Tuesday September 13, 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
I guess I am your tour guide
My wife and I spent a week in Italy and something came up that so relates to what I do. We hired a tour guide. Well my wife hired a tour guide as a surprise for my birthday (I know 41 never looked so good). She did for The Vatican, St. Peter’s, The Colosseum, The Pantheon, and center Rome. Steve … Read More
Your head trader as a trading god (a better system)
Ever sat on the desk with a head trader insistent he was right about the direction of a stock/market? I have seen firms get crushed because their head trader was fading a weak market and insisting the market should trade higher. I have been guilty of over-confidently insisting on the direction of a stock/market. GMan has been as well. Certainly … Read More
Trading Crack..…A Lesson in Fading Momentum
Friday an alert goes off, it’s SNDK making a momentum run in the morning. Wow an awesome move that we completely missed off the open. The SPY is down over a buck and SNDK has buyers squeezing it higher. The alert was set for $40 bucks a nice big round whole number. The reason the alert is set is because … Read More
The Conspiracy That Wasn’t
One of my biggest pet peeves as a trader is listening to the all the chatter after a company releases earnings about how “this person knew” or “that person knew” what the numbers were going to before they were ever reported. And these statements are then occasionally justified by looking at the price action before the earnings release. If the … Read More
SMB Radar Update for September 8, 2011
Here is a snap shot of the Up and Down Trend Columns in the SMB Radar as of 2:20pm EST. The job of these scanners is what you would expect, they find stocks that are trending intraday. This takes care of a lot of the work we have to do as traders. From here you want to be sure the … Read More
Free Options Webinar: SMB’s Options Tribe September 13, 2011 at 5pm EDT: $NDX Calender Spreads
Tuesday September 13, 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
Checking back in with VRSN
In yesterday’s post I discussed a few core principles we teach at SMB and used VRSN as an illustration. This morning it was lighting up the SMB Radar again in multiple categories. In case you didn’t have alerts set on your trading platform at the prior day’s key levels the Radar almost forced you to pay attention again. If a … Read More