Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey for the college student with a passion for trading. Here’s an earlier post by Jake, “Do We Really Need Rules?”. Related blog posts: First Team Wall … Read More
Butterfly Options Strategy: Enhancing Risk-Reward Ratio
In this article we are going to discuss another options trading “income” strategy called the Butterfly. There are actually two strategies which fall into this category the “Butterfly” and the “Iron Butterfly”. The Butterfly is created using either all call options or all put options where you have a debit and credit spread joined At-the-Money by the short strike price … Read More
The DNA of Successful Trading
“Weaknesses don’t matter if you find solutions.” — Ray Dalio SMBU is launching a new educational opportunity for the trading community. It’s a new structured mentoring program called The DNA of Successful Trading! This is the brainchild of co-founder @sspencer_smb who thought the SMB Foundation, our flagship training program, and its demanding schedule of ten hours a day for 5 … Read More
Special Projects Returns
In The PlayBook I dedicate a chapter to the argument that pro traders should start early, even in college. One trader, Special Projects, and a review of his trade while interning at SMB, was highlighted as an example of starting early on your trading game. Trading is a skill, one that takes time to develop. You were not born a … Read More
We Want to Back Your Automated Trading Strategies
Hi Mike, I’ve been reading The PlayBook and saw a few mentions of SMB’s growth in the area of algorithmic trading. I am a programmer and have been working on some of my own trading algorithms. Right now I am building algorithms to work with (website redacted per request) but I’m finding some limitations with their platform (for example, it … Read More
Unleashing the Power of Professional Charting for Traders
Q: I’m getting ready for the DNA program. Going through what I have so far, I have two questions maybe you can advise me on: 1. Basic IT suggestions for hardware, RAM, processor, etc, for optimal performance off the computer to match what the SMB desk is doing. I’ve been using an Apple computer and now I (obviously) need to … Read More
I Am Worried About Dark Pools
RE: Should we be concerned with all of the volume being done on dark pools as retail traders? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. Here is a link to that … Read More
This is a Detailed Trading Plan
Q: How many pages is typical of a sufficient detailed trading plan? And how might one go about SIMPLIFYING to focus on what matters most? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. … Read More