When running algorithmic back tests, it’s important to always include reasonable transaction costs and slippage assumptions. Here’s a quick example of how a seemingly great strategy can fall apart quickly when you leave these two critical factors out of the study. This is a simple range bound strategy for SPY that is setup to trade during the typically quiet mid-day … Read More
Formulating A Trading Plan: $YELP
In this morning’s AM Meeting I discussed a recent shift in my approach to trading momentum stocks as we have seen signs that bottoms are forming. In the second half of the video I share my intra-day trading plan for YELP: where it made sense to get long based on recent price action as well as a potential failure area … Read More
If Trading Stresses You Out, Change Your Perception
I see it all the time, income traders battling a trade at any cost. Sitting there hour after hour, day after day completely stressed out; using too many resources and taking on way too much risk just so they can win. It’s as if their life depends on winning the trade. This usually happens because the trader is attaching some … Read More
Buying a Call Doesn’t Always Work Even if the Stock Goes Up… A lot
In this video, Seth Freudberg, explains why making money on call options is not as simple as accurately predicting the direction of a stock. He uses a recent NFLX example to drive this point home. Enjoy the video! Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is a program designed for novice and intermediate level options … Read More
Give Me a Break SMB
Mike, I’m reading your book – One Good Trade – for the second time. In Chapter 3 you describe how your firm selects candidates and how much this process is inadequite. Why don’t you just let people papertrade (remotely from home) with your platform and see who does best? I understand your concern trying to select person with the best … Read More
SMB AM Meeting Recap: $TWTR
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 $TWTR. 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 April 28, 2014
No relevant positions Risk disclaimer
SMB AM Meeting Recap: $NFLX on April 28, 2014
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 $NFLX. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More