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
Each of These Opening Drive Trades Are Different
Hi Mike- Hope you’re well. I am a part of your Foundation course and have been enjoying the education thoroughly. One of the skills I’m learning to develop is trade the open in stocks that are In Play. I perused the BBY blog from today and observed the move in INFY on the open. My question for you is are … Read More
How Many Screens Do You Use to Trade?
Hi Bella, I know this question may seem sort of insignificant to others, but I know a trader who uses 10 monitors at his trading desk. Me personally, I just use 2 right now & considering adding a third here soon. I know there may be a bit of a personal preference, but I just thought I’d try and see … Read More
Danger Will Robinson
One of the final lectures in The SMB Foundation is on risk. Risk as it relates to intra-day trading is not simply evaluating the order book for possible exits if a stock moves against you. It involves understanding the current market environment, the type of catalyst that is the primary driver for a stock on a given day, the price … Read More