Netflix traded significantly higher in the after hours following the release of its earnings report. The one item that really stood out for me was the EPS. Despite a revenue number that was basically in line they were able to report an EPS significantly higher than expected. And more importantly they guided the EPS much higher for next quarter. What … Read More
How to Buy a Stock that Already Went Up 20% in 4 Days
Early today we posted the awesome setup in AMBA. Here’s another trade that Steve Spencer talked about before the market opened. ACAD has been a high flyer lately. Many developing traders run into a psychological barrier when it comes to long ideas on stocks that have already risen 20% in a few days. Here was Steve’s take pre-market End result… … Read More
Live Example of How to Find the Best Trading Opportunities Each Day
Each day our firm broadcasts an AM meeting to cover the best opportunities that we see in the market. This meeting occurs in the minutes prior to the opening bell. What you don’t see in this meeting are the countless hours of preparation from earlier that morning and the night before. The traders at our firm work tirelessly each day … Read More
SMBU Training Program (SMBU Daily Video)
In our SMBU Daily Video, learn more about SMBU’s training program. In this interview with David Rabello and Mike Bellafiore, you will learn: What makes SMBU’s elite training unique The different products and opportunities trainees have access to How new trainees can unlock their full potential We hope this video helps you improve your trading skills. SMBU Team * no relevant positions
Proprietary Trading (SMBU Daily Video)
In our SMBU Daily Video, learn what a proprietary trading firm does. In this interview with David Rabello and Mike Bellafiore, you will learn: What risks prop firms take on How the prop model works The relationship between the trader and firm We hope this video helps you improve your trading skills. – SMBU Team * no relevant positions
Why I’ll Be Trading Netflix Tomorrow
Netflix is the undisputed heavyweight champion of momentum stocks. Many have the false impression this makes it a great stock to trade on a daily basis. Oh contraire! For years its intra-day behavior has been quite erratic. But occasionally it sets up quite well. And when it does you should pay attention. Tomorrow, NFLX will begin trading split adjusted 7:1. … Read More
The Negative Drift of VXX
VXX has been a hot topic on the desk at SMB during the recent increase in market volatility. If you aren’t aware, the VXX is an exchange traded note (ETN) issued by Barclays that has the objective of following the cost of owning implied volatility. The biggest challenge with owning implied volatility is that implied volatility has a limited shelf … Read More
Cool Technology With Some Great Ideas
In the past few years SMB has built some remarkable trading tools. We led the pack in moving to HTML5 years before others (can use on smartphones and tablets). But beyond the cool technology in Scanner, Radar, and Real Time it is the actual idea flow that comes from very experienced traders. Traders who have spent years learning how to … Read More