Bella, How do you distinguish between patience and complacency? Patience is what I call it when I’m riding a trend. Complacency is what I call it when price initially goes my way, but then retraces and eventually stops me out. This happens to me most in two cases. In these cases I feel as though more aggressively taking profits would … Read More
Introducing a new blogger: Greg Loehr
SMB is proud to announce the addition of an experienced options trader and educator to our blog, Greg Loehr, of Optionsbuzz.com. Greg has served both as a market maker on the floor of the CBOE as well as a proprietary trader for various firms prior to his founding Optionsbuzz.com. Greg has also been a repeat guest on SMB’s Options … Read More
Playing the Quarterly’s on the SPX
This post is the first in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. With the end of the quarter fast approaching there are two thoughts in my mind: quarterly window-dressing and a potential slowdown in China. For the next week, … Read More
The April Bearish Butterfly Trade
This post is the first in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the April, 2012 expiration of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB’s Bearish Butterfly Video Series. On Friday, February 24, we initiated the April bearish butterfly trade … Read More
How to identify a swing trade
When trading, we identify different levels from different time frames. When the market makes new lows or highs, we can go back in time and make decisions based on the swing price market. In this trade taken in the USD/CAD, the price market made new lows but just enough to be in areas in possible rebounds based on bigger time … Read More
A Quick Conversation
One of our newest trainees (5 days live) had been trying to get a hold of me for a few days to answer some trading questions. I had been especially busy lately but finally was able to squeeze in a quick conversation with him before heading to the airport to visit some trading friends in Texas. His first comment/question related … Read More
Why buying a stock at a higher price can be better
I received this review from a really solid young trader. There are two important trading lessons in his thoughts. Can you spot them? Biggest regret today: not using the information I collected on ITMN as a short. I was watching above 17, I had a long bias, but I chose not to buy it because of what I saw. The … Read More
AM idea – March 16th 2012
Disclosure:Short $PWRD, $P Long: $FSLR, $JCP