How You Can Be Better Tomorrow Than You Are Today I am often asked: What is the most important attribute to become a successful trader. My answer may surprise you. It has nothing to do with “conviction” market predictions. In fact, for those that have read my latest book The PlayBook, I scorch the myth propagated by the Financial Media … Read More
Risk Management of Iron Condors
This week, Seth Freudberg, SMBU’s Director of Options Training, discusses a monthly iron condor trade using $NDX index options. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads … Read More
How to End Stock Picking Frustration
Even the best traders have their bad days (or weeks or months). Sometimes the frustration can be maddening. It’s not a question of talent – as previous trading success bears this out. It’s just that sometimes, things just stop working and you need some fresh ideas – and when you go to the well, it comes up dry. Successful traders … Read More
SMB AM Meeting Recap: $PETM
In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $PETM. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Three Reasons You Don’t Trade with LeBron’s Confidence
Talent is a myth. Elite performance is earned. This means it’s within your grasp. There are principles of elite performance that produce results. Right now, your trading produces results. Good or bad you are getting results. But you know you can do better. Professionals understand how to consistently perform at a high level. That understanding is what you crave. How … Read More
How to Adjust Options Positions for High Yield
Many traders learn the M3 and fall in love with it. They love the high win rate, mild draw downs and ease of management when properly traded. After all the M3 Trading System was designed to minimize your risk while you learn to trade. Essentially the M3 allows you to earn while you learn with low risk positions. It … Read More
How to Overcome Limitations of Common Options Trading Income Strategies
Why Smart Options Traders Match the Strategy to the Conditions Are you frustrated with the lack luster returns and poor performance of most so called “income trades?” Directional and trend following traders tend to take repeated losses in sideways markets. Most common strategies such as buying stock, covered calls, naked puts and bull verticals and collars do very poorly in … Read More
SMBU Trading Tip of the Week ($WWE)
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about finding a signal to get bigger in $WWE. Highlights from this trade: 1) Your position size should increase as new data confirming your trade appears 2) Use VWAP to add size to your trade 3) Learn the signal that alerted Bella … Read More