Archive for June 2016

SMBU’s Options Tribe Webinar: SMB Capital Options Desk Trader Alex Porcaro: The Longer-Term M3: observations from back-testing and live trading

Jun 29th, 2016 | By | Category: Options Education, Seth Freudberg's Blogs
This week, SMB Capital Options Desk Trader Alex Porcaro returns to the Options Tribe to discuss an M3 trade that is initiated much earlier than usual and his observations about the trade from backtesting and live trading this approach. Read more [...]


Entry Types For Momentum vs Rangebound Plays

Jun 29th, 2016 | By | Category: General Comments, market structure, Technical Plays, Trading Conversations
Last Friday we had a great talk, with Brexit fresh off the press, during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, how to adjust your trading to handle volatility, and more! Not a bad way to wrap up your trading week with some open trading conversation. One highlight from the webinar was around adjusting your entry type to fit the trading style being deployed. Specifically, we discussed using passive vs aggressive entries for rangebound vs momentum conditions. There are caveats to just about any blanket "trading rule", but in general I use more Read more [...]


SMBU’s Options Tribe Webinar: Robert Chastain of Monarch Capital Group: Practical Options Tactics

Jun 23rd, 2016 | By | Category: Options Education, Seth Freudberg's Blogs
This week, Robert Chastain debuts on the Options Tribe to discuss practical options tactics that he has developed over his long career as an options trader. Read more [...]


A Trading System for Volatility

Jun 22nd, 2016 | By | Category: Free Daily Trading Video
Andrew reviews a VXX strategy to see how it would have handled several high volatility events over the past several years. Read more [...]


Why did LVS trade through 44 if that was support?

Jun 21st, 2016 | By | Category: General Comments
LVS hit our radar for a Spencer (my trading partner) 2nd Day play.  There was not much a news catalyst in LVS, but yesterday it traded a higher RVOL, finished near the bottom of its range, and traded significantly weaker than the market.  We walk onto our trading floor today wondering if there will be follow through or a bounce from support at 44. Where is support?  We look to our longer term technicals for this answer. On a Daily chart, we find 44 as a support level in LVS.  We think: could it drop on the open to there and bounce off of support?  We overlay a trading pattern from our PlayBook for such a trade.  We do Read more [...]


Underperformance and Your Beliefs

Jun 20th, 2016 | By | Category: General Comments, market structure, Trading Conversations, Trading Psychology
We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, and I wanted to share it with you here today. The thought is that not all trading sessions provide equal opportunity. That may sound obvious to you at first, but do you really live by that belief? Do you know what types of environments you outperform in? Do you Read more [...]


How do I use previous support and resistance levels?

Jun 20th, 2016 | By | Category: General Comments
Hi Bella, I have been learning a ton from One Good Trade, The Playbook, and all the online educational content you have. Thank you! When you are analyzing a stock “in Play” and looking at previous support/resistance levels, how much weight do you give them going forward with that days trading? After all, we would be trading this stock in play BECAUSE it is acting unusual, which might make those prior levels less meaningful on this day. How should I think about this when analyzing a stock in play? Thanks so much for being one of the TRUE educators in this space! Best, Ben @MikeBellafiore Whenever we make Read more [...]


FED Day Trading

Jun 17th, 2016 | By | Category: Free Daily Trading Video
In this video, Steve discusses how short term traders trade index ETFs on a "FED Day." Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected] Read more [...]