Tuesday February 21, 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
Higher Time Frame Webinar Primer
The market has changed a lot in the past few years. When Mike and I started SMB the market was in the early stages of an 18-month uptrend that led to an incredible momentum based trading market late ’07 and ’08. The most important skill by far during that time was being able to read the tape. You had to … Read More
The March Bearish Butterfly Trade Update–Time is our friend as the $RUT stalls out
This post is the third in a series that we will be publishing over the next several 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 828 and the trade was … Read More
The Money Trade—LNKD
In the fall of 2010 I wrote a post called “The Money Trade“. It outlined the mindset of momo hedge funds and how when they all decide to pile into growth stocks such as CMG, FOSL, CRM, LULU etc. you can quickly identify their fingerprints via after hours and pre-market price action. A few days ago LNKD reported earnings and … Read More
Free Webinar–Following The Big Picture Trend
The theme for Steve Spencer’s 2012 Webinar Series will be “Do The Right Thing”. The first Webinar of the year will break down several recent trading setups and how following a higher time frame trend can make you more money and cause you less heartache. As short term traders it is easy to flip back and forth betwen 1, 5 … Read More
Free Options Webinar: SMB’s Options Tribe: Today, February 14, 2012 at 5pm EST: Using Regression Analysis for Higher Probability Credit Spreads.
Today, February 14, 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
Nasty Is As Nasty Does
On February 7th we discussed CSTR in the AM Meeting. It was gapping higher on a better than expected earnings announcement. But the price action in the pre-market was erratic. There were no clear pre-market trends and when it moved above/below s/r levels it would quickly reverse. This is a stock that I will not touch on the Open. Stocks … Read More
I Deserved To Lose More
(post originally written February 10th 2012) We identified FSLR as an In Play stock this morning (link to story from Benzinga Pro). It was gapping lower in the pre-market to a recent support level. As a trader part of my job is to figure out what other traders and investors will do in any given situation. In the case of … Read More