See the hypos!

Merritt BlackFutures, General Comments, Intraday Levels, market structure, Trader Development

I’m grinning from ear to ear today. One of my mentees was tasked yesterday to begin preparing premarket “hypos” each morning. It’s just what it sounds like – a few hypotheses for how the day might unfold, therefore providing a roadmap for the day with key inflection points and potential targets. Here’s a screenshot of his premarket journal post in … Read More

Competition at a prop firm fuels increased PnL

BellaGeneral Comments

People often ask ne the value of trading at a prop firm.  And there are many value adds that a prop firm brings to a trader, but I want to focus on one powerful performance driver. Competition! When SMB first formed a JV with the Kershner Trading Group our younger traders were in awe at the PnL numbers of the … Read More

Trading Binary Events

smbcapitalFree Daily Trading Video

In this video Seth Freudberg discusses how to trade options around binary events like US Elections, Brexit, and Fed announcements. He looks at the thought process professional traders take around these events.

What would you tell your younger trader self?

BellaGeneral Comments

As I write, I am headed to Austin, Texas to train the newest class for our partners at The Kershner Trading Group.  We train the new traders down there as a part of our JV (joint venture) with KTG. I will be training these new traders using The SMB Foundation, Part I of three parts of our training. Today in … Read More

SMBU’s Options Tribe Webinar: Kerry Given of Parkwood Capital: The Ubiquitous Diagonal Spread

smbcapitalOptions Education, Seth Freudberg's Blogs, SMB Options

This week Kerry Given returns to the Options Tribe the use of the diagonal spread. The diagonal spread is a basic options strategy, but it is versatile and may be used in several different market situations. In this webinar, Kerry Given, a/kl/a Dr. Duke, will discuss the basic aspects of the spread, the pros and cons of strike selection, and ongoing management of the trade. Several examples of diagonal spreads will be reviewed to illustrate the principles of this trade.

Did A Short SetupTrigger in JPM?

sspencerSteven Spencer (Steve's) Blogs, Trading Ideas

Following JPM’s earnings report it gapped higher then faded the rest of the day. Steve Spencer discusses a possible short setup. 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 20 years. His email address is: [email protected]. No relevant positions