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
If Trading Stresses You Out, Change Your Perception
I see it all the time, income traders battling a trade at any cost. Sitting there hour after hour, day after day completely stressed out; using too many resources and taking on way too much risk just so they can win. It’s as if their life depends on winning the trade. This usually happens because the trader is attaching some … Read More
Your Beliefs Are Your Reality, Choose Them Wisely
I was answering some questions at a trading seminar a while back and a trader stood up and said, “It’s impossible to average more than 12% per year on a portfolio”. I said “OK” and went on to the next person. After all it wasn’t a question so what else was I to say. Apparently, I missed something because he … Read More
Members Only Options Webinar: Jim Riggio: Capital Discussions: The “Jeep” Trade
Your Option for a better trading life……together (SMBU Options Tribe) SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar—the Options Tribe—during which veteran options traders and experts in the world of options trading share live presentations. Next week, Jim … Read More
What statement are you making with your trading?
I talk to traders all over the world and it surprises me how many “high probability” or “market neutral” traders don’t realize that they are making a statement with their position. By making a statement I mean whenever you enter a position, you are defining the conditions under which you will win and which you will lose. For example, when … Read More
Why do Proven Trade Ideas Suddenly Stop Working?
The most frustrating time in your career is losing money on proven set ups. It’s not you, it’s Me New traders grind out losing trade after losing trade because they want to be disciplined but they simply don’t have the experience to realize it’s actually the market and not the strategy. When is a consolidation a continuation pattern and when … Read More