In this video Seth Freudberg discusses why you shouldn’t trade options before 10AM. You will see what can happen the first 30 minutes of trading. Seth uses an example of May 20th $RUT Index Put and shows you how the price changes based on time of the day. Enjoy the video. * no relevant positions
Be More Confident
In this video Seth Freudberd describes why traders filled with self-doubt will never be successful. Until a trader finds those strategies that he or she is comfortable implementing on a consistent basis, a trader will have a very hard time being successful. Successful traders are not bothered by losses and those losses do not shake the trader’s confidence in his … Read More
Podcast: How to find your trading edge
Above is a podcast for which I was interviewed on generating trading edge and below are it’s details from the podcaster. Episode 34 of the Desire To Trade Podcast features Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive … Read More
It’s a shame I got stopped out
Here is an exchange on our trading desk in NYC today. Trader: She got stopped out of her position today. It’s a shame because the market has pulled back in a bit. Me: You have to trade with stops. If you were stopped out and then thereafter a stock/product/market traded in your direction too often trader laments their bad luck. … Read More
Finding Edge in $VXX
In our SMBU Daily Video Andrew Falde takes an in-depth look at the $VXX and searches for ways to get short through systems and signals. * no relevant positions
Why this trader succeeded while most fail
Recently, I exchanged emails with a successful prop trader at a Tier 1 firm. I have known him since he was deciding whether to pursue trading, while still in college. We have kept in touch during his trading career. He has become a *very* successful trader. I asked him to share his thoughts on why he became successful. Here is … Read More
Trading A Momentum Reversal–TSLA
This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn’t an easy or simple trade by any stretch. My thoughts on one way to make this trade easier… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
This Trader Wanted to Quit
Mike Bellafiore, noted author and founding partner of SMB Capital tells a story of an ambitious young trader that he met while giving a presentation at a university. This trader entered the professional trading world a few years later at just the wrong time. He was ready to throw in the towel — but he stuck it out for a … Read More