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.
Things heard on the prop desk this Monday
Monday’s strength was surprising to some prop traders on the Street, after the huge down move Friday. Let me share some things heard on our prop desk, and then make a trading point. Me: didnt expect today Trader: it’s just so annoying Me: yes yes yes. but good example of…..its our job to trade the market not expect the market … Read More
Man I stink II!
The feedback I received was decidedly positive that Man I stink! was very helpful for traders. It placed in context the challenge many face to become consistently profitable traders. The new trader wants so badly to be a successful trader. Most have succeeded at most things in their life prior. They expect success quickly. And it does not work like … Read More
Man I stink!
There are four traders in our September trading class, chosen from thousands of applicants. 16 days into his trading career one our new traders wrote this review: At the start of your career you are supposed to stink. The path of many traders is: 1) lose too much 2) lose less 3) flat 4) slightly positive 5) consistently positive 6) … Read More
Reading the Tape is all you need
Reading the Tape is all you need! For some trades and some traders that is. One savvy trader in an email exchange with veteran traders, said it so well: When we teach our new traders to make trade decisions, we ask them to consider 5 variables: The Big Picture Technical Analysis Reading the Tape Intraday Fundamentals Intuition On most trades … Read More
Why do you guys run an education company?
At SMB, our primary business is our proprietary trading desk. 85 percent of my energy and attention goes into the trading desk, our traders, and growing that business. But everyday, I do spend time on our education arm- SMBU. Recently, I had drinks with two partners of a proprietary trading desk in NYC and one asked, “Why do you guys … Read More