*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey to pro trader for the college student with a passion for trading.***** There is a saying along the lines of “Good traders know their … Read More
Why We Started SMB
Mike, I’ve just started your book One Good Trade, and I love it. My question is why start a prop firm if you and Steve are the best traders and it is all your money? Can’t you just scale up your trades? I trade my own money and was thinking about starting a prop firm, but then I think: 1. … Read More
Use Your Emotions to Make Better Trading Decisions: SMB Midday Meeting with Denise Shull (October 21, 2013)
Denise Shull, author of Market Mind Games, was our guest speaker today during our Midday Meeting at SMB. Denise discussed: 1) How traders should learn to use emotions to make better trading decisions 2) Why most trader psychology advice gets it wrong by teaching you not to feel emotions 3) The reason why some traders have a need to be … Read More
GBPUSD Where to From Here?
The U.S. Dollar has been weak and technical structure still points to further weakness. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Your Brain on Neuroeconomics
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note Neuroeconomics is the study of human decision-making. Combining several fields of study from behavioral economics to … Read More
Aware Of Your Thought Framework?
When first starting out trading any instrument, many beginners already have a thought framework in place whether they are aware or not. Most of the time, this thought frame work is conventional in nature. This means that their reasoning process relies on things like conventional market wisdom, other peoples opinions and gut feelings. From the start, new traders are set … Read More
Trading After the Debt Ceiling is Raised (Video)
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a trend 3) Short the news 4) Fade a quick up move As a trading partner it … Read More
EUR/USD Still Strong?
This pair is still bullish but it can change quickly. This analysis offers what to expect this week. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions