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 $AAPL. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Enhancing Trader Performance: Why Use Technical Analysis?
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note If you use some form of technical analysis (as I am assuming you do if you are reading this post via SMB) … Read More
Trading Education: Mastering Gap Trading Methodology
On June 4th we posted a pre-market video in which I discussed a potential “gap fill” trade in TIBX. When a stock gaps outside of the prior day’s range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it. I have … Read More
PnL as the Outdated Trading Stat
Will PnL be an outdated trading stat one day? Five years ago MLB pitchers were mostly defined by Wins and how many they had. Today this is seen as an outdated stat that does not tell you the real value of the pitcher. Sabermetrics has taught us there are more important measurements of a pitcher’s contribution like: percentage of ground … Read More
How To Remove Your Emotions From Trading
Investors and traders around the world are always wondering “How do I remove the emotions from trading?” We’ve all experienced the downside of emotions –panicking and closing out a trade at the worst possible moment; being too greedy and taking on an excessive amount of risk; or just watching our overall emotional state fluctuate with the markets. The natural reaction … Read More
Your 30 Day Trading Challenge
The TED2011 video below with Matt Cutts of Google ($GOOG) challenges you to try something new for 30 days. We can apply this to our trading. What something new can you do each day for the next 30 days to improve your trading? Some ideas: 1) Spend 30 minutes each day building and refining custom filters of your best setups 2) Spend … Read More