In our SMBU Daily Video Seth discusses the importance of finding a group of traders to trade with. Many options traders are isolated from other options traders because of their geography This isolation causes traders not to get exposed to new ideas to enhance his or her skills as options traders Joining an options trading community provides a solution to … Read More
SMBU’s Options Tribe Webinar: Options Tribe Member Dan Davis: How I Trade Iron Condors
This week Options Tribe Member Dan Davis makes his debut presentation on the Options Tribe to discuss his specific approach to trading iron condors.
Put the trade on……NOW
It is that time of the month. Time for monthly reviews from our traders and time for me to read them. One developing trader wrote something that will trigger an important conversation about spotting your best trades. If you do this better this month you will see improvement with your trading. This developing trader wrote: Decrease the amount I lose … Read More
An antidote to trading on tilt
I received this email today from a veteran and *very* successful independent trader. He sends me his thoughts on his trading each day, which I really enjoy reading. And I share some feedback, where I can help. Remember, these are the thoughts of a very successful and veteran trader. If he has them, then certainly many of us have the … Read More
Wait For It–The Market Short (video)
Many traders are anxious about missing their setup. In this video Steve discusses. 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 20 years. His email address is: [email protected]. no relevant positions
Risk Management for New Traders
In our daily video Seth Freudberg discusses risk management advice for new traders. Some key points made by Seth: Get into mindset that you will be in your job for a few more years at least. Trading options can stay in your current job as long as you have internet access 3-5 times per day. Find options strategy that works … Read More
What will they say about you?
What will they say about you after your trading career? I was interviewing a female retail trader for a spot on our desk and asked her one of my standard questions. She was self-taught, a single mom, former teacher, living in the Dallas/Forth Worth region and posting consistent six-figure returns, with a small trading account. I asked: who is your … Read More
Earnings Season in Full Swing!
Only four times a year do we get the opportunity to participate in some of the biggest moves individual stocks will experience during the rest of the year. To take full advantage of these opportunities, the work often starts the night before and hours before the market opens. What is your process to prepare for trading these opportunities before the … Read More