All entries by this author

Why Price Action Analysis is Different than Technical Analysis

Oct 7th, 2016 | By | Category: Dna Program, Events, Steven Spencer (Steve's) Blogs, Trading Lesson
Technical Analysis is what you already know. Price action analysis is what you should know. Technical analysis is the study of charts. Looking at patterns with the hope that it will appear again and offer an opportunity to make money. That’s not how you make money trading. Profitable trading is about skill development. Price action analysis is truly understanding the underlying factors that are causing something to happen. It’s a deep awareness of factors that are moving stocks up and down. Price Action Analysis is 1/8th of the SMB DNA program. Apply now to join us for our third SMB DNA Program. It's going to Read more [...]

What it Takes to Go Live at Our Firm

Jun 29th, 2015 | By | Category: Trading Ideas
SMB receives approximately 5,000 applications each year to trade for the firm. As you can imagine, it's nearly a full time job to sort through 400+ new applications each month. Of the thousands that apply each year, the net acquisition of new traders that go live with the firm is less than 50. That's right... Less than 1% of applicants make it on our desk. The overwhelming demand to be a part of our desk is a direct reflection on the environment and culture we have developed. This is a culture developed around having a growth mindset. We believe that sharing ideas and reviewing our trades as a team helps everyone get Read more [...]

How to Put an End to Inconsistent Trading

Sep 29th, 2014 | By | Category: Dna Program
A core Trading Frustration in the SMBU Community is a lack of consistency with their trading. In this video below Steve Spencer and I offer some solutions to improve your trading consistency. The search for consistency is a differentiator between pro and developing trader. Learning to develop a detailed trading plan for all of your trades will help. In this post I was asked a question about consistency from a developing trader. Do this everyday to be consistent! Learn More About the SMB DNA Mentor Program | October 14 Class Limited to 40 Students You can be better tomorrow than you are today! Mike Bellafiore   One Read more [...]

Recording: Paul Forchione: Optionvue Systems, International: Finding Butterfly and ‘Calendarized Butterfly’ Opportunities

Aug 6th, 2014 | By | Category: General Comments
Paul Forchione of Optionvue Systems, International returns to the Options Tribe to discuss ways to unearth opportunities for out of the money butterflies and ‘calendarized butterflies’ for directional options plays. Enjoy the video! Risk Disclaimer no relevant positions Read more [...]

Options Trading for Income with John Locke for July 21, 2014

Jul 21st, 2014 | By | Category: General Comments, John Locke, SMB Video Blogs, Trading Ideas, Trading Lesson, Trading Psychology
Risk Disclosure No relevant positions A great way to improve your trading results is by keeping up to date with the latest trading techniques and current market conditions! Click HERE and join me every Monday at 9 AM EST for our free “Options Trading for Income” Webinars! Where you get expert analysis of the markets and the opportunity to follow along with the best options trading strategies in the business. And check out these great videos as well! May Group Mentoring Open House Part 1 May Group Mentoring Open House Part Read more [...]

Recording: Andrew: Buying Long Options Using Market Signals

Jul 2nd, 2014 | By | Category: General Comments
Andrew presents how he trades long options using his new open source indicator that finds trend entries and exits. Enjoy the video! Risk Disclaimer no relevant positions Read more [...]

Recording: Mike Bellafiore, From New Trader to Gr8 Trader Observations from the Prop Desk

Jun 18th, 2014 | By | Category: General Comments
Mike Bellafiore, best selling author and co-founder of SMB Capital and appeared on the Options Tribe to speak about his observations of how traders become great, drawing from his many years of managing SMB Capital’s proprietary trading desk. Enjoy the video! [slideonline id=14648] Risk Disclaimer no relevant positions Read more [...]

Free Options Webinar: Jim Riggio, of Capital Discussions: The Kevlar Butterfly Trade

May 29th, 2014 | By | Category: General Comments, Options Education
Your Option for a better trading life......together (SMBU Options Tribe) SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide.  Each Tuesday, SMBU hosts an options webinar—the Options Tribe—during which veteran options traders and experts in the world of options trading share live presentations. Next Tuesday, Jim Riggio will return to the Options Tribe to discuss, for the first time, his signature Kevlar Butterfly Trade. It should be a terrific learning experience so register now as space is limited. Options Tribe meetings Read more [...]