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Don’t Trap Yourself into Trading Failure

Most traders fail at trading because they are unrealistic about the amount of time it will take to get good and the returns they will earn once they do. That creates a condition where the trader makes a series of mistakes that we cover in this video. We discuss how to avoid those mistakes and start your trading career with realistic expectations.

You cannot do this and be a successful trader

Last Friday as I was walking off our trading floor, a beaming SMBU student yelped at me, "Bella I could hug you after today."  He was very pleased with the progress he had made as a trader.

Fast forward to today and that same trader caught me hitting the elevator for my walk home.

SMBU’s Options Tribe Webinar: Options Tribe Contest Leaders To Present Their Trading Strategies

This week, Jaroslav Vaclavik, Dave Heinzen and Alan Wood, all leaders in our Options Tribe Trading C

Some questions from a European trader learning US markets

One of our SMBU students visited our desk in NYC from Sweden today. Merritt, from SMBU Trading Conversations on Friday 1:30PM EST, joined us for lunch, as did this trader's dad.

How Goldman Sachs & JPM Morgan Created A Good Short Opportunity in $SRPT

Our #1 trading idea for Friday was SRPT. It sold $300 million of shares in a secondary offering via Goldman Sachs and JP Morgan. Normally, biotech secondaries are excellent long set ups. The prior week I had been long AERI following its secondary offering and it traded 30%+ higher in a few days. But this time was different.

Trade Review–Shorting A Stock After Earnings $RHT

In this video I walk you through my thought process in developing a plan to short Red Hat following its earnings report. Each morning we develop trading plans for Stocks In Play. For more info sign up for a free trial which includes all of our trading tools and live position updates.

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years.

Why I didn’t trade today

I didn't trade this morning.  I had ever intention to do so when I left the office last night.  I like the opportunity in FB TWTR SRPT SPY IWM for today's trading session.  So this was not a decision of a lack of trading opportunity.  I, personally, was not in an optimal state to trade.  And therefor, I benched myself.

First, for those of you who have children, you might empathize with this ne

Stay Within the Theme of the Trade

Every options strategy has a "theme"--the conditions under which it does poorly and the conditions under which it is successful. In this video, Seth Freudberg discusses the problem of abandoning the theme of a trade in the midst of the trade. A recent bearish butterfly trade is offered as a case in point.

What this new trader learned on Day 1 (166 lessons)

Our new class started part I of their training this week, with the SMB Foundation.

Some say, "The only way to learn how to trade is trade."

Here is some evidence contrary to that position.

Close The Gap!

 

 

 

 

 

 

 

I work with a lot of traders trying to "make the turn" - that is the turn to consistently profitable.