...]

Improving your Trading Psychology with a Hedge Fund Trader

Mar 27th, 2015 | By | Category: Free Daily Trading Video
In our SMBU Daily Video, learn how to improve your trading psychology. In this video from Bruce Bower, you will learn: Mind set hacks of a champion How to cultivate the attitudes of a great trader How great traders and investors think What kind of mind set and attitudes great traders have We hope this video helps your trading. Get notified when a new video is uploaded! First Name * Email * Submit * no relevant positions Read more [...]

Trading After A Market Correction

Mar 26th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson, Trading Theory
In the Spring of 2014 both the biotech sector and momentum stocks were hammered during an eight week period.  I have developed a set of criteria to identify when this sort of market correction has likely run its course. If you are able to develop a system to identify when a major market turn is close then you are more likely to capitalize on the very powerful moves that occur in the following weeks. In the two months following this bludgeoning there were some amazing risk/reward opportunities in market leading stocks such as NFLX, FB, TSLA, PCLN and LNKD. I created this lecture in August 2014 for our DNA Mentoring Program Read more [...]

Trading is as easy as one…two….three…four (Video)

Mar 26th, 2015 | By | Category: General Comments
Step one you learn the best stocks to trade. Step two you learn the right setups to trade with these stocks. Step three you build best practices to make sure you do not miss these stocks and setups. Step four you trade these setups and develop skill with them. What could go wrong? Trading is as easy as one...two...three...four. But it's not and the video below is a real world example with real world traders at a real professional trading firm where traders made some very real mistakes. In the video below you will learn: The best stocks to trade How to find them Best practices to not miss them Examples Read more [...]

SMBU’s Options Tribe Webinar: John Locke: The Rock Trade: Some Recent Examples

Mar 26th, 2015 | By | Category: Options Education, Seth Freudberg's Blogs
Today, John Locke returns to the Options Tribe to review some recent examples of the Rock trade and how it fared in the current market. Read more [...]

10 Ways to Become a More Consistent Trader

Mar 25th, 2015 | By | Category: General Comments
I was sitting across from an ambitious new trader in Troy, NY (yes you read that correctly Troy, NY) enjoying the Brown's Pale Ale discussing ways to be more consistent as a trader. Now most of these conversations are started by traders who were never profitable. But not this one. This one was with a new trader who had mid-six figure success and yet had not quite become consistent. There were a few six figure days of losses. There was new doubt creeping into his trading of whether he would make it after these rips. There was trading capital left that was starting to get thinner an uncomfortable. There was a concern of Read more [...]

Former Sandwich Shop Owner Becomes Professional Options Trader… Watch His Story

Mar 25th, 2015 | By | Category: SMB Options
We are proud to tell stories like this one... After all, we are a trading firm first. We are committed to helping traders succeed... if they are willing to put in the work. Check out Derek's story. He signed up with us years ago. He learned our strategies and now our firm has funded him to trade at a bigger size. That's not a story you can regularly run accross in the trader education world. This is a recording of a presentation that Derek gave in which he talks about one of the strategies he developed. No hype here... just a pro trader telling his story and showing his strategy... And it's here for you to watch completely Read more [...]

Help! This Isolation is Killing My Trading!

Mar 24th, 2015 | By | Category: General Comments
Dear Mike, I am almost through reading your book One Good Trade. It’s phenomenal! Now one of my favorite books about trading, it really altered the way I think – helping me purge the psychological demons and reinforce good habits. I completely agree with your viewpoint that trading as part of a team compounds the learning process. I have been day trading since the beginning of 2014. I have tried out chatroom communities like (deleted) and (deleted) and made friends with great traders whom I think of as my mentors, but I still feel isolated. I live in Indianapolis and work from home. Chatrooms are just not the same Read more [...]