Rick Martin, lead developer of SMB Systems Trading LLC, will be discussing system trading tools to use in your trading – what they are, how to know if they will work and if you have what it takes to add a computer to your trading and tune them to fit your trading style. Questions from attendees will be answered at … Read More
How To Lose All Your Money
We have one more major thing to look at as we build out our casino—volatility. We know the house edge for every game, but we also need to know some basic statistics before we open the doors of our casino. Let’s just focus on standard deviations for this discussion and how they affect our returns, and the bettor’s returns. Game … Read More
SMB’s Options Tribe: Tuesday, December 27, 2011 at 5pm EST: Managing Options Positions by the Greeks Part 2
Tuesday December 20, 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
Make this adjustment to your trading
I received these comments about December trading with a weekly review: As mentioned earlier in one of my daily reviews, I have added a plan change for December: I will lower my tier size to 100 shares on everything besides in-play A-setup stocks. Be more selective than usual. Avoid trading in & out unnecessarily. Lock in profits more quickly than … Read More
Trading Lesson #2: Don’t Trade Cash Takeovers
Trading Lesson #2: Do not trade stocks that are purchased in an all cash transaction. There is very little intra-day movement. Here is the chart for BCSI on December 9th 2011. It spent almost the entire day in a 5 cent range. Not exactly a treasure trove of opportunity for directional traders. Steven Spencer is the co-founder of SMB Capital … Read More
Free Webinar: From Good to Great – Pre-market Trading
In his 4th and final webinar for 2011 Steven Spencer will discuss pre-market trading. This is a very important skillset for professional short term traders and has become increasingly relevant during the past few months. The webinar is intended mainly for those with an intermediate to advanced level of experience. But all are certainly welcome to attend! Time: Wednesday December … Read More
When is a good time to trade
In previous videos, we talked about levels of support and trading areas. When specific trading areas are breached, we patiently wait for the price to develop to the next trading zone. During the time of price expectation, we step away from the market in order to avoid costly errors. In SMB forex, we follow the real market’s trend and … Read More
SMB’s Options Tribe: Tuesday, December 13, 2011 at 5pm EST: A Multi-Month, Multi-Index Butterfly Strategy
Tuesday December 13, 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