“Most people have no idea of the giant capacity we can immediately command when we focus all of our resources on mastering a single area of our lives.” — Tony Robbins The single biggest mistake I see new traders make is believing in the principle of more is better. The more news the better; the more time frames the better; … Read More
December’s $RUT Bearish Butterfly Trade
One of my favorite options spread trades is the Bearish Butterfly. I developed this trade a number of years ago in recognition of the fact that no matter how much the market may rally, it will eventually experience pullbacks. So an options spread trade, developed to take advantage of these periodic pullbacks should work in most market scenarios. In the … Read More
Where is my arc?
Guest Post from SMB Blog Reader Yaniv Hamo One of my favorite thinking exercises is about what it means to be living as opposed to merely exist. The essence of what separates the living from the grey masses. Working 9‐5, family and kids, watching TV and going on trips – does not make the cut. That’s what the masses are doing. … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, November 1, 2011 at 5pm EDT: Jim Bittman on Credit Spreads
Tuesday November 1, 2011 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 … Read More
How to Think About a Loss
We all lose here and there. It’s just part of trading. You can’t avoid it, but that isn’t the issue. Where many traders struggle is how to handle a loss gracefully. Instead if equating a trading loss with personal failure, shift your mentality for what a loss means. Does it mean you’re stupid? Not necessarily. Does it mean you were … Read More
Questioning the 50-day & 200-day MA’s
My recent post on Indicatoritis discussed how some traders rely on indicators incorrectly. I believe that still holds true, but I was questioned about some common moving averages on the heels of that post. So in this video, I want to discuss moving averages, and more specifically, two moving averages which are commonly accepted by traders as important: the 50-day … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Earnings Plays
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
Sometimes It Pays To Be Boring
What if I told you it was possible to be up over 30% year to date trading just QQQ about once every other day. Sound boring? And the only thing you had to do was to turn on your computer—well, not the only thing—and that you would have to have a thoroughly tested trading system first. And if you did, … Read More