In this video prior to the market open on December 6th Steve discusses how to approach trading LULU following its earnings release: LULU is described as “Amazon Junior” by Steve because it has a tendency to be bought on earnings gaps and show great strength after an initial gap down LULU is a tough intra-day short when moving higher following … Read More
A Much Different Use of the Broken Wing
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. For months now I’ve been blogging about hypothetical SPX broken wing butterflies that I’ve been identifying and managing in live markets. The returns have been positive, with only one losing trade out … Read More
Scottsdale (Phoenix) Traders and Investors Meetup Group With Mike Bellafiore and Seth Freudberg
Mike Bellafiore, author of the trading classic “One Good Trade” and Seth Freudberg, director of SMB’s Options Training Program will be at the Scottsdale (Phoenix) Traders and Investors Meetup Group on December 6th, 2012 at La Quinta Inn. Mike will be explaining how to create your own Playbook and Seth will explain why he loves trading options. Risk Disclosure
This is Who We Want to Train at SMB
I get asked daily who we want to train at SMB. This is a very serious question. I wrote about those we want to work with in One Good Trade. And also those who will fail. I took the responsibility of sharing who can make it and who won’t very seriously. But succinctly the young man below encapsulates exactly what we … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More
Forex Beginner Enemy #1: Random Trades
As short term forex traders, we are exposed to a great deal of price noise since we usually watch time frames that are 15 minutes or less. We are constantly developing our ability to measure when the probability of achieving our potential return is greater than the risk that it presents. What helps us refine this skill and simplify the … Read More
What I Learned From The Best Trader at Citibank
In my senior year of college, I hit the jackpot. No, I didn’t win the lottery. I did even better– I got the job I wanted in the markets. Let me repeat: *the* job. Note: the lesson is that if I can do it, then anyone can! Ever since I was 14, I knew that I wanted to be a … Read More
A Trading Question from India
Hi Mike, I am Nikhil from India, i am a trader trading commodities , i am writing to you as you are an experienced trader , i have only few months of experience trading “live” and around 7 years experience of observations, I developed a crush on the markets when i was only 14! Anyways i want to know how … Read More