I received this comment in a review from a trainee: Really frustrating day…Over traded the junk out of MS and C and made hardly any money. MS and C : Was trying to fade them in the morning but they were the really strong up until about 1pm. This is when the short started to work, but I traded so … Read More
Lessons from an HFT conference
This week I presented for 90 minutes and sat on a panel discussion for an HFT conference. I thought I would report back with some running themes. 1) What is the next Brazil? 2) What markets are most inefficient and offer trading opportunity? 3) Will most traders have access to most markets from their trading home? 4) Teaming with discretionary … Read More
Free Webinar: From Good to Great – Pre-market Trading
In his 4th and final webinar for 2011 Steven Spencer will discuss pre-market trading. This is a very important skillset for professional short term traders and has become increasingly relevant during the past few months. The webinar is intended mainly for those with an intermediate to advanced level of experience. But all are certainly welcome to attend! Time: Wednesday December … Read More
When is a good time to trade
In previous videos, we talked about levels of support and trading areas. When specific trading areas are breached, we patiently wait for the price to develop to the next trading zone. During the time of price expectation, we step away from the market in order to avoid costly errors. In SMB forex, we follow the real market’s trend and … Read More
SMB’s Options Tribe: Tuesday, December 13, 2011 at 5pm EST: A Multi-Month, Multi-Index Butterfly Strategy
Tuesday December 13, 2011 at 5:00 pm Eastern Standard 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
The Risk of Closing a Position That is Working For You
I was watching DRI trade on the Open today. To say that the price action was “whippy” would be an understatement. It seemed to be touching every price and there was no way I could possibly control my risk. So I waited. After 10:00AM I initiated a short position at 43.25. I saw some selling a couple of minutes earlier … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Weekly credit spreads using a trading system
Today at 5:00 pm Eastern Standard 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 trading. This … Read More
Traders Ask- Should I add or sell?
Happy Saturday Bella and Steve, I’m reviewing one of my old trading tapes and wanted to get your opinion on a trade I executed in TVIX back on 7.11.11. Let me setup the trade for you: Basic Sup and Res Play Prev close: 16.36 Res: 17.90-17.95 Sup: 17.70, 17.50 Gapped up to 17.30 pre-market, consolidated around 17.45-17.50, started an uptrend … Read More