Backtesting is necessary to develop a system but not sufficient to prove YOU can make money. In this video Seth Freudberg discusses: Mid-prices not easy in fast market Testing software data may be imperfect Mid-price may be a distortion—synthetic equivalent may be more accurate. Multiple trades means you may not be attending to the one being tested. Emotion—do you have the strength … Read More
SMBU’s Options Tribe Webinar: Andrew Falde of SMBU: Three ways to reduce draw downs on options trades and smooth your equity curve.
This week Andrew Falde returns to the Options Tribe to discuss methods that he has developed to reduce drawdowns on options trades including his techniques for avoiding whipsaw losses and his rationale for varying the size, width, and time based on current market conditions.
Ten Articles For Sunday
Bezos on Two Types of Decisions The Lies We Tell Are More Convincing When We Have To Pee Very Cool Earbuds That Could Change Your Perspective on Living In A City A Syrian Refugee Discusses Dealing With ISIS and Assad The Metrocard Is Going Away Thankfully for Hillary And The Rest of Us Sun Edison’s Implosion Could Impact Solar Projects … Read More
A Long Trade in Oil
In this video I discuss a recent swing trade in oil. One thing I should have mentioned in the video is that if you want to intra-day trade oil futures is the way to go. Because of the global nature of this commodity many of its cleanest moves happen outside of US stock trading hours. Steven Spencer is the co-founder of … Read More
Here is how you win as a trader
Below is wonderful video for you to watch to help build your inner coach from Brett Ledbetter. Take 15 minutes and watch it this weekend. It will give you many ideas to improve as a trader. Now the subject matter in this video is sports performance. Sports after all is a performance game. Trading is also a performance game. … Read More
Don’t Trade Options Before 10AM
In this video Seth Freudberg discusses why you shouldn’t trade options before 10AM. You will see what can happen the first 30 minutes of trading. Seth uses an example of May 20th $RUT Index Put and shows you how the price changes based on time of the day. Enjoy the video. * no relevant positions
Be More Confident
In this video Seth Freudberd describes why traders filled with self-doubt will never be successful. Until a trader finds those strategies that he or she is comfortable implementing on a consistent basis, a trader will have a very hard time being successful. Successful traders are not bothered by losses and those losses do not shake the trader’s confidence in his … Read More
Podcast: How to find your trading edge
Above is a podcast for which I was interviewed on generating trading edge and below are it’s details from the podcaster. Episode 34 of the Desire To Trade Podcast features Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive … Read More