Join Marc Principato, CMT in our upcoming online workshop about volume analysis in forex trading on Tuesday, May 21, 2013 at 4:30pm ET. In this workshop Marc will explain how our traders apply volume analysis with a unique tool in order to validate trade setups. This technique allows our traders to capture emerging trading opportunities that carry 3:1 reward to … Read More
The Swing Trader’s Breaking News Dilemma
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 … Read More
How Do You Think This Trader is Doing?
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 … Read More
How Do I Trade the Breakout Trade Better?
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 … Read More
My Stupid Trade in $QIHU
A few days ago my trading clerk asked me to take a look at QIHU. It had exploded above its ATH on heavy volume. I didn’t take a trade in it on Day 1 but made a note of the 36.50 pullback low after its Opening Drive. On Day 2 after a stock has broken out I like to get … Read More
The Technology Edge of Proprietary Trader, Steve Austin
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 … Read More
Trades Getting Out of Hand?
Ever start out simple, with just one or two trades, and then end up with an entire mess of options? Congratulations! You’re now trading a “position”. Perhaps you’ve heard the term but aren’t sure what it means. You’re trading a “position” when you’ve gone beyond using just one strategy. Trading a position is typically going to be much different than … Read More
SMB Forex and Futures Weekly Trade Review 5/10
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 … Read More