Wait a minute… we’ve still got another two and a half months until the end of the year, why are we talking about getting ready for next year? That’s because we believe in goal setting and proper preparation. And proper preparation is a never ending process. Top traders know how they can improve and they are thinking ahead 1 month, … Read More
30 trading habits in 30 days- critical feedback
Welcome back to our new series 30 trading habits in 30 days. Today we share habit #10- critical feedback. Do you get critical feedback of your trading? If not you will not learn how good you can be. Last week I read a daily review from a trader: If I see the setup, jump right in. My critical feedback to … Read More
Mike Challenges a Common Trader’s Statement
In our SMBU Daily Video, Mike Bellafiore challenges the common trader statement “If I see the setup, then jump right in.” He thinks you may say this as well. See if you agree with Mike’s teaching lesson. Have a great weekend. SMBU Team * no relevant positions
SMBU’s Options Tribe Webinar: Russell Rhoads, CBOE: Shorting Volatility with $VXX options
This week, Russell Rhoads of the CBOE returns to the Options Tribe to discuss how he uses $VXX options when his bias is short as to market volatility.
2 Trading Lessons from Our Lecture at Pace University
I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game. There are two takeaways to share. Trading is not what most people think. Too many are inundated with misinformation about what it really takes to be a great trader. The Financial Media Entertainment Complex starring … Read More
How To Select the Best Long Strike For An Options Credit Spread
In our SMBU Daily Video, Seth Freudberg discusses how to decide the best long strike to select when selling a credit spread with a directional viewpoint in mind. In this video, you will learn: Why the strike separation that yields the highest dollar credit is usually NOT the best long strike to select. Why you need to focus on return, not dollars … Read More
30 trading habits in 30 days- monthly goals
Welcome back to our new series 30 trading habits in 30 days. Today we share habit #9- Set monthly goals. I spoke at Pace University today (picture above) and spent an hour lecturing on what it is really like and what is really important to become a successful trader. Doing a monthly review is one of those non-glamorous musts that … Read More
Congratulations On A Solid Trading Month! Now What Are Your Monthly Goals to Improve?
In our SMBU Daily Video, Mike Bellafiore shares an exercise he held with his new traders today on the desk. Mike asked our new traders to share one of their monthly goals. In this video you will learn: Some of the monthly goals from traders on the desk. Mike shares an email he sent to a High Performing Trader who made … Read More