I received this email today from a veteran and *very* successful independent trader. He sends me his thoughts on his trading each day, which I really enjoy reading. And I share some feedback, where I can help. Remember, these are the thoughts of a very successful and veteran trader. If he has them, then certainly many of us have the … Read More
What will they say about you?
What will they say about you after your trading career? I was interviewing a female retail trader for a spot on our desk and asked her one of my standard questions. She was self-taught, a single mom, former teacher, living in the Dallas/Forth Worth region and posting consistent six-figure returns, with a small trading account. I asked: who is your … Read More
Time Diversification of Options Trades
Seth Freudberg discusses how to diversify your options portfolio. In our Daily Video he focuses on how time is one of the best means of diversifying market neutral income trades. It’s best to diversify your options income strategies so that they are not all subject to the exact same risks. One important form of diversification is to spread the initiation of … Read More
3 steps to win as a trader
In a previous post, I suggested this video on how to win, by Brett Ledbetter. How do we apply the lessons from this video of performance wisdom and apply it to our trading, so we improve? How does this video help us win as a trader? Consider three simple steps to improve as a trader and start winning: 1) Determine … Read More
Lessons learned in Chicago from experienced traders
Lessons Learned in Chicago From Experienced Traders from smbcapital This week I visited Chicago and with experienced traders covering different products and in different structures. I visited with traders at hedge funds, prop firms, broker dealers, trading education centers, independent traders, exchanges, and institutions. These seasoned veterans expressed their ideas in options, futures, stocks, automated trading, and international markets. … Read More
Trading Idea to Optimized Portfolio Backtest: A Guide
Andrew shows you an example of taking a signal idea and quickly documenting a series of tests. The entire process took a few hours and represents 15 years, 120+ stocks, and 10s of thousands of back trades. * no relevant positions
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