Blog

SMBU’s Options Tribe Webinar: James Hogan of Optionvue Systems, International: Finding the Best Options Trades to Fit Your Directional or Non-Directional Bias

December 19th, 2017
This week, James Hogan of Optionvue Systems, International will be discussing how to use Optionvue software to identify trading opportunities consistent with a trader’s directional or non-directional bias.

Options Tribe meetings are generally free to the public and are held every Tuesday at 4:30PM ET. If you wish to register to this meeting, please click here.

Technical Analysis Benefiting Market Neutral Options Traders

What if you could adjust your market neutral trades before they are under pressure?
This is exactly what many of the pro options traders on our desk are doing.

This trader is “killing it” as a scalper

One scalper on our desk proudly wrote to Dr. Steenbarger and me about his progress recently:
Had 3 personal best this week:
1) Best day: 167K net
2) Best month: 601K net
3) Best year: 1.5M net
Cheers!
$601,000 in net profits is a sensational trading month!

Why this trader is “crushing it”

It is important to study the traders who are succeeding and learn from them.
In his Daily Report Card, that this top trader shares with Dr. Steenbarger and myself, you can see he is “crushing it”:

entry quality 9/10
+ 75k

SMBU’s Options Tribe Webinar: Options Tribe Trading Contest Leaders Share Their Strategies and Trading Philosophies

December 5th, 2017
This week, four members of the Options Tribe will be sharing the strategies and philosophies that have helped them to rise to the top of the 2017 Options Tribe trading contest.

Options Tribe meetings are generally free to the public and are held every Tuesday at 4:30PM ET. If you wish to register to this meeting, please click here.

Should I quit as a trader?

It is not uncommon for developing traders to stare at this decision: should I quit?  This is true for even traders who go on to become successful, even 7-figure traders.
I share this because I know that there are readers facing this question.  And many wonder whether they can make it, if they start poorly.  You can.
Let me share a recent anecdote from our trading desk.

Are there less opportunities in this market into the close for traders?

A reader asked:
Hello Mike.
I have been involved in trading for a number of years and follow your youtube channel with interest.

Improving your trading results on the open

 

One developing firm trader struggled trading the open.  He sought a one-on-one to discuss improvement trading the open with me.  He sought counsel from Dr. Steenbarger as well.
I made some suggestions and it was up to this trader to execute on solutions to improve.
He did.  Boy did he!
After implementing solutions for this challenge of trading the open trader wrote:

SMBU’s Options Tribe Webinar: Options Tribe Member Luis Guerra: What drives the P and L of the M3 Strategy?

November 21st, 2017
This week, Options Tribe member Luis Guerra returns to the Options Tribe to discuss his analysis of the M3 trade, focusing on its financial and profit drivers.

Options Tribe meetings are generally free to the public and are held every Tuesday at 4:30PM ET. If you wish to register to this meeting, please click here.

SNAP Cracked

SNAP was our #1 In Play stock last Wednesday. Tuesday, after the market closed they reported earnings below expectations and gave weak guidance. The stock was battered dropping from 15 to 12 in after hours trading. But then at 6AM Wednesday it was reported that a Chinese internet company had purchased a large stake. So what initially appeared as a relatively straight forward short setup had thrown traders a curveball. SNAP popped from 12 to 16 between 6-6:30AM. By the time I started watching it in the pre-market it had settled down below 14.