Join Dr. Steenbarger and SMB at our NYC beers and trading talk event this Thursday. From Dr. Steenbarger at his blog TraderFeed: As posted earlier, I am organizing a craft beer get-together for NYC area traders a week from Thursday (May 21st) at 5:00 PM. We will meet up at the tasting room of the Whole Foods on Columbus Circle … Read More
Should I Get Short Wal-Mart?
In this short clip from the SMB AM Meeting I discuss Wal-Mart’s earnings and a potential fundamental short catalyst. In these scenarios we come up with a thesis and look for price action confirmation. If you think this sort of overview and game planning can be helpful in your trading sign up for a tools trial below. Steven Spencer is … Read More
Mastering Market Orders in Options Trades: A Comparative Guide (RUT vs. IWM)
Limiting risk is critical to the long term success of your trading. Every strategy has a downside. Every trade is subject to having you on the wrong side of a big move. It’s important to have a plan to keep that risk in check. Some options strategies have built in risk. Meaning there is no way to lose more than … Read More
Tesla Revisited
Last Sunday I posted this long term chart on TSLA suggesting the coming weeks could present significant upside for the stock. My thought process was the gap fill following the earnings report would serve as a potential catalyst for further upside on the stock. The short interest continues to be very high. My “best case” is the 265 area where it had put … Read More
Ask anything: how can I become more consistent as a trader?
I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex — AApl, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. It seems like every I “perceive” an opportunity I jump — just that I seem to be extremely inconsistent. … Read More
How to become the Derek Jeter of trading
David Leadbetter, legendary golf instructor, wrote a brilliant article for The Players’ Tribune explaining why Derek Jeter and other elite athletes find golf so hard. Mr. Leadbetter writes: It’s a common misconception that athletes can easily transition to the links. The truth is a little more complicated. While athletes have a leg up on some of the mental and … Read More
Steven Spencer Interview with Hamaha.net – Part 1
In our SMBU Daily Video, watch Part 1 of Steven Spencer’s interview with Hamaha.net, a popular Russian trading site. This interview will discuss: How Steve started his trading career The costs associated with trading The buying power a trader typically works with How partners Steve and Mike ended up working together Enjoy the video! *no relevant positions
This 5k loss was my best trade of the month (video)
Hey Mike,Just curious if you have an example of a losing trade you had recently, and if you still considered it a good trade?Thanks.Jonathan A. mikebellafiore This is a great question! When I watch the Financial Media Entertainment Complex talking trading/investing I smh. Who are those people on TV so certain their call in $AAPL is correct? What market is … Read More