It was excellent visiting the traders at SMB Capital and their new offices a hop, skip, and jump away from Wall Street.
Here's what I observed first hand:
* A structured training program with a well organized curriculum that teaches specific setups and trading methods;
* Dedicated teaching and mentorship; not just learning from the seat of the pants;
* Morning meetings to prepare for the trading day in which multiple traders participate with ideas;
* A coherent philosophy of trading that focuses on tape reading skills among stocks that are moving and offering opportunity;
* A thoughtful strategy for managing risk and maximizing reward.
It may not be the type of trading that is for everyone, but it was nice to visit a firm that has integrated training and trading in a positive learning environment.
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Hi Dr. Steenbarger.
I saw your presentation at SMB and I enjoyed very much. I had a question: When I played competitive beach soccer my coach always created a level of intensity trying to inspire us. I always played better at a high level of stress especially at important games. So, now as a beginner trader is there a way to channel your stress to a positive reinforcement? What would be the pros and cons of using it?
Once again thank you very much for the presentation and for reading my questions! Leo Borges
Dr. Brett, how do you find the time to write so much? I have a blog, and post to it about 4-5 times each day. They are mostly charts with a few scribbled comments.
Your postings contain much more writing than mine. I don't know how you find the time to write -- and still trade.
My hat's off to you!
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