Here is a case study in accumulating as many edges as possible to increase your risk adjusted returns. In the past, I have shared that most developing traders start by looking for the fastest way to make bigger profits. However in systems development we look for the highest risk adjusted returns. In this example trade, we are going to combine two … Read More
Former Sandwich Shop Owner Becomes Professional Options Trader… Watch His Story
We are proud to tell stories like this one… After all, we are a trading firm first. We are committed to helping traders succeed… if they are willing to put in the work. Check out Derek’s story. He signed up with us years ago. He learned our strategies and now our firm has funded him to trade at a bigger … Read More
When Should a Trader Say “I was wrong?”
If you are one of those traders that doesn’t like to admit when they’re wrong… I have good news for you! When you have a system… and you have a predefined reason to change your mind, then you don’t have to live with that feeling of being “wrong”. Instead, you can live with the freedom of knowing that you have a plan … Read More
A tool to find your best trades
The bionic trader uses technology to gain an edge. Here is a quick tip on how to use Microsoft Excel’s pivot table tool to sort through trade history to find hidden edges. I have more examples on using Excel to find edges. Email me — [email protected] — with the subject: “Excel Edges” to receive more tips and videos on tools … Read More
[Video] Market Hours Options Tribe
We had a great first “Market Hours” Options Tribe meeting on Friday. Here is the recording. Please note that future meetings and recordings will be available only to members of OptionsTribe.com that have a Bronze level membership or higher. Learn more about becoming a member of the SMB Options Tribe. -Andrew Falde No Relevant Positions. Options Risk Disclosure.
Bonus Options Tribe Meeting
Members of the SMB Options Tribe (www.optionstribe.com) are invited to a special market hours meeting tomorrow (Friday, 7/11) at 11:00 AM – New York time. This will be the first of many bonus meetings that will be geared toward the development, testing, and implementation of options trading strategies. A key theme at SMB is that traders should become more bionic in … Read More
Multiple Strategies – Automated Opportunities
Earlier this week we looked at SUNE which was setting up for a long. Now we’ve got the hourly rejoining the Daily/Weekly and it’s time to trail the position for as long as it wants to run. WMT and SPWR were also trades that showed up on the TEA Radar that have been trading nicely – often defying the broad … Read More
TEA Trend Indicator
The TEA has fired off a big warning on SPY – The first since May 8th. The current bullish move was confirmed about a month ago and held nicely with only moderate warnings on down days. In the context of slowing momentum and an extended move; yesterday’s bearish move is a more relevant warning. Applications I’ll be quick to … Read More