“I am going to stay in this until I am proven wrong. This is a Conviction Trade.” Things heard on a prop trading desk, from a retail trader, at a macro hedge fund, on the Financial Media Entertainment Complex. If only most of the above had conviction when they should. I was in my office chatting with a new trader … Read More
Do you have a news edge?
Last night I had dinner with Ravee Mehta, author of The Emotionally Intelligent Investor and former hedge fund trader at Soros Fund Management, hoping to learn more about getting a real news edge while trading. On my desk I hear my guys talking about Conviction Trades before the stock confirms their thesis. I have worked with very experienced discretionary traders who … Read More
Jared Levy on Fox Business: Where Do We Go From Here?
Jared Levy, host of SMB’s upcoming comprehensive video series on directional vertical spreads and author of Visual Guide to Options (Bloomberg Financial), appeared on Fox Business last week to discuss where the market is headed from here as it reaches its record highs, his views on AAPL, and a few select equities. Watch the latest video at video.foxbusiness.comThe SMB Options … Read More
Trade Review: PAY by Shark
In this video, Shark reviews a trade he made in PAY on February 22nd. He discusses the big picture, his thought process throughout the trade, and the trade management skills he brought to the trade. This webinar is no longer available *No Relevant Positions
Recording: Greg Loehr: Trading Broken Wing Butterflies When the $VIX is in the Basement
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, Greg Loehr of Optionsbuzz.com discussed the … Read More
One’s Over Reaction is Another’s Opportunity
Volatility has ticked up in recent weeks. It’s about time. The major U.S. equity indices and currency markets have presented some sizable intraday movements. Uncertainty is beginning to re enter the markets. This is the time when traders shine the most. This is when the average traders improve and the good traders become great. Investors and uninformed watch their accounts … Read More
The Market Sells Off. Now What?
I was off the desk today travelling and visiting with family, but checked in several times to see how our traders were doing. It was an exciting day in the market. It is the type of day you typically see only a handful of times each year and as a short term trader you dream about being able to “crush it” … Read More
My Thought Process: $BHP
BHP was gapping lower and trading very actively in the pre-market. This message was to highlight it would be one of the best stocks to trade on the Open and my bias would be informed on which side of 78.50 it started the day. I initiated a short right on the Open against a 78.36 seller. This was the first … Read More