Here is an exchange on our trading desk in NYC today. Trader: She got stopped out of her position today. It’s a shame because the market has pulled back in a bit. Me: You have to trade with stops. If you were stopped out and then thereafter a stock/product/market traded in your direction too often trader laments their bad luck. … Read More
Finding Edge in $VXX
In our SMBU Daily Video Andrew Falde takes an in-depth look at the $VXX and searches for ways to get short through systems and signals. * no relevant positions
Why this trader succeeded while most fail
Recently, I exchanged emails with a successful prop trader at a Tier 1 firm. I have known him since he was deciding whether to pursue trading, while still in college. We have kept in touch during his trading career. He has become a *very* successful trader. I asked him to share his thoughts on why he became successful. Here is … Read More
Trading A Momentum Reversal–TSLA
This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn’t an easy or simple trade by any stretch. My thoughts on one way to make this trade easier… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
This Trader Wanted to Quit
Mike Bellafiore, noted author and founding partner of SMB Capital tells a story of an ambitious young trader that he met while giving a presentation at a university. This trader entered the professional trading world a few years later at just the wrong time. He was ready to throw in the towel — but he stuck it out for a … Read More
Preserving Profits When You Can’t Be At Your Screen
It can be troublesome when a trade is profitable and close to its target profit, yet a big move, unattended, could severely draw down that profit. Occasionally, an options income trader simply can not be at his or her screen. Seth Freudberg discusses a solution to that. Enjoy the video. * no relevant positions
SMBU’s Options Tribe Webinar: Options Tribe Member Dave Freitag: The Ten-Delta Move Trade
This week, Options Tribe member Dave Freitag presents his Ten-Delta Move Trade for the first time on our weekly webinar.
My trading is “garbage”
Hey Mike Couple of things….I’m reading my way through The PlayBook and felt I should send this GIF along…. Don’t know if I should laugh or cry at the garbage I trade. Again, my background over the years was to make $ trading the crap. its where I had an edge….. Obviously I no longer want to trade this way, … Read More