Trader Development

What statement are you making with your trading?

Apr 21st, 2014 | By | Category: General Comments, Guest Blog, John Locke, Options Education, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
I talk to traders all over the world and it surprises me how many “high probability” or “market neutral” traders don’t realize that they are making a statement with their position. By making a statement I mean whenever you enter a position, you are defining the conditions under which you will win and which you will lose. For example, when a trader buys a stock he’s saying that if the market moves up he is going to make money and if the market goes down he is going to lose money. He’s essentially betting on the market going up and he understands that if the market comes down then he’s going to lose money. That’s Read more [...]


Best Practices in Trading With Dr. Brett Steenbarger

Apr 17th, 2014 | By | Category: Trader Development, Trading Psychology
Trading psychologist Dr. Brett Steenbarger appeared on the Options Tribe for the first time to share his observations about the common characteristics of successful traders that he has known throughout his career.  Dr. Steenbarger writes daily at TraderFeed.blogspot.com, a treasure trove of trading guidance.  He has written The Psychology of Trading, Enhancing Trader Performance, and The Daily Trading Coach. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking Read more [...]


Maximizing the Return on Options Credit Spreads

Apr 16th, 2014 | By | Category: Seth Freudberg's Blogs, SMB Options, Trader Development
In this video presentation, Seth Freudberg, SMBU’s Director of Options Training, explains the best way to optimize the returns on credit spreads. Surprisingly, the credit spread which yields the lowest dollar credit  per lot, often presents the trader with the highest return on capital potential. Seth shows you why in this video. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. Read more [...]


PlayBook Checkup: $HRB Breakdown from Held Bid Support

Apr 15th, 2014 | By | Category: Trader Development, Trading Lesson
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a Junior Trader talks about a trade she made in $HRB. We hope you enjoy this PlayBook video. (You can also get access to all the PlayBook Checkups here.) You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


Enhancing Trader Performance With 2500 Year Old Wisdom

Apr 13th, 2014 | By | Category: David Blair, Guest Blog, Trader Development
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Sun Tzu, known for his treatise The Art of War, would have made an excellent trader.  The principles he taught for successful military strategy are just as applicable today for stock traders as they were 2500 years ago when originally penned for military strategists.  There have been quite a few traders (myself included) who have benefitted from a thorough study of Sun Tzu’s Read more [...]


Can Negative P&L be a Good Thing?

Apr 10th, 2014 | By | Category: General Comments, Seth Freudberg's Blogs, SMB Options, Trader Development
In this video presentation, Seth Freudberg, SMBU’s Director of Options Training, explains how negative P&L in an options trade can surprisingly be a good thing. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: sfreudberg@smbcap.com. Risk Disclosure No relevant positions Options Learn options Read more [...]


SMB U Trading Lesson of the Day: How to Gain Trading Confidence

Apr 9th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trade of the Week, Trader Development
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about a SMB Trading Lesson of the Day on how to gain trading confidence. A trader from the SMB trading community reached out to Bella seeking advice for ways he could extinguish his trading fears. As a new trader Nicolas wasn't able to actualize his trading ideas into P&L because of his fear of  losing money. Enjoy this trading lesson! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


PlayBook Checkup: Opening Drive – Consolidation Above VWAP $K

Apr 8th, 2014 | By | Category: Trader Development, Trading Lesson
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a Junior Trader talks about a trade he made in $K. We hope you enjoy this PlayBook video. (You can also get access to all the PlayBook Checkups here.) You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]