In this SMBU Trading Lesson of the Week video Mike discusses: 1) An idiot trade he made in American Airlines 2) How to make an idiot trade into a constructive learning experience 3) The importance of taking notes of your trading during the day 4) Don’t be so hard on yourself as pro traders make mistakes as well You can … Read More
SMBU’s Options Tribe Webinar: Jared Levy of Profitabletrading.com: The power of vertical spreads in playing directional ideas
December 9, 2014 Today, Jared Levy returns to the Options Tribe to discuss his approach to using vertical options spreads to play his directional viewpoints. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — … Read More
Embrace Progress: You Can Be Better Tomorrow Than You Are Today! (video)
The other week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is the final part of the video series. In this video Mike shares a philosophy that drives his firm: 1) You can be better tomorrow than you are today! (his personal mantra and … Read More
Trader’s Ask: I’ve got a family and a full time job—how can I trade for financial freedom?
Hi Seth, I am a 51 year old man from Florence, Italy and I want to learn options trading for financial freedom. During the last five years I have day traded futures…… I am having mixed results. A couple of years ago I started to study the Market Profile ( Jim Dalton’s approach to auctions in the financial markets). I am … Read More
SMBU’s Options Tribe Webinar: Noted Author Jeff Augen: Finding Ideal Entry And Exit Points when Trading Options
December 2, 2014 Today’s markets are almost entirely driven by algorithmic trading – a new dynamic that invalidates most technical indicators. The PhaseTrader® indicators were developed to address this problem. They are designed to detect and respond to the activities of program trading systems in a variety of financial markets, and they are currently licensed by hundreds of individual subscribers … Read More
SMB Trading Lessons of the Week of November 23, 2014
Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. In this video Bruce Bower discusses decision making from his visualization series. Latest Blog Posts Hopeville: Where Traders Go To Die There are times when I am required to give a mentoring student some tough love, because it’s important for me to convey, immediately, … Read More
The Great Automated Failed Discretionary Trader (video)
The other week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 7 of the video series reconstructing my presentation. In this video Mike discusses: 1) An anecdote about a great automated trader formerly a failed discretionary trader 2) Adding automated trading … Read More
SMBU’s Options Tribe Webinar: Frank Fahey, Optionvue Systems, International: The anatomy of a broken wing butterfly
Today, Frank Fahey returns to the Options Tribe to break down the broken wing butterfly and examine its margin, skew and directional considerations. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which … Read More