Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More
The Chicken or the Egg?
Hi Mike, First of all, I want to thank you for being such a great mentor. I’ve learned so much by reading SMB Capital blogs. I’m currently working a full time job as a Mechanical engineer and have taken trading four years ago, fascinated by this machine we call Mr Market. Obviously due to my day time job, I consider … Read More
We are forgetting one important change in our economy
1. As @jheil said on Morning Joe yesterday, “The Yankees suck.” 2. Are we undervaluing an important positive change to our economy? That being: it has never been better to start a small business. If you talk to some of the biggest HFs in the US they are all preparing uniquely for the US fiscal cliff. Worse yet the perfect … Read More
StockTwits Suggested–$DECK
The lifeblood of a trading desk is the flow of relevant factual trading information. We spend time training our traders from Day 1 on how to gather and share information so we can all make more money. We build tools that pump out important information on In Play names all day. We have a chat room where traders can share … Read More
The happier Toronto trader
I am an hour away from my presentation at Quant Invest Canada and instead of preparing I thought I would share some thoughts from a few meetings with Canadian traders with whom I met. I take the Coach K approach to presentations. If you cannot get up there and speak on a subject without notes then they probably should not … Read More
Forex Trading Room Recap 10.12.12
In this segment, Marc Principato, CMT explains an example of the crowd behavior behind support and resistance levels. This is a basic example that emphasizes the importance of having a strong understanding of the psychology behind the movement of prices. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
The Great Paper Trading Debate: Helpful or Hurtful?
When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade. There are the opponents and this group usually includes brokers (I wonder why). Their argument goes something like this: Paper trading is something you want to do for maybe a week or so in order to … Read More
Bon voyage to Paris to become a better trader
Bojour. I am flying through some nasty turbulence from southern France to Paris to catch my connecting flight back to NYC. I land, drop off our bags and my wife, grab a few hours of sleep and then head back to the airport for a flight to Toronto. I am the chairman and a presenter at Quant Invest Canada 2012 … Read More