Over the years I have seen a very strong tendency with traders wanting to be short the market at the first signs of any strength after they have just observed major weakness. It feels like yesterday a former trader I worked with was shorting SPY at 76 one or two days after we had put in the March 09 bottom. … Read More
SMB Radar – Price Spike Readings
As we have mentioned in the past, Price Spike readings below 7.00 are usually not anything to be very excited about. Above 7.00 catches our interest (also the level an audio alert kicks in on the SMB Radar). Readings below 7.00 could always develop into more – but are not yet ready to play momentum. This screen shot was taken … Read More
Understanding The Volatility
We are about two months in since the market broke its longer term uptrend. With the break of that uptrend has come a sizable increase in the market’s volatility. There are trading opportunities up the wazoo. But one thing we have noticed about this volatility versus what we saw in the fall of 2008 is the time stocks spend trending … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Debit 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
Do You Learn as Much as This Trader Did Last Week?
The author below is quickly becoming one of my new mentees to watch. As a student of elite performance there is so much right about this email. The work. The concentration on improvement. The self-reflection. The detail to his learning. The depth of it. New and developing trades too often seek to copy the trades of that big trader. It … Read More
SMB Radar Update – Today’s Range
Here is a quick snap-shot of the top stocks on the Today’s Range list on the SMB Radar. This is just one of 10 categories that the algo captures. @tarhini_smb
Following the market’s trend
It is easier to said than done. Once you have found trading models based on psychological pricing, you can identify the markets’ turn at every corner. At certain price levels of the market, the price makes a decision to eliminate the public with a stop out and therefore leads professional traders to identify its accurate way. In order to anticipate … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, October 11, 2011 at 5pm EDT: Debit Spreads
Tuesday October 11, 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