Before I started SMB I could be found after work for hours playing pickup basketball at the exclusive Reebok Club in NYC. I loved the competition, the guys who played regularly, and trying to get better in my early thirties at a sport I enjoyed. It also left me in remarkable physical condition, just a few pounds from my high school … Read More
Move On After a Trading Session
In Buster Olney’s latest column he offers an interesting thought for us as traders: move on from a trading day. Into The Close and on The Open most traders are in a state of heightened focus. It would be exhausting to stay in this state all day. We would burn out quickly attempting to stay so intensely focused. Buster asked … Read More
Is Trading Your Passion? (a Quiz)
I’m often asked what I most look for in a future trader. I answer, “A passion for the markets.” I advise all who receive an invitation to join our firm to politely decline if you do not have a passion for the markets (they may have tricked us 🙂 ). I implore those considering trading as a profession to spend some … Read More
Find the Setups That Fit Your Personality
“My style on the chessboard was a direct expression of my personality.” And then: “I believe that one of the most critical factors in the transition to becoming a conscious high performer is the degree to which your relationship to your pursuit stays in harmony with your unique disposition.” These quotes are from The Art of Learning: An Inner Journey … Read More
A Trade from Brazil
A Reader from Brazil shared this trade that he made today. He uses some principles learned from One Good Trade and the SMB Blog to find this set up. Often we are asked if our trading principles apply to other products. I am most asked if Reading the Tape applies to other markets. That is up to the individual trader … Read More
Which is the Better Stock to Trade?
I was chatting with Lock It In into the close about stock selection. He was chirping one stock (chart below). I was in another (chart below), looking to buy more and was getting out of his. I should note I was in my stock and looking to buy more because Amazing Andy called it out. So its 3:15PM today and … Read More
First Control Your Risk
After the close a new trader shared his frustration with stop outs in FCX. His solution: ignore his predetermined stops for if the stock traded against him (let’s call him MC Trader). This is how you end up at a new job. MC Trader set a stop in FCX for 66c. FCX traded past this price but MC Trader did … Read More
Goals for 2011
This weekend we asked our traders to craft a list of goals for 2011. This is an exercise every serious trader (person?) should complete. When you create a picture for where you want to be by the end of the year it helps organize all that needs to be done to get there. Create process and results goals. Here is an … Read More