How to Be More Consistent in Your Trading We all have things that we feel quite strongly about, for completely irrational reasons. Me? I can’t stand rollercoasters. While some people get a kick out of the adrenaline rush, I prefer steady and smooth riding. One thing’s for sure—I don’t want the huge swings and volatile ups and downs. With the … Read More
SMBU Trading Tip of the Week ($WWE)
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about finding a signal to get bigger in $WWE. Highlights from this trade: 1) Your position size should increase as new data confirming your trade appears 2) Use VWAP to add size to your trade 3) Learn the signal that alerted Bella … Read More
Why Blindly Following Your Options Trading Rules Eventually Leads to Failure
Trading rules are designed to help us make money and eventually become a better trader. Unfortunately market conditions change. The static examples you find in trading education don’t provide guidance to navigate new price action. This is where the rubber hits the road and where success or failure lives or dies. How do you adapt? What is your plan after the perfect … Read More
Options Trading for Income with John Locke for May 12, 2014
No relevant positions Risk disclaimer ALL of the May expiration sample TRADES on the website have been closed at a HEALTHY PROFIT. Be sure to watch this replay of Option Trading for Income Weekly Update for the RESULTS! John LockeBe sure to visit our trading blog: www.lockeinyoursuccess.com And check out this video: http://www.smbtraining.com/blog/yeste…
Excellence vs. Perfection
I see too many people beating themselves up for not being perfect traders. That’s really sad because being a great trader and achieving the gains you desire isn’t about trading perfectly. In fact, expecting perfection often delays progress for years. When I talk to the most successful traders I know, they call their trading a culmination of errors that usually … Read More
The Distinction between an Idea and a Trade
I was talking with a new trader in my office with our floor manager trying to get him on track. “How do you think you are doing?” I asked. The new trader said, “I think I am doing a better job of sensing what sectors will move next.” So this is good work but not the whole game as many … Read More
Options Trading for Income with John Locke for May 5, 2014
No relevant positions Risk disclaimer
Formulating A Trading Plan: $YELP
In this morning’s AM Meeting I discussed a recent shift in my approach to trading momentum stocks as we have seen signs that bottoms are forming. In the second half of the video I share my intra-day trading plan for YELP: where it made sense to get long based on recent price action as well as a potential failure area … Read More