At SMB, our primary business is our proprietary trading desk. 85 percent of my energy and attention goes into the trading desk, our traders, and growing that business. But everyday, I do spend time on our education arm- SMBU. Recently, I had drinks with two partners of a proprietary trading desk in NYC and one asked, “Why do you guys … Read More
The Challenge of Letting Winners Run
You know the following situation well: You had a long in EUR/USD at 1.3005 and sold it at 1.3018 only to watch it go to 1.3086 over the next hour. Of course when you try and hold for these type of moves, you give back your 10+ pips plus some additional when your stop gets hit. How do we know … Read More
Should I Run My Trading Strategy Live?
Hi Bella, I was in the same position for most of last year and early this year, trying to work out what it is I need to be before I could consider myself as a solid trader. Now I find myself in another mental predicament. Which is when do you start believing that as a trader you have found the … Read More