Hi Mike, I have heard that there are roughly 50,000 professional traders and 20M want-a-bes. That’s about 1 in 40 and even though those are not good odds I am happy to know that it is possible to do. I have struggled with day-trading. But I have found using options trading longer term chart patterns (weeks and months) that I … Read More
College Traders Training Programs Overview
Last week Leo Selya conducted a Webinar overview on SMB’s summer College Traders training programs. If you’re still not sure what you want to do this coming summer, you might want to watch this video, and you can do that by submitting the form below.
#1 Thing Critical to a Trader ‘s Success
Trading is tough. But what if you could skip the fluff and focus on what really matters? Through the power of internet, I’ve asked 6 successful traders What is the #1 thing that is absolutely critical to a trader ‘s success? Here’s what they said.. (with zero mention of technical indicators or fundamental analysis) Jon Boorman Jonboorman.com – @JBoorman I … Read More
Ask Anything: A System to Increase Your Trading Risk
I have been trading on my own since March and after a few weeks of consistent results, I decided to increase my sizing and expand my Playbook with newer and different intraday plays. Despite the fact that I have the impression that my trading skills is improving, my results in terms of P&L have deteriorated. Should I go back to … Read More
Join us for beers and trading talk this Thursday (NYC)
Join Dr. Steenbarger and SMB at our NYC beers and trading talk event this Thursday. From Dr. Steenbarger at his blog TraderFeed: As posted earlier, I am organizing a craft beer get-together for NYC area traders a week from Thursday (May 21st) at 5:00 PM. We will meet up at the tasting room of the Whole Foods on Columbus Circle … Read More
Mastering Market Orders in Options Trades: A Comparative Guide (RUT vs. IWM)
Limiting risk is critical to the long term success of your trading. Every strategy has a downside. Every trade is subject to having you on the wrong side of a big move. It’s important to have a plan to keep that risk in check. Some options strategies have built in risk. Meaning there is no way to lose more than … Read More
Ask anything: how can I become more consistent as a trader?
I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex — AApl, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. It seems like every I “perceive” an opportunity I jump — just that I seem to be extremely inconsistent. … Read More
How to become the Derek Jeter of trading
David Leadbetter, legendary golf instructor, wrote a brilliant article for The Players’ Tribune explaining why Derek Jeter and other elite athletes find golf so hard. Mr. Leadbetter writes: It’s a common misconception that athletes can easily transition to the links. The truth is a little more complicated. While athletes have a leg up on some of the mental and … Read More