Short term traders make thousands of trades each year. But not every trade is of equal importance to our bottom line. We develop a trading plan for every trade regardless of how large or small the opportunity, but with experience we begin to identify the trades that offer the greatest upside and the best risk/reward. I have found in my 20+ years … Read More
Fading An Earnings Gap–Darden Restaurants
In this video I discuss my thought process for shorting DRI after they released their earnings report. This follows a video from a few weeks ago in which I shorted RHT. Understanding the catalysts where an earnings gap is likely to fail can help you increase your win %. Add these to your playbook if they make sense to you. Steven Spencer is the … Read More
16 trading lessons live from Traders4ACause
This weekend some trading colleagues and I attended Traders4ACause, a charity event in Las Vegas. The conference is packed with live lessons for traders from traders and raises money for the charities, such as, GiveWell, BCRF, and three square. Here are 16 trading lessons learned live from Las Vegas: 1. BCRF: 50 percent of cancer can be reduced thru lifestyle- … Read More
Five things profitable traders do that losing traders don’t
Ever wonder what is going on the minds of professional consistently profitable traders? An extremely important part of our firm’s success is modeling what top traders have in common. These common characteristics and practices are things that you can learn from and apply to your trading. This Thursday at 4:15 pm (NYC), Mike Bellafiore will be teaching a free online … Read More
SMBU’s Options Tribe Webinar: Len Yates, Optionvue Systems International: The VXX Trading System
This week, Len Yates of Optionvue Systems International will cover Optionvue’s exclusive VXX trading system which has undergone a recent enhancement
Start Your Trading Goals for 2017 Now
Wait a minute… we’ve still got another two and a half months until the end of this year, why are we talking about getting ready for next year? The pro traders on our desk are already preparing their goals for 2017. Proper preparation is a never-ending process that requires you to be thinking ahead. Even the top performing traders know how … Read More
When A Stock Is Crushed
When a negative catalyst causes a stock to gap lower 20% or more it attracts a lot of attention. Should we look for a bounce? Should we stay short and look for more downside? Here are some things to consider Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Decoding Price Action Analysis: Understanding the Key Differences from Technical Analysis
Technical Analysis is what you already know. Price action analysis is what you should know. Technical analysis is the study of charts. Looking at patterns with the hope that it will appear again and offer an opportunity to make money. That’s not how you make money trading. Profitable trading is about skill development. Price action analysis is truly understanding the underlying factors … Read More