This weekend I have seen a few versions of this daily chart of the SPY drawn with two lines to offer what appears to be “symmetrical triangle”. The idea is that buyers/sellers are becoming more aggressive and when one group wins the SPY will close above/below one of the two lines leading to an explosive move. I’m not a huge … Read More
Financing an Options Purchase
In our SMBU Daily Video, learn about the concept of financing an options purchase. In this video from Seth Freudberg, he will discuss: The idea of financing an options purchase An example of a trade that could have went horribly wrong by financing the purchase of an at the money put in the recent sell off The proper way to structure … Read More
Calling Out Traders For Missing $JOY
In our SMBU Daily Video, learn why we called out traders for missing a great trade. In this video from Mike Bellafiore, you will learn: Why $JOY was an A+ trade How SMB holds traders accountable Why having a process is vital to not missing A+ trades We hope this video helps you improve your trading skills.
Using Premarket Price Action and Levels
In our SMBU Daily Video, learn about using premarket price action and levels. In this video from Mike Bellafiore, you will learn: If SMB use pre-market levels What kind of premarket levels are significant for a stock Examples of recent trades that implemented premarket support in $GPRO $JOY $AMBA We hope this video helps you improve your trading skills. * … Read More
Losing Smaller
In our SMBU Daily Video, learn why losing smaller is just as important as winning big on a trade. In this video from Seth Freudberg, you will learn: How reducing a loss can help improve your yearly returns It’s important to control an existing loss How losing less is exactly the same as winning more We hope this video helps … Read More
My Thought Process– $SPY
In three trading days we moved from a range bound low volatility market to an environment of fear and chatter of market collapses. It is more difficult to predict price patterns when extreme volatility and fear are in play versus when the market is more subdued and market participants actions can be more easily anticipated. As traders we move into a “move to move” mentality … Read More
The Opening Drive Play
In our SMBU Daily Video, learn about opening drive plays. In this video from Mike Bellafiore, you will learn: How to express your trading ideas in the opening drive How intraday fundamentals can indicate the direction of the stock The difference in a day trade and a swing trade We hope this video helps you improve your trading skills. * … Read More
Learning to Take a Loss
In our SMBU Daily Video, we discuss losing trades. In this video from Seth Freudberg, you will learn: What percent a general loss on an options trade is The key to being a good options trader How to take losses The importance of analyzing losing trades We hope this video helps you improve your trading skills. * no relevant positions