This morning May 3rd offered a bunch of fresh news plays (CTSH, ADM, ANR and MCP) as well as some good second day and technical setups in SLV, BIDU, and AMZN. In this video Steve breaks down his pre-market bias and then discusses possible trades as the price action developed during the day. Here is a link to the written … Read More
The key to winning options strategies is how well you handle the losing months
All great options strategies will have losing months. There is no getting around this simple fact, and it is critical to your mindset as a successful options trader that you accept these months as part of the game. While non-directional options spread strategies are also known as “income options trades” (giving some traders the mistaken idea that the strategies will produce … Read More
SMB Radar Update for May 3, 2011
These are today’s top 10 stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The 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 order flow that indicates … Read More
9/11
Excerpt from One Good Trade
Your Monthly Trading Review (An Example)
I met with three young traders in my office Friday after the Close. I tasked for an email sent to me outlining their goals for the next month after a review of April. I am convinced these three traders will become the next very good traders we have developed. That is of course if they continue to work hard. It is … Read More
Traders Ask: How to Manage the Risk
AdamG_SMB shares a question from a developing trader…
The sun never sets on the SMB Options Training Program Beta Test Team
In the very near future we will be launching the SMB Options Training Program which we’ve been working on intensively for months. We have had a fair degree of interest in the upcoming program and it occurred to us that it might not be a bad idea to invite a few trainees into the process before our formal launch, … Read More
Trader’s Ask: A Good/Safe Broker?
hi mike, what sould i look for in a good and safe broker, and what broker do you guys use (lightspeed ?) p.s loved your book ! one of my top 10 (along with livermore’s, humphrey B. neill ,o’neil ,wyckoff and all the best) Mr. Spencer Responds We just launched SMB Trading. If you are looking for a great place to trade … Read More