I get this question all the time and it is a good question. People these days don’t have the time to invest years in this business unless it proves to be financially rewarding along the way. There are so many educators and so much information available today, yet it doesn’t seem to change the well known failure rate. So what … Read More
Art Therapy for Your Trading
I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It’s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what’s going … Read More
Crackberry is Back!
My best stock in 2007 was RIMM. It had an incredible run trading up over 400% as AAPL made the world believe that smartphones were going to become a mainstream consumer product. The massive move in RIMM offered a multitude of short term trading setups. Several years later after the smartphone market exploded it was clear that there were two … Read More
I am a Simpleton
AM Meeting Synopsis: FDX is gapping lower on reduced guidance. Looks like it is going to open around 82.50, which is longer term support. Look to trade short below that level but if supports there look to trade long above 103. The Open: FDX opens just below 102.50 so initiate a short. Maintain the position until the downtrend is broken. … Read More
Recording: John Locke: A Piece of the Rock
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading. In this presentation, John Locke provided a detailed example … Read More
AM Meeting March 14th – $SRPT, $VMW, $LNKD, $BBRY, $NFLX, $GMCR, $MLNX
*No Relevant Positions
Two Good Trades
There wasn’t much In Play this morning. EXPR was gapping lower in reaction to an earnings release. When a stock has a large gap from an earnings release the first thing we do is look for clues during the pre-market session for whether it will be a gap fill candidate or a continuation play. EXPR was trading actively in the … Read More