Hi Steve, I just have a couple of question regarding trend trading: 1) When you see a stock that’s trending but has already much more than its average range (i use ATR), do you skip/pass on it or would you still be buying into pullbacks? Do you ever find yourself thinking, “Ok this stock is just way overextended from its … Read More
The Thoughts of a Professional Trader (OVTI)
Here are my thoughts trading OVTI on the Open 7/6/2001. 1. Opening Drive Play. OVTI gaps down with fresh news. During our SMB AM Meeting Steve mentioned OVTI starting to move that he found from the SMB Scanner. This is a very cool new tool which we built for our desk that shows the stocks we want to consider before the … Read More
Options Tribe 2011-07-12: High Probability Income Positions
Options Tribe – July 12, 2011 Tuesday July 12, 2011 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 … Read More
Trading Thought of the Day – July 7, 2011
Consistent preparation always precedes catching that great trade. – Mike Bellafiore
SMB Morning Rundown – July 7, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trading Thought of the Day – July 6, 2011
It is much harder to make 100k a year trading than find a job that will pay you as much. – Pradeep Bonde from The StockTwits Edge
Options Tribe 2011-07-05 Volatility Presentation
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 week, Vince Cicco of Livevol made a … Read More
Making My Life Easier as a Trader
I have been trading for over 15 years. There are very few things I can recall from a technology perspective that have both made trading easier for me and increased my ability to generate P&L on a daily basis. About two years ago one of our traders approached me with real time “lists” that he was generating using TradeStation. Many … Read More