Each morning prior to the market open Steven Spencer breaks down the best trading setups for SMB’s trading desk based on news, technical analysis, and pre-market price action. Highlights 02:23 GS analysis and key prices to watch for possible trades 10:50 HLF and two key levels to watch for potential plays 12:00 Figuring what days to trade stocks like HLF … Read More
The PlayBook Webinar Series – The Breakout Trade in GS
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, January 17th at 4:15PM EST for the free Webinar Series, The PlayBook. As always Mike will take questions and encourage participation. He will be discussing the Breakout Trade in GS. Click here to register for this free Webinar. Attendance is capped at 500, so make sure … Read More
I Hate Goldman Sachs
I don’t hate Goldman Sachs in the Matt Tiabbi, vampire squid kind of way. Most of the people I’ve known over the years who have worked there are good people (including Gman, who did a one-week stint right out of college before he realized he was a squid out of water :). My distaste is for the Goldman stock GS. … Read More
Five Ideas for Your Trading Future
Dear Mike, My name is (deleted at e-mailer’s request) . I have written to you a couple of times over the past few years and have always found your advice helpful. You even were nice enough to give me a call a year or two ago after I had sent you an e-mail asking for advice. I am a fan … Read More
Free Option Tribe Today: CBOE’s Russell Rhoads on $VIX vs. $VXN trading
Tuesday, January 22, 2013 at 5pm EST SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. Today, … Read More
Can Touching Improve Your Trading Performance?
There is a wonderful blog I just found Barking Up the Wrong Tree that focuses on performance. One research report was recently cited on the power of touching and enhanced performance that I found interesting to our game of trading. In a paper due out this year in the journal Emotion, Mr. Kraus and his co-authors, Cassy Huang and Dr. … Read More
What questions do you ask before making a trade?
I received this email question from one of our new female traders. Yesterday I began to be really vigilant about asking myself a series of questions before each trade. I need to improve on answering each of them accurately and honestly (a goal for today), but I think the practice is hugely helpful. Is there anything you would add to … Read More
This Trader Is Delusional!
On Sundays some SMB Traders send me their weekly results. Here is an example from one trader, who I like a lot and am rooting for, that p***** me off. This week could have big a big week for me and one that has really set in on me bc I lost $1,000 and I wanted to know what happened … Read More