SMB Futures TOTD – 5/23/18

Merritt BlackFutures, Reading the Tape, Technical Plays

It’s time for the Futures Desk Trade of The Day! If you missed yesterday’s, you can find it here. We love having our traders in Europe and Asia on the Futures Desk. It allows us to capture some trades while the rest of us here in NYC are fast asleep. This trade was just after 4am NYC time. Key variables: … Read More

SMB Futures TOTD – 5/22/18

Merritt BlackFutures, Reading the Tape, Technical Plays

It’s time for the Futures Desk Trade of The Day! The trade was in crude oil futures. Speaking of which, many think that this is a “wild west” market, and it’s truly not. It’s a great market with solid liquidity and often great momentum. Key variables for the trade: Failed attempt at breakout outside the prior day’s range Failed attempt … Read More

Perception and Trading

Merritt BlackFutures, market structure, Trader Development, Trading Psychology

Laurel or Yanny? There are a few viral videos going around in which different people perceive different words despite listening to the same audio clip. This one is particularly impressive to me: You can hear EITHER one, simply by telling yourself that is what you’re about to hear. Kind of bizarre given the cadence and different syllables of the two … Read More