Each morning we discuss the overall market and the top In Play stocks to trade. Today, I offered my thoughts on why the SPY was setting up for higher prices (during first 2 minutes). Enjoy! (i did record meeting at home & yes that is my basset hound moving around in the background) For a Trial of our AM Meeting … Read More
How to Attack a Market Dip
In this video, Steve Spencer walks you through the process of buying a pull back in the market.
Bring a consistent you to markets to improve your trading
Trader wants to improve his trading consistency. (Please assume Trader has some edge in markets.) Trader might double down on their efforts to perform better during market hours. If I just focus better. If I just take only A+ trades. If I just wait for my trades more patiently. If I just use this indicator. If I just size … Read More
Journey of a Successful Retail Trader: Crossing 100k in Trading Profits
Last month on Twitter, I spotted this tweet and impressive equity curve from a developing retail trader: As the managing partner of a proprietary trading firm in NYC, I study traders succeeding. This retail trader is succeeding! I reached out and asked him a few questions (in bold), hoping to learn from his success. Below are his answers. Who are … Read More
Trading Class This Thursday
[EPISODE 37] “The Trade Review: How Pro Traders Keep a Trading Journal”
Impossible Market Timing?
Wouldn’t it be great if we had a tool that gave us a heads up when market was making a short term top? What if that same tool could be used to time the bottom in market pull backs as well? If we had something like this surely we would make many millions of dollars if not billions in the … Read More
SMBU’s Options Tribe Webinar: Ed Tulauskas of Random Walk Trading: The Bionic Butterfly
This week, Ed Tulauskas of Random Walk Trading discusses the Bionic Butterfly, a biased butterfly strategy that takes advantage of directional moves. Ed will look at the basic trade framework, explain the best times to utilize this approach, discuss the factors influencing the trade and cite some examples of the use of the strategy.
How do I start as a trader?
Recently I visited Pace University investment club to talk about the life of a proprietary trader. We make an effort to reach out to college trading clubs and college investment clubs and meet their members. Some of our best traders have come from these clubs. Also, college students rarely get to interact with a professional trader so sharing our experience … Read More