disclosure: Short: $AIG, $C, $SPY, $P, $AGNC Long: $HDY, $TZA
March 7th – AM idea
disclosure: short $DSCO, $P
The March Bearish Butterfly Trade Update–A Strong Finish
This is the fouth and final post in a series that we published over the previous weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB’s Bearish Butterfly Video Series. As of our last writing, the $RUT index closed at 823 and the trade was down 4.5% … Read More
Be your own better trader
Greetings from Capetown. I received this daily review from a solid developing SMB trader from which we can learn………. I am so disgusted with how I traded today… probably the most mad at myself I have been in weeks… I made so many mistakes today… Overtrading… trading too much away from good prices… this is a huge problem in something like DPZ and … Read More
Trade, control your risk, breathe (VVUS)
Sifting thru the daily trading reviews from yesterday it was clear that many traded VVUS. Here in Capetown training former elite athletes and now traders I work to make one point. See your trades as patterns. Trade the set up and then accept the result. Trading is not about being right. It is about controlling your risk. And finding patterns … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Tom Sosnoff–Perspectives on the Market
Today at 5:00 pm Eastern Standard Time 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. This week, … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, February 28, 2012 at 5pm EST: Tom Sosnoff–Perspectives on the Market
Tuesday February 28, 2011 at 5:00 pm Eastern Standard Time 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 … Read More
Trading Is All Psychology
The following news was released after the market closed. 16:31:20 FDA Panel Votes 20-2 In Favor of Approval For Vivus’ QnexaVivus, Inc. (NASDAQ: VVUS) received excellent news on Wednesday as an FDA advisory panel has voted 20-2 in favor of approving the company’s weight-loss drug Qnexa. The panel’s decision is non-binding, but it is highly likely that the FDA will follow … Read More