Today at 5:00 pm Eastern Daylight 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
Great Expectations
The next step in building our casino so that we have the house odds in our favor is to look at the edge, or in system trading terms, expectancy. Let’s take a look at the house edge in a few casino games: Game House Edge Baccarat 1.2% Blackjack 0.8% Craps 1.6% Roulette 5.3% So exactly what does this mean? Let’s … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, November 22, 2011 at 5pm EDT: Irons Condors using ZB Index options
Tuesday November 22, 2011 at 5:00 pm Eastern Daylight 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
Start Slow? Start Fast?
Last night I had drinks and apps with two experienced traders. After some catching up we got into a discussion/argument about the best way to start your trading career. It has been written here that no one ought to trade 200 shares live until they can make money with 100 shares. You are the worst you will be as a … Read More
December 55-Day RUT Bearish Butterfly Options Trade Update: Unleashing Profit Opportunities
The market has settled quite nicely into the range of our position. Currently the trade is up $775 and looking good. The position is shown below: If $RUT actually settles down for a change we just might get the opportunity to close this next week at our $3000 profit target and round off an excellent year for this trade. If … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Earnings Plays combining Monthly and Weekly Options
Today at 5:00 pm Eastern Daylight 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
Less Is More–Usually
Less is more—most of the time. In my early days, I started out with almost twenty different indicators in a single system—and why not; the computer was going to do all the work. I figured that if I combined enough techniques, I could find the perfect entry signals—I hadn’t even thought about the importance of exits back then. Well, needless … Read More
There Is No Holy Grail In Trading
I wanted to respond to a couple of observations from our readers: The first: “If you’re talking a pure technical (trend-following or countertrend based on indicators) system on highly liquid vehicles like QQQ, “getting a real world system to work” is insanely difficult….I’m looking forward to this series, skeptical though I am.” And the second: “It’s simple enough to create … Read More