{"id":14695,"date":"2011-09-30T12:27:04","date_gmt":"2011-09-30T16:27:04","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=14695"},"modified":"2023-04-17T15:37:53","modified_gmt":"2023-04-17T19:37:53","slug":"how-great-ideas-can-emerge-from-trading-communities","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-great-ideas-can-emerge-from-trading-communities","title":{"rendered":"How Great Ideas Can Emerge From Trading Communities"},"content":{"rendered":"

I was on the phone over\u00a0 the last couple of days with two of our\u00a0 active\u00a0 Options Tribe\u00a0 members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the\u00a0 $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on\u00a0 tribe\u00a0 meetings over the last few months.<\/p>\n

Charlie presented his weekly short call vertical spread strategy earlier in August and Nagaraj watched with great interest wondering, whether his monthly RUT butterfly strategy might not be just as effective\u00a0 utilizing weekly options.<\/p>\n

In turn,\u00a0 later in August, Nagaraj presented his monthly butterfly strategy on the $RUT. Charlie was actively chatting in the webinar\u00a0 attendee chat that day, and you could see him\u00a0 thinking out loud about the application of his weekly options\u00a0 concepts to Nagaraj’s tightly controlled monthly butterfly trade.\u00a0 He commented in the chat that Nagaraj’s use of a\u00a0 debit spread to control\u00a0 risk so early in\u00a0 the trade was “brilliant”.<\/p>\n

Later that day I chatted with Charlie and he excitedly told me that he had already spent time that day testing Nagaraj’s approach on weekly RUT butterflies and that it looked very promising. He was planning to spend more time honing and refining his approach to butterflies using weeklies.<\/p>\n

Meanwhile,\u00a0 Nagaraj was working in parallel with Charlie,\u00a0 having taken an interest in applying his monthly butterfly trade to SPX weekly options.<\/p>\n

One afternoon, chatting with Nagaraj, I suggested that he and Charlie should be talking to each other–that they have so much to\u00a0 offer by sharing their expertise\u00a0 I suggested that \u00a0 they could develop a superior weekly butterfly trade together,\u00a0 rather than separately\u00a0 in a vacuum.<\/p>\n

Sure enough, Nagaraj and Charlie are now in a dialogue on this issue and there is an excellent information exchange going on between the two of them to develop a superior weekly butterfly trade.<\/p>\n

This kind of exchange is exactly what I was hoping for when we founded the Options Tribe in May.\u00a0 Great traders sharing ideas and the entire community gets the benefit.\u00a0 I’m hoping that one of these days–and yes I”m putting both of them on the spot right here on the SMB blog–Charlie and Nagaraj will come on to a tribe meeting together and present their findings…..<\/p>\n

Seth Freudberg<\/p>\n

Director, SMB Options Training Program<\/p>\n

The SMB Options Training Program<\/a> is a program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: sfreudberg@smbcap.com<\/a>.<\/em><\/p>\n

Risk Disclaimer<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

I was on the phone over\u00a0 the last couple of days with two of our\u00a0 active\u00a0 Options Tribe\u00a0 members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the\u00a0 $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on\u00a0 tribe\u00a0 meetings over the … Read More<\/a><\/p>\n","protected":false},"author":741,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1402,1584],"tags":[4688,1598,1259,1801,1595],"class_list":["post-14695","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-options-education","category-seth-freudbergs-blogs","tag-options-education","tag-options-strategies","tag-options-trading","tag-options-tribe","tag-smb-options-training-program","no-post-thumbnail"],"yoast_head":"\nHow Great Ideas Can Emerge From Trading Communities | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-great-ideas-can-emerge-from-trading-communities\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Great Ideas Can Emerge From Trading Communities | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I was on the phone over\u00a0 the last couple of days with two of our\u00a0 active\u00a0 Options Tribe\u00a0 members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the\u00a0 $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. 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