The TEA has fired off a big warning on SPY – The first since May 8th. The current bullish move was confirmed about a month ago and held nicely with only moderate warnings on down days. In the context of slowing momentum and an extended move; yesterday’s bearish move is a more relevant warning. Applications I’ll be quick to … Read More
SMB AM Meeting Recap: $WEC
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 $WEC. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Take Your Back Test Into the Future
So you’ve developed or learned about a great strategy. You back tested it, tweaked the rules, and re-tested. Maybe the results are looking great – now what? All the information that you have is history. Is it reliable and repeatable in the real world? Here are few things that I do before running a strategy live. 1) Make sure the strategy works in … Read More
Stocks Do What They Want To $COH
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, analyzes a trade in $COH for the SMB College Student Training Program on causal Friday at the firm. This 2nd Day Play in $COH had some traders on edge but the real trade was letting $COH do what it wanted to do below the 34.85 level that developed. As always, we … Read More
Directional Options Strategies
Seth Freudberg, Director of SMB Options Training, lectured the SMB College Training class on the concept of using options as an alternative to equities. In this video he demonstrates how options can be used to capitalize on directional moves in stocks. Enjoy the video! Risk Disclaimer no relevant positions
Properly Setting Your Trading Goals to Lower Stress
As traders we often set some sort of performance “goals”. We might say something like “My goal is to make $5000 per month trading”. There are problems with that goal, the biggest problem being that we don’t actually have control over how much money we make in any given trade. We might have a lot of influence on how much … Read More
Options Trading for Income with John Locke for June 16, 2014
Risk Disclosure No relevant positions
SMB AM Meeting Recap: $AAPL
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 $AAPL. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More