Score one for the profit takers

BellaGeneral Comments

Trader A stopped me in the hall to OK his large options put buying (bet to the downside). He has more exposure than his risk parameters allow. I ask the length of the trade. He replies, “maybe Monday.” I ask whether that makes sense for him. He thinks about it but responds the longer play is the trade. We agree … Read More

Game over

BellaGeneral Comments

I was chatting with a veteran trading coach about a trader in drawdown.  Is this drawdown part of her strategy or is she making it worse?  Are you making things worse for your trading with your worst trades? Veteran Trading Coach: I actually love how she fights so much.  She never wants to admit defeat in a trade until she … Read More

A Formula for Evaluating and Selecting a Set of Trading Systems

smbcapitalFree Daily Trading Video, Systems Development, Systems Trading

Here are the two main ideas to focus on while you watch this video: – A Small Positive Drift + Diversification = Smooth Returns – Smoothness is not the only goal. We want Smoother AND Steeper returns. Furthermore, I hope these concepts demonstrate that smoother and steeper results can be achieved without taking on excessive leverage. Share your thoughts with … Read More

Adapting to Changing Market Conditions

smbcapitalFree Daily Trading Video

In our SMBU Daily Video, Steven Spencer discusses the range expansions occurring in today’s market. We take a close look at the ranges that have developed in the $SPY over the past months. We hope this video helps you improve your trading skills. Subscribe to SMB’s YouTube to keep updated on new videos! * no relevant positions