SMB Gameplan Recap for May 11th

sspencerGeneral Comments, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trader Development2 Comments

Here is another recap video that takes you through my thought process with respect to our AM Ideas as well as how the price action during market hours impacted our trading plan. Fresh ideas are usually listed in order of difficulty.  Ideas listed first are for novice traders and as you work your way down the list the stocks become more … Read More

CANCELLED – Gman All Cap Webinar

gmanGeneral Comments1 Comment

We apologize for the inconvenience, but Gman’s All Cap Webinar has been cancelled do to our internet servers going down. The servers have been down half the day and we were hoping they would be up for the broadcast, but alas, they are not. We will reschedule for next week! Roy (aka rOy)

Traders Ask: Is it better to neutralize a double butterfly or simply close it?

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, Traders Ask, Trading Lesson1 Comment

Martin asks: I have a question about one of your first webinars  involving  the February butterfly. At  the end of the trade it appears that   instead of closing the trade completely you just neutralized  it. What was the reason that you handled it that way ? What is the advantage of  neutralizing the trade  instead of closing it?: Martin is … Read More

Decoding Market Volatility: Navigating the Heck Out of Options Trading with Dan Harvey

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs1 Comment

When I first started trading options a number of years ago, I  became very friendly with a  great options trader, and an even greater human being by the name of Dan Harvey.  Dan,   a retired medical doctor,  is one of the finest options traders I have ever met. He is very analytical, very calm  and a very flexible thinker. … Read More

SMB Radar Update for May 10, 2011

Joe PalauGeneral CommentsLeave a Comment

Although the market is mostly dry today, some of top 10 In Play stocks are showing great opportunity. This is the most important function of the scanner. The SMB Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high … Read More

“Milking” an Options Trade

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, Trading Lesson2 Comments

Every properly designed  income options strategy should have both a target profit and a maximum loss. Both are extremely important in order to maintain a realistic annual return target for a particular strategy. The skilled income trader is both disciplined at exiting when a trade has hit the  maximum loss threshold and skilled at what we alluded to in my last … Read More