SMB Gameplan Recap for May 11th

sspencerGeneral Comments, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trader Development2 Comments

Here is another recap video that takes you through my thought process with respect to our AM Ideas as well as how the price action during market hours impacted our trading plan. Fresh ideas are usually listed in order of difficulty.  Ideas listed first are for novice traders and as you work your way down the list the stocks become more … Read More

CANCELLED – Gman All Cap Webinar

gmanGeneral Comments1 Comment

We apologize for the inconvenience, but Gman’s All Cap Webinar has been cancelled do to our internet servers going down. The servers have been down half the day and we were hoping they would be up for the broadcast, but alas, they are not. We will reschedule for next week! Roy (aka rOy)

Traders Ask: Is it better to neutralize a double butterfly or simply close it?

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, Traders Ask, Trading Lesson1 Comment

Martin asks: I have a question about one of your first webinars  involving  the February butterfly. At  the end of the trade it appears that   instead of closing the trade completely you just neutralized  it. What was the reason that you handled it that way ? What is the advantage of  neutralizing the trade  instead of closing it?: Martin is … Read More

SMB Morning Rundown – May 12, 2011

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Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 134.00 and 134.60 (resistance) and 133.00 and 129.50 (support). Our best AM Idea for today, which we highlighted in our AM Meeting is to get long VRSN on a pullback in the 36.50-37.00 range. Don’t forget to follow us on Twitter.