In a past post an SMBU Reader ripped SMB for its exclusive hiring process, in Give Me a Break SMB. This trader recently went on an interview for a prop trading job and was rejected. He vents in this playback of his interview experience. Hi Mike! Remember my previous letter with the same subject? Well, let me tell you how … Read More
SMB AM Meeting Recap: $PETM
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 $PETM. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Options Trading for Income with John Locke for May 19, 2014
No relevant positions Risk Disclaimer
The Playbook Checkup: Profiting from the Shooting Star Continuation Pattern
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a … Read More
Three Reasons You Don’t Trade with LeBron’s Confidence
Talent is a myth. Elite performance is earned. This means it’s within your grasp. There are principles of elite performance that produce results. Right now, your trading produces results. Good or bad you are getting results. But you know you can do better. Professionals understand how to consistently perform at a high level. That understanding is what you crave. How … Read More
How to Adjust Options Positions for High Yield
Many traders learn the M3 and fall in love with it. They love the high win rate, mild draw downs and ease of management when properly traded. After all the M3 Trading System was designed to minimize your risk while you learn to trade. Essentially the M3 allows you to earn while you learn with low risk positions. It … Read More
Meet SMB at The Trading Show Chicago 2014
Mike Bellafiore, author of One Good Trade and The PlayBook, and C0-Founder of SMB Capital, SMBU and SMB Systems will be the Chairmen at The Trading Show Chicago 2014 this June 4-5. Sign up here to attend. Also if you are from the Chicago area and wish to meet with Mike, feel free to reach out to him at [email protected]. … Read More
How to Overcome Limitations of Common Options Trading Income Strategies
Why Smart Options Traders Match the Strategy to the Conditions Are you frustrated with the lack luster returns and poor performance of most so called “income trades?” Directional and trend following traders tend to take repeated losses in sideways markets. Most common strategies such as buying stock, covered calls, naked puts and bull verticals and collars do very poorly in … Read More