Liquid Snake, aka Sebastien Salois, is a former professional basketball player and financial security advisor who runs a Web site called LS Trades. Recently, he wrote a terrific review of The PlayBook, and we’ve pasted it here in full. We thought you might enjoy it. —- READ THIS BOOK. In anything where there’s a huge demand and interest for knowledge, … Read More
Adapting The Technical Perspective
Many mainstream trading books about forex trading love to talk about the importance of combining a fundamental view and a technical view of the market. That’s great if you are going to be interviewed on a popular financial media outlet. Fundamentals make you sound smart, and smart is sexy. The problem is fundamentals generally look at the market from a … Read More
Knowing Your Risk on Multiple Time Frames
*****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
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
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