And the Probability Is……Part 2

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You see the chart pattern or play but the action before does count. Take a stock that trades down off the open then consolidates forming a nice support line. This line breaks so the chart says sell it short. Seems like a high probability trade right? But what if its 12:30 pm? Do you think the fact that its lunch … Read More

Free Options Webinar Today at 5PM EDT. The Options Tribe: An approach to Iron Condors

Seth FreudbergGeneral CommentsLeave a Comment

Tuesday  August 23, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More

SMB Radar Update – Low IPR Day

smbcapitalSMB Radar Update4 Comments

IPRs are hanging low today. $SPY at a 1.0 reading tells us that the general market is not In Play. This means breakouts with follow through are low probability in the $SPY and highly correlated stocks. As of now only 2 stocks in our universe are trading with a > 3.00 reading. I’ll be watching the Price Spike for opportunity … Read More

And the Probability Is….?

BellaGuest Blog2 Comments

Intraday trading is not about predictions or fulfilling your need to be right. It’s simply about finding spots to trade that offer high probability risk to reward. Most aspiring traders take this thought and run to the charts. They will search and study until they find a pattern or play that seems to repeat with a predictable outcome. They will … Read More

Free Options Webinar: SMB’s Options Tribe August 23, 2011 at 5pm EDT: Iron Condors

Seth FreudbergGeneral CommentsLeave a Comment

Tuesday August 23, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options … Read More