I’m the guy you pitch as to why you should be hired for your “dream job” as a trader. This whole trader recruiting thing is inverted. You should not be pitching me. My desk should be pitching you. But you need to do some work before this can happen. Like start developing a track record now! During a recent interview … Read More
Using Prior Days’ Price Action–NFLX
Prior to the Open of Friday’s shortened trading session there was not much in the way of fresh news catalysts. So my first trading choices were second and third day plays. For those of you who are new to the SMB Blog you can use the “search” feature on the blog to review posts explaining how and why we trade … Read More
December 55 day $RUT bearish butterfly options trade: The finale
On Wednesday, the market gapped down and continued it’s downward trek of the previous 5 trading days. According to the guidelines of the bearish butterfly strategy, the reduced profit target of $1000 comes into effect 21 days to expiration on this lot size. As 21 days to expiration was yesterday, and the position was up $1800, I previously stated that … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, November 29, 2011 at 5pm EST: Options Trading and Trader Psychology
Tuesday November 29, 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 outstanding veteran options traders and experts in the world of … Read More
Traders Ask: Is it Better to Trade Stocks in Play or a Basket?
Question: Greetings From The Great White North Bella, Just re-read One Good Trade again (it just keeps getting better) and I found myself asking the same question. Are we better to trade Stocks in Play that may be news to us but have momentum and/or should we be playing a basket of names which we have become familiar with. By … Read More
How you brand the best set ups in your trading mind
When I see mentees working hard and showing promise I ask them to send me a daily recap. Below is an excerpt from one such review: Overall I had an alright day, it could have been a lot better. I traded a few stocks very well and a few stocks a should not have been in at all, I was … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Irons Condors using ZB Index options
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 outstanding veteran options traders and experts in the world of options trading. This … Read More
A lesson from the Trader Expo
Back from the Vegas Trader Expo, which was a lot of fun. I presented at 8AM Friday. I started my presentation with, “I am very disappointed to see a packed house. It is 8AM. This is Vegas. I hope you are all just rolling in from last night :)” That is tough start time for Vegas. Heck it was a … Read More