In this post you will learn: The difference between a rule and a guideline That rules are not just for technical traders; discretionary traders and fundamental investors also use rules How to find the rules that are worth using A rule is different than a guideline. Think of it like a road. A rule is like the guardrail that is … Read More
The Rule When Trading on Tilt
A peak into our trading desk in NYC… There are three guys I really like on our desk that have a chance. They work. They care. One has surpassed the monthly PnL number that signifies a real chance to make it by 4x. Another was first in his class to hit that number (can’t share number….compliance). The last has hit … Read More
A ?4 the Trading Community- A Rule for Giving Back Profits?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More