Posts Tagged ‘
trader training ’
May 22nd, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
Too often I listen to inexperienced traders over reacting, exaggerating and showing how over dependent they are on things like technical analysis. Too many engineers and people who think they can outsmart the market by trying to define everything it does with some over restrictive measure, indicator or data series. Much of the time, the objective of this pursuit is to arrive at some kind of indicator that will almost guarantee profits, or get you into a trade that will be correct 90% of the time. On top of that, this magical invention will allow traders to use stops just barely greater than the spread. So you spend days, months and years struggling to find this advantage. It must exist right?
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Tags: forex, Forex Training, market context, multiple time frame analysis, position sizing, risk analysis, SMB, smb capital, time frame, trader training, trading, trading education Posted in Marc Principato, SMB Forex |
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May 20th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
In this segment, Marc Principato, CMT conducts a broader technical analysis on the S&P 500 futures, EUR/USD, GBP/USD and AUD/USD. Use this to gather important for your strategies throughout the following week. For more information visit: http://www.smbtraining.com/overview/forex-training
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Marc Principato, CMT
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own schedule
Learn SMB′s Unique Strategy
Trade Confidently in 6 Weeks
Click here for a free trial of our chatroom
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Tags: forex, Forex Training, market context, multiple time frame analysis, SMB, smb capital, time frame, trader training, trading, trading education Posted in Marc Principato, SMB Forex |
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May 17th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
In this segment, Marc Principato, CMT, reviews a EUR/USD trade that combines our favorite setup with volume analysis confirmation. To learn more visit: http://www.smbtraining.com/overview/forex-training
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Marc Principato, CMT,
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own schedule
Learn SMB′s Unique Strategy
Trade Confidently in 6 Weeks
Click here for a free trial of our chatroom
Read more [...]
Tags: forex, Forex Training, market context, multiple time frame analysis, SMB, smb capital, time frame, trader training, trading, trading education, unconventional, volume analysis Posted in Marc Principato, SMB Forex |
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May 15th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
Whenever I mention “volume analysis” in relation to forex trading, almost instantly I get the following question,”Hey isn’t the volume in the spot market unreliable since there is no central exchange?” The answer is yes it is unreliable and that is why when I analyze volume in the currency market, I don’t use spot, I use futures. The next question is usually something like,”Are you using time and sales? Or comparing the volume bars on the chart?”. This is a great example of the types of preconceived notions that exist in this business. The volume that I analyze is similar to time and sales, but presented in a way that allows for greater market insight.
Many less experienced
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Tags: forex, Forex Training, market context, multiple time frame analysis, SMB, smb capital, time frame, trader training, trading, trading education, unconventional, volume analysis Posted in Marc Principato, SMB Forex |
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May 13th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex, SMB Video Blogs
In this segment, Marc Principato, CMT conducts broader time frame technical analysis on the S&P500 futures, EUR/USD, GBP,USD and AUD/USD currency pairs. This analysis offers potential support and resistance and trade scenario possibilities for the following week. To learn more about our online trading room, visit http://smbtraining.com/overview/forex-training
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Marc Principato, CMT,
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own schedule
Learn SMB′s Unique Strategy
Trade Confidently in 6 Weeks
Click here for a free trial of our chatroom
Read more [...]
Tags: forex, Forex Training, market context, multiple time frame analysis, SMB, smb capital, time frame, trader training, trading, trading education Posted in Marc Principato, SMB Forex, SMB Video Blogs |
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May 12th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Hi Mike,
I am a beginning stock trader. As I have another job to support me during my learning curve, I cannot trade intraday and instead I focus on swing trades that can last a couple of days.
My problem is that during those couple of days, you can have all kind of news that can reverse the trend and make the trade fail. What I am struggling with is when to change my initial plan and when to just leave the trade with its initial stop loss/target profit? (I can amend a trade just after the open and a bit before the close.)
BTW, I loved you book! Before that I didn't know there was a difference between a prop trading firm and a hedge fund :-). And also, it's good to know what the benchmark
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
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May 12th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Good evening Bella! I wanted to fire off a quick email to you, and if you had time to respond or post it, I would greatly appreciate it. I just need some input from someone who has observed intraday traders for years, to gauge where I'm at. I started prop trading last August, so it's been nine months. Before that I had dabbled in the markets with a focus on daily charts and pattern recognition. I do a lot of the "hustle plays", i.e., archive trades, trading journal, go thru charts, news, etc., and that all adds up to lots of time. OK, since last August I haven't made money. August thru December was consistent losing. I climbed a big mountain back so far this year, and am basically at break-even
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
1 Comment »
May 12th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
Below is an email exchange between me and an SMB Reader, who is a pretty good trader. We discuss how to improve his Breakout Trade attack. This blog post ends with related past posts.
SMB Reader
Mike,
The Thursday after you visited the big CT hedge fund you very briefly mentioned, "They play all breakouts the same way, paying up over levels."
It's been replaying over and over in my mind lately.
Is the risk the breakout level?
@mikebellafiore
Yes.
You want the stock to work, move away from the resistance and hold above the breakout price.
Trade well.
SMB Reader
Mike,
Is there a "last thing" that traders have to push through to get there? I feel like it's at
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
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May 11th, 2013 |
By Bella |
Category: Mike Bellafiore's (Bella's) Blogs
CNNMoney came to visit us this week to do a spot on our desk's NEW technology edge. I am the guy showing off the balding back of my head. You may have read recently about our JV with KTG in Midtown NYC of late that breeds this new technology edge. I wanted to explain in more detail the importance of this technology edge during this most opportunistic era of discretionary proprietary trading. It will make all the difference for your trading.
I keep hearing that many in proprietary trading are struggling. A good example of this is Tier 1 prop shop firing many of their traders recently. (We are hiring by the way.) There will be markets where we should struggle as traders (2002).
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Tags: daytrading, how to be a day trader, learn trading, prop trade, stock market course, stock trading education, stock training, the playbook, trader training, trading careers, trading course, trading courses, trading education, trading school, trading stocks Posted in Mike Bellafiore's (Bella's) Blogs |
3 comments
May 10th, 2013 |
By mprincipato |
Category: Marc Principato, SMB Forex
In this segment, Marc Principato, CMT, reviews a EUR/USD short that was initiated on May 2nd. The highlight of this video is how we use a particular volume pattern in the futures market to validate a larger time frame price pattern that was calling for a short at the time. This is how we gauge potential and manage to capture trades that offer 3:1 reward to risk ratios or greater. To learn more, visit http://www.smbtraining.com/overview/forex-training
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Marc Principato, CMT,
Risk Disclaimer
*No Relevant Positions
SMB FOREX
Trade on your own scheduleLearn SMB′s Unique StrategyTrade Confidently in 6 Weeks
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Tags: forex, Forex Training, market context, multiple time frame analysis, SMB, smb capital, time frame, trader training, trading, trading education, volume Posted in Marc Principato, SMB Forex |
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