A guest post from an SMB trainee, TO: Bella has the entire floor working on their Playbooks on a daily basis, in order to take internalize our best plays. Here is one of my plays on MOS last week. 1. Big Picture: The SPY’s were in an intraday downtrend in the 116’s and next support was 115. 2. Intraday Fundamentals: … Read More
Quint Tatro speaking at SMB Training
Quint Tatro, author of Trade the Trader and the portfolio manager of the Tatro Capital Tactical Appreciation Fund, stopped by SMB Training to talk with some new trainees. In this video below Quint discusses his favorite technical trades, how he rips through 2600 charts every night, and his worst trade.
SMB Welcomes a New Blogger–John Locke
SMB is proud to announce the addition of a new options trader and success coach to our blog, John Locke, of Locke In Your Success, LLC. John is an outstanding options trader and success coach and has worked extensively with traders all over the world to help them improve their game. John has also been a frequent guest on … Read More
Working on your weaknesses may be your biggest weakness.
The time you spend on bringing a weakness up from below average to average will diminish the time you could be spending improving your strengths. I find that people who spend lots of time working on their weaknesses are those who do not know what they want and therefore they feel the need to be good at “everything”. The reality … Read More
SMB Radar Update – Uptrend / Downtrend Snapshot
Here is a snap shot of the Up and Down Trend Columns in the SMB Radar as of 10:55 EST. The job of these scanners is what you would expect, they find stocks that are trending intraday. This takes care of a lot of the work we have to do as traders. From here you want to be sure the stock … Read More
Looking for a Bounce
When a momentum stock makes a misstep the market is very unforgiving. A few weeks ago we saw NFLX get hammered dropping around 80 points in a four-day period. This caught the attention of many short term traders. When a stock moves that far that quickly there is a lot of money to be made on the short side but … Read More
Live From The Floor
On Today’s show Steve discussed one technique for trading right on the Open. Stocks discussed were FMCN, LVS and SPY.
How Great Ideas Can Emerge From Trading Communities
I was on the phone over the last couple of days with two of our active Options Tribe members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on tribe meetings over the … Read More