Here are the top blog posts of 2017 from SMB: This retail trader just crossed 100k in trading profits The Failure Rate of a Proprietary Trader Relative Volume (RVOL) Defined and Used STP Vs. ECN The End of Volatility Traders ask: VWAP? Beginner’s Guide to Call Options: How They Work and What Happens after You Buy What I Learned From … Read More
Are there less opportunities in this market into the close for traders?
A reader asked: Hello Mike. I have been involved in trading for a number of years and follow your youtube channel with interest. A quick query when you have some time. Going back a few years, the main ‘focus’ for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour … Read More
Trade your PlayBook for improved consistency
I received this email from a trader: Hi Mike, Terrific piece yesterday on trader development. You have a wonderful way of clarifying things. Step 1. Build your playbook of trading ideas Step 2. Become consistent trading these plays. I have come across the word “consistent” more and more frequently but have never fully grasped just how important it is. Dr. … Read More
Forex: The Ideal Track Record for Funding a Proprietary Firm
Hi Mike, I am from Singapore, and I recently just finished reading “The Playbook”. I read “One Good Trade” a few years back and got me propelled into the right mindset a trader should have. I like how the book has included the part of how a professional trader thinks, I used to think that a trading plan only includes … Read More
5 trading lessons from monthly reviews
At the end of each month, firm traders are encouraged to complete a monthly review of their trading. While reading firm reviews for April, 5 lessons stood out. Let’s discuss them. 1.Don’t turn bad days into worse One developing trader is working on limiting losses on his bad days. The thought is every extra dollar not lost on his bad … Read More
SMB meeting traders in Chicago
A quick note to share that I will be in Chicago Monday April 11 and 12 meeting traders. Our firm backs discretionary and automated traders, offering proprietary technology and assuming all capital trading risk. We trade stocks, options, futures and automated trading. SMB, in its JV with Kershner Trading Group, also teaches traders from scratch to consistently profitable, who fit … Read More
Profitable Discretionary Traders Should Trade on Proprietary Trading Platforms
Bella, I have a question regarding last Tuesday’s session on October 8. I don’t attend Tuesday’s sessions live due to me being tired and the time zone difference. Anyway my question is: You mentioned that traders should seek other than off the shelf platforms in order for them to make more than they consistently do, assuming that they are doing … Read More