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Less Is More–Usually
Less is more—most of the time. In my early days, I started out with almost twenty different indicators in a single system—and why not; the computer was going to do all the work. I figured that if I...
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Collaborative learning and your trading
I received this email last night about using collaboration as a way to improve learning. this is Sam H, from a while back. Anyway, let Mike know that UMBC (University of Maryland, Baltimore County) is...
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Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Earnings Plays...
Today at 5:00 pm Eastern Daylight 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...
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December 55 day $RUT bearish butterfly options trade update
The market has settled quite nicely into the range of our position. Currently the trade is up $775 and looking good. The position is shown below: If $RUT actually settles down for a change we just...
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A path to profitability
“If I increase my stop then I will start making money.” This just might be the single silliest thing I have ever heard a trader say. No “trading is in my genes” is. I will offer a path to...
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Yesterday’s Options Tribe Meeting: Earnings Plays combining Monthly and...
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...
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Start slow? start fast?
Last night I had drinks and apps with two experienced traders. After some catching up we got into a discussion/argument about the best way to start your trading career. It has been written here that no...
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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,...
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Free Options Webinar: SMB’s Options Tribe: Tuesday, November 22, 2011 at 5pm...
Tuesday November 22, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members...
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Student Training Program Webinar
Tomorrow, Friday November 18th, 2011 at 5:45PM EST, we will be hosting a webinar aimed at students looking to get a head start on their trading careers. We offer a unique opportunity for students to...
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Great Expectations
The next step in building our casino so that we have the house odds in our favor is to look at the edge, or in system trading terms, expectancy. Let’s take a look at the house edge in a few casino...
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A lesson from the Trader Expo
Back from the Vegas Trader Expo, which was a lot of fun. I presented at 8AM Friday. I started my presentation with, “I am very disappointed to see a packed house. It is 8AM. This is Vegas. I hope...
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Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Irons Condors...
Today at 5:00 pm Eastern Daylight 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...
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How you brand the best set ups in your trading mind
When I see mentees working hard and showing promise I ask them to send me a daily recap. Below is an excerpt from one such review: Overall I had an alright day, it could have been a lot better. I...
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Traders Ask- Is it better to trade stocks in play or a basket?
Question: Greetings From The Great White North Bella, Just re-read One Good Trade again (it just keeps geting better) and I found myself asking the same question. Are we better to trade Stocks in Play...
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Yesterday’s Options Tribe Meeting: Irons Condors using ZB Index options
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...
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Free Options Webinar: SMB’s Options Tribe: Tuesday, November 29, 2011 at 5pm...
Tuesday November 29, 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...
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December 55 day $RUT bearish butterfly options trade: The finale
On Wednesday, the market gapped down and continued it’s downward trek of the previous 5 trading days. According to the guidelines of the bearish butterfly strategy, the reduced profit target...
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Using Prior Days’ Price Action–NFLX
Prior to the Open of Friday’s shortened trading session there was not much in the way of fresh news catalysts. So my first trading choices were second and third day plays. For those of you who are new...
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So you say you want to be a pro trader
I am the guy you pitch as to why you should be hired for your “dream job” as a trader. This whole trader recruiting thing is inverted. You should not be pitching me. My desk should be pitching you. But...
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