Posts Tagged ‘ trading ’

Trading Lesson: Failed Gaps Can Lead To Large Down Moves– $BRCM

Jul 23rd, 2014 | By | Category: General Comments
In this morning's AM Meeting I discussed a possible short setup in BRCM. I was very skeptical of the gap above $40 as this stock was trading at $30 a couple of months ago and only traded higher when they said they were hiring an investment bank to look at selling off some assets. In my view this was a good setup for "sell the news". It is the opposite of recent trades in SWKS, CMG and BIIB that I have discussed that are "buy the news" situations. As traders we need to evaluate each trade on its merits. If you simply short every gap for no rhyme or reason the market will eliminate you pretty quickly. 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 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/ May Group Mentoring Open House Part Read more [...]


How Do I Simplify My Trading?

Jul 21st, 2014 | By | Category: General Comments
Dear Mr. Bellafiore,  My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback). Your responses to my inquiries have always been courteous and insightful, so I’m turning to you once again for some more advice. With the full support of my spouse, I have re-entered the world of proprietary trading. I became completely fed up with the corporate world, and I decided that I wanted to try and take control of my life. The last time I sat on a prop desk was in April 2009, and Read more [...]


What Do You Need First to Gain Trading Edge?

Jul 18th, 2014 | By | Category: General Comments
I have been listening to a great deal of the Toddler music channel on Pandora so pardon my lyrics. First comes skill Trading Skill! Next comes edge Trading Edge! Then comes trading profits in your head .....And in your bank! Our firm has edge during Russell imbalances.  I was discussing this strategy in theory with our college training class,  exposing them to the different ways traders can find an edge in markets.  One very ambitious student from China asked, "How do they do it?" This is a perfectly acceptable question.  Or is it? I didn't develop this strategy so I cannot share it.  It's not mine to Read more [...]


Harness the Power of Your Emotions

Jul 18th, 2014 | By | Category: General Comments, John Locke, Trading Lesson, Trading Psychology, Trading Theory
As humans we make decisions based on emotions. Of course we sometimes use logic change our decisions but our initial decision, and the one we are most likely to act upon, is always based on emotion. This is because our emotions are much more powerful and react much more quickly than our logic. Therefore, our emotions quickly send us down the path that we unconsciously think will give us the most pleasure or the least pain before we even realize what’s happening. This is why we often do things we logically don’t want to do. You see many of the challenges we have with emotion isn’t the emotion itself. The emotions are doing Read more [...]


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

Jul 15th, 2014 | By | Category: Options Education, SMB Options
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

Jul 15th, 2014 | By | Category: General Comments, John Locke, SMB Video Blogs, Trading Ideas, Trading Lesson, Trading Psychology
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

Jul 14th, 2014 | By | Category: General Comments, John Locke, Trading Lesson, Trading Psychology, Trading Theory
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 [...]