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Members Only Options Webinar: Alan Knuckman of Bar Charts.com: Using Options as a Stock Substitution Strategy

Your Option for a better trading life......together (SMBU Options Tribe)
SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide.

I Start My Stock Selection Here

It's officially earnings season. We trade in interesting times. How can you not love the Ackman HLF Dump Summit? Most of us on the desk were trading $HLF and piped into his presentation via livestream.com. NFLX reported and got beat up offering a series of excellent risk/reward trades for the short term trader.

A Focus on Immediately Being in the Money Helped this Trader Improve

I had a conversation with one of the traders on our desk end of month congratulating him on his improved performance and  inquiring on the reasons for it.

We sat in my office and I congratulated him on improving from consistently negative to flat for the month.

Options Trading for Income with John Locke for July 21, 2014

Risk Disclosure

No relevant positions
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How Do I Simplify My Trading?

Dear Mr. Bellafiore, 

My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback).

How Do I Simplify My Trading?

Dear Mr. Bellafiore, 

My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback).

Harness the Power of Your Emotions

As humans we make decisions based on emotions. Of course we sometimes use logic change our decisions but our initial decision, and the one we are most likely to act upon, is always based on emotion. This is because our emotions are much more powerful and react much more quickly than our logic.

The PlayBook Checkup: Unusual Option Activity in $SUNE

Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event.

Creating a Road Map Helped this Trader

I noticed one of our new traders had a day of out-performance.  I assumed this was his best trading day because of his PnL but it turned out it was his second best.  Still he was near the top of the leaderboard with a very substantial intraday PnL for a new trader- heck for all traders.

I asked him what he thought of his trading day in my office.

He said he was pretty happy.

I asked if th

Trade Review $AAPL

In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves.

Enjoy the video!

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures.