It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. This trade combines a classic “spring” pattern, with the use of vwap, and time of day factors. Key variables: ES in an uptrend defined by method Pullbacks mid-day during slow trade can be more complex (multiple legs) Watch for pull back into … Read More
SMB Futures TOTD – 5/16/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. Today we have a trade that achieved 6 to 1 R/R – This is something that is doable on a pretty consistent basis for many traders. (Many retail traders at home think that this type of R/R is near impossible.) The trade … Read More
SMB Futures TOTD – 5/15/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. Today is an interesting one, and it embodies something we hold dear to our hearts. That is, “Not all wins are wins, and not all losses are losses.” In short, the simple outcome does not determine the success or failure of a trade. … Read More
SMB Futures TOTD – 5/14/18
Yes, the Trade Of The Day, the TOTD – (pronounced “toddy”) We’re going to be bringing you fresh TOTD’s each day that highlight a real trade taken by one of the traders from the new SMB Futures desk. So let’s dive into today’s TOTD. 5min chart: 6E Futures The market and key variables: Our trader was watching Euro/USD currency futures, … Read More
Drills For Skills
A few weeks ago I was working with a futures trading student that had been a bit beaten up as of late. We chose to take the path of stripping his trading plan down to its core. We chose to go back to basics. That’s not all though. We also came up with a plan to use market replay to … Read More
New at SMB “Futures Friday”
“Trading Conversations” (our weekly open Q&A trading webinar) is now “Futures Friday”! We’ll take this time each week to discuss all issues pertaining specifically to futures traders. Come and learn: What’s working well? What’s been challenging? What markets are moving? And more! As always, don’t forget to bring your questions. We couldn’t be more excited to continue to build this … Read More
Are you overly negative, or ignorantly positive?
It’s the end of the trading session. You’re a good boy- so you’ve definitely journaled and now you’re ready to begin your post-market review. This is where things get interesting for me as a mentor. Let’s consider two traders: Overly Negative Nick, and Ignorantly Positive Pablo. They both made the exact same trade decisions that session, but let’s see how … Read More
5 Pillars of Trading Success
These five pillars will help your trading consistency, which should be your ultimate goal. Interestingly enough, the 5 pillars of trading success have nothing to do with the actual act of trading or even analyzing markets. They involve the work that goes into developing into a trader, as well as developing as a trader. The trades you end up making … Read More