The S&P 500 is knocking at the door of the highest close in over a month. The path to this point was not straight. 7 of the past 12 sessions saw the index down significantly at some point during the day or pre-market. Do you get trapped into this noise and make adjustments based on the current tape rather than … Read More
The Third Week of More Mindful Trading
The Third Week of More Mindful Trading In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The first two posts in the series can be found here: Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading To bring new readers up to speed, here is a brief refresher on mindfulness. … Read More
8 athletic brands passing me in Central Park
New Yorkers take their running very seriously in Central Park. Too seriously if you ask this twice-a-week jogger and now very former athlete. Many many many were passing me on my amble home last night, which at first was deflating…. but then opportunistic. You see when you get passed by as many as I did you get an upfront … Read More
4 ways to trade with a bias
Hi Mike, Just finished reading The Playbook (after One Good Trade earlier) and felt obligated to send a thank you note. I really appreciate you offering this information out in the form of a book unlike anyone else really does in trading! It helped me build even more on my base trading knowledge. More importantly, it made clear the … Read More
Enhancing Trader Performance: The tendency to twaddle
If you have nothing to say, say nothing. – Mark Twain Have you ever been on the receiving end of a conversation or listened to an explanation and thought, “what the heck did he just say?” Or have you read something and had to reread something several times to figure out its meaning? If you have it is usually not because … Read More
The best books to improve your trading/investing
I was on the phone last night making an offer to a college student for our desk and the young man let out a loud, “Yeah! Awesome! Awesome! Awesome!”….. And then much more importantly,”What can I do between now and then to prepare.” At our firm, we send out a reading list for incoming traders to best prepare them. Here … Read More
John Locke’s Super Simple Spreads Course to be Available Later this Month
We’re excited to announce our upcoming options trading course that teaches: FOUR systematic strategies that options traders can use to trade high probability spreads that actually have a high probability of success… WITHOUT taking excessive risk. John Locke is one of SMB’s top options traders — and our firm backs several traders that use John’s strategies. We put our money where … Read More
Should you have traded these 5 stocks today? (SMBU Daily Video)
In our SMBU Daily Video, we highlight 5 trade ideas before the open and discuss whether they were worth trading. Should you have traded $GOOG? $BAC? INTC? $AMAT? $GPRO? I offer my thoughts on whether these setups were worthy of your intellectual, emotional and financial capital in this video. I hope it helps! *no relevant positions