I was talking to a struggling developing trader, presently at a trading arcade, who was looking for a new home because of a lack of mentoring. He understood that at his trading arcade (trader places a risk deposit for first losses and firm provides leverage) it was not their business model to extend mentoring and coaching. *There are other trading … Read More
ALL Traders Are Impacted by Market Probabilities
Discretionary traders, systems traders, neutral, mean reversion, momentum, swing, and day traders… ALL of these trading styles and niches rely, to one extent or another, on using probabilities. Discretionary traders keep probabilities in mind when making trading decisions. Systems traders rely heavily on many aspect of probabilities to create automated or nearly-automated systems. Neutral traders need to understand tail risks … Read More
Higher Probability of Winning at Trading May Not Be What You Think…
Developing traders often set goals to improve their trading by winning more of the time. That last word (time) is worth a minute of discussion. There are two ways that the word “time” is often referenced when it comes to winning. First (and more commonly) it is referenced when talking about win rate. A phrase you’d hear in this case … Read More
Intro to Probability Based Trading
We’re excited to invite you to register for an SMB Live Online Class next week. Intro to Probability-Based Trading The goal of this class is to help you learn How To Leverage Market Data To Assist Your Trading Decisions. Join us to learn how you can improve your statistical edge by gaining a more complete understanding of probabilities in trading. We’re … Read More