Archive for April 2016

Is the Rest of 2016 Setting Up to be Weaker Than “Normal”?

Apr 29th, 2016 | By | Category: General Comments
Andrew Falde walks you through the charts and shows you the statistics going back to 1960, and what they indicate about the current market conditions. Read more [...]

Risk Management for New Traders

Apr 28th, 2016 | By | Category: Free Daily Trading Video
In our daily video Seth Freudberg discusses risk management advice for new traders. Some key points made by Seth: Get into mindset that you will be in your job for a few more years at least. Trading options can stay in your current job as long as you have internet access 3-5 times per day. Find options strategy that works for you and fits your personality Trade it small for at least 6 months then increase capital 5% per month Rinse and repeat * no relevant positions Read more [...]

What will they say about you?

Apr 25th, 2016 | By | Category: General Comments
What will they say about you after your trading career? I was interviewing a female retail trader for a spot on our desk and asked her one of my standard questions.  She was self-taught, a single mom, former teacher, living in the Dallas/Forth Worth region and posting consistent six-figure returns, with a small trading account. I asked: who is your role model and why? She thought, chuckled in a friendly Southwestern charm, and then answered, “I would have to say my grandmother.  All of her kids turned out great. Yeah all of her kids turned out great.  I would have to say my grandmother.” When you are in the heat Read more [...]

Earnings Season in Full Swing!

Apr 22nd, 2016 | By | Category: Trading Ideas
Only four times a year do we get the opportunity to participate in some of the biggest moves individual stocks will experience during the rest of the year. To take full advantage of these opportunities, the work often starts the night before and hours before the market opens. What is your process to prepare for trading these opportunities before the market opens each day? Do you have a process?? We want to show you exactly how we approach the earnings season trading sessions each day -- and throughout the day. Ever notice how professional traders on our desk have several monitors? Much of that screen space is filled Read more [...]

How to Read the Tape on the Short Side

Apr 22nd, 2016 | By | Category: Free Daily Trading Video
In our SMBU Daily Video Mike answers a question from a reader on whether or not reading the tape is any different on the long or short side. The same thinking applies to both the long and short side. You must also consider news catalysts, where we are in the overall market, long term and short term technicals. * no relevant positions Read more [...]

Time Diversification of Options Trades

Apr 21st, 2016 | By | Category: General Comments
Seth Freudberg discusses how to diversify your options portfolio. In our Daily Video he focuses on how time is one of the best means of diversifying market neutral income trades. It’s best to diversify your options income strategies so that they are not all subject to the exact same risks. One important form of diversification is to spread the initiation of different strategies over time to initiate trades at different market price points. This video discusses how to select the strategies that are best initiated within different time frames. * no relevant positions Read more [...]

Weekly “Trading Conversations” That Help You Win

Apr 18th, 2016 | By | Category: General Comments
Each Friday, SMB U hosts a live Q&A style trader education event called "Trading Conversations". These events are free to attend. Click here to register to attend this Friday's session now.     No relevant positions. Options Risk Disclaimer    Forex Risk Disclaimer    Futures Risk Disclaimer Read more [...]

3 steps to win as a trader

Apr 18th, 2016 | By | Category: General Comments
In a previous post, I suggested this video on how to win, by Brett Ledbetter. How do we apply the lessons from this video of performance wisdom and apply it to our trading, so we improve? How does this video help us win as a trader? Consider three simple steps to improve as a trader and start winning: 1) Determine your goal as a trader. What do you want from markets? Perhaps your goal is to become a CPT (consistently profitable trader), as I termed in One Good Trade. Perhaps your goal is to raise your game from 200k to seven figures a year, as one veteran trader expressed to me in Chicago. Perhaps your goal is Read more [...]