Archive for January 2017

5 Lessons from the Prop Desk

Jan 31st, 2017 | By | Category: General Comments
I was grateful to be asked by my friend, JC Parets (@allstarcharts), to present at Chart Summitt 2017. My mandate? Share 5 lessons from the prop desk. As always, I love to include anecdotes from traders succeeding on our desk to teach. And I did so again here in this online presentation. My 5 lessons from the prop desk were: 1) My favorite setup to trade is a Changing Fundamentals Trade. 2) My favorite new setup to teach is a wedge pattern with a Stock In Play. 3) Scalpers, who Read the Tape at an advanced level, can make real money. SWang's path to High Performing Trader is an example from our desk of how. But perhaps Read more [...]

Get Your Exclusive Inside Look of “The Winning Trader” Program

Jan 30th, 2017 | By | Category: Trading Lesson
The Winning Trader is a very intensive 10-week training experience. This Wednesday we are inviting the entire SMB community to attend the orientation webinar. During this webinar, you will learn about the tools, mentoring meetings, and training modules that are included in The Winning Trader. This is the last open meeting before we buckle down and get to work with everyone that has signed up for the live 10-week training. Save the link below and mark your calendar to join us Wednesday February 1st at 4:15 PM Eastern (NYC) If you haven't signed up for TWT... right now Read more [...]

Fail, win and then fail some more to become a winning trader

Jan 29th, 2017 | By | Category: General Comments
Part II of our training program on our prop desk in NYC is Trader Development.  There is a lot of necessary and wonderful failing that goes on during Trader Development. During this process traders experiment with different setups that we highlight. There are trading strategies worth exploration that active traders use to win. We continually point them out daily during mentoring sessions and real-time audio calls. This week, traders on and connected to our desk knew we were making large trades in PULM and more importantly, the setup. We share my new favorite trading pattern to teach. Traders could see and hear Read more [...]

The trading setup that turned one trader into a 7-figure trader (On demand video)

Jan 28th, 2017 | By | Category: General Comments
Thursday we held an online class for our trading community: The trading setup that turned one trader into a 7-figure trader. The replay of this class can be found below in HD video. Here is what you will learn from this class: The trading setup that catapulted a floundering developing trader into a 7-figure trader The path this trader traversed from new to 7-figure trader, which will surprise some Access to questions and answers from the live audience An introduction to your opportunity to train with us and learn 10 setups in 10 weeks with The Winning Trader For those who watch the replay and have trading questions, Read more [...]

SMBU’s Options Tribe Webinar: Ron Bertino: The Space Trip Trade

Jan 27th, 2017 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week , Ron Bertino makes his debut presentation of his signature Space Trip Trade which Ron designed as a downside hedge to a trader’s at-the-money market neutral options strategies. Ron will show you how this strategy takes advantage of portfolio margin or SPAN margin, while maintaining a comparatively conservative T+0 line. Ron will demonstrate how the trade later morphs into a downside hedge with very little downside risk at that point in the trade Read more [...]

Misery–Nothing Worked Today $CREE $STX $EAT

Jan 26th, 2017 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
(1/25/17) Things didn't work out so well today. Technically, EAT trade idea worked perfectly but I forgot to enter my "trading script" pre-market so I missed the short at 46, which worked perfectly trading down $2 to our first support area. It's actually my second favorite setup for a stock reporting earnings: poor EPS & guidance that pops to well defined resistance right on Open and fails. No excuses for missing this one. Nailed the levels perfectly. Finished our AM Meeting at 9:10AM so had 20 minute to enter all my scripts prior to market Open. The next two stocks: STX & CREE are a different story. Got stopped Read more [...]

I like this trading pattern in Mattel ($MAT)

Jan 26th, 2017 | By | Category: General Comments
I like this trading pattern in $MAT: a) stock gapping down b) stock with a negative news catalyst c) fight on the tape where the seller wins d) holding below VWAP e) no longer term technical support in sight f) staircase stepping down visually on our charts g) hold short for a real move We have this pattern today in MAT. MAT gapped down. It had terrible earnings: There was a huge fight on the tape at 27.45, where the seller won. It is holding below VWAP, which is 27.33. The next longer term technical support level is not until near 26ish. The chart is visually appealing. The point Read more [...]

A trading strategy newly stressed on the prop desk

Jan 25th, 2017 | By | Category: General Comments
A tight wedge pattern for Stocks In Play is favorite trading strategy newly stressed on our proprietary trading desk. Two chart examples of this trading pattern were seen just yesterday with ATI: and CSX: I prefer when these wedge patterns appear in a Stock In Play- something with a news catalyst behind it. Breakouts from these wedge patterns work best with these patterns when increasing volume enters the stock. I prefer buying these patterns when they are holding above VWAP. My observation is not enough active traders utilize this strategy.  Many developing and new active traders should emphasize Read more [...]