Mike Bellafiore The Traders Expo is on its way to New York City, February 20 – 23. Mike Bellafiore, SMB co-founder and author of One Good Trade: Inside the Highly Competitive World of Proprietrary Trading, will be attending the expo. Mike will be speaking on the following topics: Why Can’t You Become the Next Great Trader on the Street? – Monday … Read More
Beware of the Fad: Five Reasons to Take it Easy with a New Options Strategy
In the options universe, there are plenty of traders who are happy to share a new strategy that has either worked well for them in the recent past, or has backtested splendidly over an extended period of time. Regardless of whether these strategies have been developed by competent veteran traders or newer traders who have not experienced every type of … Read More
Free In-Office Seminar: Sunday, Feb 20th @ 1pm-2:30pm – RSVP!
****Unfortunately the seminar has reached capacity and we are no longer taking RSVPs. Steven Spencer will also be doing an online seminar in 2 weeks. We will post the registration on the blog next week.**** Join SMB Capital for a free 90 minute IN OFFICE seminar on Sunday, February 20th @ 1pm. Speakers & Topics: Mike Bellafiore, Partner Trading Plays … Read More
CANCELED – SMB Webinar Today: Breaking Down Recent Trading Setups
SMB Webinar with Steven Spencer
Options Trade Initiation: Why Patience Pays Off
When developing traders enter into income options strategies, there is a tendency to become impatient when executing the opening trade. The trader will typically put an order in at or around the mid-price but often finds that the market is not biting on that price immediately. This can create anxiety and a feeling of impatience in the trader, arising from the belief that, since almost … Read More
Morning Thoughts 2/15/11
Good Morning Traders, Most markets we watch are relatively unchanged this morning. Not a lot of interesting price action in early trading anywhere. Asia is flat, with all indexes between -0.5% and +0.5%. Europe is slightly higher, with European Broad Market index at 0.4%. South Pacific stocks are also flat/mixed. In currencies, the British Pound is strong (especially against Asian … Read More
Trade Review CTXS
A new trader sent me his thoughts on his CTXS trading today (see chart below). Here is what I really like about his trading: a) He was in complete control of his trade. b) He does an excellent job of finding a way to be bigger for the next time he sees a similar set up. c) He is … Read More
Getting Started as an Active Trader
I was asked to speak at the TraderExpo next week by LightSpeed on this topic: Getting Started as an Active Trader. Here are my bulletpoints on what you need: 1. Domain Knowledge 2. Intrinsic Motivation 3. Critical Feedback 4. Purposeful Practice 5. Luck 6. Talent 7. Growth Mindset 8. Your PlayBook 9. Value-Add Environment 10. Mentor What do you think … Read More