Last night I gave a visiting lecture at Rutgers. I thought I would share some of my observations. 1) Rutgers is doing a masterful job of promotion. The deep red logo stands out. I even bought a shirt for myself I liked the logo and colors so much. Signs on the highway blast out their Top 10 ROI. Did they … Read More
Future of Trading: Insights from My Columbia U Guest Lecture
I was invited to lecture at Columbia University this week to talk with their students most interested in the markets. I have been guest lecturing at colleges since the start of our proprietary trading firm, ten years ago. While walking home to my apartment a few blocks south after this lecture, it struck me that so much has changed with … Read More
What basic trading setups should I learn?
Hi Mike, This is Ember from the Philippines. I read your book One Good Trade and was really inspired. Presently, I am a remote Proprietary Equity Trader from (deleted by compliance). I trade from home in the Philippines. I started to trade at October 2015 and I am willing to pay my dues even for more than 10 years just … Read More
The trading mistake I made
I called out a trader yesterday (Don’t make this trading mistake in Facebook) on a trading mistake and today it’s my turn. Man I messed up in CRUS yesterday. And here’s why. I missed this very important piece of information in Oppenheimer analyst Rick Schafer’s note : As a result, Cirrus will obtain an average of about $5.50 for each … Read More
Do not make this trading mistake
Trader Frequent Flyer was having another solid day on the month. He was up near 2k, which for his level of experience and skill was strong. The trading session ended. He was up near 10k for the month, with a few days to go. He had just closed out his 5th straight profitable trading session. And then Facebook earnings hit … Read More
One Benefit of Intraday Trading
The following is a simulated back test of a simple short term momentum system on SPY. It generally has positive performance but the draw down periods are a little deeper and wider than I would prefer. Now, I’ve taken the same system but coded it to go flat at the end of each day. Then it waits for a fresh … Read More
The caring makes all the difference in trading
Trader A is an experienced trader learning futures on a new platform above, as he shared with me with this screenshot. Trader A is up over 2k in 2 hours of futures trading. What he cares about makes all the difference. Here is what Trader A said about his start: The elite trader is proud of learning a new platform. … Read More
Keep Your Trades Simple
In our SMBU Daily Video, learn why you should keep your trades simple in this market sell off. In this video from Seth Freudberg, you will learn: Why you’re prone to get stopped out in times of market volatility How extremely market volatility can impact your trades The difference between exiting a complex and simple trade – SMBU Team *no … Read More