Too often I listen to inexperienced traders over reacting, exaggerating and showing how over dependent they are on things like technical analysis. Too many engineers and people who think they can outsmart the market by trying to define everything it does with some over restrictive measure, indicator or data series. Much of the time, the objective of this pursuit is … Read More
Trade Review: Early Exit & Trade Management
In this segment, Marc Principato, CMT, points out how the price action helped him exit this trade early. This is a trade taken with the EURUSD and it reveals flexibility and risk management when handling a difficult trade. Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review … Read More
Enhancing Trader Performance: Risk Versus Uncertainty
*****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 post for the SMB Trading Community. We hope you enjoy!***** — Editor’s Note Do traders manage risk or uncertainty? Is there a distinction between the two? Does it matter? When we … Read More
Can You Manage Your Swing Trade Loss Like This?
Taking losses is part of the game. Learn what you can do to minimize them, Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge
One Netflix Trade
NFLX has been in play since the huge move on Thursday. I looked to trade it on the short side on Friday as it was overextended and had a powerful Opening Drive to the downside. It ended trading off about four points from its high but failed to close below 81 which had been a key support level on Thursday. … Read More
The Blowup
As someone who has been in the trading industry for over 15 years I am familiar with many traders and firms that have “blown up” over the years. The most recent public example of this was MF Global. Billions wagered on Sovereign European debt brought MF to bankruptcy. Probably the most famous blowup of all time was LTCM, which was … Read More
Don’t let C-B trades cloud your judgments in A trades (PCX)
This is a guest post from one of our traders, SW, about his trading day from Tuesday: A senior trader CB came to me after the close in regards of my recent performance. I expressed my frustration and disgust in missing an “A trade”. At SMB, we are taught to grade our trading setups A, B, and C, for purposes … Read More
The Psychology of Sizing (Guest Blog)
Below is a wonderful contribution to our learning/growth shared by an SMB Blog Reader and professional trader. **************** For the past 4 months I’ve been battling with risk management. It’s been my Achilles heel. Its has completely destroyed my consistency. I’ve made big and I’ve also lost big. I’d say that 80% of my trades have good technical structure and … Read More