Thank you for the lesson last night Pro or Piker. I just reminded me of some thoughts that I had forgotten. Though I wasn’t sure one question I asked was seen. When you rip a trade and you see another trade with the set signals but don’t take it you are a piker. I agree. But isn’t it sometimes good … Read More
Is My Trading Scalable?
Hi Mike, Thanks for your offer to answer my question this afternoon by email. I wondered why you said it takes $1M-$5M to make $1M in annual profits? One can certainly make more than $50K annually with a $50K account. Why isn’t the relationship more linear in scaling up? I must convey my deep gratitude for the invaluable knowledge and … Read More
This is What a Successful Trader Looks Like
Hi, I applied yesterday for a spot in SMB Capital’s team. My resume is poor. I’m trying to increase my chances. First was TDC. I waited for the reversal and based on the Tape I’ve spotted buyers stepping up the bids. So i add a small size, initiating my long position. The tape continues to look strong so I add … Read More
Jared Levy on Bloomberg TV
Jared Levy, who created the options video series “The Vertical Spread Advantage” for SMB Options, appeared recently on Bloomberg TV to discuss “The Options Trade on US Housing“. Please sign up below to receive a pre-launch discount on our new video series.
Don’t Be a Trading Cliché
The trader who doesn’t like to share ideas and strategies with others because they actually believe their techniques are so special that they will lose their “edge” if they share. seriously. The trader who fades every gap The trader who trades every gap for a continuation The trader who thinks that reviewing your important trades is “second guessing” or “monday … Read More
My Thought Process: $NFLX
NFLX had a very powerful downtrend the prior day when it broke the March 28th support of 188.70. I was continuing to monitor it for a break of the 180-179 area. I missed the initial short entry on the Open when it held below 182. As luck would have it I returned to the desk just as NFLX was spiking … Read More
Did My Exit Make Sense?
Yesterday I had an alert set for BIIB at 192 as it was support into the Close the previous trading day. In stocks that are in strong uptrends I like to buy at this price level if I see support on the tape. After pulling back to 192 BIIB moved sideways for over an hour moving above and below this … Read More
Why I Tweeted HUM was a Short
Today during the trading session I tweeted on StockTwits about an excellent $HUM short opportunity, as you can see below. The funny part about these tweets, and I will let you do the research, is I was called out for these short tweet ideas by a few. My response to this now is the same as it was in real-time: … Read More