May and June Bearish Butterfly Strategies – 06.19.12 from SMB on Vimeo. 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 … Read More
Trade Execution
Hey Mike, I had a quick question with regard to order execution style and what orders you use. I know that on our keyboard, we have presets for ARCABidTier and ARCAOfferTier that are limit orders and the custom SWEEP keys that are market orders that process 3c through the bid or the offer. Although I’m working on my keyboarding skills … Read More
Traders Ask: What is a Competitive Trader?
Question: I hear a lot about the value of a competitiveness in trading success. Analogies are made with the striving for peak performance seen in athletes and entrepreneurs. One thing about this puzzles me, and I’d appreciate the thoughts of others with more experience and success. When I trade I am trying to get better: to make good trades and, inhibit … Read More
Gameplan review – June 18th, 2012
Steve reviews how these pre-market ideas played out today. DSW, BKS, UNG, FB, NFLX, NAV Game Plan Review June 18th Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His email is [email protected]. No relevant positions
I felt a rip coming
I caught a scalp for the first downmove in DSW. I caught the upmove from above 52.12 to near 53. And I caught the downmove from below 52.50 to 51.65. I looked at my PnL and I was barely positive. How is that possible? I was not trading DSW on the open with size as it was so early and … Read More
One day on the street with a professional trader
In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: … Read More
The Pro’s Process – Mike Bellafiore
Richard Chignell from Embrace the Trade on the fourth of his series of posts has been asking Pro Traders about their psychological processes. From Mr. Chignell: The fourth in my series of posts asking Pro Traders about their psychological processes. Delving a little into how it feels to them when trading. The good and the bad. How this has changed … Read More