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 week, Matt Amberson of Options Research and Technology Services (ORATS), joined by … Read More
The Blowup: Game, Set, Match!
Recently, I have been thinking a lot about the “blowup”. In trading it is the term used to describe a catastrophic loss suffered by a trader or a firm. The blowup generally lurks in a remote corner of my consciousness, ready to be pulled to the forefront at a moment’s notice in service of proper risk management. Perhaps this past … Read More
Enhancing Trader Performance… with the Ten Commandments
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note I am one who believes that in order to enhance trading performance one needs to study principles applicable both in and outside … Read More
I Am Not Becoming as Good a Trader as I Expect Fast Enough
Hi Bella, I’ve been making some very steady progress since doing the DNA program last year. My monthly metrics show incremental improvement, and I’ve been enjoying putting in the work each and every day. Joining the SMB VTF has been a huge benefit, and communicating regularly with some of my DNA group has also been very beneficial. Today I encountered … Read More
A Lesson from a Failed Trader (for Now)
Trading is a very difficult sport. The representation of trading within the Financial Media Entertainment Complex is sensationalized and is intended to first entertain. Trading is a skill. You must build skill, then your PlayBook, and then you will be able to navigate yourself toward becoming a Consistently Profitable Trader. It’s not a game of guessing, no-edge predicting, IQ, luck, … Read More
Members Options Webinar: Livevol and Casey Platt: A Unique Perspective on Playing Earnings with Options (Sell the News, Buy the Rumor)
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 week, Kevin Nichols and Shannon Brandt of Livevol, along with Casey Platt, … Read More
Enhancing Trader Performance by Taking Some Nasty-Tasting Medicine
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Enhancing our trading performance means we must swallow some nasty-tasting medicine from time to time. But I have found the nastier the … Read More
Smart Options Trading: Unlocking Success with Strategy and Skill
“It’s better to be lucky than smart.” I’m not sure how that one got started, but I have to count that as one of the most foolish expressions in the English language. First off, what does it even mean? That if you have no intelligence or experience, that the only thing you have left is “luck” and you had better … Read More