Trading rules are designed to help us make money and eventually become a better trader. Unfortunately market conditions change. The static examples you find in trading education don’t provide guidance to navigate new price action. This is where the rubber hits the road and where success or failure lives or dies. How do you adapt? What is your plan after the perfect … Read More
Options Trading for Income with John Locke for May 12, 2014
No relevant positions Risk disclaimer ALL of the May expiration sample TRADES on the website have been closed at a HEALTHY PROFIT. Be sure to watch this replay of Option Trading for Income Weekly Update for the RESULTS! John LockeBe sure to visit our trading blog: www.lockeinyoursuccess.com And check out this video: http://www.smbtraining.com/blog/yeste…
SMB AM Meeting Recap: $ISIS
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 $ISIS. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Options Back Testing Report
(Please note the following is based on hypothetical trades using historic data.) The SPY Detector signal has a 20 year history of successfully navigating the underlying price change of the S&P 500. The signal is made up of 5 sub-systems that follow trend and momentum using proprietary indicators. Each of the 5 underlying systems makes up 20% of the total … Read More
SMB AM Meeting Recap: $TSLA
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 $TSLA. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
The Angry Trader Guy
On our trading desk there was a sudden bang, cuss word, and then chair slam. The chair slam is when a trader pushes his chair back into its place with intentional over-velocity. I find this is an underused outburst of trading frustration. It’s better than the hand bang as that can lead to a hand break. A new trader had … Read More
Enhancing Trader Performance Even When It Is Out Of Your Control
*****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 How much control do you have over the success of your next trade? Before you answer that question what will you base … Read More
Scalping the “Good Side” of an Iron Condor
In this week’s options lesson, Seth Freudberg goes over the importance of initiating good-to-cancel contingent orders to close credit spreads when trading iron condors. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn … Read More