Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum. After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology. Two traders could … Read More
Recruiting traders for Teams that fit their talents
During an interview with now one our new hires, I imagined the candidate trading on one of our specific teams. I thought he could be a very good scalper. I could imagine him succeeding on Team Scalping. The candidate had a history of very fast thinking. He had done the type of thinking prior to this interview to be … Read More
Collaborating to build automated models
In his Daily Report Card, a developing hybrid trader noted the important value talking to another trader on the desk about his idea for an automated trading model. (A hybrid trader is one who profits with discretion, AND discretion armed with technology, AND automated models. They are not just a discretionary trader, pushing buttons based upon what they see in … Read More
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