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
Preserving Profits When You Can’t Be At Your Screen
It can be troublesome when a trade is profitable and close to its target profit, yet a big move, unattended, could severely draw down that profit. Occasionally, an options income trader simply can not be at his or her screen. Seth Freudberg discusses a solution to that. Enjoy the video. * no relevant positions
Don’t Trade Like the Three Stooges
In our SMBU Daily video Seth Freudberg discusses why traders who have too many trades on at the same time can not physically handle the adjustments. In fast moving markets, the trader that has too many trades on at the same time can not physically handle the adjustments on many trades at the same time—certain trades will be forced to wait … Read More
Building A Trading Foundation
In our SMBU Daily video Mike Bellafiore answers a question from one of our readers who has decided to pursue trading late in his career. Most traders begin their career at an early age but we have seen many traders enter the world of trading late in their careers and still succeed. Mike discusses why having a foundation is vital to … Read More
Market Orders on Complex Tickets
In our SMBU Daily video Seth Freudberg discusses the impact of using market orders when executing complex orders. He discusses why you should never use market orders and why limit orders are the ideal order type when executing an options position. Enjoy the video. * no relevant positions
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