Archive for February 2017

5 inspirations from Dr. Steenbarger’s Master Class

Feb 28th, 2017 | By | Category: General Comments
Yesterday I posted 21 key takeaways from Dr. Steenbarger's recent Master Class at the TradersExpo.   During the introduction of the Master Class Dr. Steenbarger challenged us to write down our goal for our time with him.  I wrote, "To be inspired with ideas to teach and train our guys better!" He promised not to stop teaching until each of us had achieved our goal.  For me, he delivered. Today, I would like to share 5 inspirations from the Master Class to train our traders better. 1. Develop a revised checklist for One Good Trade.  I developed a template for a good risk/reward trade in One Good Trade.  Dr. Read more [...]

21 key takeaways from Dr. Steenbarger’s Master Class

Feb 27th, 2017 | By | Category: General Comments
This Sunday I had the privilege of taking Dr. Steenbarger's Master Class, trading coach and author, at The TradersExpo NYC.  It was four hours jam-packed with learning.  The Master Class was truly exceptional! Many have reached out to my inbox and asked for me to share my notes with you.  I will do so here. To become a distinct trader you must leverage your personality and cognitive strengths. Distinctive traders possess distinctive strengths. Conscientiousness and resilience build success. Openness to experience sustains success. The largest players use factors to make trade decisions. The successful Read more [...]

Master Class taught by Dr. Steenbarger

Feb 24th, 2017 | By | Category: General Comments
I am really excited to be taking the Master Class taught by Dr. Brett Steenbarger, trading coach, this Sunday at The TradersExpo NYC. Our culture at SMB is simple: improve every day. That starts with me and continues through all, including the newest of newbs. I was privileged to see an outline of the Master Class and provide feedback, which I would describe as jam-packed with learning. If you are in the NYC area, and serious about working on your trading game, I hope to see you at the Master Class. Bella *I will be presenting Monday at the TradersExpo NYC at 8:15AM- 8 lessons from the prop desk: Success stories Read more [...]

SMBU’s Options Tribe Webinar: Paul Forchione of Optionvue Systems, International: “Butterflies and Calendarized Butterflies”

Feb 24th, 2017 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week, options educator and strategist Paul Forchione returns to the Options Tribe to show how he uses OptionVue software to structure and analyze these positive theta spread positions in various futures markets. He will show how these positions behave in relation to market movement and changes in implied volatility by generating performance curves and discussing the Greeks. Read more [...]

Sometimes it’s your job to lose money

Feb 23rd, 2017 | By | Category: Free Daily Trading Video
In this video, Seth Freudberg discusses why it is disadvantageous for a trader to get into a mindset that he must win every trade at all costs. He must instead accept that the best trades have anticipated losing months in each year, no matter how well designed that strategy is. Read more [...]

One of the Most Important Trading Skills You Need to Develop

Feb 23rd, 2017 | By | Category: General Comments
This coming Wednesday, after the market close, Bella is going to teach a trading class about one of the most important trading skills that many traders don't understand. Tape reading is a crucial skill for all types of traders. Not just intraday or short term traders. Tape reading skills add value to trades that are held for swing, intraday and even long term. You can add your to P/L by improving your price at entry and exit. Short term traders can find excellent risk/reward opportunities that will never show up on the price chart. Tape reading is a leading indicator and one of the most widely underestimated tools for traders. Mark Read more [...]

The End of Volatility

Feb 17th, 2017 | By | Category: Steven Spencer (Steve's) Blogs
  During the first three years of my trading career I participated in a stock market that seemed to move 1%+ almost every day. That market was built for short term traders. But during that same time period regulators pushed through a series of market structure changes that I believe laid the foundation for a long term decline in stock market volatility. I now believe those structural changes as well as other technological developments make it unlikely the price gyrations that were once common place will ever return. Structural Changes In 1997 the SEC approved the alternative quotation networks known as ECNs to offer Read more [...]

Impatience is a major enemy of beginner options traders

Feb 16th, 2017 | By | Category: Free Daily Trading Video
In this video, Seth Freudberg details the problems of raising capital level too quickly and suggests an alternative way to structure your growth process as an options trader. After experiencing some success over a small time period, they decide that they can trade much larger without understanding the tragic ramifications of increasing your capital level too quickly. Read more [...]