@MikeBellafiore Well we have all had these feelings as a trader/investor. I am doing so well…this cannot continue. And we are fearful about what is around the corner. I am trading $TSLA so well, this is going to end badly. I am printing money in my $NFLX swing trades, a large loss is coming. I am trading in and … Read More
SMBU’s Options Tribe Webinar: Frank Fahey, Optionvue Systems, International: Focus on Risk and the Profits will Take Care of Themselves
Today, Frank Fahey returns to the Options Tribe to discuss how he views options trading from the standpoint of risk, in lieu of focusing on reward and losing track of obvious and hidden risks in options positions.
Don’t Chase Your Own Tail in Order Execution (SMBU Daily Video)
In our SMBU Daily Video, learn why you shouldn’t chase your own tail in order execution. In this video from Seth, you will learn: Traders often get confused by bids or offers entered by other retail traders How you can tell the difference between a market maker and a retail trader This video explains how to clear out the noise created … Read More
Trading Lesson: Finding The Best Trading Opportunities
Every morning I create a written game plan with 8-10 stocks that I believe will offer the best risk/reward trading setups. The game plan is divided into two categories: Fresh News/In Play Stocks and Second Day/Technical Plays. As I was creating today’s game plan I began to feel a small level of anxiety as I wondered how to hone in on … Read More
An anecdote from the prop desk: The unprepared trader
Often new traders think they are prepared to trade when they aren’t. They think they have done the sufficient preparation to trade and the market truth is that they haven’t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared. Those who have underperformed have met their definition of prepared but not … Read More
The education of a trader: growth mindset (video)
Hello Mike, I hope this email finds you well. My name is Rayner and I’m a proprietary trader based in Singapore. I have a website www.tradingwithrayner.com which I update regularly. I am a big fan of your work and especially the book you have written One Good Trade. This was the first and only book that opened my eyes into … Read More
SMBU’s Options Tribe Webinar: Options Tribe Member Nir Sheep: Finding Edge in VXX Trading
Today, Options Tribe member Nir Sheep presents for the first time, to discuss his fascinating approach to VXX trading.
Free Video Series for Systems Trading
We are preparing to develop a series of free videos on the topic of Systems Trading. Systems are applicable for equities, options, futures, and forex traders. They can be as simple as a set of guidelines for entry and exit — or as complex as a fully automated black box. Our focus with SMB Systems is to accelerate your process … Read More