Last month I wrote a post about SMB Fundamental #7–Reviewing Your Important Trades. Today I would like to discuss #1–Proper Preparation. All trading success begins with proper preparation and that is why it is #1 on our list of trading principles that must be followed for each trade. Part of my morning pre-market preparation is to review the price action … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, January 24, 2012 at 5pm EST: Crude oil options and “edge”
Tuesday January 24, 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
The easiest trade of this open (STT)
Scanning the market universe on the open STT, State Street Corporation, caught my eye. 1) I liked that it was down a lot 2) I liked that after the open it showed an ability to move away from prices 3) 40/39 were levels on my long term charts so it still had room to trade lower 4) There was a … Read More
Technicals Trump The Tape in Financials
We consider three things when making an intra-day trade: The Tape, The Technicals, and the News. How each of these factors is weighed depends on the particular setup, the type of stock and current market conditions. JPM was the first large financial to report numbers on Friday. The numbers were not particularly good and it was showing weak price action … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Butterfly trading with deep ITM calls to control deltas
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 outstanding veteran options traders and experts in the world of options trading. This … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, January 17, 2012 at 5pm EST: Butterfly trading with deep ITM calls to control deltas
Tuesday January 17, 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 outstanding veteran options traders and experts in the world of … Read More
What Do You See?
As traders it is our job to trade what we see. But as humans we may have difficulty being objective evaluating the amount of opportunity the market is offering intra-day. Perhaps you read headlines talking about how “quiet” the market is or that the level of volatility is so low it is too difficult to make money. That information may … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: An improved version of the Bearish Butterfly Trade
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 outstanding veteran options traders and experts in the world of options trading. This … Read More