Tuesday December 13, 2011 at 5:00 pm Eastern Standard 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
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EST: Weekly credit spreads using a trading system
Today at 5:00 pm Eastern Standard 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 options trading. This … Read More
Trading Passion: Embracing Failure and Discovering Your True Path
Morning Bella, I’ll try to keep this brief because I know you’re extremely busy. I just finished reading “Talent is Overrated” by Geoff Colvin along with “Mindest” by Carol Dewck and was interested to know what drives you and Steve to be successful traders and teachers? And where does your trading passion come from? Where did it start? Colvin talks about … Read More
A Few Spins Of The Wheel
Last week we talked about the casino’s edge which in the trading world is called expectancy, but all that expectancy tells us is whether or not our trading strategy is likely to be profitable or not—but not how much money we might make. How profitable depends on how often we have a chance to trade our system—will it be a … Read More
This New Trader is Improving
I should facetiously title this post “The glamorous life of a managing partner”. Yesterday Leo, who runs our active trader college program, and I drove eight hours back and forth to Bentley U, arrived back home at 1am, woke up at 5AM to scoot to the airport for a 6:50AM flight to Vegas. We had a blast at Bentley … Read More
In Play Snapshot at the Close
This is an end of day snap shot of the SMB Radar In Play list. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a pre-screened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates … Read More
How Framing Impacts Our Trading
How do you decide what stock to buy? How do you determine the best time to buy? And once we have made the decision to buy when do we sell? These questions, and how we answer them, are a direct result of how we frame the questions, thus directly impacting our trading performance. Framing determines the viewpoint from which we … Read More
Follow Up on Microchip
Earlier today, around 10:15am EST, we posted a snap shot of the Strong and Weak Today lists on the SMB Radar. These are just 2 of 10 outputs that the algo gives us, but are extremely powerful for intraday swings. We saw MCHP on the top of the Weak Today list. It was also holding below 34.00 support, with room … Read More