The March Bearish Butterfly Trade Update–A Strong Finish

This is the fouth and final post in a series that we published over the previous weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB’s Bearish Butterfly Video Series. As of our last writing, the $RUT index closed at 823 and the trade was down 4.5% … Read More

Be your own better trader

Greetings from Capetown. I received this daily review from a solid developing SMB trader from which we can learn………. I am so disgusted with how I traded today… probably the most mad at myself I have been in weeks… I made so many mistakes today… Overtrading… trading too much away from good prices… this is a huge problem in something like DPZ and … Read More

Trade, control your risk, breathe (VVUS)

Sifting thru the daily trading reviews from yesterday it was clear that many traded VVUS. Here in Capetown training former elite athletes and now traders I work to make one point. See your trades as patterns. Trade the set up and then accept the result. Trading is not about being right. It is about controlling your risk. And finding patterns … Read More

My Thought Process: VVUS

I tweeted early this afternoon that it looked like VVUS had put in an intra-day bottom. Here is the tweet. i think bottom is in for $VVUS today. a hold above 20.25 should get it trending nicely Here is a pic annotated that sums up what I was thinking. The long trade didn’t work out as VVUS failed to get … Read More

Free Options Webinar: SMB’s Options Tribe: Tuesday, February 28, 2012 at 5pm EST: Tom Sosnoff–Perspectives on the Market

Tuesday February 28, 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 veteran options traders and experts in the world of options … Read More

Trading Is All Psychology

The following news was released after the market closed. 16:31:20 FDA Panel Votes 20-2 In Favor of Approval For Vivus’ QnexaVivus, Inc. (NASDAQ: VVUS) received excellent news on Wednesday as an FDA advisory panel has voted 20-2 in favor of approving the company’s weight-loss drug Qnexa. The panel’s decision is non-binding, but it is highly likely that the FDA will follow … Read More

February 22nd Gameplan Review

SMB Capital Stocks In Play Call Review. Each morning before the market opens we discuss the stocks that we believe will offer the best risk/reward trading opportunities intraday. Today’s review featured GRMN, MOS, NFX, MGM, DELL, INTU. February 22nd gameplan Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His … Read More