Trading losses are part of the game, the trick is minimizing them and managing risk. Marc Principato, CMT, walks through a swing trade loss and how he managed the risk exiting the trade. Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge — Marc Principato, … Read More
A Lesson from a Failed Trader (for Now)
Trading is a very difficult sport. The representation of trading within the Financial Media Entertainment Complex is sensationalized and is intended to first entertain. Trading is a skill. You must build skill, then your PlayBook, and then you will be able to navigate yourself toward becoming a Consistently Profitable Trader. It’s not a game of guessing, no-edge predicting, IQ, luck, … Read More
The Broken Wing Butterfly Trade
In this video presentation, Seth Freudberg, SMBU’s Director of Options Training, explains the weekly broken wing butterfly trade, a powerful market-neutral strategy that is a favorite of options trading professionals. Seth Freudberg Director, SMB Options Training Program The SMB Options Training Program is a program designed for novice and intermediate level options traders who are seeking an intensive training process … Read More
The Third Step to Systems Success
Previously, we covered Risk and Return as the first two things we look at when building a system. The third thing we want to review is called Expectancy. The idea behind expectancy is to focus on the big picture and long-term results of your system — and not just the next trade. Insurance companies and casinos base their entire enterprise around this … Read More
Trend Follower or Counter-Trend? Unraveling the Complexity
What makes prices in a financial market system fluctuate the way they do is traders entering and exiting the market for an infinite number of reasons. Some may be getting stopped out while others may be adding to a position. We can never know for sure the reasons why they may be acting a particular way at a specific period … Read More
SMB’s Mike Bellafiore Speaks with Students at Pace University
Mike Bellafiore, co-founder of SMB Capital, spoke to students at Pace University about trading and the need to start early while they’re in college if they want to get an edge in trading. Enjoy the video! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions
Members Options Webinar: Livevol and Casey Platt: A Unique Perspective on Playing Earnings with Options (Sell the News, Buy the Rumor)
SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar—the Options Tribe—during which veteran options traders and experts in the world of options trading share live presentations. Next week, Kevin Nichols and Shannon Brandt of Livevol, along with Casey Platt, … Read More
Enhancing Trader Performance by Taking Some Nasty-Tasting Medicine
*****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 Enhancing our trading performance means we must swallow some nasty-tasting medicine from time to time. But I have found the nastier the … Read More