Why You Need to Learn How to Adjust Your Plan “Jeet Kune Do is simple, but you need to know when to use a certain movement.” -Bruce Lee Most trading frustrations come from allocating capital at the wrong moment. Learning when to avoid a strategy and, why you should, will eliminate costly inexperience. Strategies live in a vacuum but the … Read More
Becoming a Confident Trader: It’s Not What You Think
As a trading psychology coach, one of the more common questions that come up is “How can I be a more confident trader?” This is an extremely important subject because having the correct confidence level is essential to being a good trader. Lack of confidence creates stress and poor trading decisions which lead to unneeded losses. Let’s take a look … Read More
Why Options Traders May Have the Better Mindset
After fifteen years trading equities the insight hit me like a sledgehammer… A casual conversation with John Locke turned into one of those movie scenes where the actor wakes up from a deep sleep with a new mission. In my case it was a new thought process of how traders actually earn money. Now keep in mind here I am … Read More
Yes You Can Become a Better Trader!
How You Can Be Better Tomorrow Than You Are Today I am often asked: What is the most important attribute to become a successful trader. My answer may surprise you. It has nothing to do with “conviction” market predictions. In fact, for those that have read my latest book The PlayBook, I scorch the myth propagated by the Financial Media … Read More
SPX Ratio Spread: 3 Year Back Test
I recently completed a third year of back testing the SPX Ratio Spread on the SPY Detector signals. Without any changes to the rules or the signals, 2012 had remarkably similar results to the previous two years which were much more volatile. Here is some documentation for this back test: PDF Overview: SPX Ratio Spread Back Testing Results – Part 2 … Read More
Risk Management of Iron Condors
This week, Seth Freudberg, SMBU’s Director of Options Training, discusses a monthly iron condor trade using $NDX index options. 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 how to trade options spreads … Read More
PetSmart Not So Smart?
This morning I created a “trade idea” video featuring a short setup in PETM. Here is how the trade actually played out for me. The idea behind the trade was there was a fresh catalyst causing bearish price action during pre-market trading, and a similar setup has yield excellent results recently in stocks such as DKS and INCY. A very … Read More
How to End Stock Picking Frustration
Even the best traders have their bad days (or weeks or months). Sometimes the frustration can be maddening. It’s not a question of talent – as previous trading success bears this out. It’s just that sometimes, things just stop working and you need some fresh ideas – and when you go to the well, it comes up dry. Successful traders … Read More