In our SMBU Daily Video Seth discusses the importance of finding a group of traders to trade with. Many options traders are isolated from other options traders because of their geography This isolation causes traders not to get exposed to new ideas to enhance his or her skills as options traders Joining an options trading community provides a solution to … Read More
Risk Management for New Traders
In our daily video Seth Freudberg discusses risk management advice for new traders. Some key points made by Seth: Get into mindset that you will be in your job for a few more years at least. Trading options can stay in your current job as long as you have internet access 3-5 times per day. Find options strategy that works … Read More
How to Read the Tape on the Short Side
In our SMBU Daily Video Mike answers a question from a reader on whether or not reading the tape is any different on the long or short side. The same thinking applies to both the long and short side. You must also consider news catalysts, where we are in the overall market, long term and short term technicals. * no … Read More
Losing Less on Bad Days
What’s your number? In this video Mike Bellafiore discusses why it’s so important to know what your stop-loss number is when you’re down on the day. Traders spend too much time trying to turn a bad trading day into a break-even or positive day. They don’t spend enough time on learning how to turn a positive day into an even … Read More
Backtesting is Way Different from Live Trading
Backtesting is necessary to develop a system but not sufficient to prove YOU can make money. In this video Seth Freudberg discusses: Mid-prices not easy in fast market Testing software data may be imperfect Mid-price may be a distortion—synthetic equivalent may be more accurate. Multiple trades means you may not be attending to the one being tested. Emotion—do you have the strength … Read More
Don’t Trade Options Before 10AM
In this video Seth Freudberg discusses why you shouldn’t trade options before 10AM. You will see what can happen the first 30 minutes of trading. Seth uses an example of May 20th $RUT Index Put and shows you how the price changes based on time of the day. Enjoy the video. * no relevant positions
Be More Confident
In this video Seth Freudberd describes why traders filled with self-doubt will never be successful. Until a trader finds those strategies that he or she is comfortable implementing on a consistent basis, a trader will have a very hard time being successful. Successful traders are not bothered by losses and those losses do not shake the trader’s confidence in his … Read More
Finding Edge in $VXX
In our SMBU Daily Video Andrew Falde takes an in-depth look at the $VXX and searches for ways to get short through systems and signals. * no relevant positions