Wait a minute… we’ve still got another two and a half months until the end of the year, why are we talking about getting ready for next year? That’s because we believe in goal setting and proper preparation. And proper preparation is a never ending process. Top traders know how they can improve and they are thinking ahead 1 month, … Read More
Trade Triage- Damage control techniques for poor entries
In this discussion, we’ll discuss the example of the incorrect entry using an option strike with lots of time to expiration -and different ways we can employ damage control on a trade that looks to be upside down for a time. All commentary is hypothetical, and solely my opinion and what I might potentially do if I had this position. … Read More
30 trading habits in 30 days- critical feedback
Welcome back to our new series 30 trading habits in 30 days. Today we share habit #10- critical feedback. Do you get critical feedback of your trading? If not you will not learn how good you can be. Last week I read a daily review from a trader: If I see the setup, jump right in. My critical feedback to … Read More
[New Series] Which Technical Indicators Work Best?
Ever wonder which technical indicators are best for trading? Look no further than this series with Andrew Falde that teaches you exactly how to answer that question with statistics, custom algorithms, and back testing. No relevant positions. Trades are hypothetical.
Mike Challenges a Common Trader’s Statement
In our SMBU Daily Video, Mike Bellafiore challenges the common trader statement “If I see the setup, then jump right in.” He thinks you may say this as well. See if you agree with Mike’s teaching lesson. Have a great weekend. SMBU Team * no relevant positions
Pro Traders Have This in Common
The best traders in the world have something in common. More interesting than that… it’s something that struggling traders do not think is all that important. Not only do the best traders in the world share this trait; it’s also common to see this trait in top professional athletes, artists, world renown musicians, etc. Just like amateur traders — amateur … Read More
SMBU’s Options Tribe Webinar: Russell Rhoads, CBOE: Shorting Volatility with $VXX options
This week, Russell Rhoads of the CBOE returns to the Options Tribe to discuss how he uses $VXX options when his bias is short as to market volatility.
2 Trading Lessons from Our Lecture at Pace University
I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game. There are two takeaways to share. Trading is not what most people think. Too many are inundated with misinformation about what it really takes to be a great trader. The Financial Media Entertainment Complex starring … Read More