Posts Tagged ‘ trading ’

“Just Tell Me What to Do”

Sep 18th, 2016 | By | Category: Options Education, Systems Development, Systems Trading
Developing traders are sometimes humble (or desperate) enough to make a request for help that sounds something like "just show me", "give me a step by step", "what's an if-then that I can use", etc. The response we provide is usually disappointing. The developing trader wants the answer to begin with "whenever you see this happen, do this...". However, our answers usually repeat a list of principles that matter for each type of trade. “The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.” -Ralph Waldo Emerson We have programs Read more [...]

Building your trading team

Sep 18th, 2016 | By | Category: General Comments
Performance isn't exclusively about skill and strategy.  In fact, one top coach leaves all of this out of his top three keys to building a team. This is interesting to us as traders, as some of us trade in teams or something like teams, for improved performance. Team Trading is part III of our training for new traders on our desk.  Team trading is present at Hedge Funds and institutional desks but uncommon at prop firms.  Most prop firms employ the mentor/coach infrastructure, with some more successful than others. I am not here to argue which is better, just that we have settled on Team Trading, with great appreciation Read more [...]

How to make better trading decisions

Sep 16th, 2016 | By | Category: General Comments
In this Ted talk below, writer Julia Galef argues that making good decisions is dependent on employing a scout mindset.  This talk is helpful for us as traders to make the best trading decisions. Galef breaks mindset into two categories: scout mindset and soldier mindset.  The soldier mindset defends their ideas.  This "motivated reasoning" tries to make some ideas win and others lose.  Contrast that with the scout mindset, where you try and get an accurate picture of what is really there. How does this relate to trading? "TSLA has to trade lower.  Did you see that article today on Bloomberg comparing it to VRX?  Read more [...]

Working hard may be getting in the way of your trading success

Sep 6th, 2016 | By | Category: General Comments
You say: I want to be a professional trader.  I need to work as hard as I can to accomplish that goal.  I will outwork everyone at my firm or in my trading community. There is a problem here.  Catch it? To accomplish your goal working as hard as you can will not help you accomplish your goals.  That will lead to burn out. Instead you must work hard AND smart.  Consider this thoughtful and wise review from a developing trader, with just 16 days of trading experience, about working hard AND smart. Personal Goals Earlier this month, I helped myself in a big way by getting to bed earlier. I began leaving Read more [...]

StockTwits Podcast: Don’t Call it Options Income Trading

Jul 8th, 2016 | By | Category: General Comments
StockTwits sat down with SMB's Head Options Trader, Seth Freudberg, to learn what it is that makes index & equity options traders unique in the world of finance. Read more [...]

A Trading System for Volatility

Jun 22nd, 2016 | By | Category: Free Daily Trading Video
Andrew reviews a VXX strategy to see how it would have handled several high volatility events over the past several years. Read more [...]

FED Day Trading

Jun 17th, 2016 | By | Category: Free Daily Trading Video
In this video, Steve discusses how short term traders trade index ETFs on a "FED Day." 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 19 years. His email address is: [email protected] Read more [...]

Exciting Announcement for Futures Traders

Jun 11th, 2016 | By | Category: Futures
We are very excited to announce the launch of the SMB Futures Trading Desk. If you aren't already aware, there are many significant benefits to trading futures. These benefits include leverage, liquidity, ability to scale, and the access to a diversified basket of global equity, debt, and commodity markets. Another major benefit that we are specifically excited about is that futures trading is well suited for remote traders. Over a year ago, we launched the options trading desk -- which is comprised of 100% remote options traders. Like options traders, retail futures traders have the opportunity to take advantage of Read more [...]