This is part 1 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
Plan the Trade. Trade the Plan.
In this video, we discuss the merits of following your trading plan. Many options traders are good at designing strategies but most are challenged by actually following the details of the strategies under the pressures of market movement.
Why did I make this trade ($MGM)?
I made a trade in MGM today, and instantly self-talked: “Uhm, why I am in this trade?” It was not a trade that I trade well. It is not a trade that fits my personality. It is not a trade that extenuates my strengths. Why? Why? Why? We make progress as traders when we stop making trades that do not … Read More
Two ways to make more in OPHT
I gave a Junior Trader a hard time in our review after the close for not holding a winner longer. In all fairness, I should do the same for my trading. There are two areas where I could have traded OPHT better, consistent with trading that makes sense to me. I like trading stocks like OPHT. They had horrible news … Read More
A trick to trade bigger
“If you can’t sling around 80k shares than why bother?”- Trader Anonymous On the desk this past week one Senior Trader hit 80k shares for a scalp and a few junior guys giggled at seeing a trader take such size. It was a scalp. And it was a scalp in a stock under $2. So let’s put the size in … Read More
Trading lesson learned from a large loss
I am proud of a trader on our desk. He got stopped out in FNSR. In a trade that he should not have made. The trade is too fast for him. (Learn more about trading edge in this video.) He violated his stop loss. He got caught like a deer in headlights as the trade went against him. That is … Read More
SMBU’s Options Tribe Webinar: SMB Options Desk Trader Andrew Falde: The Emotion that Helped Me To Become a Profitable Options Trader
This week, Andrew Falde returns to the Options Tribe to share the decision that he made several years ago that saved his career as an options trader.
It’s never just patience
Often I hear traders decry their lack of patience. If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, “I JUST need to wait for my levels.” Again the idea is if trader just waits for his levels he … Read More