SMBU’s Options Tribe Webinar: Frank Fahey, Optionvue Systems, International: The anatomy of a broken wing butterfly

November 19th, 2014 Today, Frank Fahey returns to the Options Tribe to break down the  broken wing butterfly and  examine its  margin, skew and directional  considerations. SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders and experts in the world of options trading share live presentations. Options Tribe meetings are generally free to the public and are held every Tuesday at 5:00PM ET. If you wish to register to this meeting, please Read more [...]

Trader’s Ask: Should I Use a Time Stop in Alibaba?

November 24th, 2014 Hey Bella sorry to bother you again intraday.  I'm very close to having having gotten ride of my over trading tenancies/urges and will start pulling the trigger on better trades2hold in the coming days/weeks. BABA though, it formed a support at 112.10 - 12.15ish. When you get long.  Two questions. 1.) If you got long at 112.12 do you hold BABA regardless of elapsed time (and only exit of it breaches a price level) or do you give it an allotted time limited before you exit? (assuming BABA just sits at 112.20 area and doesn't move) 2.) If the price starts to compress and hold lower and tighter towards 112.10 do you exit Read more [...]

SMB Trading Lessons of the Week

November 23rd, 2014 Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. In this video Bruce Bower discusses decision making from his visualization series. Latest Blog Posts Hopeville: Where Traders Go To Die There are times when I am required to give a mentoring student some tough love, because it’s important for me to convey, immediately, to a trainee when I spot a trading quality that is so destructive that he has virtually no chance of surviving as a trader unless he rids himself of that trait...Read More Avoiding Losers (And Winners) We have all heard it said ... let your winners Read more [...]

Don’t Lose the Trade Before You Enter It

November 23rd, 2014 Trading is similar to playing sports at an elite level, they‘re both mentally demanding. In fact it is quite common in sports for a highly gifted athlete with a compromised mindset to lose miserably against a much less talented competitor utilizing the proper mindset. Trading is the same way. You can know everything about charting, indicators and options. You can have the perfect plan. The market might even go your way, but if your mental game is poor then you don’t stand a chance at making it long term as a successful trader. Let’s take look at a common mental error that lead traders to poor performance, lost trades Read more [...]

Lesson 2: Trading Is Peak Performance

November 23rd, 2014 Lesson 2: Trading Is A Peak Performance Activity Continuing the series Seven Lessons I’ve Learned, I wanted to talk about the right lens or framework for understanding trading. Is it “combat”, is it a “sport”, or is it “a treasure hunt”? All of these are valid metaphors for describing some aspect, but I don’t feel that it captures the essence of the activity. Instead, peak performance is the lens that I use. To me, peak performance means performing well under pressure, as is the case in many fields like sports, medicine or other stressful professions. In our case, we are making risk/reward decisions about what Read more [...]

The Great Automated Failed Discretionary Trader (video)

November 21st, 2014 The other week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 7 of the video series reconstructing my presentation. In this video Mike discusses: 1) An anecdote about a great automated trader formerly a failed discretionary trader 2) Adding automated trading to your PnL 3) Automated trading can help your discretionary trading You can sign up for our free daily trading video here! Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, Read more [...]

Hopeville: Where traders go to die

November 19th, 2014 There are times when I am required to give a mentoring student some tough love, because it’s important for me to convey, immediately, to a trainee when I spot a trading quality that is so destructive that he has virtually no chance of surviving as a trader unless he rids himself of that trait. I have a mentoring student named Robert who is a very good guy and deeply committed to improving himself as a trader. Robert is an interesting guy in a lot of ways. He is a psychotherapist from Wisconsin (and a die-hard Packers fan—something he reminds me of when he knows it will be particularly painful for me—like this past Read more [...]

Options Trading for Income with John Locke for November 17, 2014

November 18th, 2014

No relevant positions

Risk disclaimer

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Options Risk Disclaimer    Forex Risk Disclaimer

1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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