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Unexpected Best Trade
A few days ago, I was trading crude oil. It wasn’t just any old day; I had high expectations for above average moves. I had conviction in a main idea for the day. Crude had broken down below a really...
View ArticleAccidentally Making a lot of Money is Poor Trading
Many options traders believe that a good trade is defined by whether the trade won or lost money. That is not the thinking of a professional trader. The professional trader focuses on process, not...
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SMBU’s Options Tribe Webinar: Options Tribe Member Craig Taggart: Selecting...
May 8, 2018 This week, Options Tribe member Craig Taggart returns to the Options Tribe to discuss his selection process for long strangle and straddle trades in equity options. Options Tribe meetings...
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The gift of learning during a trading session
In Dr. Steenbarger’s terrific post he reminds us that each trading session is a gift to learn. He wrote, “Every day of trading provides a day’s worth of review and learning.” I shared a lesson I...
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Does trading Stocks In Play create automatic edge?
I received this question from a reader in the trading community….. I hope this is not a dumb question…would you agree that a stock in play creates edge and hence puts probabilities in our favor just...
View ArticleIs it safe to trade while you’re driving?
One of the big advantages of market neutral options trading is the scheduling flexibility that it affords the serious trader. However, along with this flexibility comes an obligation to have a bullet...
View ArticleBuilding Your Trading Mindset
Dr. Steenbarger presents during our most recent webinar to a trading firm in Spain. Dr. Steenbarger and Mike Bellafiore presented on how to be more consistent with your trading and the stages of a...
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SMBU’s Options Tribe Webinar: Options Columnist Steven Sears: Why The Crash...
May 15, 2018 This week, Steven Sears of Stratifi Technologies, formerly the weekly options columnist for Barron’s, will be sharing his thoughts on the February, 2018 market crass as well as taking...
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A focus outside of your learning stage as a trader can be harmful
This week @Steenbab and I presented a webinar for an educational trading firm in Spain. Consistency and the Stages of Learning were our topics, with Dr. Steenbarger focusing on mindset. One slide I...
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SMB Futures TOTD – 5/14/18
Yes, the Trade Of The Day, the TOTD – (pronounced “toddy”) We’re going to be bringing you fresh TOTD’s each day that highlight a real trade taken by one of the traders from the new SMB Futures desk. So...
View ArticleFast, Furious, and Trading
A year ago, would you have guessed that The Fast and the Furious movie franchise was going to be back so soon… or even at all? Regardless how you feel about the franchise (or if you are even aware that...
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Why trade the market instead of Stocks In Play when volitility spikes?
Hi! I’ve just finished listening to the podcast with Aaron Fifield. It was interesting but one thing wasn’t clear to me. Why did you suggest traders to trade the whole market as volatility picked up...
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SMB Futures TOTD – 5/15/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. Today is an interesting one, and it embodies something we hold dear to our hearts. That is, “Not all wins...
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The formula for how to become a 7-figure trader (Chat with Traders Podcast)
Here is a link to my recent Chat with Traders podcast with Aaron Fifield. Aaron gives our follow up chat together the title: The formula for how to become a 7-figure trader. @Maoxian does a solid job...
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SMB Futures TOTD – 5/16/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. Today we have a trade that achieved 6 to 1 R/R – This is something that is doable on a pretty consistent...
View ArticlePowerful way to learn from losing trades
Most market neutral options traders have difficulty adhering to their trading protocols because they tend to react emotionally in the heat of the battle. Awareness of what the outcome of a trade SHOULD...
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SMBU’s Options Tribe Webinar: SMB Options Desk Trader Andrew Falde:...
May 22, 2018 This week, Options Desk Trader Andrew Falde returns to the Options Tribe to discuss how the Netzero options strategy concepts can be applied beyond index options. Andrew focuses on the...
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SMB Futures TOTD – 5/17/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. This trade combines a classic “spring” pattern, with the use of vwap, and time of day factors. Key...
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FOMO- My thoughts from Dr. Steenbarger’s series
Dr. Steenbarger wrote an excellent series on FOMO (Fear of Missing Out) with solutions to help traders with this issue. In one post, he mentioned our work together coaching and mentoring traders at...
View ArticlePerception and Trading
Laurel or Yanny? There are a few viral videos going around in which different people perceive different words despite listening to the same audio clip. This one is particularly impressive to me: You...
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