“People are like dirt. They can either nourish you and help you grow as a person, or they can stunt your growth and make you wilt and die.”~Plato I was on the phone with a developing retail trader (let’s call him Saratoga Slayer) who had impressive results in Year1. Why did Saratoga Slayer do so well in Year1 when most fail? He wasn’t sure. … Read More
Why Every Trader Should Have A Trading System (SMBU Daily Video)
In our SMBU Daily Video, you will learn why every trader should have a trading system. In this video from Andrew Falde, you will learn: What a trading system is and why every trader needs one. What are the different types of trading systems. How you can make your trading system a routine. What guidelines you can incorporate into your … Read More
What Is “Price Action” Confirmation?
I wanted to share a few trades that I executed this morning based on setups discussed in our AM Meeting. Two of the three trades were executed using programmable “scripts” to make it easier for me to manage many positions simultaneously. Once these positions are opened I can trade out of them manually or allow the scripts to continue to … Read More
Breaking Free from Chasing Trades: SMBU Daily Video Insights
This SMBU Daily Video teaches a lesson on equities trading and is given by Steve Spencer, Managing Partner at SMB. From this video you will learn: If you continue to chase stocks, eventually you will get burned. Pro traders can get away with chasing sometimes. It takes 5 good trades to make up for one poor chase. We hope this … Read More
Stock Selection and Game Planning
My morning game plan has helped me navigate some tricky situations over the years. Some days my energy isn’t great due to a poor night’s sleep or maybe I’m just a bit under the weather. Having a clear repeatable methodology each morning allows me to be a bit off but still pull some money out of the market (or avoid larger losses). … Read More
SMBU’s Options Tribe Webinar: Andrew Falde: How to Trade Iron Condors.. AND Sleep at Night
Today, Andrew Falde returns to the Options Tribe to discuss his approach to trading iron condors in a less stressful way. It should be an interesting presentation given the popularity of the iron condor strategy with positive theta options traders
An Automated Trading Lesson
In our SMBU Daily Video, learn more about automated trading. In this video from Andrew Falde, you will learn: Learn to use relative strength to have positions that are ready for changes in the market. How to use options to take advantage of different market conditions and limit risk. See how sector analysis can help you find long, short, and … Read More
The Pros and Cons of and Keys to Scalping
Hi Mike- Just wanted you to know that you made a huge impact on my trading this afternoon. I listened to your video “The Playbook”. Your statement — “I am too old to be doing scalping” –hit me over the head like a sledgehammer. WHAT???????? So-I was thinking..if Bella is too old for scalping, then so am I. (Darn! … Read More