I know that when you trade it’s best to stay calm. And busting your keyboard is not keeping cool. I get and have blogged that you make poor trading decisions when you are not in the zone. But having sat on a prop desk the past 12 years of my life I have heard and seen many smashed, broken, and … Read More
Insights from Brian Shannon: 10 Lessons for Traders
Brian Shannon of www.alphatrends.net and @alphatrends was our special guest speaker yesterday. During a busy week of trading, the NYC Trader Expo, and meetings, SMB was grateful that our good friend found some time to talk with our desk. It was a lecture not to be missed. Thank you, Brian! Here are ten things that I learned from Brian’s … Read More
Insufficient Trader Training
In our smallest office in our downtown Manhattan digs I was an actor in this conversation. “We make trading too hard,” said the new, gregarious trader. “I am not sure what you mean. Trading is about learning set ups and then mastering the fifteen subsets of each play,” I replied. “See that is where I think I go wrong. I think trading … Read More
Franchise
Suppose your favorite college team recruited a promising forward. Let’s call him Franchise. Suppose you learned Franchise showed up 20 minutes before game time, dressed, did some light stretching, and then headed for a seat on the bench. Perhaps your favorite college team is covered by a terrific beat writer, sharing interesting tidbits via a team blog that reported Franchise … Read More
A Trade2Hold: HAS Exit (if it trades against you)
Bella discusses where he exited his Trade2Hold short position in HAS today.
Trade2Hold- Important Intraday Level (breaks uptrend)
Bella discusses a Trade2Hold in Visa yesterday below a significant intraday level
The Value of Sharing Trading Ideas
Bella discusses the easy money that can be made by sharing trading ideas.
Trade2Hold- Breaks the Downtrend (LXK)
As we continue to gravitate towards more Trades2Hold, longer holding time periods for intraday trades, we found another excellent set up today in LXK. This is a simple trade and a pattern you might spot a few times a week. We will discuss the entry and the exit. (let me state at the outset that for some reason I can’t … Read More