Get Your Copy of the Big Book of Pro Trading Strategies Today

I’m excited to announce that I contributed an in-depth chapter to the new “Big Book of Professional Trading Strategies” which was just released.

You can grab your own personal copy free!

Big Book of Pro Strategies Free

I discuss the “TCZ Trend Confirmation Trading” Strategy for you as my contribution.

You’ll also learn tactics, trade set-ups, information, and ideas from 17 other professional traders as we share our favorite trades with you.

Don’t miss out!  This strategy guide is free for now.  Download your copy here.

I’m honored to contribute to this strategy guide and hope you pick up a few new actionable trading ideas from it!





Afraid to Blog

SMBU’s Options Tribe Webinar: SMB Capital’s Merritt Black: True Market Understanding with Market Profile

September 26th, 2017

This week, SMB’s Merritt Black will appear for the first time on the Options Tribe, taking us on a deep dive into Market Profile and Auction Theory as a way to familiarize the Options Tribe community with this powerful way to view markets across any time frame.

Options Tribe meetings are generally free to the public and are held every Tuesday at 4:30PM ET. If you wish to register to this meeting, please click here.

We look forward to seeing you at the meeting!

Seth Freudberg
Director, SMB Options Training Program

The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg:

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Learn options spread
strategies for monthly
income from experienced
options pros

SMB Training Blog

General hysteria from the media makes it tough to pay attention to the real issues?

On August 26 I wrote The End Times in Texas: media portrayal versus reality about the contrast between the tone of at least some media stories regarding Hurricane Harvey and what Houston-based friends were saying in email or on Facebook. My post sought to avoid the selection bias of typical media reports by seeking on-the-ground accounts from non-journalists.

Within about 40 hours of that post it became apparent that the scale of damage was close to the worst-case scenarios that had been painted. None of my on-the-scene friends had been prepared for it. Now I’m wondering if the media’s generally hysterical tone is partly responsible for folks discounting the likelihood of the worst-case scenarios.

In the not-so-glorious-as-remembered days of my youth, newspapers didn’t have to work desperately to capture readers and advertisers. More or less every family in a city would subscribe to that city’s principal newspaper. There was a steady stream of subscription and advertising revenue even during “slow news” periods. An editor could run a quiet “human interest” story on the front page if there were nothing sufficiently dramatic happening to justify a big headline.

Today, however, newspapers have to compete for attention with other online diversions, streaming video, video games, etc. So even the most irrelevant information is characterized as having the potential to change readers’ lives, the smallest issues debated in Congress become life-or-death, and the most ineffectual action taken by a president is the next step toward tyranny.

As an example, here’s a front-page expose from the New York Times on the same day, August 26, as my Hurricane Harvey post: “Late Wages for Migrant Workers at a Trump Golf Course in Dubai”:

“Trump is not the owner or developer of Trump International Golf Club Dubai nor does it oversee construction or employ or supervise any of the companies or individuals who have been retained to work on the building of the project,” said a company spokeswoman, Amanda Miller, in an emailed statement.

The Pakistani driver who works at the Trump course arrived three years ago, seeking to support his wife and two boys. He took a job driving a pickup, earning over $ 800 a month, or more than twice his pay at home. He is supposed to be paid within the first five days of the month. Frequently, a week or more passes without the money arriving.

In other words, after reading about 15 screens of text one learns that the subcontractor of the subcontractor of the Trump partner does eventually pay workers in full. This merited “top of the home page” placement on the same day as stories about one of our largest cities being potentially flooded.

Readers: What do you think? When everything is presented as a crisis do we lose our ability to perceive the true potential crises?


Philip Greenspun’s Weblog

Nine Years Past

I remember it like it was yesterday. But it was yesterday…… nine years. That is, September 19, 2008. I was at Prophet’s office, and the CEO of Investools, Lee Barba, was visiting. I had sold Prophet to Investools in early 2005, and Lee would come visit us from time to time to check in, share […]
Slope of Hope

Frabjous Day?

If you don’t immediately recognise the title for today’s post then I must first warn you that your knowledge of Lewis Carroll’s literary works is dangerously deficient. So why am I thinking of Alice in Wonderland today? Well it is Fed day, and for me the Fed always bring Wonderland to mind. I was talking […]
Slope of Hope

Market Slams First Support Target on Volume Profile Chart

If you made note of yesterday’s “Professional Volume Profile ‘Look Out Below!’ Levels” post, you’ll be happy to note that the Emini trades RIGHT at our first target now.

Here’s today’s updated Volume Profile (at price) Chart with these key target levels:

Volume Profile

Thanks to Think or Swim’s Volume Profile Study, we can pinpoint which exact levels where volume has traded with price – and more importantly for us, where it has not.

This is similar to Market Profile logic with the vertical distribution but it takes into account volume traded at specific prices.

Namely when the bars on the right side of the chart are longer, MORE volume transacted at that price.

Conversely where the bars are smaller, less volume transacted at that price.

We can consider the larger-volume areas as “acceptance” or support/resistance levels and the lesser-volume areas as “open air” where price traveled quickly without transacting many contracts (volume).

As you saw in yesterday’s post, IT MATTERED because the market just plunged through “Open Air Pockets” (no volume/no support).

Right now we’re trading off the 2,493 Red High Volume Node from yesterday’s chart.

We’re seeing at least a small intraday bounce here off the 2,493 level that we targeted yesterday.

Aggressive traders could have short-sold the departure from the 2,506 level or beneath 2,500 as price moved rapidly toward 2,493 and the trade would have been successful.

And what now?

IF sellers crack us under 2,493, there’s not much volume-at-price support until we hit the pocket near 2,460.

That’d be very helpful information to know to develop your trades.


Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

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Corey Rosenbloom, CMT

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

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