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. A few weeks ago Steven Place of investingwithoptions.com … Read More
Where the Psychology Changed
There are so many indicators one can use for technical analysis. If you spend some time with experienced traders many will tell you they use very few indicators to none. Hmm. The new and developing trader would be surprised at how clean most charts look for many successful traders. Steve uses very few indicators. Adam is a huge proponent of … Read More
If It’s In Play You Will Get Another Chance
As the market opened I made a couple of trades in the SPY. Both shorts. Neither worked. Then I caught a quick up move in TGT from 31 to 31.40. The stocks I was watching weren’t really doing much. So I looked to the monitor on my left, the one that has my SMB Radar lists and quickly scanned for … Read More
Why the market didn’t roar this week
Wednesday after the Close we brought our traders into our training room and started talking about a game plan above SPY 134. A profitable trader is first a prepared trader. The market was consolidating close to this level. Above and the market might run. Towards the conclusion of our meeting I asked all of our traders to send to each … Read More
Trading Thought of the Day – July 8, 2011
A passionate trader is not excited about the opening bell on Monday but rather that Sunday night of preparation. – Mike Bellafiore
SMB Morning Rundown – July 8, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
My End OF The Day Review
Here is a screen shot of the stocks I scroll through at the end of the day in the SMB Radar to look for great second day setups. Each list links to my charts so I am able to very quickly view patterns in different time frames and formulate trading ideas for the following days.
Traders Ask–When do you consider an intraday trend overextended?
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