Welcome to my first post on the SMB Blog. My first encounter with the team was reading Mike Bellafiore’s One Good Trade—and thinking that it was one of the best books ever written on trading. Most people who write about trading are trying to tell you what they do and how to become more like them. What makes SMB’s work … Read More
Bias Flexibility
One of the stocks highlighted during today’s Stocks In Play call was GILD. It had gapped lower on Friday to 43 but then trended higher to Open around 46. It spent the rest of the day trading between 46 and 47.20. There was quite a bit of accumulation around 46.50 and it never traded below the key 46 support. Based … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Credit Spreads using Linear Regression Analysis Part II
Today at 5:00 pm Eastern Standard 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. This week, … Read More
The Big Picture Trend-Video Archive
The theme for Steve Spencer’s 2012 Webinar Series will be “Do The Right Thing”. On the first Webinar of the year, Steve discussed several recent trading setups and how following a higher time frame trend can make you more money and cause you less heartache. As short term traders it is easy to flip back and forth betwen 1, 5 … Read More
Some Help for the Impatient Trader
Greetings from Singapore. Today is my last day here in the new gateway to Asia. I have a day packed full of some more learning meetings and then take a 2:30 AM flight to Johannesburg, South Africa. I arrive in JNB, will shower and then head to meet some top South African traders. I have been tasked to talk about improving … Read More
I feel like I will never make money again
I don’t know what’s wrong with me the last three days but I am not trading up to par. It’s much more eye opening when the market is actually decent and others around me are making money. I’m disappointed (to say the least) by today but I didn’t do anything fundamentally wrong at first. I even made money initially. I … Read More
Am I Trading Well?
One of the ways I evaluate my trading is by checking to see if I got back in a stock after being stopped out. As a pro trader I think risk first and profit second. Many times I will be stopped out of a position that trades through my stop price only to see it later reach my ultimate profit … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, February 21, 2012 at 5pm EST: Credit Spreads using Linear Regression Analysis Part II
Tuesday February 21, 2011 at 5:00 pm Eastern Standard 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 … Read More