Facebook Friday And Rocket Science

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trading LessonLeave a Comment

Despite the fact that the fast majority of those hired by hedge funds and banks these days are literally rocket scientists (PHD’s in Physics, AstroPhysics, Mathematics etc.) trading is NOT rocket science. Of course being good at math and being able to write algorithms doesn’t prevent someone from successful market speculation it just isn’t a prerequisite. On Friday I outlined … Read More

Letting an IPO Run

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

“Bella I cut too early.” “Damn I cannot believe I sold that FSLR a point ago.” “I am such a wuss FSLR ran 3 points after I sold it.” I heard all of these statements on my prop desk today. ┬áSelling early is a constant struggle for all of us. One position that I let run is an IPO holding … Read More