This video takes a quick look at a strategy that appears to have a smooth performance in a back test but wouldn’t perform the same way in the real world. Rick and I will be filming a live course in February to introduce the tools that we use to find strategies that are working. If you would like to receive … Read More
The PlayBook Checkup: Breakout Trading Strategy for TSLA (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in power point of $TSLA Breakout … Read More
What is Your Trading Process?
Recently I sat through an excellent presentation about trading psychology. One thing that I learned about the best of the best traders is that their most common trait is something called “process”. Process is just another name for routine. It took me a very long time to realize how important this one concept is for the developing trader. The main … Read More
How to Play Earnings with Options
Trading equities around an earnings report can be exciting, to say the least. To be successful you would need to project what the earnings results might be for a company and then you may need to determine how the markets might react to that earnings report. That is one unknown on top of another, and you basically need to be … Read More
Trading Frustration #2: A Lack of Trading Confidence
The #2 Trading Frustration in the SMBU Trading Community is a lack of trading confidence. If you have lost your trading confidence, then this is how you regain your trading confidence. We’ve all been there! A psychology coach offers some suggestions on how to increase your confidence as a trader. How your confidence helps you as a trader. You can … Read More
Trading Frustration #3: A Lack of Consistency
The #3 Trading Frustration of the SMBU Community is a lack of consistency with their trading. In this video below Steve Spencer and I offer some solutions to improve your trading consistency. The search for consistency is a differentiator between pro and developing trader. Learning to develop a detailed trading plan for all of your trades will help. In this … Read More
One Trick Pony: The Sequel
Hello Mike, I hope you are feeling great. I sure am. I’m not sure if you remember, but you did a post on me called “Getting Back in Trading Shape”. I have started trading cash equities along with commodity futures, and I’ve reduced my position size to 25% of what I was trading in futures, i.e. trading relative to a/c … Read More
Trading Frustration #5: How to Combat Selling Too Early
One of the Top Five Frustrations from traders is Selling Too Early. In the video below Steve Spencer and I tackle this issue and offer some ideas for improvement. Also as a solution to this trading frustration, I wrote about developing Reasons2Sell in The PlayBook. Here is one example of a Reason2Sell for your exit strategy. We discussed Reasons2Sell exclusively … Read More