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
Zolio Trading Competition
Do you have what it takes to be a great trader? For college students who are either interested or passionate about the markets, SMBU is proud to be a sponsor for the 2014 Zolio Spring Trading Competition. Registration is still open for this multi campus-wide event that is set to kick off in February. This is a great opportunity for … Read More
Why set goals? Not just in trading but in any part of life?
“Top scientists estimate that we’re bombarded with over 400 billion bits of information every second. There is no way we could possibly pay attention to this much information. It would literally drive us insane. In fact, we are only capable of consciously processing approximately 2,000 bits of information. That’s only 0.0000005% (5 ten-millionths of 1 percent) of the world around us. This means that we … Read More
How do You Use Candlesticks? Trade Confirmation.
Marc Principato, CMT, shares his beginner series where he illustrates how candlestick wicks offer valuable information when it comes to gauging buying / selling pressure at the moment. They are excellent forms of price action confirmation. Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge … Read More
How Conventional Are You?
As a trading mentor, I speak to many up and coming traders who are looking for guidance. There are a number of things that I ask to gauge where the trader is in their learning curve. One of the main pieces of information that I like to learn about a trader is what strategy or strategies are they executing within … Read More
SMBU’s Top Ten Trading Blog Posts of 2013
SMBU’s Top Ten trading blog posts for 2013: The Failure Rate of a Proprietary Trader The Opportunity for a Prop Trader Lessons Learned From a Million Dollar Loser What I Learned From the Best Trader at Citibank Ten Takeaways From a Top Trading Coach Do You Have a System to Identify and Trade Breakouts? Ten Ideas for Creating a Good … Read More
Enhancing Trader Performance by Resolving To Keep Trading Simple
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note As we kick off the new year I thought it would be fitting to suggest a trader resolution designed to enhance trader … Read More
Trading Lesson: Fade Trade—$TSLA
Tesla has demonstrated itself to be one of the very best short term trading vehicles in 2013 (no pun intended). After putting in an all time high above 190 it has presented numerous setups on both the long and short side. READING THE TAPE This trade began as a “pattern recognition” trade but morphed into a “tape trade” as there … Read More