Thanks to everyone who responded to my initial post yesterday regarding the setup in EP. I think this series of posts is gonna be a lot of fun and we will hopefully continue to see a large amount of community feedback on how YOU would trade various setups. Because ultimately we each must develop a trading style that suits our … Read More
What is your “bread and butter” options trade?
Yesterday we held our second Options Tribe webinar on the subject of an SPX butterfly trade that I was involved in developing. This trade has become my “bread and butter” trade –the approach that I am comfortable trading under almost all market conditions and which provides a stable pattern of returns. Almost every great options trader that I know has his … Read More
Conversation With A Trainee At 10:45AM
trainee: “So this SLV isn’t really doing much this morning” spencer:”Yeah, pretty tight range” trainee:”it is just stuck in a 35 cent range” spencer leaves the desk to attend firm business at 11:00AM. second conversation at 12:20 when spencer returns spencer: “you long this SLV? finally broke out of the range” trainee: “no. i’m watching it.” ———— A large part … Read More
5/25/11 Market Overview and Swing Setups
@AdamG_SMB discusses setups and market structure in $SPY $ES_F $GC_F $GLD $SI_F $GMCR $VMW $MAKO $RIMM $HOC $COG $FNSR $NVDA $CROX $FOSL $PDS $LULU $ALJ $DTG $HIBB $NFLX $RRGB $ACOM $ATML $CRM $VHC $GLNG
The World’s Leading Traders Charity Webinar
Join Mike Bellafiore, author of One Good Trade, 4:30 to 5:30pm EST on Thursday 26th May for a charity webinar to assist earthquake victims in New Zealand and Japan. Mike’s webinar is titled: The PlayBook: Set ups for Your PlayBook. Set ups that you can make your own Plays our desk are using in this market Set ups to trade … Read More
A time to get bigger in your position
Let’s talk about a way to get bigger in a set up from today. PSS offered an example of a time to get bigger. 16 was our level on our long term charts. PSS started to work and traded down into the 70 cents area. And then it popped back up near 16. You must get bigger into this pop. … Read More
Spencer’s Setups
I have an idea for a new blog series. I will try at least once a week to post a setup based on SMB Fundamentals: Fresh news, Technicals, and the Tape. But in the interest of it being a learning experience and also a recognition that the readers of our blog are way above average intelligence, I will ask for … Read More
How I would have started my prop firm differently
Mike, Firstly, I just wanted to thank you from the outset for your ongoing work and contribution to the trading community. I have read your book, I read your posts daily and I admire greatly the philosophy of your firm SMB Capital. Your firm really is the pioneer of trading education and skill development for prop traders. I hope you realize … Read More