Archive for May 2017

I just need to eliminate my ehh trades

May 24th, 2017 | By | Category: General Comments
Last night, I was reading the review of one of our traders, Trader A, who wrote, "I just need to stick to my plays that make me money (ETRM, TWTO, GLYC) and just faze out those ehhh ehh trades, I will become very consistent and very profitable." To Trader A, I responded, " When u say get rid of ehh trades be more specific. My PlayBook is abc (specific variables that make up the trade) My antiPlayBook is 123 789 2334 trades (specific variable that define the trade) Specific, specific, specific." Said another way, I do not understand what I want to faze out my ehh trades means.  What are your ehh trades?  If you do Read more [...]


SMBU’s Options Tribe Webinar: Frank Fahey of Optionvue Systems, International: How an options veteran trades broken wing butterflies

May 24th, 2017 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week, former market maker and options trading professional Frank Fahey discusses how he trades broken wing butterflies in a large account. Read more [...]


Trade to your strengths…..no really do this

May 23rd, 2017 | By | Category: General Comments
It is a bit of a trading cliche now to "trade your strengths".  As a trader, one gets tired of reading these trading maxims. Hugh Kimora, Trading Heroes, said this well for traders in his recent post here: But the vast majority of trading books out there are targeted at the beginning trader. They pretty much repeat the same old trading maxims, ad nauseam. “The trend is your friend” (not always true), blah, blah, blah. Seriously.  Blah, blah, blah.  Not to bore you, but "trade to your strengths".....no really do this. One difference, about our blog and my writing, is that I am sharing what pro traders are experiencing. Read more [...]


Traders telling me One Good Trade is helping their options trading

May 22nd, 2017 | By | Category: General Comments
One of the great rewards from writing One Good Trade are the positive unintended consequences.  One of those is how much the book has helped traders other than equities day traders.  Let me offer two examples. Today at lunch, I sat with an income options trader, who shared his trading breakthrough was reading One Good Trade.   This trader had never applied the principles of One Good Trade to his income options trading, started to, and then found trading success.  The largest reason was because the trader had protected trades not working in the past.  Trader added to a losing position because this was best for the original Read more [...]


In Options Trading, Risk Management must always come first

May 16th, 2017 | By | Category: Free Daily Trading Video
In this video, we discuss why it is more important for a trader to follow risk management rules than to be guided by technical analysis if a choice must be made between the two. Read more [...]


The power of Team Trading

May 12th, 2017 | By | Category: General Comments
  Last night Team SWang, a collection of traders with unique skill sets that trade for firm, met for drinks and food to discuss ways that they could improve.  They are one of the top teams at our firm, based on PnL and improvement. Their team leader, SWang, encapsulated how Team Trading can help traders: "I didn't know a team could help my trading so much."  Full stop. SWang credited many traders on his team for helping him make more: One trader on his team was a go-to for information on an inefficiency strategy One trader on his team captured shorts at the best price for him One trader built filters Read more [...]


SMBU’s Options Tribe Webinar: Live From New York: The ten qualities we look for in SMB’s Options Desk traders

May 10th, 2017 | By | Category: Options Education, Seth Freudberg's Blogs, SMB Options
This week, Seth Freudberg will share the ten qualities that SMB’s Options Trading Desk is looking for in traders that we are recruiting. Andrew Falde, who will be in New York presenting the Netzero options trading strategy to a live audience of participants, will share his personal journey from retail trader to professional proprietary trader on SMB’s options trading desk. Read more [...]


WEBINAR MAY 10th – Live Mentoring with a succeeding retail trader on sizing

May 9th, 2017 | By | Category: Free Daily Trading Video
Learn how to size properly during a live mentoring session with a retail trader who has surpassed 100k in trading profits.  This succeeding trader is struggling to increase his size.  Mike Bellafiore offers mentoring to help this trader reach the next level. Read more [...]