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
A Scalp Trade on JBL
This is a post from our traders TO about a scalp trade he made on JBL from yesterday: My trading desk neighbor SW and I were both trading JBL today, with 19 as the key level of interest. Without knowing it, I took the opposite direction of his trade at the Open for a quick momentum scalp. SW got long … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, October 4, 2011 at 5pm EDT: Short Term Calender Spreads
Tuesday October 4, 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