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. On August 9th, Paul Kaestle demonstrated his … Read More
Stocks don’t just move, they are moved
“Stocks don’t just move, they are moved” — Jeff Cooper You notice in the prints a held bid and it’s not dropping, so you decide to get in front and get long. There you arenicely positioned in front of the held bid just waiting for the move up. You’re reading the tape and you spotted this held bid but it’s … Read More
Traders Ask: I am an undertrading undertrader
Hello SMB, Thank you for what you do for the trading community. I appreciate the blog as well as Bella’s book. A problem that I have is undertrading or failure to pull the trigger. It doesn’t happen all of the time but it happens too often. An example: Yesterday (9/21/11) SINA had a refreshing seller at 97 between from about … Read More
Another Spencer Special – SMB Radar Play of the Day
We had a Spencer Special again today using the Radar (these happen a lot). As we have said in the past, at 10:30am we look for stocks that are trending. We use the Radar to scan for In Play stocks that are consolidating near important levels. This allows for proper risk management (stops that make sense). Today we noticed $BEN … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, September 27, 2011 at 5pm EDT: Butterflies and Long Stock Positions
Tuesday September 27, 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
Don’t let C-B trades cloud your judgments in A trades (PCX)
This is a guest post from one of our traders, SW, about his trading day from Tuesday: A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing an “A trade”. At SMB, we are taught to grade our trading setups A, B, and C, for purposes … Read More
The Pre-market Tell
I am really starting to sound a lot like Bella these days. When he lectures our trainees he tends to repeat himself over and over and over again. My style tends to be more like “this is the concept–good luck” (maybe not that bad:) I didn’t fill out a lot of “blue books” in college and law school. I like … Read More
Opportunity, Opportunity, Opportunity
As a day trader this is what you live and train for…opportunity! Be alert, be keen, and be prepared to exploit the opportunities. Today’s action provided trades and set-ups galore to set your sights on and use your arsenal. You had “In Play” stocks like ANR and HPQ offering both tape reading and level trades. There were relative strength plays … Read More