So KBH outperformed the market yesterday. There were many tweets on @stocktwits asking where and how to buy. This chart below gives you an entry to consider. It was produced by an SMB Trader and sent to his desk with the simple message: ” add this picture to your playbook. memorize this pattern. KBH @ 14.28.” We call this a … Read More
What is Your Motivation to Be a Trader?
There are different styles of trading for different people. One of the keys to have success in trading is to find out what it signifies for you on a personal level and what you want to obtain of the future and economic benefits. To have a satisfactory and well rounded career, it is necessary to have an incentive that goes … Read More
Do not miss 2nd Day Plays
During a midday Tradecast I said, “You do not want to miss 2nd Day Plays.” These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The … Read More
Spencer Trade Review – $CLF 09.17.12
Steve discusses CLF’s recent trading activity and a few trades that he made in it on September 17th. Steve Spencer *no relevant positions
A Waste of Screen time
Screen time helps a trader build intuition and experience. That voice in your head that knows when to buy or sell without sometimes being able to verbalize why is intuition. But screen time alone is not sufficient. You need the right kind of screen time. Today after the close we held an SMB Tradecast. This is where a trader presents … Read More
Free Webinar Today at 5pm EDT : Jared Levy, Selecting Vertical Spreads Combining Options Knowledge with Fundamental and Technical Analysis
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 veteran options traders and experts in the world of options trading. Today, Broadcaster and Author Jared Levy will be making … Read More
Man vs black box – who’s winning?
Mike Bellafiore, author of the “trading classic” One Good Trade, shares his views on black boxes and what you can do to compete in the marketplace and adjust your trading around those programs.
Conviction Makes a Good Trader Great
A few days ago the head trader of our equities desk, GMan, had an exceptional day. Jokingly I sent him a message that read, “Now I know what ‘G’ stands for in Gman: Grande”. I’m writing about him here for two reasons. First, a significant part of his returns came from a position in the EUR/USD pair which he took … Read More