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
Sprinkle 4 Ingredients onto Your Smart Trade Ideas: Boost Your Trading Intelligence
Here’s what I see from my seat as the managing partner of a proprietary trading desk in NYC with underperforming experienced traders. Add four ingredients to your trades. They do a wonderful job of developing trading ideas. They have many of them and many of them work. But too many of them do not work. And they mostly just trade … Read More
Tweaking Our Strategy During Market Volatility
In our SMBU Daily Video, Seth Freudberg explains how SMB’s Options Trading Desk tweaked its portfolio of monthly trades to adjust to this market environment. Traders need to realize that the market has changed–2016 is much more volatile In these environments, tweaking your portfolio of trades is recommended for retail traders * no relevant positions
SMBU’s Options Tribe Webinar: Doc Severson of Tradingconceptsinc.com: The Top Ten Lessons for Trading a Small Options Account
This week Doc Severson of Tradingconeptsinc.com returns to the Options Tribe to discuss his tips for traders who are managing smaller options trading accounts.
A Tale of Two DOWs
Yesterday, the Dow Jones Industrial Average declined over 250 points while DOW chemical rose over 5%. This was a textbook “stock in-play”. It was gapping higher, the desk identified clear levels to buy from (as mentioned in Trader90 AM meeting and Big Picture Game Plan), and the potential trade back to resistance was greater than the potential risk below support. … Read More
Trade2Grow
Hey Mike, Loved your podcast on chat with traders, huge fan of yours for many years. I was listening to another podcast, and they said “turn off you pNL when trading”. When writing electrical proposals and performing work I am 100% emotionless, never think of money, and never get greedy with customers. Flip to trading, and it’s a different guy. … 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