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 trading.This coming week, Jay Biddy, of Biddytrades.com discusses his approach … Read More
Why Ely Lilly Was Our #1 Second Day Play Today
This video explains why LLY was our #1 Second Day Play Today
Three Ways to Identify a Choppy Market
Not all trading days are created equal. As much as we would like to walk into an exciting market each day, we need to look beyond our impulses and really pay attention to the subtle hints that the market offers each day in terms of what kind of day it can turn out to be. It’s important to have an … Read More
How do I re-enter after a winning trade?
Hey Mike, How are you doing? How is the progress of your new book (‘One good playbook?’)? Haha. I am looking forward to read it already. I am currently ‘live’ for about a month now, and my results are inconsistent thus far. I have some questions for you. I realised i have a problem when doing a trend play, and i … Read More
STP Vs. ECN
I get this question all the time: What is the difference between straight through processing (STP) and an ECN broker? Big difference. Straight Through Processing from what I understand is just a name given to dealing desk brokers that have automated the dealing process. Traditionally in the spot forex market, when you place a trade, you are being filled by … Read More
Are You A Conventional Trader?
As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within … Read More
Spencer Trade Review–$PAY
Steve Spencer reviews trading opportunities in PAY from the first week of October 2012. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
The Stock Market Does Not Exist To Serve The Long Term Investor
I appreciate being invited on to Bloomberg TV Monday to share my thoughts on market regulation and HFT trading. This issue has received a lot of press recently in part thanks to Mark Cuban who has used his notoriety to bring attention to an important issue. I applaud him for using his platform for bringing this issue into focus, first … Read More