Trading is inextricably linked with money. You are taking risk in the markets because you want to make money. If you trade well over a long period of time, then you will make lots of money. We all know what the results of trading success can look like, and that motivates us—the cushy bank balance, nice house(s), etc. Most traders … Read More
Four Ways To Get Your Trading Ready For the Summer
In most parts of the US and Europe, this winter has been positively arctic. Record snowfall, freezing temperatures and howling wind. It can be a downer, even for the hardiest of souls. Even then, most traders are in the office, focused on their screens and their results and not paying any attention to the weather. Summer may seem like the … Read More
Finding a Jungle Guide
It can be a rough and cruel world out there in the markets. The competition is high, people are cutthroat, and the markets are never easy. Sometimes it can feel like a feral jungle, with danger lurking everywhere. You want to give yourself every edge and extra chances to succeed, but what really makes the difference? Simple: A mentor. In … Read More
How Are Those New Year’s Resolutions Going?
Maybe it’s the bubbles in champagne, or the sound of the cork popping, but New Year’s always brings out a rush of emotions. The end of one year naturally lends itself to reflection on the past. As the calendar turns over, people wax lyrical about another year passing. Taking stock of the past year, people figure out where they are … Read More
Using The Tape: $PRGO
Reading the tape is an essential skill for actively day trading. The tape, also known as the time and sales window, shows the trader important information about order flow. It is a stream of data on price and volume, which are two important criteria for intra-day trading decisions . Tape reading takes time to learn and takes practice to understand … Read More
A Pro Responds To A New Trading Idea
Over the weekend Bella posted a new trading idea “I’m All In”. Here is the response from SMB Foundation alum and professional futures trader Bruss Bowman. I think his comment speaks for itself. Bella, Great thread. My personal trade log for the last month is full of entries around just this thought. One of the things that I’m looking at … Read More
“Reversal Rehearsal” Guest Post
Thanks for all the submissions regarding the DG reversal trade that occurred on December 12th. This post was written by a college student who participated in one of the SMB College Training Programs last Summer. Although the post is short and to the point I think Tim captures some of the key elements we look for in a low risk … Read More
What a Star Fund Manager Can Teach Us About Improvement
Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a … Read More