General Comments

How to Win During Earnings Season

Oct 20th, 2014 | By | Category: General Comments
Every financial quarter as traders we have our Super Bowl- Earnings Season.  These are exciting trading times! New traders chirp, "This is going to be the month I break out." Developing traders announce,"I am not going to be a wuss during this earnings season and quintuple my profits!" Experienced traders unsatisfied with their results during earnings season declare, "I will crush it this earnings season!" Retail traders shout, "I am going to make so much I can quit my job!" I am all for thinking positively, but those thoughts alone will not produce improved performance. What will?  What is the only thing that Read more [...]

Trend-Following in Life and the Markets

Oct 20th, 2014 | By | Category: General Comments
Traders are always trying to improve their game. Beginners usually jump from strategy to strategy in search for some holy grail that will always win no matter what the markets do. Pro traders outguess their gut and their systems in attempts to make or save an extra buck. Such efforts are usually self-correcting by losing money. I believe we all forget to use common sense from time to time. It's OK. We are all prone to getting wrapped up in our emotions while trading and just living everyday life. Sometimes, we can lose self-awareness, perspective and ultimately our discipline. The discipline I use to trade and live my life Read more [...]

I Hate My Job!

Oct 19th, 2014 | By | Category: General Comments
Hi Mike, My name is Assaf and I would like to get your advice if it is possible. I’m 42 years old married with three kids, living in Israel and working as a software engineer. Currently I’m managing a group of engineers and making around $120K a year (in Israel this pretty good salary). I can see my career develops with HPSW, and I probably on my way to make 140-150 K in the next 3-5 years. BUT… My real passion is for the Markets (US markets). I came across William O’Neil’s book (how to make money in stocks) a few years ago and started to follow his methodology. I bought breakouts and tried to hold as much Read more [...]

SMB Trading Lessons of the Week

Oct 19th, 2014 | By | Category: General Comments
In the video below, Mike Bellafiore is interviewed beforeFriday’s open by Benzinga to discuss his pre-market prep. Bruce Bower discusses how successful traders have dealt with failure. Latest Blog Posts   Higher Volatility = Higher Trading Expectations I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip below $100 is an excellent idea. Also, you are seeing a pattern in your trading. You tend to give back money at just short of $200 for the day...Read More Anatomy of a Rip I have Read more [...]

Top Calling is A Game For Losers

Oct 19th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
It is extremely difficult to identify a top in an up trending market, however a very useful and profitable exercise for traders is to identify conditions that may lead to a market pull back. So whereas the typical "top caller" invited to opine on CNBC has no idea whether the market is at a top professional traders focused on price action, sentiment, and the markets reaction to news will identify times when the market favors a pull back and profit. Take a look at the following chart. It shows price patterns in the SPY that were very similar prior to the start of a market pull back. The first circled area preceded the pull back Read more [...]

Higher Volatility = Higher Trading Expectations

Oct 16th, 2014 | By | Category: General Comments
Hey Bella, First of all I want to express how excited I am for this (SMB DNA). I have been trying to trade part time for years and have been on the edge of being good for over a year. I have had some personal issues with my dad's health that has kept me doing the "safe" thing with my career but some recent changes really has me itching to branch out and go all out to see if I have what it takes to be great. I have a few quick questions to make sure I'm getting the most out of this. The first would be that last night after our meeting (SMB DNA) I hammered out all of weeks 1 materials. I was wondering if its best to move on, Read more [...]

John Locke Group Mentoring Open House, today at 5:30 PM EDT

Oct 16th, 2014 | By | Category: General Comments
Twice a month since September 2012, SMBU has been holding John Locke's group mentoring classes. October is our Open House for John’s group mentoring sessions to give traders, who are not registered for the course all year, a chance to see why so many options traders find these mentoring sessions critical to their implementation of John’s options strategies. For those of you who are new to SMBU Options, John Locke is an experienced options trader and mentor, who is well known for devising unique and sophisticated options strategies designed for most market situations. Each class starts at 5:30 PM Eastern Time and lasts for one Read more [...]

SMBU’s Options Tribe Webinar, Tuesday, October 14, 2014: Stefen Choy, Livevol: How Pro Options Traders Use Volatility To Select Credit Spreads

Oct 16th, 2014 | By | Category: General Comments
For the first time on, Stefen Choy, the COO and co-founder of Livevol,  presented on how professional options traders use implied volatility in relative time frames to select the ideal time to implement credit spreads on index options. Also, Seth Freudberg announced more news for OptionsTribe members,  provided a more in depth overview of our OptionsTribe Trading Contest and mentioned some details on the SMBU trading courses. Enjoy the video! OptionsTribe slide presentation accompanying this video Livevol slide presentation accompanying this video   Click here to join Risk Read more [...]

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