Before the Open our newest traders met at my desk to discuss the stocks to watch, including $BABA. When trading IPOs there are two important considerations: 1) momentum 2) technical levels Below yesterday low of 89.50 tipped the momentum down. Below 89.50 and BABA was at all-time lows, if you can say such a thing about an IPO trading 30 … Read More
SMB AM Meeting Recap: $BABA
In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $BABA. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
The Easiest Trade During the $BABA IPO
Watch this video below on how to attack the $BABA opportunity by trading $YHOO. The $YHOO short was the easiest trade during the $BABA IPO session. Watch Bella explain this excellent risk/reward trade with SMB’s new traders. “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education … Read More
How Many Trades Do You Find Each Day?
Hi Bella, First of all I would like to thank you for everything that you do for us traders. I’ve just started to read The Playbook and I’m sure it will help me develop as a trader. I’ve one question though, in Playbook you write that we should archive trades in our Playbook that makes most sense to us. Well … Read More
John Locke: Learn how to become a professional trader through the M21 Options Trading System
Yesterday, John Locke returned to the Options Tribe to discuss how options traders can wind up on an options trading desk by becoming skilled at the M21 Options Trading System. Unfortunately the recording on the meeting was corrupted but we have the powerpoint available. Enjoy! The SMB Options Training Program is a program designed for novice and intermediate level options traders … Read More
SMB’s Steven Spencer: A Must-Follow on Twitter for Trading Insights and Tips
……………………………………………………………………………………………………………………………………………………………………………………………. Business Insider put together a list of the top traders to follow on Twitter. Among the best names in the world of finance, SMB’s Steven Spencer was included in the list of top traders to follow on twitter. You can follow Steve @sspencer_smb. You can also get daily trading commentary from Steve in our AM Meeting. Many SMB friends … Read More
Enhancing Trader Performance: Instant Gratification Vs Delayed Satisfaction
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Let’s face it, we feel better about ourselves when we see positive results from our actions. We most often want to experience … Read More
The Probabilistic Framework (video)
Bruce Bower was in the office recently to shoot an up and coming video series on visualization. Over the coming weeks we will be sharing clips from this series with the trading community. Fill out the form below to stay updated on the series. We’ll notify you when the next video becomes available. Enjoy the video! Watch the other videos here! … Read More