I initiated a pre-market short in the SPY on Thursday June 5th at 193.50. I added to the position as it popped to 194 following the ECB announcement of some monetary stimulus. It was the first time I had shorted the SPY in about six weeks. The risk on the trade was about 40 cents from my average entry and … Read More
How Do You Start Trading Without A Methodology?
Starting out in trading and investing can be a daunting challenge. Surveying successful traders, they will give you advice like “You need a methodology that works”; “You need a style that’s all your own”; “you have to find your own way”. That’s great, but when you are just getting started, you’re probably wondering how you’re going to make any money. … Read More
Options Trading for Income with John Locke for June 2, 2014
Risk Disclosure No relevant positions John Locke
How to Find the Setups Best for Your Trading Personality
Hey Mike, I was going through The Foundation today and came across your lecture at Indiana University. In it you talked about how traders tends to develop an inclination to particular types of set ups. I was wondering if you had any tips for discovering what kind of trading personality would best suit me. Or if it’s something that can … Read More
SMBU Trading Tip: Relaxing in a $KORS Short
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about being relaxed in your trading using $KORS as an example. Highlights from this trade: Growth stocks need to perform very well to keep their tile as best in breed. Softening talk occurred in $KORS, but it kept holding higher. This changed the … Read More
Lessons from a Trader Succeeding
In One Good Trade and The PlayBook pieces of the books discuss why and how some traders we trained became successful. Recently during an internal review of our traders, we identified one new trader with an exceptional equity curve (his earnings to losses were outsized). Dr. Steenbarger has suggested to us in the past to study in depth our successful … Read More
Free Options Webinar: Jim Riggio, of Capital Discussions: The Kevlar Butterfly Trade
Your Option for a better trading life……together (SMBU Options Tribe) 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 and experts in the world of options trading share live presentations. Next Tuesday, Jim Riggio … Read More
Options Trading for Income with John Locke for May 24, 2014
No relevant positions Risk disclaimer John Locke