This week Kerry Given returns to the Options Tribe the use of the diagonal spread. The diagonal spread is a basic options strategy, but it is versatile and may be used in several different market situations. In this webinar, Kerry Given, a/kl/a Dr. Duke, will discuss the basic aspects of the spread, the pros and cons of strike selection, and ongoing management of the trade. Several examples of diagonal spreads will be reviewed to illustrate the principles of this trade.
Did A Short SetupTrigger in JPM?
Following JPM’s earnings report it gapped higher then faded the rest of the day. Steve Spencer discusses a possible short setup. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected]. No relevant positions
The Proper Stop Loss
Bella shares two anecdotes from our desk this week of traders asking for risk bumps. Trader A asked to be bumped from 25 to 50k intraday as a stop loss. Trader B from 7,500 to 15k. In this video, Bella gives you a litmus test to determine your stop loss.
Sometimes Nothing is a Real Cool Hand
In this video, Bella corrects a new trader’s journal from insufficient to elite. We are not doing our job if we do not set up our traders to find out how good they can be. Many do trading journals. But are you keep a trading journal that will help you maximize your potential?
A Trader’s Definition of Hell
What would a trader’s definition of hell be? I say it’s the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn’t it? I have two ways of avoiding “trader hell” that I’ll share with you. Focus on process. I can guarantee you that if you … Read More
The Vocabulary of Winning Traders
Winning traders have a specific vocabulary. It doesn’t matter what market, niche, timeframe, or trading style they focus on… the words they use (and don’t use) are remarkably similar. We know this because we have worked with thousands of traders over the past 20+ years… and we’ve seen losing traders turn into winning traders. Often, the vocabulary they use changes … Read More
SMBU’s Options Tribe Webinar: Amy Meissner: The Power of the Asymmetrical Iron Condor
This week, Amy Meissner returns to the Options Tribe to discuss the many powerful features of the Asymmetrical Iron Condor options strategy, how it is superior in most markets to the traditional iron condor and how it fared in the very challenging post-election rally
Three Hidden Challenges with Iron Condors
The Iron Condor is a popular options trade … and often one of the first trades that options spread traders learn about. Options traders are excited to learn that they can make money when the market goes up, make money when the market goes sideways…. and even make money when the market goes down! As long as the market doesn’t … Read More