I try to offer examples of best practices from succeeding traders and share them with the trading community. It is my hopesuccess.1 developing traders will co-opt some of these best practices and improve their trading. I have another one to share- this one from our options trading desk. One of the options traders on our desk just had his best … Read More
I Start My Stock Selection Here
It’s officially earnings season. We trade in interesting times. How can you not love the Ackman HLF Dump Summit? Most of us on the desk were trading $HLF and piped into his presentation via livestream.com. NFLX reported and got beat up offering a series of excellent risk/reward trades for the short term trader. HOG got hit reporting shipments will be … Read More
A Focus on Immediately Being in the Money Helped this Trader Improve
I had a conversation with one of the traders on our desk end of month congratulating him on his improved performance and inquiring on the reasons for it. We sat in my office and I congratulated him on improving from consistently negative to flat for the month. Come again Mike? Why is that something for which to congratulate a … Read More
Options Trading for Income with John Locke for July 21, 2014
Risk Disclosure No relevant positions
How Do I Simplify My Trading? – Part 2
Dear Mr. Bellafiore, My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback). Your responses to my inquiries have always been courteous and insightful, so I’m turning to you once again for some more advice. With the full support of my spouse, … Read More
What Do You Need First to Gain Trading Edge?
I have been listening to a great deal of the Toddler music channel on Pandora so pardon my lyrics. First comes skill Trading Skill! Next comes edge Trading Edge! Then comes trading profits in your head …..And in your bank! Our firm has edge during Russell imbalances. I was discussing this strategy in theory with our college training class, exposing … Read More
Harness the Power of Your Emotions
As humans we make decisions based on emotions. Of course we sometimes use logic change our decisions but our initial decision, and the one we are most likely to act upon, is always based on emotion. This is because our emotions are much more powerful and react much more quickly than our logic. Therefore, our emotions quickly send us down … Read More
The PlayBook Checkup: Unusual Options Activity in $SUNE
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video … Read More