SMB Training provides online and in-person trader education and training services but is not a broker dealer, and any information or strategies discussed are meant for educational purposes only and not investment recommendations. SMB Training and SMB Capital Management are affiliated companies, while T3 Trading Group is a separate SEC-registered broker dealer. The document notes various risks of trading securities, options, futures, and forex.

1. November 13,
2012

2. 1. SMB TRAINING is NOT a Broker Dealer. SMB TRAINING engages in trader education and
training. SMB TRAINING offers a number of products and services, both electronically
(over the internet through Smbtraining.com) and in person. Through Smbtraining.com,
SMB TRAINING offers the “Virtual Trading Floor”, a community through which independent
traders (subscribers), as well as T3 Trading Group, LLC traders, observe a virtual trading floor
environment (as described below) for educational purposes. SMB TRAINING also offers web-based,
interactive training courses on demand.
2. The seminars given by SMB TRAINING are for educational purposes only. This information neither
is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities.
You shall be fully responsible for any investment decisions you make, and such decisions will be
based solely on your evaluation of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs.
3. This material is being provided to you for educational purposes only. No information presented
constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security,
financial product or instrument discussed therein or to engage in any specific investment strategy.
The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy,
sell, or hold any securities. You are fully responsible for any investment decisions you make. Such
decisions should be based solely on your evaluation of your financial circumstances, investment
objectives, risk tolerance and liquidity needs.
4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.
5. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange
(CBSX www.CBOE.com). All trading conducted by contributors on Virtual Trading Floor is done
through T3 Trading Group, LLC. 7. The risk of loss in trading securities, options, futures and
forex can be substantial. Customers must consider all relevant risk factors, including
their own personal financial situation, before trading. Options involve risk and are not suitable
for all investors.
See the Options Disclosure Document: Characteristics and Risks of Standardized Options. Trading
foreign exchange on margin carries a high level of risk, as well as its own unique risk factors.
Please read the following risk disclosure before considering the trading of this product:
Forex Risk Disclosure. Futures and forex accounts are not protected by the Securities
Investor Protection Corporation (SIPC).
6. No Relevant Positions

3.  Please note: Hypothetical computer simulated performance
results are believed to be accurately presented. However,
they are not guaranteed as to accuracy or completeness
and are subject to change without any notice. Hypothetical
or simulated performance results have certain inherent
limitations. Unlike an actual performance record,
simulated results do not represent actual trading. Since,
also, the trades have not actually been executed; the
results may have been under or over compensated for the
impact, if any, of certain market factors such as liquidity,
slippage and commissions. Simulated trading programs in
general are also subject to the fact that they are designed
with the benefit of hindsight. No representation is being
made that any portfolio will, or is likely to achieve profits
or losses similar to those shown. All investments and
trades carry risks.”

4. Using Multiple Time
Frames to Recognize Keys
Times to Make
Adjustments on Options
Trades

5.  Deltas are heavily under control
throughout the trade.
 The maximum permitted loss is very
mild—10% of planned capital.
 Performs well in most kinds of
markets—channeling, reasonable
uptrends, reasonable downtrends,
reasonable whipsaws.
 The trade design is simple and intuitive.

6.  Four Part Video Lecture Series provides
detailed and precise techniques on:
 --How to handle extreme market moves.
 --How to handle whipsaw markets.
 --Scaling out of the trade for additional
profit.
 --Wing Selection.
 -- Favorable and Unfavorable Market
Conditions.
 --Each video has accompanying power
point document which becomes your
reference trade plan.

7.  Go To:
http://www.smbtraining.com/overview/heart-
friendly-butterfly

9.  If you would like to learn to become an expert
in this strategy---Bullish markets
---Bearish markets
---Channeling markets
 Order the Bearish Butterfly Video Course—
four extensive videos detailing how to trade
this strategy in every market --very
reasonably priced at $595.

10.  If you are interested in the “trade that
teaches you how to trade options”…….
 Order the M3 Options Trading System Video
Course—four extensive videos plus a
detailed power point summary detailing
how to trade this strategy for $795.

11.  For traders new to options trading
 We are combining the fundamentals section
of our Options Foundation Program PLUS
 The Complete Bearish Butterfly Video Series
PLUS
 The Complete M3 Options Trading System
Video Series
 Buy all three and save more than 15% vs.
buying each segment separately.

12.  John has also agreed to make his
personal mentoring services
available to SMB Options Tribe
attendees on a first come, first
serve basis, once you have
studied the M3 video course or
the Bearish Butterfly video course.
 So ORDER now !

13.  If you’d like to take a deep dive into this
strategy and learn how to find BWB trading
opportunities in virtually any kind of market
then you should…..
 Order the Broken Wing Butterfly Video
Course—four extensive videos detailing how
to trade this strategy in every market for
our special introductory price of $595.

14.  Ifyou order now, you will receive
one FREE hour of mentoring from
Greg Loehr after you’ve gotten an
opportunity to review all of the
videos.
 That’s a $350 value that we are
adding to the offering for free.

15.  Go to www.smbtraining.com
 Pull down the the “Programs Tab”
 Press on SMB Options
 Click on the strategy “slice” that
you are interested in in the “pie” at
the bottom of the page.

17.  To Be Held The First And Third Thursday of Each
Month
 Starts at 5pm EDT
 First Meeting will be Thursday, September 6, 2012
 Five Spots Left
 Monthly Cost:
$150 if you own both programs.
$175 if you own one of the two programs
$200 if you do not own either program.

18.  Click on:
http://www.smbtraining.com/overview/bearish-
butterfly
 Press on this banner at the bottom of the
page:

19.  Go to Optionstribe.com right now and click on: “Join the Options
Tribe”
 Then, join the Optionstribe chat group  (takes about an hour)
 Post an idea in the forum for a future options tribe meeting topic 
 Buy one of SMB’s options training products and receive a 5%
discount 
 Find out what trade adjustments were made by our options experts
on popular options trading strategies 
 Peruse our ever growing archive of previous Options Tribe Meetings
(past recordings now only available to paid members)
 Register for next week’s Options Tribe meeting 
 Offer to make a presentation on the Options Tribe, become an active
blogger, offer up an Options Tool, or become actively involved in
some other substantial way and get a free annual membership 
 All archived material is BACK! Thanks for your patience.

21.  Check out SMB’s Options Training Program-to launch
your options training career:
 www.smbtraining.com/overview/smb-options-training
 Consider a mentoring-only relationship with SMB, for
the struggling options trader who is seeking a trading
plan to get you back on track. $1,495 for five one hour
sessions.
 To order these services go to smbtraining.com, click on
the “programs” tab, click on SMB Options in the pull
down menu.
 At the TOP of the page we discuss our Options
Foundation and Mentoring Programs.

23. Alan Knuckman of
Onestopoption.com:
Taking Advantage of the limited
risk “leverage on leverage”
attributes of
Commodity/Futures options...

24.  Email: sfreudberg@smbcap.com
 Twitter: SethF _ SMB
 Blog: smbtraining.com/blog