Yesterday Merritt and I had lunch with the winner of The Winning Trader. This is a short training program that exposes developing and new traders to setups with edge. The idea is to gain exposure to setups for students to try and see if they work for them, build a PlayBook, and learn how pro traders attack the trading day. … Read More
What are you going to do about it?
Last night a trader sent me a review from a very poor trading day. He wrote: Little mad at myself for not taking 2 of my best setups in UVE below 18 and HCI at 32. Had the alerts go off but didn’t take the trade, and those trades played out to perfection. It definitely got under my skin most … Read More
An anecdote from a developing trader on the prop desk- sizing
One of our developing traders is consistently profitable. Undeniably, he trades with edge. This is a great position to be in. But for some traders it is not sufficient. They are making money, but they are not making enough. And when you are sitting next to and behind 7-figure traders it is not enough. So this trader sought to trade … Read More
How market profiles are constructed
In this video Merritt Black discusses what market profiles are and how they are constructed.
Optimizing Discretionary Trading with Automation
At our firm, traders can be discretionary traders, automated traders or hybrid traders. Discretionary traders push the buttons and make their own decisions. Automated traders develop and idea, backtest, forward test, and then let computers run the strategy. Hybrid traders do a little of both and use technology to inform better discretionary trading. Often we hear in the Financial News … Read More
Ten reasons to attend Traders4ACause 2017
SMB will be attending, donating to, and presenting at the 2017 Traders4ACause Charity Event, this October 6-8 in Las Vegas. Here are ten reasons why you ought to attend: It’s in Las Vegas. Every dollar goes directly to selected charities. It is a wonderful networking event for you to meet serious and successful traders. I have attended … Read More
Do Options Income Traders Make Money Every Month?
The term “Options Income Trading” misleads new traders into thinking that they can realistically make money every month through this style of options trading. New traders may not realize that there will undoubtedly be losing months when adopting any of these strategies. In this video, we explain the realities of this style of trading, so that a new trader can plan his trading activities and cash flow realistically.
Making money in a low options volatility market
Most options traders have a defeatist attitude about earning profits in low volatility environments. The truth is that in many cases, low volatility environments are the best for making money in market neutral options trading. In this video, we cover the reasons behind this phenomenon.