What Is The Best Preparation To Be A Trader?

You want to be a trader. Maybe you’re just starting out in the working world or maybe you’re considering a career shift. Nonetheless, you know one thing will all of your being—you want to make it as a trader. There could be a host of potential reasons, all of which make sense. You want to swing around huge positions and … Read More

Yesterday’s Option tribe:May and June Bearish Butterfly Strategies.

May and June Bearish Butterfly Strategies – 06.19.12 from SMB on Vimeo. 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 veteran options traders and experts in the world … Read More

Gameplan review – June 18th, 2012

Steve reviews how these pre-market ideas played out today. DSW, BKS, UNG, FB, NFLX, NAV Game Plan Review June 18th Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His email is [email protected] No relevant positions Try all our trading tools for 2 months *SMB Radar not included

One day on the street with a professional trader

In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: … Read More

New AAPL weekly ‘fly and SPXPM update

This post is another in a series tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. The hypothetical butterfly on the SPXPM is progressing nicely. You’ll recall that this was instituted as a “longer-term” trade compared to the weekly broken wing butterflies that I had been tracking on AAPL and SPX. So for now … Read More

A sad anecdote of a failed trader

I received this email from a trader this week: Hey Mike, We talked awhile ago, about how your book “One Good Trade” has helped me and my 5 friends on the trading desk at our prop trading firm($$$$ Capital).  I have been trading for about 12 months total and about 6 months live.  I have found that your website blogs … Read More