Good evening Bella! I wanted to fire off a quick email to you, and if you had time to respond or post it, I would greatly appreciate it. I just need some input from someone who has observed intraday traders for years to gauge where I’m at. I started prop trading last August, so it’s been nine months. Before that I … Read More
How Do I Trade the Breakout Trade Better?
Below is an email exchange between me and an SMB Reader, who is a pretty good trader. We discuss how to improve his Breakout Trade attack. This blog post ends with related past posts. SMB Reader Mike, The Thursday after you visited the big CT hedge fund you very briefly mentioned, “They play all breakouts the same way, paying up over … Read More
The Technology Edge of Proprietary Trader, Steve Austin
CNNMoney came to visit us this week to do a spot on our desk’s NEW technology edge. I am the guy showing off the balding back of my head. You may have read recently about our JV with KTG in Midtown NYC of late that breeds this new technology edge. I wanted to explain in more detail the importance of … Read More
SMB Forex and Futures Weekly Trade Review 5/10
In this segment, Marc Principato, CMT, reviews a EUR/USD short that was initiated on May 2nd. The highlight of this video is how we use a particular volume pattern in the futures market to validate a larger time frame price pattern that was calling for a short at the time. This is how we gauge potential and manage to capture … Read More
Forex Trading: Position Sizing and the Bigger Picture
You know when you get up in the morning and open your charts and see your pair has already moved enormously without you? Ever wonder how to participate in that? You look back at your smaller time frames and see a setup on a 15 minute chart, but you had to be up at 4:30 AM ET and watching for … Read More
SMB Forex and Futures Weekly Analysis 5/6
In this segment, Marc Principato, CMT reviews potential support and resistance levels where swing trade opportunities may emerge. He provides coverage on the S&P futures, EUR/USD, GBP/USD, and AUD/USD. To learn more visit http://www.smbtraining.com/overview/forex-training [purehtml id=5] — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
The Hustling Trader
The NBA playoffs are here and listening to elite coaches coach can help us as traders. The best coaches gloss over who led the team in scoring (P&L?) and stress “hustle plays”. These hustle plays can make the difference between a win or a loss at this highest level of competition. That got me to thinking about our game. What … Read More
SMB Forex and Futures Weekly Trade Review 5/3
In this segment, Marc Principato, CMT illustrates how a trade in the EUR/USD pair was validated using our volume analysis tool. [purehtml id=3] — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions