Archive for October 2015

What I learned from visiting SMB Capital

Oct 30th, 2015 | By | Category: General Comments, Guest Blog
Here's a guest blog post from Austin Mitchum, an active writer on his blog A Technician Plays that Market.......... I have just returned from a very special holiday in New York. Whilst there, I was fortunate to meet with Mike Bellafiore (Bella), co-founder of SMB Capital and author of “One Good Trade” and “The Playbook”. SMB is a proprietary trading firm with a major focus on developing and training traders. They offer a wealth of information on enhancing trading performance which can be found on their blog: http://www.smbtraining.com/blog/. I read their work religiously and find it immensely insightful. It is for this Read more [...]


Execution Trumps Trading Ideas Every Time

Oct 29th, 2015 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
The fourth stock discussed in today's AM Meeting was NXPI. It was gapping lower on very negative guidance for next quarter. A common intra-day pattern with this type of news is an explosive move to the upside in the first few minutes followed by a downside reversal. I noted in the meeting that because the gap was so large the price action would probably be tricky and thus it wasn't one of the top 3 stocks I was considering. Nevertheless a quick pop on the open to 79-80 presented a good short entry so it was worth mentioning. Prior to the Open rather than placing a script to short NXPI in front of 80 I placed price alerts Read more [...]


How We Traded TWTR and How to Trade it Going Forward

Oct 29th, 2015 | By | Category: Free Daily Trading Video, General Comments
In our SMBU Daily Video, Mike Bellafiore discusses how he traded TWTR and how to going forward. Here are the keys for TWTR: MAUs (Monthly Average Users) Innovations to make TWTR easier to use The success of Moments The Street's view of @Jack TWTR as a takeover candidate We hope this video helps you trade Twitter better. Transcript Welcome to the SMBU Daily Video - how to trade Twitter. Following Twitter's earnings report it traded down after hours quite a bit and it did so because of this reason - their monthly active users or their MAUs. They missed consensus. The consensus for MAUs was 324 million and they Read more [...]


Shorting A Momentum Stock

Oct 28th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
Last week Under Armour reported earnings and there was a solid short setup. Check out the video below where I discuss. These were my thoughts on UA UA has had a huge run the past year and if the quarterly numbers disappoint many of the momentum investors involved will sell first and ask questions later. This means there could be selling pressure on the stock until it pulls back to longer term support areas where new investors are interested in buying. A lot of the buying was done between 98-100 leading up to earnings so a bounce to that area is where many people would look to exit their positions. If the stock fails in Read more [...]


SMBU’s Options Tribe Webinar: Options Tribe Member Brian Larson Presents the Rhino Trade

Oct 28th, 2015 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week, Options Tribe member Brian Larson appears for the first time on the Options Tribe to present the signature “Rhino” trade that he personally developed. It should be a great presentation and we are looking forward to your attendance! Read more [...]


Options Trading Modes (SMBU Daily Video)

Oct 27th, 2015 | By | Category: Free Daily Trading Video, General Comments
In our SMBU Daily Video, learn more about the two modes of options income trading. In this video from Seth Freudberg, you will learn: Greek based trading mode Statistically based trading mode How our option traders develop option income strategies pertaining to these modes We hope this video helps you improve your trading. - SMBU Team * no relevant positions Read more [...]


Trading thoughts on Weight Watchers, McDonald’s, SPY and America Express

Oct 23rd, 2015 | By | Category: General Comments
Mike Bellafiore was interviewed for Benzinga Premarket Prep this week.  He gave his trading thoughts on Weight Watchers, McDonald's, SPY, American Express, MMM, ACAT, CTXS.  Here is what you can learn as a trader from this discussion: The reversal trade in WTW that Mike and SMB made and he is asked about in detail The key level to watch in SPY Why Mike was looking to trade AXP, MMM and ACAT on the short side The swing trade in MCD long that Mike described as an excellent R/R *no relevant positions Read more [...]


SMBU’s Options Tribe Webinar: Options Tribe Member Tom Hughes: A Broken Wing Butterfly Strategy

Oct 22nd, 2015 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week, Options Tribe Member Tom Hughes appears for the first time to discuss the monthly Broken Wing Butterfly trade that he personally designed. Read more [...]