Here’s something that you can learn from and potentially add to your trading to increase your chances of being profitable every month. SMB added an options trading desk a few years ago. Over that time we have seen a very valuable pattern develop. When directional equities and futures traders are struggling with low volatility, the options desk is usually doing … Read More
“Just Tell Me What to Do”
Developing traders are sometimes humble (or desperate) enough to make a request for help that sounds something like “just show me”, “give me a step by step”, “what’s an if-then that I can use”, etc. The response we provide is usually disappointing. The developing trader wants the answer to begin with “whenever you see this happen, do this…”. However, our … Read More
Building your trading team
Performance isn’t exclusively about skill and strategy. In fact, one top coach leaves all of this out of his top three keys to building a team. This is interesting to us as traders, as some of us trade in teams or something like teams, for improved performance. Team Trading is part III of our training for new traders on our … Read More
Stay away from these stocks
Hi Michael, I love One Good Trade. A book on Trading has never been so insightful yet so simple and engaging. Even Mark Douglas and (xxxx) can borrow a leaf or two from the simple, familiar language. I love it. Currently shopping for The PlayBook. Back to trading; in ‘One Good Trade’ you advise traders to avoid stocks with high … Read More
How to make better trading decisions
In this Ted talk below, writer Julia Galef argues that making good decisions is dependent on employing a scout mindset. This talk is helpful for us as traders to make the best trading decisions. Galef breaks mindset into two categories: scout mindset and soldier mindset. The soldier mindset defends their ideas. This “motivated reasoning” tries to make some ideas win … Read More
Trade Options Like an Atom Bomb is About to Go Off in Times Square
In this video Seth Freudberg discusses why it’s so important to have a contingency plan for your trading. Traders never know when something unexpected will happen. Professional Traders always have a contingency plan for unexpected market events. This video reviews some of the viable contingency plans that are used by professional options traders.
40 trading lessons from The PlayBook
An experienced and successful trader is starting with our desk, powered by Kershner Trading Group, next month. He is one of the more diligent traders you could meet. I have compared him to Tim Tebow in One Good Trade for work ethic. He just powered through One Good Trade and The PlayBook to improve his trading game and better prepare … Read More
SMBU’s Options Tribe Webinar: Bruno Voisin: The Rhino Options Trading Strategy
This week, Bruno Voisin makes his debut appearance on the Options Tribe presenting how he trades the popular Rhino options trading strategy.