Anne-Marie Baiynd returns to the Options Tribe to discuss the proper strike selection for iron condors as well as the use of technical chart formations to make options trading decisions. Enjoy the video! We look forward to seeing you at the meeting! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is a program designed for novice … Read More
It is all BS
Hi Mike, I am writing this letter to tell you how an ordinary trader can see things from a totally different perspective after reading the “The Playbook”. I appreciate your firm for the information it disseminates to the aspiring trader community. I tried to catalog my trades (for eight months—my trading life) as suggested in the book. Results: 1) I make … Read More
Making One Good Trade Decision
I’m a newbie, trading for my second month live at a young prop office in Moldova, been trading my account unsuccessfully for almost 2 years before this. I wanted to share a short story of Thursday’s trading. In the morning I couldn’t find any good opportunities for my approach to the Market, but then came the news in BP and … Read More
The Risk of Shorting a “Low Float” Stock– $DGLY
While I was in Nantucket on vacation DGLY popped from $4 to $8. I began to talk to our traders about further upside and the inherent risks associated with shorting a “low float” stock. This video expands a bit on my thought process. Enjoy! Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
We are Hiring! Trading Floor Manager in NYC
Our trading desk in NYC is looking for a new Floor Manager. If you are interested, please apply here. We are looking for someone with trading and supervisory experience to work on and oversee the trading floor in our NYC office. Ideal candidates will have considerable experience in both trading and overseeing traders and trading risk. (This position will also … Read More
Top Ten Trading Books
I had a wonderful conversation with a retail trader who has read 194 trading books. Wow! This gentlemen has a passion for trading and reading about trading. I was actually speaking to him about our firm backing his trading. He has developed a track record while working full-time in the Heartland. For those of you trading retail who dream of … Read More
The First Trade We Teach (An Example with $DSW)
Good afternoon. I hope this email finds you well. I have spent many hours over the past few weeks reviewing your YouTube videos, blog posts and anything else that I can get my hands on that offers a glimpse into how your trading desk makes money. I’m about 2/3 of the way through your book One Good Trade I have been … Read More
Should You Quit Your Job to Trade?
Dear Mr. Bellafiore, Hello my name is Jeffrey, first off I’d like to thank you for the information in your book “one good trade” it’s been very helpful. I’ve been day trading for 2 1/2 years now. I can’t trade stocks because of my work schedule but do take advantage of the Future and Currency markets. I’ve come to realize … Read More