Getting your priorities correct really helps shape the trading day for optimal progress. One trader with, with whom we are working, is coming along nicely. Firm is happy with his progress. Our sense is he has a real chance to become good. Our job is to help him set priorities. Is that to make money? Or is that something else? … Read More
Why did I make this trade ($MGM)?
I made a trade in MGM today, and instantly self-talked: “Uhm, why I am in this trade?” It was not a trade that I trade well. It is not a trade that fits my personality. It is not a trade that extenuates my strengths. Why? Why? Why? We make progress as traders when we stop making trades that do not … Read More
It’s never just patience
Often I hear traders decry their lack of patience. If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, “I JUST need to wait for my levels.” Again the idea is if trader just waits for his levels he … Read More
Déjà Vu: $HTZ
*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey toward becoming a pro trader for the college student with a passion for trading.***** About a month ago I shared my trade review for … Read More
Knowing Your Risk on Multiple Time Frames
*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey to pro trader for the college student with a passion for trading.***** There is a saying along the lines of “Good traders know their … Read More
Trading After the Debt Ceiling is Raised (Video)
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. If you’re wondering how you might trade the markets after an announcement, perhaps this video will help. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a … Read More
How I Categorize My Intraday Watchlist
*****Editor’s note: Jake Huska is a college student working on his trading game. At SMB we believe traders should start working on their trading game early, just like pro athletes. Jake’s posts reflect a better journey to pro trader for the college student with a passion for trading.***** —- If you’re a short-term trader, you should be salivating with earnings … Read More
Free Webinar Recording: Three Intraday Time Frames
In this free Webinar, originally broadcast on January 30th 2013, Steve Spencer discussed the different time frames that can be used when trading intraday, what kind of information you should be noticing for each one of them, and some tips on how to trade them. This webinar is no longer available. Steve Spencer [email protected] No Relevant Positions
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