This week Options Tribe Member Dan Davis makes his debut presentation on the Options Tribe to discuss his specific approach to trading iron condors.
Earnings Season in Full Swing!
Only four times a year do we get the opportunity to participate in some of the biggest moves individual stocks will experience during the rest of the year. To take full advantage of these opportunities, the work often starts the night before and hours before the market opens. What is your process to prepare for trading these opportunities before the … Read More
Trading Idea to Optimized Portfolio Backtest: A Guide
Andrew shows you an example of taking a signal idea and quickly documenting a series of tests. The entire process took a few hours and represents 15 years, 120+ stocks, and 10s of thousands of back trades. * no relevant positions
Losing Less on Bad Days
What’s your number? In this video Mike Bellafiore discusses why it’s so important to know what your stop-loss number is when you’re down on the day. Traders spend too much time trying to turn a bad trading day into a break-even or positive day. They don’t spend enough time on learning how to turn a positive day into an even … Read More
Backtesting is Way Different from Live Trading
Backtesting is necessary to develop a system but not sufficient to prove YOU can make money. In this video Seth Freudberg discusses: Mid-prices not easy in fast market Testing software data may be imperfect Mid-price may be a distortion—synthetic equivalent may be more accurate. Multiple trades means you may not be attending to the one being tested. Emotion—do you have the strength … Read More
SMBU’s Options Tribe Webinar: Andrew Falde of SMBU: Three ways to reduce draw downs on options trades and smooth your equity curve.
This week Andrew Falde returns to the Options Tribe to discuss methods that he has developed to reduce drawdowns on options trades including his techniques for avoiding whipsaw losses and his rationale for varying the size, width, and time based on current market conditions.
Don’t Trade Options Before 10AM
In this video Seth Freudberg discusses why you shouldn’t trade options before 10AM. You will see what can happen the first 30 minutes of trading. Seth uses an example of May 20th $RUT Index Put and shows you how the price changes based on time of the day. Enjoy the video. * no relevant positions