Lesson 6: Luck versus Skill

bruce.bowerBruce Bower, General Comments, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology3 Comments

You Need To Understand The Role of Luck and Skill In part 6 of my 7-part series on Lessons I’ve Learned, we will look at luck and skill. In order to be successful taking risk in the markets, you must understand the role of luck and skill. From that understanding, there will be several implications for your actions and how … Read More

Ooops!…. the Market Did it Again in Civeo

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Apologies to Britney Spears fans, but the market did it again.  Last time it was in Seadrill.  Today it was in Ceveo.  Both companies crushed after they suspended their dividend. I shared how we attacked Seadrill here last month: How a Stock Can Trade when their Dividend is Cut. I shot a video explaining the trade below: We had a … Read More

SMBU’s Options Tribe Webinar: John Locke: The Rock Trade—2014 review

smbcapitalGeneral Comments, John Locke, Options EducationLeave a Comment

December 30, 2014 Today, John Locke returns to the Options Tribe to review the hypothetical performance of the Rock Trade in 2014 SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran … Read More

SMBU’s Options Tribe Webinar: Derek Vanderpool, SMB Options Desk Trader: Trading Weekly Options in Multiple Time Frames

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December 23, 2014 Today, Derek Vanderpool, successful trader on SMB’s Options Trading Desk, presents for the first time on the Options Tribe on his approach to weekly options trading. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — … Read More

SMBU’s Options Tribe Webinar: Andrew Falde: Trend Following Using Options

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December 16, 2014 Today, Andrew Falde returns to the Options Tribe to discuss the topic of Trend Following Using Options. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders … Read More