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
5 Lessons from Navy SEALs for Traders
I watched The Lone Survivor last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. Five takeaways to apply to our trading: a) Think of surviving for your next breath. When a trade is going against you, instead of considering how to turn it into a winning position, live to make another trade. … Read More
That is Why You Show Up ($NEWL)
It is tempting to blow off a Friday of trading before a holiday weekend. I was young once- the friends, the drinking, the parties, the beach, the golf, the young ladies. The past three trading sessions we have been trading NEWL for a Reversal Trade. Day One was a rip, but a great learning lesson. Day Two more profitable than … Read More
SMBU Trading Tip: Lessons From the Multiple Thousand Dollar Trading Loss
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about how one trader ripped up over three thousand dollars in a Reversal Trade. He still thought it was a good trade! Highlights from this trade: The trader was aggressive where he should have been. The trader had an edge with this setup. … Read More
Give Me a Break SMB (Part II)
In a past post an SMBU Reader ripped SMB for its exclusive hiring process, in Give Me a Break SMB. This trader recently went on an interview for a prop trading job and was rejected. He vents in this playback of his interview experience. Hi Mike! Remember my previous letter with the same subject? Well, let me tell you how … Read More
Meet SMB at The Trading Show Chicago 2014
Mike Bellafiore, author of One Good Trade and The PlayBook, and C0-Founder of SMB Capital, SMBU and SMB Systems will be the Chairmen at The Trading Show Chicago 2014 this June 4-5. Sign up here to attend. Also if you are from the Chicago area and wish to meet with Mike, feel free to reach out to him at [email protected]. … Read More
SMBU Trading Tip of the Week ($WWE)
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about finding a signal to get bigger in $WWE. Highlights from this trade: 1) Your position size should increase as new data confirming your trade appears 2) Use VWAP to add size to your trade 3) Learn the signal that alerted Bella … Read More