LVS hit our radar for a Spencer (my trading partner) 2nd Day play. There was not much a news catalyst in LVS, but yesterday it traded a higher RVOL, finished near the bottom of its range, and traded significantly weaker than the market. We walk onto our trading floor today wondering if there will be follow through or a bounce … Read More
Underperformance and Your Beliefs
We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, … Read More
How Do I Use Previous Support and Resistance Levels?
Hi Bella, I have been learning a ton from One Good Trade, The Playbook, and all the online educational content you have. Thank you! When you are analyzing a stock “in Play” and looking at previous support/resistance levels, how much weight do you give them going forward with that days trading? After all, we would be trading this stock in … Read More
FED Day Trading
In this video, Steve discusses how short term traders trade index ETFs on a “FED Day.” Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected].
Great Options Traders Learn From Each Other
In this video, Seth Freudberg talks about how options traders learn from each other. Communication is one of SMB’s Fundamental Principles–the critical nature of traders sharing information with each other for mutual growth. One of our traders came up with a unique concept to salvage a trade this week and shared that. Another trader on our desk adopted that concept … Read More
SMBU’s Options Tribe Webinar: Options Tribe Member Luis Guerra: “In-the-Money Diagonals As a Directional Options Trade”
This week, longstanding Options Tribe Member Luis Guerra will be sharing his approach to directional options trading through the use of in-the-money diagonals.
Midday Trading: How to Prevent Overtrading and Maximize This Trading Period
Mike Bellafiore takes a question from the trading community and discusses Midday Trading. Mike shares the best practices SMB traders use to prevent overtrading and make the best of these hours.
Why Bail Out On A Solid Strategy?
In this video, Seth Freudberg talks about staying in a solid strategy. The most solid options strategies will experience losses at various times during the year. Solid options traders recognize this and are unphased by expected losses. Traders without discipline bail out of well designed options strategies after experience a few losses, that were entirely expected. Traders who abandon solid … Read More