Dr. Brett Steenbarger, the Coach K of trading coaches, generously visited our firm today and spoke with our traders. I asked him to tackle four issues during his discussion: I want to take my trading to the next level If I could just wait for my setups If I could just stop taking lesser trades Define the competitive trader I … Read More
Win Percent is Overrated!
Let’s look at one of my recent trading sessions. It was a low win percent session, but the benefits of reading the tape kept me in the drivers seat the entire session.
SMBU’s Options Tribe Webinar: Gareth Ryan of IUR Capital: Harvesting premium with $SPX options
This week, Gareth Ryan of IUR Capital returns to the Options Tribe to focus on applying a 1×3 setup for premium extraction on equity index options using both weekly and monthly options.
Unleashing Potential: Empowering Traders through Desk Training
Yesterday a 30 year market veteran, who has been a part of our trading community for years, stopped by to visit. He has been struggling with his trading and felt something was just missing. He wasn’t sure exactly what. His visit and our discussion about his struggles became so interesting to me. This retail, developing trader was struggling with the … Read More
Nothing wrong with skipping a trade
In this video Seth Freudberg discusses how low and high volatility environments can drastically change the risk/reward for options traders. He compares an iron condor trade in both low and high volatility situations to show the impact.
SMB at The TradersExpo New York 2017
SMB will present at The TradersExpo New York 2017. You can sign up to ATTEND FREE. Mike Bellafiore will present February 27: Seth Freudberg, who runs our Options Desk, will present as well. Last year Mike presented and then stuck around to answer questions. We hope to see you at The TradersExpo NYC 2017. *no relevant positions
Taking your trading to the next level
In a daily trader review or monthly trader review, often I find the words: “to take my trading to the next level.” Traders wish to take their trading to the next level. It’s almost like we could start a cult: Next Level Trading. The desire is there for most traders. The question is the how. Most traders focus on trading … Read More
Check In With Yourself
One thing I consistently see with most traders I mentor is a lack of a holistic premarket preparation routine. Yes, most already check the news, find things they’re interested in trading, and begin to pour over charts for levels and patterns. Pretty standard. All good things ,but… What I teach my mentees is to add checking in with themselves! Sure, we … Read More