Despite the fact that the fast majority of those hired by hedge funds and banks these days are literally rocket scientists (PHD’s in Physics, AstroPhysics, Mathematics etc.) trading is NOT rocket science. Of course being good at math and being able to write algorithms doesn’t prevent someone from successful market speculation it just isn’t a prerequisite. On Friday I outlined … Read More
Facebook Live
It is time to use the most overhyped IPO of the decade to share a few tips on First Day trading for an IPO. In addition to the tips below I will be broadcasting LIVE starting 5 minutes before FB begins trading and will probably continue to broadcast for another 5 minutes once trading begins. Everything written below is based … Read More
When do I move on from a stock?
It’s time to move on, time to get going What lies ahead, I have no way of knowing But under my feet, baby, grass is growing It’s time to move on, it’s time to get going Tom Petty Bella, Yesterday I got absolutely chopped up in JPM. I could not believe how much I lost in such a short amount … Read More
Expiration week and the SPXpm
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. For those who haven’t heard of or traded the SPXpm, take a look at it. It’s an electronically traded SPX product that trades through expiration Friday afternoon and … Read More
How to Bounce Back From Failure in Trading
This is one blog post that I hope you never have to read. Why? Because it’s all about failure. The word “failure” has tons of connotations. Shame. Guilt. Disappointment. Anger. These are things that we try to avoid at all costs. If the world were perfect, you would never run into failure in your trading career. I hope that you … Read More
Four Quick Ways To Get Better At Trading
Four Quick Ways To Get Better At Trading Usually, the “quick fix” implies fixing something, but only temporarily and in a fashion that won’t help long-term. Luckily for us traders, there are several quick things that we can do that can readily improve our trading. They are quick lessons in that they don’t take much time to grasp, but their … Read More
Forex Radar price expectation
Take a peak of our forex radar price expectation video. USD/CAD currency pair has suffered by making the price very weak. Due to these conditions, it had formed break downs at previous lows making “believe” of more downtrends in the currency. But the unexpected is that a rebound comes right after the “fake” break down. SMB forex has recognized these … Read More
Follow Up to the AAPL Credit Spread
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Last week I introduced the idea of using a broken wing butterfly for AAPL, entered into for a 50-cent, as an alternative strategy to a regular put credit … Read More