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
Excellence vs. Perfection
I see too many people beating themselves up for not being perfect traders. That’s really sad because being a great trader and achieving the gains you desire isn’t about trading perfectly. In fact, expecting perfection often delays progress for years. When I talk to the most successful traders I know, they call their trading a culmination of errors that usually … Read More
The Distinction between an Idea and a Trade
I was talking with a new trader in my office with our floor manager trying to get him on track. “How do you think you are doing?” I asked. The new trader said, “I think I am doing a better job of sensing what sectors will move next.” So this is good work but not the whole game as many … Read More