When US equities markets opened yesterday a 9:30AM EDT many stocks were more illiquid than usual (the norm for our markets is very little liquidity during the first 30 minutes of trading). On our desk you could hear Bella barking about erratic price behavior and lack of liquidity. We fired off emails to our broker dealer and technology providers trying … Read More
Wall Street Weekend with Mike Bellafiore – Singapore
Join Mike Bellafiore, author of the “trading classic” One Good Trade for the US Equities Training Program Seminar in Singapore on Aug 24th – September 20th, 2012. For more information, please click here
Yesterday’s Option tribe:Weekly Broken Wing Butterflies on SPX – Greg Loehr and Chris Stockton
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.This week, Weekly Broken Wing Butterflies on SPX was … Read More
Free Webinar Today, 5pm: Weekly Broken Wing Butterflies on SPX – Greg Loehr and Chris Stockton
Today at 5:00 pm Eastern Daylight Time 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,Greg Loehr … Read More
The SMB Foundation: Proof that Prop Trading is Not Dead
I’m glad I decided to write this now and not when I intended to a few weeks ago, as this particular post addresses Mr. Josh Brown’s debate of whether or not Prop Trading is officially dead – it turns out that, on occasion, procrastination and an overall busy schedule is helpful. I remember speaking with @dynamichedge regarding this particular topic … Read More
Spencer Trade Review – $AMZN $FB
Steve Spencer reviews trading opportunities in AMZN and FB from July 27th 2012. Steve Spencer * No Relevant Positions
How to Become One With Your Trading System
We’ve all heard the sad excuses after a bad run. The lame rationalizations. “I know it was through my stop, but I thought that it would come back”. “Yes, I saw the signal, but I just didn’t believe it” “I don’t know, I just froze” When someone is struggling, one way to lessen the pain is to rationalize it … Read More
The Opportunity for a Prop Trader
@DynamicHedge wrote a must-read piece recently that went viral, “Letters to a Young Trader”, in which along with buckets of awesome advice he also asserted prop trading shops are dying. This is true. But this is not the same as prop trading is dead and/or ALL prop shops are dying. That would not be correct. The author never stated this but … Read More