Bobby Curtis was a world class distance runner who developed insomnia (NY Daily News article). He had to quit competitive running. He tried and considered every solution. And then…… It was on one of his innumerable Internet searches that Bobby Curtis finally found a deceptively simple approach, one that counseled him to follow his normal schedule of activities, no matter … Read More
Decoding Market Volatility: Navigating the Heck Out of Options Trading with Dan Harvey
When I first started trading options a number of years ago, I became very friendly with a great options trader, and an even greater human being by the name of Dan Harvey. Dan, a retired medical doctor, is one of the finest options traders I have ever met. He is very analytical, very calm and a very flexible thinker. … Read More
The SMB PlayBook: Compiling our best trades
We have been doing an exercise with our traders that I thought I would share. We ask our traders to create a playbook. Plays and patterns that make sense to them that they want to trade more of. At the end of the day the trader considers a best trade they made, details this trade in our SMB PlayBook template … Read More
SMB Radar Update for May 10, 2011
Although the market is mostly dry today, some of top 10 In Play stocks are showing great opportunity. This is the most important function of the scanner. The SMB Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high … Read More
“Milking” an Options Trade
Every properly designed income options strategy should have both a target profit and a maximum loss. Both are extremely important in order to maintain a realistic annual return target for a particular strategy. The skilled income trader is both disciplined at exiting when a trade has hit the maximum loss threshold and skilled at what we alluded to in my last … Read More
SMB Welcomes Alex Salazar (Experienced FX Trader)
SMB Training is pleased to announce the addition of Alex Salazar to our blogging community. Alex is a trader withmore than 10 years of experience trading the SP 500 Futures and the Forex Market. SMB Training will soon be offering FX trader training and a virtual trading floor where you can connect with traders such as Alex. Alex is the … Read More
SMB Radar Update for May 9, 2011
The Strong Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong opening drives and continuation moves. The idea here is to find opportunity in the strongest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More