Don’t call it a comeback

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One of our best traders was down near 18k and my partner slacked: (trader name deleted) may be on tilt. I checked in on this trader with a chat to see how he was and if he was on tilt.  He wasn’t happy, but he analyzed he was mostly just early in a trade.  He was waiting for a bounce … Read More

Keep Your Trades Simple

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In our SMBU Daily Video, learn why you should keep your trades simple in this market sell off. In this video from Seth Freudberg, you will learn: Why you’re prone to get stopped out in times of market volatility How extremely market volatility can impact your trades The difference between exiting a complex and simple trade – SMBU Team   *no … Read More

The object in trading is to win

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I remember the interview.  I meet hundreds of trading candidates every year during our firm’s hiring process.  You remember the best ones.  He was one of the best. There was a clarity of thought. There was a focus. There was a calmness. There was speed in his processing. There was a demonstrable interest in trading. I told him on the … Read More

One trade, five reasons it failed

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During our 11AM mentoring session today a good trade was presented and failed for 5 reasons.  Let’s review this trade and those reasons, with the hope that it will help you think through future trades. FXCM has been In Play into the end of year, rising from 11-25, as you can see from the chart below. The trendline broke below … Read More

It’s all about the grind

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Winning traders embrace the grind.  Above is a spreadsheet from a developing trader on our desk measuring his good days and bad.  What did he find? When he arrives before 8AM, he is a good trader. When he arrives after 8AM, he stinks. When his activity is high before work, he is a good trader. When his activity is low … Read More

Succeeding with your trading resolutions

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It’s New Years Trading Resolution time. And many of you will outline grand plans. And that is excellent. Here is a suggestion to help you SUCCEED with your trading resolutions. You will find some of our well-intentioned resolutions difficult for you to make into habit. The three goals most will struggle with (me too) will be: 1) Journaling 2) Breathing … Read More

10 trading resolutions for you

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Happy New Year! Here our ten trading resolutions I wish for you in 2016! 1. I will try to improve each day and stop trying to make money. 2. I will study my trading edge and build from my strengths. 3. I will improve my fitness as this impacts my trading PnL. 4. I will be grateful each day for … Read More