Creating a Road Map Helped this Trader

July 16th, 2014 I noticed one of our new traders had a day of out-performance.  I assumed this was his best trading day because of his PnL but it turned out it was his second best.  Still he was near the top of the leaderboard with a very substantial intraday PnL for a new trader- heck for all traders. I asked him what he thought of his trading day in my office. He said he was pretty happy. I asked if there was anything he had done that was particularly instrumental in this outstanding trading day.  There was something.  It is a best practice for you to consider. The trader developed a road map before the open.  He wrote down stocks, Read more [...]

Trade Review $AAPL

July 16th, 2014 In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Enjoy the video! Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ALB, BBRY, CROX, DDD, FB, GLD, IWM, KING, KND, LNKD, SPWR, WFC, XOOM and short AAPL, KKD, KO, MSI, ZQK Read more [...]

$KORS Short Trade

July 16th, 2014 Watch Mike Bellafiore, author of One Good Trade and The PlayBook, describe a Short Trade he made in $KORS to college trader training students.  Mike walks traders through why he wanted to short $KORS, where, how to add to his short position, and the two short setups offered intraday.  We hope you enjoy this video! “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. No relevant positions Read more [...]

SMB AM Meeting Recap: $TWX

July 16th, 2014 In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $TWX. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ALB, BBRY, CROX, DDD, FB, GLD, GTAT, IWM, KING, KND, LNKD, LO, SPWR, TWX, WFC, XOOM and short C, INTC, KKD, KO, MSI, Read more [...]

Members Only Options Webinar: Gavin McMaster, Optionstradingiq.com: “Options Income Trading in a Low Volatility Environment”

July 15th, 2014 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, Bruce Marshall of Simpleroptions.com presents his approach to trading iron condors, one of the most popular options trading strategies. This should be a great presentation, and space is limited, so you’ll want to register Read more [...]

Options Trading for Income with John Locke for July 14, 2014

July 15th, 2014 Risk Disclosure No relevant positions Check out these great videos! May Group Mentoring Open House Part 1 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/ May Group Mentoring Open House Part 2   http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session/ http://optionstribe.com/2012/01/recording-an-improved-version-of-the-bearish-butterfly-trade-john-locke http://optionstribe.com/2012/03/recording-simulated-march-bearish-butterfly-review-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribe-meetingm3-trading-strategy-by-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies http://optionstribe.com/2012/01/recording-butterfly-trading-with-deep-itm-calls-to-control-deltas-forrest-anderson http://optionstribe.com/2012/07/recording-m3-trading-system-john-locke/ Learn Read more [...]

The Power of Focus

July 14th, 2014 Most traders have no idea of the amount of progress they can make when they focus all their resources on mastering a single style of trading. Controlled focus is like a laser bean that can cut through the biggest challenges that have been blocking the path to your success. When you focus consistently on the improvement of any one trading system, you develop unique distinctions on how to make that system better. A major reason so few traders achieve the results they desire is that they never concentrate on their power. Instead they dabble their way through trading trying a little of this and a little of that making no real progress Read more [...]

Enhancing Trader Performance: Getting Acquainted With Ourselves

July 13th, 2014 *****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 For anyone who follows me here or at my blog know I am focused on the mental aspect of the trading game.  In fact, I believe trading is 100% mental from choosing the types of charts you will use to what you will trade to how you will trade it.  We all approach trading via mental biases formed from experience and exposure.  The science of behavioral finance is beginning to take Read more [...]