Damn right we talkin about practice!

BellaGeneral Comments1 Comment

I had an informative phone chat with a counterpart of mine at a large international prop firm.  They house thousands of traders globally.  They, like us, back all of their traders.  They, like us, have their own proprietary trading technology that only firm traders can use.  They, like us, trade many different products. He, like me, trains all of the … Read More

The unique trader

BellaGeneral Comments1 Comment

We as a firm were studying our top five traders this week.  Each of them trade a very different style.  Said another way, each of them is unique. One is a scalper. Another trades momentum. Another is an inefficiency trader. Another is an arbitrage trader. Still another trades low floats. What is more interesting is that each of them trades … Read More

This is your trading business

BellaGeneral CommentsLeave a Comment

We teach a class, SMB DNA, and a student asked this question about the chart above from this class: As you can see from the chart, after price broke above 238.40 and traded above it, price tested and rebounded from the level 4 times. It seems to me that this suggests the level is significant intraday as well. The 3rd … Read More