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Learn To Take A Loss
I was trading GMCR this morning. I consider it to be a Top 8 "momo" stock. It would probably be #2 behind NFLX if it hadn't done a dopey 3/1 stock split a couple of years ago. "Momo" stocks are stocks...
View ArticleRecording: Seth Freudberg: Heart Friendly Butterfly Review
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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Not So Fast
One of the more common patterns seen in a strong market are longer term players buying stocks that have gapped lower after earnings. Sometimes this plays out on Day 1 with momentum buyers aggressively...
View ArticleHow Are Those New Year’s Resolutions Going?
Maybe it’s the bubbles in champagne, or the sound of the cork popping, but New Year’s always brings out a rush of emotions. The end of one year naturally lends itself to reflection on the past. As the...
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What is a Counter-trend Trade?
The counter-trend trade has been the trade of the year thus far in the market. The trade is expressed via a long position in the SPY after a down move to recent support. The idea behind this trade is...
View ArticleSMB Trade of the Week: Failed Breakout (CMCSA)
For the intraday trader we look for opportunities where stocks are: 1) Clean 2) Trend 3) Wound up to move 4) Controllable, meaning you can control your risk 5) Scaleable, meaning you can add...
View ArticleThe PlayBook Webinar Series: The Technical Trade in High Beta Stocks
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, February 21st at 4:15PM EST for the free Webinar Series, The PlayBook. This week, Mike will be discussing how...
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Should Short Term Traders Consider News–Part III
On Friday I was chatting with a non-SMB prop trader that I trained several years ago. He was long DLTR when the WMT "news" broke around 2:00PM. From the chat messages you can see that we were in...
View ArticleFree Webinar Recording: Three Intraday Time Frames
In this free Webinar, originally broadcast on January 30th 2013, Steve Spencer discussed the different time frames that can be used when trading intraday, what kind of information you should be...
View ArticleFree Options Webinar: Greg Loehr: Trading Broken Wing Butterflies When the...
February 26th, 2013 at 5pm EST 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...
View ArticleDid The SEC Overreach in Freezing HNZ Account?
I read an interesting piece on the CNBC website by John Carney regarding the SEC freezing the assets of a Goldman trading account that made a very suspicious trade in HNZ options right before the...
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My Thought Process–$BHP
BHP was gapping lower and trading very actively in the pre-market. This message was to highlight it would be one of the best stocks to trade on the Open and my bias would be informed on which side of...
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The Market Sells Off. Now What?
I was off the desk today travelling and visiting with family, but checked in several times to see how our traders were doing. It was an exciting day in the market. It is the type of day you typically...
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One’s Over Reaction is Another’s Opportunity
Volatility has ticked up in recent weeks. It’s about time. The major U.S. equity indices and currency markets have presented some sizable intraday movements. Uncertainty is beginning to re enter the...
View ArticleFree Options Webinar – Alan Knuckman of Optionshop.com: Commodity Options for...
Tuesday March 5th, 2013 at 5pm EST 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...
View ArticleRecording: Greg Loehr: Trading Broken Wing Butterflies When the $VIX is in...
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the...
View ArticleTrade Review: PAY by Shark
In this video, Shark reviews a trade he made in PAY on February 22nd. He discusses the big picture, his thought process throughout the trade, and the trade management skills he brought to the trade....
View ArticleJared Levy on Fox Business: Should Investors Jump Into Stocks on Dow’s Record...
Jared Levy, host of SMB's upcoming comprehensive video series on directional vertical spreads and author of Visual Guide to Options (Bloomberg Financial), appeared on Fox Business yesterday to discuss...
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A Simple Tape Trade–$SPLS
I made this very simple tape trade on the Open today. SPLS was gapping lower on earnings. The sector has been decimated recently and my initial instinct was to look to short on the Open. As the market...
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A Trade Idea–$CLF
I look at the weekly and monthly charts in CLF and it looks like death! Maybe another 40% of downside. But as a lower time frame trader I see a long set up. I tweeted earlier today that CLF looked to...
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