Have you ever contemplated who you are really competing with in the forex market? Does it really matter? You just want to make some money. Who cares right? It matters because you can gain great perspective from understanding why different market participants operate in the market. Contrary to what many of the retail trader conspiracy theorists believe, your broker is … Read More
EUR/USD Great Trading Range
The EUR/USD is in a bull flag pattern. To us that means long and short potential. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Unleashing the Power of an Options Trading Plan: Beyond Strategy
One common reason that options traders can’t find consistency is because they lack of a trading plan. You may be able to track your performance, but without an options trading plan it will be very difficult to repeat your success and minimize risk. A comprehensive options trading plan outlines how you will trade (your method), how much money you will … Read More
Behind Old Support / New Resistance?
A basic market concept that can really help to identify important levels in any market. Subscribe: http://www.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
Get a Free Copy of The PlayBook
The PlayBook, written by SMB co-founder Mike Bellafiore and author of the “trading classic” One Good Trade, is free for a limited time for the Kindle here. We hope you enjoy it! The SMBU Team No relevant positions
Mastering the Options Trading Golden Compass: A Guide to Reviewing Your Trades
One of the hardest things to do while attempting to become a profitable options trader is to find a strategy that you are comfortable with and then sticking with it long enough to give you a chance to play out over many trades. Many of us believe that we can purchase an options trading course or read a book and … Read More
PlayBook Exercise: RHT
Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey for the college student with a passion for trading. Here’s an earlier post by Jake, “Do We Really Need Rules?”. Related blog posts: First Team Wall … Read More
Butterfly Options Strategy: Enhancing Risk-Reward Ratio
In this article we are going to discuss another options trading “income” strategy called the Butterfly. There are actually two strategies which fall into this category the “Butterfly” and the “Iron Butterfly”. The Butterfly is created using either all call options or all put options where you have a debit and credit spread joined At-the-Money by the short strike price … Read More