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
Traders ask: How do I get the most out of my options back testing exercises?
An active member of SMBU’s Options Tribe Community submitted the following question to me recently: Dear Seth, Hope this email finds you well I’m planning another set of back tests for my M3 style of options trading (yeah another one…… together with the Bearish Butterfly I think it’s now my fourth pass at this, but who’s counting when I’m having … Read More
Wait For Your Pitch
In this video Seth Freudberg emphasizes the importance of patience in waiting for the best price to initiate a trade and the many if benefits of holding out for an optimal price to enter a trade.
SMBU’s Options Tribe Webinar: Options Tribe Member Robert Esposito: The Freedom Options Trade
This week, Options Tribe member Robert Esposito makes his debut appearance on the Options Tribe presenting his signature “Freedom Options Trade” which he is employing successfully as one of the leaders in our Options Tribe trading contest