Every financial quarter as traders we have our Super Bowl- Earnings Season. These are exciting trading times! New traders chirp, “This is going to be the month I break out.” Developing traders announce,”I am not going to be a wuss during this earnings season and quintuple my profits!” Experienced traders unsatisfied with their results during earnings season declare, “I will … Read More
Trend-Following in Life and the Markets
Traders are always trying to improve their game. Beginners usually jump from strategy to strategy in search for some holy grail that will always win no matter what the markets do. Pro traders outguess their gut and their systems in attempts to make or save an extra buck. Such efforts are usually self-correcting by losing money. I believe we all … Read More
I Hate My Job!
Hi Mike, My name is Assaf and I would like to get your advice if it is possible. I’m 42 years old married with three kids, living in Israel and working as a software engineer. Currently I’m managing a group of engineers and making around $120K a year (in Israel this pretty good salary). I can see my career develops … Read More
SMB Trading Lessons of the Week – October 19, 2014
In the video below, Mike Bellafiore is interviewed beforeFriday’s open by Benzinga to discuss his pre-market prep. Latest Blog Posts Higher Volatility = Higher Trading Expectations I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip … Read More
Top Calling is A Game For Losers
It is extremely difficult to identify a top in an up-trending market, however, a very useful and profitable exercise for traders is to identify conditions that may lead to a market pull back. So whereas the typical “top caller” invited to opine on CNBC has no idea whether the market is at a top professional traders focused on price action, … Read More
Options Trading for Income with John Locke for October 13, 2014
No relevant positions Risk disclaimer
Higher Volatility = Higher Trading Expectations
Hey Bella, First of all I want to express how excited I am for this (SMB DNA). I have been trying to trade part time for years and have been on the edge of being good for over a year. I have had some personal issues with my dad’s health that has kept me doing the “safe” thing with my … Read More
John Locke Group Mentoring Open House, today at 5:30 PM EDT
Twice a month since September 2012, SMBU has been holding John Locke’s group mentoring classes. October is our Open House for John’s group mentoring sessions to give traders, who are not registered for the course all year, a chance to see why so many options traders find these mentoring sessions critical to their implementation of John’s options strategies. For those … Read More