(This post was written on November 2nd) I spent a good amount of time during Tuesday’s AM Meeting discussing how when fear comes back into the market you need to adjust your trading style very quickly. I was particularly demonstrative on this point as my experience has shown me over the years that traders, especially less experienced traders, are very … Read More
Why I Was Long NFLX
The other day I tweeted that I was long NFLX and short SPY and that it felt kind of “weird”. I wrote “weird” because the easy money trading NFLX had been on the short side for over a month and at the time the SPY was in a multi-week uptrend. As an intraday trader I often will take trades that … Read More
Chasing Trades Isn’t Paying
Current conditions and the overall complexion of the market is always subject to change, but it’s still always worth taking note of. The market seems to be continually morphing into another phase, whether it’s range-bound, trending, highly volatile, or really tame. Right now, we’re in short-term pullback mode after seeing some upside continuation. The past couple of sessions have been … Read More
The Continuing Saga of December’s $RUT Bearish Butterfly Trade: Insights and Analysis
Last Thursday’s rally, probably a dim memory at the moment, was so strong that our trade methodology called for us to add a third butterfly and roll the original two butterflies up 60 points each such that the new position is comprised of three 50 point wide butterflies centered at 720,740 and 760. As of last Thursday, the position was … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Jim Bittman on Credit Spreads
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
SMB at Georgia Tech
Watch Mike Bellafiore, Author of One Good Trade, lecture at Georgia Tech about the skills needed to succeed as a trader in the future. The title of this presentation is called The New Franchise.
Index Video for the 1st Week of Nov
The indexes ran higher last week, bolstered by a European debt deal which had been anticipated for several weeks. Stocks rallied ahead of the news, and the announcement of the deal prompted additional buying rather than a sell-the-news response. As a result, new recovery highs were established across the board. As we head into a brand new week of trading, … Read More