I sit in a unique seat in the trading community. For the past decade, I have trained traders from new to consistently profitable or failed trader. As the author of two trading books, gratefully many reach out to me sharing their trading challenges and triumphs with the why and how. What I do in my writing is share my observations … Read More
Current Emini S&P 500 Market Structure
Here’s part 2 of this free insight into using Volume Profile to find great trade locations. If you have further questions about adding this tool into your trading, reach out to Merritt at [email protected]
Old School Market Manipulation
So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns/manipulations then we should have a plan … Read More
Don’t Push Your Luck
In this video Seth Freudberg discusses why it is a good idea to stick to your plan and avoid getting overly excited about recent success.
How this trader improved
I was chatting in the hallway at our firm in NYC, with a developing trader who was verbally proud of his improvement on that day. He was really proud. I asked him what progress he had made and how. In detail, he offered his improvement. When he was done, I asked him to memorialize the improvement in an email to … Read More
A trading journal that works for you
I trade intraday futures by reading the tape and looking at historically significant price action levels. I start to really get a feel for the process, but I still trade only one future until the process is internalized. To be able to assess myself I keep a detailed journal where I fill in trade information (entry, exit etc.) and trading … Read More
SMBU’s Options Tribe Webinar: Anne-Marie Baiynd of Thetradingbook.com: Trading the Last Half of 2016
This week Anne-Marie Baiynd returns to the Options Tribe to share her thoughts on how to trade the remainder of 2016 by identifying trends and using her systematic trading approach to trade those trends.
That Was Different—Did You Make Money?
In short term trading we are always on the lookout for something that looks “different”. That is where edge is. That is where good risk/reward is. The past few weeks the SPY has been bopping up and down in a tiny range. After four or five days it was unusual. After two weeks it was historic. Every short term trader was focused … Read More