We had an interesting question the other day: What would be a reasonable range for total number of trades per instrument for an active intraday trader? And is there a different range for something like a stock-in-play vs. SPY or EUR/USD? I’m working on discretionary trading along with algorithmic strategies and I just want to gauge your opinion on when … Read More
A Few Spins Of The Wheel
Last week we talked about the casino’s edge which in the trading world is called expectancy, but all that expectancy tells us is whether or not our trading strategy is likely to be profitable or not—but not how much money we might make. How profitable depends on how often we have a chance to trade our system—will it be a … Read More
Understanding Systems Trading
I’d like to ask a question: Thinking about casinos, would you rather have the house edge, or would you rather be the gambler?? Other than entertainment value, of course, being the house is the only way to consistently make money. That’s what system trading is all about—developing a system that has a well defined, consistent edge—called expectation in the trading … Read More
SMB Welcomes Rick Martin As A New Blogger-Systems Trading
SMB is proud to introduce a Rick Martin as a primary blogger for the SMB Blog. Rick is the lead developer for SMB Systems Trading, LLC. His career on Wall Street has spanned over 25 years and has included stints as director of research for Ryan Beck, Tucker Anthony, Swiss Bank, and The Chicago Corporation. Beginning in 1999 his focus moved … Read More
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