[EPISODE 37] “The Trade Review: How Pro Traders Keep a Trading Journal”
SMBU’s Options Tribe Webinar: Ed Tulauskas of Random Walk Trading: The Bionic Butterfly
This week, Ed Tulauskas of Random Walk Trading discusses the Bionic Butterfly, a biased butterfly strategy that takes advantage of directional moves. Ed will look at the basic trade framework, explain the best times to utilize this approach, discuss the factors influencing the trade and cite some examples of the use of the strategy.
ONE Thing to Improve Your Trading
We have built a new Reading the Tape course to help our trading community trade better. Imagine if this course helped you achieve just one of these: Reading the Tape can help you enter trades at better prices. Reading the Tape is a leading indicator that gets you into trades before the stock moves. Reading the Tape can help you find … Read More
SMBU’s Options Tribe Webinar: Paul Forchione of Optionvue Systems, International: “Butterflies and Calendarized Butterflies”
This week, options educator and strategist Paul Forchione returns to the Options Tribe to show how he uses OptionVue software to structure and analyze these positive theta spread positions in various futures markets. He will show how these positions behave in relation to market movement and changes in implied volatility by generating performance curves and discussing the Greeks.
Sometimes it’s your job to lose money
In this video, Seth Freudberg discusses why it is disadvantageous for a trader to get into a mindset that he must win every trade at all costs. He must instead accept that the best trades have anticipated losing months in each year, no matter how well designed that strategy is.
One of the Most Important Trading Skills You Need to Develop
This coming Wednesday, after the market close, Bella is going to teach a trading class about one of the most important trading skills that many traders don’t understand. Tape reading is a crucial skill for all types of traders. Not just intraday or short term traders. Tape reading skills add value to trades that are held for swing, intraday and … Read More
Impatience is a major enemy of beginner options traders
In this video, Seth Freudberg details the problems of raising capital level too quickly and suggests an alternative way to structure your growth process as an options trader. After experiencing some success over a small time period, they decide that they can trade much larger without understanding the tragic ramifications of increasing your capital level too quickly.
SMBU’s Options Tribe Webinar: Gareth Ryan of IUR Capital: Harvesting premium with $SPX options
This week, Gareth Ryan of IUR Capital returns to the Options Tribe to focus on applying a 1×3 setup for premium extraction on equity index options using both weekly and monthly options.