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
How to Read the Tape on the Short Side
In our SMBU Daily Video Mike answers a question from a reader on whether or not reading the tape is any different on the long or short side. The same thinking applies to both the long and short side. You must also consider news catalysts, where we are in the overall market, long term and short term technicals. * no … Read More
Time Diversification of Options Trades
Seth Freudberg discusses how to diversify your options portfolio. In our Daily Video he focuses on how time is one of the best means of diversifying market neutral income trades. It’s best to diversify your options income strategies so that they are not all subject to the exact same risks. One important form of diversification is to spread the initiation of … Read More
3 steps to win as a trader
In a previous post, I suggested this video on how to win, by Brett Ledbetter. How do we apply the lessons from this video of performance wisdom and apply it to our trading, so we improve? How does this video help us win as a trader? Consider three simple steps to improve as a trader and start winning: 1) Determine … Read More
My Trading Thesis Was Wrong
In this video I walk you through the process of developing a trading thesis and how to identify when you are wrong. 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]. Steven Spencer is currently long … Read More
Lessons learned in Chicago from experienced traders
Lessons Learned in Chicago From Experienced Traders from smbcapital This week I visited Chicago and with experienced traders covering different products and in different structures. I visited with traders at hedge funds, prop firms, broker dealers, trading education centers, independent traders, exchanges, and institutions. These seasoned veterans expressed their ideas in options, futures, stocks, automated trading, and international markets. … Read More